from Zero Hedge
As his approval rating plunged below 40 for the first time – and is now significantly below that of President Trump at this time in his term – President Biden knew he had to come out and address the fact that despite all his promises, the average American is facing prices on consumer goods rising at their fastest in 40 years.
In a statement from The White House, the president blames the pandemic, says he has lots of tools, empathizes with ‘real stress at the kitchen table’, and then tells a giant fib about wages…
My two top economic priorities have been to create a growing economy with more good-paying jobs, and to lower the prices Americans have faced from the global problem of inflation related to the pandemic. We have seen historic success on the first priority, with the greatest year of job growth in history, Americans finding better jobs, better wages, and better benefits, along with the fastest economic growth in decades. On higher prices, we have been using every tool at our disposal, and while today is a reminder that Americans’ budgets are being stretched in ways that create real stress at the kitchen table, there are also signs that we will make it through this challenge.