Biden tells corporations to bring down their prices since "inflation has come down," gets fact checked to high heaven
· Dec 1, 2023 ·

This right here is Bidenomic Theory:

This is the reality:

Yeah, sorry, Jack, but just because inflation isn't 8% anymore doesn't mean prices are going down. But you wouldn't know that, you're a dead guy, so what do prices matter to you? Seriously though, this is such an incredible level of dumb. Let's click on just one of those links Twitter left in the Community Notes.

Simple stuff, Jack:

When talking about inflation, it's important to remember that inflation is a rate that measures how fast prices are rising. If the consumer inflation rate drops from its 40-year high of 8.6% in May, prices are still rising - just not as fast.

Currently, inflation sits at 3.2% (the Fed's ideal is 2%).

And this is why I do my journalisming on X, or Twitter. They don't work for the government. They do real fact checks.

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