Posted on 03/15/2022 4:46:25 PM PDT by where's_the_Outrage?
WASHINGTON (AP) — 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. It actually does.
Congressional Republicans, meanwhile, went too far in pinning blame for surging gasoline prices on Biden.....
THE FACTS: The Republican leaders of Congress are overstating Biden’s ability to influence energy prices and the impact of the canceled Keystone pipeline.
Gasoline prices have been rising in tandem with oil prices since spring 2020 because demand has grown faster than worldwide production as economies try to shake off the pandemic. More people are driving and flying, and businesses are returning to pre-pandemic levels of activity, leading to more energy consumption, which pushes prices higher.....
Asked whether the Keystone XL cancellation is the cause of high gas prices, Tom Kloza, analyst for the Oil Price Information Service, said: “A political talking point. Has nothing to do with 2022 price surge.”
(Excerpt) Read more at msn.com ...
NOBODY believes him anymore.
More AP bullsheet.
It really is the Age of Aquarius -- the Water Bearer. Associated POS shills, liars, and stooges to the rescue, let's go Brandon.
Stupid is as stupid does.
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