{"id":1104613,"date":"2021-12-10T00:28:56","date_gmt":"2021-12-10T05:28:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1104613"},"modified":"2021-12-10T00:28:58","modified_gmt":"2021-12-10T05:28:58","slug":"joe-biden-tries-to-preempt-more-bad-news-on-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/joe-biden-tries-to-preempt-more-bad-news-on-inflation\/","title":{"rendered":"Joe Biden Tries to Preempt More Bad News on Inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjoe-biden-tries-to-preempt-more-bad-news-on-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1104613&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/12\/GettyImages-1233725182-640x335-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p class=\"subheading\">President Joe Biden tried to preempt more bad news on inflation Thursday as analysts are watching the release of the Consumer Price Index (CPI), scheduled for Friday.<\/p>\n<p>\u201cTomorrow, we will get a report on consumer prices that experts expect to be elevated again,\u201d Biden acknowledged in a statement about the economy.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>Economists are <a href=\"https:\/\/www.axios.com\/cpi-new-jobs-number-57b588c3-092f-4919-80a8-4d54fa8f033b.html\">estimating<\/a> consumer costs are expected to rise 0.7 percent from the previous month and hit a 6.7 percent jump from last year. That would be higher than the jump in October, which hit a record high of 6.2 percent, the highest jump since 1990.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Biden\u2019s statement argued that the information in the CPI scheduled for release on Friday would already be outdated, noting a slight drop in gas prices and a drop in \u201cwholesale\u201d used auto sales.<\/p>\n<p>\u201cThe information being released tomorrow on energy in November does not reflect today\u2019s reality, and it does not reflect the expected price decreases in the weeks and months ahead, such as in the auto market,\u201d he wrote.<\/p>\n<p>Biden argued that more federal spending on entitlements for Americans would help them deal with inflation, specifically pointing to his $1.75 trillion Build Back Better Bill.<\/p>\n<p>\u201cLet\u2019s talk about inflation. It\u2019s real. There is inflation,\u201d Biden told an audience in Kansas City, Missouri, on Wednesday, in a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2021\/12\/08\/remarks-by-president-biden-on-how-the-bipartisan-infrastructure-law-delivers-for-missourians\/\">speech<\/a> promoting his agenda.<\/p>\n<p>Biden argued that redistributing wealth through higher taxes on the rich would help lower the cost of living for less-wealthy Americans.<\/p>\n<p>\u201cWhat I proposed is, in a way, to lower some of the difficult costs families have to pay every month by asking corporations and the wealthiest Americans to pay their fair share for a change,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden tried to preempt more bad news on inflation Thursday as analysts are watching the release of the Consumer Price Index (CPI), scheduled for Friday. \u201cTomorrow, we will &#8230;<\/p>\n","protected":false},"author":24,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1104613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1104613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1104613"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1104613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1104613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1104613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1104613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}