Jeff Bezos has mocked Joe Biden again. This time it’s over his list of alleged accomplishments. But, then again, a lot of people are mocking him for them. Biden has a tendency to take credit for things he didn’t do and place blame others for the things he did do. The first item is the fact that Joe Biden says he lowered the deficit. Lie. He has spent just as much or more, but there are no COVID programs this fiscal year.
“Under my predecessor, the deficit increased every single year. 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.”
Again, this is due to no large COVID programs. And remember Biden wanted to pass Build Back Better to the tune of $1.75 trillion, which would have raised the deficit greatly.
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:
“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. Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country.”
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. Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country. https://t.co/a8cygcunEG
— Jeff Bezos (@JeffBezos) May 15, 2022
Last week, Biden said the best way to bring down inflation is to raise taxes on corporations and Bezos pointed out that the cost of the taxes get passed on to consumers, raising inflation.
He took one other shot at Biden saying that his statements should be looked at by the new Ministry of Truth.
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. Mushing them together is just misdirection. https://t.co/ye4XiNNc2v
— Jeff Bezos (@JeffBezos) May 14, 2022
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.”