CBS chalks up record inflation and gas prices to ‘Ukraine crisis’ — Analysis

Network accused of attempting to “cover up” for US President Joe Biden by seemingly blaming numerous ongoing crises on Russia

CBS News, an American media outlet, was criticized by a tweet or article suggesting that many US crises have arisen over the past months due to the current. “Ukraine crisis.”

“The US economy has been hit with increased gas prices, inflation, and supply-chain issues due to the Ukraine crisis,”On Tuesday, the network tweets.

According to the article, tensions are high with Russia “are already hurting” Americans’ wallets, though the report primarily focuses on the potential future costs should the escalation of tensions between Russia and the US continue, especially on energy prices.

The article states that an escalating inflation rate could lead to more supply chain problems and higher inflation. 

Many are against framing the piece in the same way that the CBS initial tweet shared it. “the Ukraine crisis,”They were problems Americans dealt with long before Biden and other administration officials began to talk about the possibility that Russia would invade Ukraine. 

Conservative filmmaker Dinesh D’Souza accused CBS in a tweetOn Wednesday, we will be trying to “cover up the failures”Biden’s administration. Others, mostly conservatives, were critical of the Biden administration. They claimed that the network was lacking integrity and being used as a scapegoat for Russia and the Ukraine crises.

CBS reported that Americans could use their computers to access the Internet. “weather”Tax credits, unemployment benefits and government stimulus payments have all contributed to price increases in the Covid epidemic. Officials at the White House have blamed many factors for increasing gas prices and supply chain problems, including a surge in demand from cities that moved out of Covid lockdowns. 

Jen Psaki, White House Press Secretary, blamed November’s increased online shopping. She said that the increased volume was partly to be blamed. “root cause”Both bottlenecked shipping ports as well as record inflation “Maybe some of it is from habits that developed during the pandemic when people weren’t leaving their homes,”She said. “Some of it is because we’ve seen an economic recovery that has been underway for the last nine months … That is leading to a massive increase in volume.”

White House points fingers at the cause of soaring prices

Psaki referred to gas prices as seasonal fluctuations in summer last year and then later, in November, said that the US needed to continue to experience an increase in gasoline prices. “double down”Save money on green energy investments to control the price of electricity. 

The Ukraine situation escalated for the Biden administration on Tuesday following Russian President Vladimir Putin’s recognition of the breakaway territories the Donetsk People’s Republic and Lugansk People’s Republic, which the US claims belong to Ukraine. Biden announced the “first tranche” of economic sanctions against Russia in response, calling the recognition announcement the “beginning of an invasion.”

Inflation in the US hit a 40-year high earlier this month, before Putin’s announcement, whereas consumer prices jumped 7.5% over the same period the year before. According to AAA, gas prices are currently at $3.54 per gallon. This is an increase from the $2.65 average a year back, when Biden was only in office for about a month. 

This story can be shared on social media



Related Articles

Back to top button