Inflation has increased at nearly unprecedented rates under President Biden.
Inflation is up 8.2 percent over the last twelve months, slightly down from a 40-year high when Democratic President Jimmy Carter lost re-election to Ronald Reagan.
Gas prices temporarily dipped after Biden drained the United States’ strategic oil reserves in an attempt to save face for Democrats before the 2022 midterms.
With our strategic oil reserves nearly depleted, gas prices are once again on the rise.
In another gambit to stall the rise of gas prices, Biden reportedly begged the Saudi government to wait to cut oil production until after the November midterms.
After Biden has completely mismanaged the economy, failing to cut inflation and failing to cut gas prices despite draining our strategic oil reserves, he said this week that electing Republicans would cause inflation to get worse.
The Hill Reports–
President Biden on Thursday argued that inflation will get worse if Republicans win control of Congress in the midterm elections next month.
“If Republicans win, inflation’s going to get worse. It’s that simple,” Biden said in remarks in Los Angeles.
Biden argued that Democrats are standing up for working people, using the top of his remarks to focus on bipartisan infrastructure law investments in California to rally for his party.
“We’ve got an election in the month. Voters have to decide. Democrats are working to bring down the cost of things they talk about around the kitchen table, from prescription drugs, to health insurance, to energy bills and so much more,” he said.
His remarks followed consumer price index data that showed inflation rose 0.4 percent in September and 8.2 percent over the past 12 months. Earlier on Thursday, Biden said in a statement that the report shows progress but that there is more work to do.