Fox News host Harris Faulkner called out Democratic strategist Antjuan Seawright over his claim that President Joe Biden helped “save” Americans’ pensions.
Inflation has hit American’ pocketbooks since Biden and Vice President Kamala Harris, took office, with prices rising by over 20%, while the Consumer Price Index (CPI) reached a high of 9% in June 2022. Seawright claimed that Harris and Biden had a good record on the economy and had saved pensions for millions of Americans before Faulkner cut in.
“Se let me just step in for one second, there, save the pensions,” Faulkner told Seawright. “You are talking about putting money in people’s pocketbooks and also saving what they had, but they handed them 9% inflation for a protracted amount of time shortly after these people got in office. So you give them ten, but you take eight.”
WATCH:
The CPI grew 1.4% year-over-year in January 2021, when Trump left office, while the average price for a gallon of gas was under $2.25, according to GasBuddy.com.
“If you let me respond to your thought for a second-” Seawright said before Faulkner cut him off.
“You took some time, so I just had to get the facts in there, too,” Faulkner responded.
On the economy, Biden’s average approval rating is only 39.8% in the RealClearPolling average, while only 36.5% of respondents give him good marks on inflation.
“When inflation continues to come down and we have an economy that Democrats and Republicans are proud of…” Seawright said.
“The challenge is going to be, Antjuan, how do you make people feel it before November 5th? Because for so long, your party denied it,” Faulkner said.
Federal Reserve Chairman Jerome Powell predicted inflation would be transitory during an August 2021 speech at Jackson Hole, Wyoming, then admitted that inflation ended up lasting longer than he “expected” a month later.
Treasury Secretary Janet Yellen admitted she was wrong to underestimate the risk of inflation during a June 2022 CNN appearance.
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