“Look, because of the strong foundation we’ve built, we’re better positioned despite [sic] any country in the world to overcome the global inflation we’re seeing,” Biden said towards the end of the speech, adding later, “I count recovery as going from where we are today in terms of the economy, to stability, to make it stable. It is strong as can be but for inflation, but for gas and food.”
That’s what President Joe Biden had to say on Friday about America being better positioned than any other nation when it comes to the fight against inflation.
But you can’t exactly disregard gas and food inflation, or inflation in general when making that argument.
Friday was the same day that the Bureau of Labor Statistics announced that the CPI had climbed higher than anticipated to 8.6%. And AAA noted that the national average for gas is now $4.99.
Maybe he’s right, but it seems awfully early to start claiming victory over inflation just yet.
