Amazon founder Jeff Bezos believes President Joe Biden is guilty of both spreading misinformation or lacking a fundamental knowledge of economics.

Bezos levied his criticism in accordance with a tweet through which the president blamed excessive gas prices on the oil corporations — accusing them of charging customers a charge which isn’t commensurate with what gasoline is costing them.

“My message to the businesses operating gas stations and atmosphere prices at the pump is modest: this can be a time of war and world peril,” Biden wrote. “Deliver down the fee you might be charging at the pump to replicate the price you’re procuring the product. And do it now.”

My message to the businesses operating gasoline stations and atmosphere costs at the pump is inconspicuous: this is a time of warfare and global peril.

Bring down the fee you might be charging at the pump to mirror the price you’re buying the product. And do it now.

— President Biden (@POTUS) July 2, 2022

“Ouch,” wrote Bezos, in response.

In a Saturday night time tweet, the Amazon founder called out Biden for either deception or lack of expertise.

“Inflation is a ways too essential a problem for the White Home to keep making statements like this,” Bezos wrote. “It’s either straight beforehand misdirection or a deep misunderstanding of normal market dynamics.”

Ouch. Inflation is far too essential an issue for the White House to keep making statements like this. It’s either straight in advance misdirection or a deep misunderstanding of common market dynamics. https://t.co/XgKfEICZpk

— Jeff Bezos (@JeffBezos) July three, 2022

Biden and Bezos were squarely at odds when it comes to inflation considering that May. Prior to now, the Amazon founder ripped the president for arguing that elevated corporate taxes would bring down inflation.

“Raising corp taxes is ok to discuss,” Bezos wrote. “Taming inflation is important to talk about. Mushing them together is solely misdirection.”

The White House fired back — accusing Bezos of looking out for his own self-pastime.

“It doesn’t require a huge soar to figure out why probably the most wealthiest individuals on Earth opposes an economic agenda for the center classification that cuts probably the most biggest prices households face, fights inflation for the long haul, and provides to the ancient deficit discount the president is attaining by means of asking the richest taxpayers and firms to pay their fair proportion,” White Home spokesperson Andrew Bates said. “It’s additionally unsurprising this tweet comes after the president met with labor organizers, together with Amazon staff.”

The publish Jeff Bezos Trashes Biden for Blaming Gasoline Costs on Oil Firms: ‘Straight In advance Misdirection’ or a ‘Deep Misunderstanding of Common Market Dynamics’ first appeared on Mediaite.