Times Square Humiliates Biden with Giant Billboard Blasting Inflation
'Hey Joe, stop the malarky! Inflation is real'
A new billboard in New York City’s Times Square shows Joe Biden face-palming next to a ticker of soaring consumer prices.
The roasting comes after Biden’s recent boasting about last year’s economy.
The billboard’s headline reads:
“Hey Joe, stop the malarky! Inflation is real.”
Referring elsewhere to “DemFlation,” it adds: “Small businesses and all Americans are feeling the pain.”
The animated ticker shows year-over-year cost increases from the Consumer Price Index for things like bacon, gasoline, meat, eggs, heating oil, and used cars.
The cost of gas jumped by 49.6% from December 2020 to December 2021.
Inflation hit a 40-year high of 7% in December, and Federal Reserve Chairman Jerome Powell said the central bank likely would begin to raise interest rates to curb prices.
The action will increase consumers’ costs of borrowings like loans and mortgages.
As The Washington Times reported:
"The Job Creators Network, a conservative advocacy group, has paid for the billboard above Broadway for two weeks.
"The sign is part of a six-figure campaign countering the president’s boasts about record growth in gross domestic product and jobs."
The GDP grew 5.7% in 2021, the Commerce Department reported Thursday, the fastest pace in 1984.
The economy increased in the fourth quarter at a 6.9% annualized pace as businesses began to replenish inventories.
The strong growth came after the federal government spent nearly $6 trillion in pandemic relief. The GDP shrank in 2020 by 3.4%, the most in 74 years.
As Neon Nettle reported last year, a record number of Americans said Christmas would not be about buying gifts this year due to supply chain disruptions and inflation concerns.
The White House has tried to downplay inflation concerns.
As Bloomberg reported:
White House economic adviser Brian Deese said November’s inflation report wouldn’t account for recent declines in the cost of energy and commodities, an effort by the Biden administration to downplay data that is sure to show a surge in consumer prices.
Deese said that the Consumer Price Index report to be released Friday is “backward-looking” and won’t capture “recent price movements” in gasoline and natural gas prices, as well as declines in shipping costs and commodities.
“These declines are delivering most importantly some benefit to consumers on a go-forward basis that won’t be reflected in that data,” Deese told reporters at the White House last year.