{"id":1846546,"date":"2023-02-14T11:34:32","date_gmt":"2023-02-14T16:34:32","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1846546"},"modified":"2023-02-14T11:36:38","modified_gmt":"2023-02-14T16:36:38","slug":"president-biden-is-in-denial-republicans-blast-optimistic-white-house-after-dismal-inflation-release","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/president-biden-is-in-denial-republicans-blast-optimistic-white-house-after-dismal-inflation-release\/","title":{"rendered":"\u2018President Biden Is In Denial\u2019: Republicans Blast Optimistic White House After Dismal Inflation Release"},"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%2Fpresident-biden-is-in-denial-republicans-blast-optimistic-white-house-after-dismal-inflation-release%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=1846546&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-->\n<p><a href=\"https:\/\/www.dailywire.com\/topic\/house-republicans\" target=\"_blank\" rel=\"noopener\">House Republicans<\/a> Rebuked <a href=\"http:\/\/dailywire.com\/topic\/biden-administration\" target=\"_blank\" rel=\"noopener\">President Joe Biden<\/a> His optimistic view of life <a href=\"http:\/\/dailywire.com\/topic\/economy\" target=\"_blank\" rel=\"noopener\">Economy<\/a> Tuesday after an <a href=\"http:\/\/dailywire.com\/topic\/inflation\" target=\"_blank\" rel=\"noopener\">Inflation<\/a> The report continued to show higher prices.<\/p>\n<p>According to, price levels increased 6.4% between Jan 2022 and Jan 2023. <a href=\"https:\/\/www.dailywire.com\/news\/inflation-rises-more-than-expected-in-january-after-biden-claimed-prices-are-coming-down\" target=\"_blank\" rel=\"noopener\">Data<\/a> released on Tuesday morning by the Bureau of Labor Statistics, exceeding analysts\u2019 forecasts as energy, food, and shelter prices apply pressure to household budgets. Biden, who offered a <a href=\"https:\/\/www.dailywire.com\/news\/biden-paints-rosy-posture-on-the-economy-before-state-of-the-union-heres-the-real-story\" target=\"_blank\" rel=\"noopener\">The rosy view<\/a> Despite inflationary pressures, supply chain bottlenecks and other challenges, there is still hope for the economy. <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2023\/02\/07\/remarks-of-president-joe-biden-state-of-the-union-address-as-prepared-for-delivery\/\" target=\"_blank\" rel=\"noopener\"><\/a> Prices \u201ccoming down\u201d Last week, in his State of the Union Address.<\/p>\n<p>\u201cInflation has been a global problem because of the pandemic that disrupted supply chains and Putin\u2019s war that disrupted energy and food supplies,\u201d He stated. \u201cBut we\u2019re better positioned than any country on Earth.\u201d<\/p>\n<p>Jason Smith, Chairman of the House Ways and Means Committee (R-MO), told The Daily Wire that spending plans offered by the commander in chief are worsening costs.<\/p>\n<p>\u201cPresident Biden is in denial and has no plan to stop the inflation he started,\u201d He made a comment. \u201cIn his State of the Union address to the nation, the President promised more of the same reckless spending, welfare for the wealthy, and Green New Deal handouts that have made everything from gas to groceries unaffordable for working Americans.\u201d<\/p>\n<p>Last month saw food and shelter prices rise 0.5% and 0.7%, respectively. Energy prices, which fell 4.5% in December 2022 were responsible for much disinflation. However, this trend appears to be in reverse as utility gas and gasoline prices increased 2.4% and 6.7% respectively in January 2023. After gasoline prices hit their highest point, the fuel costs have risen. <a href=\"https:\/\/www.dailywire.com\/news\/gas-prices-in-2022-were-the-highest-on-record-heres-where-they-could-be-heading-next-year\" target=\"_blank\" rel=\"noopener\">H\u00f6chstes Niveau<\/a> Recorded last year.<\/p>\n<p>Conforming to a <a href=\"https:\/\/www.dailywire.com\/news\/mccarthy-offers-key-concessions-to-republican-holdouts-reports\" target=\"_blank\" rel=\"noopener\">Deal<\/a> A deal was reached between House Republicans (R-CA) and Speaker Kevin McCarthy. The caucus aims to <a href=\"https:\/\/www.dailywire.com\/news\/sparing-the-sacred-cow-republicans-and-democrats-refuse-to-touch-social-security-as-debt-crisis-looms\" target=\"_blank\" rel=\"noopener\">negotiate<\/a> With the White House, on measures to reduce federal deficit. Smith claimed that Smith was a supporter of the \u201cfirst step to fighting inflation is to put a stop to the wasteful Washington spending\u201d That can lead to a reduction in household income.<\/p>\n<p>\u201cWith the ongoing negotiations over the debt ceiling, President Biden and congressional Democrats have an opportunity to come to the table and work with Republicans to find common-sense solutions to root out wasteful spending that is fueling inflation,\u201d He added.<\/p>\n<p>Biden also stated during the address that the ceremony was his first. \u201clargest deficit reduction in American history.\u201d Biden was responsible for reducing the deficit to $3.1 trillion in fiscal 2020, $2.8 trillion fiscal 2021, and $1.4 trillion fiscal 2022. According to <a href=\"https:\/\/fred.stlouisfed.org\/series\/FYFSD\" target=\"_blank\" rel=\"noopener\">Data<\/a> According to the Office of Management and Budget (OMB), he failed to mention the fact that record spending resulted from stimulus measures taken to lessen the effects of the recession-induced lockdown. The deficit last year is greater than those seen in years prior to the crisis.<\/p>\n<p>Others argued that inflation is caused by runaway deficits. Sen. John Boozman (R-AR) <a href=\"https:\/\/twitter.com\/JohnBoozman\/status\/1625518570540085252\" target=\"_blank\" rel=\"noopener\"><\/a> That \u201cgetting spending under control\u201d Family relief would be offered by Senator Mike Braun (R &#8211; IN) <a href=\"https:\/\/twitter.com\/SenatorBraun\/status\/1625499679923507200\" target=\"_blank\" rel=\"noopener\">Additional<\/a> That \u201cBiden\u2019s inflation crisis shows the true cost of trying to replace the productive economy with government.\u201d<\/p>\n<p>In the last two years, rising prices have caused problems for households. Respondents to the Gallup survey were approximately 50% <a href=\"https:\/\/news.gallup.com\/poll\/469898\/half-say-worse-off-highest-2009.aspx\" target=\"_blank\" rel=\"noopener\">Survey<\/a> They are, they said. \u201cfinancially worse off\u201d Comparatively to one year ago 35% stated they are \u201cfinancially better off,\u201d The poll&#8217;s most disappointing results since 2008\/2009, when the economy crashed, were the following:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>House Republicans rebuked President Joe Biden for his optimistic view of the economy on Tuesday following an inflation report which continued to show elevated prices. Price levels rose 6.4% between January 2022 and January 2023, according to data released on Tuesday morning by the Bureau of Labor Statistics, exceeding analysts\u2019 forecasts as energy, food, and &#8230;<\/p>\n","protected":false},"author":99,"featured_media":1816552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[3620,4093,8458,8658,3653,5708,11356,3669,3684,3756,3765],"class_list":["post-1846546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-biden","tag-blast","tag-denial","tag-dismal","tag-house","tag-inflation","tag-optimistic","tag-president","tag-release","tag-republicans","tag-white"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1846546","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\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1846546"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1846546\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1816552"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1846546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1846546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1846546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}