Suits: White House distorts truth about inflation
Oct 13, 2022, 3:58 PM | Updated: 4:32 pm
U.S. President Joe Biden speaks at a meeting of the White House Competition Council at the White House on September 26, 2022 in Washington, DC. Biden spoke on his Administration’s actions to lower inflation, reduce prices for consumers and raise wagers for workers. Biden was joined by Secretary of Defense Secretary Lloyd Austin. (Photo by Kevin Dietsch/Getty Images)
(Photo by Kevin Dietsch/Getty Images)
New Department of Labor statistics on inflation was released Thursday, showing that consumer prices have increased 8.2% in the last 12 months. It’s higher than they’ve been historically and unlikely to end anytime soon.
Social Security payments are also being raised significantly next year, with rates automatically increasing to adjust for inflation. The average benefit for retirees is an additional $141 a month.
Bryan Suits, host of the Bryan Suits Show on KTTH, spoke about the White House’s role in fighting (or not fighting) the rising inflation that is making even the most basic purchases difficult for the average American.
“I predict that that’s what the White House did last month, a month before, a month before that, if there’s any particular part of inflation that goes down, though, they’ll say, ‘what are you talking about?'” Suits said. “And that’s what the President said last month, is actually if you think about it, inflation went down year over year, 8.0% to 8.2%. It would have to go down by negative 8.2% for that. But anyway, that’s your great news, inflation is still around.”
You can listen to the full discussion here:
Listen to the Bryan Suits Show weekday mornings from 6–9 a.m. on KTTH 770 AM (HD Radio 97.3 FM HD-Channel 3). Subscribe to the podcast here.
