Home Depot co-founder Ken Langone rips Biden's 'absurd' claim over inflation

President Biden makes second incorrect claim on inflation rate when he entered officeA prominent business leader and one of the Republican Party’s top donors didn’t mince words when reacting to President Biden’s now repeated, incorrect inflation claim.

"Why do liars lie? Because they lie. That's why you call them a liar," former Home Depot co-founder and CEO Ken Langone said Tuesday on "The Ingraham Angle."

"That's the most absurd remark in the world to say that inflation was 9% when he came in," he continued. "It was... 1.4%."

In a recent interview with Yahoo! Finance, Biden touted his administration’s "incredible" impact on U.S. jobs and the economy while admitting inflation has gone slightly up, "which was at 9% when I came in and is now down around 3%."


The U.S. Bureau of Labor Statistics reported in January 2021 — the same month as Biden’s inauguration — that the consumer price index (CPI) increased 1.4% year-over-year, thus serving as a

fact check on the president.

Ken Langone criticizes Biden inflation
Depot co-founder Ken Langone called President Biden a "liar" after his recent comments about inflation. (Fox News)
"How can you believe them? The numbers speak for themselves," Langone reacted. "Think of all of the other things he said that have no basis, in fact, none."
Biden made the same claim last week to CNN's Erin Burnett, who, like Yahoo! Finance, did not challenge him on the falsehood.

"No president has had the run we had in terms of creating jobs and bringing down inflation. It was 9% when I came into office, 9%," Biden previously told Burnett.

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