Biden undermines his own administration by expressing shock at gas prices: ‘Did you ever think you’d pay so much?’
3 years, 1 month ago

Biden undermines his own administration by expressing shock at gas prices: ‘Did you ever think you’d pay so much?’

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy US president Joe Biden on Wednesday appeared to undermine his own administration as he expressed shock over rising gas prices and conceded that inflation was the highest in three decades. He used his comments to assure Americans that he is concerned about the rising cost and said “many people remain unsettled about the economy.” “Everything from a gallon of gas to a loaf of bread costs more, and it’s worrisome even though wages are going up,” he said. “We still face challenges, and we have to tackle them.” The president attributed the inflation to global supply chain problems, Covid restrictions and even economic recovery. Republicans have used the issue of inflation to attack Biden administration’s economic agenda and it will potentially be used as a top concern in polling in next year’s midterm election.

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History of this topic

Trump already 'set to repeat Biden's mistake': conservative economist
1 month, 2 weeks ago

Trump already 'set to repeat Biden's mistake': conservative economist

Raw Story  

Conservative economist Brian Riedl thinks that President Joe Biden's biggest mistake was the first major piece of legislation that he signed into law: The American Rescue Plan. Writing on Twitter, Riedl acknowledges that inflation was likely to have spiked regardless of what Biden did when he came into office given pandemic-related supply chain disruptions, but he adds that $1.9 trillion …

Maddest moments from Trump’s RNC speech
5 months ago

Maddest moments from Trump’s RNC speech

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Just absolutely blood all over the place.” Though …

Biden polls: Inflation is not the president’s problem.
6 months, 2 weeks ago

Biden polls: Inflation is not the president’s problem.

Slate  

In January of 1980, Jimmy Carter had been in office for three years, and the economy was terrible. Biden isn’t just clearing the low bar set by the Carter administration, he’s besting every other leader in the developed world, with the United States enjoying stronger wages, lower inflation, and better job growth than any nation in the G7, and its …

Surprise rise in inflation to 3.2% driven by soaring gas prices - with fears cost to fill up a car will keep rising and hamper Biden's plan to cut inflation in election year
9 months, 1 week ago

Surprise rise in inflation to 3.2% driven by soaring gas prices - with fears cost to fill up a car will keep rising and hamper Biden's plan to cut inflation in election year

Daily Mail  

President Biden today welcomed new inflation data despite it showing costs have risen 3.2 percent in the last year. Pictured: during a speech at a YMCA March 11, 2024 Inflation rose slightly to 3.2 percent in February as prices were pushed up by housing costs and gas The inflation figure plays a big part in the whether the Federal Reserve …

Inflation rocked Biden’s second year as president. There’s more economic trouble on the horizon
1 year, 11 months ago

Inflation rocked Biden’s second year as president. There’s more economic trouble on the horizon

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery President Joe Biden listens during an event about infrastructure in …

Inflation falls to 8.3% - the second drop in a row - but still sits near 40-year high
2 years, 3 months ago

Inflation falls to 8.3% - the second drop in a row - but still sits near 40-year high

Daily Mail  

Inflation in the US dipped again in August to an 8.3 percent annual rate, thanks largely to falling gas prices, but remained near a four-decade high even as President Joe Biden says he is making progress on the issue. Falling gas prices led the retreat in August's inflation figures, with gasoline dropping 10.6 percent on the month, though pump prices …

Biden’s midterm self-edit: Less talk about inflation woes
2 years, 3 months ago

Biden’s midterm self-edit: Less talk about inflation woes

Associated Press  

WASHINGTON — President Joe Biden has stopped talking so much about inflation worries. Biden has largely put the blame for inflation on global forces such as Russian President Vladimir Putin’s February invasion of Ukraine, even as he says his own policies are reducing the burdens of higher prices. “Since President Biden took office, prices in have spiked by 13%.” That …

How inflation is influencing politics in a bellwether Florida county
2 years, 4 months ago

How inflation is influencing politics in a bellwether Florida county

NPR  

How inflation is influencing politics in a bellwether Florida county Enlarge this image toggle caption Asma Khalid/NPR Asma Khalid/NPR ST. PETERSBURG, Fla. — Americans consistently say the economy is their biggest concern — specifically, the soaring cost of living. "I have a master's degree, six years of experience and two jobs, and I don't feel like I can just, like, …

US inflation surges again in June, raising risks for economy
2 years, 5 months ago

US inflation surges again in June, raising risks for economy

Associated Press  

WASHINGTON — U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively -- trends that raise the risk of a recession. The government’s consumer price index soared 9.1% over the past year, the biggest yearly increase since 1981, …

Higher gas prices hurt pockets, make small dent in emissions
2 years, 5 months ago

Higher gas prices hurt pockets, make small dent in emissions

Associated Press  

As Congress and now the Supreme Court stymie the Biden administration’s efforts to curb climate change, one thing the president doesn’t want - sky high gas prices - actually is nibbling away at emissions of heat-trapping gas. “High fuel prices are a really difficult thing because they’re a double-edged sword,” said Samantha Gross, director of the energy security and climate …

Gas prices 'double-edged sword' hurts drivers, helps climate
2 years, 5 months ago

Gas prices 'double-edged sword' hurts drivers, helps climate

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. “High fuel prices are a really difficult thing …

Biden says recession ‘not inevitable’ as Fed looks to raise interest rates to curb inflation
2 years, 6 months ago

Biden says recession ‘not inevitable’ as Fed looks to raise interest rates to curb inflation

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Joe Biden told the Associated Press that a recession is …

Biden vows to battle inflation as prices keep climbing
2 years, 6 months ago

Biden vows to battle inflation as prices keep climbing

Associated Press  

LOS ANGELES — In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. Biden on Friday pledged to keep fighting against inflation while touring the Port of Los Angeles, America’s busiest port and a place that the White House said last October would be key for reducing price …

Despite pain at the pump, Americans are hitting the road
2 years, 6 months ago

Despite pain at the pump, Americans are hitting the road

Al Jazeera  

Heading into the US summer driving season, Americans are fueling up but how long before they have to hit the brakes? As petrol prices continue to break records in the United States, putting a significant strain on Americans’ wallets and threatening economic growth, analysts predict that pain at the pump will cause some demand destruction in the coming months of …

Biden is ‘obsessed’ with lowering ‘outrageous’ gas prices, but presidents don’t control prices, says Energy Secretary
2 years, 7 months ago

Biden is ‘obsessed’ with lowering ‘outrageous’ gas prices, but presidents don’t control prices, says Energy Secretary

CNN  

New York CNN Business — Energy Secretary Jennifer Granholm said President Joe Biden is laser-focused on knocking down sky-high gasoline prices, though she concedes that even the most powerful person on the planet has limited influence to do that. “He’s obsessed with the fact that gas prices are so high and people are hurting,” Granholm told CNN on Tuesday following …

Oil And Gas Executives Say It's Not Joe Biden Holding Back Domestic Production
2 years, 9 months ago

Oil And Gas Executives Say It's Not Joe Biden Holding Back Domestic Production

Huff Post  

LOADING ERROR LOADING The top reason domestic energy production hasn’t ramped up isn’t Joe Biden’s green energy agenda, according to oil company executives. Republicans, including some of Congress’ largest recipients of oil and gas donations, have swarmed to defend the industry, falsely accusing Biden of “destroying” America’s energy industry and demanding the president “unleash” domestic oil and gas. But when …

AP FACT CHECK: Biden skirts blame on inflation; GOP gas hype
2 years, 9 months ago

AP FACT CHECK: Biden skirts blame on inflation; GOP gas hype

Associated Press  

WASHINGTON — Facing political attacks over rising costs, President Joe Biden exaggerated his role in reducing the federal deficit and skirted responsibility by asserting that a flood of government spending into the economy has no impact at all on higher prices. Biden last year signed a $1.9 trillion coronavirus relief package known as the American Rescue Plan — and many …

Why blaming Joe Biden for high gas prices is completely and utterly absurd.
2 years, 9 months ago

Why blaming Joe Biden for high gas prices is completely and utterly absurd.

Slate  

As gas prices have surged over the past several months—and shot up even further following Russia’s incursion into Ukraine—Republicans have predictably tried to pin blame on the White House. “Joe Biden caused this and doesn’t seem to care,” the Republican National Committee’s deputy communications director tweeted last week, echoing the stickers that Trump-voting motorists have been slapping onto gas pumps …

In First SOTU, Joe Biden Seeks To Reassure Americans Worried About Rising Prices
2 years, 9 months ago

In First SOTU, Joe Biden Seeks To Reassure Americans Worried About Rising Prices

Huff Post  

LOADING ERROR LOADING WASHINGTON — In his first State of the Union address on Tuesday, President Joe Biden sought to reassure Americans worried about rising prices, a top economic issue and growing political threat for his party just months away from the November midterm elections. “We’re going to be OK.” Surging inflation and high gas prices have overwhelmed low unemployment, …

Biden's scheme to rein in spiking gas prices reeks of political desperation: STEPHEN SCHORK
3 years, 1 month ago

Biden's scheme to rein in spiking gas prices reeks of political desperation: STEPHEN SCHORK

Daily Mail  

President Joe Biden publicly announced today that the U.S. will release 50 million barrels of crude oil from its Strategic Petroleum Reserve. If the White House was serious about addressing long-term structural imbalances in the oil market, beyond next November’s congressional elections, then instead of a short-term gimmick like releasing part of its rainy day supply of oil, President Biden …

Biden aims to do what presidents often can’t: Beat inflation
3 years, 1 month ago

Biden aims to do what presidents often can’t: Beat inflation

Associated Press  

WASHINGTON — LBJ tried jawboning. The Ford administration printed buttons exhorting Americans to “Whip Inflation Now.’’ Over the years, American presidents have tried, and mostly floundered, in their efforts to quell the economic and political menace of consumer inflation. Confronting a spike in gasoline and other consumer prices that’s bedeviling American households, Biden on Tuesday ordered the release of 50 …

Biden ignores questions after saying families can 'rest easy' because 'shelves are full'
3 years, 1 month ago

Biden ignores questions after saying families can 'rest easy' because 'shelves are full'

Daily Mail  

President Joe Biden sought to reassure Americans about rising gas prices, supply chain issues, and the availability of holiday presents – but didn't take questions from White House reporters as he prepared to leave Washington for Thanksgiving Tuesday. Biden announced the 'largest ever' release of oil from the U.S. Strategic Petroleum Reserve with 50 million barrels as Americans pay premium …

Pump pain: What can Biden do to ease soaring gasoline prices?
3 years, 1 month ago

Pump pain: What can Biden do to ease soaring gasoline prices?

Al Jazeera  

After being shunned by OPEC+, US President Joe Biden faces growing pressure to rein in prices. US President Joe Biden, like all presidents, is mindful of how higher gasoline prices can make voters discontent with his stewardship of the economy. “The US president does not have much control at all over gasoline or oil prices, even inside the United States,” …

Biden Asked OPEC To Pump More Oil. Is That Climate Denial?
3 years, 4 months ago

Biden Asked OPEC To Pump More Oil. Is That Climate Denial?

Huff Post  

LOADING ERROR LOADING On Wednesday, the White House asked the Organization of the Petroleum Exporting Countries to pump more oil in hopes of stemming the rise in gas prices in the United States. President Joe Biden administration’s request to increase production of a major source of planet-heating pollution came just days after the United Nations issued a dire new report …

Why Biden may want to take a page from Trump’s OPEC playbook
3 years, 5 months ago

Why Biden may want to take a page from Trump’s OPEC playbook

CNN  

New York CNN Business — Americans despise high gasoline prices. “We will see a nasty spike in crude oil and pump prices if they don’t increase production,” said Robert McNally, president of consulting firm Rapidan Energy. “It’s the traditional playbook where you pick up the phone and make the ask.” Trump’s interventionist approach continued in April 2020 when oil prices …

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