President Joe Biden stated that the U.S. economy had 0% inflation in July. 'Clearly, he hasn’t bought any food or filled up a gas tank,' one lawmaker said. CPI
“Biden is claiming that we saw zero percent inflation last month. But there’s a zero percent chance that’s the case. Inflation in July was 8.5%, which is still a 40-year high,” said a lawmaker.On Wednesday, President Joe Biden publicly stated that the U.S. economy had 0% inflation in July after the latest consumer price index “Before I begin today, I want to say a word about the news that came out today relative to the economy,” Biden began. “Actually, I just want to say a number: zero.
Today, we received news that our economy had zero percent inflation in the month of July. Zero percent. The White House press secretary, Karine Jean-Pierre, similarly stated on Twitter: “We just received news that our economy had 0% inflation in July. While the price of some things went up, the price of others, like gas, clothing, and more, dropped.”
Comments flooded social media platforms following Biden’s zero percent inflation claim. Some gently explained to him that inflation is not 0% while others flat-out insulted the U.S. president.Biden is claiming that we saw zero percent inflation last month. But there’s a zero percent chance that’s the case. Inflation in July was 8.5%, which is STILL a 40-year high.Biden’s zero percent inflation claim “a bogus math trick,” noting: “This is the overall one-month index change.
We’re more than 4X the normal rate of inflation, and the White House spin is, ‘Look everybody! Zero percent last month!’ Such B.S.: “Lies, damn lies and statistics. Inflation is UP 8.5% year over year. Today’s number is all gas, the demand for which has come down to levels not seen since 2020 lockdowns … food is still up 10.9% year over year. Folks can cut road trips, not food.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
President Biden signs $280 billion microchip bill aiming to boost ailing US industryPresident Joe Biden gathered with congressional and business leaders Tuesday on the South Lawn of the White House to sign a massive, $280 billion bipartisan-supported bill aiming to reignite a U.S. microchip industry that's lost ground in a market now dominated by Asian manufacturers.
Read more »
Biden formalizes U.S. support for Finland and Sweden joining NATOPresident Joe Biden formally welcomed Finland and Sweden joining the NATO alliance Tuesday as he signed the instruments of ratification that delivered the U.S.'s formal backing of the Nordic nations entering the mutual defense pact.
Read more »
Biden signs $280B CHIPS act in bid to boost US over ChinaFlanked by scores of lawmakers, union officials, local politicians and business leaders, Biden feted the legislation, a core part of his economic agenda that will incentivize investments in the American semiconductor industry.
Read more »
Biden signs bill to boost US chip manufacturing to better compete with ChinaBiden signed the CHIPS Act, a $280 billion bipartisan bill to increase domestic high-tech manufacturing to boost U.S. competitiveness over China.
Read more »