Letters to the editor: Actually, you can blame Joe Biden for inflation, high gas prices
Biden's words, actions affect oil prices
Regarding the June 12 editorial “Misplaced blame for gas, grocery prices helps no one”: The price of oil started going up the day after Joe Biden’s election as the result of his constant rants on the campaign trail about killing the oil industry. He followed this with actions that have had a negative effect on oil production in this country, including denying pipelines and putting pressure on banks not to loan to oil companies. He has worked to reduce fracking. Wait until people get their utility bills next winter. Why are the “compassionate” Dems sticking it to all the poor and fixed-income people in this country?
As for inflation, Biden and friends are totally responsible. Oil touches every part of our lives, from manufacturing of many goods to the transport of those items. Inflation is not coming down as long as oil goes up.
The Democrats' obsession with massive spending also is affecting the current situation. Combine all of this with his other policies, including overregulation, that have caused a huge labor shortage — resulting in inflated wages and supply shortages — and you have the inflation trifecta: too little oil, too much money and labor and goods shortages.
The current interest rate tightening cycle by the Federal Reserve cannot change any of these Biden-related problems so there will be no “soft landing” for the economy. Combine this with the Fed rolling back their quantitative easing (QE) policy and draining liquidity from the system; this puts another load on the back of the economy.
You can run all the Jan. 6 theater on CNN you want. People will not care with $6 gas, 8% inflation, a crashing 401(k), losing their job and a president doing nothing.
Carl Shay, Stow
This article originally appeared on Akron Beacon Journal: Joe Biden blamed for inflation because of Big Oil stance
