He'd never seen inflation, you know, didn't know anything about it because he was one year old and Ronald Reagan beat it the last time around. But the reality is, Since this president took office, President Biden, inflation is up, the cost of goods are up almost 20% and over 20% for things like food and staples. absolute necessities, housing. How many of you have had a 20% increase in your income in four years? Not very many. So almost every American in terms of their real income is worse off. (07:35–07:48)
CLAIM
Asserts that inflation and the cost of goods have increased by almost 20% under President Biden.
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