The Ben Shapiro Show Ep. 1574 - Joe Biden Celebrates Reducing Inflation…As Inflation Continues To Explode
Sep 14, 2022
The podcast dives into President Biden's celebratory event for the Inflation Reduction Act, juxtaposed with spiraling inflation stats. It humorously critiques the disconnect between government narratives and the struggles of everyday Americans facing rising costs. The discussion examines the political ramifications, including the challenges for Senate candidates. Additionally, the misleading nature of legislative names and the implications for public trust in government are explored, highlighting fiscal contradictions amidst ongoing economic turmoil.
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Inflation Remains Stubborn
- The August CPI report reveals stubbornly high inflation at 8.3%, exceeding predictions.
- Core inflation, excluding energy and food, rose by 6.3%, indicating broad price pressures.
Food and Housing Costs Surge
- Food prices and new vehicle costs continued to rise sharply in August.
- Rising housing costs, especially rent, contribute significantly to overall inflation.
Biden's Inflation Claims Challenged
- Joe Biden tweeted that data shows progress in fighting inflation, claiming prices were flat and wages were up.
- Ben Shapiro countered this, highlighting rising food, energy, and rent costs, and the fact that wage increases are being offset by inflation.