Controversial YouTuber-turned-boxer Jake Paul has taken to Twitter to air his grievances over President Biden and the state of the economy.
Paul posted a direct message aimed at Biden in which he listed reasons as to why the country wasn’t doing well and where it was heading.
‘Biden accomplishments 1. Highest gas prices 2. Worst inflation 3. Plummeting crypto prices 4. Highest rent prices ever 5. Created new incomprehensible language,’ he began.
Paul wasn’t finished and left a parting shot in his Saturday night message.
YouTuber-turned-boxer Jake Paul has lashed out at President Biden in a tweet
He blamed Biden for high gad prices, inflation, high rent and plummeting crypto prices
Paul posted a direct message aimed at Biden in which he listed reasons as to why the country wasn’t doing well and where it was heading
‘If you’re reading this and voted for Biden and you still don’t regret it then you are the American problem.’
A number of users came to Biden’s defense.
‘I mean a pandemic just happened, this was going to happen regardless of who was President. If anything it was the Covid payments under Trump that may have caused the inflation,’ wrote Dingo.
‘While I did vote for Biden begrudgingly and definitely have regrets about that. It’s not for ANY of the reasons you just stated. Like not 1. And it’s not that I don’t care about inflation or rent or gas prices. But what he gotta do with that? Or Crypto for that matter?’ added Milly.
Other users responded with information to counter Paul’s tweet.
‘Hey Jake, the rise in prices isn’t solely a USA problem. Post-pandemic demand and the war in Ukraine escalated this to a global issue. USA’s current inflation is = 8.6% Many other countries are feeling the pain: Spain = 8.7% Germany = 7.9% United Kingdom = 9%’ tweeted Daily Dose.
‘Lol… man, you don’t understand it do you? I really wish we could see it would be the EXACT same if Trump were in office still lol THE COUNTRY OPENED BACK UP… actually the WORLD opened back up… “American problem” whole globe going through it… wake up,’ wrote Trevor Nazelrod.
‘Hey Jake, the rise in prices isn’t solely a USA problem. Post-pandemic demand and the war in Ukraine escalated this to a global issue. USA’s current inflation is = 8.6% Many other countries are feeling the pain: Spain = 8.7% Germany = 7.9% United Kingdom = 9%’ tweeted Daily Dose
‘Lol… man, you don’t understand it do you? I really wish we could see it would be the EXACT same if Trump were in office still lol THE COUNTRY OPENED BACK UP… actually the WORLD opened back up… “American problem” whole globe going through it… wake up,’ wrote Trevor Nazelrod.
‘I mean a pandemic just happened, this was going to happen regardless of who was President. If anything it was the Covid payments under Trump that may have caused the inflation,’ wrote Dingo
‘While I did vote for Biden begrudgingly and definitely have regrets about that. It’s not for ANY of the reasons you just stated. Like not 1. And it’s not that I don’t care about inflation or rent or gas prices. But what he gotta do with that? Or Crypto for that matter?’ added Milly
On Saturday, the national average price for a gallon of gasoline reached $5
Gas prices have shot up in recent months amid Russia’s continued assault of Ukraine and the ensuing sanctions western countries have imposed on Russian oil, which pulled more than 1 million barrels of oil off of global markets.
In March, President Joe Biden announced that the United States would ban Russian oil and natural gas, warning Americans that ‘defending freedom is going to cost.’
But gas prices were already high at the time due to increased demand as the economy started to recover from COVID-related shutdowns, as well as increased travel demands going into the summer.
At the same time, though, many oil companies closed a number of their refineries as demand plummeted during the pandemic.
By Saturday, the national average price of gasoline reached $5 a gallon – up 60 cents from a month ago and up nearly two dollars from just one year ago, according to the New York Times.
This chart shows how prices have risen year-on-year
Inflation in May was hotter than economists had expected, and topped the recent peak of 8.5 percent set in March
New data show that annual inflation in the US rose to 8.6% last month, the biggest increase since December 1981
Inflation has emerged as a key threat to Biden and congressional Democrats in the midterms, with surveys showing that Americans see high inflation as the nation’s top problem, and most disapprove of Biden’s handling of the economy.
Now, Congressional Republicans are hammering Biden and Democrats on the issue, in the run-up to the midterm elections this fall.
House Minority Leader Kevin McCarthy responded to Friday’s inflation data by tweeting: ‘I call on Speaker Pelosi and House Democrats to hold a prime-time hearing on the out-of-control inflation their policies have created.’
Republican National Committee Chairwoman Ronna McDaniel blamed soaring inflation on Democrats’ $1.9 trillion stimulus bill a year ago, noting that inflation has outpaced wages every month since.
‘Inflation is up and real wages are down. In Joe Biden’s America, everyday essentials are priced as luxury items and Americans are tired of paying the price for Biden’s failed agenda,’ McDaniel said in a statement. ‘The families who are struggling to put food on the table, fill their cars, and find baby formula deserve answers, yet Biden doesn’t care.’
Even Jason Furman, a top economic advisor in the Obama administration, admitted the U.S. economy is ‘not in a sustainable place right now’ due to inflation outpacing wages.
‘Right now, we’re in a bad situation where we have a lot more price inflation than wage inflation,’ he told CNBC on Friday.
‘If you tamp down on the economy, you’re going to slow price growth and you’re going to slow wage growth. I don’t have any obvious answer for which one of those slows more than the other.’