President Biden claimed he inherited 9% inflation when he took office in Jan. 2021, when it was actually 1.4%. (Justin Sullivan/Getty Images)
During Wednesday night’s interview, Biden dismissed polls showing voters disapprove of his handling of the economy and said these voters trust Trump more on the issue, claiming the polling was erroneous.
Biden also presented an idyllic view of the economy not shared by those polled.
When asked by Burnett about the current inflation and the extra costs for groceries that Americans have been forced to pay under his leadership, Biden insisted: "We've already turned it around."
"When I started this administration, people were saying there's gonna be a collapse in the economy. We have the strongest economy in the world. Let me say that again, in the world," he added.
The president then claimed Americans were "personally in good shape" economically.
A Gallup poll on the housing market, published on Thursday morning, suggests Biden was wrong about that too.
Eric Trump is not the only one hitting back on Biden, as former Obama adviser and CNN political analyst David Axelrod also lambasted him. (Win McNamee/Getty Images)
On Wednesday, Axelrod called it a "terrible mistake" and said it could cost him the upcoming election.
"It is absolutely true. The world was plunged into an economic crisis and America was plunged into an economic crisis by the pandemic and we've come back faster than almost any other country and he's right about that. But that's not the way people are experiencing the economy," Axelrod told Burnett.
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"They're experiencing it through the lens of the cost of living. And he is a man who's built his career on empathy. Why not lead with the empathy?" he asked. Axelrod continued, "And I think he's making a terrible mistake… If he doesn't win this race, it may not be Donald Trump that beats him. It may be his own pride."
Fox News’ Joseph A. Wulfsohn and Alexander Hall contributed to this report.
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