Three members of the Alabama delegation slammed President Joe Biden's economic policies after the already strained U.S. economy experienced its first rise in the rate of consumer price increases after approximately a year.
Earlier this month, the U.S. Bureau of Labor Statistics (BLS) reported a 0.2% increase in the Consumer Price Index (CPI) from June to July, ending the streak of steady declines over the last year.
According to the BLS, the CPI measures changes in prices for consumer goods and services such as food and energy. The CPI in June was 3%, whereas the CPI in July was 3.2%.
When the federal government injects more dollars into the money supply to pay for expensive government programs, the value of each individual dollar decreases. When the dollar becomes less valuable over time, prices for goods and services in dollars increase. This is known as inflation.
The BLS report immediately follows comments by Vice President Kamala Harris touting the decline in inflation rates over the past year. Meanwhile, Biden continues to claim his policies are economically advantageous to the average American. He's referred to his economic agenda as "Bidenomics."
On Friday, U.S. Sen. Tommy Tuberville (R-Auburn) shared an article on Twitter about the CPI report.
"That's Bidenomics," he wrote.
Gas prices are ⬆️— Coach Tommy Tuberville (@SenTuberville) August 11, 2023
Food prices are ⬆️
Inflation is ⬆️
Real wages are ⬇️
Tuberville again called out Biden on Monday for his historically low approval ratings. The Senator attributed this to "high inflation, a disappointing economy and weakness at home and abroad."
According to the latest Gallup Poll, Biden's approval rating is only 40%. Since the poll began in the 1950s, Jimmy Carter is the only president with a lower approval rating in July of their third year in office.
Biden's approval ratings have been as low as 37% in April of this year.
. @JoeBiden is the least popular President since Jimmy Carter.— Coach Tommy Tuberville (@SenTuberville) August 14, 2023
And for a lot of the same reasons: high inflation, a disappointing economy, and weakness at home and abroad, just to name a few.https://t.co/0z8txysn6T
U.S. Rep. Mike Rogers (R-Saks) criticized Biden on Twitter on Sunday, blaming him for rising gas prices.
Gas prices climbing again? ✅— Mike Rogers Campaign (@MikeRogersCamp) August 12, 2023
Oil reserves drained with no signs of restocking? ✅
ANOTHER burden on Americans that Crooked Joe caused. pic.twitter.com/Y8dpYdd8Sq
Also on Sunday, U.S. Rep. Barry Moore (R-Enterprise) blasted Biden for price increases in school supplies.
"Items like notebooks and crayons cost 10% more than they did last year thanks to #Bidenomics," Moore tweeted.
Prices on school supplies are at an all-time high.— Rep. Barry Moore (@RepBarryMoore) August 12, 2023
Items like notebooks and crayons cost 10% more than they did last year thanks to #Bidenomics.
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