Is Biden at fault for the worse inflation rate in 40 years?

[healthmyths]

Biden inflation hits 40-year high… Rick Santelli breaks it down…

At least crack pipes are free U.S. inflation accelerated in January, with prices across a wide range of goods and services soaring further amid lingering shortages and supply chain disruptio…

citizenfreepress.com

Biden inflation hits 40-year high… Rick Santelli breaks it down…​

So why is it Biden's "inflation"? Well among many reasons here is one dominate one!
Every day Americans buy an average of about 338 million gallons per day (or about 8.05 million barrels per day).

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

So when gas rises in price nearly 40% from what it was a year ago... that means every day gas cost Americans $334 million a day MORE
than a year ago.
So why is it Biden's "Inflation"... ONE major reason...
Biden shut off oil exploration on land that produces 25% of Americans oil.
He then begs OPEC to pump more gas while restricting American oil producers!
He then releases 50 million barrels from the strategic oil reserves!
These three Biden actions CAUSED gas prices to increase for Americans by $334 million a DAY!
Folks... if that doesn't add to inflation...wow are those of you who don't think Biden's at fault... You don't understand economics...at all!

 

[lennypartiv]

Previous US presidents were so bad the US inflation rate was out of control.

Biden is so bad, the global inflation rate is out of control.

 

[JGalt]

Welcome to Bidenflation. You idiot Democrats voted for this shit, so suffer, bitches.

 

[Mac1958]

This has been a team effort.

Only a mindless tribal sheep would claim otherwise.

 

[1srelluc]

The "year ago" gas price thing is deceptive. Tater The Putz should be held accountable on what prices were the day he stole the election.....Prices started going up then due to uncertainty.

Think on it, a year from now if prices remain steady those "year ago" prices will be touted as a success by the dems, especially if it goes down a few cents. It would still be around a dollar a gallon more.

BTW the average price for a gallon of unleaded regular was around $2.20 the day Tater stole the election.

 

[lennypartiv]

The "year ago" gas price thing is deceptive. Tater The Putz should be held accountable on what prices were the day he stole the election.....Prices started going up then due to uncertainty.

Biden should ask Trump how to get the price of gas under $2 per gallon.

 

[pknopp]

Does Biden share the blame? Absolutely. Is this something that happened because of what has happened in the last year? No. This has been building and created over years.

 

[healthmyths]

Previous US presidents were so bad the US inflation rate was out of control.

Biden is so bad, the global inflation rate is out of control.

What previous presidents? The last president that caused inflation was Jimmy Carter.
The price per barrel of oil quadrupled during the 1973 oil embargo and then doubled again in 1979 as a result of the Iranian Revolution.
The easy-money policies of the American central bank—designed to generate full employment by the early 1970s—also resulted in high inflation.4 5 The central bank (once under different leadership) would later reverse its policies, raising interest rates to some 20%—a number once considered usurious.6 For interest-sensitive industries, such as housing and cars, rising interest rates cause a calamity. With interest rates skyrocketing, many people are priced out of new cars and homes.

The Great Inflation of the 1970s

In the 1970s, moves meant to prevent unemployment instead did the opposite, rocketing inflation and creating one of the worst fiscal disasters of the century.

www.investopedia.com

 

[JWBooth]

Does Biden share the blame? Absolutely. Is this something that happened because of what has happened in the last year? No. This has been building and created over years.

Absolutely right. He can be blamed for failing to mitigate and even accelerating the problem.

 

[healthmyths]

Biden should ask Trump how to get the price of gas under $2 per gallon.

Well here is one REASON why Biden/Obama contributes to high gas prices.
NOTE how Obama reduced leases for Federal lands that produce 25% of US oil..
while Trump INCREASED leases.

Oil from federal lands tops 1B barrels as Trump eases rules

Oil production from federally-managed lands and waters topped a record 1 billion barrels last year

abcnews.go.com

 

[22lcidw]

Does Biden share the blame? Absolutely. Is this something that happened because of what has happened in the last year? No. This has been building and created over years.

Bullshit. Trump told us everything that many people put their heads in the sand and do not want to know. Our political class is self-important. Progs are doing what the founding fathers warned against with the former Neo Cons that were attached to the Repubs now on their side as Repub voters are wising up. Now you are becoming the war mongers. Neil young will be singing pro nuclear detonation songs....Oh their going to radioactive Ukraine...With Bio and Chemical weapons in their lair.

 

[pknopp]

Bullshit. Trump told us everything that many people put their heads in the sand and do not want to know. Our political class is self-important. Progs are doing what the founding fathers warned against with the former Neo Cons that were attached to the Repubs now on their side as Repub voters are wising up. Now you are becoming the war mongers. Neil young will be singing pro nuclear detonation songs....Oh their going to radioactive Ukraine...With Bio and Chemical weapons in their lair.

Right, all the money gave away under Trump has nothing to do with this. All the trillions under Trump pumped into the markets has nothing to do with this. The 8 trillion debt under Trump has nothing to do with this.

Even you understand but yet you will persist.

 

[22lcidw]

Right, all the money gave away under Trump has nothing to do with this. All the trillions under Trump pumped into the markets has nothing to do with this. The 8 trillion debt under Trump has nothing to do with this.

Even you understand but yet you will persist.

Trump understood the Federal Reserve. He even made sure to make comments to keep the prime rate low. the truth is he did not start this. The Federal Reserve can make or break a President. In 1913 the United States ceded its control of its destiny when the Federal Reserve Act was passed. Are you willing to cut all of the debt in our yearly budgets? Cut the budget deficit now or raise taxes to balance the budget to start. Who loses? What are the consequences or positives? Do we go into a massive depression? Are we in some type of one now? A potential future Fed Head has views to not give resources to people who are not Global Climate lovers. Do you understand that? we are controlled by a privately owned Federal Bank who eats up economies from within over a period of time as politicians use their abilities to print money out of nothing to stay in power.

 

[pknopp]

Trump understood the Federal Reserve. He even made sure to make comments to keep the prime rate low.

Which is what has helped contribute to the high inflation. Money was never intended to be cheap.

the truth is he did not start this.

I never argued he did. I said it was years in the making.

The Federal Reserve can make or break a President. In 1913 the United States ceded its control of its destiny when the Federal Reserve Act was passed. Are you willing to cut all of the debt in our yearly budgets? Cut the budget deficit now or raise taxes to balance the budget to start. Who loses? What are the consequences or positives? Do we go into a massive depression? Are we in some type of one now? A potential future Fed Head has views to not give resources to people who are not Global Climate lovers. Do you understand that? we are controlled by a privately owned Federal Bank who eats up economies from within over a period of time as politicians use their abilities to print money out of nothing to stay in power.

The Federal Reserve has lost control. They did quite awhile ago.

 

[22lcidw]

Which is what has helped contribute to the high inflation. Money was never intended to be cheap.



I never argued he did. I said it was years in the making.



The Federal Reserve has lost control. They did quite awhile ago.

Money was always supposed to be an easy use of one person making a transition with another. The Federal Reserve as a private bank convinced people to be suckers. In a simple way if you bake ten loaves of bread and another person makes ten jars of jelly, instead of them trading with each other, the Federal Reserve takes a loaf of bread and a jar of jelly for the transaction. And they do nothing. They are legalized loan sharks.

 

[MinTrut]

Biden inflation hits 40-year high… Rick Santelli breaks it down…

At least crack pipes are free U.S. inflation accelerated in January, with prices across a wide range of goods and services soaring further amid lingering shortages and supply chain disruptio…

citizenfreepress.com

Biden inflation hits 40-year high… Rick Santelli breaks it down…​

So why is it Biden's "inflation"? Well among many reasons here is one dominate one!
Every day Americans buy an average of about 338 million gallons per day (or about 8.05 million barrels per day).

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

So when gas rises in price nearly 40% from what it was a year ago... that means every day gas cost Americans $334 million a day MORE
than a year ago.
So why is it Biden's "Inflation"... ONE major reason...
Biden shut off oil exploration on land that produces 25% of Americans oil.
He then begs OPEC to pump more gas while restricting American oil producers!
He then releases 50 million barrels from the strategic oil reserves!
These three Biden actions CAUSED gas prices to increase for Americans by $334 million a DAY!
Folks... if that doesn't add to inflation...wow are those of you who don't think Biden's at fault... You don't understand economics...at all!

View attachment 599629

Democrats and other fascist globalist psychopaths are responsible, including Biden.

They burned countries down for power and wealth, and could give two shits about the poor and middle class.

 

[1srelluc]

Right, all the money gave away under Trump has nothing to do with this. All the trillions under Trump pumped into the markets has nothing to do with this. The 8 trillion debt under Trump has nothing to do with this.

Even you understand but yet you will persist.

LOL....You have been dismasted Sir....Lower your colors, or prepare to be boarded.

 

[healthmyths]

Think about it...Every day Americans buy an average of about 338 million gallons per day...
Below gas up $1.00 or 40% from a year ago.
This means TODAY and every day forward Americans are pouring $339,690,000 A DAY they would have spent
on food, etc. instead of gas.
Again... I've not seen ANY Biden supporter explain WHY one of Biden's FIRST act was stopping BLM from executing
oil exploration leases on land that produces 25% of America's oil!
HOW stupid and for what REASON? So Biden then in response takes 50 million barrels out of reserves, begs OPEC/Russia to send more oil! How totally economically, politically and above all ignorant actions!
Stopping exploration on land that provides 25% of the nations oil! And for what?

 

[maybelooking]

Hes not the ONLY one at fault. Its been building since terrorists drug us into a no win situation over 20 years ago.

But he wanted the job, so fuck him. Hes in charge, HES RESPONSIBLE.

 

[healthmyths]

Hes not the ONLY one at fault. Its been building since terrorists drug us into a no win situation over 20 years ago.

But he wanted the job, so fuck him. Hes in charge, HES RESPONSIBLE.

Oh I agree there are others to be blamed. Biden though had a DIRECT hand in stopping exploration on land that provides 25% of America's oil. That is a direct role that as I've shown in the attached chart that shows leases being signed. Note 2020 the affect of COVID caused fewer leases to be signed under Trump! But the prior 3 years he was signing more. As a result:
In 2019, when Donald Trump was president, the U.S. did achieve energy independence, something that had not happened since 1957.

Fact Brief : Was the United States energy independent four months ago, before Joe Biden became president? | Gigafact

NO, In January 2021 the U.S. consumed more energy than it produced.A post on social media implies that since the Biden administration began in late January 2021, energy independence ended and led to gasol

repustar.com