The White House has dubbed the increase in fuel costs 'Putin's price hike,' but McConnell called that 'laugh-out-loud revisionist history.'
Notably, McConnell asserted that he fully supports the Biden administration's decision to ban Russian oil. However, he contended that the U.S. would be better able to take on Putin if inflation were not already such a major issue facing the country.
"I strongly support America stopping our purchase of Putin's war. But Democrats' own war on our production will make that even more painful for American families than it had to be," the top Senate Republican said."If the Biden administration spent 14 months not attacking inflation ... we'd be better able to push back on Putin with less painful cost to American families.
Meanwhile, economists have mixed assessments. Inflation has become a problem throughout the world, as supply-chain issues have made it difficult for distributors of various goods to keep pace with global demands. Massive government spending also appears to have complicated the issue—although economists vary on their assessment of how much the spending has impacted inflation.said Thursday during aevent.
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