I mean it was doing well vs what was given to them. Its still flabbergasts me the comments of trump for the economy and that biden caused inflation. Inflation started being unusually high in april 2021 and biden took office in january. He did not cause the inflation from 3 months as president. I mean if our system of government needs to run on narratives and not actual truth then I guess trump is the least of our problems.
The inflation stemmed from pandemic-justified price gouging on groceries and private equity purchases of rental properties. Government absolutely could have addressed this- even just continuing pandemic level food stamps would have helped immensely, but Biden ended it.
Biden pushed to take money and support away from people so he could declare the pandemic was over.
No its not. Interest rates do effect inflation and they are supposed to be lowered due to economic pressures but trump brought them to zero after obama got them back to 3 or 4 percent and he did this before covid. Thus when covid hit lowering rates was not something else they could do. continuing food stamps would help people but would certainly have increased inflation. Now given that interest rates are not the only reason and price gouging was certainly part of it and possibly the major part. They did take action on that though by going after the gouging which is action that tames inflation rather than exacerbates it. He could not have made better moves in realtion to inflation while trump could not have made worse ones.
I mean it was doing well vs what was given to them. Its still flabbergasts me the comments of trump for the economy and that biden caused inflation. Inflation started being unusually high in april 2021 and biden took office in january. He did not cause the inflation from 3 months as president. I mean if our system of government needs to run on narratives and not actual truth then I guess trump is the least of our problems.
The inflation stemmed from pandemic-justified price gouging on groceries and private equity purchases of rental properties. Government absolutely could have addressed this- even just continuing pandemic level food stamps would have helped immensely, but Biden ended it.
Biden pushed to take money and support away from people so he could declare the pandemic was over.
That’s truth. Recognize it.
No its not. Interest rates do effect inflation and they are supposed to be lowered due to economic pressures but trump brought them to zero after obama got them back to 3 or 4 percent and he did this before covid. Thus when covid hit lowering rates was not something else they could do. continuing food stamps would help people but would certainly have increased inflation. Now given that interest rates are not the only reason and price gouging was certainly part of it and possibly the major part. They did take action on that though by going after the gouging which is action that tames inflation rather than exacerbates it. He could not have made better moves in realtion to inflation while trump could not have made worse ones.