Joe Biden has been slammed by Jeff Bezos and China for begging gas companies to lower their prices to help the inflation-stricken American.
The president tweeted on Saturday: “My message to the companies that run gas stations and set prices at the pump is simple: This is a time of war and global danger. Lower the price you ask at the pump to reflect the cost you pay for the product. And do it now.’
The tweet came during the July 4 holiday weekend, where Americans pay an average of $4,822 for gasoline.
It was criticized by Amazon founder Jeff Bezos and even by a Chinese government official who accused the president of undermining the very capitalist principles on which the US economy is based.
Bezos said, “Ouch. Inflation is far too important an issue for the White House to continue making statements like this. It is either outright deception or a profound misunderstanding of fundamental market dynamics.”
President Joe Biden tweeted to the companies that run gas stations, “Reduce the price you ask at the pump to reflect the cost you pay for the product. And do it now’
The president sent the message just days after telling Americans they will have to endure high gas prices for as long as it takes Ukraine to beat Russia.
The president’s message caught the attention of the world’s third richest person, Amazon founder and former CEO Jeff Bezos
During the 2020 election cycle, Amazon donated $1.7 million to the Biden campaign, but the company donated $164,000 to the Trump campaign
Biden apparently found support from Chinese state media reporter Chen Weihua.
The communist mouthpiece sent out a sarcastic tweet highlighting how Biden sought to undermine the principles of supply and demand that dictate prices in a free market economy like that of the United States.
Weihua tweeted: “Now the US president finally realizes that capitalism is about exploitation. He didn’t believe this before.’
The reporter tweeted something similar to Biden in 2021 when he responded to the president’s tweet that read, “Let me be clear: capitalism without competition is not capitalism. It’s exploitation.’
Weihua then wrote: “Capitalism is about exploitation. Period of time.’
Biden’s tweet garnered praise from Chen Weihua, a reporter and columnist for the state-owned China Daily. Weihua is based in Brussels, Belgium
Another of those who responded was Texas Senator Ted Cruz, who tweeted, “My message to the man who controls your teleprompter. It is your fault. Counter dozens of executive orders, regulations, and agency actions targeting US energy, and gas prices will fall… FAST. #Bidenflation.’
The president made a similar plea for oil giants in a June 22 speech, which read in part: “These are not normal times. Lower the price you ask at the pump to reflect the cost you pay for the product.”
Biden is begging companies to cut prices shortly after his administration failed to sell even his own party on a 90-day gas tax break.
According to a NBC report, if the tax break passes, the average American would save just 12 cents per gallon.
As the price of gas for US consumers continues to rise, the Wall Street Journal reported earlier this week that the Biden administration “intends to block new offshore oil drilling in the Atlantic and Pacific Oceans.”
Since March 2022, the president has been trying to blame Russian President Vladimir Putin for inflation, calling inflation “Putin’s price rise.”
A Democratic Party strategist said: Politics in June that the slogan didn’t catch on with voters who said, “It doesn’t meet the voters where they are.” It’s much more important to feel their pain than to explain it.’ The article quoted other strategists who said the phrase sounded more like “shifting blame than solving a problem.”
Last money, Federal Reserve Chairman Jerome Powell broke with the Biden administration by admitting that inflation was already high before Russia invaded Ukraine in February.
Although the plan allows oil companies to lease drilling areas in the Gulf of Mexico and Alaska’s Cook Inlet until 2028.
In 2020, while Biden was running for president, his campaign vowed to halt new oil and gas drilling on federal land and water.
In a one-on-one debate with fellow Democrat Bernie Sanders, Biden said, “No more drilling on federal lands, no more drilling, including at sea — no way for the oil industry to continue drilling — period out.’
Vice President Kamala Harris said on the same day as the president’s tweet that lowering gas prices was ‘probably’ the Biden administration’s top priority
During a performance Saturday in New Orleans for the Essence Festival of Culture, Vice President Kamala Harris said WDSU that lowering the price of gas is ‘probably’ the top priority of the Biden administration.
Harris said, “The president and our administration probably have the highest priority in reducing the price of gas and the cost of living.”
Meanwhile, at a NATO summit in Madrid earlier this week, Biden said Americans will have to put up with high gas prices “for as long as it takes” because of Russia’s invasion of Ukraine.
In response to those comments, New York Republican Congressman Andrew Garbarino took aim at the president who attempted to blame the Russian invasion of Ukraine on the price of gas on Fox Business Network’s “Mornings with Maria.”
Garbarino also said, “In November 2020 gas prices were around 43 – a barrel of oil cost $43 a barrel. And now, a month before Putin invaded Ukraine, it was $87. So it had already doubled in one year of his presidency.’
The congressman then called Biden’s apology “a joke.”
On July 1, Brian Deese, Biden’s economic adviser, said Americans must remain “steadfast” in paying record high gas prices because the “future of the liberal world order” is more important.
“What do you say to those families who say, ‘Listen, we can’t afford to pay $4.85 a gallon for months if not years?’ the director of the National Economic Council was asked on CNN Thursday.
“What you heard from the president today was a clear statement of the stakes. This is about the future of the liberal world order and we must stand our ground,” he replied.
Deese added, “At the same time, I would like to say to those family and Americans across the country that you have a president and a government that will do everything in their power to curb those price increases and bring those prices down.”