During an event promoting his astronomically exorbitant infrastructure bill in Baltimore on Wednesday, decrepit puppet President Joe Biden conceded that inflation was a problem, three months after dismissing it as temporary.
“Everything from a gallon of gas to loaf of bread costs more,” Biden acknowledged. “And it’s worrisome, even though wages are going up.”
That wasn’t his position in July, when he dismissed rising costs and inflation as temporary and nothing to worry about. “Some folks have raised worries that this could be a sign of persistent inflation. But that’s not our view,” he said at the White House on July 19. “Our experts believe and the data shows that most of the price increases we’ve seen are, were expected and expected to be temporary.”
Breitbart News reports that in July, the annual inflation rate was 5.4 percent after it hit five percent in May, and 5.4 percent in June. The annual inflation rate was still at 5.3 percent in August and 5.4 percent in September. In October, the inflation rate hit 6.2 percent, up 0.9 percent from just a month earlier marking it as the highest rate since November 1990.
Biden tried to argue that this was somehow proof that his policies were working. “Because of the strength of our economic recovery, American families have been able to buy more products,” he said.
Even some in his own party have a more realistic perspective than Biden’s. “By all accounts, the threat posed by record inflation to the American people is not ‘transitory’ and is instead getting worse,” Sen. Joe Manchin (D-WV) said in a statement. “From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day.”