President Joe Biden appeared on CBS’ “60 Minutes” where he was asked about the United States economy, particularly inflation.
While his answers were generally incomprehensible, he essentially stated that inflation has flatlined and that the economy created all these jobs.
Huh?
In August, the consumer price index (CPI) came in at a higher-than-expected pace of 8.3%. The core inflation rate, which strips the volatile food and energy sectors, climbed to 6.3%.
He championed falling energy prices, but this has been become of declining demand at home and global recession fears that helped erase post-invasion gains for crude oil.
Look at electricity costs that have spiked 15%!
In addition, on the jobs issue, this requires two things. The first is that these roughly ten million new jobs were not “created” but rather returned to the economy. The second is that around 10% of these jobs have been double-counted for this year.
Here is the clip on the inflation section:
Biden: "Inflation month to month was just up an inch. Hardly at all."
Interviewer: "You're not arguing 8.3% is good news?"
Biden: "No not at all. It was 8.2 before"
Interviewer: "It's the highest rate in 40 years."
Biden: "The last several months it hasn't spiked. It's even" pic.twitter.com/yLO4q9ON02
— unusual_whales (@unusual_whales) September 19, 2022
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