Blame Congress, not companies, for staggering inflation
Observers had mixed reactions to yesterday’s announcement that inflation rose 7 percent last year. It all depended on where they fell on the ideological spectrum. President Joe Biden attempted to spin the report, saying that gas and fuel price growth was starting to slow, while acknowledging that more work needed to be done. He’d previously blamed rising inflation on used car prices and supply chain issues, swearing that increased government spending had nothing to do with it. The White House also compared America's Consumer Price Index report to indices in other countries, calling inflation a global phenomenon. Other Democrats blamed big business for the inflation jump.
