Posted on 06/17/2022 8:49:33 PM PDT by American Number 181269513
President Joe Biden has been under fire for inflation that has reached its highest point in 41 years and has squeezed the finances of millions of Americans.
He has blamed Vladimir Putin's invasion of Ukraine and the COVID pandemic for the surge in prices - and now has pointed to inflation being a global issue.
In an interview with the Associated Press that was conducted Thursday, he slapped back suggestions he is to blame.
'Isn't it kind of interesting? If it's my fault, why is it the case in every other major industrial country in the world that inflation is higher? You ask yourself that? I'm not trying to be a wise guy,' he told AP reporter Josh Boak in the Oval Office.
While prices having been rising across the globe, the inflation in the U.S. has been higher than the G7 nations and China for most of the year.
The United Kingdom with a four-decade high of 8.6 percent has only just surpassed inflation in the United States.
But nations including Germany, France, Japan and Canada are all still behind the U.S. when it comes to prices.
Data from the Organisation for Economic Co-operation and Development from April 2021 until April 2022 shows U.S. inflation has been rising steadily above all other nations.
The data runs only until April as it is where the fullest data was available.
Talking to the AP, Biden also pointed out that under his watch the deficit has been reduced and employment has gone up.
But the Democratic president acknowledged that Americans are paying vastly more to put food on their table and fuel in their cars and that it was putting a dent in his approval rating.
(Excerpt) Read more at dailymail.co.uk ...
thanks
He’s more a Burden than a Biden, at least in my eyes.
Trump, on the other hand, was one of the top 2 presidents in my lifetime, perhaps even the best. I miss him already.
(If it’s my fault)
It IS your fault.
BTTT
Trump shares the blame. The covid handouts started by him and continued by biden were inflationary.
“I’m not trying to be a wise guy,’ he told AP reporter Josh Boak in the Oval Office.”
Of all the adjectives I ascribe to SloJo...’wise’ isn’t even on the list, in any connotation.
They are misinterpreting the statement.
Biden is not claiming that inflation in other countries is higher compared to the US.
He's saying, if inflation is his fault, then there would only be inflation in the US, not around the world.
Good question, but the simple answer is that since the US Dollar is the world's reserve currency and directly tied to the petro dollar, when you dilute the currency, the impact is indeed world wide, not just restricted to the US.
“Wise guy”: no.
“Wiseguy”: absolutely!
I know the dems changed the way inflation in the U.S. is measured and that makes the current rate look lower than it really is. My question is, do all countries use the same formula to determine the rate?
That explains it..Biden had the chart upside down.
I must look at inflation percentages completely different than Biden & his administration does. It’s almost like they want to look at it as a day-after-day figure so it is much lower than what the public sees. Works out better for them when it comes to figuring consumer price index & how to figure Soc. Sec. increases. As a retiree trying to manage on Soc.Sec. it’s not my goal to make Biden look like anything other than what he is.
“Trump shares the blame. The covid handouts started by him and continued by biden were inflationary.”
And shutting down the economy was the stupidest thing in the history of stupid things. I barely graduated high school and even I saw what was going to happen to the supply chain.
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