We know that Joe Biden’s administration has failed again and again. Perhaps his biggest blunder has been the economy. The man is clearly out of his depth, with no clue on how to deal with the supply chain, our energy section, and other shortages.
His aggressive socialist agenda, with massive government oversight, has left the economy in tatters. And now, we just learned that inflation only got worse over June.
Inflation in the United States, already at 40 year highs, rose to an annual rate of 9.1 percent in June, the Department of Labor said Wednesday. This is the highest rate since 1981.
Compared with a month earlier, the Bureau of Labor Statistics’ Consumer Price Index was up 1.3 percent.
Economists had expected CPI to rise at an annual rate of 8.8 percent, up from 8.6 percent in May. They expected a month-over-month increase of 1.1 percent. [Source: Breitbart]
Yep, inflation was worse than experts expected. Thanks to Biden’s terrible policies, Americans are watching their finances shrivel up. But if you were to ask Joe, those numbers aren’t even right!
President Joe Biden responded to news of inflation reaching a fresh four-decade high by arguing that the report is outdated…
“Energy alone comprised nearly half of the monthly increase in inflation. Today’s data does not reflect the full impact of nearly 30 days of decreases in gas prices,” he said in a statement, noting that gas prices have fallen by $0.40 since June. “Those savings are providing important breathing room for American families.” [Source: Daily Wire]
Once again, Biden is lying. He claims a minor decrease in gas prices (no thanks to him) has magically erased a year and a half of inflation. Inflation, we might add, that was triggered by his policies.
But this is nothing new for Joe. When bad news comes out, he immediately denies it. He pretends like it’s not true, as if that’s going to change it. Only later does he admit the facts are the facts but blames someone else.
He’s done that ever since his energy policies causes gas prices to skyrocket. He blamed Putin. He blamed the oil companies. He blamed gas stations. He even blamed Republicans, who do not have a majority in Congress.
But all that blaming doesn’t change the fact that Americans are hurting. This inflation needs to slow down or millions will suffer. Some families can’t even put food on the table or put gas in their cars.
And Biden is saying the numbers are out of date, like some kind of insane person.
What’s insane is that people still support this man and his morally bankrupt party.
Author: Bo Dogan