Biden To World: Russia, Oil Sheiks, And China Control The U.S. Economy
By: Margot Cleveland
June 13, 2022
On Friday, after news broke that inflation again accelerated to reach a 40-year high of 8.6 percent, President Joe Biden turned America’s financial crisis into a national security one by telling the world that foreign leaders have near-total control over the U.S. economy.
Shortly after the Bureau of Labor Statistics released May’s price report, which in addition to reporting an 8.6 percent annual inflationary rate showed a full 1 percent increase last month, President Biden began the spin: “Today’s report underscores why I have made fighting inflation my top economic priority. While it is good to see critical ‘core’ inflation moderating, it is not coming down as sharply and as quickly as we must see. Putin’s price hike hit hard in May here and around the world: high gas prices at the pump, energy, and food prices accounted for around half of the monthly price increases.”
The president’s entire pitch struck a chord conflicting with reality. “Biden hasn’t made inflation his top economic priority,” noted Katie Pavlich soon after. “For months, his administration denied inflation was happening, saying it wouldn’t be an issue, before calling it temporary and transitory last summer.” And the skyrocketing inflation began before Russia’s January 2022 invasion of Ukraine.
The public has long known that Biden suffers from an acute case of blameuitis. But the president’s continued claims that Putin holds responsibility for our country’s accelerating inflationary rates, when coupled with Biden’s other actions and inactions, is not merely tone deaf, it is dangerous. While finger-pointing has long been a mainstay for politicians, the Biden administration’s messaging goes beyond shifting blame to conceding that foreign leaders can control the U.S. economy in Joe Biden’s America.
more
https://thefederalist.com/2022/06/13/biden-to-world-russia-oil-sheiks-and-china-control-the-u-s-economy/
