Last week Joe Biden informed Americans the inflation rate was at 0%
This was a bold-faced lie. The present Biden inflation rate is at 8.5%. This is a 40 year high.
Joe Biden does not care that he lies to you.
Biden: “Before I start today, I wish to state a word about the news that came out relative to the economy. I wish to state a number. No. Today, we got news our economy had 0% inflation in the month of July. 0%.” pic.twitter.com/wNfR8jRIQj
— Tom Elliott (@tomselliott) August 10, 2022
The phony news mainstream media did not trouble to remedy Old Joe.
A brand-new report discovered that the Biden inflation is costing American homes an additional $717 a month
This is a nationwide crisis!
That determines to $ 8,607 per household, each year!
BIDEN’S ECONOMY: Inflation is costing the typical American an extra $717 A MONTH. pic.twitter.com/HnvCXqgBGT
— RNC Research (@RNCResearch) August 15, 2022
FOX Business Network reported:
Even if costs stopped increasing entirely, the inflation that currently happened in between August 2021 and July 2022 would cost the typical American home an additional $8,607
Scorching-hot inflation has actually produced serious monetary pressures for a lot of U.S. homes, which are required to pay more daily needs like food and lease. The problem is disproportionately borne by low-income Americans, whose already-stretched incomes are greatly affected by cost variations.
Although American employees have actually seen strong wage gains in current months, inflation has actually worn down those totally. Genuine typical per hour profits in fact reduced 0.5% in July from the previous month when representing greater customer rates, according to the Labor Department. On a yearly basis, genuine profits really dropped 3% in July …
… President Biden– who has actually been on the defensive for months over increasing costs– admired the cooler-than-expected report as proof that inflation “might be starting to moderate,” But specialists have actually warned that inflation stays unusually high and might take months, or perhaps years, to go back to pre-pandemic levels.
The post More Lies: Joe Biden’s Magic 0% Inflation Is Costing American Families an Additional $717 a Month (Video) appeared initially on The Gateway Pundit
This article may have been paraphrased or summarized for brevity. The original article may be accessed here: Read Source Article.
