On Thursday, President Biden released a statement on the Labor Department’s consumer price index for February, which found consumer prices rose 0.8% in February and increased by 7.9% over the past 12 months, putting inflation at a fresh 40-year high.
In his statement, Biden blamed the increase in inflation on Russian President Vladimir Putin. “Today’s inflation report is a reminder that Americans’ budgets are being stretched by price increases and families are starting to feel the impacts of Putin’s price hike,” he said.
“A large contributor to inflation this month was an increase in gas and energy prices as markets reacted to Putin’s aggressive actions,” Biden added. Amid soaring gas prices and record-high inflation, President Biden signed an executive order this week banning the import of Russian oil.
Biden’s sanctions on Russia and oil bans are adding to the economic pain Americans are feeling while failing to deter Putin, who factored in the Western pressure when he decided to invade Ukraine. Biden said he warned there would be “costs at home” due to sanctions on Russia and insisted the measures hurt Putin more than they are the US economy.
The US economy and the global supply chain are still recovering from the lockdowns that were imposed in response to Covid-19. The 40-year high in inflation came after the US government passed several massive Covid-19 relief and stimulus bills, pumping trillions of dollars into the economy and devaluing the currency.
30 thoughts on “President Biden Blames Inflation on ‘Putin’s Price Hike’”
I do not believe my eyes! Buden makes a mess of a foreign policy. Throws sanctions around like candy. Did he forget that bliockung the energy markets will create scarcity, which will then increase prices of everything.
Can Biden ever own the mess he create? Or he just forgor
I think it would be more beneficial if he literally threw candy…
Biden blames Putin for not surrendering!
Putin didn’t put sanctions on himself, and Putin didn’t raise oil prices by himself. What we’re seeing is the fallout- or ‘blow back’- from short-sighted sanctions put in place without really looking into the long-term effects they would have domestically. We didn’t have to do any of this, but we did and now the US public is the ‘collateral damage’.
Very well said!
Washington should have sanctioned Ukraine for the coup in 2014, by Washington’s logic. And for burning 50 people alive as they opposed the coup. And for bombing the pro-democracy Donbass that didn’t want to be ruled by the coupsters, and was then attacked for years by the Azapov Battalion.
Of course, Washington CAUSED the coup, with Nuland bragging they spent 5 billion over several years building up the groups, which then bused in their members to Kiev. “Spontaneous protest”. With Biden’s crack-and-meth-using bagman Hunter collecting $50,000 a month from Burisma after this – his emails showing he sends half of all these bribes to “the big guy,” i.e. Joe. By Joe Biden’s logic, he should be sanctioned, and his junkie son, and the whole country.
So Biden sanctioned Russia and signed an executive order this week banning the import of Russian oil; yet he is blaming the rising prices (inflation) on Putin’s price hikes of said oil – wow that is some stretch of so called logic.
As long as he remains loyal to the media owners’ agenda, they will never point out this obvious fact.
But look how angry they got after he bungled the Afghanistan pullout. The first time they actually pointed out any of his mistakes. Do not make the neocon agenda look bad. He learned his lesson then, be a better servant.
I wonder how much further it can be stretched… Logic is like a rubber band, it can be stretched and twisted to a point but at that point it snaps and hits somebody in the a–.
Good comment, snapped with me a long time ago; but with the sheeple – it could be an eternity !.
Indeed. For example, I have learned that any opinion can be said to be included in any ideology. That doesn’t mean it’s truly a part of the ideology, just that you can make the claim. “This is what REAL XXX-ism includes.”
Especially through the argument that since XXX-ism wants what is best for all, and I think this policy is best for all, then that’s part of XXX-ism. Or, you can say the same for any religion.
This is proof Biden is just a puppet – as much as Zelensky – because he’s killing the Dems chances at the mid-terms and in 2024. But he’s too brain-fogged to comprehend that – or he doesn’t care because he’ll be taken care of anyway. He’s never going to pay for gas with his own money.
“because he’s killing the Dems chances at the mid-terms and in 2024”
I don’t know. His approval rating has actually gone up.
Just proves you don’t even have to start a war for the jingoism to kick in. Just get a puppet to instigate one, flood the MSM with the best propaganda on the planet and your popularity soars.
Very formulaic, don’t you think?…
Yeah, but how long will that last once the gas hits $10/gallon? People will forget the war once they need to pay $200-300 to fill a tank. And the Republicans will make sure they remember who made the sanctions.
True. Tis a long way off. Just thought I’d reply to make the point that any kind of propagandized war does wonders for approval ratings.
Oh, please. Inflation began long before the invasion of Ukraine, as anyone who goes grocery shopping ( or worse yet, has purchased lumber) realizes.
The buck stops SOMEWHERE, Bye-Done. You’re the fucking POTUS, so what you gonna do about it?
If the Dems are stupid enough to run him for a second term, you can bet your life that Pence will be the next POTUS…or Trump, if he’s not in prison.
Indeed. I tore my deck apart last summer with the idea of replacing it. But when I priced lumber, I suddenly found myself no longer needing a deck.
Forgive me for chuckling at your expense… best-donna
Wars, just watch that first step, it’s a big one 😉
Pence is a neocon warmonger in the image of Romney/McCain.
Oh he’s AWFUL.
But nonetheless he’d kick Bye-Done’s butt in a runoff.
Don’t be so negative Gypsy! Remember if Trump is in prison they can always have his sentence commuted…;-)
That takes the “let them eat cake”!
In some circles you could say “and put it where the sun don’t shine!”
LOOKS like Biden’s sanctions against Russia will blow back to the US hard. Now oil prices are sky high, is Biden hurting or helping Putin?! It is obvious to me!
Sanctions on Russia will hurt US too. Like the ban on Russian use of SWIFT system, it pushes Russia to abandon SWIFT. Is that good for U.S.? That maybe the beginning of the demise of SWIFT!
It is Biden’s war, for saying that diplomacy is “off the table” for everything Russia says it needs.
It is Biden’s inflation, both for the war, and for staying out of the Iran deal, and for ongoing Venezuela regime change efforts, and of continuing to meddle in Libya disrupting Europe’s oil supply.
For once we got it right in Sweden. We didn’t destroy businesses and ruin people’s lives over a disease that even this winter had only 104 “serious or very serious” cases on any given day. And now is down to 47 again. Most of the early deaths came from the govt bungling old-folks homes, causing an epidemic there, but that’s to be expected. Pretty much everyone I know had corona, including me, but as actual The Science shows, it does no more than bother you for a while. If you feel it at all. Then you go on a cruise ship to Estonia, and you see a lot of people wearing masks on board, all Estonians, but many take them off on their second day, after seeing the 45% Swedish passengers surviving without them.
At least the social democrats knew they couldn’t do a “lockdown” isolation, which would also require a law to be written for the purpose. With mass immigration, murders and rapes are higher than in any other Western country, only 10% cleared up, with gangs setting off bombs and grenades in the cities, and the police simply won’t investigate any crime that isn’t violent. No resources. So a lockdown – impossible. The usual groups would ignore it like they ignore the other laws. The social democrats didn’t want that visible situation. Once lockdowns became a religion for the Left in the U.S., which usually decides the opinions of all socialist parties, the decision was already taken. And people knew they’d survive without laughable masks. Though you’d still see a few use them, like proudly wearing a mask on the platform – and then take it off to eat a salad on the train.
Tell, I know two individuals for whom corona did more than “bother them”—- it killed them.
And other acquaintances who suffered permanent brain or lung damage.
As for me, I’m still masking in public.
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