President Biden brushed off $7-a-gallon gas prices in California — saying “that’s always been the case” and housing was “the most important thing … in terms of that” — after paying $60 for takeout at a Los Angeles taco shop.
Biden’s Thursday afternoon remark spurred confusion because he didn’t describe how housing was linked to high gas prices, which in California actually jumped $1.74 per gallon over the past 12 months to a state average of $6.15, according to AAA data.
“The inflation report is out. Have you seen gas prices around here in LA? It’s 7 bucks a gallon almost,” a reporter said after Biden handed a cashier three $20 bills for a $16.45 order of six tacos and two quesadillas.
“Well, that’s always been the case here,” Biden replied. “You know, it’s not — what — nationwide, they came down about $1.35, and they’re still down over a dollar. But we’re going to work on — housing is the big — is the most important thing we have to do in terms of that.”
It’s unclear if Biden, who turns 80 next month, intended to draw a closer link between the two subjects before his reply was cut off by a different reporter’s question, but his answer attracted attention after a series of recent gaffes.
More at: NYPost.com
Biden’s Inflation Quickly Makes Americans Poorer
At one point, this inflation was totally ignored by Washington. The Biden administration and the Federal Reserve each insisted inflation was “transitory,” while they focused on issues such as diversity. But now, the reality is so apparent that not even the ruling class in the nation’s capital can ignore it. In a belated attempt to fight inflation, the Fed has been pushing up interest rates.
More at: Dailysignal.com
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