President Joe Biden attempted to take a shot at his predecessor on Thursday over the economy and national debt. Instead, he ended up knocking himself.
At the end of a long diatribe about the economy, in which he often attacked "MAGA Republicans" for their economic perspective, Biden tried to slam former President Donald Trump over the debt that accumulated under his watch.
"Look, under my predecessor, the last guy that was president, the deficit went up four years in a row, accounting for 40% of the entire 200 years of debt. You hear me?" Biden claimed.
"No president added more to the debt in four years than my president," he added, referring to himself when he actually meant to refer to Trump.
Biden never corrected his statement. Instead, he immediately said he "misspoke" about the percentage of the national debt that was accumulated under Trump. It was, according to Biden, "25% of our country's entire debt," not 40%. While Trump, like his predecessors, significantly added to the national debt, Biden made no mention of the COVID-19 pandemic, which caused the deficit, and thus the national debt, to grow by trillions over a short period of time.
Hours after Biden's speech, the White House uploaded a corrected transcript of Biden's remarks. Instead of "my president," he meant to say "my predecessor," according to the correction.
President Biden Delivers Remarks on Our Economic Progress Since Taking Officeyoutu.be
Earlier in the speech, Biden outright lied about congressional Republicans.
"Look, that's how [House Republicans] starting this new term: cutting taxes on billionaires, raising taxes on middle-class families, and making inflation worse," Biden claimed.
In fact, Republicans have not cut taxes for billionaires, and they have not raised taxes on middle-class families. Not that Republicans advocate for such policies, but it would be impossible for them to take such action right now because they only control the House. They do not have the unilateral ability to pass tax-impacting laws.
Republicans, therefore, have not made inflation worse like Biden claimed.
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