President Joe Biden has made it clear that Americans should know that the economic hardships that they face can be blamed on Russian President Vladimir Putin and not the useless COVID-19 lockdowns, trillions in stimulus funding, and massive sanctions leveled against Moscow… all which have spiked inflation and driven down the economy.
Biden said Wednesday that Americans have been willing to sacrifice after the Russian invasion and “chose to stand with the people of Ukraine.”
“So for all those Republicans in Congress criticizing me today for high gas prices in America, are you now saying we were wrong to support Ukraine? Are you saying we were wrong to stand up to Putin? Are you saying that we would rather have lower gas prices in America and Putin’s iron fist in Europe? I don’t believe that,” he said.
Biden has long blamed the Russian president for causing the economic hardships in the country and said “Putin’s price hike” is taking its toll on Americans. Biden used a recent speech in Los Angeles to call energy price increases “Putin’s tax.”
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Last Wednesday Fed Head Jay Powell appeared before the Senate Banking Committee and noted how inflation was popping even before the 24 February Russian invasion of Ukraine.
A “bit” late, for nearly two years Powell was saying inflation was “temporary, then “transitory, while we warned of skyrocketing inflation as a result of the zero interest rate policy and the trillions of cheap money dollars pumped into the economy to artificially prop it up during the height of the COVID War.
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