A lot of our inflation problems can be blamed on the President. Inflation happens when Covid levels of government spending do not cease. Said spending is also artificially propping up our economy, just like China.
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Really now, so you mean the 3-4 trillion dollar deficits under Trump which have been reduced to 1-2 trillion is an example of covid-19 levels if pending not ceasing? I'm curious where the issue with your math is.
None of the Inflation problems can be laid on Biden, that is an old and tired argument your side failed at some time ago.
You can blame Trump or Covid or whatever for that initial spike in 2020, but keeping it that high for 2021 and beyond is all Biden.
https://www.crfb.org/sites/default/f...et%20chart.jpg
a 20% jump in debt as a percentage of GDP in a single year isn't Trump so much causing a spike in our fiscal insecurity, as setting fire to any concept of fiscal discipline. That after massively irresponsible tax cuts that precipitated the ongoing deficits. Great job GOP.
Biden decreased year over year deficits by 1/2, that you can thank the Democrats for.
So.. what happened in 2020? Oh yea, Covid.
That was the cause of the jump from 2019 to 2020.
So what is the cause of the increased spending in 2021, 2022, 2023 and now 2024?
It's not covid spending..
I don't blame President Biden mind you.. I'm not sure he even knows much of anything going on.
But his administration is spending like you would if your EBT card was suddenly full of money.
The single mom who found Ashley Biden's diary in a hotel room and sold it to Veritas, was sentenced yesterday.
Seems like that was indeed Ashley Biden's diary.
The economy is fucking awesome!
Maybe it's because we have unqualified people working in the banking system that swear up and down about how great things are?Quote:
Stock market today: Dow plunges 470 points as US stocks tumble on hot inflation report
I'm 100% sure things will improve once these people are replaced with AI.