Jeff Bezos calls out Joe Biden’s latest inflation claim: ‘Straight misdirection or a deep misunderstanding’ Lawrence Richard –
After President Joe Biden called on companies running gas stations to lower the price of gas, Jeff Bezos accused the U.S. president of misleading the public or said he lacked a “basic” understanding of the forces that actually drive prices.
“Ouch. Inflation is far too important a problem for the White House to keep making statements like this,” Bezos said in a tweet Saturday evening.
In the initial tweet, Biden made a direct appeal to gas stations and encouraged them to simply charge less for gasoline.
“My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril. Bring down the price you are charging at the pump to reflect the cost you’re paying for the product,” Biden said Saturday morning.
The president urged compliance, without any hesitation.
“And do it now,” he ordered.
Bezos said the tweet was very telling to him and may reveal how little Biden knows about the market.
“It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics,” Bezos added in his response.
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