Biden appears to have a brand-new reason for high inflation rates after blaming Russian president Vladimir Putin for the previous 2 years.
Joe Biden now states inflation is high and rates escalated this previous year since cars and trucks are pricey …
And vehicles were pricey this previous year due to the fact that the United States federal government had not yet nationalized the computer system chip market.
” I signed the CHIPS and Science Act. A cutting-edge law! We’ll as soon as again produce semiconductor chips that power every day things …” Biden stated in a Labor Day speech in Milwaukee.
” The reason that, this in 2015 inflation was so high, you understand the greatest factor? Expense of cars!” Biden stated.
” You understand why they cost a lot? They didn’t have the computer system chips to make the cars,” he stated.
VIDEO:
Biden’s newest inflation reason: Prices are escalating due to the fact that cars and trucks are costly due to the fact that in 2015 Washington had not yet nationalized the computer system chip market pic.twitter.com/ATbRM6eWoe
— Tom Elliott (@tomselliott) September 5, 2022
Biden last month signed the CHIPS and Science Act of 2022 which will designate more than $50 billion in federal financing to produce semiconductor chips in the United States.
The post Biden’s Latest Excuse For Skyrocketing Prices: Cars Were Expensive This Past Year Because the United States Government Hadn’t Yet Nationalized Computer Chip Industry (VIDEO) appeared initially on The Gateway Pundit
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