Because again, no matter what the oil companies try to spin it and what the spin doctors try to say in this cycle, the root cause of inflation is the increased cost of oil and gas, The Inflation Reduction act, the ChiPs act, all of those things were just passed. The spending hasn't even started. It cannot be the cause of inflation in this cycle. And as a matter of fact, inflation is a worldwide phenomenon. Outside of the United States, other countries, Turkey has 88% inflation. (05:44–05:51)
CLAIM
Asserts that spending from the Inflation Reduction Act and the CHIPS Act has not yet begun.
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