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As Inflation Spikes Again, Biden And Media’s Boasts About Record Price Hikes ‘Cooling’ Are Offensive As Ever

Joe Biden discusses jobs
Image CreditWhite House/Flickr

President Joe Biden and his administration want nothing more than to take credit for what corporate media spin as “decreasing” inflation, but the Bureau of Labor Statistics’ latest consumer price index indicates that Americans paid 3.7 percent more for basic consumer items in August than they did last year.

Overall, hardworking taxpayers shelled out 2.1 percent more dollars on electricity, 4.3 percent more on food, 3.1 percent more on clothes, and 7.3 percent more on shelter last month than in August 2022. Even compared to July 2023, prices across the board rose 0.6 percent.

The Biden administration, its allies in the corporate media, and “experts” often claim that inflation already “peaked” or is “cooling,” “easing,” “slowing,” “fell,” and went “down.”

“Americans feel better about their personal finances [because of Biden’s] policies,” White House Press Secretary Karine Jean-Pierre claimed in June.

Not only do they insist skyrocketing prices are “temporary” and “transitory,” but they’ve even manipulated the definition of recession to make their flailing economic track record look better.

Days before the latest CPI report debuted, Biden bragged on social media that his “Bidenomics” was working to “get inflation down.”

The president reassured Americans that the price increases they suffered over the summer “are signs our economic agenda is delivering.”

“You’ve brought the economy back,” CNN’s Fareed Zakaria told Biden in July.

This was, of course, a lie. But it was one that the White House and the press willingly amplified.

At the beginning of 2023, Biden and the media teamed up in an attempt to convince Americans that 6.5 percent year-over-year inflation was a good thing.

More recently, publications like The Washington Post demanded Americans “credit Biden” for this so-called “cooling inflation.”

No amount of wool-pulling or rhetoric, however, can shield the regime from the fact that since Biden took office in January 2021, Americans have not experienced a month where overall inflation was not higher than it was before he was elected.

CPI numbers may have occasionally decreased slightly from the 40-year high that’s defined Biden’s presidency but a decimal of a percent “drop” from the previous month’s shocking calculations is certainly not worth celebrating. Since Biden took office in January 2021, inflation has never fallen far enough to do much good for Americans thwarted by looming price hikes at the pump and the grocery store.

Biden promised to do something about inflation, and his cabinet and corporate media cronies capitalized on these lies. So far, all he’s done is sign off on legislation and policies that inevitably continue to increase prices and taxes on all Americans, but especially the middle class.

This article has been updated since publication.

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