Mike Johnson: “We had highest inflation in 40 years.”

“I think tonight you'll hear the president sharing the exciting facts about what we've been able to accomplish after his first year of his second term. Remember, we inherited a real mess. The Biden Harris economy was a disaster. We had highest inflation in 40 years. We had paychecks were getting smaller, taxes were getting higher. We reversed literally all of that. Now it takes a while to reverse that trend.” (00:35–00:38)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.