• AngryRobot@lemmy.world
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    1 month ago

    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.

    • CharlesDarwin@lemmy.world
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      1 month ago

      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. 🙄

    • BarneyPiccolo@lemmy.today
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      1 month ago

      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.