Biden Slammed for Claiming US Economy Had 0% Inflation in July — One Lawmaker Calls It ‘Sad and Dangerous’

President Joe Biden stated Wednesday that the U.S. system had zero percent ostentation successful July pursuing the latest CPI report. “Biden is claiming that we saw zero percent ostentation past month. But there’s a zero percent accidental that’s the case. Inflation successful July was 8.5%, which is inactive a 40-year high,” said a lawmaker.

Biden’s Zero Inflation Comment and Responses

On Wednesday, President Joe Biden publically stated that the U.S. system had 0% ostentation successful July aft the latest user terms scale (CPI) report was released.

“Before I statesman today, I privation to accidental a connection astir the quality that came retired contiguous comparative to the economy,” Biden began. “Actually, I conscionable privation to accidental a number: zero.” The president added:

Today, we received quality that our system had zero percent ostentation successful the period of July. Zero percent.

The White House property secretary, Karine Jean-Pierre, likewise stated connected Twitter: “We conscionable received quality that our system had 0% ostentation successful July. While the terms of immoderate things went up, the terms of others, similar gas, clothing, and more, dropped.”

Comments flooded societal media platforms pursuing Biden’s zero percent ostentation claim. Some mildly explained to him that ostentation is not 0% portion others flat-out insulted the U.S. president.

Rep. Mike Bost (R-IL) tweeted:

Biden is claiming that we saw zero percent ostentation past month. But there’s a zero percent accidental that’s the case. Inflation successful July was 8.5%, which is STILL a 40-year high.

American writer Jeffrey Tucker called Biden’s zero percent ostentation assertion “a bogus mathematics trick,” noting: “This is the wide one-month scale change. Overall that means that the large driblet successful substance lipid and state (following erstwhile monolithic monthly increases) swamped the immense increases everyplace else.” He added: “Using the aforesaid tactic, you could besides observe a one-month 19.2% summation successful electricity! But, of course, we would not bash that due to the fact that that’s dumb. The existent summation is 15.2% which we get from calculating twelvemonth implicit year.”

Rudy Havenstein opined: “For the president and others to publically assertion — with a consecutive look — that determination was ‘zero inflation’ past period is gaslighting astatine an utmost level, and insulting, and thoughtless, and I bash not deliberation it volition spell implicit good with non-ideologues.”

Tricia Flanagan wrote: “It’s really 8.5% ostentation successful July NOT ‘ZERO,’ Joe. This misunderstanding of basal economics is sad, misleading & dangerous.”

U.S. Senator Lindsey Graham (R-SC) commented:

What satellite is President Biden surviving in? Americans proceed to endure nether Biden inflation. Clearly, helium hasn’t bought immoderate nutrient oregon filled up a state vessel … How retired of interaction tin you be? Sad and dangerous.

California House Republican Leader Kevin McCarthy tweeted: “President Biden conscionable said ‘our system had zero percent ostentation successful the period of July.'” Noting that state terms is up 44%, airfare 27%, and groceries 13%, helium stressed: “While you proceed to wage for his failures, Biden owes the American radical the information astir inflation.”

Rep. Ralph Norman (R-SC) mocked the zero percent ostentation tweet by the White House property secretary, stating:

We’re much than 4X the mean complaint of inflation, and the White House rotation is, ‘Look everybody! Zero percent past month!’ Such B.S.

Fox Business anchor David Asman said: “Lies, damn lies and statistics. Inflation is UP 8.5% twelvemonth implicit year. Today’s fig is each gas, the request for which has travel down to levels not seen since 2020 lockdowns … nutrient is inactive up 10.9% twelvemonth implicit year. Folks tin chopped roadworthy trips, not food.”

Some radical pointed out that if Biden believes that determination is zero percent inflation, past determination is nary request for the Inflation Reduction Act and the $80 cardinal money to let the Internal Revenue Service (IRS) to prosecute caller agents.

Referencing the U.S. government’s efforts to redefine the method explanation of the connection “recession,” Townhall.com managing exertion Spencer Brown wrote:

The White House already tried to redefine ‘recession’ and present they expect Americans to judge that the 8.5% yearly CPI fig reported for July is ‘zero inflation.’ Unreal.

He described: “The Biden administration’s solemnisation comes astatine the ignorance and disbursal of Americans who are surviving paycheck-to-paycheck, but the White House intelligibly doesn’t cognize oregon attraction astir what the American radical are dealing with.”

What bash you deliberation astir the 0% ostentation remark by President Joe Biden? Let america cognize successful the comments conception below.