2 days Ago By ABCNews
The first general election debate of the 2024 season has kicked off. U.S.
President Joe Biden and his Republican rival, Donald Trump, are squaring off as the candidates attempt to lure currently undecided voters. Both candidates will talk up their own records in office and their plans for the next term, and both candidates are likely to try to spin their records and their plans in the best possible light. ABC News is fact-checking both Biden and Trump's claims in real time.
TRUMP CLAIM: "He also said he inherited 9% inflation -- no. He inherited almost no inflation and it stayed..
stayed that way for 14 months and it blew up under his leadership because they spent money like a bunch of people who didn't know what they were...
" FACT CHECK: This is mostly true. In January 2021, when Biden was inaugurated, year-over-year inflation was about 1.4%.
Under Biden, year-over-year inflation peaked at 9.1 percent in June 2022. But it is now down to 3.
3 percent. Under Trump, inflation rose by 7.76 percent from January 2017 to January 2021, and year-over-year inflation peaked at 2.
9 percent in July 2018. TRUMP CLAIM : " [ Biden ] created mandates. That was a disaster for our country but other than that we had - we had given back a - a country where the stock market actually was higher than pre-covid and nobody thought that was even possible.
FACT CHECK : Unclear. The Dow hit 30,000 for the first time on November 24th, 2020. But that was after the last presidential election-so it's hard to.
