Knowing that the next economic report is set to release, it seems the Biden administration is already preparing for the bad news and trying to spin a narrative that doesn’t place all the blame on President Joe Biden. Instead of letting the President give a statement, the White House sent none other than Press Secretary Jen Psaki to explain to the American people that the report could reveal “extraordinarily elevated” inflation. According to Psaki, this has nothing to do with the Democrats or Biden administration, it is all due to Russian President Vladimir Putin invading Ukraine.
Speaking to the press on Monday, Psaki stated, “So, because of the actions we’ve taken to address the Putin price hike we are in a better place than we were last month, but we expect March CPI headline inflation to be extraordinarily elevated due to Putin’s price hike.”
The Press Secretary added, “And we expect a large difference between core and headline inflation reflected in the global disruptions in energy and food markets. Core inflation doesn’t include energy and food prices, headline inflation does, and of course we know that core inflation, you know, energy, the impact of energy of course on oil prices, gas prices, we expect that to continue to reflect what we’ve seen, the increases be over the course of this invasion”.
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Having blamed a great deal of the Biden administration’s problems on Putin, Psaki decided to reiterate the surge in gas is again, all Putin’s fault. “And just as an example, since President Putin’s military build-up accelerated in January, average gas prices are up more than 80 cents, most of the increase occurred in the month of March, and at times gas prices were more than a dollar above pre-invasion levels. so that roughly 20% increase in gas prices will drive tomorrow’s inflation reading, and certainly, it’s not a surprise to us, but we certainly think it will be reflected.”
While the White House is quick to blame Putin, a recent survey showed that 38% of Americans aren’t buying the narrative that all of the country’s problems are due to Russia. Only 6% of those asked believed it had anything to do with Putin.
This piece was written by Jeremy Porter on April 12, 2022. It originally appeared in DrewBerquist.com and is used by permission.
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