The August inflation rate came in this morning hotter than expected at 8.3%.
Breaking News: CPI number is out!
Inflation hotter than (experts) expected at 8.3% from year agoOnce again Main Street knew the number would be hotter than Wall Street.
— Charles V Payne (@cvpayne) September 13, 2022
Joe Biden and Democrats were planning to celebrate their “Inflation Reduction Act” Tuesday at the White House.
Exactly four weeks ago, I signed the Inflation Reduction Act into law.
So today, we're celebrating.
Tune in at 3 PM ET as I deliver remarks and welcome the leaders and advocates who made it happen to the People's House.
— President Biden (@POTUS) September 13, 2022
Democrats blew another $700 billion in a green energy spending bill and called it the “Inflation Reduction Act” in August.
Democrats believe spending billions reduces inflation.
Joe Biden is holding a celebration of the “Inflation Reduction Act” at the White House this afternoon https://t.co/ROEYCpy0aC
— Charlie Spiering (@charliespiering) September 13, 2022
Inflation is still surging in the US.
Today’s consumer prices report has busted Biden’s spin – inflation is still surging.
Consumer prices have been at or above 5% for 16 straight months. Real wages have been negative for 17 straight months, ever since Biden passed his “stimulus.”
Biden is the Pay Cut President. pic.twitter.com/9VmotvkdOT
— Tommy Pigott (@TommyPigott) September 13, 2022
US markets are down 850 points following the news.
Joe Biden called this “progress.”
Today’s consumer prices report has busted Biden’s spin – inflation is still surging.
Consumer prices have been at or above 5% for 16 straight months. Real wages have been negative for 17 straight months, ever since Biden passed his “stimulus.”
Biden is the Pay Cut President. pic.twitter.com/9VmotvkdOT
— Tommy Pigott (@TommyPigott) September 13, 2022
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