• Latest
  • Trending
Biden Vows to Spend Billions on ‘Climate Friendly’ Military Vehicles

Biden Downplays Inflation in ’60 Minutes’ Interview

09/19
Exclusive: ‘Trans Kids’ Henrico Teacher Revealed as Antifa Member Who Wants to ‘Kill’ His ‘Enemies’

Exclusive: ‘Trans Kids’ Henrico Teacher Revealed as Antifa Member Who Wants to ‘Kill’ His ‘Enemies’

02/03
Video: White Girl, Age 9, and Brother, 10, Savagely Beaten by Black Teens on School Bus

Video: White Girl, Age 9, and Brother, 10, Savagely Beaten by Black Teens on School Bus

02/03
Biden Does Nothing as Chinese Spy Balloon Flies Over ‘Sensitive’ Sites on American Soil

Biden Does Nothing as Chinese Spy Balloon Flies Over ‘Sensitive’ Sites on American Soil

02/03
Video: AOC Accused of Mocking Black Clergymen After Bizarre Rant

Video: AOC Accused of Mocking Black Clergymen After Bizarre Rant

02/03
New Jersey Councilwoman Gunned Down in ‘Targeted’ Shooting

New Jersey Councilwoman Gunned Down in ‘Targeted’ Shooting

02/02
Memphis Police Department Has a Long History of Cops With Gang Ties

Memphis Police Department Has a Long History of Cops With Gang Ties

02/02
McConnell Removes Senators Who Challenged His Leadership Bid From Key Panel

McConnell Removes Senators Who Challenged His Leadership Bid From Key Panel

02/02
EXCLUSIVE: The Federal Government Is Tracking Unvaccinated People Who Go To The Doctor And To The Hospital Due to CDC-Designed Surveillance Program

EXCLUSIVE: The Federal Government Is Tracking Unvaccinated People Who Go To The Doctor And To The Hospital Due to CDC-Designed Surveillance Program

02/02
‘Deceitful or Stupid’: Chip Roy Blasts Senate Republicans Who Supported Same Sex Marriage Bill

Chip Roy Introduces Bill That Would Eliminate Pentagon ‘Diversity’ Officers

02/01
Steph Curry Petitions Officials to Block Low-Income Housing Near His Mansion

Steph Curry Petitions Officials to Block Low-Income Housing Near His Mansion

02/01
Chad Taylor Henrico County Public Schools

Exclusive: Henrico County Schools Defend Awarding Teacher Wearing ‘Trans Kids’ T-Shirt, Ignore Community Pushback

02/01
Protest To ‘Demand Police Cameras’ Organized In City Where Apparent White Man Got Stomped By Police

Protest To ‘Demand Police Cameras’ Organized In City Where Apparent White Man Got Stomped By Police

01/31
Friday, February 3, 2023
Subscribe
SUPPORT
National File
  • Home
  • Culture
    • Christianity
    • Video Games
    • Marxism
    • Snowflakes
    • Free Speech
  • News
    • Breaking News
    • International News
    • Fake News
    • Exclusive
  • Politics
    • Gun Rights
    • The Swamp
    • Deep State
    • Supreme Court
    • 2020
    • 2022
    • 2024
  • Big Tech
    • Technology
    • Alt-Tech
  • Sports
  • Education
  • Rona’
SUBSCRIBE
  • Home
  • Culture
    • Christianity
    • Video Games
    • Marxism
    • Snowflakes
    • Free Speech
  • News
    • Breaking News
    • International News
    • Fake News
    • Exclusive
  • Politics
    • Gun Rights
    • The Swamp
    • Deep State
    • Supreme Court
    • 2020
    • 2022
    • 2024
  • Big Tech
    • Technology
    • Alt-Tech
  • Sports
  • Education
  • Rona’
No Result
View All Result
National File
SUBSCRIBE
Home Economy

Biden Downplays Inflation in ’60 Minutes’ Interview

"We're in a position where, for the last several months, it hasn't spiked," Biden said of the nation's highest inflation rate since the 1980's

by Cullen McCue
September 19, 2022
in Economy
Biden Vows to Spend Billions on ‘Climate Friendly’ Military Vehicles
Share on FacebookShare on Twitter

Last Updated on September 19, 2022

President Joe Biden attempted to downplay decades-high inflation during a rare interview with 60 Minutes. The president pointed to last month’s inflation report that showed minimal increase, though year-to-year inflation still remains at its highest point since the 1980’s.

“Mr. President, as you know, last Tuesday the annual inflation rate came in at 8.3%. The stock market nosedived. People are shocked by their grocery bills. What can you do better and faster?” Biden was asked by Scott Pelley of CBS. “Well, first of all, let’s put this in perspective. Inflation rate month to month was just– just an inch, hardly at all,” Biden replied, attempting to minimize the significant economic impacts of high year-to-year inflation.

RelatedPosts

100,000 Chickens Feared Lost After Fire Devastates Massive Egg Farm in Connecticut

Media, Goldman Sachs, Blackrock, Big Tech Lay off Workers, Panic About 2008-Style Financial Collapse

Google Cuts 12,000 Jobs in Company’s Largest-Ever Round of Layoffs

“You’re not arguing that 8.3% is good news,” Pelley shot back. “No, I’m not saying it is good news. But it was 8.2% or– 8.2% before. I mean, it’s not– you’re ac– we act– make it sound like all of a sudden, my god, ‘it went to 8.2%,'” Biden said.

Pelley then interjected again to remind the president that 8.3% stands as the highest inflation rate in 40 years. “I got that. But guess what we are. We’re in a position where, for the last several months, it hasn’t spiked. It has just barely– it’s been basically even,” Biden replied. “And in the meantime, we created all these jobs and– and prices– have– have gone up, but they’ve come down for energy. The fact is that we’ve created 10 million new jobs.”

The president went on to tout low unemployment numbers — a figure that currently stands at 3.7% — in order to claim that the economy is in good shape. Biden also claimed that manufacturing jobs are “coming back in a big way.”

“It’s a process,” the president said.

"I'm not saying it's good news." On 60 Minutes, Biden admits that his policies are FAILING the American People. #Inflation #WakeUp #ampFW pic.twitter.com/r83SdXigSv

— FreedomWorks (@FreedomWorks) September 19, 2022

Economists have questioned whether unemployment figures can be used as an indicator of economic stability, as exceedingly high inflation has out-paced wage growth. Wages and salaries for civilian workers increased 1.4% in the second quarter and 5.3% over the year ending in June, according to the Bureau of Labor Statistics’ Employment Cost Index released this past July. Wages and salaries declined 3.5% over the past year, however, after surging prices are factored in.

Biden went on to claim that the economy is growing “in a way that it hasn’t in years and years.”

President Biden later told Pelley that the U.S. military would intervene in the event of a Chinese invasion of Taiwan. The president’s communications team later walked back the comments, saying that Taiwan policy has not changed. He went on to answer questions about the COVID-19 pandemic, which is now over, according to the president.

Pelley also asked a softball question about Hunter Biden, though he failed to press the president on the details of his son’s questionable business dealings.

RELATED: U.S. Strategic Petroleum Reserve at Lowest Level Since 1984 

Tags: 60 MinutesBiden EconomyEconomyInflationJoe BidenScott Pelley

Related Posts

100,000 Chickens Feared Lost After Fire Devastates Massive Egg Farm in Connecticut
Economy

100,000 Chickens Feared Lost After Fire Devastates Massive Egg Farm in Connecticut

January 30, 2023
Media, Goldman Sachs, Blackrock, Big Tech Lay off Workers, Panic About 2008-Style Financial Collapse
Culture

Media, Goldman Sachs, Blackrock, Big Tech Lay off Workers, Panic About 2008-Style Financial Collapse

January 21, 2023
Google Cuts 12,000 Jobs in Company’s Largest-Ever Round of Layoffs
Big Tech

Google Cuts 12,000 Jobs in Company’s Largest-Ever Round of Layoffs

January 20, 2023
Load More
Facebook Twitter Reddit Telegram RSS

Category

  • 2020
  • 2022
  • 2024
  • Alt-Tech
  • Big Tech
  • Borders
  • Breaking News
  • cartoons
  • China
  • Christianity
  • Civil Unrest
  • Climate Hysteria
  • commentary
  • Coronavirus
  • Culture
  • Deep State
  • Economic War
  • Economy
  • Education
  • Election Integrity
  • Elections
  • Exclusive
  • Fake News
  • Fake News Media
  • Feminism
  • Free Speech
  • Gun Rights
  • Hate Hoax
  • Human Trafficking
  • Immigration
  • Impeachment
  • International News
  • LGBTQ
  • Life
  • lifestyle
  • Marxism
  • Movies
  • National Security
  • Nationalism vs. Globalism
  • News
  • op-ed
  • Opinion
  • Opioid Crisis
  • Politics
  • Radical Islam
  • Related Stories
  • Sex Crimes
  • Snowflakes
  • Soros
  • Sports
  • States
  • Supreme Court
  • Technology
  • The Hill
  • The Swamp
  • Video
  • Video Games
  • Violent Crime
  • Vote fraud
  • Voter Fraud
  • Voter Fraud Investigation
  • White House
  • Wholesome News

Recent News

  • Exclusive: ‘Trans Kids’ Henrico Teacher Revealed as Antifa Member Who Wants to ‘Kill’ His ‘Enemies’
  • Video: White Girl, Age 9, and Brother, 10, Savagely Beaten by Black Teens on School Bus
  • Biden Does Nothing as Chinese Spy Balloon Flies Over ‘Sensitive’ Sites on American Soil

© 2022 NationalFile.com National File, LLC. Privacy. Corrections. About Us. All Rights Reserved.
Have any questions or suggestions? If you are having difficulty unsubscribing from our mail subscription please send an email here [email protected] Want to advertise with us? Please email: [email protected]

No Result
View All Result
  • Home
  • Politics
  • News
  • Culture
  • Coronavirus
  • Sports
  • 2020
  • Breaking News
  • Civil Unrest
  • International News
  • The Swamp
  • Big Tech
  • Deep State
  • Voter Fraud
  • Marxism
  • Free Speech
  • DONATE
  • SUBSCRIBE

© 2022 NationalFile.com National File, LLC. Privacy. Corrections. About Us. All Rights Reserved.
Have any questions or suggestions? If you are having difficulty unsubscribing from our mail subscription please send an email here [email protected] Want to advertise with us? Please email: [email protected]

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In