President Joe Biden retired his “Bidenomics” brand as his popularity plummets, but the White House continues its breathless attempts to reshape voters’ abysmal perceptions of the economy.

In a few sentences in a memo to the press, White House senior deputy press secretary Andrew Bates said that the president is fighting inflation by “standing up to corporate price gouging,” that inflation is still persisting because these major corporations “overcharge the American people,” and that inflation is actually not still persisting and instead is “falling.”