this post was submitted on 25 Dec 2023
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Trump was literally on Twitter bullying the fed chair to not raise rates, threatening to fire him. The inflation situation is very uniquely his fault.
The inflation is caused by a conglomeration of things, and mostly not from us giving out stimulus. Trump is a clown but he didn't cause the inflation.
The inflation is supply side. That means it's caused by reduced stuff, not increased money. The Russian war caused oil to skyrocket and that caused a significant amount of the inflation.
Wrong. Just... wrong. Too wrong to care to fix. You cannot say, "it's complicated, buuuuut it's this other thing and TOTALLY not the other partt of the equation!"
You are dumb if you think it is supply side only. Purely, utterly stupid.
And he bitched about the Fed under Obama for keeping interest rates low and claimed that the real unemployment rate was like 42%.
It's not something that magically flips on or off... It's a result of market pressures. Pressure takes time to move things like markets. Trump very early on elevated the pressure, and COVID made sure the average working person was never going to match it. That's the inflation we've seen.
Inflation happens constantly because rich fucking morons designed the economy to require it in order to open their own avenues and justify their own jobs.
Not really. You keep trying to say negative things in response to positive news about "Biden's economy", type stuff. I was responding to you asking questions about inflation.
While Biden does not have his hand on some magical economy wheel, to repeatedly bring up negative things in response to positive discussion absolutely comes across as partisan gaslighting.
You are talking as if you are a partisan hack. I am talking as if I know things about the economy. We are not the same.