Stuart Varney on Biden’s ‘failed presidency’
FOX Business host Stuart Varney argues it’s Biden’s inflation and will be his recession as prices continue to rise.
During his latest "My Take" Thursday, "Varney & Co." host Stuart Varney discusses President Biden's "failed presidency" as he tries to shift blame to Putin's war in Ukraine for rising energy costs and inflation in the U.S.
STUART VARNEY: The president wants a gas tax holiday. Congress doesn't seem likely to grant it.
Within hours of the president's announcement, opposition rolled in from both sides.
With razor-thin majorities in the House and Senate, the Democrats have to deliver absolute unity.
They don't have it.
Where does that leave the president? He's falling back on that old stand-by: beat up the oil companies.
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Right about now, Energy Secretary Jennifer Granholm is meeting with the leaders of seven oil companies.
She will demand they produce more oil and refine more gas. I think there's a threat in there: if you don't produce, we'll hit you with windfall profit taxes.