{"id":1510555,"date":"2022-06-10T14:35:56","date_gmt":"2022-06-10T18:35:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1510555"},"modified":"2022-06-10T14:36:18","modified_gmt":"2022-06-10T18:36:18","slug":"president-biden-blames-vladimir-putin-for-record-high-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/president-biden-blames-vladimir-putin-for-record-high-inflation\/","title":{"rendered":"President Biden Blames Vladimir Putin For Record-High Inflation"},"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%2Fpresident-biden-blames-vladimir-putin-for-record-high-inflation%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=1510555&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>In reaction to another record-breaking <a href=\"https:\/\/www.dailywire.com\/topic\/inflation\">inflation<\/a> report, <a href=\"https:\/\/www.dailywire.com\/topic\/biden-administration\">President Joe Biden<\/a> pinned rising <a href=\"https:\/\/www.dailywire.com\/topic\/economy\">price<\/a> levels on \u201cPutin\u2019s Price Hike.\u201d<\/p>\n<p>The Consumer Price Index (CPI) <a href=\"https:\/\/www.dailywire.com\/news\/inflation-reaches-8-6-setting-new-four-decade-high\">rose<\/a> 8.6% between May 2021 and May 2022 \u2014 meaning that inflation reached its highest level in four decades, the <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">U.S. Bureau of Labor Statistics<\/a> revealed on Friday morning. The new figure was worse than the Dow Jones estimate of 8.3% year-over-year inflation, <a href=\"https:\/\/www.cnbc.com\/2022\/06\/09\/may-consumer-inflation-expected-fiery-hot-as-gas-food-and-rent-rose.html#:~:text=The%20CPI%20report%20is%20released,ET%20Friday.\">according<\/a> to CNBC.<\/p>\n<p>President Biden characterized Russian President Vladimir Putin\u2019s invasion of <a href=\"https:\/\/www.dailywire.com\/topic\/ukraine\">Ukraine<\/a> as the main factor behind the higher prices.<\/p>\n<p>\u201cPutin\u2019s Price Hike hit hard in May here and around the world: high gas prices at the pump, energy, and food prices accounted for around half of the monthly price increases, and gas pump prices are up by $2 a gallon in many places since Russian troops began to threaten Ukraine,\u201d Biden said in a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/06\/10\/statement-by-president-biden-on-consumer-price-index-cpi-in-may\/\">statement<\/a>. \u201cEven as we continue our work to defend freedom in Ukraine, we must do more \u2014 and quickly \u2014 to get prices down here in the United States.\u201d<\/p>\n<p>On the day of Biden\u2019s inauguration, <a href=\"https:\/\/www.dailywire.com\/topic\/oil-and-gas\">gas<\/a> cost $2.39 per gallon \u2014 a figure that <a href=\"https:\/\/www.dailywire.com\/news\/the-cost-of-gas-has-more-than-doubled-since-the-day-biden-took-office\">doubled<\/a> to $4.82 last week before <a href=\"https:\/\/www.dailywire.com\/news\/gas-prices-hit-grim-national-average-of-5-per-gallon\">hitting<\/a> $5 per gallon on Thursday. The White House, which <a href=\"https:\/\/www.dailywire.com\/news\/peter-doocy-asks-for-a-straight-answer-on-keystone-gets-the-runaround-from-jen-psaki\">nixed<\/a> expansions to the Keystone XL Pipeline last year and is dragging its feet on <a href=\"https:\/\/www.dailywire.com\/news\/unacceptable-cruz-gop-senators-demand-end-to-oil-and-gas-lease-permit-delays\">issuing<\/a> oil and gas permits, claims that higher fuel costs may help the United States <a href=\"https:\/\/www.dailywire.com\/news\/biden-slammed-for-remarks-on-enormously-high-gas-prices-theyre-saying-the-quiet-part-out-loud-now\">transition<\/a> more quickly to renewable energy.<\/p>\n<p>\u201cPrices at the pump are a major part of inflation, and the war in Ukraine is a major cause of that. The United States is on track to produce a record amount of oil next year, and I am working with the industry to accelerate this output,\u201d Biden continued in his statement. \u201cBut it is also important that the oil and gas and refining industries in this country not use the challenge created by the war in Ukraine as a reason to make things worse for families with excessive profit taking or price hikes.\u201d<\/p>\n<p>Biden also called on Congress to pass bills meant to reduce costs for energy, prescription drugs, and overseas shipping. Indeed, many Democratic officials have repeatedly <a href=\"https:\/\/www.dailywire.com\/news\/new-yorks-democratic-ag-goes-after-price-gouging-amid-formula-shortage\">proposed<\/a> price control bills and blamed alleged corporate price-gouging for high inflation. He then exhorted lawmakers to \u201cmake the wealthiest Americans and big corporations pay their fair share\u201d and thereby \u201creduce this inflationary pressure even more.\u201d<\/p>\n<p>Biden, however, took credit for the budget deficit decreasing \u201cmore under my watch as President than at any time in history\u201d \u2014 ignoring the fact that the previous two fiscal years were marked by large stimulus measures, including Biden\u2019s own <a href=\"https:\/\/www.dailywire.com\/news\/comparing-trump-and-bidens-covid-relief-bills\">$1.9 trillion American Rescue Plan<\/a>, which was intended to combat COVID-19 and lockdown-induced economic issues.<\/p>\n<p>The White House has thus far struggled to connect with Americans on the economy. One recent <a href=\"https:\/\/www.dailywire.com\/news\/poll-finds-more-americans-are-pessimistic-about-their-standard-of-living\">poll<\/a> showed that 83% of Americans believe economic conditions are \u201cpoor or not so good.\u201d Meanwhile, 35% said they are not \u201csatisfied at all with their financial situation\u201d \u2014 the highest level since the poll began in 1972.<\/p>\n<p>In an <a href=\"https:\/\/www.wsj.com\/articles\/my-plan-for-fighting-inflation-joe-biden-gas-prices-economy-unemployment-jobs-covid-11653940654?mod=opinion_major_pos5\">opinion piece<\/a> for The Wall Street Journal released last month, Biden again put much of the blame for inflation on the Ukraine conflict \u2014 yet made an attempt to sympathize with Americans.<\/p>\n<p>\u201cAmericans are anxious. I know that feeling. I grew up in a family where it mattered when the price of gas or groceries rose,\u201d Biden wrote. \u201cWe felt it around the kitchen table. But the American people should have confidence that our economy faces these challenges from a position of strength.\u201d<\/p>\n<p>Nevertheless, another recent <a href=\"https:\/\/www.dailywire.com\/news\/poll-95-of-voters-say-inflation-is-somewhat-or-very-serious\">poll<\/a> revealed that a plurality of voters \u2014 47% \u2014 said that the Biden administration is to blame for inflation. A third <a href=\"https:\/\/www.dailywire.com\/news\/70-disapprove-of-bidens-handling-of-gas-prices-inflation-poll\">poll<\/a> released in March showed that Biden had a 70% disapproval rating with respect to inflation and gas prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In reaction to another record-breaking inflation report, President Joe Biden pinned rising price levels on \u201cPutin\u2019s Price Hike.\u201d The Consumer Price Index (CPI) rose 8.6% between May 2021 and May 2022 \u2014 meaning that inflation reached its highest level in four decades, the U.S. Bureau of Labor Statistics revealed on Friday morning. The new figure &#8230;<\/p>\n","protected":false},"author":99,"featured_media":1510621,"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-1510555","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\/1510555","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\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1510555"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1510555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1510621"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1510555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1510555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1510555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}