During his interview with Scott Pelley on 60 Minutes, President Biden was asked about the future of the American economy.

The president discussed how he has reduced the debt and plans on helping the “middle-class folks” in his interview on 60 Minutes.

“The annual inflation rate Mr. President as you know, last Tuesday, the annual inflation rate came in at 8.3%, the stock market nose-dived, people are shocked by their grocery bills. What can you do better and faster?” asked Pelley.

“Well, first of all, let’s put this in perspective. Inflation rate month to month is up by just an inch. Hardly at all.”

“You’re not arguing that 8.3% is good news?” Asked Pelley.

“No! I’m not saying it is good news. But it was 8.2 before!” Biden responded. “I can make it sound like all of a sudden, MY GOD, it went to 8.2%”

Scott Pelley interrupted the President mid-sentence to tell him that “the United States is facing the highest inflation rate in 40 years.”

“I got that! But guess where we are. We’re in the position for the last several months, it hasn’t spiked, its been barely, it’s stayed basically even.”

“And in the meantime, we’ve created all these jobs, and prices have gone up, but they’ve gone down for energy.”

“The fact is, we’ve created 10 million new jobs since we’ve come to office,”says President Biden.

President Biden added, “We’re in a situation where, the unemployment rate, 3.7% is one of the lowest in history, we’re in a situation where manufacturing is coming back to the united states in a big way… ”

“And look down the road, we have massive investments being made in computer chips and employment….” says Biden.

Committee for a Responsible Federal Budget

“This is a process…” says President Biden.

“Is the economy gonna get worst before it gets better?” asked Scott Pelley.

“No, I don’t think so” responded President Biden.

We hope we can have a soft landing. A transition to a place where we don’t lose the gains that I ran to make for the middle class in the first place. Being able to generate good paying jobs and expansion, and at the same time make sure that we are able to continue to grow.”

“You would tell the American people that inflation is going to continue to decline?” asked Pelley.

“No. I’m telling the American people that we are going to get control of inflation.”

“Prescription drug prices will be a lot lower, healthcare costs will be a lot lower, their energy prices will be lower, they will be in a situation where they will be in control again.”

“I’m more optimistic than I’ve been in a long time,” says President Biden.

Scott Pelley then asked, “With the federal reserve rapidly raising interest rates, what can you do to prevent a recession?”

“Continue to grow the economy. We are growing the economy. It’s growing in a way it hasn’t in years and years.”

“We are growing entire new industries. Eight-five thousand new manufacturing jobs since I became President of the United States….” the President mumbled and slurred his words a bit.

“Continue to give hard-working people in terms of– We pay the highest drug prices in the world of any industrialized nation. Making sure that medicare can negotiate down those prices. ”

“We have reduced the debt,” Biden claims.

“We have reduced the deficit by $350 billion dollars my first year.”

“This year, it’s going to be over a trillion…500 billion dollars….reduce the debt,” mumbled Biden.

“…So to continue to put people in the position to be able to make a decent living and grow. and grow. And increase their capacity to grow.”

Do you think President Biden is being truthful?

How do you predict the future of our nation’s economy to turn out?

Tell us your thoughts on Twitter @valuetainmenttv

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