Joe Biden's Signature Achievement Is His List Of Broken Promises
By: Helen Raleigh
President Joe Biden's Energy Department canceled its plan to purchase millions of barrels of oil to refill the U.S. Strategic Petroleum Reserve (SPR). The cancellation means the Biden administration is unlikely to fulfill its promise of fully replenishing the SPR by the end of the year, and the SPR will remain at a historically low level after the administration depleted it in 2022.
The depletion of the SPR was caused by the Biden administration's own failed energy policy. Shortly after he came into office, President Biden issued a series of anti-fossil fuel energy policies, including canceling the Keystone XL Pipeline project and halting leasing on federal lands for oil and gas production. Biden's energy policies strangled American energy production and supply and caused energy prices to soar. According to the Heritage Foundation, "from January 2021 to January 2022, crude oil prices increased 45 percent, blowing past records set in 2008. Gasoline and diesel prices are the highest on record since the Energy Information Administration started keeping track in 1993."
Rising energy prices inflicted economic pain on Americans but were a gift to Russia, the world's largest natural gas exporter and one of the leading oil suppliers. Revenue from the energy sector has helped Russia's Putin build up his foreign exchange reserves and enabled him to finance his invasion of Ukraine. President Biden conveniently blamed the Russia-Ukraine war rather than his energy policies for rising energy prices.
Seeking to appease American voters before the midterm elections in 2022, the Biden administration sold off more than 40 percent of the Strategic Petroleum Reserve (SPR) in 2022 in a futile effort to help limit energy prices from rising too high too fast. The administration's action did little to lower energy prices meaningfully but left the SPR at its lowest levels since the 1980s.
The Biden administration promised to refill the reserve by the end of this year by buying oil from private companies. But it has frequently put those purchases on hold, claiming oil prices were higher than its $79-per-barrel target. The administration cited high oil prices again as the reason for its most frequent cancellations of oil purchases. The SPR remains depleted for the time being, which presents a national security risk because it leaves the United States vulnerable to respond to geopolitical events resulting in significant oil supply disruptions.
Unable to refill the SPR isn't Biden's only broken promise. When he signed the misleading Inflation Reduction Act (IRA) in 2022, he promised that the IRA's new Internal Revenue Service (IRS) funding would only empower the agency to crack down on wealthy tax evaders, leaving the middle class alone. Biden's Treasury Secretary Janet Yellen insisted that the additional IRS funding from the IRA "shall not be used to increase the share of small business or households below the $400,000 threshold audited relative to historical levels." Additionally, IRS Commissioner Charles Rettig reassured the U.S. Senate that the 87,000 new IRS agents he would hire (funded by the IRA) would "absolutely not" increase audit scrutiny on small businesses or middle-income Americans.
The Wall Street Journal reported this week that the most recent IRS audit shows, "As of last summer, 63 percent of new audits targeted taxpayers with incomes of less than $200,000. Only a small overall share reached the highest earners, while 80 percent of audits covered filers earning less than $1 million." In other words, the IRS indeed stepped up its audit scrutiny against small business owners and middle-income Americans, contrary to what President Biden and his cabinet officials promised.
Biden's other broken promises include vowing to "deliver economic relief for working families." Yet his administration's excessive spending sparked inflation rates to rise to a four-decade high in 2022. Although the growth of inflation rates has slowed since then, the prices of many items remain elevated. Food inflation hit working families especially hard, as "prices for hundreds of grocery items have increased more than 50 percent since 2019," according to The Wall Street Journal.
On the foreign policy front, Biden promised to end wars in the Middle East and restore respect for America internationally. Yet the United States' humiliating and chaotic withdrawal from Afghanistan in 2021, which left 13 U.S. servicemen and women dead and billions of dollars' worth of military equipment behind, significantly damaged our nation's prestige and emboldened our adversaries.
The Biden administration restarted the nuclear negotiation with Iran, promising to curb Iran's nuclear ambition and bring peace to the Middle East. The U.S. released billions of dollars to Iran and removed Iran-backed Houthi rebels in Yemen from the global terrorist list without asking for anything in return. Flushed with cash and weapons supplied by Iran, Hamas launched the worst attack against Israel on Oct. 7, 2023, and Israel was forced to respond militarily. Iran-backed Houthis launched missiles and drones against Israel and U.S. targets and terrorized shipping traffic in the Red Sea, causing disruptions in international trade. It is fair to say that under President Biden, America's global image is diminished, and the Middle East is on fire.
Despite Biden's colossal policy failures and broken promises in his first term, he will undoubtedly make more outlandish promises as he runs for reelection. The American people will be wise not to forget those broken promises when casting their votes in November.
No personal insults
Stay on topic. (The source is NOT the topic and comments about the source will be removed)
No death wishes of any individual
All of NT's rules apply
Calling members "trolls" or ""dishonest" will result in your comment being deleted.
Just a few failures of the current POTUS who is expected to make more promises he has no intention of keeping.
Just a very few.
This is what radical lefties like George Stephanopoulos can't get through their heads. The above are voting issues.
The Democrats won't admit that.
funny how the US is producing more oil than anyone these daze
When all you have is memes- you literally have nothing.
Funny how it isn't even close to keeping up with demand.
Maybe if Brandon wouldn't have restricted drilling on federal lands? Maybe if he wouldn't have let the EPA go hog wild on restrictions? Maybe, just maybe, we wouldn't be so bad off- and Brandon could replenish the Oil reserve he depleted?
Are the oil reserves refilled?
And yet the Strategic Petroleum Reserve hasn't been replenished.
Yeah, but we still have to import it.
Yep, the US military hasn't gone electric. And won't for the foreseeable future. So, depleting the nation oil reserve to score political points really has directly harmed the United States.
Just more evidence that Biden doesn't care about the United States. Biden only sees national security as a political commodity to be manipulated for his own political benefit. And the unbiased liberal press plays along. We see that in the contrast of reporting between Ukraine and Israel.
Looking around the installation I work at, there is no way it can support the military going electric. Hell, it can't even support the few EVs people drive here.
His open border policy, lack of Immigration Enforcement, demonizing border patrol and Law Enforcement and sending billions to Ukraine are evidence of that.
The Army is expanding changing capability and EV non-tactical vehicles.
We have an ongoing contract to provide more electric vehicle charging at various locations across the country with an order from Beam Global. This includes both off grid and on grid charging stations' think we have about 1200 vehicles and 700 dual post charging stations.
The Army Family Housing Landlords have a contract with TRO Energy Solutions to cover the cost of installation, setup and maintenance of the individual Level 2 charging stations.
That's not the Army. It's GSA doing that. Many of the EV's we've gotten have had recalls issued and we can't use them becuase of the needed repairs.
They're trying that here. Those living on the installation don't want to leave their cars in a central charging area to charge and walk home
The Army needs a Battle Prius? And guess who's gonna have to pay for that.
Maybe the Army can go back to the good old days of shit & Shinola.