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Wednesday, November 30, 2022
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Jeff Bezos Responds to Biden on Inflation

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Jeff Bezos | Image by lev radin

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Bezos, the founder of Amazon and owner of The Washington Post, recently used Twitter to voice concerns about inflation. Bezos used the platform to express his thoughts on how President Joe Biden’s Administration is handling rampantly surging inflation.

He tweeted, in part, “Remember the Administration tried…their best to add another $3.5 TRILLION to federal spending. They failed, but if they had succeeded, inflation would be even higher than it is today, and inflation today is at a 40 year high.”

Another tweet praised Senator Joe Manchin, claiming he “saved them (the Biden administration) from themselves” by fighting against injecting more stimulus into the economy.

Bezos described inflation as “a regressive tax that most hurts the least affluent.” Bezos added: “Misdirection doesn’t help the country.”

Bezos responded to a Twitter thread in which the current administration claimed credit for reducing the deficit last week.

According to economists at Trading Economics, inflation fell .2% last week but remains above 8%. AAA shows gas prices have risen daily for the past week to a May 17 average of $4.52.

Biden’s Twitter account posted a similar message, saying, “This year, we’re on track to cut the deficit by $1.5 trillion – the biggest one-year decline ever.”

Biden tweeted on May 13, “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.”

Bezos recently responded to it, saying, “The newly created Disinformation Board should review this tweet. . . Raising corp(oration) taxes is fine to discuss; taming inflation is critical to discuss. Mushing them together is just misdirection.”

Officials have criticized Bezos for not paying “his fair share” of taxes.

White House Deputy Press Secretary Andrew Bates told The Washington Post, “It doesn’t require a huge leap to figure out why one of the wealthiest individuals on Earth opposes an economic agenda for the middle class that cuts some of the biggest costs families face, fights inflation for the long haul, and adds to the historic deficit reduction the President is achieving by asking the richest taxpayers and corporations to pay their fair share.”

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