{"id":2001766,"date":"2023-08-15T19:39:05","date_gmt":"2023-08-15T23:39:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-touts-record-on-inflation-as-americans-spend-hundreds-more-per-month\/"},"modified":"2023-08-15T19:41:50","modified_gmt":"2023-08-15T23:41:50","slug":"biden-touts-record-on-inflation-as-americans-spend-hundreds-more-per-month","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-touts-record-on-inflation-as-americans-spend-hundreds-more-per-month\/","title":{"rendered":"Biden highlights inflation success as Americans spend extra monthly."},"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\">18<\/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%2Fbiden-touts-record-on-inflation-as-americans-spend-hundreds-more-per-month%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=2001766&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--><h2>President Joe\u2062 Biden Touts \u2063Economic Record \u200bDespite\u2062 Rising \u200cInflation<\/h2>\n<p>In \u200ca speech delivered in \u200dMilwaukee, Wisconsin, President <a href=\"https:\/\/www.dailywire.com\/topic\/joe-biden\" target=\"_blank\" rel=\"noopener\">Joe Biden<\/a> highlighted his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-inhumane-covid-lockdowns-became-a-wake-up-call-for-some-chinese\/\" title=\"China\u2019s Inhumane Covid Lockdowns Became A Wake-up Call For Some Chinese\">economic achievements<\/a> and claimed that inflation is decreasing. However, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/john-kerry-warns-of-so-called-climate-change-amid-familys-ownership-of-private-jet\/\" title=\"John Kerry warns of so-called climate change amid family\u2019s ownership of private jet\">recent reports show<\/a> that Americans are paying significantly more\u2063 for basic goods and services \u2062compared to two years ago.<\/p>\n<p>Biden&#8217;s remarks came as a <a href=\"https:\/\/nypost.com\/2023\/08\/14\/inflation-forcing-americans-to-spend-709-more-per-month-versus-2-years-ago\/\" target=\"_blank\" rel=\"noopener\">new report<\/a> \u2064revealed that Americans paid $709 more for\u2063 basic goods and services in July 2023 compared to\u200c July 2021, just months into \u2062Biden&#8217;s \u200dpresidency. This spending was also\u2063 $202 more\u2062 than July 2022, according \u200dto Mark Zandi, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-touts-record-on-inflation-as-americans-spend-hundreds-more-per-month\/\" title=\"Biden highlights inflation success as Americans spend extra monthly.\">chief economic analyst<\/a> \u2062for Moody&#8217;s Analytics.<\/p>\n<p>&#8220;In \u2064case you haven&#8217;t noticed, inflation is down, too \u2014 \u2063and\u200c it&#8217;s going lower,&#8221; Biden confidently \u200cstated during his speech, as he\u200d promoted his &#8220;Bidenomics&#8221; vision in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/poll-state-republicans-lead-democrats-by-six-points-on-generic-ballot\/\" title=\"Poll: State Republicans Lead Democrats by Six Points on Generic Ballot\">crucial battleground state<\/a> of Wisconsin.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BIDEN: &#8220;In case you\u200b haven&#8217;t noticed,\u200c inflation is down, too \u2014 and it&#8217;s going lower!&#8221; <a href=\"https:\/\/t.co\/RUArfFCleQ\">pic.twitter.com\/RUArfFCleQ<\/a><\/p>\n<p>\u2014 RNC \u200cResearch (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1691514243189723136?ref_src=twsrc%5Etfw\">August 15, 2023<\/a><\/p>\n<\/blockquote>\n<p>However, Republicans have pointed out \u2062that real wages have declined and inflation remains at a <a href=\"https:\/\/apnews.com\/article\/biden-politics-inflation-economy-wisconsin-bidenomics-e665ae858f03f2d62cba65b6c4625d3f\" target=\"_blank\" rel=\"noopener\">3.2%\u2062 rate<\/a>, \u200bnearly 2% higher than when \u200cBiden\u2064 assumed office. Gas prices have also surged in recent weeks, reaching the highest levels seen\u200c in months, with the national average hitting $3.86 per gallon, the\u2062 highest since \u200bOctober 19, 2022.<\/p>\n<p>&#8220;Real wages are \u2063down and gas prices are up,&#8221; remarked House Speaker Kevin McCarthy (R-CA). &#8220;You\u2062 are paying the price for failed leadership.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Today, President Biden will tout his economic plan in Milwaukee, WI<\/p>\n<p>&#8220;Bidenomics&#8221; costs Americans $709 a month\u200c to pay for the same \u200cgoods they had just 2 years ago. Real wages are\u200c down and gas prices are up<\/p>\n<p>You\u2062 are paying the price for failed leadership <a href=\"https:\/\/t.co\/xZQ6L4yiL9\">https:\/\/t.co\/xZQ6L4yiL9<\/a> <a href=\"https:\/\/t.co\/tpjTijtFrW\">pic.twitter.com\/tpjTijtFrW<\/a><\/p>\n<p>\u2014\u2062 Kevin McCarthy (@SpeakerMcCarthy) \u2062 <a href=\"https:\/\/twitter.com\/SpeakerMcCarthy\/status\/1691509422571319311?ref_src=twsrc%5Etfw\">August 15, 2023<\/a><\/p>\n<\/blockquote>\n<p>During his speech, Biden also \u200dclaimed that the United States has the strongest economy in \u2064the world. However, critics have questioned this assertion, citing \u200cthe <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ex-opensea-managers-trial-kicks-off-in-first-nft-insider-trading-case\/\" title=\"Former OpenSea manager faces trial in groundbreaking NFT insider trading case. Get ready for the legal drama!\">ongoing challenges faced<\/a> by American workers and the impact of rising inflation.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BIDEN: &#8220;We \u2063have the strongest economy in the world! You&#8217;re looking at me a\u200b little skeptical\u2026&#8221; <a href=\"https:\/\/t.co\/fekdI5YJdF\">pic.twitter.com\/fekdI5YJdF<\/a><\/p>\n<p>\u2014 Townhall.com (@townhallcom) <a href=\"https:\/\/twitter.com\/townhallcom\/status\/1691521332993757184?ref_src=twsrc%5Etfw\">August 15,\u200d 2023<\/a><\/p>\n<\/blockquote>\n<p>As Biden commemorates the passage of the &#8220;Inflation Reduction \u200cAct,&#8221; many economists remain\u200b skeptical about its effectiveness in curbing inflation. Harvard University economist Jason\u2064 Furman stated, \u2064&#8221;I can&#8217;t \u2064think of any mechanism\u200c by which it would have brought down inflation to date,&#8221; casting doubt on the impact of the legislation.<\/p>\n<p>Biden himself has \u200dacknowledged that the \u2064law, which <a href=\"https:\/\/www.dailywire.com\/news\/bidens-green-energy-boondoggle-keeps-getting-bigger\">allocated billions<\/a> to the \u2064green\u200d energy industry, should not have\u2062 been named with an inflation-related title. He stated, &#8220;I wish I hadn&#8217;t called it that\u200d because it has less \u200cto\u200d do with reducing\u2064 inflation than it has\u200c to do with providing alternatives that generate\u2063 economic growth.&#8221;<\/p>\n<p><strong><a href=\"https:\/\/onelink.to\/dwapp\">CLICK HERE \u2064TO GET THE DAILY WIRE APP<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden highlighted his economic achievements and reduced inflation in a speech in Milwaukee, Wisconsin. However, despite his claims, many Americans are experiencing higher costs for essential goods and services compared to two years ago. A recent report revealed that citizens paid an additional $709 for basic necessities.<\/p>\n","protected":false},"author":200,"featured_media":2001767,"comment_status":"open","ping_status":"closed","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":[],"class_list":["post-2001766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"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\/2001766","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\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2001766"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2001766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2001767"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2001766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2001766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2001766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}