You know how we constantly hear from the Biden regime, and sometimes President Joe Biden himself, about how the inflation rate has decreased or that it’s slowing or that HIS economy is doing well? First, what he’s not telling you is that, if it has slowed or gone down, it’s only that way because it was previously so high from what his regime caused it to be in the first place. And second, even if it has slowed or gone down, it’s still at least almost twice as high as it was under his predecessor.
But, the reality might be that it’s actually much worse than that, either because of conveying misinformation from fudging the numbers or because of straight incompetence among his regime.
Well, data from a data methodology and transparency site called Truflation paints a much different story than even White House Press Secretary Karine Jean-Pierre either tells or avoids.
According to Truflation’s U.S. aggregate data, the true inflation rate is 23.9 percent, which they report is the compounded inflation rate since January 2020.
Related: Twitter/X Finally Flags Celeb 'Economist' Paul Krugman For Lies on Bidenflation
“Average American purchasing power has been eroded by 23.90% Since Jan 2020,” the report says.
But, if you go from January 20, 2021, when Biden took office, the aggregated inflation rate was at 2.749 percent. That means that the aggregated inflation rate has jumped 21.151 percent since he became the president.
So, Biden and his minions can say whatever they like about how well they think the economy is doing, they probably only mean that it’s doing great for people like Biden and his colleagues, which makes sense since they really only care about the portfolios of the elite.
For context, Truflation compiles its data from multiple reputable “data partners,” including J.D. Power, Zillow and AAA among others.
“Truflation is based on market price data collected from more than 30 different data sources, comprising +10 million data points to deliver essential business intelligence around inflation and its underlying components,” Truflation’s U.S. Methodology’s Executive Summary states. “We provide daily unbiased data-driven inflation indexes and other economic metrics to financial products and applications through the Truflation Financial Index (Truflation) marketplace, dashboard, and APIs.”
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Jigar Shah is the director of a major government loan program.
— MRCTV (@mrctv) October 20, 2023
He gets paid to speak at private events where industry insiders get access to him to talk about loans
If this isn't an ethics violation, what is? pic.twitter.com/ZlvRVsaTmA