Joe Biden’s economic policies, mainly driven by excessive spending and the Green New Deal climate change agenda, are the origins of massive inflation.
In an effort to diminish the outcomes of his energy policy, the Biden administration has been releasing oil from the Strategic Petroleum Reserve, in an effort to curb gasoline prices. However, that process is about to end as the SPR is becoming dangerously low and will need to be replaced (more spending).
When asked about the current status of inflation during a CBS interview, Biden responds by saying it could be worse, citing the last two months where the SPR spigot has been running at maximum release. WATCH (48 seconds):