March 29, 2024 Editor, The News-Gazette: It’s an accepted lie among Republicans that Biden’s economic policies cause inflation. In fact, inflation was a major global challenge that Biden battled better than nearly every other nation.
Just look at the facts: In 2022, U.S. inflation peaked at 8.9%. But Europe’s inflation peaked higher at 10.6%. Over 70 nations worldwide had higher inflation rates than the U.S. And yet Republicans wantonly ignore the obvious fact of an overwhelming global trend to pretend that the U.S. economy somehow exists in its own magic bubble.
Even more audaciously, the Republican inflation lie ignores all of 2023, when U.S. inflation dropped to 3.7%, placing the U.S. in the top 10 of nations with the very lowest inflation rates. That success is what Biden’s economic policies accomplished.
And yet Republicans keep lying. Our own Ben Cline repeated the lie on Jan. 25, 2024: “the massive overspending and resulting inflation at the core of ‘Bidenomics’ is crushing working families.”
Cline is a liar. Check the facts.
CHRIS GAVALER Lexington