President Joe Biden and his administration want nothing more than to take credit for what corporate media spin as “decreasing” inflation, but the Bureau of Labor Statistics’ latest consumer price index indicates that Americans paid 3.7 percent more for basic consumer items in August than they did last year.
Overall, hardworking taxpayers shelled out 2.1 percent more dollars on electricity, 4.3 percent more on food, 3.1 percent more on clothes, and 7.3 percent more on shelter last month than in August 2022. Even compared to July 2023, prices across the board rose 0.2 percent.
The Biden administration, its allies in the corporate media, and “experts” often claim that inflation already “peaked” or is “cooling,” “easing,” “slowing,” “fell,” and went “down.”
“Americans feel better about their personal finances [because of Biden’s] policies,” White House Press Secretary Karine Jean-Pierre claimed in June.
Not only do they insist skyrocketing prices are “temporary” and “transitory,” but they’ve even manipulated the definition of recession to make their flailing economic track record look better.
Days before the latest CPI report debuted, Biden bragged on social media that his “Bidenomics” was working to “get inflation down.”
The president reassured Americans that the price increases they suffered over the summer “are signs our economic agenda is delivering.”
“You’ve brought the economy back,” CNN’s Fareed Zakaria told Biden in July.
CNN’s Fareed Zakaria to Pres. Biden:
“I think a lot of people do watch you and are impressed and they think you’ve been a
