Biden claims his economic plan is 'working' despite historically high inflation

Posted 44 days ago


The Biden administration faced an onslaught of online criticism after saying that his economic plan was "working" despite the year-over-year inflation figure remaining historically high.

President Joe Biden addressed the newest inflation report on Wednesday from the White House.

"I want to say a word today about news that came out today relative to the economy. Actually I just want to say a number: zero," said Biden.

"Today we received news that our economy had zero percent inflation in the month of July. Zero percent. Here's what that means. While the price of some things go up, went up last month, the price of other things went down, by the same amount," he continued.

"The result is zero inflation last month," Biden added. "But people are still hurting. But zero inflation last month."

Biden went on to say that the low unemployment rate and an increase in jobs added last month showed that his economic policies were working well.... (Read more)