(CNSNews.com) – Inflation is “the chosen policy of the Democratic Party” because they rammed through trillion dollar spending bills and demonized domestic energy producers, Rep. Mike Gallagher (R-Wis.) said on Friday.
Saudi Arabia said Wednesday that the Biden administration tried to convince the Saudi government to postpone its decision to cut 2 million barrels of oil a day until a month after the mid-term election.
“The Government of the Kingdom clarified through its continuous consultation with the US Administration that all economic analyses indicate that postponing the OPEC+ decision for a month, according to what has been suggested, would have had negative economic consequences,” the statement read.
On Tuesday, President Biden said there would be “consequences” for Saudi Arabia’s decision.
Gallagher called Biden’s back and forth with Saudi Arabia “embarrassing.”
“It just shows this administration can't get a sense of who our friends are and who enemies are in Middle East, and it makes us look very weak on the world stage, but we shouldn’t be surprised. I mean this is the same administration that’s been cynically releasing resources from the Strategic Petroleum Reserves designed to buy votes for the midterms, but the reality here that is the Saudis aren't afraid of Biden's bluster or being scolded by Tony Blinken,” he told Fox Business’ “Mornings with Maria Bartiromo.”
“They’re afraid of lifting sanctions on Venezuela. They’re afraid of us unleashing the power of domestic energy production, and that fear caused them to take a much different approach under the Obama and Trump administrations - a market share approach as opposed to a price management approach, and that’s really quite frankly why Biden is struggling with so much with rampant inflation, much more than Obama did his energy policies are far more radical than Obama's, if you can believe it, which kind of gets to the bigger point here,” he said.
“Inflation is a policy choice. It’s the chosen policy of the Democratic Party. Inflation is what happens when you ram through trillion dollar spending bills, when you demonize domestic energy producers, when you try and squeeze out their capital with crazy ESG narratives. That is a policy choice, and hardworking Wisconsinites in my district are dealing with that very inept policy choice by the Biden administration,” the congressman said.
Gallagher said the solution to inflation is domestic energy production.
“It’s to stop demonizing domestic energy producers, and that’s what the Biden administration is doing. They’re blaming domestic producers as the president is going all over the world, begging Venezuela, begging Saudi Arabia. He’s not going to Texas. He’s not going to Louisiana. He’s not going to domestic producers to ask them to ramp up production, because he is beholden to John Kerry, AOC and the radical Green New Deal wing of the party,” Gallagher said.
“It’s undermining our broader foreign policy as you alluded to. It’s a massive gift to Vladimir Putin. It’s the weak link in our entire strategy vis-a-vis Ukraine and Russia right now, so they need to change course,” the congressman said.
“Otherwise, we are going to be in very difficult situation, and in the Middle East we've seen time and again, as I started, if you don't have a good sense of friends and enemies, if you don't build off the framework of the Abraham Accords, which unites the Suni Arab gulf states with the Israelis in order to counter Iran, and if you don't have a sensible energy policy, you cannot have a coherent policy more broadly,” he said.
Gallagher said that “you can't underestimate how big of a blunder it was for the administration to come in and try and resuscitate the lifeless corps of the joint comprehensive plan of action or the Iran deal, which of course, you know. the long pull in the tent for all our allies in the region, the shared threat they all face is that of Iran, and this administration has been desperate, desperate to get a deal with Iran.
“They’re willing to accept almost anything. It’s actually the that hard-liners in Iran who won't take yes for an answer at this point right now, and that is a huge, huge mistake, which is another reason why this relationship with Saudi Arabia has deteriorated so, so quickly, and that’s bad for American foreign policy and American national security,” he said.
Gallagher was asked whether it’s collusion when a U.S. president asks a foreign entity to change its policy because we have an election coming up.
As Republicans argued when Democrats made these accusations against President Trump, the president does have enormous latitude when it comes to foreign policy. Obviously, we need to know more about the specifics before we run sort of with a collusion narrative, but I do think it raises serious concerns about the basic competency of this administration when it comes to foreign policy.
As we’ve just been talking about, they don't seem to understand how energy markets work. They don't seem to understand how to do basic alliance management. They don't understand the basic alliance structure in the Middle East, and the thing is, what are we seeing throughout the Middle East?
It’s not just that traditional allies are growing wary of Biden administration. It’s that China coming in to fill the voided where we are opening up opportunities. China is playing a global game right now. They’re playing global chess while we are barely playing checkers, and that’s a huge problem.