News and Analysis

Bezos Torches Biden Again Over Dubious Claim About His Administration’s Accomplishments

   DailyWire.com
Bezos Biden
Getty Images: STEFANI REYNOLDS | Joe Raedle

Amazon founder Jeff Bezos slammed Democrat President Joe Biden on Sunday for trying to claim that his administration had lowered the deficit amid skyrocketing inflation.

Bezos’ remarks come after the Bureau of Labor Statistics released statistics last week that showed that the Consumer Price Index increased 8.3% in April from a year ago, which is higher than the projected 8.1%.

“Under my predecessor, the deficit increased every single year,” Biden claimed over the weekend on Twitter. “This year, we’re on track to cut the deficit by $1.5 trillion – the biggest one-year decline ever. It matters to families, because reducing the deficit is one of the main ways we can ease inflationary pressures.”

The Neoliberal Project responded to Biden’s tweet by writing: “This is so silly. The deficit is decreasing because we’re not doing pandemic aid anymore, and federal receipts are up because of inflation. Congress, or the Biden administration, didn’t do anything to lower the deficit.”

Bezos responded to the Neoliberal Project’s tweet and accused Biden of again trying to deceive the public.

“In fact, the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves,” Bezos wrote. “Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country.”

Bezos took aim at Biden late last week too after Biden again tweeted about inflation.

“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.”

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

“Consumers have been flush with savings from government stimulus programs and depressed services spending as a result of restrictions on businesses, leading them to open the spigot for goods that are in scarce supply,” the report said.

The report noted that supply chain disruptions, which have been an issue throughout the pandemic, have worsened with the war in Eastern Europe and China going into lockdown again because of a rise in coronavirus cases.

“Energy prices, including gasoline, have gone up. Truck drivers, seaport slots and warehouse spaces are all in short supply, leading to costly delays and rising shipping rates for goods,” the report continued. “Fewer workers are in the labor market, encouraging those who are working to demand raises. And low interest rates from the Federal Reserve have made borrowing cheaper, making big purchases more attractive.”