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Joe Biden has been blasted by Jeff Bezos and China for pleading with gas companies to lower their prices to help inflation-battered American.
The president tweeted Saturday: ‘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. And do it now.’
The tweet came amid the July 4th holiday weekend where Americans are paying an average of $4.822 for gas.
It was criticized by Amazon founder Jeff Bezos, and even a Chinese government worker who accused the president of undermining the very capitalist principles on which the US economy is founded.
Bezos said: ‘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.’
Biden found apparent support from Chinese state media reporter Chen Weihua.
The communist mouthpiece sent a sarcastic tweet highlighting how Biden was seeking to undermine the principles of supply and demand which dictate prices in a free-market economy like that of the United States.
Weihua tweeted: ‘Now US President finally realized that capitalism is all about exploitation. He didn’t believe this before.’
The reporter tweeted something similar to Biden in 2021 when he responded to the president’s tweet that read: ‘Let me be clear: capitalism without competition isn’t capitalism. It’s exploitation.’
Weihua wrote then: ‘Capitalism is all about exploitation. Period.’