{"id":1028550,"date":"2023-12-12T18:05:59","date_gmt":"2023-12-12T18:05:59","guid":{"rendered":"https:\/\/democrats.org\/?p=1028550"},"modified":"2024-05-16T18:27:43","modified_gmt":"2024-05-16T18:27:43","slug":"new-cpi-numbers-show-president-bidens-bidenomics-agenda-boosting-hardworking-families-after-maganomics-failed-them","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/new-cpi-numbers-show-president-bidens-bidenomics-agenda-boosting-hardworking-families-after-maganomics-failed-them\/","title":{"rendered":"New CPI Numbers Show President Biden\u2019s Bidenomics Agenda Boosting Hardworking Families After MAGAnomics Failed Them"},"content":{"rendered":"\n
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In response to today\u2019s CPI report, <\/em>DNC National Press Secretary Sarafina Chitika released the following statement:<\/em><\/strong><\/p>\n\n\n\n

\u201cToday\u2019s CPI report is the latest proof that President Biden is delivering for hardworking families as he continues to lower costs and grow the economy from the middle out and the bottom up. Thanks to the president\u2019s leadership, inflation is down by nearly two thirds from its peak, costs of necessities like gas and eggs are falling, and inflation-adjusted wages are higher than before the pandemic. While MAGA Republicans are focused on lining the pockets of the ultra-wealthy and big corporations and fighting tirelessly to gut Social Security and Medicare, President Biden and Vice President Harris are determined to finish the job and continue lifting up working families.\u201d <\/p>\n\n\n\n

NEW: Today\u2019s CPI report shows that inflation eased in November, another clear sign that Bidenomics is growing the economy.<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cInflation eased in November as gas prices fell\u201d<\/p>\n\n\n\n

Business Insider<\/a>: \u201cInflation slows again as gas prices tumble to earth\u201d<\/p>\n\n\n\n

CNN<\/a>: \u201cInflation is slowly coming down and no longer outweighing Americans\u2019 wages\u201d<\/p>\n\n\n\n

Peter Baker, New York Times<\/a>: \u201cInflation ticked down to 3.1% last month, far below its peak last year.\u201d<\/p>\n\n\n\n

Bidenomics is growing the economy from the bottom up and middle out and lowering costs for working families \u2014 under President Biden, the U.S. has seen unprecedented job growth.<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cUS Payrolls Rise 199,000; Jobless Rate Drops to 3.7%\u201d<\/p>\n\n\n\n

The Hill<\/a>: \u201cPresident Biden\u2019s reelection campaign said the president is cleaning up the economic disaster left behind by former President Trump, hailing the strong jobs report released Friday. Labor Department data showed the U.S. economy added 199,000 jobs in November, and the unemployment rate fell to 3.7 percent, which was above economists\u2019 expectations.\u201d<\/p>\n\n\n\n

GasBuddy Head of Petroleum Analysis Patrick De Haan<\/a>: \u201cBREAKING: According to GasBuddy data, the median U.S. gas price has *just* fallen to $2.99 per gallon for the first time since 2021! More than half of U.S. gas stations are below $3!\u201d<\/p>\n\n\n\n

Meanwhile, Trump\u2019s MAGAnomics agenda left him with the worst jobs record in modern American history.<\/strong><\/p>\n\n\n\n

Fortune<\/a>: \u201cTrump to leave office with the worst jobs record since Herbert Hoover\u201d<\/p>\n\n\n\n

Washington Post<\/a>: \u201cPresident Trump took office at the crest of the longest economic expansion in U.S. history. He leaves presiding over the worst labor market in modern U.S. history, as an already-sputtering economic recovery has turned negative.\u201d<\/p>\n\n\n\n

Bloomberg<\/a>: \u201cTrump\u2019s Jobs Record Fell Short of Promises Even Before the Virus\u201d<\/p>\n\n\n\n

Trump created an economy that prioritized the ultra-wealthy and large corporations at the expense of America\u2019s middle class \u2014 while running up the deficit. <\/strong><\/p>\n\n\n\n

Washington Post Analysis<\/a>: \u201cOne of President Donald Trump\u2019s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he\u2019s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump\u2019s time in office.\u201d<\/p>\n\n\n\n

Washington Post Analysis<\/a>: \u201cThe growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center.\u201d<\/p>\n\n\n\n

Politico<\/a>: \u201cThe nation\u2019s fiscal outlook looks ever bleaker, thanks in part to deficit spending during President Donald Trump\u2019s first term, Congress\u2019 nonpartisan budget scorekeeper projected Tuesday.\u201d<\/p>\n\n\n\n

Trump\u2019s reckless trade policies created new incentives for big corporations to ship hardworking Americans\u2019 jobs overseas. <\/strong><\/p>\n\n\n\n

Brookings<\/a>: \u201cSo over the years of the Obama administration there was a gradual recovery in manufacturing jobs and hours worked. Trump managed to destroy that through his ill-advised tariff tantrums in a short two years and put manufacturing into a recession.\u201d<\/p>\n\n\n\n

Bloomberg<\/a>: \u201cAnother signature Trump policy, the trade war with China, actually hurt some of the manufacturers and farmers it was supposed to help. The Tax Foundation estimates if tariffs remain, 179,800 full-time equivalent jobs could be lost.\u201d
Washington Post<\/a>: \u201cU.S. manufacturing was in a mild recession for all of 2019, according to data released Friday by the Federal Reserve.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

In response to today\u2019s CPI report, DNC National Press Secretary Sarafina Chitika released the following statement: \u201cToday\u2019s CPI report is the latest proof that President Biden is delivering for hardworking families as he continues to lower costs and grow the economy from the middle out and the bottom up. Thanks to the president\u2019s leadership, inflation […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1028550","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nNew CPI Numbers Show President Biden\u2019s Bidenomics Agenda Boosting Hardworking Families After MAGAnomics Failed Them - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/new-cpi-numbers-show-president-bidens-bidenomics-agenda-boosting-hardworking-families-after-maganomics-failed-them\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-12T18:05:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-16T18:27:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/05\/War-Room-Master-Image.png?w=1024\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/new-cpi-numbers-show-president-bidens-bidenomics-agenda-boosting-hardworking-families-after-maganomics-failed-them\/\",\"url\":\"https:\/\/democrats.org\/news\/new-cpi-numbers-show-president-bidens-bidenomics-agenda-boosting-hardworking-families-after-maganomics-failed-them\/\",\"name\":\"New CPI Numbers Show President Biden\u2019s Bidenomics Agenda Boosting Hardworking Families After MAGAnomics Failed Them - 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