Either they are out to absolutely outright lie to us or we have a significantly incompetent POTUS
On this one he is “technically” right…month over month number was 0 and he does specify for july. Im the last person to defend this idiot but the criticism on this one is off. At worst its cherrypicking - the number is typically quotes in yoy terms, but not wrong.
Either they are out to absolutely outright lie to us or we have a significantly incompetent POTUS
Of course I do not think the govt even includes price of food in the inflation stats and there was a significant increase in July. We all know that China Joe and the lying libs are full of SH*tOn this one he is “technically” right…month over month number was 0 and he does specify for july. Im the last person to defend this idiot but the criticism on this one is off. At worst its cherrypicking - the number is typically quotes in yoy terms, but not wrong.
the real story though is this is a pyrrhic victory…what infl number really saying is the economy has been crushed by inflation and rate hikes and a steep recession is on the horizon.
Utility Delinquencies – as reported by Bloomberg News, in a rare moment of honesty for a legacy media platform, an astounding 20 million American households are currently behind in paying their Utility bills. 1 in 6 households, in this land of abundance, cannot afford the simplest, most basic necessity of paying for power in their homes.
The article predicts “a tsunami of shutoffs” as the pandemic moratorium on disconnections of service expires across the country.
White House Press Secretary Karine Jean Pierre boasts that the America is “economically stronger” than ever, so why can’t these citizens afford power? Well, the answer largely lies in the explosion in electricity prices under Biden. Amidst of a sea of soaring overall inflation, this particular price surge crushes working-class people. July saw a 15% annualized increase in electricity rates, the highest acceleration since 2006. See this chart on electricity costs under Trump vs. Biden.
He was quoting cpi which does include it, though i believe they have some autonomy over the basket measured but not entirely sure. If i remember right they use prices on something like 100k goods and sector them and then weight it. Core inflation is what economists prefer that excludes food and energy because theyre volatile. Also pretty significant part of most budgets but big E economists are mostly idiots for a reason. Anyways my point was only to say by month over month inflation growth was 0…because its technically right to say that didnt want to see anyone get put on a poster for calling it out. I hate being wrong haha, didnt want to see anyone fall into that trap. But him saying it that way is disingenuous…its still increasing at 8.5% year over year. And it slowing is just demand being crushed by sustained inflation and rising rates so its not exactly the w theyre selling it as. The economy rolling over as hard as its looking wasnt the soft landing jpow had in mindOf course I do not think the govt even includes price of food in the inflation stats and there was a significant increase in July. We all know that China Joe and the lying libs are full of SH*t
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Increase in food prices is highest since 1979
The cost of food continues to rise to levels not seen in decades. Prices for cereal, eggs and flour see double-digit increases.money.yahoo.com
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Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit
Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month.www.cnbc.com
Funny. And yet inflation drops, gas prices drops, Biden's approval rises, as does the likelihood that dems maintain the senate.
Not now chief killary struck again!
Also pro tip inflation dropping is just the economy rolling over … but … success??
As predicted. When inflation goes up, it is all Biden's fault!
When inflation drops, nothing to do with Biden.
They cant talk about policy because it sucks so bad they cant defend it. Instead they will do childish attacks by calling you names or mocking you or gaslight you. All right out of the Saul Alinsky playbook...They have woke ideology as their top policy, not success of the country. He is correct.
Per Larry Kudlow on Hannity the US is producing almost 3 million barrels a day LESS of oil than under the Trump admin. No justification for this.
This is damning data against the current clown admin.