President Biden continued to deflect any responsibility for the nation’s record-high inflation rate, insisting skyrocketing prices are the fault of Vladimir Putin and the global COVID-19 pandemic.
“I know that families are still struggling with higher prices. I grew up in a family where if the price of gas went up, we felt it. Let’s be absolutely clear about why prices are high right now: COVID and Vladimir Putin,” posted Biden on Twitter.
Putin’s invasion of Ukraine has driven up gas prices and food prices all over the world. We saw that in the most recent inflation data. Last month, about 70% of the increase in inflation was a consequence of Putin’s price hike because of the impact on gas and other energy prices.
— President Biden (@POTUS) April 20, 2022
Beyond gas prices, I’ve called on Congress to move immediately to lower the cost of families’ utility bills, prescription drugs, and more — while lowering the deficit to reduce inflationary pressure.
That would make a big difference for families.
— President Biden (@POTUS) April 20, 2022
“Putin’s invasion of Ukraine has driven up gas prices and food prices all over the world. We saw that in the most recent inflation data. Last month, about 70% of the increase in inflation was a consequence of Putin’s price hike because of the impact on gas and other energy prices.
“I’m doing everything I can to bring down prices and address the Putin Price Hike. That’s why I authorized the release of one million barrels a day as we work with U.S. oil producers to ramp up production — and coordinated this release with partners and allies around the world.
“Beyond gas prices, I’ve called on Congress to move immediately to lower the cost of families’ utility bills, prescription drugs, and more — while lowering the deficit to reduce inflationary pressure. That would make a big difference for families,” he concluded.
Biden DELUSIONAL? No, he’s just DUMBER THAN A PARSNIP. He DOESN’T “GET IT”…. as almost ALL other Godless DUMBocrats and IDIOT Libs.
My Dogs have more Understanding of Life and Intellect. One Sad Ass country we’re becoming.
RAPIDLY.
Tell the class where the inflation is coming from, Bill. You seem to think you know more than Biden. Apparently you think that you “GET IT”. I’m curious what the answer is. Please, enlighten us!
“Godless DUMBocrats and IDIOT Libs” Do you realize how stupid you sound when you say stuff like that? You really show your ignorance. Get a life dude.
Tell the class where the inflation is coming from, Bill. You seem to think you know more than Biden. Apparently you think that you “GET IT”. I’m curious what the answer is. Please, enlighten us!
“Godless DUMBocrats and IDIOT Libs” Do you realize how stupid you sound when you say stuff like that? You really show your ignorance.
Let’s be perfectly clear!…. BS!!
Can’t believe anything said by the leader of a crime family.
All of you arm-chair economists commenting above… to what do you attribute the current rise in inflation? Did Biden just wave his hand and magically make the inflation happen? Please point to some specific policy decisions that the current president made that pushed inflation higher.
The current rate of inflation in the US is 8.5%. It is 6.7% in Canada, 7.45% in Mexico, 7.3% in Germany, 7% in the UK, 9.8% in Spain, 4.5% in France (source: tradingeconomics.com)… Is Joe Biden responsible for inflation all over the world?? Google “global inflation” and see for yourself, this is not just happening here.
Joe Biden is correct that the war in Ukraine is adding to inflationary pressure. But this all started well before Russia invaded. It began as the world collectively decided to lower COVID restrictions and attempt to “go back to normal”. There were disruptions in the supply chain and now a stronger consumer demand… Remember “supply and demand” from basic economics? That is mostly what we are seeing today.