Biden Brags About Rising Prices and Corporate Profits Coming Down

EXCERPT:

BIDEN: “Those of you who are economists knows that's the economic mantra. To get inflation under control, fewer jobs, more unemployment, that's number one. And making sure you don’t have to deal with — that’s what they say caused inflation. But I never thought the problem was too many people working or working people making too much money. One reason we've seen inflation fall by two-thirds without losing jobs is we’re seeing corporate profits come back down to earth. You know, we’ve done more — we have more to do with inflation, though. It’s just about 3% now and predicted to go lower than that. We’re getting the lowest point in over two years. At the same time, the pay for low-wage workers has grown at the fastest rate in two decades. Wages are growing faster than inflation. Folks, that's Bidenomics. It's about growing the economy by strengthening the middle class."