Inflation has devoured Americans’ wage gains, but President Joe Biden’s a truth-teller when he made it appear that Americans are swimming in cash, per PolitiFact’s logic. PolitiFact praised Biden’s outrageous gaslighting on the latest inflation report that showed a 7.1-percent year-over-year price increase. PolitiFact said “Biden acknowledged that inflation was still too high and more needed to be done," just before highlighting his talking point that, “‘For the last several months, wages have gone up more than prices have gone up.’” PolitiFact’s so-called Truth-o-Meter belched out the classification: “Mostly true.”