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August 16, 2022

Biden Signs "Inflation Reduction Act" While Media Lies To Cover For Him

Last week Biden claimed that an 8.5% monthly inflation rate was a 0% inflation rate, just because it hadn't increased from the previous month's 8.5% inflation rate.

This makes as much sense as doing 115 mph on the highway and when the cop pulls you over, saying, "Officer, I wasn't speeding. I did not increase my speed all through that straightaway. Therefore my net speed was zero miles per hour."

Change in the rate of speed is not speed; it is acceleration.

And "No net change in inflation" does not mean there's a zero percent rate of inflation. It means it did not change from its high rate. Biden can claim, for a month, there was no acceleration in the ever-increasing price of goods and services on his watch, but not that there was no change in prices.

There was a change. 8.5% of a change, in fact.

Biden lied, and the media carried water for him.

But they're truth tellers!

As Joe Concha reports, they skipped the whole "fact-checking" aspect of their corrupt grifter business, despite this being one of the major stories of last week.

"I just want to say a number: zero. Today, we received news that our economy had zero 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. The result? Zero inflation last month."

That was President Biden speaking to the country Wednesday. His administration has attempted to redefine what infrastructure means (it's not only about improving roads, bridges and power grids but also about paid family leave and child care) and what a recession means (it's not two straight quarters of negative gross domestic product growth anymore). But it just moved into the lead to win the "Lie of the Year" award with the claim that the U.S. economy is experiencing zero inflation.

The facts: Inflation still stands near a 40-year high and came in at 8.5 percent in July.

"Prices have risen across a wide range of goods and services, leaving most Americans worse off," The Associated Press reported this week. "Average paychecks are rising faster than they have in decades -- but not fast enough to keep up with accelerating costs for such items as food, rent, autos and medical services."

In other words, the money coming into the average household still isn't keeping up with the cost of everyday items. But the president and this administration decided to turn the most basic economic norms on their head for cheap political gain by arguing that since the inflation rate fell by six-tenths of a percentage point to 8.5 percent in July compared to the same month of last year, that somehow means zero percent.

As a fun game to play on a summer weekend, imagine what would have happened if the previous president attempted to spin numbers with alternative facts in this fashion. The U.S. media would have screamed about the need for transparency and truth, and the fact checks and scathing editorials would commence. Yet that didn't happen here with his successor.

A check of Politifact shows that the site has not conducted a fact check of the president's zero inflation claim since he made it five days ago. It has fact-checked former President Trump and Florida Gov. Ron DeSantis (R) on three occasions this month, however.

Fact-checker Snopes also has not fact-checked Biden's zero inflation claim. And as for FactCheck.org, same result: Crickets on the president's economic argument.

How about The New York Times? Surely at least one columnist has put pen to paper to hold the Biden administration accountable on the issue that ranks as Americans' top concern.

Biden just signed the bill he also lies about, calling it an "Inflation Reduction Act," even though analysts say it will not reduce inflation.

I'm just listening now. He comes on around 48:00. He is slurring his words, dropping consonants like they're Jeffrey Toobin contracts, and doing that alternating YELLING LIKE A RACIST OLD MAN WHO THINKS THE JAMAICAN NURSE STOLE HIS PILLS and harsh pervy whispering like Aqualung offering his hot crusty bumpy lap to Ashley.

And I have to stress, he is randomly YELLING things. He is just YELLING random words withOUT regard to whether they HAVE any particular RELEVANCE or impact to THE message.

It is obvious THAT -- THAT! -- he does not UNDERstand the words on the telePROMPter that he is seeING for the FIRST time SO he does not KNOW what is imporTANT and what IS not, FOLKS, FOLKS, I'm serious, his mind is tunafish with too much mayoNAISE!!! It's too squishy wet and SLOPPY!!!


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posted by Ace at 04:11 PM

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