Biden's misguided approach to inflation

DailyWire:

Amazon founder Jeff Bezos slammed Democrat President Joe Biden late Friday evening for trying to connect skyrocketing inflation rates to corporations paying taxes.

The news comes as numbers released this week by the Bureau of Labor Statistics showed that the Consumer Price Index increased 8.3% in April from a year ago, which is higher than the projected 8.1%.

“You want to bring down inflation?” Biden tweeted. “Let’s make sure the wealthiest corporations pay their fair share.”

Bezos responded several hours later, writing: “The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead.”

“Raising corp taxes is fine to discuss. Taming inflation is critical to discuss,” Bezos continued. “Mushing them together is just misdirection.”

Bezos’ remark about “the newly created Disinformation Board” is a reference to the Biden administration’s Disinformation Governance Board that is being run by the Department of Homeland Security.

While Biden did not specifically mention Amazon in his tweet, he has called out the company in the past, saying they “should start paying their taxes.”

“I don’t think any company, I don’t give a damn how big they are, the Lord almighty, should absolutely be in a position where they pay no tax and make billions and billions and billions of dollars,” Biden said two years ago while campaigning to become president.

The Wall Street Journal noted the current wave of high inflation rates has multiple causes that are primarily linked to the coronavirus pandemic.
...

Biden appears to be blind to the government's contribution to inflation.  It was his big spending programs that were primarily responsible for it.  Blaming retailers for it is typical liberal BS.

See, also:

Nolte: Jeff Bezos Ridicules Biden and His ‘Disinformation Board’

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