Fact Check: Biden Falsely Says He Inherited An Economy on Brink of Collapse

Breitbart ^ | 03/07/2024 | JOHN CARNEY

[ChicagoConservative27]

Claim: Biden claimed that the U.S. economy was on the brink of disaster when he took office.

“I inherited an economy that was on the brink. Now our economy is the envy of the world!” Biden said.

Verdict: False.

President Biden inherited an economy that was strongly rebounding from the pandemic. In the fourth quarter of 2020, the economy grew at an annual rate of 4.3 percent.

In the prior quarter, it had grown at an annual rate of 33.1 percent, as the economy whipsawed from lockdown to reopening.

As Biden took office, in the first quarter of 2021, the economy was growing at a 5.2 percent annual rate. (Until the Department of Commerce revised its calculations last fall, this was reported as an annual rate of 6.3 percent.)

[ChicagoConservative27]

liar liar diaper man

[Liz]

Democrats say Biden’s now a “fighter,” a screaming, angry leader of limitless accomplishments.

So what happened to the kind, gentle doddering bereaved oldster Special Counsel Hur told us about?

Hur said THAT Biden was so forgetful, too nice and no one could possibly hold him accountable for mishandling boxes of US classified documents.

THAT Biden....... who undermined the safety and security of American Families with complete impunity....... has now “morphed” into a “trusted beacon of Democrat leadership” with just one speech.

Will miracles never cease?.....snx

[oldasrocks]

Doesn’t matter what he says. The sheep will believe it all.

[PeterPrinciple]

Now our economy is the envy of the world!

---

There is always a hint of truth in a lie. Our economy is the best crappiest economy compared to the rest of the world.

[Carl Vehse]

Lies and threats are what a traitor to the United States of America would be expected to say in the SOTU.

[GrandJediMasterYoda]

Virtually everthing he shrieked about while high as a kite on speed was a lie.

[Manuel OKelley]

I work with many c-suite leaders at some of the largest companies in the world and not only are companies who have cash holding it and delaying spending right now some of them are starting to say the (in my experience) thing that was not acceptable even a few months ago : If the leadership of our country doesn’t change the economy is probably going to deteriorate to the point of near or full collapse

Between that, the border and a few other issues it seems that if things go the wrong way that there may be adequate support for a national divorce i

[DeplorablePaul]

Trump should demand that crazy Joe take a drug test. He was totally coked up last night.

[I want the USA back]

Trump had things going very well, with employment for minorities going way up.

The left couldn’t allow that. They took full advantage of a deadly, man-made virus to destroy Trump’s economy. Businesses closed, and were closed by the government. Unemployment went way up.

They then blamed the collapse on Trump!

[Vaduz]

As Biden took office, in the first quarter of 2021, the economy was growing at a 5.2 percent annual rate.

Biden thinks nobody saw that tells another on of his BS stories what a shameless POS in action.
Media approved

[FreedBird]

Robots applauded Biden’s lies. It was a Lie Love Fest.

[cuz1961]

Fact Check: Biden Falsely Says He Inherited An Economy on Brink of

Collapse ?, thats not how to spell your name joe.

[Wildbill22]

He came across like the old films of Hitler screaming his speeches.

Energy is all he had last night, and he probably was heavily drugged.

[Liz]

Biden gives his SOTU campaign stump speech.

....... the press corps is increasingly pressured by the White House. Biden folk always expect the mainstream press to carry their water; whatever they want said of the president and the administration, they poke the press about what to say and think about and look into.

The press in turn is thinking: Why don’t you make your own points at events, and we’ll report what you did? It is a real Biden weakness—and ultimately self defeating—that Democratic White Houses expect so much from the press, focus on its members so much and rough them up when they don’t come through. (Peggy Noonan--WSJ)

[griswold3]

President Biden inherited an economy that was strongly rebounding from the pandemic. In the fourth quarter of 2020, the economy grew at an annual rate of 4.3 percent.

If actions were taken then to cool the economy, we could have saved ourselves alot of the inflation we see now. (alot, not all)
1967 Q4 Fed Chairman Martin “The horse of inflation is out of the barn.” 4 years later (1971), Price controls. will history repeat itself?

[antidemoncrat]

Was anything he said last night truthful?

[conservativeimage]

According to this statista.com graph nothing really bad happened when Biden was pretendsident.

"who's president of the United States in 2020?"

For the record, NOBODY admits to shutting anything down.

[Wildbill22]

So is there any chance of the press recognizing they are being used?

I am not sure they are that smart.

[Liz]