Final week Joe Biden informed People the inflation rate was at 0%.
This was a bold-faced lie. The present Biden inflation fee is at 8.5%. This can be a 40 yr excessive.
Joe Biden doesn’t care that he lies to you.
Biden: “Earlier than I start at present, I need to say a phrase in regards to the information that got here out relative to the economic system. I need to say a quantity. Zero. At the moment, we obtained information our economic system had 0% inflation within the month of July. 0%.” pic.twitter.com/wNfR8jRIQj
— Tom Elliott (@tomselliott) August 10, 2022
The faux information mainstream media didn’t hassle to right Outdated Joe.
A brand new report discovered that the Biden inflation is costing American households an additional $717 a month.
This can be a nationwide disaster!
That figures out to $8,607 per household, per yr!
BIDEN’S ECONOMY: Inflation is costing the common American a further $717 A MONTH. pic.twitter.com/HnvCXqgBGT
— RNC Analysis (@RNCResearch) August 15, 2022
FOX Business Network reported:
Even when costs stopped growing altogether, the inflation that already occurred between August 2021 and July 2022 would value the common American family an additional $8,607.
Scorching-hot inflation has created extreme monetary pressures for many U.S. households, that are pressured to pay extra on a regular basis requirements like meals and lease. The burden is disproportionately borne by low-income People, whose already-stretched paychecks are closely impacted by worth fluctuations.
Though American employees have seen robust wage positive aspects in latest months, inflation has eroded these solely. Actual common hourly earnings really decreased 0.5% in July from the earlier month when accounting for greater client costs, in keeping with the Labor Division. On an annual foundation, actual earnings really dropped 3% in July…
… President Biden – who has been on the defensive for months over skyrocketing costs – lauded the cooler-than-expected report as proof that inflation “could also be starting to reasonable,” However specialists have cautioned that inflation stays abnormally excessive and will take months, and even years, to return to pre-pandemic ranges.
