As Americans are continuing to suffer as a result of ever-increasing costs, President Biden has pointed the finger at Russian Pres. Vladimir Putin and the coronavirus epidemic for the problem.
“I understand that families are still working with rising costs. I come from a family where if the cost of gasoline went up, we felt it,” a post on Biden’s official Twitter account stated. COVID and Putin, according to another tweet on Biden’s account, are responsible for current prices.
“Because of the impact on gas and other energy costs, Putin’s attack on Ukraine has increased gas and food prices all around the world. We saw that in recent inflation statistics. Last month, around 70% of the rise in inflation was due to Putin’s price hike as a result of his influence on gas prices.”
This tweet appears as Americans see their savings purchasing power erode away due to ever-escalating prices.
On a seasonally adjusted basis, the Consumer price Index for All Urban Consumers (CPI-U) rose 1.2 percent in March, and went up 0.8% in Feb. “Over the last 12 months,” the all items index has risen by 8.5%, according to BLS.”
Gas prices have shot up considerably since Joe Biden entered office in February 2021, and they’ve gone even higher following Russia’s invasion of Ukraine. The current U.S. average cost for a gallon of regular gas is $4.114 according to AAA. Biden gave an order restricting the importation of oil and other items from Russia.
When he said that the price hikes were not his fault, some people on social media pushed back.
“If no one believes this, why do they say it?” asked Mollie Hemingway, of the Federalist.
“Whatever newly minted Berkeley political sci grad is handling Biden’s Twitter apparently has never been taught to respect voters’ intellect. Because of Biden dumping trillions of dollars into the economy at its most fragile moment, inflation is on the rise. Because he shut down the US energy sector, energy costs are exploding,” Stephen Miller said in response to Joe Biden’s post.
Why, then, has inflation risen on a monthly basis under your reign? Texas Representative Pat Fallon asks on Twitter.