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Democrat claiming ‘inflation rates are down’ interrupted by higher than expected inflation report [Video]

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State Business and Economy News

Reality collided with a Democratic congressman’s efforts to defend President Biden’s record on inflation Wednesday morning.

South Carolina Rep. James Clyburn spoke to MSNBC’s “Morning Joe” regarding a recent focus group accusing the president of “gaslighting” them on the economy. Though Clyburn acknowledged that people are concerned over inflation, he said inflation rates have largely come down since Biden took office.

“I do believe, just from my own observations, from the conversations I have had with people, there are concerns about things like inflation, but what we’ve got to get them to see is that inflation today is about 40% of what it was when Joe Biden took office. And so, the inflation rates are down, and people’s incomes are up. Unemployment is on the decrease. And although we see the prices at the stores costing more money, people are, in fact, earning greater incomes,” Clyburn said.

HOW IT STARTED … HOW IT’S GOING: INFLATION-ADJUSTED HOURLY WAGES LOWER TODAY THAN WHEN BIDEN TOOK OFFICE

As …

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