The White Home has reportedly been contemplating sending ‘rebate playing cards’ to Individuals struggling because of the excessive price of gasoline, however chip shortages below the Biden administration have made doing so almost unattainable.
Should you needed to outline the Biden presidency in a nutshell, you’d be hardpressed not to take a look at this story.
The Washington Submit on Friday indicated the White Home is resurrecting the concept of delivering gasoline rebate playing cards, an thought they beforehand dismissed, as a result of they’re “determined to indicate that the administration is attempting to handle voter frustration about rising prices on the pump.”
“The president has made clear that he’s prepared to discover all choices and listen to all concepts that may assist decrease gasoline costs for the American folks,” an official instructed Fox Enterprise.
All choices, besides drilling extra, which White Home press secretary Karine Jean-Pierre has mentioned the U.S. doesn’t must do.
White Home officers exploring sending Individuals rebates playing cards to offset gasoline prices bumped into one other downside — the chips scarcity, which meant US couldn’t bodily produce sufficient playing cards to make the plan work even when lawmakers tried to do it, per sourceshttps://t.co/k1YNcZN1eq
— Jeff Stein (@JStein_WaPo) June 17, 2022
RELATED: Biden Tries To Go The Buck On Inflation Blame-Sport
Gasoline Rebate Card Plan Hits A Snag With Chip Shortages
The Washington Submit report cites a number of sources indicating chip shortages would primarily doom the gasoline rebate card plan for struggling Individuals.
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Economics reporter Jeff Stein, who contributed to the report, tweeted that the concept bumped into an issue as a consequence of chip shortages “which meant [the United States] couldn’t bodily produce sufficient playing cards to make the plan work even when lawmakers tried to do it.”
Have y’all thought of possibly merely stealing much less cash from of us? https://t.co/L9YVLih8jX
— Jameson Lopp (@lopp) June 17, 2022
Yahoo Information reported on the chip scarcity again in January, saying it doesn’t simply harm financially however is “a nationwide safety concern.”
Secretary of Commerce Gina Raimondo has drawn a “direct correlation” between inflation and the continued scarcity of semiconductors.
Investments within the semiconductor business are about long-term investments in 🇺🇸 manufacturing, analysis & improvement to boost our financial & nationwide safety. We should revitalize the home semiconductor business & guarantee they’re made in America. https://t.co/OnjoOyzHLR
— Secretary Gina Raimondo (@SecRaimondo) January 22, 2022
In December, Raimondo begged the Democrat-controlled Congress to go the CHIPS for America Act, a $52 billion invoice that may encourage home semiconductor manufacturing and analysis.
The extremely disruptive chip scarcity received’t go away till “deep into 2022,” Commerce Secretary Raimondo instructed me. @SecRaimondo implored Congress to handle this by passing the CHIPS Act instantly
“It is a disaster now and it’s solely going to worsen.”
— Matt Egan (@MattEganCNN) December 2, 2021
RELATED: Biden Shrugs Off Gasoline Costs, Blames Russia: ‘Can’t Do A lot Proper Now’
Who’s To Blame For Inflation And Provide Chain Shortages?
A current ABC Information/Ipsos ballot signifies most Individuals blame President Biden for hovering inflation and skyrocketing gasoline costs.
Biden scored a mere 37% approval on his dealing with of inflation and a paltry 27% on his dealing with of gasoline costs.
Ballot exhibits Individuals blame Biden for inflation and gasoline costs https://t.co/QEQ2iV3hR0
— WBEN NewsRadio 930AM (@WBEN) June 6, 2022
This previous November, a ballot indicated President Biden and congress are principally accountable for an ongoing provide chain disaster in America as effectively.
62 p.c of registered voters on the time mentioned Biden bears some duty for the provision chain and supply issues.
Majorities in new ballot blame Biden, Congress for provide chain downside https://t.co/GRndbpNufO pic.twitter.com/CZW0XsU5ca
— The Hill (@thehill) November 24, 2021
The President has constantly insisted that his insurance policies should not answerable for file ranges of year-over-year inflation, stating there may be “zero proof” that out-of-control spending is the offender.
Within the AP interview, Biden claims it’s “weird” to assume his $1.9 trillion spending package deal “brought about inflation.”
Right here’s Biden in November saying it did. pic.twitter.com/bTVODMndMn
— Vince Coglianese (@VinceCoglianese) June 17, 2022
Biden Vowed To “Take Duty”
He additionally shrugged off blame for inflation by insisting – incorrectly – that “each different main industrial nation on the earth” has greater inflation than america.
Biden falsely claims “inflation is greater round the remainder of the world”
The U.S. has one of many highest inflation charges within the developed world. pic.twitter.com/s8PK8ndAYd
— RNC Analysis (@RNCResearch) June 16, 2022
Gasoline costs? Nicely that, after all, is because of the ‘Putin worth hike.’
Now that he’s managing a chip scarcity that’s stopping the administration from sending out ‘gasoline rebate playing cards’ to struggling Individuals, it’ll be fascinating to see the place he factors the blame this time.
Biden promised voters that if elected President he’ll at all times “take duty as a substitute of blaming others.”
The chip scarcity correlates to inflation. Spending accelerates it. Limiting the oil and gas business from delivering to the American folks shoots gasoline costs to the moon. They usually can’t alleviate the ache on the pump due to the chip scarcity.
Only a vicious circle of incompetence proper there.
Doesn’t the buck cease with the President?
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