Amazon founder Jeff Bezos blamed President Biden for inflation, arguing that Sen. Joe Manchin saved the administration from making the problem worse.
"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," Bezos said on Twitter Sunday. "Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country."
The Bezos tweet came in response to one from Biden, who touted the fact that the deficit has been cut by $1.5 trillion over the past year."Under my predecessor, the deficit increased every single year," Biden said. "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.
"The President’s actions to date have not reduced deficits but instead increased them," the Committee for a Responsible Federal Budget wrote in an analysis of Biden's claim that he had reduced the deficit. "Between the American Rescue Plan, the bipartisan infrastructure law, and various executive orders, we estimate at least $2.5 trillion has been added to deficits through 2031 over the President’s term so far.
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