As fresh economic data revealed inflation has risen yet again to record highs, Biden economic advisors claimed that the data highlights “progress” and a “strong” economy.
The September inflation rate was clocked at 8.2 percent, while the Core CPI surged to 6.6 percent, the highest rate for four decades.
According to the Bureau of Labor Statistics, the producer price index (PPI) increased by 0.4 percent, double what had been estimated since the passing of the ‘Inflation Reduction Act’.
“Excluding food, energy and trade services, the index rose 0.4 percent for the month and 5.6 percent from a year ago,” CNBC reported:
Check out some of the numbers highlighted across Twitter. There is no way that these numbers could possibly construed as anything other than a complete and total disaster.
There is no explanation for these advisors. They have to know exactly what they are doing.
Last inflation report before the midterms – 8.2% – full on disaster.
— Rob Schmitt (@SchmittNYC) October 13, 2022
Worst administration in history?
— zerohedge (@zerohedge) October 13, 2022
Real wages under Biden have declined for a record 18 months. This means that US incomes have been below inflation since the start of 2021 pic.twitter.com/TRC4aBF2QU
As the news hit home, stocks nosedived by 500 points. Participants in the American Economy are showing their lack of enthusiasm when it comes to the Biden Economy.
Inflation-adjusted average weekly earnings under Biden. pic.twitter.com/T2f3YWR0Hk
— Phil Kerpen (@kerpen) October 13, 2022
Inflation-adjusted average weekly earnings under Biden. pic.twitter.com/T2f3YWR0Hk
— Phil Kerpen (@kerpen) October 13, 2022
Annual inflation via BLS just out:
— Ryan Struyk (@ryanstruyk) October 13, 2022
42.9% airline fares
33.1% utility gas
30.5% eggs
18.2% gasoline
17.2% chicken
15.7% coffee
15.2% milk
14.7% bread
10.1% furniture
9.2% vegetables
8.2% all items
8.2% fruit
8.1% ham
7.6% women apparel
7.2% used cars
6.7% rent
3.7% men apparel
A slight decline in overall inflation is likely due to a minor decline in energy costs, yet they are still up 19.8 percent year-on-year compared to 23.8 percent in August, according to the BLS.
Food costs remain historically high, with the overall food index falling slightly to 11.2% annually, down from 11.4% in August.
The Biden administration seized on those ‘reductions’ to gaslight:
WH Chief Gaslighter @BrianDeeseNEC on accelerating inflation: “We’re making progress … We just have to – we just have to stay at it. We have policies that are going to make a difference. We have policies that have already made a difference. We just have to stay the course” pic.twitter.com/3Rc3ZdIwEy
— Tom Elliott (@tomselliott) October 13, 2022
WH Deputy Vice Gaslighter @CeciliaERouse on the shrinking economy & historic inflation: “Our economy is strong, it’s resilient” pic.twitter.com/l31D3qjuD5
— Tom Elliott (@tomselliott) October 13, 2022
Biden Economic Advisor Cecilia Rouse says she takes “comfort” in workers’ average hourly wages ticking “down” pic.twitter.com/Tpi0EW2Beg
— RNC Research (@RNCResearch) October 13, 2022
Biden himself repeated the “progress” talking point. Talking points rooted this deeply in lies are dangerous. What is almost more shocking is the fact that anybody is fooled by them.
How lost the Biden supporters (if they actually exist) must be.
BIDEN: “Today’s report shows, though, some progress” on inflation.
— RNC Research (@RNCResearch) October 13, 2022
FACT CHECK: Core inflation increased at the highest rate since 1982. The consumer price index has been at or above 5% for 17 straight months. pic.twitter.com/3lkIEFQpZz
Biden also declared that inflation will “get worse” if Republicans win in the midterms:
WATCH: The Biden administration has spent 18 months LYING about inflation.pic.twitter.com/xd8uDqvDoi
— RNC Research (@RNCResearch) October 13, 2022
Inflation will get worse regardless of who wins because you can’t put the genie back in the bottle. But if there’s one thing Democrats have proven themselves masters at, it’s making bad situations infinitely worse. https://t.co/3u62f6EGkG
— Tom Elliott (@tomselliott) October 13, 2022
Biden yells about “savings on your utility bills.”
— RNC Research (@RNCResearch) October 13, 2022
Electricity prices are up 15.5%. pic.twitter.com/dehoaMUS7u
— RNC Research (@RNCResearch) October 13, 2022
Biden aides also spent yesterday bragging about his improving approval rating, which is still historically low. While Americans continue to suffer, the Biden White House is bragging about some of the worst polling numbers ever recorded.
— Ronald Klain (@WHCOS) October 13, 2022
Good morning!
— Simon Rosenberg (@SimonWDC) October 13, 2022
We start today with @POTUS at his highest job approval of the year on @FiveThirtyEight. #Bidenrising pic.twitter.com/3Yr0mhkCUR
Approval of Biden’s handling of the economy and inflation stand at a paltry 36 percent and 32 percent respectively. We must ask ourselves, who in the hell is in that 36%?
You would have to be completely brain dead to view this Biden Administration as anything but a total failure. Americans are suffering.
Worst yet, the Republicans seem to be doing nothing. Besides select members of the populist elements of the Party, no action is being taken to remove Biden.
Who will fight for us in Washington D.C.?
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