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Ya' gotta' love the insanity they try to get us to believe.
Ya' gotta' love the insanity they try to get us to believe.If Biden's spending caused inflation, it's curious that Trump's higher spending is continuing the drop in inflation that's been ongoing since 2022.
gas is still $3.56 / gal in my area.eggs have come down. I got gas at $2.78. core prices are slowing down to lowest level increase in 4 years. Ya you missed it
From my viewpoint, government spending levels should return to the pre-COVID levels.
I suspect that the economic situation is different between then and now.If Biden's spending caused inflation, it's curious that Trump's higher spending is continuing the drop in inflation that's been ongoing since 2022.
Dec 1, 2022 | 6.45% |
Nov 1, 2022 | 7.11% |
Oct 1, 2022 | 7.75% |
Sep 1, 2022 | 8.20% |
Aug 1, 2022 | 8.26% |
Jul 1, 2022 | 8.52% |
Jun 1, 2022 | 9.06% |
May 1, 2022 | 8.58% |
Apr 1, 2022 | 8.26% |
Mar 1, 2022 | 8.54% |
Feb 1, 2022 | 7.87% |
Jan 1, 2022 | 7.48% |
Of course. Entitlements will continue to suck us dry until we pass real reform.Trump is spending more than Biden was.
Trump is spending more than Biden was.
This has nothing to do with what was pointed, nor the point which the post raised, so its a shameless diversion from the point.
It wasn't dropping all through 2022. As you can see, it was going up the first 1/2 of that year.
Of course. Entitlements will continue to suck us dry until we pass real reform.
I wish they'd paid for them.Boomers are very protective of their benefits.
Yeah, Biden started that trend of lowering inflation rates after the fallout of Covid and supply chain issues. Let's hope Trump doesn't **** it up too much.
Was there a point I missed? Meanwhile the cost of eggs (Trump's favourite metric), has risen 49% and, contrary to Trump's lies, gas (petrol) prices are increasing, averaging $3.30.
No, inflation spiked during Biden's administration, and was decreasing during the end. But you go ahead and pretend that reality doesn't exist and that Trump's "Big Beautiful Bill" that will add almost 4 Trillion to the debt isn't going to do exactly what you're claiming Biden did.Biden did no such thing. In fact while the Fed was raising rates to combat inflation they were also fighting the Biden administration's reckless spending where they were pumping trillions of dollars into the economy even after COVID was effectively over.
I'm glad you pointed that out, as the difference between the two economic conditions was the supply chain induced constraints on available goods and services then, which aren't present now."Since when has greater government spending, more money chasing (demand increase) after the same amount of goods and services, ever decreased prices or inflation?" – eohrnberger
Except for the first 1/2 of that year during which it was increasing.I said inflation has been falling since 2022. Which it has.
Except for the first 1/2 of that year during which it was increasing.
No, inflation spiked during Biden's administration, and was decreasing during the end. But you go ahead and pretend that reality doesn't exist and that Trump's "Big Beautiful Bill" that will add almost 4 Trillion to the debt isn't going to do exactly what you're claiming Biden did.
lol
That was part of the effort of raising interest rates and such, to combat rising inflation.Comical. What specifically did the Biden administration do to help cut inflation?
And you'll get no argument from me on the current administration's reckless spending.
so much for recession.time to lower rates
rices barely climbed in April, pulling the annual rate of inflation down toward the Federal Reserve’s two percent target, even while personal income climbed at a rapid rate.Core Inflation Falls To Lowest Rate In Four Years
Over the past year, core prices are up 2.5 percent, the smallest year-over-year increase since March of 2021. | Economywww.breitbart.com
The personal consumption price index climbed 0.1 percent in April, the second month in a row in which consumers got relief from inflation that had plagued the economy throughout the Biden administration. In March, the index showed prices were flat.
Compared with a year ago, prices are up just 2.1 percent. That just one-tenth above the two percent rate of inflation the Fed says it targets. In March, prices were up 2.3 percent from a year earlier.
Core prices, a measure that excludes food and energy, also rose 0.1 percent. Over the past year, core prices are up 2.5 percent, the smallest year-over-year increase since March of 2021.
What were the extra $trillions that Biden pumped into the economy in 2021-2022? Tell me the #s & programs plzBiden did no such thing. In fact while the Fed was raising rates to combat inflation they were also fighting the Biden administration's reckless spending where they were pumping trillions of dollars into the economy even after COVID was effectively over.
That was part of the effort of raising interest rates and such, to combat rising inflation.
We saw inflation rise, we saw inflation fall during Biden's administration. We'll see if Trump ****s that up.
Comical. What specifically did the Biden administration do to help cut inflation?
Why aren't Americans spending then?
Economic Concerns Have Some Americans Setting A ‘No-buy’ Rule | Bankrate
Some Americans are fighting high prices and low wages by dramatically cutting down their discretionary spending.www.bankrate.com
T
Indeed, the problem with this is that if Americans aren't feeling it, they don't believe it and it becomes a self-fulfilling prophecy.
What were the extra $trillions that Biden added to Trump's budget?Biden had zero to do with raising rates. That was Powell and the Fed. The Fed meanwhile was fighting a two headed monster. Supply chain constraints and a government pumping trillions of stimulus into the system resulting in too many dollars chasing too few goods. Ground zero for inflation.
If Biden was just a little bit less reckless with his economic policies we'd probably be at least a year ahead of schedule in the inflation fight. Of course the flip side is we would have had weaker economic growth and a lower stock market. Pick your poison.
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