Joe Biden’s Presidency is raging dumpster fire.
He’s trying to spin anything as a success.
And Joe Biden’s latest victory lap collapsed after discovering one terrible problem.
Inflation is the biggest economic problem in the country taking a big bite out of workers’ hard-earned paychecks.
But President Joe Biden and his media mouthpieces are claiming that inflation is non-existent while millions of Americans are struggling to get by in his disastrous economy.
Americans in crisis as Biden attempts misnamed “Inflation reduction Act” victory lap
Maryland resident Gloria Knight said that things are so bad the local food bank has been a life saver for her.
“I said I need to go because the food in the market is so high. I went in the market the other day and I started crying because the prices were so high and I couldn’t afford some of the things that I wanted to get,” Knight said.
Under Joe Biden, inflation keeps hitting 40-year highs with no relief in sight for battered consumers.
The July inflation report clocked in at 8.5%, increasing at a slower rate from last month.
Core inflation, which excludes volatile food and gasoline prices, came in at a red-hot 5.9% which was up 0.3% from the June report.
Rampant inflation has Joe Biden back on his heels, scrambling to spin his way out of the problem he created and will make worse with Democrats’ grossly misnamed “Inflation Reduction Act” from Congress.
With the latest devastating inflation report, the Biden regime tried to take a victory lap on the news that inflation increased at a slightly lower rate.
Biden and top regime officials began an absurd attempt to claim that the inflation rate was now 0% for July.
At a White House address, Joe Biden said, “Before I begin today, I want to say a word about news that came out today relative to the economy. Actually, I just want to say a number: Zero.”
“Today we received news that our economy had zero percent inflation in the month of July,” Biden emphasized.
White House Press Secretary Karine Jean-Pierre joined in saying, “We just received news that our economy had 0% inflation in July.”
Other regime officials and the corporate-controlled media joined in parroting this blatant lie.
Government’s own measurements show Biden is full of it on inflation
While Joe Biden was trying to take a victory lap over inflation, the government’s own statistics revealed one of the worst inflation numbers of his Presidency.
Food inflation surged to 10.9% the largest annual increase since 1979 under Jimmy Carter.
The cost of basic grocery items skyrocketed with eggs up 47%, butter 26%, chicken 17.6%, coffee 20.3% and flour 22.7%.
While Joe Biden claims that inflation is at 0% many families are struggling to put food on the table as inflation eats away at their purchasing power.
Food banks across the country are overwhelmed as more families turn to them to make ends meet.
“We’re seeing a lot more families who are struggling to make ends meet because the dollar isn’t going as far as it used to at the grocery store,” said Kellie O’Connell, CEO at Nourishing Hope, a food pantry in Chicago. “So now folks are needing to make difficult choices like paying for medicine or buying food.”
Democrats new IRS Army explicitly targets middle class for audits
While Joe Biden claims that inflation is non-existent — and is about to unleash the IRS on the middle class – millions of Americans are already struggling to get by in his disastrous economy.
Stay tuned to Right News Wire for any updates to this ongoing story.