This article originally appeared on The Daily Mail on April 2, 2022.
If one listened to President Joe Biden's speech on Thursday, they may come away with the idea that there are two villains behind the severe economic pain that Americans are experiencing.
According to Biden, it is the fault of Vladimir Putin and American oil companies that gas prices are at record highs.
'I know how much it hurts…' the president said. '[Some U.S. oil companies] don't want to increase supply because Putin's price hike means higher profits.'
His point is: Blame them. Not me.
He sounds like a broken record.
But put aside for a moment the president's disturbing rhetorical lumping together of a murderous tyrant and US executives – the bottom line is that what the president said is terribly misleading.
Runaway inflation – much more than just gas prices alone – is depleting the savings of hard-working Americans.
And we can now say that Biden's massive government spending – not war in Ukraine or greedy US corporations – is largely responsible for inflation.
Click here to read the full article.