Carney of Breitbart News reported:
The Ukraine crisis is not the cause of inflation, high gas prices, and supply chain issues…
“You can see why Joe Biden’s friends want to blame Russia for U.S. inflation,” Carney wrote.
“The American public’s approval of Joe Biden’s handling of the economy slipped a notch lower in February, according to the latest Gallup poll. It’s like someone has put a neon sign flashing #BIDENFLATION on the White House lawn,” reports Carney of Breitbart News.
“Now they’re scrambling everyone, trying to pull the plug. But this strategy of blaming Putin probably will not work for a simple reason: inflation was already soaring,” Carney emphasized.
“Just 37 percent of Americans said they approve of Biden’s handling of the economy, down from 38 percent in November, 46 percent in August, and 54 percent a year ago. Sixty-two percent say they disapprove of Biden’s handling of the economy,” reported Breitbart News.
“Inflation rose sharply last year and has continued to climb this year,” reported Breitbart News. “In January, the Consumer Price Index hit its fastest pace of inflation in 40 years.”
“Biden and his White House lost the confidence of the public by downplaying inflation and claiming it was likely to fall back down to tolerable levels. The Biden administration also attempted to pin the blame on inflation on corporate greed, a scapegoating that attracted the mockery of economists and fell flat with the American public who doubted that corporations had suddenly experienced a surge in greed after Biden’s election,” reported Breitbart News.
“The blame-shifting on inflation might backfire because the public already thinks Biden bungled relations with Russia. In August of 2021, the approval rating for Biden’s handling of Russia was at just 39 percent. But in February, it fell to 36 percent,” Carney wrote.
“Inflation was caused by a permissive monetary policy supporting too much deficit spending as America emerged from the pandemic recession. It has continued, in part, because the Biden administration keeps attempting to spend even more money and insists on putting forward implausible plans to reduce their effects on the deficit with accounting gimmicks,” reported Breitbart News.
To read more about Biden’s failed presidency, click here.