Clueless Joe Biden Says Not Worried About Inflation or Markets: “I Think We’re Going To Be Fine”

Once again President Biden proved that he is out of touch with reality.

On Tuesday, Biden also displayed his lack of empathy for Americans dealing with the fallout from his destructive economic and cultural policies.

The unpopular, mentally struggling Commander in Chief, could not explain how the administration would deal with the unexpectedly high inflation numbers, as they triggered a sudden plunge in the stock market.

“I think we’re going to be fine,” Biden told reporters Tuesday night when asked about the disappointing data release earlier in the day.

The Dow Jones tumbled more than 1,200 points and the S&P 500 fell more than 4% on Tuesday after the disappointing August inflation report and Joe Biden is at the White House taking a victory lap.

The president spoke briefly to reporters after traveling to Delaware from the White House to vote in his home state’s primary election.

Biden dismissed the month-to-month overall inflation number as “one-tenth of 1 percent” from the previous month, even though grocery prices rose 0.7 percent in August, rent rose 0.7 percent, the cost of electricity rose 1.5 percent, and natural gas prices rose 3.5 percent. Inflation from the previous year is up 8.3 percent.

Main Staples In Americans Lives Were All Up

• The inflation rate in August was 8.3% – up from July.
• Grocery-food prices surged 13.5% from last year – the largest spike since 1979!
• Energy prices surged 15.8% – the most in over 40 years!

Economists, however, do not share Biden’s optimistic appraisal of the situation.

Former President Barack Obama administration economic adviser Jason Furman, now a Harvard professor, described the numbers as “extremely ugly” and Larry Summers, also a former adviser to Obama at Harvard said the United States had “a serious inflation problem.”

CNN Points Out How Ridiculous Joe Biden Looks For Taking a Victory Lap on Inflation While the Stock Market Tanks… Because of Inflation

Sponsors

PureTalk – Save Big Money On Your Cell Phone Bill  (Use Promo”FLS” to get 50% off your first month)