NEWYou can listen to Fox News articles!
President Biden said Monday that Russian President Vladimir Putin and the COVID-19 virus are to blame for keeping the rise high in the United States and keeping inflation in check. “Nothing to do” with the policies of his leadership.
The president spoke Monday at the National League of Cities Congressional Cities Conference and talked about rising U.S. gas prices, as well as daily housing prices.
RUSSIA to UKRAINE: UPDATE
“We’ve seen families constantly struggle with high costs,” Biden said. “It’s very clear why prices are so high now or so high for two reasons.”
The first, Biden says, is because of “the way the world industry works.”
“A factory in Taiwan is making computer parts to replace a COVID virus. It creates a ripple effect that prolongs car production,” Biden said. “So, because of the disease, we’ve had a lot of problems with the supply chain, and our supply chain is critical with a lot of people from other places.”
“And right now, the second main reason for Vladimir Putin’s rise is,” Biden said.
MCCARTHY sued BIDEN FOR ‘AMERICA-LAST ENERGY POLICY’ WHEN THE 40-YEAR ENERGY REPORT WAS PUBLISHED IN FEBRUARY.
“We saw the price of gas go up by more than a dollar after he put his troops at the border with Ukraine – they went up by a dollar and five cents,” he said. said Biden.
“Part of the reason is that Putin started gathering troops at the border and then went to that. The market thought, prices went up, and then Putin attacked.”
He added: “Make no mistake, the rise in gas prices is largely for Vladimir Putin – it has nothing to do with the American Rescue Plan.”
Biden said “saving our industry is not the cause of this problem,” but he vowed to “fix it.”
The White House blames Russia for keeping up with high gas prices, gets ‘#PUTINPRICEHIKE’.
“We’re building this economy from the bottom up, and we’re doing something amazing,” he said. “We’re seeing a resurgence like never before – the pride that comes from branding ‘Made in America’ products.”
Right now, inflation rose to a new 40-year high in February. of the price tag It’s up 7.9% year -over -year, according to data released Friday by the Bureau of Labor Statistics. Month -on -month, according to the data, inflation rose to 0.8%.
The year -over -year reading according to forecasts compared with a 7.5% year -on -year growth in January, marking the fastest increase since February 1982, when inflation rose. an increase of 7.6%.
Gas jumped 6.6% in February and accounted for a third of price increases, according to data released by the Bureau of Labor Statistics on Friday. Food prices, by comparison, rose by 1%.
The February data was set before the start of the Russia-Ukraine conflict, which dropped prices in the pile to $ 4.31 as of today, according to AAA, a record high. .
TRUMP said BIDEN will allow ‘RADICAL CLIMATE EXTREMISTS to run our country’ as we know about high gas prices.
Biden announced last week a ban on imports of Russian oil, gas and energy into the United States, pointing to the “big roots” of the economy. of Russia during President Vladimir Putin’s war in Ukraine. Biden said the ban would be passed on to American families.
Russian oil exporters account for about a third of oil exports from Europe, but Russian exports account for less than 10% of all U.S. exports.
Amid rising gas prices, Biden has faced criticism from Republicans, who have urged him to lift his enforcement orders that shut down the Keystone XL pipeline from Canada and cut oil rents. and fresh gases in federal states.
Last week, White House press secretary Jen Psaki said the resumption of construction of the Keystone XL pipeline was not one of the options on the table to comfort the surge. of gas for Americans.
Click here to download the FOX NEWS program
“If we try to bring in supplies, it won’t solve any problem,” Psaki said. “The pipeline is just a delivery machine – it’s not an oil field, so it doesn’t provide any additional supplies to the system.”
When it was decided again if restarting the pipeline was something the White House was considering, Psaki replied, “There’s no plan for it, it’s not going to solve some of the problems we’re going to have. available now. “
Biden said last week “it’s not true” his industry is blocking home energy production, saying the price will “rise further” from their current historical level. . He reiterated his support for the government to invest in new energy sources and blamed the oil and gas industry for failing to take the time to spin in the US.
Biden sued Putin, COVID for high -profile registration in the US
Source link Biden sued Putin, COVID for high -profile registration in the US