{"id":1561386,"date":"2022-07-19T13:51:47","date_gmt":"2022-07-19T17:51:47","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1561386"},"modified":"2022-07-19T14:04:38","modified_gmt":"2022-07-19T18:04:38","slug":"bidens-inflation-speech-comes-back-to-bite-him-in-the-a-one-year-later","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-inflation-speech-comes-back-to-bite-him-in-the-a-one-year-later\/","title":{"rendered":"Biden\u2019s Inflation Speech Comes Back To Bite Him In The A** One Year Later"},"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\">28<\/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%2Fbidens-inflation-speech-comes-back-to-bite-him-in-the-a-one-year-later%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=1561386&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\/2022\/07\/Screen-Shot-2022-07-19-at-1.24.34-PM-e1658251540523.png\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>President Joe Biden is eating his words after wrongly predicting one year ago that inflation would be \u201ctemporary.\u201d<\/p>\n<p>\u201cSome folks have raised worries that this could be a sign of persistent inflation. But that\u2019s not our view,\u201d Biden said at the White House on July 19, 2021. \u201cOur experts believe and the data shows that most of the price increases we\u2019ve seen are \u2013 were expected and expected to be temporary.\u201d<\/p>\n<p>\u201cNow, I want to be clear: My administration understands that if we were to ever experience unchecked inflation over the long term that would pose a real challenge to our economy,\u201d Biden continued, noting he\u2019s \u201cconfident\u201d it wasn\u2019t what the administration was expecting.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">President Biden on inflation concerns: \u201cOur experts believe, and the data shows, that most of the price increases we\u2019ve seen were expected and expected to be temporary.\u201d <a href=\"https:\/\/t.co\/yzihZXZODu\">pic.twitter.com\/yzihZXZODu<\/a><\/p>\n<p>\u2014 The Hill (@thehill) <a href=\"https:\/\/twitter.com\/thehill\/status\/1417157425241731078?ref_src=twsrc%5Etfw\">July 19, 2021<\/a><\/p>\n<\/blockquote>\n<p>Biden then told reporters that \u201cthere\u2019s nobody suggesting there\u2019s unchecked inflation on the way \u2013 no serious economist.\u201d<\/p>\n<p>The Consumer Price Index (CPI) rose 1.3% between May and June, bringing the CPI to 9.1% over the last 12 months. <strong><a href=\"https:\/\/dailycaller.com\/2022\/04\/12\/flashback-joe-biden-administration-inflation-temporary\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: FLASHBACK: Biden Administration Downplayed Inflation Concerns As Temporary)<\/a><\/strong><\/p>\n<p>\u201cThat\u2019s a 17.1% annualized rate,\u201d <a href=\"https:\/\/dailycaller.com\/2022\/07\/13\/heres-how-much-poorer-americans-have-gotten-biden-took-office\/\" target=\"_blank\" rel=\"noopener noreferrer\">E.J. Antoni<\/a>, a research fellow for regional economics in the Center for Data Analysis at The Heritage Foundation told the Daily Caller News Foundation, referring to the CPI data. \u201cTo put those numbers into context, prices are now rising in one month as much as they were rising in a whole year when Biden took office.\u201d<\/p>\n<p>Despite the data, White House Press Sec. Karine Jean-Pierre recently <a href=\"https:\/\/dailycaller.com\/2022\/07\/07\/doocy-jean-pierre-most-americans-believe-country-is-on-wrong-track\/\">claimed<\/a> the nation is \u201cstronger economically than we have been in history,\u201d pointing to the 3.6% unemployment rate and 8.7 million jobs created as the nation recovers from COVID.<\/p>\n<p>The White House has repeatedly blamed Russian President Vladimir Putin for rising gas prices despite prices having steadily increased since at least November.<\/p>\n<p>Former press secretary Jen Psaki <a href=\"https:\/\/dailycaller.com\/2022\/04\/13\/jen-psaki-white-house-views-inflation-transitory\/\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a> as recently as April that inflation was still \u201ctransitory\u201d despite the record-high increases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8216;Expected to be temporary&#8217;<\/p>\n","protected":false},"author":74,"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-1561386","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\/1561386","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\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1561386"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1561386\/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=1561386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1561386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1561386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}