Joe Biden has warned Americans that the rapid pace of job creation likely will not continue - but insisted that there was no need to panic over the looming economic storm.
The president will meet the chairman of the Federal Reserve, Jerome Powell, on Tuesday to discuss ways to bring inflation down.
The consumer price index has increased 8.3 percent from a year ago, the latest data shows.
The figures, from April, represent a slight ease from March's peak but were still close to the highest level since the summer of 1982.
Real wages adjusted for inflation decreased 0.1 percent on the month, despite a nominal increase of 0.3 percent in average hourly earnings. Over the past year, real earnings have dropped 2.6 percent even though average hourly earnings are up 5.5 percent.
Biden, writing an op ed in The Wall Street Journal on Monday, said he understood the hardships felt by ordinary Americans - but insisted they needed to be braced for further slowdowns.
Replies
Joes' fiscal reality is now defined in the Obaminations proclamation, that the US economy will never grow beyond two percent per year.
Seriously, how can we afford such buffoonery even in the short-term?
The decrease will be from their success in destroying the nation!!!!!
The numbers above must have been generated by a WOK math system OR Joe's Dementia Support Group... Joe, how can... "a nominal increase of .3 percent in average hourly earnings occur; while "real earnings have dropped 2.6 %... "even though average hourly earnings are up 5.5 percent?" What'd you just say, Joe?
If that isn't a bunch of gobbledegook and confused math, what is? Joe needs to stop hiring economists from his Dementia Support Group... Hey Joe your figures need to be fact-checked by sane people not victims of dementia... no matter what Soros or Pelosi tells you ... math is not subject to mandates or WOK policy.
The figures and quotes above are taken from the post, sourced by the linked Daily Mail article... courtesy of 'Dementia Anonymous' a Democratic Think Tank operating out of closet space donated by Joe and cronies Inc., 1600 Pennsylvania Ave, Washington, DC. A subsidiary of Soros International and 'Move Over World Here Comes Nancy.
Ron, dementia don't even know what he is saying, he is just reading what someone handed to him!!!!!!!!!!
The only way this clown can bring down inflation is to step down and check into a mental institution along with his drugged out VP (weed head) Harris. Nancy, Schumer and Mitchell McConnell must go, also.
Hey, Joe... you can't get rid of inflation by mandating FLATULATION or prestidigitation... try real math if you can find anyone in the Democrat Party that uses real math? Stop taking the temperature of the economy by stepping out doors and sticking a finger in the air or by asking Nancy for her latest party narrative blaming Trump for everything from runaway inflation to the lack of pablum and Baby Formula on the White House menu.
This bastard has to go. Hopefully there will be a Republican sweep in November and this fraud and his Cackling sidekick will be impeached and arrested and Pelosi will be replaced.
Larry, the gop establishment, mcconnell, mccarthy, and their minions won't change anything if they are in the majority!!!!! They and the devildemocommiecrats are on the same team looking to subjugate We the People under the new world order global dictatorship with them ruling this segment as a puppet state!!!!!!!!!!
No way I believe him when he says he understands. What an grandstanding IDIOT! No person with any pride wants to be taken care of by tghe government - which obviouisly cannot even take care of itself..
C.Y.A. Joe is smoking too much weed! Or crack! Or meth, or something!!
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