Washington, DC (November 23, 2021) – Today, President Biden blamed gas supply companies for higher gas prices and asked the Federal Trade Commission to investigate those companies for the rise in prices.
“If President is looking for the ‘root cause’ for higher prices, he needs to look in the mirror instead of blaming the private sector. Just a year ago, we were energy independent, thanks to the previous administration’s ‘energy dominance’ strategy. Now Biden is releasing oil from the Strategic Petroleum Reserve and begging OPEC to increase production. Since Biden’s first days in office, Job Creators Network has been warning about the inflationary pressures of the Biden spending spree – $1.9 trillion in March, then another $1.2 trillion this month, now another $5 trillion if the Senate passes the ‘human infrastructure’ bill. The results are clear for all to see: Inflation was negligible during the previous administration, now it’s at a 31-year high, and it’s in danger of reaching Jimmy Carter levels. Inflation is the reason for the ‘Biden pay cut,’ as wages can’t keep pace with inflation. It’s also a key factor in the supply-chain crisis that’s threatening Christmas for many families. Biden should apologize for his disastrous policies, instead of trying to make excuses.”
Breitbart published Mr. Ortiz’s op-ed, Democrats’ Reckless Spending Would Turn Stagflation Problem into Crisis. To read it, click here.