Bezos Rekindles Inflation Feud Biden, Says President Misleads or Misunderstands Market – GeekWire

The inflation debate between President Biden and Amazon founder Jeff Bezos began in May. (Official White House photo by Adam Schultz and GeekWire file photo)

Jeff Bezos called out President Joe Biden for telling gas station owners to cut prices — saying the president’s statement was “either a direct deception or a profound misunderstanding of fundamental market dynamics.”

The Amazon founder’s tweet called inflation “way too important a problem for the White House to continue making such statements.”

The salvo promises to reinvigorate a debate that began in May between Bezos and Biden.

Bezos sent the tweet Saturday night, in response to a message posted earlier in the day to President Biden’s Twitter account urging gas station owners to lower their prices to reflect their costs.

It’s the latest example of Bezos getting louder on Twitter, a platform that rival billionaire Elon Musk may eventually acquire.

Bezos’ tweets traditionally go through Amazon’s communications team, but the evening tweet over a holiday weekend is the latest indication that he is also freestyled on social media in some cases.

Bezos stepped down as CEO of Amazon last year, but remains executive chairman.

Jay Carney, Amazon’s senior vice president for global business affairs, served as communications director for then-Vice President Biden before serving as White House press secretary for President Obama from 2011 to 2014.

Despite that history, relations between the Biden government and Amazon are tense, as evidenced by the president receiving Amazon’s union leader Christian Smalls at the Oval Office in May. Biden also mentioned Amazon in April, emphasizing workers’ rights to unions, saying, “By the way, Amazon here we come.”

The Wall Street Journal reported in March that Carney sent “a series of frustrated messages to White House Chief of Staff Ron Klain about alleged disregard for Amazon,” citing anonymous people familiar with the messages.

The fight over inflation started in mid-May, when Biden tweeted, “Do you want to reduce inflation? Let’s make sure the richest companies pay their fair share.”

Bezos tweeted: “The newly created Disinformation Board should review this tweet, or maybe they should form a new Non Sequitur Board instead. Raising the corporate tax is fine to discuss. Taming inflation is critical to discuss. Putting them together is just deception.”

After the White House attributed Bezos’ criticisms to his status as “one of the richest individuals on Earth” and to Biden’s support of Amazon’s union organizers, Bezos again called the White House for deception.