Jeff Bezos criticized President Biden Saturday for blaming gas station companies for sky-high prices at the pump, declaring the commander-in-chief either employed “misdirection” or displayed a “deep misunderstanding” of economic fundamentals.
In a Saturday afternoon tweet, the official presidential account wrote, “My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril.”
“Bring down the price you are charging at the pump to reflect the cost you’re paying for the product,” Biden added. “And do it now.”
Later Saturday, the United States’ second richest person Jeff Bezos, blasted Biden’s tweet.
“Ouch. Inflation is far too important a problem for the White House to keep making statements like this,” posted Bezos, Amazon’s founder and owner of the Washington Post.
“It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics.”
The back-and-forth comes as Americans have been paying higher gas prices amid Russia’s February invasion of Ukraine and inflation.
On Thursday, Biden told reporters that American vehicle owners will have to pay high gas prices for “as long as it takes” for the war to end.
Cost of filling up could rise even higher.
On a side note, does everyone remember when we had high gas prices back when Obama was president too? It just seems odd another democrat is in office and the prices are found soaring.
Gas prices could soar above their current near-record levels to “apocalyptic,” heights if hurricane season causes significant disruptions for US oil refiners, an industry expert warned last month.
Saturday wasn’t the first time the president and an outspoken American billionaire have recently engaged in a war of words.
In early June, it was revealed that Billionaire Elon Musk has such a “super bad feeling” about the US economy under President Biden that he planned to lay off about 10% of the workers at Tesla, his electric car company.
Biden reacted to Musk’s view by taking a shot at Musk and his company SpaceX.
“Lots of luck on his trip to the moon,” Biden said.
That prompted Musk to fire back on Twitter with a link to a 2021 NASA press release about SpaceX winning a $2.89 billion contract to send the next American astronauts to the moon.
No, no, no, Jeff! Nothing is EVER Biden’s fault! I don’t know why Biden would want gas prices to fall; after all he
recently admitted it was in an effort to drive us to electric cars. Making it to 2024 is looking harder and harder, but
looking at the dems being mentioned as successors (barring him running again, EGAD) doesn’t offer me much hope.
Jeff Bezos is a piece of shit. With regard to our Idiot and Cheif, he;s 100% correct. All Petroleum products are priced on the Commidity’s Market, the oil companies can try to bring more fuel to yhe market, but they do not price the product, they abide with Commodity Market pricing. That’s Worldwide. Bidden’s such an embarrasment, also every ass hole who voted for that idiot should have their ass kicked, we are a country of moron’s. Too many people stopped paying atterntion, they keep voting the worse scum back into office and the country is ib a nose dive. Thanks IDIOT’s.