Economy

INFLATION NATION: Biden Announces Release from Strategic Oil Reserves to Lower Surging Prices

posted by Hannity Staff - 11.25.21

The White House confirmed Tuesday its plan to release more petroleum from the nation’s strategic oil reserves to help combat skyrocketing gas prices as the nation heads into the holiday season.

“Over the last 18 months, the COVID-19 pandemic forced an unprecedented global economic shutdown. As the world is re-opening from a near economic standstill, countries across the globe are grappling with the challenges that arise as consumer demand for goods outpaces supply,” states a press release from the administration.

“But here in the United States, the economic recovery is stronger and faster than anywhere else in the world – according to the Organization for Economic Co-operation and Development, the US is the only one of the major economies to have returned to pre-pandemic gross domestic product levels – in large part due to President Biden’s American Rescue Plan, which funded and facilitated a nationwide vaccination program, provided resources to schools and small businesses to keep them open in the face of COVID waves and put money in the pockets of those hit hardest by the pandemic. As a result of the strong recovery in the United States, Americans have nearly $100 more per month in disposable income in their pockets this year, even as COVID has continued to complicate the economic recovery around the world,” adds the press release.

“The President has been working with countries across the world to address the lack of supply as the world exits the pandemic. And, as a result of President Biden’s leadership and our diplomatic efforts, this release will be taken in parallel with other major energy consuming nations including China, India, Japan, Republic of Korea and the United Kingdom. This culminates weeks of consultations with countries around the world, and we are already seeing the effect of this work on oil prices. Over the last several weeks as reports of this work became public, oil prices are down nearly 10 percent,” the statement explains.

Read the full release here.

AXELROD ON BIDEN: ‘He Either Can Cut It, Or He Can’t’

posted by Hannity Staff - 8.15.19

Democratic strategist David Axelrod weighed-in Thursday on Joe Biden’s potentially reduced campaign schedule; saying “this is bad advice” and claiming the former Vice President can “either cut it or he can’t.”

“This is bad advice. You can’t cloister the candidate and win. He either can cut it or he can’t, and the only way he can prove he can is to be an active and vigorous candidate. He’s running for president of the United States, for God’s sake!” posted Axelrod on social media.

Allies and political insiders close to Joe Biden are reportedly telling the former Vice President to scale back his campaign stops and speaking events; hoping the reduced schedule will minimize future speaking gaffes.

“Allies to Joe Biden have been floating the idea of altering the former vice president’s schedule in an effort to reduce the gaffes he has made in recent days,” reports The Hill. “The allies, growing increasingly nervous about Biden’s verbal flubs, have said it’s an approach that’s been suggested to campaign officials on the heels of the former vice president’s stumbles.”

“He needs to be a strong force on the campaign trail, but he also has to pace himself,” said one insider.

“I think you’ll see the same schedule and maybe even more Joe Biden,” one ally said. “Everyone wants to see Joe Biden be Joe Biden. If he’s held back in any way, that’s almost the antithesis of who he is.”

“I think it’s the wrong approach,” they added.

“Joe Biden has spoken his mind his entire life, which voters know and love about him,” said Biden’s deputy campaign manager. “He’s a real person, he’s authentic, and that will never change. He’s going to keep taking on Trump and making the case to voters about the stakes we face in this election, regardless of how the press chooses to cover him.”

President Trump routinely refers to Biden as “sleepy Joe.”

AXELROD: Joe Biden in Serious Danger of ‘Serially Distorting His Own Record’

posted by Hannity Staff - 9.06.19

Former senior Obama advisor David Axelrod weighed-in on Joe Biden’s recent speaking gaffes on the campaign trail this week; saying the Democratic frontrunner is in serious danger of “serially distorting his own record.”

“It’s one thing to have a well-earned rep for goofy, harmless gaffes. It’s another if you serially distort your own record. @JoeBiden is in danger of creating a more damaging meme,” posted Axelrod on social media.

Axelrod made similar comments earlier this year, saying Biden can “either cut it or he can’t” after reports the former Vice President was reducing his campaign schedule to minimize mistakes.

“This is bad advice. You can’t cloister the candidate and win. He either can cut it or he can’t, and the only way he can prove he can is to be an active and vigorous candidate. He’s running for president of the United States, for God’s sake!” posted Axelrod on social media.

Allies and political insiders close to Joe Biden are reportedly telling the former Vice President to scale back his campaign stops and speaking events; hoping the reduced schedule will minimize future speaking gaffes.

“Allies to Joe Biden have been floating the idea of altering the former vice president’s schedule in an effort to reduce the gaffes he has made in recent days,” reports The Hill. “The allies, growing increasingly nervous about Biden’s verbal flubs, have said it’s an approach that’s been suggested to campaign officials on the heels of the former vice president’s stumbles.”

“He needs to be a strong force on the campaign trail, but he also has to pace himself,” said one insider.

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