{"id":2217752,"date":"2024-04-10T17:40:02","date_gmt":"2024-04-10T21:40:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-claims-of-economic-victory-slapped-back-by-worse-than-expected-inflation-report\/"},"modified":"2024-04-10T17:45:07","modified_gmt":"2024-04-10T21:45:07","slug":"bidens-claims-of-economic-victory-slapped-back-by-worse-than-expected-inflation-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-claims-of-economic-victory-slapped-back-by-worse-than-expected-inflation-report\/","title":{"rendered":"Biden&#8217;s Economic Triumph Claims Clashed with Disappointing Inflation Report"},"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\">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%2Fbidens-claims-of-economic-victory-slapped-back-by-worse-than-expected-inflation-report%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=2217752&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--><p>President Joe Biden&#8217;s economy faced challenges with a \u2063higher-than-expected inflation \u2063report\u200d showing a 3.5% increase over the last 12 months, the \u200bhighest in a year. The report \u200bhighlighted rising costs in car insurance, groceries, electricity,\u2063 and gas, impacting households. Criticism from officials and \u200dcomparisons with previous administrations underscored concerns about ongoing\u200b economic struggles. President Joe Biden&#8217;s economy encountered\u2064 difficulties as an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sen-mcconnell-slams-democrats-for-inflation\/\" title=\"Sen. McConnell slams Democrats for inflation\">inflation report revealed<\/a> a 3.5% increase \u2063over the past year, the highest \u2064in a year. The report emphasized growing\u2063 expenses in\u2062 car insurance, groceries, electricity, and\u2063 gas, impacting \u200bfamilies. Criticism from\u2063 officials and \u2064comparisons with past administrations highlighted worries about persistent economic \u2064challenges.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p>President <a href=\"https:\/\/www.dailywire.com\/topic\/joe-biden\" target=\"_blank\" rel=\"noopener\">Joe Biden\u2019s<\/a> economy took a gut punch on Wednesday when a hotter-than-expected inflation report dropped, revealing a 3.5% increase over the last 12 months \u2014 the highest year-over-year increase since last September.<\/p>\n<p>According to the latest <a href=\"https:\/\/www.cnn.com\/2024\/04\/10\/markets\/markets-fall-cpi-inflation-report\/index.html\" target=\"_blank\" rel=\"noopener\">Consumer Price Index data<\/a> \u2014 which was released by the Bureau of Labor Statistics \u2014 key drivers of the higher rates include car insurance, groceries, electricity, and gas. New parents and pet owners are feeling the pinch as well, with baby food now up over 30% since 2021 and pet food up 23.7%.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8SINCE BIDEN TOOK OFFICE: <\/p>\n<p>Gasoline: 47.8%<br \/>Groceries: +21.1% <br \/>Eating out: +21.4% <br \/>Baby food: +30.5% <br \/>Pet food: +23.7% <br \/>Rent: +20.9% <br \/>Electricity: +28.3% <br \/>Natural gas: +26.9% <br \/>Used cars: +20.9% <br \/>Air fare: +32.7% <br \/>Public transportation: +22.2% <br \/>Real average weekly earnings: -3.9%<\/p>\n<p>\u2014 Jacki Kotkiewicz (@jackikotkiewicz) <a href=\"https:\/\/twitter.com\/jackikotkiewicz\/status\/1778041940069564578?ref_src=twsrc%5Etfw\">April 10, 2024<\/a><\/p>\n<\/blockquote>\n<p>The higher-than<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/forecast-for-fed-terminal-rate-hits-new-high-shaking-stocks-and-bonds\/\" title=\"Forecast for Fed terminal rate hits new high, shaking stocks and bonds\">-expected inflation numbers<\/a> come just a day after Treasury Secretary Janet Yellen insisted that overall household finances were \u201c<a href=\"https:\/\/www.dailywire.com\/news\/sec-yellen-econ-splains-to-average-americans-your-finances-are-fine-everything-is-fine\" target=\"_blank\" rel=\"noopener\">quite strong<\/a>\u201d \u2014 and may put a sizable kink in any plans to begin bringing interest rates back down.<\/p>\n<p>Critics of the Biden economy weighed in on the news, noting that the inflation crisis was certainly not, as promised, transitory.<\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1700760801843000&#038;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG\">CLICK HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n<p>\u201cRemember when the admin said inflation was transitory? Overall prices are still up 19.4% since Biden entered office. Oklahomans are paying nearly double at the grocery store. Rent, transportation, and energy costs are still way too high. Americans can\u2019t afford the Biden economy,\u201d Senator Markwayne Mullin (R-OK) said.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Remember when the admin said inflation was transitory? Overall prices are still up 19.4% since Biden entered office. Oklahomans are paying nearly double at the grocery store. Rent, transportation, and energy costs are still way too high. Americans can&#8217;t afford the Biden economy.<\/p>\n<p>\u2014 Markwayne Mullin (@SenMullin) <a href=\"https:\/\/twitter.com\/SenMullin\/status\/1778076375573827658?ref_src=twsrc%5Etfw\">April 10, 2024<\/a><\/p>\n<\/blockquote>\n<p>Rep. Wesley Hunt (R-TX) added, \u201c<span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">Prices RISE by 3.5% in March over last year. But don\u2019t believe your lying eyes. <\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3 r-b88u0q\">Biden<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">  told us it would be temporary, it would be transitory, and that costs were under control. It\u2019s NEVER been more expensive to live in this <\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3 r-b88u0q\">economy<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Prices RISE by 3.5% in March over last year.  <\/p>\n<p>But don\u2019t believe your lying eyes.  <\/p>\n<p>Biden told us it would be temporary, it would be transitory, and that costs were under control.<\/p>\n<p>It\u2019s NEVER been more expensive to live in this economy. <a href=\"https:\/\/t.co\/7FLDyXg6Ah\">pic.twitter.com\/7FLDyXg6Ah<\/a><\/p>\n<p>\u2014 Wesley Hunt (@WesleyHuntTX) <a href=\"https:\/\/twitter.com\/WesleyHuntTX\/status\/1778104658420019601?ref_src=twsrc%5Etfw\">April 10, 2024<\/a><\/p>\n<\/blockquote>\n<p>Economist Stephen Moore shared side-by-side comparisons in three key areas that explained why Americans are not as enthusiastic about the economy as they were before Biden took office.<\/p>\n<ul>\n<li>Inflation: Jan \u201921, 1.4%; March \u201924, 3.5%<\/li>\n<li>30-year fixed mortgage rate: Jan \u201921, 2.65%; March \u201924, 6.82%<\/li>\n<li>Average gas price: Jan \u201921, $2.39; March \u201924, $3.39<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bidenomics:  <\/p>\n<p>\ud835\udc08\ud835\udc27\ud835\udc1f\ud835\udc25\ud835\udc1a\ud835\udc2d\ud835\udc22\ud835\udc28\ud835\udc27<br \/>Jan &#8217;21: 1.4% <br \/>March &#8217;24: 3.5%<\/p>\n<p>\ud835\udfd1\ud835\udfce-\ud835\udc18\ud835\udc1e\ud835\udc1a\ud835\udc2b \ud835\udc05\ud835\udc22\ud835\udc31\ud835\udc1e\ud835\udc1d \ud835\udc0c\ud835\udc28\ud835\udc2b\ud835\udc2d\ud835\udc20\ud835\udc1a\ud835\udc20\ud835\udc1e \ud835\udc11\ud835\udc1a\ud835\udc2d\ud835\udc1e<br \/>Jan &#8217;21: 2.65% <br \/>March &#8217;24: 6.82%  <\/p>\n<p>\ud835\udc00\ud835\udc2f\ud835\udc1e\ud835\udc2b\ud835\udc1a\ud835\udc20\ud835\udc1e \ud835\udc06\ud835\udc1a\ud835\udc2c \ud835\udc0f\ud835\udc2b\ud835\udc22\ud835\udc1c\ud835\udc1e<br \/>Jan &#8217;21: $2.39 <br \/>March &#8217;24: $3.39<\/p>\n<p>\u2014 Stephen Moore (@StephenMoore) <a href=\"https:\/\/twitter.com\/StephenMoore\/status\/1778090695284154794?ref_src=twsrc%5Etfw\">April 10, 2024<\/a><\/p>\n<\/blockquote>\n<p>The Republican National Committee (@RNCResearch) also posted a comparison chart showing the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-secretary-janet-yellen-we-have-to-consider-rising-inflation-rates-when-doing-stimulus-package\/\" title=\"Treasury Secretary Janet Yellen: \u2018We Have To Consider\u2019 Rising Inflation Rates When Doing Stimulus Package\">inflation rates<\/a> of specific items under President Biden and under former President Donald Trump.<\/p>\n<p>\u201cYou\u2019ll never convince Americans that Biden\u2019s economy is better than President Trump\u2019s economy \u2014 because it isn\u2019t,\u201d the caption read. \u201cSEE FOR YOURSELF.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">You&#8217;ll never convince Americans that Biden&#8217;s economy is better than President Trump&#8217;s economy \u2014 because it isn&#8217;t.<\/p>\n<p>SEE FOR YOURSELF: <a href=\"https:\/\/t.co\/Vww0dhubnV\">pic.twitter.com\/Vww0dhubnV<\/a><\/p>\n<p>\u2014 RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1778130220265918897?ref_src=twsrc%5Etfw\">April 10, 2024<\/a><\/p>\n<\/blockquote>\n<p>Fox Business host Dagen McDowell added a twist as well, noting that President Biden\u2019s continued insistence on unilaterally canceling student loans \u2014 in defiance of the Supreme Court \u2014 would only make things worse for families already feeling the pinch from inflation.<\/p>\n<p>\u201cFood, energy, car insurance (+22% y\/y)! This is an unavoidable hardship and anxiety for working Americans,\u201d McDowell said. \u201cSo Joe Biden again screws them + the nearly 90% of Americans with NO STUDENT LOAN DEBT and then hands them the bill for bailing out college graduates who didn\u2019t feel like paying off their own debts.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">INFLATION WORSENING.<br \/>3-month annualized CPI<br \/>\u2b06\ufe0f4.6% core \u2b06\ufe0f4.5%<br \/>Food, energy, car insurance (+22% y\/y)! This is an unavoidable hardship and anxiety for working Americans. <br \/>So Joe Biden again screws them+the nearly 90% of Americans with NO STUDENT LOAN DEBT and then hands them the\u2026<\/p>\n<p>\u2014 Dagen McDowell (@dagenmcdowell) <a href=\"https:\/\/twitter.com\/dagenmcdowell\/status\/1778100562199789948?ref_src=twsrc%5Etfw\">April 10, 2024<\/a><\/p>\n<\/blockquote>\n<p>Even Ron Klain, Biden\u2019s own former White House Chief of Staff, <a href=\"https:\/\/www.politico.com\/news\/2024\/04\/09\/ron-klain-joe-biden-infrastructure-00151438?nname=playbook&#038;nid=0000014f-1646-d88f-a1cf-5f46b7bd0000&#038;nrid=00000159-ec5d-da62-a5d9-ec5fbcf90000&#038;nlid=630318\" target=\"_blank\" rel=\"noopener\">told Politico<\/a> that Biden was making a strategic mistake when it came to the obvious problem of inflation and his reelection campaign.<\/p>\n<p>\u201cI think the president is out there too much talking about bridges. He does two or three events a week where he\u2019s cutting a ribbon on a bridge. And here\u2019s a bridge. Like I tell you, if you go into the grocery store, you go to the grocery store and, you know, eggs and milk are expensive, the fact that there\u2019s a f***ing bridge is not \u2026 Like it\u2019s a bridge, and how interesting is the bridge? It\u2019s a little interesting but it\u2019s not a lot interesting.\u201d<\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden&#8217;s economic outlook suffered a blow as a higher-than-anticipated inflation report was released, showing a 3.5% rise over the past year, the largest yearly increase since September. The latest Consumer Price Index data highlights significant contributing factors, disclosed by the Bureau of Labor Statistics<\/p>\n","protected":false},"author":93,"featured_media":2217753,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/03\/GettyImages-2079422187.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2217752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/03\/GettyImages-2079422187.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2217752","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\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2217752"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2217752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2217753"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2217752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2217752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2217752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}