President Biden refused to accept any responsibility for record-high inflation and rising prices this week, insisting the increased costs “came from Putin.”
“Putin’s invasion of Ukraine has driven up gas prices and food prices all over the world. 70% of the increase in prices in March came from the Putin Price Hike. I’m doing everything I can to bring down prices and address the Putin Price Hike,” stated the President.
“To help deal with this Putin Price Hike, I authorized the release of 1 million barrels per day for the next 6 months from our Strategic Petroleum Reserve — and over 30 countries agreed to release 60 million additional barrels. This is the largest collective release in history,” he added.
Watch Biden’s comments above.