Jeff Bezos calls on Biden’s new disinformation board to review his tweet about inflation 

Amazon founder Jeff Bezos asked the Biden administration’s new disinformation board to review the president’s tweet claiming growing inflation could be tamed by raising corporate taxes.

Joe Biden, who has been criticized for the 40-year high interest rate of 8.3 percent, tweeted Friday that taxing corporations more would help ease economic pressure on Americans.

‘Do you want to reduce inflation? Let’s make sure the richest companies pay their fair share,” Biden tweeted.

Bezos responded within hours, claiming that the president was confusing two separate cases that amounted only to deception and should be held accountable by the Department of Homeland Security’s disinformation board.

“The newly formed Disinformation Board should review this tweet, or maybe they should form a new Non Sequitur Board instead,” Bezos tweeted.

‘Raising corporate tax is perfectly negotiable. Taming inflation is critical to discuss. Putting them together is just deception.’

The Disinformation Council was established last month to counter the spread of disinformation in minority communities and to provide communities with tools and tools to prevent individuals from radicalizing to violence.

However, the board has been criticized for being established before the midterms of 2022, where the president’s party is expected to suffer heavy losses, and appears hypocritical as the Biden administration has been criticized for trying to turn problems in their favor.

The government had previously claimed that the war in Ukraine was fueling inflation and gas prices, despite both being significantly high before the Russian invasion.

Rather than corporate taxes, interest rates were seen as the key metric to reduce inflation.

The Federal Reserve has begun raising interest rates to slow down borrowing and spending enough to cool inflation after the peak of the pandemic.

“Inflation is way too high, and we understand the difficulties it’s causing, and we’re doing everything we can to bring it back quickly,” Fed Chair Jerome Powell said earlier this week.

In an interview with Marketplace on Thursday, he was asked what he would say to someone who will lose their job or miss a pay rise as the Fed tried to stifle inflationary spending.

“So I would say we fully understand and realize how painful inflation is, and we have the tools and the determination to bring it down to two percent, and we’re going to do that.

“I will also say that the process of bringing inflation down to two percent will also involve some pain, but in the end the most painful thing would be if we fail to tackle it and inflation settles into a high level in the economy. , and we know what that’s like.

“And those are just people losing their paycheck value to high inflation and eventually we should go through a much deeper downturn. And we really should avoid that.’

The Labor Department’s report on Wednesday said the consumer price index rose 0.3 percent in April from the previous month, up 8.3 percent from a year ago, compared to its 8.5 rise. percent in March.

The food index rose 9.4 percent from last year, the largest increase in twelve months since 1981, and the energy index rose 30.3 percent from a year ago.

Excluding volatile food and energy prices, so-called “core” inflation reached 6.3 percent in the 12 months ended April, down slightly from March’s annual rate of 6.5 percent.

But a troubling sign is that inflation is becoming more entrenched: Core prices rose 0.6 percent from March to April — twice the 0.3 percent increase from February to March.

Those increases were fueled by rising prices for airline tickets, hotel rooms and new cars. Rental costs also rose sharply.

Along with inflation, Biden has come under fire for creating the Disinformation Board, which opposes “Orwellian” and “un-American.”

Republican House leader Kevin McCarthy said on Wednesday that Democrats want to control the information Americans can access through the new administration.

“Don’t they trust Americans enough that they want to control so much of our lives?” questioned the leader of the Republican House during a news conference about the new Homeland Security board.

“We’ve watched it over and over,” McCarthy continued. “Why would they want to control the information? Because they don’t want you to know the truth.’

He claimed Democrats are trying to hide information pushed by the right, which leftists believe are all likely conspiracies. McCarthy says this also includes distractions from record high inflation and the facts surrounding COVID-19.

Republicans immediately denounced the new administration, led by so-called Russian disinformation expert Nina Jankowicz, as the dystopian “Ministry of Truth” from George Orwell’s 1984 novel.

“The President’s Department of Truth is an un-American abuse of power,” McCarthy said at a news conference with other GOP lawmakers, including pro-MAGA representatives Lauren Boebert of Colorado and Jim Jordan of Ohio.

Boebert said during the Capitol press conference on Wednesday, “Make no mistake, free speech is under attack here in America.”

The head of the board, Nina Jankowicz, has also been criticized by Republicans for a slew of previous comments that clearly demonstrated her bias against Donald Trump and her insistent now-debunked claims about ties between the former president’s campaign and Russia.

“She actively promoted information that was false,” McCarthy said of Jankowicz, claiming her new “role” is to “check information” and decide what Americans should believe is true.