Senate Minority Leader Mitch McConnell described President Biden blaming soaring gas prices on Russian President Vladimir Putin as 'laugh-out-loud revisionist history'
blaming Russian President Vladimir Putin for record peak gas prices as"laugh-out-loud revisionist history."
The U.S. Labor Department reported Thursday that the consumer price index, which analyzes the costs of goods and services across the economy, showed prices soar 7.9% year-over-year in February, the highest in the last four decades. "Today’s inflation report is a reminder that Americans’ budgets are being stretched by price increases, and families are starting to feel the impacts of Putin’s price hike," Biden said Thursday in a written statement released by the White House."A large contributor to inflation this month was an increase in gas and energy prices as markets reacted to Putin’s aggressive actions.
President Biden speaks before signing the American Rescue Plan, a coronavirus relief package, in the Oval Office of the White House, March 11, 2021, in Washington. Three weeks ago, before the crisis in Europe, Democrats"were already in a political panic over gas prices and desperately talking about a gas tax holiday," and the average price of a gallon of gas had already shot up more than a dollar from when President Biden was sworn in, McConnell said. "You'd think the Democrats would have been proud of this. Hostility to fossil fuels and homegrown energy is precisely what President Biden campaigned on," McConnell said.
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