Biden accuses U.S. economy of claiming 0% inflation in July – one lawmaker calls it ‘sad and dangerous’

President Joe Biden said on Wednesday that the U.S. economy had 0% inflation in July following the latest CPI report. “Biden claims zero inflation last month. ”

Biden’s Zero Inflation Comments and Answers

On Wednesday, President Joe Biden professed that the U.S. economy had 0% inflation in July after the latest Consumer Price Index (CPI) report was released.

“Before we start today, I want to say a few words about the news that came out today related to the economy,” Biden began. rice field.

Today we received news that our economy had zero percent inflation in July. zero percent.

White House press secretary Karine Jean-Pierre also tweeted: While some prices rose, prices of things like gasoline and clothing fell. ”

Biden has been criticized for claiming the U.S. economy experienced zero-percent inflation in July — one lawmaker calls it 'sad and dangerous'

Social media platforms were flooded with comments following Biden’s claim of zero inflation. Some gently explained to him that inflation is not 0%, while others completely insulted the President of the United States.

Rep. Mike Bost (Republican-Illinois) murmured:

Biden claims inflation was zero last month. But the chances of that happening are zero percent. His July inflation rate was 8.5%, his highest in 40 years.

American writer Jeffrey Tucker called Claiming Biden’s zero percent inflation was a “fake math trick,” he said: All in all, it means that a big drop in fuel oil and gas (following big increases in previous months) overwhelmed big gains elsewhere. ’” he added. But of course we don’t do that because it’s silly. The actual increase was 15.2%, calculated on a year-over-year basis. ”

Rudy Havenstein commented: “It is gaslighting at extreme levels, insulting, thoughtless and I don’t think it’s uneconomical to work.

Tricia Flanagan I have written: “The actual inflation rate for July was 8.5%, not ‘zero’, Joe. This basic economics misunderstanding is sad, misleading, and dangerous. ”

Senator Lindsey Graham (Republican-SC) commented:

What world does President Biden live in? Americans continue to suffer under Biden’s inflation. Clearly he hasn’t bought food or filled up his gas tank. Sad and dangerous.

California House Republican Leader Kevin McCarthy murmured: “President Biden just said, ‘Our economy had 0% inflation in July. Noting that, he emphasized: Even if he fails, Biden owes the American public the truth about inflation. ”

Rep. Ralph Norman (R-SC) teased A tweet by the White House press secretary on zero percent inflation said:

We’re over four times the normal rate of inflation and the White House spin is “Look guys! Zero percent last month! Such a BS

Fox Business Anchor David Asman Said: “Lies, damn lies and statistics. Inflation is up 8.5% year-on-year. Today’s numbers are all gas and demand for it has fallen to levels not seen since the 2020 lockdowns.” …Food is still up 10.9% year-on-year.People can travel less, not food.”

some people It pointed out If Biden believes there will be zero percent inflation, the Inflation Reduction Act and the $80 billion fund need not allow the Internal Revenue Service (IRS) to hire new agents.

Referring to the US government’s efforts to redefine the technical definition of the word “recession,” Editor-in-Chief Spencer Brown said: I have written:

The White House has already attempted to redefine ‘recession’ and now expects Americans to believe the 8.5% annual CPI figure reported in July was ‘zero inflation’. . unrealistic.

He said, “While the celebration of the Biden administration is built on the ignorance and sacrifice of Americans living paycheck to paycheck, the White House clearly knows what Americans are dealing with. No, I don’t care.”

What do you think of the 0% inflation comment by President Joe Biden? Let us know in the comments section below.

Kevin Helms

An Austrian economics student, Kevin has been an evangelist since he discovered Bitcoin in 2011. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

image credit: Shutterstock, Pixabay, Wiki Commons, Lev Radin

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