Inflation has suddenly disappeared! Nothing to see here!
The Daily Caller reported, that President Joe Biden claimed Wednesday that inflation “disappeared” in July despite data from the Bureau of Labor Statistics (BLS) showing an increase in core inflation
“Before I begin today I want to say a word about the news that came out today relative to the economy, actually I just want to say a number, zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.” The President said as he signed the PACT Act.
This was a blatant lie. Inflation continues to grow and prices continue to rise. Reckless spending from Democrats has only agitated the issue.
Biden went on, “Here’s what that means. while the price of some things went up last month, the price of other things went down by the same amount. The result is zero inflation last month.”
The economy under Joe Biden is barely keeping its neck above the water as the administration doles out seemingly unlimited money to foreign wars, nations, and failing social programs.