"The Wall Street Journal" refutes previous allegations of Biden and reveals errors in White House policy

A report by the "Wall Street Journal" criticized the policy pursued by the US administration led by Democrat Joe Biden, and said that this policy led to an acceleration of high inflation in the United States.

The American newspaper report ruled out that Russia or the actions of the Russian authorities had contributed to the rise in the index in the United States.

The assessment of the Wall Street Journal came after the release of inflation data for the month of March, which showed that annual inflation recorded its highest level since December 1981.

The newspaper pointed out that on the eve of the release of the data, representatives of the White House worked to blame the rise in inflation on Russian President Vladimir Putin.

"Without a doubt, this (blaming Russia) is much more useful than admitting the error in the political path. But inflation did not wait for the invasion of Ukraine, and now it will be difficult to slow it down," the Wall Street Journal said in the report.

The newspaper supported its report with data that indicated that consumer prices in the United States began to grow long before the start of the Russian special operation in Ukraine.

She stated that "core inflation, excluding changes in food and energy prices, rose by 6.5% during the past twelve months, while services prices jumped by 4.7% in one year. This means that the trend towards a significant increase in inflation began a year ago when Joe took over Biden is president."

The best measure the Biden administration could take to fight inflation is to freeze spending on everything but defense, cut tariffs, and stop putting pressure on business, the newspaper added, but this advice runs counter to the agenda of democratic reconstruction.

Yesterday, official data showed that annual inflation in the United States accelerated further during the month of March, reaching its highest level since December 1981, mainly due to fuel prices that rose sharply as a result of the situation related to Ukraine.

Annual inflation last March reached its highest level since 1981. Last month, it recorded a level of 8.5%, compared to 7.9% in February. 

Source: TASS