Biden v. Bezos as President’s Confusion on Basic Economics Roils Amazon Founder

Amazon founder Jeff Bezos, a long-time supporter of Democratic candidates, doubled down Sunday on his social media sparring with President Joe Biden.

The original dust-up began Friday after a White House tweet Bezos declared to be “misdirection.” Earlier in the day, President Joe Biden posted that the way to bring down inflation is to “make sure the wealthiest corporations pay their fair share.”

Bezos apparently took offense to the suggestion, responding that raising corporate taxes and bringing inflation down are both great to discuss. However, he then added that “mushing them together is misdirection.”

The most economically illiterate among us knows corporate taxes have less than nothing to do with red-hot inflation.

Bezos also suggested the Department of Homeland Security’s new Disinformation Governance Board spring into action. He called for the president’s assertion to be fact-checked by saying the board should “review this tweet.”

Round two on Sunday followed more unhinged claims by the president on Twitter, who said the nation is on track to have its largest one-year deficit reduction ever. The Amazon founder jumped into the fray again to point out the rather obvious.

He declared that inflation hurts the poor the most and then criticized the Biden White House for trying to inject trillions more into the overheated economy

Then Bezos sprang a telling observation that will likely not be repeated at future Democratic conventions. The Amazon founder credited Sen. Joe Manchin (D-WV) with saving the party from themselves by blocking the president’s sprawling social spending plan.

This is hardly the first time Biden and Bezos have butted heads, though mostly indirectly. As a presidential candidate, Biden told an interviewer that Amazon needs to pay their taxes.

He went on to emphasize his belief that companies should not be able to avoid paying taxes while making billions of dollars.

Amazon’s indirect response pointed out that the company follows all applicable tax laws. It credited the U.S. tax code for incentivizing everything from job creation to investment and technological development through specific incentives.

The Bezos v. Biden cage match is fine for entertainment, but the issue of concern should be the increasingly unhinged statements the president is making. Mean tweets are one thing, but lacking even the most basic knowledge of economics is frightening for a chief executive.