Liars figuring

I am sick to flaming death of our senile buffoon president claiming that in the wake of COVID we had “the highest inflation in the history of our country” and nobody ever, ever, calling out that transparent lie. I know it's a lie because remember, I saw, higher inflation than during Biden’s term.

Start with the fact that the peak year-over-year (YOY) inflation rate during Biden’s term was 9.1% in June 2021.*

In 1974, YOY inflation was 12.3%.

In 1978, it was 9.0%.
In 1979, it was 13.3%.
In 1980, it was 12.5%.

The highest in any year since 1929 was 18.1% in 1946.

Okay, next: For the year 2022 as a whole, (based on December end of year figures, the standard method) YOY inflation was 6.5%.

In the period 1941-2024, there have been 12 years with YOY inflation rates above 6.5%.**

Third: Over the course of his presidency, average YOY inflation under Biden was 4.95% - lower than under Nixon (6.10%), Ford (8.11%), or Carter (9.85%) and just a bit higher than Bush the elder (4.8I).

Has inflation been a struggle recently? Is it still a struggle, especially with slow growth and stalled real income growth? Absolutely freaking yes.

But “the highest in the history of our country?” Not even close. And dammit, some one of the White House reporters should have the guts to say it out loud to his face.

I may be considered old, but I damn well can remember 1974. And so can the Orange Overlord - unless his dementia has erased that part of his memory. Either that or he’s just a damned liar.

Actually, I suspect it’s both.

*All data via Investopedia.com.

**The years were 1941, 1942, 1946, 1947, 1973, 1974, 1975, 1977, 1978, 1979, 1980, 2021.