Biden lies about inflation.....again

[hollodero]

(05-15-2024, 01:31 PM)Mike M (the other one) Wrote: I won't blame Biden for the Gas prices, but i will blame the Dems. Trump did try to fill the reserves when it was very cheap, I believe Biden got it for $80/Barrel when Trump was trying it was $24/Barrell, but Dems screamed he's saving the oil industry and wouldn't pass it.

https://www.bloomberg.com/news/articles/2022-09-13/biden-may-buy-oil-just-below-80-democrats-stymied-trump-at-24

Just another example of the stupidity of the politics that cost US Tax payers. This might have also had an influence on inflation had it been done.

Ha, I was not aware, but similar mistakes were made in quite some European countries as well. Not meant as an excuse, it probably deserves to be called a mistake and Democrats usually make plenty of those.

As for inflation, I don't really know, I'm not sure if fuller reserves really allow for significantly lowering the end prices. But certainly not my expertise.