On 5/22/2022, speaking in South Korea before heading to Japan, asked during a stop in Seoul if Biden has a message for the country’s leader, Kim Jong Un, Biden said, “Hello.” After a couple of seconds, the president followed up with “period.” The comment comes one day after Biden said he would consider meeting with the North Korean leader if he was “sincere” and “serious” about discussions regarding Pyongyang’s nuclear program.
In South Korea, Joe Biden doubles down on eliminating fossil fuels for an all-electric future. He said that electric vehicles will save you money if you’re worried about gas prices; it’ll cost you $55k.
Joe Biden kicked off the second leg of his Asia tour in Tokyo after spending two days in South Korea. Biden held a meeting with the press after arriving in Tokyo, Japan.
On 5/22/2022, on CBS’s “Face the Nation”, Former economic advisor to the Obama administration Jason Furman slapped down Democrats’ pushing of anti-price gouging bills in Congress, saying these types of bills will not do much to bring down inflation and may even increase shortages. Furman addressed whether the Democrats’ call for a cap on price gouging would have any impact for consumers as inflation rises. “I think it is pretty gimmicky, these price gouging bills, because you know, you’ve got a lot of extra demand,” Furman said. “What happens when demand goes up? Prices go up.” He said Dems’ price gouging bills won’t help inflation, will lead to shortages. These types of bills will not do much to bring down inflation and may even increase shortages.
On 5/22/2022, CBS News poll: The number who say that the economy is bad is now the highest it’s been during the Biden administration and then recently we see people reacting to the drop in the stock market where now they’re pessimistic about both the market and maybe their retirement. Young voters, black voters, latino voters agree Biden isn’t doing enough on inflation.
On 5/22/2022, during CNN’s “State of the Union”, Brian Deese, the Director of the Biden Administration’s National Economic Council, are why the Biden administration got inflation “so wrong.” CNN’s Dana Bash played a clip of President Biden from 2021, during which he said inflation was going to “pop up a little bit and then go back down.” The program also showed another, more recent clip of Biden saying inflation was his “top domestic priority.” “How did the administration get that so wrong?” Bash asked Biden’s chief economic adviser. Deese said that “a lot of things changed over the course of the last year. We’ve dealt with a lot of unexpected challenges, as I mentioned.” He emphasized that the most important thing was that the president is taking it seriously. Bash also pressed Deese formula crisis, it’s frustrating U.S. Has to import baby formula from other countries.
On 5/19/2022, Senator James Lankford (R-OK) questioned Secretary of the Interior, Deb Haaland, about why the Biden Admin is standing in the way of US energy and mineral development when, at the same time, Lankford noted, they are calling for lower prices at the pump. During Senate Energy and Natural Resources hearing about the President’s budget proposal for the Department of the Interior for fiscal year 2023, Lankford asked Secretary Haaland about ongoing delays in the on-shore and off-shore leasing of domestic energy and minerals. On delays for permitting offshore drilling projects, Lankford asked, “When is the earliest we can actually start leasing?”
Haaland: …So, we plan to have the proposed program by June 30, and it’s another 90 plus 60, 150 days after that…
Lankford: So you’re saying by the end of this year, by December 31, at that point with that calendar, that you would be able to start leasing at that point?
Haaland: I will absolutely keep you abreast of the progress that we’re making and make sure that this Committee knows…
Lankford: So when is the deadline on it, to be able to start leasing actually, to be able to get to this point to have this process done?
Haaland: …I don’t think there is an actual deadline.
Lankford: That’s the concern actually that all of us have is that there’s actually no deadline, that the proposal to talk about it is coming on the date that it should be done and that this is going to then stretch out for the next two or three years of talking about it. And so we’re trying to figure out: when’s the deadline to start leasing?
On 5/19/2022, The House’s Democratic majority overcame some internal opposition to pass a price gouging legislation. The bill was approved along party lines in a vote of 217-207. House GOP Whip Steve Scalise said on the House floor, “If anybody is going to be sued for gouging, it should be the Gouger-in-Chief Joe Biden who has created this problem,”
https://facebook.com/HygoNewsUSA/videos/3169313140024170
Biden: EV save money if worried gas prices. Hello Period to Kim. Price gouging bills lead to shortages. Sue Gouger-in-Chief Joe Biden who has created this problem.