Jeff Bezos accused US President Joe Biden of deceiving the public or claiming he had a fundamental knowledge of the dynamics that truly determine prices after President Biden called on corporations operating gas stations to cut the price of petrol.
My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril.— President Biden (@POTUS) July 2, 2022
Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.
Bezos tweeted on Saturday night, “Ouch. Inflation is far too important a problem for the White House to keep making statements like this,”
Biden urged gas stations to lower their prices for fuel in a direct plea to them.
Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics. https://t.co/XgKfEICZpk— Jeff Bezos (@JeffBezos) July 3, 2022
Biden stated on Saturday morning, “My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril. Bring down the price you are charging at the pump to reflect the cost you’re paying for the product,”
The president made no hesitation in requesting cooperation.
The post, according to Bezos, was quite revealing to him and may have shown how little market knowledge Biden had.
Look, a squirrel! This is the White House’s statement about my recent tweets. They understandably want to muddy the topic. They know inflation hurts the neediest the most. But unions aren’t causing inflation and neither are wealthy people. Remember the Administration tried… pic.twitter.com/GaMb3Kiu72— Jeff Bezos (@JeffBezos) May 16, 2022
Tim Young, a comedian, referred to Biden’s post as pure gibberish.
As Biden continues to attempt to place the blame for record-high gas prices somewhere in advance of the November elections, Bezos has emerged as an unusual opponent of the Biden administration.
In fact, the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves. Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country. https://t.co/a8cygcunEG— Jeff Bezos (@JeffBezos) May 15, 2022
Over the last year, Biden has placed the blame for the highest-ever gas prices in US history on former President Donald Trump, MAGA Republicans, the coronavirus epidemic, oil producing corporations, and even gas stations. Russia and its ongoing conflict with Ukraine have also received criticism.
Bezos and the White House previously fought over growing inflation, which the White House attempted to attribute to big businesses like Bezos’ Amazon.