CNN White House correspondent Jeremy Diamond grilled President Joe Biden on inflation today as rising costs threaten every part of the economy. How bad is it for Biden?
CNN reporter Pete Muntean reported on a price increase that will hit every American: “NEW RECORD high gas prices. AAA reports US average is now $4.37 per gallon, dwarfing previous record set March 11.”
“Why do you believe so many Americans believe that your administration is not doing enough to combat inflation?” Diamond asked Biden talking about all the polls that show Biden is viewed as an incompetent on darn near everything.
“And do you believe that you and your administration bear some measure of responsibility for the inflation that we’re seeing across the country?” Diamond asked.
Biden tried to spin away the truth with a rambling answer that seemed to dodge responsibility. He said Americans are upset with his administration because “we’re in power, adding “I don’t blame them” before trying to dodge the question.
“The vast majority of Americans are hoping that their government just takes care of the problem and they don’t have to think about it in detail, at the kitchen table, at the dinner table. And that’s understandable no matter what their background.
But the CNN reporter pressed on.
JEREMY DIAMOND: Do you take any responsibility for the inflation in this country?
Do you take any responsibility, your policies?
PRESIDENT BIDEN: I think our policies helped, not hurt.
“Think about what they say.
“The vast majority of the economists think that this is going to be a real tough problem to solve. “But it’s not because of spending.
“We brought down the deficit.
“The bottom line is, how much does America owe?
“How much in the hole are we going?
“We’re reducing that,” Biden said.
According to Fox Business:
Gas prices hit a new all-time high on May 10, 2022, amid rising inflation and President Biden’s restrictions on oil and gas production.
According to AAA’s average gas price calculator, the national average cost of a regular gallon of gasoline hit $4.374 on Tuesday, the highest ever according to AAA.
The prices come as the European Union edges toward oil sanctions on Russia amid the Kremlin’s invasion of Ukraine.
It also comes amid record-high inflation, with the consumer price index reaching 8.5% in March.
…According to Yardeni Research, increased oil costs suggest the average American household will pay almost $2,000 more for gasoline in 2022, according to a March research note.
NEW RECORD high gas prices. AAA reports US average is now $4.37 per gallon, dwarfing previous record set March 11. pic.twitter.com/m8oC2c0Fi7— Pete Muntean (@petemuntean) May 10, 2022