
<p>President Biden first told us that there would not be any significant inflation as we came out of the Covid Pandemic shutdown. ; We were told that his big spending – and all those $1400 checks he sent to virtually everyone would not have an inflationary impact. ; But … we got inflation. ; And even the Boston Marathon bomber got his $1400 check.</p>



<p>Biden then said – without regard to his original statements – that of course there would be a bit of inflation as the economy improved. ; It would not be too bad, he said. ; But … we got record inflation.</p>



<p>Biden assured us that it would not last very long. ; Should be ebbing any day now. ; But … it not only continued to worsen, there is no end in sight.</p>



<p>Biden said that even if we stopped purchasing oil from Russia, It would not have a major impact on prices since we do not purchase a lot from Putin. ; But … now that he has had to stop purchasing oil from Russia, he claims that is the reason for the soaring inflation. ; Now Biden blames it all on Russian despot Vladimir Putin and his dirty little war in Ukraine.</p>



<p>In cutting off Russian oil, America did not reduce its foreign purchases. ; The country still needs foreign oil to produce gasoline – and that is because as soon as Biden took office, he undertook a number of policy changes that reduced the level of domestic production.</p>



<p>He shut down construction of the Keystone pipeline … banned drilling on public lands … limited licenses for drilling … and set in place policies to punish financial institutions that loan money to oil companies for exploration and drilling. ; That is why we shifted from an oil-exporting nation in 2020 to an importing nation under Biden.</p>



<p>In his zeal to FORCE people into electric automobiles before the market was ready, Biden was more than happy to see those pump prices rise. ; In fact, pushing up the cost at the pump was an overt and stated strategy of the proponents of the green agenda.</p>



<p>Of course, oil prices impact on EVERYTHING. ; Any increase in the price of gas at the service station is going to be reflected on everything we purchase – inflating prices across the board. ; ;</p>



<p>Unfortunately, the impact on oil prices due to Putin’s invasion of Ukraine came at the worst possible time for inflation. It came when inflation was already soaring – the Biden inflation.</p>



<p>The chart at the top of this commentary tells all one needs to know. ; It shows the epidemiology of the current economic disease of inflation – where it started and what (who) caused it. ; In terms of the medical analogy, the White House was the Wuhan Lab of inflation. ;</p>



<p>At the time of the Biden Inauguration, the average national gas price was $2.09 per gallon. ;  ; Prior to the Russian invasion of Ukraine – but after Biden’s anti-oil policies &#8212; it had already risen to $3.54 per gallon – a 60 percent increase. ; As of this writing, the national average is $4.25 – and that is partly due to Putin’s war and partly the continuing impact of the Biden inflation.</p>



<p>There are two men who are uniquely responsible for the high price of gasoline in America today – and the consequential soaring inflation. ; They are Biden and Putin … period.</p>



<p>So, there ‘tis.</p>

The Biden/Putin Inflation
