Videos: Biden Celebrates ‘Inflation Reduction Act’ As Stock Market Tanks Due To Rising Inflation
CNN and other news networks broadcast a split screen of Joe Biden ‘celebrating’ the passage of his ‘Inflation Reduction’ Act while the Dow Jones simultaneously tanked to its lowest point for two years on the news that inflation is still at record highs.
The Dow Jones fell by over 1,200 points and the S&P 500 fell more than 4% on Tuesday following the August CPI report, which highlighted how inflation rose by 0.1% despite gas prices reducing slightly.
The inflation rate in August was 8.3% according to the report.
The report also found that wages are down 2.8% and energy prices surged 15.8%, the biggest rise in four decades.
Grocery prices are up 13.5% from last year and are at their highest for 43 years.
Some Americans can’t even afford to buy food and are turning to ‘buy now pay later’ desperation:
Yet the White House describes this as “welcome moderation”:
The Press Secretary also claims that the inflation report shows “progress in bringing inflation down.”
Did someone give her the wrong report?
No, she’s just flat out lying again:
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