Blast Off! Inflation Takes Off 3.3%

Back again after a quick shower. All your points are from MAGA 2021, yet if you look at the numbers inflation went down. MAGA fails again. Increased spending did not increase inflation; the historical numbers are there. Thoughts?

Tom, etc. bleating about high inflation during a PORTION of Biden's term while ignoring that it was reduced, or reduced itself by magic, by the end of his term--that's fundamentally dishonest. Tom realizes this--we've all schooled him on it multiple times.

But comparing the numbers between two wildly different four-year periods doesn't prove anything anyway. It's GIGO. The only valid consideration is that the high inflation during the first two years of Biden's term was WORLDWIDE. Therefore, was it in fact "high"? No! It was actually LOWER than the G-7 average.

Now, let's take a look at the current Trumpflation. 3.3% and rising. How does that compare to G-7 inflation currently?

Projected inflation for 2026 is 4.2% for the US. It is 4.0% for the UK. The remaining five nations have projected inflation under 3%. So we have and will have the highest inflation among the G-7 nations. During the entirety of Biden's term, we had lower than average inflation compared to G-7, and for 29 of those months, we had the lowest inflation.

The deficit during Trump's first term was $8.1T; the deficit during Biden's four year term was $7T.  Yet, Biden's spending was inflationary and Trump's was not????  Tom's orthodox has overcome his logic.  

 You conviently over looked  the fact that President Trump had full blown Covid to deal with, the resulting shut down of the economy and the government assistance that Prsident Trump implementated to get the economy back on track. 

You always tell us that government overspending caused the Biden inflation--yet Trump spent more than Biden.  The reason for the spending is irrelevant to the inflation allegation.  

I notice that you never say "President Biden." Proper etiquette would be to refer to ALL past or present Presidents by using the title of the office. But of course, that's how you show your slobbering fealty to Trump and your disdain for Biden.

Trump didn't do jack shit to get the US economy "back on track." He told everyone to drink bleach and take horse tranquilizers; the result was that we had double the death rate of the rest of the industrialized world. Our economy suffered because of his stupidity and incompetence in dealing with the pandemic.

Those are the components of IRA; so which of those reduced inflation?

None! I already said that. Which ones increased inflation? None!

So tell me tom, did the IRA increase inflation?