Economy
Video: Biden Energy Advisor Claims It’s “Just Factually Not True” That Gas Prices Were Rising Before Ukraine Invasion
Flat out lies
Published
2 weeks agoon
Steve Watson

Biden administration energy adviser Amos Hochstein claimed Wednesday that it is “just factually not true” to claim that gas prices were increasing before the invasion of Ukraine earlier this year, despite the fact that the prices had increased by over a dollar per gallon from the day Biden took office to the day of Russia’s military intervention.
Hochstein made the comment during an interview with Fox News.
Watch:
Top Biden energy adviser Amos Hochstein absurdly claims it's "just factually not true" that gas prices were on the rise even before Russia invaded Ukraine.
— RNC Research (@RNCResearch) August 3, 2022
When Joe Biden took office, gas was at $2.39/gal. On Feb. 24 — the day Russia invaded Ukraine — gas was $3.54/gal. pic.twitter.com/zYtDWAGsHi
The guy is just flat out lying.
Shit I didn’t mean to post this pic.twitter.com/RwGwXUNKBP
— Jesse Owens (@jesseowens_1936) August 3, 2022
Does he really expect that no one will even check?
These people have absolutely no qualms about lying to the American people. These guys cannot be trusted to run a dog kennel much less a country.
— KRM / Kevin (@the_K_R_M) August 3, 2022
In a further appearance on CNN, Hochstein claimed that $4 gas is a good thing, because it’s come down from $5:
Biden senior energy adviser Amos Hochstein shamelessly touts $4/gal+ gas prices as "remarkable."
— RNC Research (@RNCResearch) August 3, 2022
Gas prices are still $1.77/gal HIGHER than when Biden took office. pic.twitter.com/PN3dMcaqot
Meanwhile, Biden’s energy secretary Jennifer Granholm declared this week that the massive upswing in energy costs are the reason why a “transition” is needed.
Biden Energy Secretary Jennifer Granholm: "You know what? These upward spiraling prices of fossil fuels are exactly why we have to transition to" green energy. pic.twitter.com/RpK6QxR8IY
— RNC Research (@RNCResearch) August 3, 2022
She knows full well that the transition IS the cause of the upward spiralling prices.
CNBC later called out Hochstein on this, noting that Biden stated all along that he was going to shut down the fossil fuel industry:
CNBC’s Kernen calls out Biden advisor Amos Hochstein over Biden’s war on fossil fuels.
— RNC Research (@RNCResearch) August 3, 2022
“When he was campaigning, President Biden said he will end the fossil fuel industry.” pic.twitter.com/Nc6kfcCy4U
Just so everyone is clear:
— Jake Schneider (@jacobkschneider) August 3, 2022
When Joe Biden took office, gas was $2.39/gal and diesel was $2.63/gal.
Today, gas is $4.16/gal (⬆️ $1.77) and diesel is $5.23/gal (⬆️ $2.60).
Biden doesn't get to take a victory lap.
Diesel fuel remains $1.74/gallon higher than one year ago — and $2.60/gallon higher than the day Biden took office. pic.twitter.com/Fxjm2i1cV4
— RNC Research (@RNCResearch) August 3, 2022
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Economy
Electric Vehicles Just Went UP In Price
Makes Democrats’ $7500 tax credit for EV buyers even more pointless
Published
2 days agoon
18 August, 2022Steve Watson

Electric car manufacturers have hiked their prices pretty much across the board, effectively completely cancelling out government tax credit incentives signed into law by Democrats this week.
Under the ‘Inflation Reduction Act’, which economic experts say will not reduce inflation, anyone buying a new EV with a battery that was built in North America is eligible for a $7500 credit.
That already discounts most EVs.
Less than a third are eligible
As for the rest, well they’ve gone up in price by thousands of dollars.
General Motors has hiked the cost of an electric Hummer by $6,250 and Ford has “updated” the cost of its EVs by $6,000 to $8,500.
So much for the green transition.
As we have repeatedly highlighted, EVs cost on average $67 thousand dollars and are already completely unaffordable to most Americans.
That hasn’t stopped Biden energy minions touting them as a solution to high gas prices:
The $7,500 credit was definitely a nice bonus when purchasing my $117,000 EV.
— Tim (@BroncosFanMN) August 4, 2022
Biden Energy Secretary Jennifer Granholm insists high gas prices are "a very compelling case” to buy an electric vehicle. pic.twitter.com/pMpLIoXBKR
— RNC Research (@RNCResearch) June 14, 2022
Sen. Debbie Stabenow (D-MI):
— Greg Price (@greg_price11) June 7, 2022
“On the issue of gas prices, I drove my electric vehicle from Michigan to here last weekend and went by every gas station and it didn’t matter how high it was.”
pic.twitter.com/VWSd9BJ3kk
Biden: *Drives a Corvette*
— MRCTV (@mrctv) March 11, 2022
Also Biden: Buy electric vehicles! pic.twitter.com/WufzueiP88
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Economy
Joe Biden’s Inflation Reduction Act “Secretly” Brought To You By Bill Gates
Published
2 days agoon
18 August, 2022Zero Hedge

The Democrats’ “Inflation Reduction Act” – which according to the Congressional Budget Office will raise taxes on the middle class to the tune of $20 billion – not to mention unleash an army of IRS agents on working class Americans over the next decade, was made possible by Bill Gates and (in smaller part) Larry Summers, who have been known to hang out together.
The bill, of course, was signed yesterday.
This is what dementia looks like: pic.twitter.com/e9fof5l4RS
— End Wokeness (@EndWokeness) August 16, 2022
In a Tuesday Bloomberg article that reads more like a newsletter for the Gates fan club, the billionaire Microsoft co-founder recalls how earlier this year, as moderate Democratic Senators Joe Manchin and Kyrsten Sinema continued to block the tax-and-spend legislation over concerns that it would raise taxes on the middle class (it will), Gates says he tapped into a relationship with Manchin that he’d been cultivating since at least 2019.
Gates was banking on more than just his trademark optimism about addressing climate change and other seemingly intractable problems that have been his focus since stepping down as Microsoft’s chief executive two decades ago. As he revealed to Bloomberg Green, he has quietly lobbied Manchin and other senators, starting before President Joe Biden had won the White House, in anticipation of a rare moment in which heavy federal spending might be secured for the clean-energy transition.
Those discussions gave him reason to believe the senator from West Virginia would come through for the climate — and he was willing to continue pressing the case himself until the very end. “The last month people felt like, OK, we tried, we’re done, it failed,” Gates said. “I believed it was a unique opportunity.” So he tapped into a relationship with Manchin that he’d cultivated for at least three years. “We were able to talk even at a time when he felt people weren’t listening.” -Bloomberg
We know, gag us with a spoon.
Apparently Gates and Manchin’s bromance began when the billionaire wooed the West Virgina Senator at a 2019 meal in Seattle, in an effort to garner support for clean-energy policy. Manchin at the time was the senior-most Democrat on the energy committee.
“My dialogue with Joe has been going on for quite a while,” said Gates.
After Manchin walked (again) on the bill last December over concerns that it would exacerbate the national debt, inflation, the pandemic, and amid geopolitical uncertainty with Russia, Gates jumped into action. A few weeks later, he met with Manchin and his wife, Gayle Conelly Manchin, at a DC restaurant, where they talked about what West Virginia needed. Manchin understandably wanted to preserve jobs at the center of the US coal industry, while Gates suggested that coal plant workers could simply swap over to nuclear plants – such as those from Gates’ TerraPower.
Manchin apparently wasn’t convinced, announcing on Feb. 1 that “Build Back Better” (the Inflation Reduction Act’s previous iteration) was “dead.”
In an effort to convince him otherwise, Democrats pulled together a cadre of economists and other Manchin influencers – including former Treasury Secretary Lawrence Summers, who convinced Manchin that the bill wouldn’t raise taxes on the middle class, or add to the deficit.
Collin O’Mara, chief executive officer of the National Wildlife Federation, recruited economists to assuage Manchin’s concerns — including representatives from the University of Chicago and the Wharton School of the University of Pennsylvania. Senator Chris Coons of Delaware brought in a heavyweight: former Treasury Secretary Lawrence Summers, who has spent decades advising Democrats.
The economists were able to “send this signal that [the bill’s] going to help with the deficit,” O’Mara said. “It’s going to be slightly deflationary and it’s going to spur growth and investment in all these areas.” Through this subtle alchemy, clean-energy investments could be reframed for Manchin as a hedge against future spikes in oil and gas prices and a way to potentially export more energy to Europe. -Bloomberg
Gates also sprang into action again on July 7, when Manchin was spotted at the Sun Valley media conference in Idaho – which Gates also attended.
“We had a talk about what was missing, what needed to be done,” Gates said. “And then after that it was a lot of phone calls.”
Gates looks back at the new law with satisfaction. He achieved what he set out to do. “I will say that it’s one of the happier moments of my climate work,” Gates said. “I have two things that excite me about climate work. One is when policy gets done well, and this is by far the biggest moment like that.” His other pleasure comes from interviewing people at climate and clean-tech startups: “I hear about this amazing new way to make steel, cement and chemicals.” -Bloomberg
“I don’t want to take credit for what went on,” says Gates – in the article about how he gets credit for what went on.
This post was originally published at Zero HedgeEconomy
Video: Americans Are Fleeing To MEXICO To Avoid Biden’s Titanic Economy
Average rent prices are up 25% from March 2020
Published
3 days agoon
17 August, 2022Steve Watson

Joe Biden’s economy is sinking so fast that over five million Americans have gone to Mexico, according to a report.
It’s a CNN report, but it doesn’t seem to be completely fake news this time, as it cites State Department figures.
A million more Americans flew to Mexico in the first five months of this year than they did at that point during 2019 (pre-pandemic).
“A refuge for migrants,” the ridiculous CNN voice over states, adding “perhaps not the border crossing you expected.”
Nevertheless, it’s an interesting watch:
CNN also noted this week that average rent prices are “up 25% from March 2020”.
A majority of 62 percent of renters are worried about being able to pay:
Food prices are up 13.1%, and 48% of Americans according to a YouGov poll say inflation is “eroding their livelihoods”:
Don’t worry though, because Biden signed the ‘inflation reduction act‘ this week.
And remember, the U.S. definitely isn’t in a recession because that has been redefined.
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