Florida Republican Gov. Ron DeSantis attacked President Joe Biden over his federal policies that he claims have led to the nation’s soaring inflation, arguing the president is “content watching people suffer.”
DeSantis shared the remarks in a Twitter post on Tuesday following the release of the Labor Department’s data that revealed the highest level of inflation in 40 years.
“Inflation is at a 40-year high of 8.5% due to federal policies of borrowing & printing money at unfathomable levels & bad energy policy, which is hurting Floridians,” DeSantis tweeted. “Biden could unleash domestic energy production to provide relief. Instead, he is content watching people suffer.”
Inflation is at a 40-year high of 8.5% due to federal policies of borrowing & printing money at unfathomable levels & bad energy policy, which is hurting Floridians.
Biden could unleash domestic energy production to provide relief. Instead, he is content watching people suffer.
— Ron DeSantis (@GovRonDeSantis) April 12, 2022
The consumer price index, a measurement that covers a wide range of areas, increased 8.5% from 12 months ago. That’s above the already high Dow Jones estimate of 8.4%.
“Increases in the indexes for gasoline, shelter, and food were the largest contributors to the seasonally adjusted all items increase. The gasoline index rose 18.3 percent in March and accounted for over half of the all items monthly increase; other energy component indexes also increased. The food index rose 1.0 percent and the food at home index rose 1.5 percent,” the report stated.
CNBC noted the historic high inflation the report represented on Tuesday.
“The data reflected price rises not seen in the U.S. since the stagflation days of the late 1970s and early ’80s. March’s headline reading in fact was the highest since December 1981. Core inflation was the hottest since August 1982,” the outlet reported.
CNBC also revealed that the inflation spike continues to exceed earnings, despite increased wages nationwide: “real earnings, despite rising 5.6% from a year ago, weren’t keeping pace with the cost of living. Real average hourly earnings posted a seasonally adjusted 0.8% decline for the month, according to a separate Bureau of Labor Statistics report.”
On Monday, The Daily Wire reported that the Biden administration is still blaming Russian President Vladimir Putin for rising inflation and other economic woes plaguing America, despite evidence showing that costs were soaring before Russia ever invaded Ukraine.
In response to the White House’s comments, Nicole Morales — a Republican National Committee spokesperson — slammed President Joe Biden while claiming that the American people aren’t buying his excuses for rising costs. The Daily Wire reported:
During Monday’s press briefing, White House Press Secretary Jen Psaki indicated that the upcoming Consumer Price Index report would show “elevated inflation” for March, which she argued was caused by “Putin’s price hike.”
Via an email sent to The Daily Wire on Monday afternoon, Morales said, “Inflation has risen every month since Joe Biden took office.”
Indeed, NBC News recently reported that the inflation has skyrocketed under Biden’s watch, and it started happening long before a Russian soldier ever set foot in Ukraine in late February 2022