Proving that even the Left is tired of blaming Russia for literally everything that’s wrong with America, Steve Rattner, former President Barack Obama’s “car czar,” has stated that the responsibility for record-setting inflation and soaring gas prices falls not on Vladimir Putin, but on President Joe Biden.
In response to dismal numbers and a dark forecast for America’s economy from the Labor Department on Thursday which reveal consumer inflation has skyrocketed to 7.9% over the past year, President Biden stated that much of the bad news was due to Russian President Putin’s attack on Ukraine.
“A large contributor to inflation this month was an increase in gas and energy prices as markets reacted to Putin’s aggressive actions,” the president said. “As I have said from the start, there will be costs at home as we impose crippling sanctions in response to Putin’s unprovoked war, but Americans can know this: The costs we are imposing on Putin and his cronies are far more devastating than the costs we are facing.”
But as ABC News points out, the Labor Department stats “reflected the 12 months ending in February and didn’t include the oil and gas price surges that followed Russia’s invasion of Ukraine on Feb. 24.”
“Since then,” says ABC, “average gas prices nationally have jumped about 62 cents a gallon to $4.32, according to AAA.”
It’s a point Rattner wants underlined.
Well, no. These are Feb #’s and only include small Russia effect. This is Biden’s inflation and he needs to own it. https://t.co/WsJjn6picV
— Steven Rattner (@SteveRattner) March 10, 2022
“Well, no. These are Feb #’s and only include small Russia effect,” Rattner tweeted. “This is Biden’s inflation and he needs to own it.”
It isn’t the first time the former lead advisor on Obama’s Task Force on the Auto Industry has been critical of the Biden administration.
In an opinion piece last month for the New York Times, Rattner called the flailing president “disingenuous” about the effects of his economic policies, including his failed “Build Back Better” plan, on the deficit.
“The White House needs to be more honest as it rolls out initiatives,” Rattner writes. “It has promised robust antitrust enforcement, but while that is long overdue, it will have no discernible impact on competition or prices for years. And the high prices of meat and hearing aids, both of which Mr. Biden has vowed to address, are not the heart of the current problem.”
“The Biden administration needs to shift its approach. In particular, with the economy steaming along, it should make deficit reduction as important as its other initiatives.”
According to Rattner, Biden’s claims of deficit neutrality were only legit if viewed through the prism of “fuzzy math.”
“But here again, Mr. Biden has been disingenuous,” Rattner wrote. “His Build Back Better plan claims to be deficit-neutral, but that assertion is made credible only by using the fuzziest math.”
Meanwhile, White House news reporter Peter Doocy is continuing to fray Press Secretary Jen Psaki’s nerves.
“Are you guys just going to start blaming Putin for everything, until the midterms?” Doocy asked at Psaki’s briefing.
SPOILER: The answer is “yes.”
“Well we’ve seen the price of gas go up at least 75 cents since President Putin lined up troops on the border of Ukraine,” Psaki responded. Putin’s actions are “are, of course, having an impact.”
— MRCTV (@mrctv) March 10, 2022
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