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Biden, WH blame everything but government spending for inflation
How will Biden handle inflation with a looming recession?
Fox News contributor Brian Brenberg talks consumer price index and gives inflation outlook on ‘Kennedy.’
President Biden has gone through painstaking efforts to shirk responsibility for the state of the economy, blaming everyone from Russian President Vladimir Putin to meat conglomerates for record inflation that hit a new 40-year high last month.
The consumer price index rose 8.5% in March from a year ago, marking the fastest increase since January 1982, when inflation hit 8.4%, according to a new Labor Department report released Tuesday. In a speech addressing the dismal report, Biden blamed "Putin’s price hike" for the rising prices.
BIDEN PREDICTED INFLATION HIT ITS ‘PEAK’ IN DECEMBER, BUT MARCH NUMBERS SHOW CPI AT 40-YEAR HIGH
"Putin's invasion of Ukraine has driven up gas prices and food prices all over the world," Biden said. "So everything is going up. We saw it in today's inflation data. Seventy percent of the increase in prices in March came from Putin's price hike in gasoline."
Biden’s blame game has evolved over the past several months. When inflation started accelerating a year ago, the White House largely downplayed it as "transitory."
"The overwhelming consensus is it’s going to pop up a little bit and then go back down," Biden said in June 2021 after inflation increased to 5%.
"These disruptions are temporary," Biden said in July 2021 after inflation jumped another 5.4%.
"It’s the peak of the crisis," the president said in December, after inflation hit a whopping 6.8%. "You’ll see it change sooner, quicker, more rapidly than people think."