{"id":1448435,"date":"2022-04-21T07:41:08","date_gmt":"2022-04-21T11:41:08","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1448435"},"modified":"2022-04-21T07:41:14","modified_gmt":"2022-04-21T11:41:14","slug":"musk-hammers-home-the-issue-most-painful-for-biden-i-think-the-official-numbers-are-much-worse","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musk-hammers-home-the-issue-most-painful-for-biden-i-think-the-official-numbers-are-much-worse\/","title":{"rendered":"Musk Hammers Home The Issue Most Painful For Biden: \u2018I Think The Official Numbers\u2019 Are Much Worse"},"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\">34<\/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%2Fmusk-hammers-home-the-issue-most-painful-for-biden-i-think-the-official-numbers-are-much-worse%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=1448435&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:\/\/dw-wp-production.imgix.net\/2022\/04\/MuskBiden-scaled.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Tesla boss Elon Musk said during a shareholder\u2019s meeting for the electric car company on Wednesday that he believes inflation is much worse than what is being reported and that it is unlikely to slow down this year.<\/p>\n<p>Musk\u2019s comments come after <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">statistics<\/a> from the Labor Department showed inflation skyrocketed 8.5% annually in March, representing the largest 12-month increase since December 1981.<\/p>\n<p>\u201cI think the official numbers actually understate the true magnitude of inflation. And inflation appears to be likely to continue for at least the remainder of this year,\u201d Musk <a href=\"https:\/\/www.cnbc.com\/2022\/04\/20\/elon-musk-inflation-worse-than-reported-likely-to-last-through-2022.html\">said<\/a>. \u201cWhat\u2019s keeping costs down, at least in the short term, is that we have locked in contracts with suppliers. Those modular contracts will obviously run out, and then we\u2019ll start to see potentially significant cost increases.\u201d<\/p>\n<p>The issue of inflation will likely play a major role in the upcoming midterm elections, as numerous polls show it is major source of pain for American voters. Midterm elections are typically a referendum on the party that controls the White House, which is why President Joe Biden is trying to <a href=\"https:\/\/abcnews.go.com\/Politics\/biden-blames-putins-price-hike-gas-prices-depend\/story?id=84034646\">blame<\/a> rising costs on Russian President Vladimir Putin\u2019s invasion of Ukraine.<\/p>\n<p>Recent polling from Pew Research found that \u201cstrengthening the economy\u201d is the top issue for voters headed into the 2022 midterms and that concern over the issue is being driven by inflation.<\/p>\n<p>\u201cThe public\u2019s policy agenda reflects continued concerns over the economy,\u201d the report <a href=\"https:\/\/www.pewresearch.org\/politics\/2022\/02\/16\/publics-top-priority-for-2022-strengthening-the-nations-economy\/\">said<\/a>. \u201cWith inflation at a four-decade high, large majorities of Americans say prices for food and consumer goods (89%), gas prices (82%) and the cost of housing (79%) are worse than they were a year ago. Only 28% rate economic conditions as excellent or good.\u201d<\/p>\n<p>A recent Gallup poll also found that a large number of Americans were concerned about inflation and the impact that it is having on the country.<\/p>\n<p>\u201cRoughly one in five Americans mention the high cost of living\/inflation (17%), or fuel prices (4%) specifically, as the most important problem facing the U.S. today,\u201d the survey <a href=\"https:\/\/news.gallup.com\/poll\/391220\/inflation-dominates-americans-economic-concerns-march.aspx\">found<\/a>. \u201cTogether, these account for over half of the economic issues that 35% of Americans cite as the nation\u2019s top problem. Within that group, 11% identify the economy in general as the chief problem.\u201d<\/p>\n<p>A recent <a href=\"https:\/\/www.nytimes.com\/2022\/02\/25\/business\/economy\/inflation-americans-worry.html\">survey<\/a> from The New York Times revealed that a staggering 90% of Americans said they were worried about inflation.<\/p>\n<p>Biden has also faced <a href=\"https:\/\/www.dailywire.com\/news\/biden-sinks-to-new-low-in-harvard-poll-as-majority-of-americans-have-doubts-about-his-mental-fitness\">scrutiny<\/a> over his fitness for office, including in a poll earlier this year that asked respondents, \u201cIs Joe Biden mentally fit to serve as President of the United States or do you have doubts about his fitness for office?\u201d<\/p>\n<p>A majority of Americans, 53%, said, \u201cI have doubts about his fitness.\u201d<\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? <a class=\"in-cell-link\" href=\"https:\/\/utm.io\/ueuP8\" target=\"_blank\" rel=\"noopener\">Become a member now and join our mission<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla boss Elon Musk said during a shareholder\u2019s meeting for the electric car company on Wednesday that he believes inflation is much worse than what is being reported and that<\/p>\n","protected":false},"author":102,"featured_media":1448498,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1448435","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\/1448435","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\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1448435"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1448435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1448498"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1448435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1448435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1448435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}