Joe Biden has been criticized by Jeff Bezos and China for pleading with gas companies to lower their prices to help the inflation-ridden American.
The president tweeted on Saturday: “My message to the companies that run gas stations and set prices at the pump is simple: This is a time of war and global danger. Decrease the price you charge at the pump to reflect the cost you pay for the product. And do it now.’
The tweet came over the July 4 holiday weekend, where Americans pay an average of $4,822 for gas.
It was criticized by Amazon founder Jeff Bezos, and even a Chinese government official who accused the president of undermining the highly capitalist principles on which the US economy is based.
Bezos said, “Ow. Inflation is far too important a problem for the White House to continue making statements like this. It is either a direct deception or a profound misconception of fundamental market dynamics.”
President Joe Biden tweeted to the companies that run gas stations: “Reduce the price you charge at the pump to reflect the cost you pay for the product. And do it now’
The president sent the message days after telling Americans they will have to endure high gas prices for as long as it takes Ukraine to beat Russia
The president’s message caught the attention of the world’s third-richest person, Amazon founder and former CEO Jeff Bezos
During the 2020 election cycle, Amazon donated $1.7 million to the Biden campaign, but the company donated $164,000 to the Trump campaign
Biden found clear support from Chinese state media reporter Chen Weihua.
The communist mouthpiece sent out a sarcastic tweet highlighting how Biden sought to undermine the supply and demand principles that dictate prices in a free-market economy like that of the United States.
Weihua tweeted: “Now the US president has finally realized that capitalism is about exploitation. He didn’t believe this before.’
The reporter tweeted something similar to Biden in 2021 when he responded to the president’s tweet that read: “Let me be clear: capitalism without competition is not capitalism. It’s exploitation.’
Weihua then wrote, “Capitalism is all about exploitation. Period of time.’
Biden’s tweet was praised by Chen Weihua, a reporter and columnist for the state-owned China Daily. Weihua is located in Brussels, Belgium
Another of those who responded was Texas Senator Ted Cruz, who tweeted, “My message to the man who runs your teleprompter. It is your fault. Spin the dozens of executive orders, regulations, and actions from agencies targeting US energy, and gas prices will fall… FAST. #Bidenflation.’
The president made a similar plea to oil giants in a June 22 speech, which read in part: “These are not normal times. Reduce the price you charge at the pump to reflect the cost you pay for the product.”
Biden begging companies to cut prices comes shortly after his administration failed to sell even his own party with a 90-day gas tax break.
According to an NBC report, if the tax break continued, the average American would save just 12 cents a gallon.
As gas prices continue to skyrocket for US consumers, the Wall Street Journal reported earlier this week that the Biden administration “intends to block new offshore oil drilling in the Atlantic and Pacific Oceans.”
Since March 2022, the president has been trying to blame inflation on Russian President Vladimir Putin, who calls inflation “Putin’s price hike.”
A Democratic Party strategist told Politico in June that the slogan didn’t resonate with voters who said, “It’s not a meeting with voters where they are. It is much more important to feel their pain than to explain it.’ The article quoted other strategists as saying the phrase sounded more like “blaming blame than solving problems.”
Finally, Federal Reserve chairman Jerome Powell broke with the Biden administration by admitting that inflation was already high before Russia’s invasion of Ukraine in February.
Although the plan does allow oil companies to lease drilling areas in the Gulf of Mexico and Alaska’s Cook Inlet until 2028.
In 2020, while Biden became president, his campaign pledged to stop new oil and gas drilling on federal land and water.
In a one-on-one debate with fellow Democrat Bernie Sanders, Biden said, “No more drilling on federal lands, no more drilling, including offshore — no opportunity for the oil industry to keep drilling — period.”
Vice President Kamala Harris said on the same day as the president’s tweet that cutting gas prices was “probably” the Biden administration’s top priority
Speaking on Saturday in New Orleans for the Essence Festival of Culture, Vice President Kamala Harris told WDSU that cutting gas prices is “probably” the Biden administration’s top priority.
Harris said, “The president and our administration probably have the highest priority to lower the price of gas and the cost of living.”
Meanwhile, Biden said earlier this week at a NATO summit in Madrid that Americans will have to endure high gas prices “as long as necessary” over Russia’s invasion of Ukraine.
Following those comments, New York Republican Congressman Andrew Garbarino targeted the president in an attempt to blame the Russian invasion of Ukraine on the gas price on Fox Business Network’s “Mornings with Maria.”
Garbarino also said: “In November 2020, gas prices were around 43 – a barrel of oil was $43 a barrel. And now, a month before Putin invaded Ukraine, it was $87. So it had already doubled in one year of his presidency.”
The congressman called Biden’s apology “a joke.”
On July 1, Biden’s economic adviser Brian Deese said Americans should “stand firm” on paying record high gas prices because the “future of the liberal world order” is more important.
“What do you say to those families who say, ‘Listen, we can’t afford to pay $4.85 a gallon for months, if not years?” was asked on CNN on Thursday to the director of the National Economic Council.
“What you heard from the president today was a clear articulation of the stakes. This is about the future of the liberal world order and we must stand firm,” he replied.
Deese added, “At the same time, I would like to say to those family and Americans across the country that you have a president and a government that will do whatever it takes to smooth those price hikes and bring those prices down.”
Majority of Americans now want Biden to prioritize tackling inflation over Russia after sending more than $5 billion in military aid to Ukraine
President Biden promised the US would make sacrifices for Ukraine “as long as necessary”, but a new poll shows public interest in unchecked aid is waning.
YouGov polls show that 40 percent of Americans think the US should be less involved in conflicts abroad, 12 percent think the US should be more involved, and 31 percent think involvement should remain about the same.
When asked what Biden’s top priority should be right now, 53 percent said lowering inflation or resolving the energy crisis, and 8 percent said ensuring Russia’s defeat in Ukraine.
Forty-six percent said they oppose the US getting directly involved in the fight in Ukraine, 21 percent neither support nor oppose it, and 23 percent support US military involvement, according to the poll, which was first obtained by the Washington Examiner.
Biden has promised not to put boots on the ground in Ukraine.
Forty-four percent of respondents said they disagreed with Biden’s approach to the war in Ukraine, while 36 percent said they approved.
YouGov sampled 1,000 people from June 23 to June 29.
The US has given Ukraine nearly $60 billion since the Russian invasion — $5.5 billion from the Biden administration and $54 billion authorized by Congress. That figure does not include the tens of billions worth of US weapons and equipment transferred to Ukraine.
Concerns have increased in Congress over the Pentagon’s ability to monitor the sudden influx of cash into Ukraine and track down the thousands of US weapons being shipped to the country.
Meanwhile, Russia has refocused its efforts on Ukraine’s eastern Donbas region. Vladimir Putin this week said it “makes no sense to set an end date” for what he calls the “special military operation in Ukraine.” Russia and Ukraine are unlikely to want to come to the negotiating table anytime soon and make concessions.