FOX Business host Larry Kudlow takes aim at President Biden's State of the Union address as Americans face an affordability crisis on 'Kudlow.'
In last night's State of the Union speech, President Joe Biden had a whole bunch of whoppers and tall tales and fabrications that never seem to coincide with factual reality. The Committee to Unleash Prosperity's hotline reports on the budget deficit, a familiar Biden untruth when he says he reduced the deficit by $1.7 trillion – a number he's carried on with for years and the Washington Post gave him a Bottomless Pinocchio for. The reality is Mr.
1% GDP growth in the fourth quarter of 2020 and 6.5% in the first quarter of 2021, and – get this – with an inflation rate of 1.4%. This was not an economy on the brink of disaster, this was an economic silver platter than Trump handed to Biden, who then proceeded to slam it into the ground with a peak 9% inflation rate and two negative GDP quarters in the first half of 2022. Go figure.
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