Biden slammed for hosting Inflation Reduction Act ceremony with ‘Americans’ 401Ks going down the drain

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The Democrats’ Inflation Reduction Act is slamming President Biden for a White House celebration on Tuesday, the same day that higher-than-expected inflation was announced in August.

At the White House lawn event, Biden said the Inflation Reduction Act “was the most important law passed in Congress to combat inflation and one of the most important laws in the history of our nation,” while the stock market was in real time. fell down. As the Dow Jones Industrial Average nears, amid concerns about rising prices Worst day since June 2020,

People on Twitter immediately reacted to this absurd scene.

Carine Jean-Pierre stutters as he presses the so-called Inflation Reduction Act: ‘Is this justified?’

President Joe Biden speaks before the signing of the Inflation Reduction Act 2022, HR 5376, during a ceremony on the South Lawn of the White House on Tuesday, September 13, 2022 in Washington.

President Joe Biden speaks before the signing of the Inflation Reduction Act 2022, HR 5376, during a ceremony on the South Lawn of the White House on Tuesday, September 13, 2022 in Washington.
(AP Photo/Andrew Harnick)

Charles C.W. Cook, a senior writer for the National Review, poked fun at the celebration before the President’s speech, which included James Taylor singing “Fire and Rain”.

“Team, I just saw the CPI report. Let’s host a rally about inflation, and it starts with James Taylor singing a song about suicide,” he sarcastically mimicked Biden. wrote.

“This is not a good time to celebrate the ‘Inflation Reduction Act’ when inflation is still a big problem and is below 1,000+,” tweeted Josh Krauser, senior political correspondent for Axios.

Fox News contributor Katie tweeted, “Biden’s White House celebrates a bill that would make inflation worse by claiming to reduce inflation, basically taking out musicians playing deck chairs.” Because Titanic takes water and prepares to sink into the abyss.” Pavlich.

Daily Wire senior reporter Ryan Saavedra posted a screenshot of Fox News’ coverage of the speech, showing a Dow watch in the corner.

“Pay attention to the Dow Tracker showing American’s 401K going down the drain,” Saavedra tweeted.

Critics slam President’s bid to ‘celebrate’ signing of Inflation Reduction Act: ‘Slap in the face’

US President Joe Biden speaks during the Inflation Reduction Act event on the South Lawn of the White House on Tuesday, September 13, 2022 in Washington, DC, US.  Photographer: Samuel Corum/Bloomberg via Getty Images

US President Joe Biden speaks during the Inflation Reduction Act event on the South Lawn of the White House on Tuesday, September 13, 2022 in Washington, DC, US. Photographer: Samuel Corum/Bloomberg via Getty Images

Brent Bozell, founder and president of the Media Research Center, tweeted: “With markets falling and inflation rising, Biden has a winning party in the White House. He has no clue what’s going on.”

“Inflation is crumbling. Stocks tanking. And Biden & Co. is throwing a garden party at the White House. What to celebrate? Crushing your dreams?” Fox News and Fox Business’s Dagon McDowell lashed out.

“Never gonna be able to get over the image of Joe Biden,” tweeted Greg Price, senior digital strategist at X Strategies, who is talking about how he single-handedly beat inflation on live television because of inflation. The stock market tanked over the 1,200 mark. Forever. Moment in the history of US Presidents.”

Even CBS News senior White House and political correspondent Ed O’Keefe noted, “As @POTUS Biden and the Democratic Party celebrate the passage of the Inflation Reduction Act on the South Lawn of the White House Major stock indexes are closing down nearly 4% in response to a warmer than expected monthly inflation report.

Senate Majority Leader Chuck Schumer of NY listens as House Speaker Nancy Pelosi of California, speaks during an event where President Joe Biden signs the Inflation Reduction Act 2022, HR 5376, on the South Lawn of the White House in Washington on Tuesday will do.  , September 13, 2022.

Senate Majority Leader Chuck Schumer of NY listens as House Speaker Nancy Pelosi of California, speaks during an event where President Joe Biden signs the Inflation Reduction Act 2022, HR 5376, on the South Lawn of the White House in Washington on Tuesday will do. , September 13, 2022.
(AP Photo/Andrew Harnick)

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The Labor Department released it on Tuesday Latest Consumer Price Index Report, which shows that inflation rose 8.3% in August from a year earlier. That number was higher than expected, and has contributed to market fears that the Federal Reserve will raise interest rates higher and, for a longer period of time, than some expected, slowing the economy.

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