Biden White House Touts Economic Record During Quiet August Recess
A White House memo stated that the U.S. administration would take advantage of the quiet August recess to tout President Joe Biden’s latest string of successes.
Many Democrats and left-leaning pundits have stated this had been the best week of the president’s term.
In recent days, the Biden team started taking advantage of the data as officials have been busy highlighting the broad array of economic and legislative gains that “beat the special interests and delivered what was best for the American people.”
“We are continuing to see encouraging economic developments, including strong job growth and lower energy prices,” said Cecilia Rouse, the chair of the Council of Economic Advisors (CEA), in a statement.
But are the claims being made by the president and his administration accurate?
Zero Percent Inflation?
Biden and Vice President Kamala Harris celebrated the July annual consumer price index (CPI) that eased to 8.5 percent, down from 9.1 percent in June. They claimed that there was “zero inflation” last month.
“Before I begin today, I want to say a word about news that came out today relative to the economy. Actually, I just want to say a number: Zero,” he said during a White House address on Wednesday. “Today we received news that our economy had zero percent inflation in the month of July.”
The vice president echoed the same sentiment.
“The data shows our economy had 0% inflation in July. We have more work to do, but @POTUS and I are clear: we’re building an economy that works for all Americans,” Harris posted in a tweet.
Press secretary Karine Jean-Pierre was also ebullient over the inflation numbers, purporting that the U.S. economy had 0 percent in July.
“While the price of some things went up, the price of others, like gas, clothing, and more, dropped,” she posted on Twitter.
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