Biden Slammed for Claiming US Economy Had 0% Inflation in July — One Lawmaker Calls It 'Sad and Dangerous' – Economics Bitcoin News

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President Joe Biden stated that the U.S. economy had 0% inflation in July. 'Clearly, he hasn’t bought any food or filled up a gas tank,' one lawmaker said. CPI

“Biden is claiming that we saw zero percent inflation last month. But there’s a zero percent chance that’s the case. Inflation in July was 8.5%, which is still a 40-year high,” said a lawmaker.On Wednesday, President Joe Biden publicly stated that the U.S. economy had 0% inflation in July after the latest consumer price index “Before I begin today, I want to say a word about the news that came out today relative to the economy,” Biden began. “Actually, I just want to say a number: zero.

Today, we received news that our economy had zero percent inflation in the month of July. Zero percent. The White House press secretary, Karine Jean-Pierre, similarly stated on Twitter: “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.”

Comments flooded social media platforms following Biden’s zero percent inflation claim. Some gently explained to him that inflation is not 0% while others flat-out insulted the U.S. president.Biden is claiming that we saw zero percent inflation last month. But there’s a zero percent chance that’s the case. Inflation in July was 8.5%, which is STILL a 40-year high.Biden’s zero percent inflation claim “a bogus math trick,” noting: “This is the overall one-month index change.

We’re more than 4X the normal rate of inflation, and the White House spin is, ‘Look everybody! Zero percent last month!’ Such B.S.: “Lies, damn lies and statistics. Inflation is UP 8.5% year over year. Today’s number is all gas, the demand for which has come down to levels not seen since 2020 lockdowns … food is still up 10.9% year over year. Folks can cut road trips, not food.

Source: Digital Coin News (digitalcoinnews.net)

 

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When you used to see well but now you just look

Loooool🤪 I don't take him seriously anymore

wtf 😂😂😂

WTH

Oh God How does this granda state anything... I mean you have to get any power or energy to do that Okey bring him glasses seems to be missed smth in reading analitics docs inflation CPIdata

Just ask him what is the price of Onions and Potatoes? He will be definitely go Brain Fade ! He would be like 'What are these things' Is that a new Crypto Currencies?😂🤪😬

Indepărtați L urgent de la putere până nu e prea târziu

QANplatform

That’s my president! The talking version of the stumbling President Ford!

Biden forgot what inflation is...

Poor someone who think they are living in no1 country =)). With 1000 usd a month, a family in 3rd country, they can pay living costs and also save some money.

LMAO people are exploiting uniswap! ….

This is great. It's cool that people started spending $usdt on bitcoin after that.

🤣🤣🤣🤣🤣

Food actually inflated too!! But the net number eased…but not zero 🤣🤣

🤣🤣🤣🤣🤣

Zero percent is not a truth , this report saying

It's just the start. They will soon push the narrative that Inflation has been beaten

Biden is weapons dealer. He wants to grow America by selling weapons 🧐🧐🧐

Every single person should cover this on twitter

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