One Agency Is Melting Down Over Trump's Win
They Fell for It: Why a Conservative Podcast Is Making Fun of Axios...
CNN Reporter's Take on Trump Supporters and How They See the Network Is...
The One Line CNN's Scott Jennings Used to Shut Down a Testy Journalist
There Appears to Be a Planned and Organized Pogrom Happening in Amsterdam
Eric Adams Announces End to Controversial Program for Illegal Immigrants
'From the Jailhouse to the Texas House': Candidate Who Defied COVID Restrictions Wins...
KJP Pressed to Explain Biden's Past Rhetoric About Trump With His Post-Election Messaging
How Trump's Win Is Already Having an Impact on Illegal Immigration
Why Trump Won
Here's What Rashida Tlaib Was Posting About As Israelis Were Being Targeted In...
France's Largest Newspaper Had This to Say About Trump's Win
Donald Trump Just Won a Mandate. And It's Huge.
Restoration in Progress
The Aftermath
Tipsheet

Biden Cheers New Inflation Numbers as 'Progress'

(AP Photo/Evan Vucci)

President Joe Biden is attempting to spin new and horrendous inflation numbers as "progress."

"Today’s data show more progress in bringing global inflation down in the US economy.  Overall, prices have been essentially flat in our country these last two months: that is welcome news for American families, with more work still to do," Biden released in a statement Tuesday morning. "Gas prices are down an average of $1.30 a gallon since the beginning of the summer.  This month, we saw some price increases slow from the month before at the grocery store.  And real wages went up again for a second month in a row, giving hard-working families a little breathing room." 

Advertisement

"It will take more time and resolve to bring inflation down, which is why we passed the Inflation Reduction Act to lower the cost of healthcare, prescription drugs and energy. And my economic plan is showing that, as we bring prices down, we are creating good paying jobs and bringing manufacturing back to America," he continued. 

But what Biden says is insulting and untrue as grocery prices are up by 13 percent, along with all essential goods. 

Overall, the numbers came in hotter than expected and wage growth is negative. On average, gas prices when Biden took office were $2.39 per gallon. The "Inflation Reduction Act" doesn't reduce prices for American families, it makes them worse. Democrat Senator Joe Manchin admitted this fact after helping Biden and Majority Leader Chuck Schumer push it through. 

Advertisement

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement