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Scott Bessent: “21.5% cumulative inflation, loss of real purchasing power.”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Published | Video Starts at 20:27

And Joe Biden crashed the economy. You know whether it was Joe Biden, Elizabeth Warren, Kamala Harris, these policies were a disaster for the American people. As I said, 21.5% cumulative inflation, loss of real purchasing power. And our friend at strategists, Jason Trenor, had something called the common man index. So for working Americans, the numbers weren't at CPI. It was up in the 30s in terms of groceries, insurance, rents. (20:27–20:34)

CLAIM

Asserts that there was a 21.5% cumulative inflation and a loss of real purchasing power.

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