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Biden CRACKS Under Pressure

by Market FinancePosted onNovember 17, 2021November 17, 2021

Will Biden actually do this?

From the moment Biden took office, he has been going against everything economists have told him not to do and because of his actions America is facing a number of issues. Inflation is soaring, gas is at an all time high, and trillions of dollars are being spent.

Now, economist have warned President Biden NOT to tap into the nation’s Strategic Petroleum Reserve which holds around 620 million barrels of oil to decrease gas prices.

Biden, for the most part, appeared as though he was listening to economist because they warned it would only solve the high gas prices problem temporarily but now he might not listen to their advice.

According to Fox Business, Senate Majority Leader Chuck Schumer along with a long list of other Democrats are demanding Biden tap into our emergency reserve to lower gas prices and Biden might listen.

“In light of these pressing concerns, we ask that you consider all tools available at your disposal to lower US gasoline prices. This includes a release from the Strategic Petroleum Reserve and a ban on crude oil exports,” a letter by Schumer and others asked Biden.

It’s important to remember top economists have warned Biden not to do this. Only time will tell if Biden breaks under the Democratic pressure.

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Published by Market Finance

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