Biden Economic Advisors Continue To Gaslight Amid Disastrous Inflation Data
Apparently Historically High Inflation and Prices IS “progress”
Steve Watson
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:
Last inflation report before the midterms – 8.2% – full on disaster.
— Rob Schmitt (@SchmittNYC) October 13, 2022
Worst administration in history?
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
— zerohedge (@zerohedge) October 13, 2022
As the news hit home, stocks nosedived by 500 points:
JUST IN – US inflation hits 8.2% in September — hotter than expected. Core CPI surges to 6.6%, the highest since 1982.
US futures drop after inflation data. pic.twitter.com/HOgNkaUmHt
— Disclose.tv (@disclosetv) 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:
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— Ryan Struyk (@ryanstruyk) October 13, 2022
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:
BIDEN: “Today’s report shows, though, some progress” on inflation.
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
— RNC Research (@RNCResearch) October 13, 2022
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.”
Electricity prices are up 15.5%. pic.twitter.com/dehoaMUS7u
— RNC Research (@RNCResearch) October 13, 2022
— RNC Research (@RNCResearch) October 13, 2022
Of course, the worse is yet to come:
Even using these manipulated govt statistics, you can see that w/ a Federal Funds Rate of 3.25 percent, we still have a real interest rate of -5 percent — negative rates exacerbate, not mitigate, inflation.
Biden’s inflation crisis is still in its early innings. https://t.co/5f7VNcph9Z
— Tom Elliott (@tomselliott) October 13, 2022
Americans face “record pain” as Bidenflation puts a squeeze on holiday budgets:
🍭 Candy up 34%
🦃 Turkey up 20%
🥚 Eggs up 27%
🧈 Butter up 25% pic.twitter.com/tJCYL5zSs5— RNC Research (@RNCResearch) October 13, 2022
A new trillion $ spending bill should solve this https://t.co/FoePOQPjaZ
— Tom Elliott (@tomselliott) October 13, 2022
Biden aides also spent yesterday bragging about his improving approval rating, which is still historically low:
— Ronald Klain (@WHCOS) October 13, 2022
Good morning!
We start today with @POTUS at his highest job approval of the year on @FiveThirtyEight. #Bidenrising pic.twitter.com/3Yr0mhkCUR
— Simon Rosenberg (@SimonWDC) October 13, 2022
Approval of Biden’s handling of the economy and inflation stand at a paltry 36 percent and 32 percent respectively.
🚨 Biden approval ⬆️ but Americans still concerned about the economy per @CNN poll via @thehill 👇🏽 https://t.co/yZbmvnQ31c
— 𝙺𝚛𝚒𝚜𝚝𝚘𝚏𝚎𝚛 𝙴𝚒𝚜𝚎𝚗𝚕𝚊 (@kriseisenla) October 12, 2022
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WOW …. A lot of Gas used to keep that flame burning!! (TLB) ed.
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(TLB) published this article from Summit News
Header featured image (edited) credit: Flag/economic data graph/Getty Images/ ronniechua
Emphasis added by (TLB) editors
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they actually showing the addage “Tell BIG LIES, repeat them often” to get people to fall for them isn’t fool-proof. Some fools are finally taking the RED PILL. Some LIES are just too big for people to not grasp their own eyes are indeed not deceiving them and the Leaders are FULL OF S*** and maybe, JUST MAYBE, awaken them enough to CHANGE THEIR VOTING BEHAVIOUR to hold some of them accountable for a change.