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As Above So Below
White House says Biden has sparked 'historic economic BOOM' as stock market plunges into bear market amid record inflation, high gas prices and recession fears: Claims Americans 'are well positioned to face these challenges' thanks to the President
The White House defended President Joe Biden's economic record on Monday as the nation experienced historic inflation, gas prices over $5 a galloon and the stock market dropping. White House press secretary Karine Jean-Pierre argued President Biden actually made historic economic gains, which would help the American people go through these economic 'challenges.' She blamed inflation - prices in May were 8.6% higher than a year earlier - the greatest increase since 1981 - on the covid pandemic and on Russian President Vladimir Putin's war in the Ukraine. 'You know, with this price, high inflation coming, coming out every once in a generation, global pandemic, all of those things play a factor,' Jean-Pierre said. But, she argued, that America would bounce back under Biden. 'The American people are well positioned to face these challenges because of the economic historic gains that we have made under this president in the last six months,' she noted.
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