Tuesday, Joe Biden delivered a speech celebrating his administration’s biggest legislative victory yet, the signing of the “Inflation Reduction Act.”
Biden also suggested inflation is lifting and the economy is getting back on track, but an unfortunately-timed fall in the stock market ruined Biden’s shining moment on TV.
Across news networks, a stock market ticker showed the Dow Jones Industrial Average down nearly 4% as a result of the bill’s signing, providing an ironic – and deflating – overlay for Biden’s remarks:
Screen capture from Fox News coverage:
During the same coverage from Fox News, business-centric host Neil Cavuto interrupted Biden’s speech with what he called a “hard, cold dose of reality” for Americans listening to the President’s misinformation-ridden remarks.
As Cavuto notes, the stock market is sinking after the newest inflation numbers released this week showed rates still very high. Many groceries, gas, and countless other necessities still cost Americans 10-50% more now than before Biden entered office.