{"id":1076668,"date":"2021-12-02T13:14:35","date_gmt":"2021-12-02T18:14:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1076668"},"modified":"2021-12-02T13:14:38","modified_gmt":"2021-12-02T18:14:38","slug":"biden-attempts-to-downplay-inflation-supply-chain-crises","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-attempts-to-downplay-inflation-supply-chain-crises\/","title":{"rendered":"Biden attempts to downplay inflation, supply chain crises"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-attempts-to-downplay-inflation-supply-chain-crises%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1076668&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2600252\" class=\"wp-caption alignnone\">\n<p id=\"caption-attachment-2600252\" class=\"wp-caption-text\">President Joe Biden speaks in the South Court Auditorium on the White House campus, Wednesday, Dec. 1, 2021, in Washington. Biden is set to kick of more urgent campaign for Americans to get COVID-19 booster shots on Dec. 2, as he unveils a his winter plans to combat the coronavirus. (AP Photo\/Evan Vucci)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 8:21 AM PT \u2013 Thursday, December 2, 2021<\/h5>\n<p>Joe Biden recently attempted to downplay the numerous economic crises facing the nation. While <a href=\"https:\/\/www.youtube.com\/watch?v=-rjcZBoSfCI\">speaking from D.C. on Wednesday<\/a>, he claimed the economy is currently doing well and is on its way to recovery.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Joe Biden\u2019s strategy is to blame everyone but himself for the record-high inflation his administration has ushered in.<\/p>\n<p>\u2014 Sen. Marsha Blackburn (@MarshaBlackburn) <a href=\"https:\/\/twitter.com\/MarshaBlackburn\/status\/1463343910407782401?ref_src=twsrc%5Etfw\">November 24, 2021<\/a><\/p>\n<\/blockquote>\n<p>Biden made those remarks despite a looming debt ceiling crisis, an ongoing supply chain crisis and skyrocketing inflation that Federal Reserve chair Jerome Powell said this week has no end in site. He attempted to downplay the ongoing supply chain woes while claiming his policies are responsible for helping ease bottlenecks<\/p>\n<blockquote>\n<p><strong>\u201cIf you\u2019ve watched the news recently you might think the shelves in all out stores are empty across the country, that parents won\u2019t be able to get presents for their children this holiday season, but here\u2019s the deal \u2014 for the vast majority of the country that\u2019s not what\u2019s happening,\u201d Biden stated. \u201cBecause of the actions the administration has taken\u2026those shelves are going to be stocked.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>However, experts say there are still huge challenges when it comes to the nation\u2019s supply chain. On Wednesday, a major federal reserve survey pointed out the ongoing supply chain bottlenecks continue to push inflation upwards. Businesses nationwide are still expressing concerns over when the supply chain is expected to fully recover.<\/p>\n<p>Meanwhile, Biden also touted the release of 50 million barrels of oil from the national oil reserves, which he claims will ease gas prices. However, many economists point out this accounts for only three days worth of oil and will likely have little affect on consumers.<\/p>\n<blockquote>\n<p><strong>\u201cLast week, I announced the largest ever release of the United States Strategic Petroleum Reserve to increase the supply of oil and help bring down prices,\u201d he explained.<\/strong><\/p>\n<\/blockquote>\n<p>Biden falsely blamed America\u2019s energy producers for the high prices of fuel, accusing oil companies of \u201cuncompetitive behavior.\u201d However, U.S. gas prices went up after he canceled the Keystone XL pipeline and banned drilling on federal lands earlier this year.<\/p>\n<p>He then claimed other countries have high inflation as well, but failed to mention it\u2019s not as high as in the U.S. In reality, U.S. inflation was 6.2 percent last month, which is above 4.2 percent inflation in Britain, 5.2 percent in Germany and 4.7 percent in Canada.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Biden is doing everything he can to hike his hidden inflation tax even higher through his Build Back Broke agenda.<\/p>\n<p>\u2014 GOP (@GOP) <a href=\"https:\/\/twitter.com\/GOP\/status\/1466190375383707653?ref_src=twsrc%5Etfw\">December 1, 2021<\/a><\/p>\n<\/blockquote>\n<p>Biden then took time to tout his trillions dollar social spending agenda, repeating the false claim it would \u201cpay for itself.\u201d Last month, the CBO released a report showing Biden\u2019s <a href=\"https:\/\/www.whitehouse.gov\/build-back-better\/\">Build Back Better<\/a> agenda would increase the federal deficit by $367 billion over the next decade. The report also found it would cost taxpayers $1.7 trillion over that same time period.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/senators-say-house-passed-biden-spending-bill-lacks-support-of-democrats\/\">Senators Say House-Passed Biden Spending Bill Lacks Support Of Democrats<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden speaks in the South Court Auditorium on the White House campus, Wednesday, Dec. 1, 2021, in Washington. Biden is set to kick of more urgent campaign for &#8230;<\/p>\n","protected":false},"author":79,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1076668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1076668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1076668"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1076668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1076668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1076668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1076668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}