Jeff Bezos Slams Biden Over Gas Prices

We all know the world’s richest man Elon Musk isn’t a fan of Biden but now the world’s second-richest man is calling out Biden too.

Founder of Amazon Jeff Bezos took to Twitter to debunk Biden’s claims that it’s gas stations’ fault for the current gas prices.

In response to Biden’s tweet that gas station should bring down their prices due to the world being in war and peril Bezos replied by saying “Ouch. Inflation is far too important a problem for the White House to keep making statements like this.”

Here’s the tweet:

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

Fox Business had more on the story:

After President Joe Biden called on companies running gas stations to lower the price of gas, Jeff Bezos accused the U.S. president of misleading the public or said he lacked a “basic” understanding of the forces that actually drive prices.

“Ouch. Inflation is far too important a problem for the White House to keep making statements like this,” Bezos said in a tweet Saturday evening.

In the initial tweet, Biden made a direct appeal to gas stations and encouraged them to simply charge less for gasoline.

“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,” Biden said Saturday morning.

Even Jeff Bezos Is Dragging Joe Biden Now https://t.co/LwhfpBJa1O

— RedState (@RedState) July 3, 2022

Red State had these details to report:

On Saturday, Joe Biden found a new target to blame for rising gas prices. After spending months blaming Vladimir Putin and the oil companies, it was now time for gas stations to take a turn. The president unleashed a threatening statement, proclaiming this a “time of war and global peril,” demanding prices be lowered.

The economic ignorance on display was simply breathtaking.

You don’t have to be the President of the United States to understand that gas stations make very little off a gallon of gas. Their margins often come in at just a few cents, with them making most of their money on convenience store items. I thought that was common knowledge, but no assumption is safe when dealing with Biden.

Gas stations are also often locally owned, and even if they aren’t, they are at the mercy of the cost of supply. Contrary to the president’s attempt to make it seem like big corporations are colluding to raise prices, there is actually heavy competition that prevents such. It would be impossible for all the different owners of gas stations to secretly collude to keep prices high because there would always be one station willing to go down by five cents just a quarter-mile down the road.

When you lose liberal billionaire/Washington Post owner Jeff Bezos, you have lost the ideological War.
If the Biden administration is out of touch with Billionaires, imagine how the average American worker feels… https://t.co/Dblfsg8Xys

— Rob Schneider (@RobSchneider) July 3, 2022