Exactly one year ago, President Joe Biden predicted that inflation would be temporary. No one except his supporters believed him at the time, and the latest numbers say that inflation is still worsening, not improving.
“Our experts believe, and the data shows, that most of the price increases we’ve seen were expected and expected to be temporary,” Biden said on July 19, 2021.
Instead, inflation has been at or above 5% for the last 14 months, and was 9.1% in June with no signs of abating.
The problem with Biden's response to inflation, is that there really hasn't been much of a response. What does he care? He's a multimillionaire with three houses getting payoffs from China.
As for the rest of us, well, election time is coming!
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