Billionaire Jeff Bezos called out President Joe Biden for America's high gas prices as they continue to climb to record numbers.
Bezos accused the Biden administration of misleading the public, saying that Biden lacks a "basic" understanding of what really drives prices to rise.
This comes after Biden tweeted an update to the nation on fuel prices.
"My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril," Biden tweeted, adding, "Bring down the price you are charging at the pump to reflect the cost you're paying for the product… and do it now."
The founder of Amazon criticized Biden saying, "Ouch. Inflation is far too important a problem for the White House to keep making statements like this."
Bezos indicated that this means that Biden either has little to no knowledge of how gas prices work or is just lying to the country.
"It's either straight ahead misdirection or a deep misunderstanding of basic market dynamics," Bezos added.
Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics. https://t.co/XgKfEICZpk
— Jeff Bezos (@JeffBezos) July 3, 2022
Earlier this week, Biden gave no insight nor relief as to when Americans can see a dip in inflation. He said that gas prices are likely to continue to rise for as long as it takes to defeat Putin.
This isn't the first time Bezos has called out Biden over his policies. In May, he said that the Biden administration has failed at bringing inflation down.
their best to add another $3.5 TRILLION to federal spending. They failed, but if they had succeeded, inflation would be even higher than it is today, and inflation today is at a 40 year high.
— Jeff Bezos (@JeffBezos) May 16, 2022
In fact, the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves. Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country. https://t.co/a8cygcunEG
— Jeff Bezos (@JeffBezos) May 15, 2022