Joe Biden can put on his happy face all he wants, but the numbers do not lie.
This month’s inflation numbers came in, and they were not good.
They were so bad, in fact, that the stock market tanked 1,200 points after the report was published.
Wrong Way, Joe
Inflation for August was 8.3 percent, far above what was expected.
While the number was down 0.2 percent overall from July, everything else about the report was negative.
Biden, of course, chose to look at the strawberries on the top of the flat, ignoring all the rotten ones hidden at the bottom.
While overall inflation may have ticked down, key household items have soared.
The CPI food index was up 11.4 percent, the most significant increase we have seen in 43 years!
Over the last 12 months, the prices of core goods have gone up 6.3 percent, up from 5.9 percent last month.
Housing, cars, medical care, and home furnishings have increased.
Yet, for some reason, Joe Biden thought it would be a good idea to throw an inflation reduction party at the White House.
He seems convinced that if he tells us something we will believe it is true.
He clearly is not seeing our bank statements that are all going the wrong way.
Source: New York Post
