On Tuesday, during Biden’s speech to the union bosses at AFL-CIO, he stated, “Under my plan for the economy, we’ve made extraordinary progress. And we put America in a position to tackle the… worldwide problem that’s worse everywhere but here: inflation.”
The data from OECD shows quite the opposite. The United State’s inflation rate was 8.3% in April. That was higher than the U.K. (7.8%), Germany (7.4%), and Canada (6.8%). Italy has a 6% inflation rate, South Korea has a 4.8% rate, and Japan has a 2.5% inflation rate.
The OECD stated, “Energy prices remained the main contributor to inflation in France, Germany, and Italy in April, while inflation excluding food and energy continued to drive inflation in Canada, the United Kingdom, and the United States.”
Biden has continued to blame “Putin’s Price Hike” for the increased levels of inflation. 83% of Americans describe the economy as “poor or not so good” according to a Wall Street Journal poll.