SOTU Received Lowest Ratings For First Official Address In Thirty Years

Sleepy Joe Just Threw A Total Tantrum

During Sleepy Joe Biden’s retreat at Philadelphia speaking to the House of Democrats, he claimed that skyrocketing inflation “is largely the fault of” Russian President Vladimir Putin and not his administrations’ excessive spending.

Biden released his anger on the American people who rightfully blame him for the sharp rise in inflation that began shortly after the passage of the American Rescue Plan, a $1.9 trillion COVID-19 relief bill. Somehow, he and the rest of the Democrat Party believe that Americans have such a short attention span that they think we believe them when they say that high inflation just started when Putin invaded Ukraine, and not when Sleepy Joe took office and began pushing policies that destroyed the economy.

“I’m sick of this stuff,” Biden whined.

“We have to talk about it, because the American people think the reason for inflation is government spending more money. Simply not true!” he shouted.

WATCH:

“As I have said from the start, there will be costs at home as we impose crippling sanctions in response to Putin’s unprovoked war, but Americans can know this: The costs we are imposing on Putin and his cronies are far more devastating than the costs we are facing,” Biden said.

“A second big reason for inflation is Vladimir Putin,” he continued. “From the moment he put his over one hundred and fifty thousand troops on the Ukrainian border, the price of gasoline in January went up 75 cents and Putin began amassing troops along the border.”

“Make no mistake, inflation is largely the fault of Putin,” Biden added.

Russian President Vladimir Putin’s invasion of Ukraine sent rising fuel prices even higher, but inflation was a serious problem for Biden well before the war.

Economists from both sides of the political spectrum have pointed to the Democrats’ spending as a driving factor behind inflation.

So yes, Biden is technically correct that the price of gas increased as Putin began his troop buildup at the Ukrainian border, but he forgot to mention that there was a major run-up that preceded the “Putin price hike.”

According to data from the U.S. Energy Information Administration:

The average retail price of a gallon of gas in the U.S. (all grades, all formulations) in January 2021 was $2.42. By December, the price had soared to $3.41, nearly $1 per gallon or an increase of 41 percent. This represents the “Biden price hike.”

On March 10, the EIA estimated the average retail price of a gallon of regular gas in the U.S. to be $4.33, a gain of 92 cents per gallon or 27 percent from year-end 2021. This represents the “Putin price hike.”

On Thursday, March 10th, the Consumer Price Index reported that the Bureau of Labor Statistics showed a year-over-year rise of 7.9 percent.

Steven Rattner, a former Treasury Department official from the Obama administration, previously said that the spending in Joe Biden’s American Rescue Plan was the “original sin” which caused inflation.

“The original sin was the $1.9 trillion American Rescue Plan, passed in March. The bill – almost completely unfunded – sought to counter the effects of the COVID pandemic by focusing on demand-side stimulus rather than on investment,” Rattner stated in November 2021. “That has contributed materially to today’s inflation levels.”

No matter how hard Joe Biden tries to divert the blame to Russia, Americans will remember that his administration is the main reason for this current economic crisis. No one is buying the “Putin price hike” lies.

Source: Patriot Nation Press

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1 comment
  1. Absolutely confirms just how ignorant and stupid Joe Biden truly is. The current US supposed leadership from the last election should be appropriately call Dumb and Dumber.

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