Staff Reports
The Biden administration has once again been caught out self-owning with regards to claims surrounding the economy and inflation. This time, it was around the recently released inflation report which showed inflation in the month of May at 4 percent.
Reporter Calls Out Embarrassing Biden WH Self-Own Regarding Inflation Report https://t.co/Sw7uCUJLDM
— RedState (@RedState) June 14, 2023
The report revealed that consumer prices only rose 0.1 percent in May but had increased by 4 percent over the previous year. However, the White House’s presentation of the information is telling of the administration’s efforts to spin the information so that it made them look better. The chart they published seems to show that inflation skyrocketed in 2021 around the time that Biden took office and that they have since brought it down from 40-year highs.
Planning a cookout this year? Ketchup on the news. According to the Farm Bureau, the cost of a 4th of July BBQ is down from last year. It’s a fact you must-hear(d). Hot dog, the Biden economic plan is working. And that’s something we can all relish. pic.twitter.com/7h9qLauIbC
— The White House (@WhiteHouse) July 1, 2021
Things are changing at Twitter. pic.twitter.com/tS9ua1ioAu
— Ben Kew (@ben_kew) November 2, 2022
Great news: Today’s inflation report shows annual inflation is now at the lowest level since March 2021, and less than half of what it was last June.
This is giving families real breathing room. pic.twitter.com/l5k3B9WU2t
— The White House (@WhiteHouse) June 13, 2023
Fox News national correspondent Bill Melugin called it out for being what he described as a “strange flex” and questioned why the White House would tweet this chart. Former investment banker-turned-small business advisor, Carol Roth, pointed out that the compounding effects of inflation were destroying the middle/working class.
CNBC also noted that excluding volatile food and energy prices, the picture wasn’t as optimistic and that core inflation had increased by 5.3% from a year ago. It remains to be seen if fact-checkers in the mainstream press will acknowledge these discrepancies.
