At precisely noon EST on Saturday, Biden tweeted out, "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. Bring down the price you are charging at the pump to reflect the cost you're paying for the product. And do it now."
And just 5 1/2 hours later, Chen Weihua, a columnist/bureau chief for China Daily EU, responded, "Now U.S. President finally realized that capitalism is all about exploitation. He didn't believe this before."
It's difficult to say if President Biden was attacking capitalism in his tweet, but that’s how Weihua viewed it; and that's most likely how Ric Grenell, the one-time acting Director of National Intelligence for former President Donald Trump, deemed the tweet.
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Early Sunday morning, Grenell shared a screenshot of the Biden/Weihua tweets together, before tweeting, "WARNING: The President of the United States attacks capitalism, the Chinese celebrate. (And the D.C. media do, too)."
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According to World Atlas, China operates as a socialist market economy, which is defined by state-owned enterprises and public ownership within a market economy.
China also comes second (behind the United States) in the world economy, in terms of nominal gross domestic product, with an estimated nominal GDP of $16.86 trillion in 2021.
Biden’s Saturday tweet comes quickly after he told reporters that gas prices would remain high for "as long as it takes," a reference to helping Ukraine win its war against Russia.
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That remark led to National Economic Council Director Brian Deese telling CNN that high gas prices were an essential sacrifice for bolstering "the liberal world order."
Here's a timeline of gas prices in America over the last 18 months: Right now, according to AAA, regular gasoline has an average price of $4.81.
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On Feb. 24, the first day of Russia invaded Ukraine, the U.S. average for gas was $3.54.
And back in January 2021, the final month of former President Trump's term in the White House, the average price of gas was $2.41 per gallon — with some states even reporting gas at less than $2 per gallon.
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He has often deterred the responsibility for the increasing gas prices on Russian President Vladimir Putin, calling it the "Putin's Price Hike," a term used often by the White House, despite his campaign promise to always take responsibility and not blame others.
This isn't the first time Biden has made a direct plea to "companies running gas stations," saying in a June 22 speech that "these are not normal times."
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