… that it is thought that many, many of their goods and services inflated as much as 35% with an 18% wage gain. So the loss in purchasing power was tremendous. We were running the biggest deficit to GDP that would ever run 6.7, 6.9% when we were not at war, not in a recession. and we had to get that under control. And then everything that was happening to our American workers from the border being open and whether it was safety or jobs being taken. (00:51–01:01)
CLAIM
Asserts that the U.S. had the largest deficit to GDP ratio of 6.7-6.9% outside of war or recession.
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.
