Joe Biden and the Democrats on Tuesday celebrated the $740 billion Inexperienced New Deal absurdly named the “Inflation Discount Act” on the White Home.
Biden celebrated his Inflation Discount Act hours after a disappointing August inflation report.
The August inflation report was “hotter than anticipated.”
Inflation rose by 0.1% in August though fuel costs dropped.
Meals costs and shelter prices are up.
- The inflation price in August was 8.3% – up from July.
- Wages are down 2.8%
- Grocery-food costs surged 13.5% from final yr – largest spike since 1979!
- Power costs surged 15.8% – probably the most in over 40 years!
The Dow Jones tumbled greater than 1,200 factors and the S&P 500 fell more than 4% on Tuesday after the disappointing August inflation report and Joe Biden is on the White Home taking a victory lap.
Joe Biden took a victory lap on inflation whereas the market tanked on information of rising inflation.
Even CNN identified how ridiculous Joe Biden regarded and sounded at his celebration.
“There’s this unlucky break up display proper now with the Dow taking a complete beating…it feels prefer it’s laborious to be celebratory for some folks,” CNN mentioned.
WATCH:
CNN: “There’s this unlucky break up display proper now with the Dow taking a complete beating…it feels prefer it’s laborious to be celebratory for some folks.” pic.twitter.com/KOGbacKFhT
— RNC Analysis (@RNCResearch) September 13, 2022
