Connect with us

Hi, what are you looking for?

Opinion

Biden Mocked On TV For Economic Incompetence Of ‘Price Gouging’

via The Late Late Show with James Corden

President Biden’s statement accusing businesses of price gouging for not cutting prices despite declining inflation was met with laughter and criticism from Bloomberg TV’s “Surveillance” anchors.

They questioned the President’s understanding of economic concepts and the credibility of the administration on economic matters.

The anchors suggested that the statement seemed politically motivated and raised concerns about the administration’s messaging and policy going forward. (Trending: Bombshell Email Uncovered Between Joe Biden And Hunter)

“I have no idea who actually wrote this tweet, but it’s got the president’s name on it so we should probably read it,” noted Bloomberg anchor Jonathan Ferro.

“It’s not great when the president needs community notes underneath his tweet to explain why he’s not exactly getting it right,” anchor Lisa Abramowicz said.

“Does he understand—or do his people understand—between slowing inflation and deflation? Or is there a sense that he’s trying to cater to a certain political anger that has created a real negative draw on his polling.”

“It feels very political and yet I wonder if anyone says, ‘Just letting you know, it’s going to seem a little off, considering it is economically wrong,’” Abramowicz added.

“This is pure politics and nothing else,” Ferro said.

“This raises the question of what is the policy going forward if the Inflation Reduction Act was more geared toward certain infrastructure building? What is there plan to message this?”

“Not necessarily to address inflation but to message this heading into next year?” Abramowicz said.

“Who writes these tweets for the President of the United States? There’s no way that President Biden is sitting down at his iPhone and whacking these out,” Ferro later added.

“To me, the real issue is: what does this signal about the desperation to try to push the blame of inflation on to someone else,” Abramowicz added.

“A lot of people will just categorically say it is nonsense.”

They described the statement as “politics and bad economics” and highlighted the desperation to shift blame for inflation.

Most Popular:

Trump Has Big Plans for Military Within the US

Trans Athletes Banned From Another Women’s Sport

Hollywood Legend Questions 2020 Election Results

You May Also Like

U.S. News

A lawsuit alleges Jeffrey Epstein had surveillance cameras monitoring victims and guests inside his New York mansion. Two Epstein accusers, Danielle Bensky and Jane...

Gallery

Nancy Mace: Trailblazer, Veteran, and Rising Political Star Significant staff turnover Republican Rep. Nancy Mace has experienced significant staff turnover, with her entire Capitol...

Media

A professor at Cal State University known for her involvement in Black Lives Matter criticized the Kansas City Chiefs’ Super Bowl victory and Taylor...

Gallery

In the annals of American politics, few legal battles have captured the public’s attention and scrutiny quite like the case involving Jack Smith’s classified...

Media

Bodycam footage of a February shooting at Lakewood Church in Houston showed responding officers confronting an active shooter situation. In the video, an off-duty...

U.S. News

A tour helicopter crashed on Honopu Beach in Kauai, Hawaii, injuring one passenger with a back injury. The pilot and three other passengers were...

Gallery

Unveiling the Sun: Fascinating Facts About Our Celestial Neighbor. The Sun, the radiant heart of our solar system, has captivated human imagination for millennia....