Biden seems to have a brand new excuse for prime inflation charges after blaming Russian president Vladimir Putin for the previous two years.
Joe Biden now says inflation is excessive and costs skyrocketed this previous 12 months as a result of automobiles are costly….
And automobiles had been costly this previous 12 months as a result of the US authorities hadn’t but nationalized the pc chip trade.
“I signed the CHIPS and Science Act. A groundbreaking regulation! We’ll as soon as once more manufacture semiconductor chips that energy every single day issues…” Biden stated in a Labor Day speech in Milwaukee.
“The rationale why, this final 12 months inflation was so excessive, you realize the most important cause? Price of cars!” Biden stated.
“You realize why they price a lot? They didn’t have the pc chips to make the cars,” he stated.
VIDEO:
Biden’s newest inflation excuse: Costs are skyrocketing as a result of automobiles are costly as a result of final 12 months Washington hadn’t but nationalized the pc chip trade pic.twitter.com/ATbRM6eWoe
— Tom Elliott (@tomselliott) September 5, 2022
Biden final month signed the CHIPS and Science Act of 2022 which can allocate greater than $50 billion in federal funding to fabricate semiconductor chips within the US.
