Originally posted by: CharlesII
And it should be apolitical as your choice Kamala was intending to eliminate taxes on tips too.
Ahh, I love this one! Fast ball right down the middle, and I have a torpedo bat.
I'm an independent but completely anti-MAGA, as a MAGA, you won't understand what I'm about to say, maybe a 15-paragraph response from you?
I vote for the lesser of two evils, which means I don't have to support everything the candidate I vote for supports. Biden's immigration policy or lack of policy was a complete joke and a complete failure, but he wasn't Trump, the worst President in history. This is where my independent thinking crushes your MAGA protect him at all costs approach.
So I'll ask for the third time to explain this timeline to me, when I asked what Biden policies cause inflation, you answered and never responded to my post.
"MaxFlavor
Feb 22, 2025
12:40pm
Block User
Originally posted by: CharlesII
Oh little things like adding 8.3 trillion to the national debt. This + the Fed's easy money policy was the root casue of our 40 year record inflation and decline in real wages.. That's kind of the definition of reckless spending.
Exactly Legislation like:
American Rescue Plan 1.9 trillion.
Infrastrucure and Jobs Act 1.2 trillion.
So called Inflation Reduction Act.1.2 trillion.
American Rescue Plan helped increase the inflation rate higher than it would have been without the bill, the Cares Act was also a factor.
The inflation rate was 6.8% in November of 2021 when the Infrastructure Act was passed, it was at 2.9% in December 2024. I don't think building infrastructure is reckless, Trump sure talked a lot about it during his first term with the usual MAGA results, none.
By November of 2023, 80% of the funds were still left to be awarded.
Brooking Institue:
"Formula and direct federal spending continue to move at a steady pace, already pumping $306 billion into state coffers and direct investment projects. And like an athlete who grows into a game, competitive grantmaking is steadily increasing, with 80% of all competitive funding still left to be awarded. Just as importantly, the Biden administration has shown no flagrant political bias in splitting awards among states—certainly welcome news to the bipartisan legislators who authored the bill."
The inflation rate was 8.3% in August of 2022 when the Inflation Reduction Act was passed, it was at 2.9% in December of 2024.
As the "reckless spending" began to work it's way into the economy the inflation rate fell, your hypothesis doesn't hold up very well to a simple timeline.