This week, the Biden administration tried to sell a new talking point about inflation and gas prices that blamed Putin’s invasion of Ukraine.
Despite the liberal media’s embrace of “Putin’s Price Hike,” no one else is buying it.
Even Obama’s former adviser David Axelrod has admitted this is a losing strategy. People know that prices have been going up for months, long before the invasion of Ukraine.
Hanna Panreck writes at FOX News:
David Axelrod slams Biden’s ‘Putin Price Hike’ talking point: ‘People don’t believe that’David Axelrod, former chief campaign strategist and senior advisor to former President Obama, criticized the White House messaging surrounding inflation and increased gas prices during his “Hacks on Tap” podcast Tuesday.”Then now, they’ve overcorrected and so for a few days he was saying, you know, everything is Putin’s price hikes, inflation is Putin’s fault,” Axelrod said. “People don’t believe that either, they know that they had inflation before this. They know that gas prices were high before this. They haven’t dialed this in quite right yet. You can’t blame everything in the economy on Putin.””What should be blamed on Putin, should be blamed on Putin,” he continued.President Biden, members of the administration, and other lawmakers have sought to blame increased gas prices and inflation on Putin. White House Communications Director Kate Bedingfield used the term “Putin Price Hike” in a tweet where she noted “gas prices have been going up — up 75 cents since he began his military build-up.
Listen to the audio below:
This makes Axelrod the third member of the Obama administration to call out Biden over this.
Larry Summers recently said something similar.
Bloomberg News reported:
Summers Faults Biden for Tying Inflation to Putin, Company GreedFormer Treasury Secretary Lawrence Summers criticized the Biden administration’s emphasis on Russian President Vladimir Putin’s invasion of Ukraine and on price gouging by companies in ascribing causes for the surge in U.S. inflation.“This is a consequence, fundamentally, of an overheated economy,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin on Friday, referring to the latest data showing the consumer-price index soared the most in four decades.The jump in commodity costs since the Russian invasion will mean inflation won’t likely decelerate for months, according to Summers, a paid contributor to Bloomberg Television and a Harvard University professor.“If higher prices of gasoline are the price of freedom, it is a price that this generation of Americans should pay,” Summers also said. “And frankly it’s a small price compared to the price that’s being paid in Ukraine or the price that past generations of Americans have paid.” He added that he’s been “gratified” at companies recognizing “moral obligations” amid the conflict.
Before that, former Obama economic adviser Steve Rattner made this comment on Twitter:
If Obama’s people are calling out Biden over this, what do Democrats think is going through the minds of average Americans?
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