{"id":1489966,"date":"2022-05-24T13:15:46","date_gmt":"2022-05-24T17:15:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1489966"},"modified":"2022-05-24T13:16:15","modified_gmt":"2022-05-24T17:16:15","slug":"its-going-to-take-some-time-biden-officially-retires-transitory-inflation-narrative","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/its-going-to-take-some-time-biden-officially-retires-transitory-inflation-narrative\/","title":{"rendered":"\u201cIt\u2019s Going to Take Some Time\u201d \u2013 Biden Officially Retires \u201cTransitory Inflation\u201d Narrative"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/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%2Fits-going-to-take-some-time-biden-officially-retires-transitory-inflation-narrative%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=1489966&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--><\/p>\n<h2>President acknowledged that the price of gas is affecting &#8216;a lot of families&#8217;<\/h2>\n<div id=\"authorDate\">\n<p>\u00a0on&#038;nbsp24th May 2022 @ 5.00pm <\/p>\n<\/p><\/div>\n<figure title=\"The President blamed food shortages on Russia\u2019s invasion of Ukraine\">\n<div class=\"articleImage\">\n<p><span class=\"creditNew\">\u00a9\u00a0press<\/span>\n<\/div><figcaption>The President blamed food shortages on Russia\u2019s invasion of Ukraine<\/figcaption><\/figure>\n<p><strong>President\u00a0<a href=\"https:\/\/neonnettle.com\/tags\/joe-biden\">Joe Biden<\/a>\u00a0has warned that inflation and soaring gas prices will last longer than expected and admitted that it is now becoming a problem for many households.<\/strong><\/p>\n<p><em>\u201cThis is going to be a haul. This is going to take some time,\u201d<\/em> Biden said about rising prices during a May 23 press conference with Japanese Prime Minister Fumio Kishida.<\/p>\n<p>Biden acknowledged that the price of gas is affecting <em>\u201ca lot of families\u201d<\/em> while saying his administration worked with governments worldwide to release millions of barrels of oil into the market.<\/p>\n<p>But Biden admitted it was not enough.<\/p>\n<p>The President blamed food shortages on Russia\u2019s invasion of Ukraine as <em>\u201cmillions of bushels\u201d<\/em> of grain in Ukraine were being held up.<\/p>\n<figure title=\"Biden said that Washington was working with American farmers to deal with the current situation.\">\n<div class=\"articleImage\">\n<img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/05\/Biden-said-that-Washington.jpg\" alt=\"biden said that washington was working with american farmers to deal with the current situation\" \/><\/p>\n<p><span class=\"creditNew\">\u00a9\u00a0press<\/span>\n<\/div><figcaption>Biden said that Washington was working with American farmers to deal with the current situation.<\/figcaption><\/figure>\n<p>If these stocks were brought into the market, it would <em>\u201cfundamentally impact positively\u201d<\/em> to bring down food prices <em>\u201cacross the board,\u201d<\/em> he argued.<\/p>\n<p>Biden said that Washington was working with American farmers to deal with the current situation.<\/p>\n<p>According to Biden, the best thing he can do right now while trying to get Middle Eastern nations\u2014including OPEC\u2014to raise oil output, is to keep the American economy growing and create jobs.<\/p>\n<p>He then suggested implementing tax cuts for the middle class and other measures.<\/p>\n<p><em>\u201cWe have a 50\u201350 senate. It means we have 50 presidents. And I\u2019m having a little trouble getting some of these things passed. But we\u2019re not going to give up. We\u2019re going to keep pushing,\u201d<\/em> Biden said.<\/p>\n<figure title=\"&#039;This is going to be a haul. This is going to take some time,&#039; Biden said\">\n<div class=\"articleImage\">\n<img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/05\/This-is-going-to-be-a-haul.jpg\" alt=\"this is going to be a haul  this is going to take some time   biden said\" \/><\/p>\n<p><span class=\"creditNew\">\u00a9\u00a0press<\/span>\n<\/div><figcaption>&#8216;This is going to be a haul. This is going to take some time,&#8217; Biden said<\/figcaption><\/figure>\n<p>As <a href=\"https:\/\/www.theepochtimes.com\/this-is-going-to-take-some-time-biden-warns-about-inflation-gas-prices-during-japan-conference_4484603.html\" target=\"_blank\" rel=\"noopener\">The Epoch Times<\/a> reported:<\/p>\n<blockquote>\n<p><em>The 12-month inflation rate in April came in at 8.3 percent, just slightly lower than the four-decade high of 8.5 percent registered in March. Food prices rose by 9.4 percent, while energy prices surged by 30.3 percent.<\/em><\/p>\n<p><em>To make matters worse, the Producer Price Index (PPI), which tracks inflation before it hits consumers, increased by 11 percent in April, thus suggesting that consumer inflation might remain elevated in the months to come.<\/em><\/p>\n<\/blockquote>\n<p>With regard to gas, the average price of regular gas as of May 23 was a record-high $4.596 per gallon, according to data from the American Automobile Association.<\/p>\n<p>Prices were above $4 per gallon in all states, with five of them seeing prices in excess of $5 per gallon.<\/p>\n<p><em>\u201cPrices for gasoline, diesel, and other products are high and climbing. Further, those high prices are raising the cost of other goods and services, and here we are with extraordinarily high rates of inflation at both the consumer and producer levels,&#8221;\u00a0energy economist Karr Ingham said.<\/em><\/p>\n<p><em>&#8220;The actions of this administration suggest little relief anytime soon.&#8221;<\/em><\/p>\n<p>Ingham pointed out that the Biden administration is yet to provide the next legally-mandated five-year offshore leasing plan.<\/p>\n<p>The current plan comes to an end in June.<\/p>\n<p>The administration had recently canceled the sales of three major offshore oil leases in the country, thus blocking the opportunity to drill for oil in over a million acres and boost domestic production.<\/p>\n<h3 id=\"title\"><a href=\"https:\/\/neonnettle.com\/news\/19137-70-of-republicans-say-biden-should-be-impeached-if-gop-retakes-congress\" target=\"_blank\" rel=\"noopener\">[READ MORE] 70% of Republicans Say Biden Should Be Impeached If GOP Retakes Congress<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>President acknowledged that the price of gas is affecting &#8216;a lot of families&#8217; \u00a0on&#038;nbsp24th May 2022 @ 5.00pm   \u00a9\u00a0press The President blamed food shortages<\/p>\n","protected":false},"author":498,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1489966","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\/1489966","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\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1489966"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1489966\/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=1489966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1489966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1489966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}