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CNN Anchor Shoots Down Biden Official’s Attempt To Blame Gas Prices On Putin

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Joe Biden

On Monday, Biden administration economic adviser Brian Deese was shot down by CNN anchor Jake Tapper as he attempted to blame the rising gas prices on Russian President Vladimir Putin’s invasion of Ukraine.

“Today, on average, gas is costing $4.60 a gallon, that’s up more than $0.10 a gallon from last week, almost $0.50 from last month,” Tapper began. “We’re one week away from Memorial Day, should Americans be buckling up for these high prices all summer?”

Deese claimed that President Biden’s administration was working hard to quell the rising gas prices and then blamed the prices on Putin.

“We’re doing everything we can to bring those prices down. As you know, this all emanates from Putin’s decision to invade Ukraine —” Deese said.

“Not all of it,” Tapper interjected. “Not all of it. Some of it, yes.”

“Just to be really clear, since troops started massing on the Ukrainian border and there was a concern that Russian supplies would come off, we have seen prices at the pump go up to $1.50. That is the price hike that is associated with the impact of taking Russian supply off the market,” Deese continued. “So, we’re doing everything we can to bring more supply onto the market.”

During Biden’s first year in office, gas prices rose nearly 50%; rising from $2.42 per gallon in January 2021 to $3.41 per gallon in January 2022 – a month before Russia launched its invasion of Ukraine on February 24.

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12 Comments

12 Comments

  1. Douglas Hoffmaster

    May 24, 2022 at 9:19 am

    It’s too little, too late Jake. Remember when every time Biden made a clown statement it was an earth shattering event? Remember when MSM fawned over his favorite ice cream flavor? Well, the time is coming to pay the piper Tapper. The left media is trying to jump on the train, but it has already left the station—CNN,et al

  2. John

    May 24, 2022 at 11:04 am

    The Biden Regime isn’t doing “all that they can” to bring more supply to the market when they cancel oil and gas exploration. It’s illegal and unconstitutional for the government to play favorites in the energy market as to what type of energy it likes or doesn’t. It’s also illegal and unconstitutional for the government to play favorites as to what companies or sectors of the economy it favors or disfavors.

  3. Teresa

    May 24, 2022 at 11:44 am

    Biden is doing this on purpose.

  4. Robert Coad

    May 24, 2022 at 2:49 pm

    THIS GAS PRICE HIKE STARTED THE DAY THE IDIOT TOOK OFFICE DON’T KID YOURSELF.HE IS AN ABSOLUTE IDIOT THE WAY HE SCREWED UP EVERYTHING TRUMP HAD IN PLACE.I CAN’T EVEN STAND TO WATCH HIM ON TV.HE MAKES ME WANT TO PUKE

  5. George Stough

    May 24, 2022 at 3:11 pm

    LETS GO BRANDON

  6. Stuart Scott Barnes

    May 24, 2022 at 4:17 pm

    Let’s go Brandon.

  7. Frank

    May 25, 2022 at 2:09 pm

    Dementia Joe always has been and always will be a useless liar and a horrible “public servant.” 80 million votes? Absolutely laughable, but, hey, at least we don’t have a president hurting the feelings of today’s thin-skinned liberals. Oh, and for the record, I’m not a Trump fan or follower. Honestly though, he was a million better than this joke of a POTUS!

  8. Gregory Anderson

    May 26, 2022 at 1:55 pm

    The democrats, since Obama, have always diverted their agenda away fom their poor decisions to, what a lot of democratic voters, believe believe is true facts.

  9. Larry

    May 28, 2022 at 8:48 am

    Putin would have ZERO effect if Biden had not done everything he has done to reduce domestic production. We were energy independent and an EXPORTER under Trump which means Putin would have had NO impact on our energy prices and US exporters would enable Europe to embargo Russian energy which would stop the war. Biden’s policies are 100% responsible for the gas prices.

  10. Slideglide

    May 28, 2022 at 9:25 am

    I defy anyone who says life is better under biden, than before President Trump was forced out by the Democrat’s coup. The unthinkable became a reality when Communist sympathizers seized power with a fraudulent election, revealing the frailty of our Constitusional Republic.

  11. Louise Stewart

    May 29, 2022 at 1:09 pm

    NYEET…NO! LOOK through what Brandon has said for the past years! And use some common sense!!🤪🙄🪀🤢🤮

  12. Butch leavens

    June 1, 2022 at 9:41 am

    Bidenomics is major blame for all the downsides of what is happening in this nation,,high crime rate,, high gas prices,, border crisis,,super high inflation,, his climate agenda and electric school buses are many decades away,,solve what can be solved now

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Economy

Atlanta Fed’s GDP Tracker Shows United States May Be In A Recession

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Joe Biden

The United States has likely entered a recession, according to the Federal Reserve’s key gauge for measuring economic activity.

The Atlanta Fed’s GDPNow measure, which tracks economic data in real time and continuously adjusts projections, says that the United States economy will shrink by 2.1% in the second quarter. A 2.1% contraction in the second quarter paired with the first quarter’s decline of 1.6% would meet the definition of a recession.

“GDPNow has a strong track record, and the closer we get to July 28th’s release [of the initial Q2 GDP estimate] the more accurate it becomes,” wrote Nicholas Colas, co-founder of DataTrek Research.

The tracker fell dramatically last week from an estimate of 0.3% after data “showing further weakness in consumer spending and inflation-adjusted domestic investment prompted the cut that put the April-through-June period into negative territory,” CNBC reported.

“One big change in the quarter has been rising interest rates,” CNBC added. “In an effort to curb surging inflation, the Fed has jacked up its benchmark borrowing rate by 1.5 percentage points since March, with more increases likely to come through the remainder of the year and perhaps into 2023.”

Last week, Federal Reserve Chairman Jerome Powell warned that the decision to fight inflation by increasing interest rates was “highly likely” to cause pain to Americans.

During the European Central Bank forum, host Francine Laqua asked Powell, “If you’re speaking out to the American people to try and help them understand how long it will take for, you know, monetary policy to go back to something that resembles normalcy … what would you tell them?”

“I would say that we fully understand and appreciate … the pain people are going through dealing with higher inflation, that we have the tools to address that and the resolve to use them, and that we are committed to and will succeed in getting inflation down to two percent,” Powell responded.

“The process is likely, highly likely to involve some pain, but the worst pain would be from failing to address this high inflation and allowing it to become persistent,” he added.

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Economy

Biden’s Fed Chairman: Solving Inflation ‘Highly Likely To Involve Some Pain’ For Americans

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On Wednesday, Federal Reserve Chairman Jerome Powell said that solving the inflation crisis is “highly likely” to cause pain to Americans but that it would be less painful than not addressing inflation.

During the European Central Bank forum, host Francine Laqua asked Powell, “If you’re speaking out to the American people to try and help them understand how long it will take for, you know, monetary policy to go back to something that resembles normalcy … what would you tell them?

“I would say that we fully understand and appreciate … the pain people are going through dealing with higher inflation, that we have the tools to address that and the resolve to use them, and that we are committed to and will succeed in getting inflation down to two percent,” he responded.

“The process is likely, highly likely to involve some pain, but the worst pain would be from failing to address this high inflation and allowing it to become persistent,” Powell added.

Powell’s comments come as inflation has reached the highest rate in more than 40 years with prices rising 8.6% from May 2021 to May 2022, according to a new report from the Bureau of Labor Statistics.

In order to bring down inflation, the Federal Reserve increased the interest rate by 0.75% earlier this month – the highest increase since 1994 – and warned of additional increases in the interest rate in the future.

“The three-quarter-point hike brings the federal funds rate to between 1.5% and 1.75%. The federal funds rate dictates what it costs for banks to borrow money from each other. And, generally, higher interest rates mean it’s more expensive for consumers to get a mortgage, obtain a loan to buy a vehicle and to carry a balance on a credit card,” NBC News reported. “The expected effect of these changes is that consumers will spend less and the heightened demand for goods — one of the drivers of inflation — will slow down.”

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