Biden Admits Inflation ‘Too High’ but Deflects Blame, Scolds Businesses

President Joe Biden admitted during a press conference on Nov. 27 that inflation is “too high” but appeared to shift the blame on companies he accused of price gouging. President Biden made the comments during a press conference at the White House during which he touted his administration’s efforts to strengthen the supply chain and lower costs for American families. “Today, our supply chains are stronger than ever, with backlogs, bottlenecks, and shipping rates at a 25-year low. We’ve created 14 million new jobs, including 800,000 manufacturing jobs,” he said. “The unemployment rate has stayed below 4 percent for the longest period—the longest stretch in over 50 years. And wages for working families have gone up while inflation has come down 65 percent—giving families a little more money in their pockets and a little more breathing room this holiday season.”...