CBS News thinks we’re stupid enough to believe inflation, supply-chain issues, and high gas prices started right now because of Ukraine and Russia.
Propaganda at its finest. CBS News thinks we’re stupid enough to believe inflation, supply-chain issues, and high gas prices started right now because of Ukraine and Russia.
They think we forgot all three started in 2021.
The U.S. economy has been hit with increased gas prices, inflation, and supply-chain issues due to the Ukraine crisis. https://t.co/d9dwXWpcvf
— CBS News (@CBSNews) February 23, 2022
It’s no wonder the Biden administration has pushed for war. It’s no wonder Biden all of a sudden started caring about Ukraine. Wag the dog, you guys.
They know a war would make it worse so why not? It’ll deflect the blame from them to Putin. Or so they think.
Article author Irina Ivanova buried hints that the three issues began before the crisis by acknowledging gas prices “could surge even further.” None of this is a lie:
“If Russia makes a run on Ukraine, we could see [oil prices] over $100 a barrel next week,” said Patrick DeHaan, head of petroleum analysis at GasBuddy, adding that average gas prices across the U.S. are likely to hit $4 a gallon in the weeks or months to come.
“That $4 is something we haven’t seen in so long — it would cause shock waves across America,” he said.
A key factor in how hard the conflict hits the economy will be how Russia responds to the U.S. sanctions that President Biden outlined Tuesday afternoon. Mr. Biden moved to cut off two Russian banks, and the state’s sovereign debt, from western financing, while individuals will also be targeted.
Remember, Russia supplies Europe with 40% of its natural gas. Germany gets 75% of its gas from Russia. Putin just needs to flip a switch.
But we’re supposed to forget that gas prices have gone up drastically since Biden took office? The U.S. Energy Information Administration has all the info.
Gas prices remained pretty steady during Trump’s administration. How about 2021?
January 2022: 3.413
Oklahoma usually has decent gas prices. Gas with ethanol is about $3.05. No ethanol gas is around $3.50. I have never paid that much for gas in Oklahoma.
But no. Russia, Russia, Russia!
It all goes to inflation, which “experts” believe will skyrocket if the West passes harsher sanctions or we enter into a full war against Russia.
You know, because we didn’t see record-breaking inflation almost every month in 2021. You can tell just by the gas prices. We documented a lot of the CPI reports in 2021 that detailed the inflation numbers.
- January 12, 2021: Inflation Went Up 7% in December From a Year Earlier, Fastest Pace Since 1982
- December 10, 2021: CPI Report: Inflation Rises 6.8% in the Last Year, Highest in 39 Years
- November 10, 2021: Report: Consumer Prices Up 6.2%, Biggest Inflation Surge In Over 30 Years
- August 11, 2021: July Consumer Prices Jumped 5.4% While Core Inflation Remained High
- July 13, 2021: Inflation Grows in June as Consumer Price Index Jumps 5.4% From a Year Ago
- May 12, 2021: Inflation Spikes as Consumer Prices Soar by 4.2% in April
Inflation leads us to supply-chain issues. #BareShelvesBiden made its way around Twitter in January. My friend in New Jersey still sends me pictures at his supermarket because it still has empty shelves.
Leslie wrote about the 111 container ships off the coast of California in November 2021. That number broke October’s record of 108.
The situation didn’t get better in December. Officials started saying the situation is now “the new normal.”
Suppliers now cannot keep up with demand and inflation is not helping matters. Yes, sanctions and war with Russia will only make it worse.
That’s the key point: Everything already sucks. The sanctions and a possible war will only make it worse.
But you know if you counter their points they will call you a Russian sympathizer, Putin lover, etc. Because God forbid you speak the truth that the economy was already in the toilet before Biden all of a sudden cared about Ukraine.DONATE
Donations tax deductible
to the full extent allowed by law.