Assessment: “This is Biden’s inflation and he needs to own it,” wrote former Barack Obama administration czar Steve Rattner wrote on social media after the White House tried to blame Putin for inflation …
The President made his remarks at a Democrat policy retreat to Democrats in Philadelphia in a rambling speech about issues facing his presidency.
“Democrats didn’t cause this problem. Vladimir Putin did,” Biden said, pointing to the latest inflation reports.
The President is suffering from terrible ratings on the economy due to his failure to address inflation.
Sixty-three percent of Americans disapprove of the president’s handling of the issue of inflation and rising prices, according to a recent poll, including 54 percent who strongly disapprove.
During his speech, Biden falsely blamed Putin’s invasion of Ukraine for causing gas prices to rise in 2022, starting in January.
“From the moment he put his over 150,000 troops on the Ukrainian border, the price of gasoline in January went up 75 cents,” he said, referring to Putin.
Prices rose about eight cents per gallon in January and did not spike until March when Putin significantly escalated his war in Ukraine.
“All hands shall be feeble, and all knees shall be weak [as] water.” Ez. 7:17 KJV
But even former Democrat officials have outlined that Biden’s reckless spending agenda, as well as the Federal Reserves’ policies, overstimulated the economy and led to growing inflation.
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Assessment: Oregon Senators Merkley and Widen welcome sanctions and higher gasoline prices because it will “hasten moves toward more renewable energy”. Wyden notes the “urgent need to reduce our reliance on foreign oil and gas imports from countries ruled by tyrants like Vladimir Putin” while ignoring the fact that America was 100% energy sufficient before Biden took office. ⁃ TN Editor
U.S. President Joe Biden is banning Russian oil imports in an effort to ratchet up sanctions after the invasion of Ukraine.
The move aims to hit Russia’s economy and further isolate President Vladimir Putin. But it will also put even more upward pressure on crude oil and domestic gasoline prices.
When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand.” Rev. 6:5
“We’re banning all imports of Russian oil and gas and energy,” Biden said at a White House announcement on March 8. “That means Russian oil will no longer be acceptable at U.S. ports, and the American people will deal another powerful blow to Putin’s war machine.”
Later in Texas, Biden acknowledged the energy sanctions will drive up high gas prices. “They’re going to go up,” Biden said when asked about the oil restrictions. “Can’t do much right now, Russia is responsible,” Biden continued when asked what he could do about it.
Crude oil is approaching $130 per barrel. It was in the $60 range a year ago. Gasoline prices in Oregon are averaging $4.59 per gallon — a record high, according to AAA. Fuel prices were just over $3 per gallon a year ago in Oregon.
Biden’s move garnered political support from both sides of the aisle despite its expected inflationary impacts.