Rick Santelli — an on-air editor for CNBC — called out Joe Biden because of his ever-changing excuses for skyrocketing inflation.
According to a report from the Bureau of Labor Statistics, the inflation increased 7.9 percent on a year-to-year basis in February, making it the highest increase in more than 40 years.
On CNBC’s show “Squawk Box,” Santelli stated:
“And of course this inflation news is going to be tough for the administration. Nothing, Joe, nothing has been more politicized than inflation! Just let’s harken back to all the things we’ve been through. First it was transitory, then ‘inflation is good.’ Then we went to ‘corporate greed.’ Now we’re at Putin.”
“It’s probably all of the above, but no matter how you slice it it’s all about commodities for the most part. And king commodity is energy, and most people in the United States are reminded about that every three to four days when they go fill up their tanks,” the CNBC editor added.
Joe Biden and the rest of his administration have tried several strategies for explaining away skyrocketing inflation.
In July of 2021, the White House claimed that the spike in inflation was only temporary. White House Press Secretary Jen Psaki even said that the administration understands “the threat that inflation poses” and the administration would be “vigilant” in their response.
“It’s important for Americans to know and understand that these impacts are temporary, and some of these price increases are a result of the economy turning back on,” Psaki said.
In October of 2021, the press secretary also told CNN anchor Jake Tapper that the inflation that Americans are experiencing is a “good thing” because it means “more people are buying goods” which is “increasing the demand.”
This statement from Psaki came soon after White House Chief of Staff Ron Klain claimed in a Twitter post that inflation and supply chain issues were “high-class problems.”
Joe Biden sent out a tweet blaming Russian President Vladimir Putin for inflation, just as he has for rising gas prices in recent days, saying: “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.”
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. But I am fighting to bring down the everyday prices that are squeezing Americans. https://t.co/PVJqBeTvQS
— President Biden (@POTUS) March 10, 2022
Source: Patriot Nation Press