Biden Blames Putin, Refiners, Gas Stations For Record Prices
Jun 22, 2022 21:06:24 GMT -5
Post by Honoria on Jun 22, 2022 21:06:24 GMT -5
Biden Blames Putin, Refiners, & Gas Stations For Record Prices: 'Cost Of Saving Democracy'
BY TYLER DURDEN
WEDNESDAY, JUN 22, 2022 - 05:57 PM
Having had the 'Putin Price Hike' narrative thoroughly dismissed by Fed Chair Powell earlier in the day, President Biden is set to keep repeating the 'big lie' until more people believe it.
Presumably, President Biden will announce his cunning plan to cut the federal gas tax...
“By suspending the 18-cent federal gas tax for the next 90 days, we can bring down the price of gas and bring families a bit of relief,” Biden said Wednesday at the White House.
Breaking down proposed tax savings, 18-cent savings per gallon of regular gas for 12 gallons (average fuel tank size for a US car) will save the consumer a whopping $2.16 every time they fill up.
Something that President Obama called "a gimmick" and Speaker Pelosi called "very showbiz".
President Biden explained "this is a time of war and global peril," and that he reminded voters that he had always said there would be a price to pay for saving democracy in Ukraine.
Biden said that states, many of which are enjoying budget surpluses thanks in part to federal pandemic stimulus, should also suspend their own gas taxes, and he called on refiners and gasoline retailers to make sure “every penny” of the tax pause goes to consumers.
"Your customers, the American people, they need relief now,” Biden said.
The president took another shot at 'big oil', claiming they should stop buying back their own shares and spend that money on refining capacity. There's just one problem with that...
Continued at link
BY TYLER DURDEN
WEDNESDAY, JUN 22, 2022 - 05:57 PM
Having had the 'Putin Price Hike' narrative thoroughly dismissed by Fed Chair Powell earlier in the day, President Biden is set to keep repeating the 'big lie' until more people believe it.
Presumably, President Biden will announce his cunning plan to cut the federal gas tax...
“By suspending the 18-cent federal gas tax for the next 90 days, we can bring down the price of gas and bring families a bit of relief,” Biden said Wednesday at the White House.
Breaking down proposed tax savings, 18-cent savings per gallon of regular gas for 12 gallons (average fuel tank size for a US car) will save the consumer a whopping $2.16 every time they fill up.
Something that President Obama called "a gimmick" and Speaker Pelosi called "very showbiz".
President Biden explained "this is a time of war and global peril," and that he reminded voters that he had always said there would be a price to pay for saving democracy in Ukraine.
Biden said that states, many of which are enjoying budget surpluses thanks in part to federal pandemic stimulus, should also suspend their own gas taxes, and he called on refiners and gasoline retailers to make sure “every penny” of the tax pause goes to consumers.
"Your customers, the American people, they need relief now,” Biden said.
The president took another shot at 'big oil', claiming they should stop buying back their own shares and spend that money on refining capacity. There's just one problem with that...
Continued at link
