HYGONews Week’s Most Popular Stories 10/16.
On 10/15/2022, President Joe Biden delivered remarks on ‘lowering costs for Americans families’ at the East Portland Community Center in Oregon. Biden arrived to Portland, Oregon after a brief stop in Southern California. Biden said his Green New Deal repackaged as the ‘Inflation Reduction Act’ will help middle class families afford to buy energy efficient coffee machines. Biden on his plan to lower inflation: if you buy “an efficient coffee machine, you get a tax credit for it.” “it lowers their cost of a family on inflation — for their family, it’s reduced. It goes on. The same way what’s in the Inflation Reduction Act has to do with your ability to be able to get tax credits for buying — if you need a new coffee machine, a new washer, a new refrigerator, and you buy an efficient refrigerator, efficient coffee machine, you get a tax credit for it. It costs you less money.”
Biden said in 1922, about blood pressure drug and Medicare, but the drug blood pressure drug only available in 1950s & Medicare started in 1965. “Look, in 1922, the price for one blood pressure drug that millions of Medicare patients — beneficiaries rely on went up one — went up by 500 percent. Five hundred percent. Another drug used to treat autoimmune conditions increased by $1,000 this year. One thousand dollars. Those of you who are on it, you’ll know what I’m telling you to be true. It’s outrageous.” However On July 30, 1965, President Lyndon Johnson traveled to the Truman Library in Independence, Missouri, to sign Medicare into law.
Joe Biden Opens Oregon Speech With Bizarre Exchange About Audience Seating Options. Things aren’t going well…
Biden brags and tries to spin that Social Security was going to go up as something positive due to record inflation, “And earlier this week, we announced that Social Security benefits are going to go up an average of $140 a month beginning — starting next year. Seniors are going to be ahead of inflation next year. For the first time in 10 years, Social Security checks are going to up”
On 10/11/2022, during briefing, White House Press Secretary Karine Jean-Pierre claimed that disposable income is up and gas prices are down. “We have seen some important progress for the American people. A couple of things that I will lay out: We’ve seen real disposable income and real consumer spending both increase in part thanks to the strength of our job market, gas prices are down over $1 per gallon since their peak this summer,” Jean-Pierre said. In reality, disposable income is LOWER than when Biden took office and gas prices are up 64%. Inflation is outpacing wages due to Joe Biden’s tax-and-spend policies. Gas prices are spiking in many states again, Washington, Oregon, Nevada, California, Michigan and other states are seeing a sharp rise in gas prices.
A reporter asked Jean-Pierre, “We get the consumer price index for September on Thursday. What does the administration expect from that?”
MS. Jean-Pierre: So you’re talking about the CPI? The in- — the upcoming number on inflation? So, look, you know, the President has made — as far as his economic policy, he’s made lowering costs for the American people, bringing it — that — … we know that we’re — there’s more work to do, but we have seen some important progress for the American people. A couple of things that I’ll lay out: We are — we’ve seen real disposable income and real consumer spending both increase, in part thanks to the strength of our job market. Gas prices are down over one dollar per gallon since their peak this summer.
Reporter: So the IMF cut global forecasts today and for the U.S. I’m wondering if that forecast matches what the White House is seeing internally and if you have any concerns about their warning that, you know, “The worst is yet to come.”
MS. Jean-Pierre: So, I — I’ve said this before, and I’ll say this again. You know, the — the President has a message for the American people, and he wants them to know the following: Because of Americans’ resilience and the economic strategy we pursued from day one in this administration with his economic policy, the United States of America is in a stronger position than any other country to nagiva- — navigate what we’re seeing currently … Look, jobs are up, incomes are up …
Reporter: The IMF Director of Research, with their report — their global report came out. He said that the three largest economies in the world — the U.S., China, and the eurozone —
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HYGONews Week’s Most Popular Stories 10/16; Biden gaffes, Inflation Reduction Act, tax credit, climate.