Biden says 'Putin's tax on both food and gas' is to blame for record-high inflation

Fox Business ^ | June 10, 2022 | Brooke Singman

[McGruff]

President Biden said the United States "has never seen anything like Putin’s tax on both food and gas," after the Labor Department announced Friday that inflation hit a new four-decade high in May.

The Labor Department said Friday that the consumer price index, a broad measure of the price for everyday goods, including gasoline, groceries and rent, rose 8.6% in May from a year ago. Prices jumped 1% in the one-month period from April. Those figures were both higher than the 8.3% headline figure and 0.7% monthly gain forecast by Refinitiv economists.

The president, from the Port of Los Angeles Friday, said fighting inflation is his "top economic priority," while, again, casting blame on Russian President Vladimir Putin’s war in Ukraine for the surge in prices.

[Tolerance Sucks Rocks]

What about the JRB, Jr. regulatory ESG tax on energy infrastructure?

[Tolerance Sucks Rocks]

I’m still trying to forgive Putin for burning down DC in 1812.

[ronnie raygun]

At this point any sh## that spews form their mouths is just that

[Costco1]

Sadly instead of trying to understand the actual cause of economic downturns people treat it like a team sport.

When trump took office the deficit was somewhat manageable, which trump exploded 500% in 4 years. Trumps idiotic reckless spending is not somehow less damaging than bidens idiotic reckless spending just because he is on your team. Trump and Bidens economic policy is the equivalent of maxing out your credit cards getting payday loans and a reverse mortgage buying a new Benz and a Rolex while bragging about how much money you have. It only looks good to someone with a surface level understanding of economics. We have done that but in a national scale, creating an inevitable economic catastrophe and kicking it down the road while hoping that when it goes off the other side will get the blame for something that both sides are just as complacent in.

Even before covid trump was exploding the deficit.

Trump took office with 500 billion deficit and left with a 3000 billion one, even if you take out the COVID spike he still was in the process of doubling it.

If you want more trump don’t pretend to be a fiscal conservatives, you support big government spending and deficits as much libs do. At least they are honest and open about it and don’t run on getting spending under control

The economic policies of Biden and trump are both to blame for the mess we are in.

But try to Explain how I’m wrong and fiscal conservatism is a 500% deficit increase in 4 years

[cableguymn]

You don’t have to fool all of us. But he’s doing a pretty good job of pulling some of us

[Texas resident]

Biden is not in charge. His handlers are obama holdovers and they are doing their worst while they shove biden up to the mike to say what they tell him to say.