Biden: Reason for Inflation and Gas Prices ‘Is Putin’ It Has Nothing To Do with Reckless Spending

Biden: “And now, second big reason for inflation is Vladimir Putin and gas prices, not a joke. We’ve seen the price of gas go up over a dollar just since he put his troops on the border, on the border of Ukraine. They want up a dollar and five cents. Big part of that reason is Putin began amassing troops along the border and then crossed. And guess what? The world took notice. The market anticipated, prices went up, and then Putin invaded. Make no mistake, the current spike in gas prices is largely the fault of Vladimir Putin. It has nothing to do with the American Rescue Plan. Back to Wall Street, Wall Street estimated that the San Francisco Federal Reserve said — analyzed it, said the Rescue Plan contributed only 0.3 percent to inflation. 0.3 percent. That’s coming from the Fed. Rescuing our economy didn’t cause this problem, but we are working to fix it.”

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