Posted on 10/28/2022 7:21:57 AM PDT by Red Badger
VIDEO AT LINK..............
President Biden said on Thursday that America isn't experiencing "record inflation anymore" amid an annualized 8.2% spike in prices.
Biden made the comments during an interview with NewsNation on Thursday night.
"You've referred to the midterm election as a choice, rather than a referendum. Given record inflation, why should voters chose Democrats?," Biden was asked.
"Because it's not record inflation anymore. I'm bringing it down. Look what we inherited. I inherited 6.5% unemployment, it's down to 3.5%. We lost hundreds of thousands of manufacturing jobs. We've created over 700,000 manufacturing jobs. Things are moving," Biden said. "As that [GDP] report showed, you have people who are now in a position where the combination of pay raises and job security, they're now better off, even with inflation than they were before it."
When Biden took office in January 2021, the consumer price index, which measures prices of everyday items such as gasoline, groceries and rents, was climbing at a 1.4% annualized basis.
In September, prices climbed by 8.2% on an annual basis.
When compared to last year, core prices, which exclude food and energy, rose at by 6.6%, the fastest rate since 1982.
September's consumer price index figures also show an increase of 0.4% in everyday goods, including groceries, rent and gasoline when compared to the previous month.
During a speech on Thursday, Biden also claimed that the price of gasoline was "over five dollars" when he took office, despite the actual average price of regular gasoline being $2.39.
"The most common price of gas in America is $3.39, down from over five dollars when I took office," Biden said. "We need to keep making that progress by having energy companies bring down the cost of a gallon of gas that reflects the cost of paying for a barrel of oil."
The national average price for a gallon of regular gasoline in the week ending Jan. 25, 2021, after Biden took office, was $2.39, according to data from the Energy Information Administration.
The national average price for a gallon of regular gasoline didn't hit $5 until June 2022, well over a year after Biden took office.
FOX Business' Megan Henney contributed to this report.
The facts on ‘Planet Democrat’. No other information required.
Hey. President Pinocchio said just yesterday that gas was $5.00 a gallon when he took office and is now down to about $3.00.
What inflation?
He’ll talk about ANYTHING to divert from his policy disasters.
And the chocolate ration was increased to 25 grams a week!
Brandon’s in charge, all is well.
Is there ANY main stream media calling him out on his millionth lie?
“Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.”
― George Orwell, 1984
How does “he” create 700,000 manufacturing jobs, but it is the “greedy oil companies” that create the $5.00 a gallon gas?
The idea that the FED can control the economy and inflation is a scam and has been since the FED’s first day.
What they want you to believe is that the very organizations that caused inflation know how or are willing to end it.
They either know not or do not want to.
Inflation is caused by one thing only and that is more money chasing less goods. Therefore the only sane way to reduce the cost of any product is to produce enough to meet demand.
Because energy is essential to all things material required by civilization, the first step must be to remove any and all government restraints on the production of energy, regardless of wheter it is fossil or other.
Note that industry can have safety restrictions that are not solely for the purpose of restraining production volume.
Because every product manufactured or grown by man is dependent on energy, the effect would be almost immediate.
Biden’s bringing down inflation? Does he do it everywhere else except where I live? Just wondering...
Only in his head........................
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