April 11, 2024

Biden Insists We’re Better Off, but Inflation Says Otherwise

Are you better off today than you were four years ago?

On August 10, 2022, Joe Biden bragged: “Our economy had 0% inflation in the month of July. Zero percent.” It was, he said, an example of him building “an economy that works for everyone.”

His boast was a flagrant lie because the annual inflation rate at the time was 8.5%, down slightly from 9.1% — a four-decade high reached because Biden ignited it with profligate federal spending led by income redistribution. “Works for everyone” means “crushes everyone.”

Joe Biden is a congenital liar, so, naturally, he’s out there again this week touting his supposed great record combatting inflation. “We have dramatically reduced inflation from 9% down to close to 3%,” he insisted. “We’re in a situation where we’re better situated than we were when we took office when inflation was skyrocketing.”

No, shortly after Biden took office, he dramatically increased inflation from less than 2% to over 9%. And it is rising again, with last month’s consumer price index numbers coming in at 0.4% for the month and 3.5% annually. Inflation has now increased for three straight months, and the 0.4% monthly rate translates to 4.8% annually.

Unsurprisingly, Leftmedia outlets expressed surprise, calling it “unexpectedly sharp” or “hotter than expected.”

This feigned surprise is actually deceit. Over the course of Biden’s presidency, cumulative inflation has now surpassed 19%, and it’s far more than that on key items consumers need most, like groceries, gas, and insurance. For example, “The Hidden Costs of Homeownership Are Skyrocketing,” The Wall Street Journal reports today. Property taxes, insurance, and maintenance and repairs are all drastically more expensive now.

Biden is also misleading about income. “Wages are rising faster than prices,” he asserted, though adjusted for inflation, wages increased a measly seven cents over the last year. And according to The Wall Street Journal, “Since Mr. Biden took office in January 2021, average hourly earnings after inflation are down 2.54%.”

We’ve written about inflation until we’re blue in the face, and to a certain extent, most people are just tired of hearing about it.

Still, it is the single issue that impacts and angers virtually every American across the political spectrum. No one thinks it’s a good thing, even if the Leftmedia is busy gaslighting us into thinking everything is just dandy and blaming consumers for not getting it. They point to the fact that the annual inflation rate is better now than it was — as if that means prices aren’t astronomically higher than a few short years ago.

If inflation were really Biden’s “top economic priority,” as he claims, then he wouldn’t be mandating electric vehicles, transferring student loans to taxpayers, and running up massive spending deficits. Falsely blaming businesses for shrinkflation doesn’t count as fighting inflation.

This story and every other one about the economy boils down to a simple question: Are you better off today than you were four years ago? Ronald Reagan asked Jimmy Carter that question in 1980, and Donald Trump should repeatedly ask Joe Biden the same question this year.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.