Biden Snaps at Reporter Who Asks About the Nation Heading Toward Economic Disaster
TownhallJUL 2022
The Spin
Republican narrative
Biden isn't doing anything to help the average American bear the financial burden of record-high gas prices. A gas tax holiday is more of a campaign gimmick than a concrete effort to lower gas prices. This proposal is dead on arrival.
Democratic narrative
Major oil companies are taking advantage of the war in Ukraine and are squeezing record high profit margins at the expense of American families. A federal gas tax holiday may not be the ideal solution, but immediate action must be taken to lower gas prices. This is a good first step.
Metaculus Prediction
There's a 50% chance that US crude oil production will reach 13 million barrels per day by September 29, 2023, according to the Metaculus prediction community.
