Joe Biden’s America: The August inflation report was “ hotter than anticipated“
Inflation increased by 0.1% in August although gas rates dropped.
Food costs and shelter expenses are up.
” The customer rate index, which tracks a broad swath of items and services, increased 0.1% for the month and 8.3% over the previous year. Omitting unstable food and energy expenses, CPI increased 0.6% from July and 6.3% from the very same month in 2021.” CNBC reported
Joe Biden and Democrats are really preparing to commemorate their “Inflation Reduction Act” Tuesday at the White House.
What a joke.
This seeks Joe Biden and the Democrats blew another $700 billion in a ‘green energy’ costs and ridiculously called it the “Inflation Reduction Act” in August.
CNBC’s Rick Santelli tossed cold water on Slow Joe’s event.
Santelli stated, “it’s food that we need to focus on” after the food index increased 0.8% in August.
” Call an end to” Biden’s claims inflation is “moderating” Santelli stated on Tuesday early morning.
Santelli likewise blasted Joe Biden and the Democrats for investing more on trainee loan bailout, the CHIPS and Science act and the ‘green energy’ costs.
” The thing that truly troubles me with regard to inflation is everyone on this panel concurred months ago that a person of the factors inflation was high was the federal government costs and after we settled on that what did the federal government do? They invested more! Trainee loans– well-being in regards to the CHIPS Act! Looks like absolutely nothing is sinking in!” Santelli stated.
WATCH:
The post ” Call an End to” Joe Biden’s Claims Inflation is “Moderating”– Rick Santelli Goes Off After Inflation Rises in August (VIDEO) appeared initially on The Gateway Pundit
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