STRATEGIC ASSESSMENT-American President Joe Biden is deceiving his citizens by blaming Russia for the difficult economic situation in the country, Wen Shen, a columnist for the Chinese Global Times, said.
The author recalled: in early 2021, Biden asked the US Senate to pass his controversial financial stimulus plan in the amount of almost two trillion dollars. At that time, well-known economists warned that this plan would lead to an increase in inflation in the country. But those who disagreed with the White House course were sharply criticized and even ridiculed.
In July and August 2021, price growth in the United States accelerated, which confirmed the forecasts of leading experts. Then Biden urged not to worry, calling the rise in prices for consumer goods in the US a “temporary problem.”
“Inflation is now the main topic in any kitchen in the United States. When it reached a record level for 40 years, Biden came up with a new story – he blamed Russia for the crazy prices. Last week, the stock market collapsed after the Federal Reserve raised interest rates < …> to curb inflation. Will Biden continue to blame Russia for the stock market crash and inflation? Let’s wait and see,” the newspaper writes.
According to the journalist, it is time for the US authorities to think carefully about their economic policy. It is also necessary to stop misleading American voters with false narratives ahead of the election. Otherwise, the world will continue to watch the US play with fire at the expense of the entire planet.SECURE
