Biden To World: Russia, Oil Sheiks, And China Control The U.S. Economy
On Friday, after news broke that inflation again accelerated to reach a 40-year high of 8.6 percent, President Joe Biden turned America’s financial crisis into a national security one by telling the world that foreign leaders have near-total control over the U.S. economy.
Shortly after the Bureau of Labor Statistics released May’s price report, which in addition to reporting an 8.6 percent annual inflationary rate showed a full 1 percent increase last month, President Biden began the spin: “Today’s report underscores why I have made fighting inflation my top economic priority. While it is good to see critical ‘core’ inflation moderating, it is not coming down as sharply and as quickly as we must see. Putin’s price hike hit hard in May here and around the world: high gas prices at the pump, energy, and food prices accounted for around half of the monthly price increases.”
The president’s entire pitch struck a chord conflicting with reality. “Biden hasn’t made inflation his top economic priority,” noted Katie Pavlich soon after. “For months, his administration denied inflation was happening, saying it wouldn’t be an issue, before calling it temporary and transitory last summer.” And the skyrocketing inflation began before Russia’s January 2022 invasion of Ukraine.
The public has long known that Biden suffers from an acute case of blameuitis. But the president’s continued claims that Putin holds responsibility for our country’s accelerating inflationary rates, when coupled with Biden’s other actions and inactions, is not merely tone deaf, it is dangerous. While finger-pointing has long been a mainstay for politicians, the Biden administration’s messaging goes beyond shifting blame to conceding that foreign leaders can control the U.S. economy in Joe Biden’s America.
President Biden’s reported plans to meet with Saudi Arabia’s Crown Prince Mohammed bin Salman during a trip to the region next month confirm this. Saudi Arabia, the world’s second-largest oil producer behind the United States, serves as the “unofficial head of the Organization for Petroleum Exporting Countries (OPEC),” and the planned visit seems certain to push for more oil production from OPEC countries.
Goes Begging on His Knees to Country He Spurned
The announcement of President Biden’s intent to meet with bin Salman represents a course change so sharp that it will be seen as the United States’ complete subservience to the country Biden promised to make “the pariah that they are” shortly before his election.
In the waning days of Donald Trump’s presidency, “Biden promised to take a hard line on Saudi Arabia, saying he would rip up the ‘dangerous blank check’ that Trump had written for the Saudis.” During a 2019 presidential debate, Biden added that there is “very little social redeeming value in the present government in Saudi Arabia.”
After his election, Biden “released a U.S. intelligence report that concluded that Prince Mohammed had approved the plan to capture or kill [journalist Jamal Khashoggi], who had been an outspoken critic of the young Saudi ruler.” The Biden administration then continued its efforts to distance itself from Saudi Arabia then, with then-Press Secretary Jen Psaki saying “the Biden administration will ‘recalibrate’ how it treats the kingdom.”
The Biden administration also moved to isolate bin Salman, with Psaki calling his father, King Salman, President Biden’s “counterpart.” This pronouncement, notwithstanding the fact that bin Salman has been considered the “de facto ruler” of Saudi Arabia for some time, seemed to declare the Biden administration unwilling to work with the Saudi leader.
Just more than a year later, however, with Putin’s troops poised to invade Ukraine, the Biden administration is abruptly changing course, and Saudi Arabia has certainly noticed. The president’s staff tried unsuccessfully to arrange a call between Biden and bin Salman “as the U.S. was working to build international support for Ukraine and contain a surge in oil prices.”
https://thefederalist.com/2022/06/13/biden-to-world-russia-oil-sheiks-and-china-control-the-u-s-economy/