Wrong.
The inflation was caused by them shutting down the energy production, spiking the energy prices, and deficit spending i.e. the $2T Covid package, the $1.2T Infrastructure bill, the $1.4T loan forgiveness, $800B Inflation Reduction Act, etc. They were running a $2T deficit per year the entire time.
THEY CAUSED THIS
Trump signed the $2T Covid package and the deficit increased every year under him. I’m not saying Biden or whoever is in charge didn’t continue these inflationary policies, and his energy policy also made it worse, but Trump is also responsible for a lot of the inflation. https://image.nostr.build/249f7e9bdda3ce1b3c1b541aad049b9a2622b015ce13626bfdf56ca6c99a78ea.jpg
Inflation was 1.8% when Trump left office. Over 10% under Biden, and gas prices doubled and tripled, groceries prices over 30%, etc. The point is Biden didn’t print money like a drunken sailor after he got into office, we wouldn’t have this high of inflation.
I absolutely agree that if Biden didn’t print as crazy as he did price inflation wouldn’t be as high.
My point is just that Trump should also be blamed for a lot of it, especially what happened shortly after Biden took office. The effect (price inflation), is delayed as the new money works its way through the markets. In Trump’s last year the deficit was the highest it has ever been.
You still don’t get it and I’m too lazy to repeat myself.
Fair enough, there’s probably a lot more productive stuff we could both be doing anyway
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