There aren’t many Americans left willing to believe Joe Biden’s “Putin Price Hike” spin — and those people are more than likely the only people still watching CNN.
The rest of us, however, possess enough critical thinking skills to understand that inflation and gas prices were already trending upward months before Vladimir Putin decided to invade Ukraine. Still, the White House and the entire Biden administration insisted that the Russian President was to blame in the hopes of mitigating America’s outrage over the downfall of our economy.
Cut to today and the Biden administration is losing control over the inflation narrative — even CNN has begun to sour on their lies.
White House press secretary Karine Jean-Pierre has failed miserably to deliver a concise message on inflation, choosing instead to blame oil companies, gas stations, and, again, Vladimir Putin. She mumbles, bumbles and fumbles her way through every press briefing hoping her diversity points will distract reporters.
The jig is now up, as they say, and Biden can no longer get away with blaming Putin for the results of his fiscal policies.
On Wednesday, Chair of the Federal Reserve Jerome Powell contradicted Democrat claims that “Putin’s Price Hike” is to blame for record-high inflation.
Testifying before the Senate Banking Committee, Powell was asked about the inflation crisis by Republican Tennessee Sen. Bill Hagerty.
“In January of 2021, inflation was at 1.4%. By December of 2021, it had risen to 7% — a fivefold increase.”
“Given how inflation has escalated over the past 18 months, would you say that the war in Ukraine is the primary driver of inflation in America?”
Powell gave a one-word response that resounded with everyone in the room — and most Americans.
“No,” the Fed Chair replied, completely destroying Biden’s price hike theory.
Sen. Bill Hagerty (R-Tenn.): “Would you say that the war in Ukraine is the primary driver of inflation in America?”
Fed Chair Powell: “No. Inflation was high before, certainly before the war in Ukraine broke out.” pic.twitter.com/xhPeO0NYYE
— Breaking911 (@Breaking911) June 22, 2022
The only consistency vis a vis inflation in Biden’s White House is their “Putin Price Hike” theory and that was just destroyed. In fact, Biden’s social media team was blaming Putin on Twitter a mere three days ago.
Through his actions, President Biden:
– Announced the release of 1 million barrels per day from our Strategic Petroleum Reserve
– Rallied Allies to join in releasing 240 million additional barrels
– Expanded access to biofuels, which will lower prices across the country
— The White House (@WhiteHouse) June 20, 2022
The Federal Reserve just last week was forced to raise interest rates by three-quarters of a percent to combat historic rates of inflation, spurring massive recession panic as a result. Economists’ predictions are equally as grim, with most guaranteeing a recession followed by higher unemployment and a slowing economy.
Meanwhile, consumer prices recently reached a four-decade high, with the Consumer Price Index for May of 2022 showing an 8.6% increase year-over-year.
Do we miss Donald Trump yet?
Author: Asa McCue