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President Biden has a reason for the soaring gas prices and rising inflation that have marked his entire presidency: It’s Putin’s fault. It’s not a joke, according to Biden. Watch:
And now, the second biggest reason for inflation is Vladimir Putin and gas prices, no joke. “We’ve seen gas prices go up by more than a dollar right from the moment he sent troops to the border, on the Ukrainian border.”
“They raised a dollar and five cents,” he said. “A big part of that is that Putin started massing troops along the border and then crossed it. And guess? The world has noticed. ”
He added: “The market predicted it, prices went up, and then Putin invaded. “Make no mistake, the current spike in gas prices is largely the fault of Vladimir Putin. It has nothing to do with the American Rescue Plan.”
“Back on Wall Street, Wall Street estimates that the San Francisco Federal Reserve said – analyzed it, said the Rescue Plan contributed only 0.3% to inflation. 0.3%,” he added. “That comes from the Fed. The rescue of our economy is not causing this problem, but we are working to fix it.”
In January, before anyone outside the intelligence community and well-informed journalists thought Russia was going to invade Ukraine, inflation hit a 39-year high.
“One more month, another record-breaking leap in price,” USA Today report. “Inflation hit a 39-year high in December as falling energy costs were not enough to offset a steady rise in prices for staples such as food, rent and autos amid a global recession. supply chain bottlenecks and labor shortages are still in their infancy.”
While inflation has occurred when top economic challenge In 2022, the Fed does not currently consider inflation “temporary,” as White House Press Secretary Jen Psaki once said declare. US Secretary of the Treasury Janet Yellen neutralized the American of that prostitute.
US Treasury Secretary Janet Yellen:
“We’ll likely see another year where 12-month inflation remains uncomfortably high.” pic.twitter.com/PbDCheGpTe
– Breaking911 (@ Breaking911) March 13, 2022
“We are likely to see another year where 12-month inflation remains uncomfortably high,” Yellen said.
The Biden administration is offering Americans a hard lesson: Politicians who take your money and throw it to the wind can lie, but your wallet can’t.
Blaming Putin may have made leftists hate Trump as an excuse to lose the election, but that won’t fly at the grocery store or the gas pump.
https://smartzune.com/its-not-a-joke-biden-blames-high-gas-prices-and-record-inflation-on-vladimir-putin/ It’s not a joke: Biden blames high gas prices and record inflation on Vladimir Putin