Meanwhile, back at the ranch .... the Chief Idiot is brainstorming (spewing as much b.s. as possible)
Biden pushes for innovation bill to help ‘urgently’ address inflation President Biden on Thursday acknowledged the urgent need to lower costs for Americans, calling on Congress to pass a bipartisan innovation bill as one way to do so.
Biden, speaking at North Carolina A&T University, noted the Labor Department’s inflation report that came out earlier this week showed prices continued to rise over the last month as Russia’s invasion of Ukraine spiked the cost of oil and other goods.
“What people don’t know is that 70 percent of the increase in inflation was a consequence of Putin’s price hike because of the impact on oil prices. 70 percent,” Biden said. “We need to address these high prices, and urgently for working folks out there. And that’s part of why what I’m going to talk to you about today, why it’s so important.”
Biden argued for passage of the Bipartisan Innovation Act, legislation that has yet to make it through Congress but that would provide funding for domestic manufacturing of semiconductors and other materials that would make the U.S. less dependent on foreign supply chains............
https://thehill.com/news/administration/3267891-biden-pushes-for-innovation-bill-to-help-urgently-address-inflation/