{"id":1459549,"date":"2022-05-01T13:59:35","date_gmt":"2022-05-01T17:59:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1459549"},"modified":"2022-05-01T13:59:39","modified_gmt":"2022-05-01T17:59:39","slug":"president-joe-biden-cracks-up-over-inflation-higher-cost-of-living-at-black-tie-d-c-dinner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/president-joe-biden-cracks-up-over-inflation-higher-cost-of-living-at-black-tie-d-c-dinner\/","title":{"rendered":"President Joe Biden Cracks Up Over Inflation, Higher Cost Of Living At Black Tie D.C. Dinner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">32<\/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%2Fpresident-joe-biden-cracks-up-over-inflation-higher-cost-of-living-at-black-tie-d-c-dinner%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=1459549&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\/05\/President-Joe-Biden-laughing.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Paris Dennard, a spokesman for the GOP, <a href=\"https:\/\/twitter.com\/PARISDENNARD\/status\/1520606818887958528?s=20&#038;t=sjiXSywelTvFP60FaL0jvQ\">added<\/a>, \u201cJoe Biden thinks it is really funny that millions of Americans are suffering right now because of rising costs &#038; inflation caused by his policies!\u201d<\/p>\n<p>\u201cThis isn\u2019t empathy or leadership it\u2019s shameful!\u201d Dennard stated. \u201cTell Biden your life isn\u2019t a joke!\u201d<\/p>\n<p>Biden, of course, knows that not many Americans are in a jovial mood right now. In late February, he <a href=\"https:\/\/www.dailywire.com\/news\/meads-joe-biden-blames-nations-foul-mood-on-psychological-impact-of-covid-19\">blamed<\/a> that pessimism on the \u201cpsychological impact of COVID-19.\u201d In Biden\u2019s mind, the reason why U.S. citizens were unable to appreciate the economy was because they were too worried about whether or not they would get sick from the virus.<\/p>\n<p>The president said in an interview at the time, \u201cAlmost a million Americans have died of COVID and so I think it\u2019s hard for people to get their arms around the fact that we have the fastest growing economy in 40 years, wages are actually up \u2014 not down, unemployment is the lowest it\u2019s been\u2026.You know it\u2019s just incredibly low, and it\u2019s around the in the three-point range,\u201d he claimed.\u201d<\/p>\n<p>\u201cWe find ourselves in a position where it\u2019s hard to fully appreciate that when you wake up in the morning and wondering whether or not your uncle, aunt, mother, father, son, daughter who has COVID are going to be okay,\u201d Biden added.<\/p>\n<p>If the comment was out of touch then, based on recent economic numbers, it seems to be even more out of touch now.<\/p>\n<p>The Bureau of Labor Statistics recently <a href=\"https:\/\/www.wsj.com\/articles\/us-inflation-consumer-price-index-march-2022-11649725215\">announced<\/a> that inflation rose 8.5% year-over-year in March, according to the Consumer Price Index.<\/p>\n<p>The Daily Wire also <a href=\"https:\/\/www.dailywire.com\/news\/wholesale-inflation-surges-11-2-breaking-another-record\">reported<\/a> that based on the BLS\u2019 <a href=\"https:\/\/www.bls.gov\/news.release\/ppi.t01.htm\">Producer Price Index<\/a>, which measures inflation from wholesale producers, rose 11.2% annually between March 2021 and March 2022, the highest that figure has been since 2010. Wholesale food prices also jumped 16.2% annually, 2.4% monthly while wholesale energy prices rose 36.7% annually, headlined by liquefied natural gas, which saw a massive 91.4% increase, nearly doubling in price between 2021 and 2022.<\/p>\n<p>In the first quarter of the year, America\u2019s <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-10763421\/US-economy-shrank-1-4-Q1-consumers-kept-spending.html\">economy shrank 1.4%<\/a>. The president blamed that downturn on COVID-19 and Russian President Vladimir Putin\u2019s invasion of Ukraine causing a rise in prices. Various polls <a href=\"https:\/\/www.thecentersquare.com\/national\/polls-voters-blame-biden-for-inflation\/article_bf2811f6-aa0e-11ec-bde8-c3db8056c94f.html\">show<\/a> that the American people blame the president \u2014 of the U.S., not of Russia \u2014 for inflation.<\/p>\n<p>As all of it adds up, the economy is quickly becoming a top concern for voters, too.<\/p>\n<p>\u201cAmericans\u2019 confidence in the economy remains very low, and mentions of economic issues as the most important problem in the U.S. are at their highest point since 2016,\u201d a recent poll from Gallup <a href=\"https:\/\/www.oleantimesherald.com\/news\/nation\/americans-more-worried-about-inflation-than-they-have-been-in-decades\/article_f6557693-81e8-51f5-b558-62493fb06fdd.html\">said<\/a>. \u201cInflation, which registered as the top economic problem last month and continues to be, was previously at this level in 1984.\u201d<\/p>\n<p>Without any economic reprieve predicted, it is evident that voters\u2019 concern about the economy will continue through the 2022 midterms.<\/p>\n<p>While the president may have found Noah\u2019s remarks hilarious Saturday night, it\u2019s unlikely he will be laughing if that clip is used as a GOP advertisement down the line.<\/p>\n<p>Just like excuses, jokes have a tendency to get a little old after you hear them more than a few times. The American people will only be able to tolerate Biden blaming Putin and outside factors for the state of the economy \u2014 while appearing to laugh at their misery \u2014 for so long before they take out their frustrations at the ballot box.<\/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>Paris Dennard, a spokesman for the GOP, added, \u201cJoe Biden thinks it is really funny that millions of Americans are suffering right now because of rising costs &#038; inflation caused<\/p>\n","protected":false},"author":326,"featured_media":1481147,"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-1459549","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\/1459549","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\/326"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1459549"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1459549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1481147"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1459549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1459549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1459549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}