“Good jobs and lower costs: That’s Bidenomics in action,” President Joe Biden said Wednesday, touting the June report on the Consumer Price Index (CPI) that showed CPI inflation had declined to an annual rate of 3.0%. Family Research Council President Tony Perkins criticized Biden’s “victory lap,” pointing out that “family are paying about a 15% increase when they go to the store” over what they paid before Biden took office.
“Does [Biden] think the American people forgot that [inflation] skyrocketed when he took office and is still higher than it was in January of 2021?” Perkins asked Heritage Foundation’s Public Finance Economist E.J. Antoni on “Washington Watch.” “That’s exactly what this White House is counting on, gaslighting the American people,” Antoni returned. Although it has declined from last year, he said, “inflation today is about 50% higher than where it was before Biden took office. And the reason for that is because government spending, borrowing, and printing of money is so much higher than it was only a few years ago.” Read More>>>>>>