Biden: ‘Inflation Is Going to Get Worse’ if Republicans Win

0
85

Assessment: Core Inflation Rose to a 40-year High Under Democrats …

President Joe Biden claimed Thursday that inflation would only get worse if Republicans took majorities in Congress after the midterm elections.

“If Republicans win, inflation is going to get worse. It’s that simple,” Biden said.

There is desirable treasure, And oil in the dwelling of the wise,
But a foolish man squanders it.” Proverbs 21:20

The president spoke about inflation during a speech to Democrats and supporters in Los Angeles, reacting to new data concerning the consumer price index from the Labor Department.

The numbers showed that prices continue to go up, as prices increased 0.4 percent from the month of August.

Core inflation, a data point excluding food and energy, increased 6.6 percent from a year ago, the highest since 1982.

But Biden tried to put an optimistic spin on the bad numbers.

“Today’s inflation report shows some progress,” he said. “Overall, inflation was two percent over the last three months. That’s down from 11 percent over the prior three months.”

The president also took credit for the cost of gas declining from record prices during the summer.

Read More @ Breitbart HERE