Joe Biden Tries to Preempt More Bad News on Inflation

    0
    440

    “Tomorrow, we will get a report on consumer prices that experts expect to be elevated again,” Biden acknowledged in a statement about the economy.

    Economists are estimating consumer costs are expected to rise 0.7 percent from the previous month and hit a 6.7 percent jump from last year. That would be higher than the jump in October, which hit a record high of 6.2 percent, the highest jump since 1990.

    Biden’s statement argued that the information in the CPI scheduled for release on Friday would already be outdated, noting a slight drop in gas prices and a drop in “wholesale” used auto sales.

    “The information being released tomorrow on energy in November does not reflect today’s reality, and it does not reflect the expected price decreases in the weeks and months ahead, such as in the auto market,” he wrote.

    Trump’s Secret Legacy Is Set To Create Small Fortunes!

    Developing Story - Trump administration oversaw a RADICAL change to the tech world… one that could unleash a huge wave prosperity… and wealth creation in the near future. Find Out More

    Find Out More

    Biden argued that more federal spending on entitlements for Americans would help them deal with inflation, specifically pointing to his $1.75 trillion Build Back Better Bill.

    “Let’s talk about inflation. It’s real. There is inflation,” Biden told an audience in Kansas City, Missouri, on Wednesday, in a speech promoting his agenda.

    Biden argued that redistributing wealth through higher taxes on the rich would help lower the cost of living for less-wealthy Americans.

    “What I proposed is, in a way, to lower some of the difficult costs families have to pay every month by asking corporations and the wealthiest Americans to pay their fair share for a change,” he said.

    Jeff Bezos’ Big Bet
    World’s 2nd-Richest Man’s Latest Bombshell

    The fuse has already been lit... and on March 9th I believe he’ll reveal a few more details. If you missed out on taking advantage of the Amazon success story... don’t miss out again. Find Out More

    Find Out More

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here