A large contributor to inflation this month was an increase in gas and energy prices as markets reacted to Putin’s aggressive actions.— Joe Biden (@JoeBiden) March 10, 2022
I know that higher prices impact a family’s budget, which is why I am fighting to bring down the everyday prices that are squeezing Americans.
.@pdoocy Asks WH Press Secretary Jen Psaki About White House Messaging Of “Putin Price Hikes”— The Columbia Bugle ?? (@ColumbiaBugle) March 10, 2022
“Inflation goes up today, the President’s statement blames the ‘Putin Price Hike.’ Are you guys going to just start blaming Putin for everything until the midterms?” pic.twitter.com/qgxyHoDiBB
In other news, you steadily became poorer in February, as the ruling class on Twitter was swept by the gale force winds of their emotions into waging all out economic war against Russia. This was also before the war in Ukraine exploded and the post-Cold War era came to a definitive end which is going to have enormous negative consequences for gas and food prices, inflation and the supply chain.
“Inflation continued its relentless surge in February, driving the rate of consumer price increases to a new generational high.
By the numbers: The Consumer Price Index rose 0.8% in February, and was up 7.9% over a year earlier, the steepest 12-month rise since 1982. …”
It is important to make it crystal clear now who is responsible for this. The economic pain that the American working class and middle class is about to experience is just beginning.
Those of us who wanted nothing to do with our previous adventures in Vietnam, Serbia, Iraq, Syria, Libya, Afghanistan – all of which have turned sour – have always been opposed to meddling in Ukraine. This is a much more serious conflict with bigger consequences than any previous crisis in our lifetimes.
Iraq was a conflict that most of us watched on television. The ripple effects of Ukraine are going to create havoc in the global economy which will have an immediate negative impact at home. This time we are going to pay a huge economic price for our foreign policy establishment.