Another day, another absolutely shameless lie from the Biden administration. It's just tedious at this point to try to keep up with all of them, but, love it or hate it, it's our job here at Twitchy to hold people to account, especially when the people in question are the serial fabulist President of the United States and his Loyal League of Lying Liars.
So here we are, once again, in the annoying position of having to re-stomach the same tiresome lies from this administration about their record on inflation, aka "Bidenomics." Remember this whopper from less than a week ago?
Inflation-adjusted income is up 3.5% since @POTUS took office and low-wage workers have seen the largest wage gains over the last year – helping power our economy.
— The White House (@WhiteHouse) July 12, 2023
Bidenomics is growing the economy from the middle out and the bottom up.
That was a steaming pile of B.S., of course, although there were Democrats who mounted very valiant efforts to publicly contend otherwise.
Today, Joe Biden's ghost-tweeter was back at it with this dishonest piece of boastful garbage:
Inflation has fallen for twelve months straight, down to 3%.
— President Biden (@POTUS) July 17, 2023
Good jobs and lower costs: That’s Bidenomics in action. pic.twitter.com/VOgISpx7ZB
If you just read that tweet really fast without any knowledge whatsoever about what inflation actually is and how it actually works, I can see why you might come away with the impression that inflation is decreasing and prices are falling. And that's great for the Biden administration, because that's the impression they want you to come away with. They're counting on the stupidity of the American people (remember that golden oldie from the Obama administration?) to allow them to continue wreaking havoc on the economy without raising a fuss.
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But if you're like me and can somehow find an extra couple of seconds in my busy day to actually think about what that @POTUS tweet is actually saying, then you actually realize that you're actually being lied to. Again.
The price of bread jumped 11.5% in June compared to a year prior, marking a cost increase nearly four times higher than overall inflation, according to government data. https://t.co/F8GMvJVLH6
— ABC News (@ABC) July 18, 2023
We're not seeing lower costs. And that's because "down to 3%" inflation is not the same thing as 3% deflation. Or any deflation at all.
No see the economy is doing better than ever and people are just too stupid to realize it https://t.co/yBeVuLIiSm
— Oilfield Rando (@Oilfield_Rando) July 18, 2023
They do think we're stupid.
It was 1.4% when you took office… https://t.co/sdEoTXSlC3
— EducatëdHillbilly™ (@RobProvince) July 18, 2023
Costs are not lower! When Biden took office, inflation was 1.4%. Prices have risen 16.6% since then and inflation is STILL higher.
— GOP (@GOP) July 17, 2023
And as long as the inflation rate remains above 0%, prices will continue to rise. This is pretty basic economics and math.
Joe Biden sucks at math.
— Pradheep J. Shanker (@Neoavatara) July 18, 2023
3% inflation means, month-to-month, costs are INCREASING.
No costs have dropped overall. https://t.co/opFGXEABuP
Joe Biden and his administration's are peeing on our legs and telling us it's raining (and that may not even just be an idiom, given the likely sad state of our octogenarian president's bladder).
That’s not how inflation works.
— Sunny McSunnyface (@sunnyright) July 18, 2023
Prices are just going up slower than before but they’re still going up.
Where my brave truth-tellers of the media to boldly call this a lie? https://t.co/xnTxCV3XvO
Oh, don't worry, Sunny. They're around. They're just very busy working overtime to help the Biden administration sell this lie to Americans who literally can't afford to buy into it.
Sure would be nice to have a President that could pass 6th grade math.
— Pradheep J. Shanker (@Neoavatara) July 18, 2023
America isn't so lucky.
Wages have picked up some (GOOD!) but still haven't caught up to inflationary pressures.
— Pradheep J. Shanker (@Neoavatara) July 18, 2023
"According to the report, real average hourly earnings decreased 0.5%, seasonally adjusted, from April 2022 to April 2023."https://t.co/2eOdKRtGx7
"The change in real average hourly earnings combined with a 0.6% decrease in the average workweek resulted in a 1.1% decrease in actual average weekly earnings during this annual period."
— Pradheep J. Shanker (@Neoavatara) July 18, 2023
"Among the 355 largest counties, 240 had declines over the year in average weekly wages.
— Pradheep J. Shanker (@Neoavatara) July 18, 2023
In the fourth quarter of 2022, the nation's median weekly wage decreased to $1,385, a 2.3% decrease. San Francisco had the largest decrease, with a loss of 22.6%."
Does that sound like good jobs and lower costs to you? Or does that sound like Bidenomics?
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