Economy

IT'S MY PARTY AND I'LL LIE IF I WANT TO: Biden Has Inflation Reduction Party Hours After Terrible Report

posted by Hannity Staff - 9.13.22

The news wasn’t good, Joe.

According to a report from The New York Post, prominent GOP voices are blasting President Biden for holding his Inflation Reduction Act celebration after a terrible inflation report Tuesday morning.

“You can’t make it up: Hours after this terrible inflation report, the White House is hosting an ‘inflation reduction’ celebration,” Senate Minority Leader Mitch McConnell tweeted. “Democrats have spent our economy into disaster and now they’re partying while families pay. They could not look more out of touch if they tried.”

Biden sent a tweet early Tuesday —after the bad inflation report —promoting the party.

“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.”

The Republican staff on the House Ways and Means Committee tweeted, “For a majority of low-income households, rising prices have become a source of ‘major financial stress’ as inflation has wiped out 26 million low-income households’ savings since Biden took office. The so-called ‘Inflation Reduction Act’ is, ironically, set to make things worse.”

“Grocery costs have surged 13.5 percent over the last year — a 43-year high!” wrote Rep. Vern Buchanan (R-Fla.). “It’s no surprise 78 percent of hourly workers are unsure they’ll be able to afford food in the next two weeks. #Bidenflation is draining Americans’ wallets and savings accounts. Plain and simple.”

House Rep. Elise Stefanik (R-NY) also blasted the Biden Administration for being “out of touch.”

“Today inflation came in hotter than expected, it is a tax on ALL Americans, and it has skyrocketed because of Joe Biden’s out-of-control spending. This afternoon Biden & House Dems will take a ‘victory lap’ for their Inflation Expansion Act. They couldn’t be more out of touch.”

GOP House Committee on Agriculture had a reminder for Biden & co.

“Today, the average American family is wondering if they can afford to put dinner on the table. Meanwhile, Democrats are hosting a celebration at the White House for their budget-busting hijinks.”

From The New York Post:

Although the annual inflation rate in August of 8.3% nudged lower from 8.5% in July and 9.1% in June, the Bureau of Labor Statistics reported that new monthly data included worrying news as well — as a demand-driven decline in gas prices offset other increases.

“Increases in the shelter, food, and medical care indexes were the largest of many contributors to the broad-based monthly all items increase. These increases were mostly offset by a 10.6-percent decline in the gasoline index,” the official report said.

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