President Joe Biden just set a new standard for political lying with his assertion that his releases of millions of barrels of oil from the Strategic Petroleum Reserve to try to hold down gasoline prices on the eve of the midterm elections are "not politically motivated at all.
" Let's see now: The average cost of the oil in the reserve was $29.70 per barrel, and Biden just announced that he intends to replace the millions of barrels of oil that he has released with oil costing $67 to $72 per barrel.
We, the American taxpayers, are paying over $170 million to lower the price at the pump now, by happenstance just before an election, in order to have that same demand for oil impact the market price after the election.
Some Republicans keep insisting that "the American people are smart" and will see through Biden's gyrations to use your money to try to buy elections.
Yes, reducing unemployment and putting more money in some people's pockets will increase demand, but that is only a very tiny factor compared to the trillions of dollars that the government has printed and spent under Biden and the Democrat control of both houses of Congress.
The collective ignorance of the American public about economics is eclipsed only by its ignorance about nuclear physics, and that's why Biden and Pelosi can get away with their lies.
Abraham Lincoln supposedly said, "You can fool all of the people some of time; you can fool some of the people all of the time, but you can't fool all the people all the time.
https://spectator.org/biden-breaks-record-for-political-lies-about-economics/
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