Biden touts America as having 'strongest economy,' 'lowest inflation rate' in the world despite soaring prices

President Biden claimed that the United States has the lowest inflation rate among major world economies, despite his own Commerce Secretary acknowledging that inflation "still exists" and is a challenge for Americans.

foxbusiness.com

Relevant topic timeline:

8/24/2023

Is America's economy really as bad as Republican presidential candidates say it is?

The US economy is growing rapidly with favorable conditions for workers, but despite this, many Americans feel pessimistic about the economy due to inflation and high prices, which are driven by complex global forces and not solely under the control of President Biden or Trump. Housing affordability is also a major concern. However, the Biden administration can still tout the economic recovery, with low unemployment and strong economic growth forecasts.

8/24/2023

Bidenomics falls flat for rural Americans

Despite signs of declining U.S. inflation, a majority of Americans, particularly those living in rural areas, are experiencing higher grocery prices under President Biden's economic policy, known as Bidenomics. Concerns about inflation and reliance on partisan news contribute to the perception of economic challenges, despite reports of a strong U.S. economy.

8/25/2023

We're in an 'incredible economic moment' with disinflation amid tight labor market, says CEA Chair

Economists discuss the state of the U.S. economy, effects of Bidenomics, inflation outlook, and more.

8/31/2023

U.S. inflation rate creeps higher, PCE finds, leaving Fed with more work to do

US inflation remains above 3% as the cost of goods and services rose by 0.2% in July, prompting speculation that the Federal Reserve may freeze interest rates to manage inflation without causing a recession.

8/31/2023

Inflation is rising again, and Bidenomics is still to blame

President Biden's new spending initiatives, including the "Inflation Reduction Act," are likely contributing to an increase in inflation, counteracting his claims that inflation is under control and negatively impacting the financial situation of average Americans.

9/11/2023

White House Accused of Planning to Manipulate Oil Prices Ahead of 2024 Election

The Biden administration may artificially depress inflation by using taxpayer money to manipulate the global oil market and replenish the Strategic Petroleum Reserve, in an attempt to lower gas prices and improve the president's chances of re-election.

9/13/2023

Inflation Continues Upward Trend Despite Biden Administration's Claims Prices Are Cooling

Despite claims by the Biden administration and corporate media that inflation is decreasing, the latest consumer price index from the Bureau of Labor Statistics shows that Americans paid 3.7 percent more for basic consumer items in August compared to the previous year.

9/15/2023

Biden Vows Action on Inflation After Gas Prices Hit 14-Month High

President Joe Biden has promised to lower U.S. gasoline prices, addressing voter frustration over the economy as consumer inflation rises.

9/19/2023

Median Household Income Drops $7K Since 2019; Families Lose Ground Despite Stimulus Checks

The Biden administration's economic policies, known as "Bidenomics," have led to inflation and a decrease in median household income, causing American families to lose ground economically. The media's focus on the poverty rate ignores the negative impact of government welfare programs and inflation on Americans' financial well-being.