Niall Ferguson, a well-known author and historian, went on record criticizing Biden for his outright refusal to take responsibility for the mistakes he has made throughout his time in office so far.
The author of over 16 books, Ferguson, was invited to appear on Fox News alongside host Brian Kilmeade, who has previously claimed that Biden only does things he thinks will give him a few political good boy points.
Ferguson then went straight into a side by side breakdown of Biden compared to former Democratic President Lyndon Johnson, “who owned failure in Vietnam so completely that he did not run for a second term which he could have done in 1968,” adding, “It is shameless of Joe Biden, and his administration to deny their responsibility for the epic inflation fail that is hurting every American household today.”
“Their attempts to blame that on Vladimir Putin are laughable or to blame it on price gouging corporations which is just economic imbecility,” he exclaimed angrily.
Back near the middle of April, Biden stated to a crowd out in North Carolina, “Putin’s invasion of Ukraine has driven up gas prices and food prices all over the world. Ukraine and Russia are the one and two largest wheat producers in the world. We’re three. They’re shut down. We saw that in yesterday’s inflation data.”
“What people don’t know is that 70% of the increase in inflation was the consequence of Putin’s Price Hike because of the impact on oil prices. Seventy percent,” stated Biden.
Back near the start of March, Biden went on the offensive against gas and oil companies in regards to the record-breaking inflation levels, snapping, “To the oil and gas companies and to the finance firms that back them: We understand Putin’s war against the people of Ukraine is causing prices to rise. We get that. That’s self-evident. But — but, but, but — it’s no excuse to exercise excessive price increases or padding profits or any kind of effort to exploit this situation or Ameri- — or American consumers — exploit them.”
Ferguson, who was previously labeled one of the 100 most influential people in the world by Time magazine, made the arguement that the trigger for this inflation spike happened much earlier than Biden wants to try and admit, stating, “This problem began right at the start of the Biden presidency with the superfluous overshoot in fiscal stimulus that led the economy to overheat in such a predictable way that a former Democratic treasury secretary Larry Summers in February 2021, just weeks after the inauguration said it was gonna be an inflation mess and here we are. They should own that.”
Ferguson even went so far as to make the dreaded comparison to the quite infamously failed tenure of Jimmy Carter as president, highlighting, “Jimmy Carter, you could have mentioned him, too. Jimmy Carter owned malaise, the inflation that occurred during his presidency.”