South Carolina primary ends as polls close
Biden promises to cut food and gas prices
High food and gas prices and rising inflation are top concerns for many voters heading to the polls today.
Amid growing criticism of his economic policy, President Joe Biden said he had “never been more optimistic” about America.
In a speech to a friendly crowd at the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) on Tuesday, Biden highlighted his administration’s job creation achievements.
“I don’t want to hear any more of these lies about reckless spending,” he said. “We change people’s lives.”
He said his economic plan aims to strengthen the middle and working class and get billionaires and big corporations to pay their fair share of taxes. This contrasts with the policies of former President Donald Trump and “MAGA” Republicans in Congress to benefit the wealthy, Biden said.
Despite his accomplishments, Biden said there’s still a lot of work to do.
“Jobs are back, but prices are still too high,” he said. “COVID is down, but gas prices are up. Our job is not done.”
Food and gas prices will come down, Biden said, but it will take time.
He said Americans now have a choice to make, between government “by a few, for a few” or “government for all of us, democracy for all of us, economy for all of us.”
Biden said he would curb Putin’s “gas price hike.” He said gas prices had risen “because of nothing but” Russian President Vladimir Putin’s war in Ukraine.
In addition to freeing up oil reserves, Biden said he was working with European partners to get grain blocked by the Russians out of Ukraine. He said partners were working to build silos on the Ukrainian border to rail 20 million tonnes of grain stranded in Ukraine to the rest of the world market to drive down food prices.
As inflation rose, Biden said he would cut other costs “in hell or flood.”
This includes prices for insulin and other prescription drugs, preschool and childcare costs, and prices for rent, mortgages, and the internet.
He also called on Congress to pass his clean energy bill that will “immediately reduce the average cost of energy by $500 a year” and make American energy independent.
“I truly believe we’ve made extraordinary progress in laying a new foundation for our economy that becomes clear once global inflation begins to recede,” Biden said.