Biden's chief of staff faces fierce backlash for claiming high inflation is no longer a problem



The White House chief of staff is claiming a victory for President Joe Biden on inflation, but many on social media lashed out at him over the continued high prices they're paying.

Ron Klain complained on Twitter that the media was not covering new statistics about inflation as much as it did when inflation was at a 40-year high.

"When inflation was at 40-year highs, there was no shortage of coverage. But now," he tweeted and pointed to a report that inflation over the last half 2022 had decreased to 2% after climbing to a rate above 7%.

While Klain was spiking the football, many on social media rejected his messaging.

"How come the media isn’t focusing on the 3-month annualized number? Cmon now," replied MarketWatch European bureau chief Steve Goldstein.

"Ron, the prices are still high, the increase has just slowed because it’s a rolling 12 month calculation. Have you been to a grocery store in the last year?" read one response.

"Maybe the media doesn’t want to lose viewers through this gaslighting you guys seem to be all about… still at a 40 year high. Imo that’s nothing to write about," responded another critic.

"I have a problem with how inflation was covered, but this is a little bit like 'everyone was all talking about it when I drove drunk but now that I’m driving sober nobody even notices,'" read another response.

"Do you understand the difference between cost of living and rate of increase? If wages have not caught up to those 40-year high rates of increase, what does it matter to the average person if the rate has declined? They still can't afford basic necessities!" said another detractor.

Klain's narrative likely won't persuade popular rap artist Cardi B, who posted an expletive-filled rant about high inflation on Thursday; she wanted those in power to do everything they could to bring prices down.

Here's more about inflation hurting Americans:

Consumer debt skyrockets as historic inflation persistswww.youtube.com

Biden claims his economic plan is 'working' despite historically high inflation



The Biden administration faced an onslaught of online criticism after saying that his economic plan was "working" despite the year-over-year inflation figure remaining historically high.

President Joe Biden addressed the newest inflation report on Wednesday from the White House.

"I want to say a word today about news that came out today relative to the economy. Actually I just want to say a number: zero," said Biden.

"Today we received news that our economy had zero percent inflation in the month of July. Zero percent. Here's what that means. While the price of some things go up, went up last month, the price of other things went down, by the same amount," he continued.

"The result is zero inflation last month," Biden added. "But people are still hurting. But zero inflation last month."

Biden went on to say that the low unemployment rate and an increase in jobs added last month showed that his economic policies were working well.

"Our work is far from over but two things should be clear," said Biden.

"First the economic plan is working and second is building an economy that will reward work. Wages are up this month, provide opportunity, help the middle class and still have work to do but we're on track," he added.

Many on social media took Biden to task for claiming that inflation was zero percent based on the monthly inflation figure that completely ignored the year-over-year figure that remained historically high.

While Biden may believe his policies are working, the voters do not. Polls have shown that Americans are hurting from high inflation and they blame the high spending policies of the Biden administration far more than other contributors, such as the war on Ukraine and the pandemic lockdown.

Here are Biden's comments on the inflation fiasco:

Biden Says There Was 'Zero Inflation' in Julywww.youtube.com