Joe Biden has taken a blowtorch to the American economy.
He blew his chance to have a roaring bounceback coming out of the pandemic.
Now Biden resorted to an embarrassing solution because of his energy crisis.
Joe Biden and his Fake News Media allies are struggling to find a winning narrative regarding inflation, the worst since 1982.
Gas price increases have been particularly damaging for everyday Americans.
That’s one of the reasons why Biden’s approval numbers are hovering around 40%, which is disastrous for the Democrats heading into the midterms.
So Biden resorted to a stopgap solution of allowing more ethanol use, which won’t make much of a dent in the price of gas.
Fox Business reported that “President Biden on Tuesday is set to announce that the Environmental Protection Agency will allow E15 gasoline – gasoline that uses a 15% ethanol blend – to be sold in the United States this summer in an effort to expand Americans’ access to affordable fuel supply amid the surge in gas prices across the nation. The EPA is set to issue a national emergency waiver. Without the action, the White House said E15 cannot be used in most of the country from June 1 to September 15. The EPA is expected to take final action to issue the emergency waiver closer to June 1.”
The EPA typically bans E15 gas in the summer months because its higher volatility produces more smog.
So the “green” Biden administration is turning to ethanol in hopes of scoring a short-term political win.
Also, ethanol is less efficient, which means that people will simply have to fill up more frequently.
The Biden administration has also pivoted back to the laughable “Putin’s price hike” rhetoric that has already been torpedoed by people on the Left.
Former top Obama adviser David Axelrod said, “Why not . . . just be blunt with people? […] But then now they’ve over-corrected and so for a few days he was saying, you know, everything is ‘Putin’s price hikes. Inflation is Putin’s fault.’ People don’t believe that, either. They know that we had inflation before this. They know that gas prices were high before this. So they haven’t dialed this in quite right yet. You can’t blame everything in the economy on Putin.”
It’s amazing that Biden is doing everything he can except the one thing that will help, which is remove regulations and ramp up American oil production.
Biden’s folly is going to doom the Democrats in the midterms.
Stay tuned to Right News Wire for any updates to this ongoing story.