A top economic adviser for former president Barack Obama is calling out Joe Biden for not taking responsibility for skyrocketing inflation caused by his policies since taking office.
In response to an article from ABC News that quoted Joe Biden blaming “high inflation rates in part on Russian sanctions,” Steven Rattner countered, responding by saying that the spike is “Biden’s inflation.”
“Well, no,” Rattner tweeted, referring to Joe Biden’s claims about high inflation. “These are Feb #’s and only include small Russia effect. This is Biden’s inflation and he needs to own it.”
Well, no. These are Feb #'s and only include small Russia effect. This is Biden's inflation and he needs to own it. https://t.co/WsJjn6picV
— Steven Rattner (@SteveRattner) March 10, 2022
Joe Biden, the Democrats, and their allies in the mainstream media have been going around claiming that high inflation and skyrocketing gas prices are the fault of Russia’s invasion of Ukraine, acting as if the American people have no memory of the last year of Biden’s leadership. Since he took office, his policies have led to price increases across the board, especially at the gas pump, and the American people haven’t forgotten that, no matter what Biden and his allies say.
The Washington Free Beacon reported on the issue, and noted several causes, writing:
Inflation hit a new 40-year high in the United States on Thursday, with the consumer price index climbing to 7.9 percent. It has steadily increased since Biden’s inauguration, spurred on by federal stimulus spending, ongoing supply chain disruptions, COVID restrictions on businesses, and a depressed labor market.
The economic hardship has been felt most in the energy sector, where gas prices have surged to record levels. On Thursday, the national average for one gallon of regular unleaded gasoline cost $4.32.
According to a Gallup poll from January of 2022, 79 percent of Americans expect that inflation will persist for six months or more.
Source: The Washington Free Beacon
