White House Brags About Chart Showing Inflation Skyrocketed After Biden Took Office

The White House was dragged on Tuesday for tweeting a chart that showed inflation is lower than it was last summer — even though the chart also showed that inflation had skyrocketed after President Joe Biden was sworn in. 

In the post, the White House celebrated inflation reaching 4%, the lowest rate since March 2021, claiming the lower rate “is giving families real breathing room.” The chart may have not been the clear victory sign the Biden administration was going for, though, as it showed the massive increase in inflation from January 2021 to May 2022 when it reached 9% under the current president’s watch. 

“Great news: Today’s inflation report shows annual inflation is now at the lowest level since March 2021, and less than half of what it was last June,” the White House tweeted. “This is giving families real breathing room.”

Great news: Today’s inflation report shows annual inflation is now at the lowest level since March 2021, and less than half of what it was last June.

This is giving families real breathing room. pic.twitter.com/l5k3B9WU2t

— The White House (@WhiteHouse) June 13, 2023

The U.S. inflation rate reached a 40-year high of 9.1% under Biden’s presidency, while the inflation rate under former President Donald Trump hovered around 2% and even hit an average of 1.2% in Trump’s last full year in the White House. Conservatives took to Twitter, blasting the tweet as another Biden blunder

“Great News: The admin points out that the moment Joe Biden took office, inflation took off!” said Steve Guest, former communications director for Sen. Ted Cruz (R-TX). 

“You’re bragging about prices continuing to increase?” Jeremy Redfern, press secretary for Governor Ron DeSantis (R-FL), asked

“Last year I gained 9 lbs. This year I only gained 4. Am I losing weight?” one Twitter user asked. 

Fox News contributor Justin Haskins argued that the White House’s argument gaslights people who don’t understand how inflation works. 

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“This is so dishonest! [The WhiteHouse] knows most don’t understand inflation. Inflation going down does not mean there is more ‘breathing room.’ It means the rate of price increases is slowing, but still going up. We are paying more than ever! We need DEFLATION for prices to go down,” Haskins tweeted

In a follow-up tweet, Haskins added that it’s “outrageous that the mainstream press is not HAMMERING Mr. Biden for these comments.” 

The slight inflation rate decrease in May came as a result of lower gas prices and increases in grocery prices and other items, POLITICO reported. The recent decrease in inflation isn’t likely to convince policymakers at the Federal Reserve that the U.S. is out of the woods because “core” prices, which the Fed mainly focuses on, rose for the sixth straight month in May.

Netanyahu: Iran, U.S. Close To ‘Mini-Deal’ Israel Can Live With

Israeli Prime Minister Benjamin Netanyahu informed officials on Tuesday about a potential nuclear deal between the U.S. and Iran that Israel would be able to accept.

After a closed-door, three-hour meeting of the Knesset’s Foreign Affairs and Defense Committee, Netanyahu stated that the deal was different than the Obama Era JCPOA (colloquially known as “The Iran Nuclear Deal”), indicating that Israel “could live with” the deal’s provisions.

“What’s on the agenda at the moment between Washington and Tehran is not a nuclear deal, it’s a mini-deal,” Netanyahu said, according to The Times of Israel. “We will be able to handle it.”

According to Israeli news sources, the deal would apparently include a cap on Iranian nuclear enrichment at its current 60% level, and the U.S. will loosen sanctions against Iran in return, releasing around $20 billion in Iranian assets. The two countries would also carry out a prisoner exchange.

A Biden administration spokesperson confirmed communication between the two countries, but denied that talks toward an interim agreement were taking place. The official characterized the claim as “false and misleading,” but did not close the door to future talks toward an interim deal, according to Reuters.

On Monday, Nasser Kanaani, a spokesman for the Iranian Foreign Ministry, also denied interest in an interim deal with Washington, but expressed willingness to return to the JCPOA. President Donald Trump pulled out of the deal in 2018.

The U.S. and Iran conducted indirect talks last month through Omani officials, Iranian government officials confirmed. The renewed talks come after previous talks between the two countries concerning a renewed nuclear deal stalled last year.

According to Axios, American negotiators focused on nuclear nonproliferation, emphasizing a “hefty price” for Iran if it reaches the 90% uranium enrichment level needed for a nuclear weapon, leaving military action on the table.

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An Israeli official warned Monday that the Jewish State would attack if Iran reached that enrichment level. In March, Israel told its American and European allies that Iranian progress above its current 60% level could trigger military action.

Iran has 251 pounds of uranium enriched to 60% purity, which Tehran claims is “for civilian purposes.” Despite the Iranians’ claim, nuclear nonproliferation experts say the country has no civilian use for uranium at this level of enrichment.

On Sunday, Iranian Ayatollah Ali Khamenei expressed support for an agreement with the West regarding Iran’s nuclear program, stating that “the existing infrastructure of the nuclear industry should not be touched.”

Netanyahu said Israel remained opposed to a return to the JCPOA and sent a message to the U.S. on Tuesday saying that Israel would not bind itself to any agreement between Washington and Tehran regarding Tehran’s nuclear program.

“More than 90 percent of our security issues stem from Iran and its [proxies],” he said, comparing them to a spreading cancer. “Our position is clear: Israel will not be bound by any deal with Iran and will continue to defend itself.”

Netanyahu added, “We are working to stop Iran and, on the other hand, we are making great efforts to expand the circle of peace. These things present us with great challenges, but also possibilities.”

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