Originally posted by: Kevin Lewis
Charles, the cost of energy is a global phenomenon, and any action the Biden or any other administration might take that affect it border on the trivial. Do this hypothetical exercise. Let's say that Biden's radical liberal sooooocialist policies have created 8% inflation, are solely responsible for it, and otherwise, inflation would be zero and everything would be unicorns and rainbows. Now factor in that the US is 5% of the world's economy.
Multiply .05 by .08.
You now have the number representing the effect of the Biden administration's maximum effect on global inflation.
Domestic supply / reserves have been derailed, through both direct and artificial constraints. I won't defend our oil/gas industry's behind- the -scenes actions, either; those guys love high energy prices. If you disagree with the assertion that the current administration has turned the spicket off and that those actions have caused significant price increases domestically, I can list a few non-partisan article links with a bunch of bar graphs and sloped lines to support it. In the end , we're just going to disagree that this administration has squelched our assorted domestic subsets of energy resources..and the resultant higher costs are being felt by consumers in a significant way..more significant than your above math problem would suggest,imo.
It's OK we disagree..we can both vote, though.
