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.
“I’m SICK of this stuff!”
Joe Biden is furious that Americans blame inflation on his government spending. pic.twitter.com/quRxB2lfvA
— Townhall.com (@townhallcom) March 11, 2022
Watch full speech:
Press Secretary Jenn Psaki defended the administration’s reasons for inflation.
Last month it was the pandemic, now it’s Putin 👀. #US #inflation #Biden pic.twitter.com/oRc48Hhu6v
— 𝙍𝘼𝙐𝙇 (@IcanArgue) March 10, 2022
Critics disagreed with Biden’s assessment.
Senator Ted Cruz (R-TX) highlighted Biden blaming everything but himself for inflation.
President Biden is playing an inflation blame game. pic.twitter.com/4VHEDC9On9
— Senator Ted Cruz (@SenTedCruz) March 11, 2022
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.
Every news outlet should be fact-checking Biden on his lie that inflation is caused by Putin.
Russia’s invasion of Ukraine is horrific & must end, but it didn’t cause America’s year-long inflation crisis. That falls squarely on Democrats’ reckless spending. #Bidenflation pic.twitter.com/ir3nPf1cXF
— Rick Scott (@SenRickScott) March 12, 2022
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.
