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‘We Are on the Right Path’: Biden Takes Victory Lap Over ‘Unabashedly Good’ Economic News
President Joe Biden followed up his news-making press conference Wednesday afternoon with a different victory lap Thursday morning, on what is being called “unabashedly good news” on the inflation front.
“Dow surges 1,000 points in biggest rally since 2020 after a lighter-than-expected inflation report,” is Thursday morning’s headline at CNBC.
“Inflation cools much more than expected in October,” CNN Business reports. “The Consumer Price Index rose 7.7% for the year ending in October, a much slower pace of increase than the 8% economists had expected and the lowest annual inflation reading since January.”
Biden, not one to brag, did decide to ride the wave of good news this week, tying his tweets into remarks he made at his press conference yesterday.
A reporter had asked the President, “What in the next two years do you intend to do differently to change people’s opinion of the direction of the country, particularly as you contemplate a run for President in 2024?”
Biden, in his usual frank manner, replied, “Nothing,” adding, “because they’re just finding out what we’re doing. The more they know about what we’re doing, the more support there is.”
“Do you know anybody who wants us to get rid of the change we made on prescription drug prices and raise prices again? Do you know anybody who wants us to walk away from building those roads and bridges and — and the Internet and so on?” Biden asked. “I don’t — I don’t know any.”
Moments later he added: “I want to build a country from the middle out and the bottom up. And that way, everybody does fine. I’m tired of trickle-down. Not a whole lot trickles down when you trickle down to hardworking folks.”
On Thursday he continued that approach in his response to the economic news.
“Today’s inflation report shows my plan is working and folks are starting to see progress,” Biden tweeted. “It’s been a hard 2 years recovering from where we were in early 2021. But our economy is open, new jobs are being created, and soon my plan to reduce drug and energy costs goes into effect.”
READ MORE: Watch: President Biden Holds Press Conference After Historic Midterm Election
That part about jobs being created was a bigger factor than many have discussed, according to The Intercept’s Ryan Grim, who pointed to their interview with U.S. Rep. Alexandria Ocasio-Cortez. The New York Democratic Congresswoman told The Intercept on Wednesday, “I think we learned an economic lesson, which is that full employment is politically stronger than inflation, as opposed to when we were in the situation under Obama, where they tried the other tack and unemployment was punished much more severely. And so I think we learned that economic message on employment.”
President Biden continued his victory lap.
“Americans are paying $1.20 less a gallon of gas than this summer, getting a much-needed break at the grocery store ahead of the holidays. And millions are saving on health insurance thanks to my legislation,” he said.
And he doubled down on his remarks Wednesday, also tweeting, “We are on the right path, and we need to keep moving forward to build an economy from the bottom up and the middle out.”
“I will work with anyone to provide more breathing room for American families. And I will oppose any effort to undo my agenda or to make inflation worse.”
Meanwhile, economists are more than pleased at today’s news on the inflation front.
Harvard economics professor Jason Furman called the Consumer Price Index report on inflation “a pleasant surprise.”
“This is a very encouraging inflation report,” said popular University of Michigan School of Economics Professor Justin Wolfers, a senior fellow at The Brookings Institution. “There’s a good chance that inflation has peaked, and is now turning down.”
He also responded to Forman, tweeting, “Even Jason sees today’s CPI report as unabashedly good news.”
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Maine Democratic U.S. Senate nominee Graham Platner is under fire after releasing a video declaring that new allegations against him are false, yet he is “taking time to reflect” on a path forward.
Politico on Monday afternoon reported that a woman who dated Platner, Jenny Racicot, “says he forced her to have sex with him nearly five years ago despite her repeated objections, an allegation Platner denies.”
“Racicot said she had an on-and-off relationship with Platner,” Politico reported, “for more than two years before he entered her rural Maine home uninvited one night in late 2021, deeply intoxicated, and forced himself on her while she repeatedly told him to stop. She said she cut off contact with him after telling him the encounter was not consensual.”
In a video posted to social media eleven minutes after the Politico story dropped, Platner says, “I wanted to directly address the troubling, serious, and false allegations against me. Any accusation of nonconsensual behavior is categorically false.”
He said he and his supporters “were united in a love of Maine, a belief that our politics must change, in a focus on defeating Susan Collins.”
“So, regardless of the inaccuracy of the reporting, but mindful the political reality will inflict, we are taking the time to reflect on the best path forward for the state that I love, the people that I love, the movement I belong to, and the goal of defeating Susan Collins.”
“Those were the goals when we launched this campaign. And they remain my goals today.”
“Throughout it all, you never turned your back on me. And I will not turn my back on you now. Every one of you deserves to see that vision come to fruition and see Susan Collins defeated. And we will use every tool at our disposal to do so.”
The Bulwark’s Tim Miller, a political commentator who served as the communications director for the Jeb Bush 2016 presidential campaign, blasted Platner.
“I’m sorry but ‘we are taking time to reflect on the best path forward’ is not an option on the table,” Miller wrote. “Either it’s false and you campaign with vigor or it’s true and you get out / apologize to everyone you let down.”
Journalist Ryan Grim, commenting on Platner’s video, noted that Platner “strongly suggests he is considering dropping out. Already Troy Jackson and Chellie Pingree, both gubernatorial candidates, are being kicked around in Maine circles as potential replacements.”
Several others, including Puck News’ Peter Hamby, predicted Platner will be dropping out.
Platner had postponed several campaign events before the Politico story was published.
— Graham Platner for Senate (@grahamformaine) July 6, 2026
President Donald Trump is facing backlash after posting a video of children — including showing their unblurred faces — graduating from kindergarten, with some of the girls purportedly wearing hijabs.
“President Trump posted a captionless video of graduating kindergarteners on Truth Social on Monday, goading his supporters into verbally attacking little children simply for being Muslim,” The New Republic reported. “The clip is from Gateway STEM Academy, a majority-Black K-8 public charter school in St. Paul, Minnesota. It shows about 21 children in caps and gowns on stage singing a song together. Most of the girls are wearing hijabs.”
The original post of the video which Trump reposted reads: “Public school in St. Paul, Minnesota. Every girl is in a hijab … in kindergarten.”
Trump did not add any comments. TNR called the post “Islamophobic, weird, and creepy,” while noting that the comments section of Trump’s post was filled with calls “by racist, xenophobic MAGA supporters” to “deport the children and ban hijabs.”
TNR also noted that it “should come as no surprise that Trump isn’t above attacking children who just learned how to read, but this post is still particularly discomforting—and will certainly contribute to the already potent level of anti-Muslim sentiment in the U.S. and in Minnesota.”
Critics blasted Trump.
“There is something deeply unsettling about the president of the United States—the most powerful person in the world—going after kindergarten schoolchildren in Minnesota because they wore hijabs, as Trump has done this morning on his website,” The Bulwark’s Sam Stein wrote.
One social media commentator wrote, “Trump posted an unblurred video of more than a dozen Muslim kindergartners to Truth Social, exposing the children’s faces while targeting them for their religion.”
Another added, “Trump is a bigot. The president took to Truth Social to attack kindergarteners in hijabs. These are little kids. The president isn’t just a bigot, he’s also a coward.”
The original video was posted to the X social media platform in June.
U.S. Rep. Nancy Mace (R-SC) at the time commented, “If you are in a public school in America, you should be speaking english.”
Image via Reuters
President Donald Trump’s apparent efforts to delay releasing the $5.8 million civil judgment to E. Jean Carroll are being met with a warning by the journalist’s legal team, who suggest there could be a legal maneuver for Trump to employ to forgo paying the judgment in either of the two cases he lost.
According to The Guardian, on July 4, U.S. District Judge Lewis Kaplan ordered Trump to release the $5.8 million judgment, which is in escrow, to Carroll by this coming Tuesday — or explain why he would not do so.
Carroll’s attorneys think Trump may be trying to buy time to mount another legal strategy, telling the judge that Trump’s request for an extension “appears to be little more than yet another play for time.”
“The case is separate from Trump’s appeal of a Manhattan civil jury’s 2024 award of $83.3m to Carroll for defamation,” The Guardian explains. “But her lawyers have suggested a legal scenario in which the president might seek to conjoin the cases and further delay payment of both.”
Carroll’s attorney Roberta Kaplan (no relation to the judge) wrote, “We can only assume that defendant is seeking … to buy time so he can try to concoct some new basis to put off paying plaintiff presumably in connection with his forthcoming petition and motion for a rehearing.”
Trump’s former attorney, Justin Smith, in one of his final acts, wrote to the Supreme Court suggesting that his client would be appealing the $83.3 million civil judgment.
Smith argued that the Supreme Court “may wish to consider the petitions together,” given they involve the same parties.
The larger judgment case involves possible questions of presidential immunity, and that has Carroll’s attorneys concerned.
“A conjoined case, Carroll’s lawyers fear, could result in both judgments being wiped out,” The Guardian reports.
The president has also made clear he is no fan of Judge Kaplan, after the jurist made several rulings that “angered” Trump.
“What else can you expect from a Trump Hating, Clinton appointed judge, who went out of his way to make sure that the result was as negative as it could possible be,” Trump wrote on Truth Social in 2023, “speaking to, and in control of, a jury from an anti-Trump area which is probably the worst place in the US for me to get a fair ‘trial’.”
Image via Reuters
Platner Scorched Over ‘Taking Time’ Video After New Accusation
Trump Sparks Fury Online After Posting Unblurred Video of Muslim Kindergartners in Hijabs
One Legal Maneuver Threatens to Undo Everything E. Jean Carroll Won
Inside the Group Helping MAGA Voters Walk Away — And What Finally Pushed Them
