Originally posted by: tom
And the people are funding it through higher prices on everything
biden's temporary inflation over 4 years was 23%. So far this this year inflation is at its historical average of 2.9%..
So who raised prices?
Ca gas prices are $4; one dollar above the national average. Due to Ca restrictions Philipps is clsoing their refinery this month; which means Ca will have to import more gas and the prices will go up.
And with some of the highest electrical rates in the country electric cars are not viable either
And how is the $100+B train (years behind schedule) to nowhere going?
Biden didn't cause the inflation that occurred during his term. The rising prices were a result of the global pandemic ending and there not being enough goods or services to fill that pent up
demand not Joe Biden. And if you compare how we did compared to the rest of the world we came out better and in some cases a lot better than the rest of the first world.
The inflation we are experiencing now is the result of one man's economic polices and that person is Donald Trump.
Furthermore, if you want to compare the two inflationary periods, during the post pandemic inflation we also had robust wage growth and a massive amounts of new jobs created. Trump's polices have left us with stagnant wage growth and Herbert Hoover like job creation. Inflation is a lot more painful when your wages don't keep pace.
Why do you think Trump is hiding the PPI and other metrics something that no other President has done? He doesn't want people to know how bad the economy is. The bad news for Trump is all people have to do is go grocery shopping and look at their paycheck and they instantly know how bad things are.