Honestly, back in 2022 it was the one thing that absolutely enraged me: Yellen and Biden both were pretending that the very high inflation was just a temporary effect and was going to vanish quickly.
It would have been the time to call attention to the reckless spending of the Trump administration, and the direct link to high inflation a year and two years later.
Instead, they denied the problem existed, and thus inherited it.
Nk, Biden said the inflation rate was stabilized, which was true. He got tje rate down to where it was before Covid. Anyone who was expecting prices to come back down was fooling themselves. Nobody ever said prices would regress.
So much this. Biden (or his admin, I don’t really care - even if we were to Weekend At Bernie’s that shit for another whole term, I DGAF, as long as Biden was surrounded by capable people that have human emotions, unlike team taco) was trying to responsibly run this country, including the economy. Someone might take issue with the messaging or various nuances, and that’s fine.
But when certain people kept saying the economy was terrible under Biden? WTAF? And taco keeps repeating it, LOL. It’s a real up-is-down, black-is-white type of thing…while I watch things like seeing MS do mass layoffs I see taco and his admin talking about a new golden age for America. 🙄
Some inflation has been expected for a long time. For 20 years they controlled inflation with lower interest rates, until they were near zero, and there was no interest on savings accounts. Eventually that stops working, and inflation corrects. That’s what happened after Covid, along with corporate greedflation and profit-gouging.
I mean, it was, by the time Trump took office the inflation numbers were almost back to normal. They’re jumping up again because we elected someone who doesn’t care about America.
The issue is that people kept believing that inflation going down would mean prices would go down, but that’s not how any of this works.
Honestly, back in 2022 it was the one thing that absolutely enraged me: Yellen and Biden both were pretending that the very high inflation was just a temporary effect and was going to vanish quickly.
It would have been the time to call attention to the reckless spending of the Trump administration, and the direct link to high inflation a year and two years later.
Instead, they denied the problem existed, and thus inherited it.
Nk, Biden said the inflation rate was stabilized, which was true. He got tje rate down to where it was before Covid. Anyone who was expecting prices to come back down was fooling themselves. Nobody ever said prices would regress.
So much this. Biden (or his admin, I don’t really care - even if we were to Weekend At Bernie’s that shit for another whole term, I DGAF, as long as Biden was surrounded by capable people that have human emotions, unlike team taco) was trying to responsibly run this country, including the economy. Someone might take issue with the messaging or various nuances, and that’s fine.
But when certain people kept saying the economy was terrible under Biden? WTAF? And taco keeps repeating it, LOL. It’s a real up-is-down, black-is-white type of thing…while I watch things like seeing MS do mass layoffs I see taco and his admin talking about a new golden age for America. 🙄
Some inflation has been expected for a long time. For 20 years they controlled inflation with lower interest rates, until they were near zero, and there was no interest on savings accounts. Eventually that stops working, and inflation corrects. That’s what happened after Covid, along with corporate greedflation and profit-gouging.
“It’s transitory”
Liars, all.
I mean, it was, by the time Trump took office the inflation numbers were almost back to normal. They’re jumping up again because we elected someone who doesn’t care about America.
The issue is that people kept believing that inflation going down would mean prices would go down, but that’s not how any of this works.