• Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

US Running Low on Cash for Ukraine – White House

September 26, 2023

NATO Looking to Expand Into Asia – Russian MP

September 26, 2023

Zelensky Could Have Avoided the Escalation of the Conflict with Russia If He Had Refused Part of the Territories – Former US President Donald Trump

September 22, 2023
Facebook Twitter Instagram
Trending
  • US Running Low on Cash for Ukraine – White House
  • NATO Looking to Expand Into Asia – Russian MP
  • Zelensky Could Have Avoided the Escalation of the Conflict with Russia If He Had Refused Part of the Territories – Former US President Donald Trump
  • Summary of Zelensky’s Speech at the General Assembly
  • The Polish President Accuses Zelensky of Being Ungrateful After Ukraine Sues Poland Over Grain Disputes
  • Newsweek Finally Reporting on Devastating Ukrainian Losses
  • What Will Zelensky Get In The USA? War Or Peace? Military Summary And Analysis For 2023.09.19
  • How Ukraine Plans to DESTROY the Russian Fleet in Crimea?
Tuesday, September 26
Facebook Twitter Instagram
RT NewsRT News
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
RT NewsRT News
Home » Bezos Rips Into Biden Over Inflation Plea
State Of Affairs

Bezos Rips Into Biden Over Inflation Plea

adminBy adminJuly 4, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn WhatsApp Pinterest Email

Bezos Rips Into Biden Over Inflation Plea

By RT News

The Amazon founder accused the US president of failing to grasp basic economics.

After Joe Biden’s plea to oil companies to slash gasoline prices, Jeff Bezos lambasted the US president, saying that he’s either misleading the public or lacks a basic understanding of how a market economy works.

“Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics,” he tweeted on Sunday.

The business magnate’s comment was in response to the president’s appeal to oil companies that run gas stations in the US. On Saturday, Biden urged them to “to bring down the price” they charge Americans at the pump as soon as possible, saying:“this is a time of war and global peril”.

Bezos was not the only one to castigate Biden for his latest remarks on US energy security. On Saturday, Douglas Carswell, CEO of the Mississippi Center for Public Policy, tweeted: “Bizarre, tragic, pathetic. A US President lashing out at gas hoarders”.

Bezos and the White House have sparred over the economy before, with the Biden administration criticizing the Amazon founder for opposing the president’s planned reforms imposing higher taxes on wealthy US citizens. And in mid-May, Bezos lashed out at Washington for injecting “more stimulus into an already over-heated, inflationary economy”.

The latest back-and-forth comes as Americans across the country face skyrocketing gasoline prices, hitting a record average of $5 per gallon in June. And in late June, Biden said the US would endure the economic pain as long as necessary.

The US President pinned the blame for high prices and inflation on Russia’s military offensive on Ukraine, going as far as to describe the development as “Putin’s price hike”. According to a Rasmussen poll published in June, only 11% of Americans believe this to be the case, with more than a half of respondents pointing the finger at Biden.

Biden’s conservative critics have blamed his administration’s aggressive spending for driving inflation upwards, and his anti-fossil-fuel policies – including bans on new drilling leases and a shutdown of the Canada-US Keystone XL pipeline during his first week in office – for raising fuel costs. Biden has also embargoed Russian oil and gas imports, which accounted for a small share of US imports.


Original Source: https://www.rt.com/news/558292-bezos-biden-gasoline-prices-accusation/

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
admin
  • Website

Related Posts

Zelensky Could Have Avoided the Escalation of the Conflict with Russia If He Had Refused Part of the Territories – Former US President Donald Trump

September 22, 2023

Summary of Zelensky’s Speech at the General Assembly

September 21, 2023

The Polish President Accuses Zelensky of Being Ungrateful After Ukraine Sues Poland Over Grain Disputes

September 20, 2023

No Money to Keep Our Government Open, no Money to Protect Our Border, Crumbs for Hawaii – But Plenty of Money to Send Ukraine 21 Billion More

September 16, 2023

‘Alien Corpses’ Presented in Mexican Congress

September 14, 2023

Ukrainian Naval Drones Target Crimean Bridge – MOD

September 2, 2023
Add A Comment

Leave A Reply Cancel Reply

Don't Miss

US Running Low on Cash for Ukraine – White House

By adminSeptember 26, 2023

US Running Low on Cash for Ukraine – White House By RT News Lawmakers are…

NATO Looking to Expand Into Asia – Russian MP

September 26, 2023

Zelensky Could Have Avoided the Escalation of the Conflict with Russia If He Had Refused Part of the Territories – Former US President Donald Trump

September 22, 2023

Summary of Zelensky’s Speech at the General Assembly

September 21, 2023
Our Picks

US Running Low on Cash for Ukraine – White House

September 26, 2023

NATO Looking to Expand Into Asia – Russian MP

September 26, 2023

Zelensky Could Have Avoided the Escalation of the Conflict with Russia If He Had Refused Part of the Territories – Former US President Donald Trump

September 22, 2023

Summary of Zelensky’s Speech at the General Assembly

September 21, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the lifestyle news. This demo is crafted specifically to exhibit the use of the theme as a lifestyle site. Visit our main page for more demos.

We're accepting new partnerships right now.

Email Us: info@example.com
Contact: +1-320-0123-451

Our Picks

Nuclear Family: How Ukraine Helped North Korea Develop the World’s Deadliest Weapons

July 2, 2022

Russia Announces $14.5bn Domestic Airline Boost

June 30, 2022

Ukrainian Mayor Blames Shopping Mall Management For Deaths

June 30, 2022

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Instagram
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
© 2023 Russia-Ukraine.

Type above and press Enter to search. Press Esc to cancel.