Biden blames 'Putin's price hike,' says gas prices shouldn't depend on 'genocide' - ABC11 Raleigh-Durham
Category: News & Politics
Via: jeremy-in-nc • 2 years ago • 29 commentsBy: MOLLY NAGLE (ABC Raleigh-Durham)
"Your family budget, your ability to fill up your tank, none of it should on hinge on whether a dictator declares war and commits genocide a half a world away,"
This dumbass doesn't realize it started the day he took office with a stack of EOs.
S E E D E D C O N T E N T
President Joe Biden traveled to Iowa on Tuesday for his first time as president to announce new efforts to bring down gas prices as the administration faces an 8.5% jump in the consumer price index compared to a year ago, which it attributes mostly to what he called "Putin's Price Hike.""Your family budget, your ability to fill up your tank, none of it should on hinge on whether a dictator declares war and commits genocide a half a world away," Biden said, appearing to ad lib that Russia's actions in Ukraine amount to "genocide" for the first time. The U.S. government has an internal process for designating whether genocide has occurred, and other Western nations haven't made the determination.
Biden was asked directly last week if he thought the atrocities in Bucha were genocide, as Ukrainian President Volodymyr Zelenskyy claimed, but responded at that time, "No, I think it is a war crime."
But on Tuesday, he said: "Yes, I called it genocide. Because it has become clearer and clearer that Putin is just trying to wipe out the idea of even being able to be a Ukrainian. And the evidence is mounting."
The president also offered brief remarks on the subway shooting in New York City from Menlo, Iowa, before pivoting to his plan to ease gas prices amid intensifying inflation.
The March CPI report released Tuesday by the U.S. Bureau of Labor Statistics showed inflation is at its highest point in the U.S. in more than 40 years as rising prices have an impact on consumers worldwide. Prices were up 1.2% compared to just a month ago, the report said, raising concerns that, if the Federal Reserve gets more aggressive in raising interest rates to temper inflation, that might trigger a recession.
"Putin's invasion of Ukraine has driven up gas prices and food prices all over the world," Biden said. "So everything is going up. We saw it in today's inflation data. Seventy percent of the increase in prices in March came from Putin's price hike in gasoline."
White House press secretary Jen Psaki tried to preemptively cushion the blow of the report numbers on Monday. She said the White House expected a large difference between core and headline inflation, pointing to the price of gas as the main reason for the discrepancy.
"Just as an example, since President Putin's military buildup in January, average gas prices up more than 80 cents. Most of the increase occurred in March and gas prices, at times, prices were up more than a dollar above pre-invasion level. That roughly 25% increase in prices will drive tomorrow's inflation rating," Psaki said.
To address those prices, Biden announced Tuesday he issuing a temporary, emergency waiver for the summer to allow the sale of "E-15" -- a blend of gas with 15% ethanol, rather than the usual 10%, which the White House says will bring down gas prices by 10 cents a gallon. Usually, E-15 is not sold in the summer because it's believed to add to smog.
"The Environmental Protection Agency is planning to issue an emergency waiver to allow E15 gasoline that uses more ethanol from homegrown crops to be sold across the United States this summer in order to increase fuel supply," Biden said. "It's not going to solve all our problems. But it's going to help some people and I'm committed to do whatever I can to help. Even if it's an extra buck or two in the pockets."
But the move will have a limited impact: Only 2% of gas stations around the country carry E-15, mostly in the Midwest. The White House countered a question from ABC News on whether the impact would be insignificant for Americans.
"Ultimately this is about giving Americans more options and more flexibility," a White House official said ahead of the president's remarks. "President Biden knows that every cent matters and families will see savings even after taking into consideration the difference in energy efficiency."
Inflation and even gas prices have been on the rise even before the invasion of Ukraine. A new ABC News/Ipsos poll found Americans are more likely to place a "great deal" or a "good amount" of the blame for the price increases on Democratic Party policies (52%) and Biden (51%) than on Republican Party policies (33%) and former President Donald Trump (24%). A strong majority of Americans (68%) also disapproves of the way Biden is handling gas prices.
Biden's trip to Iowa comes with the midterm elections seven months away. It's a state he spent a lot of time in amid the 2020 campaign, but ultimately lost to former President Donald Trump by nine points.
While his remarks are set to focus on his administration's actions to lower gas prices and the bipartisan infrastructure law passed last year, Biden might feel obligated to address Tuesday's report, which showed increases in prices for gasoline, rent and food were the largest contributors to inflation for Americans. Gasoline prices rose 18.3% compared to a month ago and were a major contributor to inflation; other energy prices also increased. Food prices increased by 1% and the food at home prices by 1.5%.
Aside from food and energy, rent was the biggest factor in the price increases. Airline fares, household furnishings and operations, medical care and motor vehicle insurance also contributed to inflation. Used cars and trucks fell 3.8% compared to a month ago.
The report, though in line with expectations, does nothing to temper concerns that the Federal Reserve has a tough job ahead of it in cooling this inflation without sparking a recession.
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And somehow this blithering idiot places blame on an invasion that occurred AFTER prices started to increase?
Gawd .... and he is the leader of free world?
TARFU
Being a leader implies there is some cognitive thinking and problem solving abilities. This clown has none of that.
Good leadership is a trait sorely missing in many of our politicians. Biden is a perfect example of that.
Biden, Harris, Pelosi, Schiff, McConnell, ALL of them are lacking.
Most are .......
he might be someones leader, but not mine , i wouldnt follow his directions to a line of outhouses at the county fair if i had the turkey trots .....
Too bad they can't make fuel out of the shit that comes out of Bidens and Psakis mouth. Gas prices would go below 2 dollars a gallon.
LMAO, you mention that and I just closed an article about heightened methane gasses.
Cue the leftist liberal response in 3 2 1....
They are hoping the seed will wilt and go away if they ignore it, just as with China and Dr Fauci. They will engage in culture war issues though,
Lacking or lackey? Same difference in their cases.
So, what is Biden trying to tell us? That Russia was far more important to the stability of the global economy than we've been led to believe?
No, Biden is telling us that the United States doesn't have the ability to produce what the country needs. Any country with manufacturing and production capacity can hold the United States hostage whenever they choose. The United States is much more dependent on developing countries than those countries are dependent upon the United States. The United States has been sold out for pennies on the dollar.
Biden can try to spin the obvious weakness of the United States into some sort of high minded theory of global cooperation. But the cold, hard facts don't fit the phony liberal idealism we've been cowed into accepting. Reagan plowed the field and Clinton sowed the crop. It's too late to complain about the harvest.
It’s bidenflation and it was here long before Putin did what he did. Putin is an evil man engaged in genocide but that is not why we have inflation here. Biden and his actions are the single biggest contributor to inflation here by far
Does that mean it's BidenGDP or BidenJobs or that y'all pulling just one rabbit out of the economy hat?
It will be definitely Biden's recession in a year if this inflation isn't fixed.
More misleading numbers from our friends to the Norte.
Bidens economy hasn’t gained a damn thing but rather is almost exactly where it was before the pandemic hammered it.
Joseph Goebbels would be proud of your propaganda efforts .... nice job!
Yep, this time next year will be a completely different story. Buckle up butter cups .... Biden’s economy is coming ..... hard.
Biden choked oil from day one. Selling off strategic reserves and burning food to make up for it is just cortez.
How did he do that? Not being trite just curious as I have never heard that before.
Sounds like made up nonsense, as usual.
The second saddest thing is that Biden thinks people are so stupid they will believe his shit if he comes up with a catchy slogan like "Putin's price hike" The saddest thing is that for many people he is right, they are that stupid.
As if the oil price hike wasn't about Putin's Folly...
As if prices were not going up before Putin's Folly.
The price of oil is not simply 'because Biden ...'. Biden played a role but it is psychological. Nothing Biden has done prevents producers from finding and refining oil to produce more supply than demand. What he has done is signal that the USA is trying to be less dependent on oil (foreign and domestic) and that dissuades producers from investing in means to increase supply. That is what produces the negative psychological effect.
But Biden is but one factor: COVID, Ukraine, OPEC, Oil Futures, etc. are other mega factors today. The price of oil is not simply 'because Biden ...'.
Funny, Covid was around for Trump's last year in office; in fact it cost him the presidency. But oil and gas prices were low when he left office. It was until the human fuck up machine took office they started their steep rise; along with inflation. That was before Ukraine; Trump and every other president has had to deal with OPEC; and Trump had to deal with Oil Futures just like every other president.
The part I put in bold from your comment is is the only truthful thing you stated. Brandon's EO's the second he took office made increasing production in the US unprofitable. Ending the Keystone Pipeline did nothing to help Oil Futures that were counting on it. US oil companies are not going to increase oil production at a loss; no matter how much Brandon blasts them for price gouging.
You are completely ignoring Brandon's world begging tour for oil. Courting Russia, Saudi Arabia, Iran, and every other country that hates us. He is willing to give them anything and every to produce more oil instead of lowering. Including allowing the Nord Stream II Pipeline to be completed. Also lifting US sanctions on Iran; and negotiating with them on their nuclear program- with Russia being the main mediator. Brandon will accept Iran with nuclear weapons; so long as it supplies the US with oil. Seems foreign oil is great no matter what the source; but US oil- not on his watch.
The lengths some will go to support the human fuck up machine they put in the White House are truly bizarre.
This is one of the fundamental problems with superficial partisan ' thinking '. Cause and effect are not always immediate. It took a while for the COVID measures to start affecting demand and to ultimately work back to causing a reduction in supply. COVID also caused a reduction in the workforce so not only was production low but it would be more difficult to ramp up due to a lower workforce.
And COVID was but one factor.
The economy is a complex, highly interrelated network and disruptive events will often take time to manifest. Thinking immediate cause and effect is naïve.
It’s true, one doesn’t flip a switch to change oil production.
Measures taken during COVID-19 caused demand to go way down, so supply followed. Blaming that all on Biden is playing BS partisan games just the left did by blaming Trump for all to COVID deaths just so they could get their boy in. Production companies went out of business, wells shut down because they couldn’t pay for themselves and/or couldn’t be staffed.
It takes time to ramp production back up. Time and fossil fuel friendly policy. Trump’s policy had our domestic production at record highs. Biden’s anti fossil policy and rhetoric does not encourage the same action.
That’s where Joe has culpability. His incessant bowing to the Green Energy lobby during a time when he should be pushing fossil fuel to help dig us out of this hole.
Mark my words, the worst is still coming and Biden policy to date is just going to make it worse. By releasing reserves he is putting a small band-aid on a gushing wound. Federal tax holidays will help in the short term but exasperate other problems due to less revenue collected, like infrastructure (roads & bridges) upkeep and repair. Kicking that can even further down the road.
So yeah, gas prices today aren’t all Biden’s fault but he has his part in it and doesn’t help when he gets on National TV and blames Putin for it all. Americans aren’t that stupid. At least most of us aren’t
We agree.
We agree.
We agree (the psychology reference)
We agree.
Band-aid indeed. Gushing wound ... stay tuned.
We agree.
Remarkable!