The Biden administration keeps pushing a narrative about Russia’s invasion of Ukraine being responsible for inflation, but prices have been rising for months.
Economist Steve Rattner, a former adviser to Obama, called out this false premise recently.
He said that Biden owns this, which most Americans know to be true.
FOX News reports:
Former Obama adviser: Don’t blame Russia, blame Biden for inflation rates
MSNBC economic analyst and former Obama adviser Steven Rattner took President Biden to task on Thursday for claiming that Russian President Vladimir Putin’s war in Ukraine is responsible for the soaring inflation Americans are facing at home.
Biden reacted to the staggering consumer price index report from the Labor Department in a statement Thursday, where he attempted to blame Putin for the documented 7.9% spike in consumer prices over the last 12 months.
“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,” the statement said. “A large contributor to inflation this month was an increase in gas and energy prices as markets reacted to Putin’s aggressive actions.”
“As I have said from the start, there will be costs at home as we impose crippling sanctions in response to Putin’s unprovoked war, but Americans can know this: The costs we are imposing on Putin and his cronies are far more devastating than the costs we are facing.”
“Well, no. These are [Feb. numbers] and only include small Russia effect,” Rattner wrote. “This is Biden’s inflation and he needs to own it.”
See his tweet below:
Well, no. These are Feb #'s and only include small Russia effect. This is Biden's inflation and he needs to own it. https://t.co/WsJjn6picV
— Steven Rattner (@SteveRattner) March 10, 2022
When even members of the Obama administration are calling Biden out, the writing is on the wall.
Biden does own this.