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.
(Video: C-SPAN)
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.
(Image: Bureau of Labor Statistics)
White House press secretary Karine Jean-Pierre affirmed this talking point wasn’t just another gaffe from Biden, but rather the approved narrative the administration was moving forward with posting on social media, tweeting, “We just received the news that our economy had 0% inflation in July. While the price of some things went up, the price of others, like gas, clothing, and more, dropped.”
We just received news that our economy had 0% inflation in July. While the price of some things went up, the price of others, like gas, clothing, and more, dropped.
— Karine Jean-Pierre (@PressSec) August 10, 2022
Gasoline prices may have fallen 7.7 percent in the month of July, but they are still up 44.9 percent from the year before. That reality didn’t stop Jean-Pierre from once again boasting of the “breathing room” that Biden’s economic policies were bringing Americans that were now saving “$106 per month on average” for families with two cars without acknowledging the hundreds of dollars more that was being spent as she made the false claim that “real wages went up.”
What’s more: Real wages went up for the first time in almost a year. But we know we have more work to do.
Congress should send the Inflation Reduction Act to President Biden’s desk as soon as possible, to lower health care, prescription drug, and energy costs.
— Karine Jean-Pierre (@PressSec) August 10, 2022
The administration was rightfully slammed for pushing the propaganda that saw food prices reach a 12-month increase of 10.9 percent, the highest since May 1979, as signs of improvement. Ned Ryun, senior fellow at American Greatness, summed up the president’s remarks on Twitter.
“New Leftist math: 8.5% inflation in July in fact equals 0. I mean, why not? Let’s redefine woman, recession, the very meaning of definition while we’re at…Oh wait, they already did that…Maybe they could change definition of gravity and then jump out of a plane??”
New Leftist math: 8.5% inflation in July in fact equals 0. I mean, why not? Let’s redefine woman, recession, the very meaning of definition while we’re at. . . Oh wait, they already did that. . . Maybe they could change definition of gravity and then jump out of a plane?? https://t.co/WpBHSpwlaw
— Ned Ryun (@nedryun) August 10, 2022
BlazeTV host and executive producer for “The Glenn Beck Program” Stu Burguiere put Biden’s notion of zero inflation in real numbers to show the burden Americans are dealing with that the president is lauding: “Something that cost: $100 in July 2020…was $105.40 in July 2021…is $114.36 in July 2022. This is the ‘0% inflation’ Biden is bragging about today.”
Something that cost:
$100 in July 2020…
was $105.40 in July 2021…
is $114.36 in July 2022.This is the "0% inflation" Biden is bragging about today.
— Stu Burguiere (@StuDoesAmerica) August 10, 2022
Others were quick to join in against the president’s outlandish claim.
“Remember that inflation business we had no control over… well, it’s solved thanks to us”
— Chad West (@Chad_WestReal) August 10, 2022
oh that’s great since we’re doing so well tell me why I can’t afford food, gas and energy.
— RAID !!!! (@JayPony1) August 10, 2022
My trash and recycling pickup one year ago—$95.83 for 3 months. Now—$115.09, 20% increase. I didn’t get a 20% raise.
— Lisa Lawhorn (@LisaML51275) August 10, 2022
investors be like: pic.twitter.com/ZO7Bq0fnro
— Puff (@PuffYatty) August 10, 2022
Another month of high inflation under Biden.
Overall CPI: +8.5% since last year
Gas: +44%
Fuel Oil: +75.6%
Meat, Poultry, & Fish: +9.3%
Milk: +15.6%
Eggs: +38%
Baby Food: +15%
Coffee: +20.3%
Public Transportation: +19%
Airline Fares: +27.7%
Real Average Hourly Earnings: -3%— Jacki Kotkiewicz (@jackikotkiewicz) August 10, 2022
Running with this “0% inflation” line when groceries, electricity, and rent are up while gas is down because demand is lower than it was at this point in *2020* is a bold strategy. https://t.co/3isHhkv9A3
— Noah Rothman (@NoahCRothman) August 10, 2022
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Native of Brooklyn, NY, Kevin Haggerty is a graduate of Hunter College where he studied Cultural Anthropology and Geography. An avid reader and truth seeker, he currently resides in Texas with his wife and their dog and, when he isn't researching current events and their impacts, you'll find him spending time with friends and family or working on his next novel.
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