Staff Reports
Last week, President Joe Biden took to his personal social media account, X, to spread some misinformation about the economy. It seems like the president, or whoever is behind these posts, is unfazed by reality checks from Community Notes. Over the weekend, Biden’s official account fired off another misleading post, this time about inflation. The post claimed that inflation was at 0% last month and that the economy grew by more than 5% last quarter, all while referencing his failed economic plan, “Bidenomics.”
Biden Faces Community Notes Yet Again for Claim on Inflation
https://t.co/ohbNbvKaKl— Townhall.com (@townhallcom) December 5, 2023
But let’s break it down, shall we? Biden is referring to the PCE index, which should be at 2% according to the Federal Reserve. However, the PCE index is currently at 3%. And if we look at the more commonly referenced inflation index, the CPI, it shows an annual inflation rate of 3.2%. The sources behind these facts include prestigious organizations such as the Bureau of Economic Analysis, Forbes, the Federal Reserve, and the Bureau of Labor Statistics.
It’s clear that posts like these are nothing more than desperate attempts to manipulate the narrative and downplay the severity of inflation. Yes, inflation has come down slightly in recent months, but let’s not forget that it is still significantly higher than it was under former President Donald Trump’s administration. The U.S. Bureau of Labor Statistics reported that consumer inflation remained unchanged in October but is up 3.2% over the past 12 months. This is well above the Federal Reserve’s target inflation rate of 2%. Core CPI inflation, which excludes food and energy prices, also rose by 0.2% in October, resulting in a 4.0% annual increase.
It’s not surprising that the Biden White House has tried this 0% inflation claim before, as Press Secretary Karine Jean-Pierre attempted it back in August of last year. Clearly, their messaging is inconsistent and deceptive.
And let’s not ignore the fact that Biden’s economic claims are not resonating with the American people. According to RealClearPolitics, his approval rating is at a measly 40.1%. Specifically, his approval rating on the economy is even lower at 38.4%, and his approval rating on inflation is a dismal 35%.
The response to Biden’s post has been overwhelming, with over 19,000 replies calling out the flaws in his argument. Even members of Congress, like Senator Mike Lee, didn’t hold back in criticizing the president’s misleading statements.
It’s clear that Biden and his administration are desperate to divert attention from their failed economic policies. They are trying to convince the American people that everything is fine and dandy, but the numbers don’t lie. Inflation is still a major issue, and the American people are feeling the pinch in their wallets. It’s time for Biden to face the music and take responsibility for his economic blunders.
