Biden looks to pivot on inflation, but it may be too late
By
Haisten Willis
May 16, 2024 6:00 am
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President Joe Biden wants to talk about falling inflation. Whether voters believe him could decide the outcome of the 2024 election.
Biden likes to point out that inflation has tumbled from its high of 9% in June 2022, even claiming it was that high when he came into office. But prices are still rising and are far above where they were when Biden entered the White House.
“On Wednesday, the country hit a sad milestone: Inflation under President Biden hit 20%,” Job Creators Network CEO Alfredo Ortiz said following the latest consumer price index report. “As a result, ordinary Americans face a cost-of-living crisis and declining living standards, with price increases outpacing wages.”
With that figure in mind, Republicans are going to harp on “Bidenflation” as an evil force zapping away earnings regardless of what happens from here until Election Day.
“Not one thing is cheaper under Crooked Joe — food, gasoline, cars, trucks, rent, and mortgages are all through the roof,” Trump said in a video released Wednesday morning. “Biden’s price hikes are killing the American dream.”
Biden is still holding out hope the Federal Reserve will cut interest rates before November, giving him a win he can sell on the campaign trail as “Bidenomics.” The April CPI report was a step in the right direction as inflation fell slightly to 3.4% year-over-year.
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https://www.washingtonexaminer.com/news/white-house/3005499/biden-looks-pivot-inflation-but-may-too-late/
