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Biden Blames Putin for Inflation

President Biden is blaming Russian President Vladimir Putin for the high inflation rate in the U.S.

During his speech to the House Democratic Caucus Issues Conference in Philadelphia, Pennsylvania Biden said, “The second big reason for inflation is Vladimir Putin.”

After saying gasoline prices went up in response to Russian troops amassing at the Ukrainian border, Biden concluded, “Make no mistake. Inflation’s largely the fault of Putin.”

The president insisted inflation was not a result of Democrats spending and reacted with anger.

Watch full speech:

Press Secretary Jenn Psaki defended the administration’s reasons for inflation.

Critics disagreed with Biden’s assessment.

Senator Ted Cruz (R-TX) highlighted Biden blaming everything but himself for inflation.

Larry Summers, a former Obama administration official, disagreed with Biden blaming inflation on Putin.

The timeline of rising inflation disproves Biden assigning responsibility of inflation on Russia.

Inflation was spiking well before the Russian invasion of Ukraine.

Biden owns the inflation situation as well as the surging gasoline prices but he is in denial because of the political consequences for the Democrats in the upcoming midterm elections.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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