According to Breitbart News, President Joe Biden on Friday “misleadingly claimed” that inflation has “come down.”
We have seen and heard a lot of absurd things from the Biden administration. But, this is next-level absurdity: trying to convince Americans that the suffocating inflation that they have been dealing with is not as bad as it seems.
“It’s come down”
Biden claimed that “core inflation” has “come down” during a speech that he gave on Friday morning at the Port of Los Angeles.
“Inflation outside of energy and food, what the economists call core inflation, moderated the last two months,” Biden said. “Not enough, but it moderated, it’s come down, and we need it to come down much more quickly.”
Biden, here, was reacting to the latest consumer price index report for the month of May, which the Labor Department released on Friday morning.
That report indicates that prices, overall, rose, year-over-year, to 8.6% during May. That is a 41-year high.
Looking specifically at core inflation, prices increased six percentage points from where they were a year ago. And, they increased 0.6% from where they were last month.
This 0.6% is the same month-over-month percentage as April. And, it is this lack of change that Biden tried to use to argue that inflation has “moderated” – a claim that no financially struggling American is going to accept right now.
Currently, after getting hammered in the polls over the appalling condition of the U.S. economy, Biden and his administration are trying to convince Americans that the economy is in better shape than it seems. Friday’s speech was clearly part of this campaign.
Besides trying to claim that inflation isn’t as bad as it seems, Biden also made several other dubious claims. For example, he claimed that the job market was the strongest it has been since World War II, “notwithstanding the inflation.”
Biden also claimed, “since I took office, families are carrying less debt on average in America, they have more savings than they’ve had.”
One thing to notice is that what Biden and his administration are not doing is offering a plan to deal with the country’s economic troubles. No, instead, he is blaming the problem on others and trying to convince Americans that the problem isn’t that bad. We’ll see how this strategy works out for him and his fellow Democrats in the upcoming midterm elections.