When The Facts And The Statements Just Don’t Agree

On Monday, Issues & Insights posted an article about a recent statement by Speaker of the House Nancy Pelosi. I am amazed when politicians make false statements that can be so easily checked. So in case you missed it, here is the statement and the actual facts.

The article reports:

For more than a year, Democrats have dismissed inflation, pointed the finger of blame at everyone but themselves, or tried to make it sound like we should be grateful because inflation “always happens” when the economy recovers.

Way back in June 2021, President Joe Biden said higher prices “were expected and are expected to be temporary” because, you see, “you can’t flip the global economics light back and not expect this to happen.”

The public never bought into this, but kudos to House Speaker Nancy Pelosi for sticking with the Big Lie. In that Oct. 18 interview, Pelosi says that Democrats need to focus on the fact that Biden “brought unemployment [down], cut it in half,” to explain why prices went up.

Pelosi’s been making this claim for a while. Back in February, she said: “The fact that people have jobs always contributes to an increase in inflation, and that’s a good thing.”

Is she right? Does inflation go up when unemployment goes down? Look at the four charts below and see for yourself. These show inflation rates during four sustained and strong drops in the unemployment rate over the past 40 years.

The article includes five charts:

How many voters who automatically vote for Democrats are aware of this information?