Biden defends 'Bidenomics' after inflation ticks up in July

[ptif219]

Get ready for bidenomics in motion. Gas increases and so does inflation. It will not get better with a Democrat in charge


https://www.washingtonexaminer.com/news/white-house/biden-defends-bidenomics-july-inflation

President Joe Biden is adamant "Bidenomics" is working despite annualized inflation ticking up to 3.2%, the first increase in a year.

The economy remains strong, Biden wrote in a statement Thursday morning after the Labor Department released its July consumer price index report.Republicans reacted to the report by highlighting the cumulative impact of inflation even as numbers have trended down. "Since Biden took office, prices are up by 16.9% and real wages are down by about 3%," Republican National Committee spokesman Jake Schneider said. "That’s bad news for Americans, who already have little faith in Biden’s ability to handle the economy with competence."

Monthly inflation was 0.2%, and “core inflation,” which excludes food and energy prices, was 4.7% in the year ending in July.

 

[Tinkerpeach]

He's only running around 37% approval on his handling of the economy.

That does not win presidents re-election.

This is why his administration has been trying to push Bidenomics so much lately, they realize these numbers are going to cost them in the election.