Biden Says US Economy Is ‘Strong as Hell’ — White House Claims the President ‘Has Done the Work’ to Fix Inflation

Biden Says US Economy Is "Strong as Hell" — White House Claims the President "Has Done the Work" to Fix Inflation

U.S. President Joe Biden has been criticized for stating that the U.S. economy is “strong as hell” as inflation rises to a 40-year high. Meanwhile, the White House claims that Biden understands and “has done the work” to fix the inflation issue. Joe Biden Believes the U.S. Economy Is ‘Strong as Hell’

President Joe Biden was criticized on social media Monday for stating over the weekend that the U.S. economy is “strong as hell.”

Responding to a reporter’s question Saturday about whether he had any worry about the strength of the U.S. dollar amid rising inflation, Biden replied while eating ice cream at a Baskin-Robbins in Portland, Oregon: I’m not concerned about the strength of the dollar. I’m concerned about the rest of the world. Our economy is strong as hell.

“Inflation is worldwide. It’s worse off than it is in the United States,” he continued. “So the problem is the lack of economic growth and sound policy in other countries, not so much ours.”

Many people took to Twitter to disagree with Biden, reminding the president that many Americans are struggling. Some people tweeted, “reality says otherwise,” pointing out that the S&P 500 is down more than 25% so far this year.

Congressman Lance Gooden (R-TX) tweeted that in reality “65% of Americans say the economy is getting worse.” Ronna McDaniel, chair of the Republican National Committee, referenced a recent CNN poll stating that 78% of Americans say the economy is “poor.” A U.S. House candidate from Texas, Wesley Hunt, tweeted a list of items that have gone up in price, including fuel, airline fares, eggs, gas, and food.

Commenting on Biden’s remark that the U.S. economy is “strong as hell,” former Chrysler CEO Bob Nardelli opined: “It’s totally not valid, it’s not correct, it’s a misstatement … and it is luring our people into complacency … We are suffering out there … We gotta start seeing the world the way it is.” White House Claims Biden ‘Has Done the Work’ to Fix Inflation Issue

White House press secretary Karine Jean-Pierre reportedly stated during Monday’s press briefing at the White House that President Biden has “done the work” to fix the inflation issue. Responding to a reporter’s question, she said: The president understands … that inflation is an issue, high costs is an issue for the American people, and so he’s been very clear about making that his number one economic priority. And he has done the work.

In September, Biden was slammed for stating that inflation had not spiked for months. In August, he was criticized for claiming that the U.S. economy had 0% inflation. In June, the Biden administration was accused of propaganda and redefining the technical definition of a recession. Tags in this story inflation, Joe Biden Inflation, joe biden recession, joe biden strong economy, Joe Biden US economy, president joe biden, US economy strong as hell

Do you agree with President Joe Biden about inflation and the state of the U.S. economy? Let us know in the comments section below. Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Bank of America and JPMorgan Say US Economy Is Doing Well, Consumers Are in Good Shape Despite Inflation ECONOMICS | 6 hours ago Argentina to Launch "Fair Prices" Program to Battle Raging Inflation Numbers ECONOMICS | 21 hours ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleFrance’s 3rd Largest Bank Societe Generale’s Subsidiary Obtains Registration as Digital Asset Service Provider Next articleBank of America and JPMorgan Say US Economy Is Doing Well, Consumers Are in Good Shape Despite Inflation Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design