Good News: ‘We had ZERO percent inflation’: Biden dazed and confused after July 8.5% inflation rate announced

The Labor Department released the inflation report Wednesday and while any fair-minded person can tell the economy is far from looking up, President Joe Biden has well and truly embraced Orwellian dystopian doublethink and, instead of saying “2+2=5,” declared 8.5 equals zero.

While holding a ceremony Wednesday to sign the PACT Act that, in part, addresses the healthcare needs of veterans who suffered illness or injury from exposure to burn pits, Biden attempted to draw a win on the consumer price index (CPI) coming in at 8.5 percent for the month of July. That number was indeed a drop from the year-to-year metric that marked a 40-year high in June at 9.1 percent, but it was also a far cry from what the president claimed.

“Before I begin today, I want to say a word about the news that came out relative to the economy. Actually, I just want to say a number. Zero,” he boasted. “Today, we received news that our economy had zero percent inflation in the month of July. Zero percent.”

“Here’s what that means: While the price of some things go up–went up last month–the price of other things went down by the same amount. The result,” Biden claimed, “zero inflation last month.”

According to Fox Business, the reported 8.5 percent was 0.2 percent lower than forecasts had predicted for July, but core prices still rose 0.3 percent to 5.9 percent over the previous year.

As depicted in a chart from the Bureau of Labor Statistics, CPI has spiked since Biden took office and the slight decline will likely barely register with consumers whose real average hourly earnings dropped 0.5 percent in July from June and 3 percent on an annual scale despite the president’s claim of increased wages.

'We had ZERO percent inflation': Biden dazed and confused after Jul...

.

Kamala Harris: “Today, we learned that last month our economy had zero percent inflation. In July, we saw a drop in gas prices and a range of other goods, like clothing and airfares and household appliances.”

The Hill on Twitter: ".@VP Kamala Harris: “Today, we learned that l...

Views: 162

Reply to This

Replies to This Discussion

Can anyone anywhere name one thing that REALLY WENT DOWN, going from 2$ to 5$ then down to 4$ doesn't really count as going down or is this some more of that modern renaming and playing pretend that seems to be trending .

Steve

It must be true Joe said so.  lol

“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.” ― George Orwell, 1984

One month of necessities rising and some non-essentials going down in price from all-time highs and they're all on board with this nonsense.

RSS

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

cheeki kea commented on Sandy's photo
Thumbnail

FB_IMG_1711502430662

"( sadly ) The unvaccinated sportsman or woman has an ( unfair ) advantage on the field or water…"
32 minutes ago
cheeki kea favorited Sandy's photo
1 hour ago
cheeki kea commented on Doc Vega's blog post Was Sabotage or Terrorism used in the Collapse of the Francis Scott Key Bridge?
" Oh Wow Terrorism!/sabotage? Are you sure you want to know more prey tell. Could be a rabbit…"
1 hour ago
Less Prone commented on Doc Vega's blog post Was Sabotage or Terrorism used in the Collapse of the Francis Scott Key Bridge?
"Perfect for destroying the supply chain. It could well have been intentional."
16 hours ago
Less Prone favorited Doc Vega's blog post Was Sabotage or Terrorism used in the Collapse of the Francis Scott Key Bridge?
16 hours ago
Doc Vega posted blog posts
18 hours ago
rlionhearted_3 posted photos
21 hours ago
rlionhearted_3 favorited Doc Vega's photo
21 hours ago
tjdavis posted a video

Alabama’s Biggest Secret - Operation Paperclip 🇺🇸

In the north of Alabama is the city of Huntsville. It's here where German scientists built NASA in secrecy after World War II. Operation Paperclip is still s...
yesterday
tjdavis posted a photo
yesterday
Doc Vega commented on Doc Vega's blog post Americans You’re Being Squeezed Out!
"Cheeki kea always nice to her you chime in and you're damn right! "
yesterday
Doc Vega commented on Doc Vega's blog post Americans You’re Being Squeezed Out!
"Les Prone thanks for your support Dude! "
yesterday
Doc Vega posted a photo

The inconvenient truth

Trump spells it out!
yesterday
Sandy posted a photo
Wednesday
Less Prone favorited Doc Vega's blog post What Made the Founding Fathers of America so Brilliant?
Tuesday
Less Prone commented on Doc Vega's blog post Why didn't the Archeological World Announce Proof that Jesus Lived?
"Motives of Joe, to shit in the well by showing totally irrelevant proof?"
Tuesday
Doc Vega commented on Doc Vega's blog post Why didn't the Archeological World Announce Proof that Jesus Lived?
"Less, Motives of Wyatt or Joe? What archeologist wouldn't want proof of Jesus as part of his…"
Tuesday
Doc Vega commented on Doc Vega's blog post Why didn't the Archeological World Announce Proof that Jesus Lived?
"Less Prone, Considering Joe Rogan to be the gatekeeper of anything is just short of ridiculous the…"
Tuesday
Doc Vega posted a blog post
Tuesday
MAC posted a video

Don't Go To Hong Kong Now (Even on Connecting Flights)

Secure your privacy with Surfshark! Enter coupon code laowhy86 for an extra 3 months free at https://Surfshark.deals/laowhy86Article 23 in Hong Kong is real,...
Tuesday

© 2024   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted