Joe Biden has repeatedly doubled down on his accusations that the inflation American families are suffering through is Vladimir Putin’s fault, even though price increases began before the war in Ukraine. Now, Biden has admitted that Americans will be forced to suffer inflation “as long as it takes” to defeat Putin. The Daily Mail’s Emily Goodin reports:
President Joe Biden on Thursday said Americans should pay higher gas prices for ‘as long as it takes’ as he doubled down on blaming Russian President Vladimir Putin for the United States’ domestic woes.
Biden, in a press conference wrapping up his NATO summit, addressed the high prices Americans are paying at the pump and the record high inflation facing the country even as he argued other nations have even higher prices.
And he angrily argued American is not going backwards under his presidency.
Domestic issues – abortion, gas prices, and the economy – dominated Biden’s press conference.
‘As long as it takes,’ the president said when asked how long Americans will pay nearly $5 a gallon at the pump. The average price of gas is $4.857.
He argued it was necessary to help Ukraine fight off Russia.
‘Russia cannot in fact, defeat Ukraine and move beyond Ukraine. This is a critical critical position for the world,’ the president said.
Action Line: Americans simply don’t believe Biden’s “Putin Price Hike” story. They know that massive federal spending, Federal Reserve money printing, and economic dislocations caused by Democrat-run state lockdowns have driven inflation to 1980s level. Those hit hardest are retirees and those soon to retire who are faced with a fixed income and rising costs. Many haven’t built an investment portfolio capable of fighting inflation, and they’re worried. If you’re looking for help building an investment portfolio with inflation in mind, I’d love to help.
