Posted on 08/10/2022 9:12:40 AM PDT by Red Badger
- The Washington Times - Wednesday, August 10, 2022 President Biden said Wednesday’s Labor Department figures showing unchanged price increases for July and a cooling annual inflation rate offer proof that his economic plan “is working.”
Last month’s annual inflation rate of 8.5% is still elevated, but lower than the 41-year high of 9.1% reached in June.
“Today we received news that our economy had 0% inflation in the month of July,” Mr. Biden said in remarks at a bill-signing ceremony at the White House. “When you couple that with last week’s booming jobs report of 520,000 jobs created last month and 3.5% unemployment, it underscores the kind of economy we’ve been building.”
Mr. Biden said despite improving economic data, the U.S. economy still faces headwinds.
“I want to be clear, with the global challenges we face from the war in Europe to disruption of supply chains and pandemic shutdowns in Asia, we could face additional headwinds in the months ahead,” Mr. Biden said. “Our work is far from over.”
The “core” consumer price index continues to run at 6.8% over the past three months, a rate considered to be too hot by economists.
The Federal Reserve has raised interest rates several times this year to bring down inflation and is considering another rate hike at its next meeting in September.
(Excerpt) Read more at washingtontimes.com ...
New math. 8.5% = 0.
“For, after all, how do we know that two and two make four? Or that the force of gravity works? Or that the past is unchangeable? If both the past and the external world exist only in the mind, and if the mind itself is controllable – what then?”
― George Orwell, 1984
Be assured, this is coming from the same dementia-ridden mofo who would openly and proudly claim the his policies worked in destroying America cause invariably, such a dementia-ridden mofo would see such a destruction as paradise.
Now the White House has joined the CNN “Fake News” network.
That and the fact that they do a wonderful job manipulating the masses and controlling the narrative.
They’ve been able to condition the people into thinking that the price of gas going down .30 is a great thing. Forget about the fact that it’s still more than double what it was this time, 2 years ago.
“Hey, the only kicked me in the nuts 12 times, instead of 15. Life is great.”
Nothing but good news for the RAT bastards from their toads in the “media” from here until election day. Sorry, Republicans but the RAT “media” still has to dump bad news on the ignorant and idiots that watch TV news.
People and their spending habits are adjusting. The same way they did to Soetero’s disastrous policies.
Folks figure out a way. Always will.
I beg to differ and I call biden a liar. I went to the grocery store this week
That’s not zero percent inflation. 8.5%. It’ll be fun to watch the aging postmenopausal matrons on the View claim that inflation is at 0%.
2 + 2 = 5.
A man can become a woman.
A woman can become a man.
Black is white.
Up is down.
Yes agree with all.
Senile
Fake news
Worst POTUS ever.. has anyone seen the “Dark Brandon” memes from leftists yet? They never cease to amaze me.
But it's like the flooding we had in St. Louis. Let's say one month, there was 9.1 feet of water that got into your house. The next month, only 8.5 feet of water got into your house.
You're still getting flooded!
War is peace.
Freedom is slavery.
Ignorance is strength....................
YAY! i am going to add this “savings” to the 16 cents from last summer and the “savings” from lower gas prices
but somehow when i add up all my “savings” i still cant pay my bills
This is like putting one foot in a bucket of hot coals and the other foot frozen solid in a bucket of ice.
On ‘average’ you are perfectly okay, but you have lost both your feet!..........................
Common core math: 8.5% last month, 8.5% this month.
Question how much inflation today?
Biden: 8.5% - 8.5% = 0%. A: There is no inflation anymore.
As will half of all Americans.
So the ship is only taking on water at a slightly slower rate than last month.
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