Amazon founder Jeff Bezos criticized President Joe Biden for calling on companies running gasoline stations to lower their prices.
In a tweet on Saturday, Biden said, “this is a time of war and global peril,” as he demanded companies lower gasoline prices now at $5 per gallon in many parts of the country. High gasoline prices are one of the top drivers of inflation that is at its highest level in almost four decades.
“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,” Bezos wrote on his Twitter account.
This is a new chapter in the feud between the third richest person of the world and Biden.
Just last May Bezos pointed at Biden’s administration was misleading the public and blamed his administration for a spike in inflation.
“Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection,” Bezos responded to another Twitter post by Biden where the president said corporations should pay “their fair share” to tame inflation.
According to Reuters, on Sunday White House press secretary Karine Jean-Pierre criticized Bezos tweet and said oil prices had dropped by about $15 a barrel in the past month while prices at the pump had “barely” fallen.