Having been in the White House for almost two years, President Joe Biden had the uneasy task today of speaking to the American people about inflation. Coming off of the COVID-19 pandemic, many Americans were already struggling to make ends meet. To make matters worse, when Russian President Vladimir Putin invaded Ukraine, gas prices soared over $4 a gallon. Now with inflation causing more strain on Americans, President Biden sought not to give answers or a plan but instead focused on how it was all the Republicans’ fault. But he was sure to add that inflation was his top domestic priority.
Not wasting any time, President Biden jumped right into the issue of inflation by first claiming, “When you look at the economy today, it’s clear we’ve made enormous strides.” Take a look.
Causing the person (Karli Boone) filming to burst out laughing, that wasn’t all as Biden tried to place the blame on the GOP. He stated, “They don’t want to solve inflation by lowering your costs. They want to solve it by raising your taxes and lowering your income. I want every American to know that I’m taking inflation very seriously, and it’s my top domestic priority.”
The speech from Biden comes shortly after the Federal Reserve warned that the war in Ukraine and inflation are two main threats facing the global financial system. The report explained, “Inflation has been higher and more persistent than expected, even before the invasion of Ukraine, and uncertainty over the inflation outlook poses risks to financial conditions and economic activity.”
Also, having to answer a field of questions surrounding inflation, President Biden appeared to admit that the Democrats and his administration were to blame for the problem. In the video below, President Biden was asked if he believed the current administration should carry some of the blame for inflation. Surprisingly, the President said, “First is, we’re in power. That’s the first thing, and you are justifiably right. We control all three branches of the government.”
Even before President Biden spoke on inflation, Republicans like Senator Rick Scott suggested Amtrak Joe resign. “The most effective thing Joe Biden can do to solve the inflation crisis he created is resign. He’s the problem. Let’s be honest here. Joe Biden is unwell. He’s unfit for office. He’s incoherent, incapacitated, and confused. He doesn’t know where he is half the time. He’s incapable of leading, and he’s incapable of carrying out his duties”. While not unusual for Republicans to criticize Biden, a reporter got the chance to ask the President his thoughts.
For those who would like to watch the full speech, it can be viewed below as once again, President Biden declared, “looking at the economy today. It’s clear, we’ve made enormous strides. And our plans and our policies have produced the strongest job creation economy in modern times.”