Jeff Bezos Blasts Biden for Blaming Gas Companies for High Pump Prices
Amazon founder Jeff Bezos ripped President Biden for blaming sky-high prices at the pump on gas station companies — accusing the commander-in-chief of either employing “misdirection” or of displaying a “deep misunderstanding” of economic fundamentals.
In a tweet on Saturday, Biden wrote: “My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril.”
“Bring down the price you are charging at the pump to reflect the cost you’re paying for the product,” the president continued. “And do it now.”
Bezos, the second richest person in the country, blasted Biden’s message in a response on Twitter later Saturday.
“Ouch. Inflation is far too important a problem for the White House to keep making statements like this,” posted Bezos, owner of the Washington Post.
Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics. https://t.co/XgKfEICZpk
— Jeff Bezos (@JeffBezos) July 3, 2022
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