Posted on 02/16/2022 12:11:17 PM PST by Oldeconomybuyer
WASHINGTON (AP) — With the continuing threat of Russia invading Ukraine, a foreign policy crisis is colliding with one of President Joe Biden’s political vulnerabilities: Rising gasoline prices at home.
Americans are already dismayed by Inflation at a 40-year high, and Biden is warning that gas prices could get higher if Russian President Vladimir Putin chooses to invade. It’s a recognition of Biden’s own risks ahead of the 2022 midterm elections: Inflation has become an albatross for Democrats despite the nation’s strong economic growth last year.
Biden wants to put the focus on how the Ukraine situation is contributing to higher gasoline prices, but costs at the pump already were dramatically higher from a year ago. Efforts to coax more oil production in the U.S. and abroad have largely failed.
Jason Furman, a former Obama aide, Harvard University economist and senior fellow at the Peterson Institute for International Economics, said that the U.S. economy is at a point where it can withstand higher oil prices, though pockets of the country could be hurt. High prices would, in fact, lead to more oil-related investments that could cause prices to eventually fall.
Furman said the best choice Biden could make is what he did on Tuesday, warning the American people that prices could rise if war occurs.
“There’s just not a lot that the president can do,” Furman said. “ A certain amount of what the president should do is level with people that these events may drive prices up temporarily and that prices will also come back down.”
(Excerpt) Read more at apnews.com ...
If Biden hadn’t destroyed our energy independence, foreign affairs wouldn’t matter.
Biden and Pelosi are really angry with Russia. The Russians are messing with their Ukrainian piggy bank.
Amazing collection of lies from the “experts.”
Gas prices are NOT the only political risk this imbecile has. It is one of many.
The Bidet is the perfect example of the adage the higher the circus monkey climbs the pole, the more you see his ass.
It’s truly breathtaking how much damage this grifter “President” has done in a year.
Hah......cute.
This entire fake war charade has been scripted to distract us and invent a fictional victory for Biden to try and rescue 2022. Tom Friedman in the NYT today heralds how Joe made Putin “back down.” The entire media knows if they lie as one mass, and Big Tech bans all dissenting opinions, the people will hear one message only: their narratives. Sadly, it will probably work, thanks to generational Marxist infiltration of our schools.
As he defies a court order for the 2nd time. Federal leases.
…. and give Brandon an excuse for his self-inflicted high energy prices.
biden/obama/democrats screw up everything around the world!
Print more fake RAT ballots…no problemo…
The AP nazis think they’re special and protected by noodle-armed Yale graduates. Good luck with that, you weenie AP trolls. The Yale wimps will toss you AP morons over the side at the first hint of trouble.
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