I thought Conservative posts the lead post about the monthly jobs numbers? Oh, that's only when they are lower than expected. Never mind.
High oil prices are predictable given that the U.S. has been exporting more oil than Saudi Arabia and many US oil producers have cut production sharply. Production cuts worldwide have raised oil prices to $80 a barrel for the 1st time in 7 years. Blaming Biden is not the answer.
Maybe in the same way that Trump credited himself for an economy he substantially inherited and didn't screw it up, until he did.
If the trend continues, which it likely will given holiday season hiring, I suspect the poster in question will be relegated to whinging about Biden's tie color choices or how Harris didn't use a napkin properly.
The issues which affect people's daily lives are at the forefront rather than what that tweet cited. So I'm sure the rising prices and shortages are top of mind.
Dems gave Americans the Rescue Plan and the Child Tax Credit, which reduced child poverty. You’d think Dems would have messaged this wildly — but no. It’s no wonder most don’t voters were ignorant of these facts.
Biden should learn to take credit for accomplishments but he’s modest, unlike Trump, who took credit for lack of airliner crashes.
What this does is makes Joe ms claim we need to wait less and less powerful
they will claim that this is a Trump victory...watch.
inflation is the direct result of demand and the tariffs against China...and the Pandemic all wrapped up in one...it made for a bad day in paradise....demand tends to increase prices always....lumber has started to edge down in price, much to my glee.
I'm not blaming Biden.
If you can't blame one, how can you credit them?
Consumer demand, yes. Not so sure about the tariffs. The higher tariffs imposed in Sept. 2019, were cut almost in half in Feb. 2020, and China cut their retaliatory tariffs in half as well. China reduced their tariffs again in July on certain goods and in Jan. 2021.
www.forbes.com
It must irk the heck out of Trump that Biden got the infrastructure win he couldn't even get his own party to support.
I'm not completely understanding what you mean. If you are saying that Trump can't take credit for airline crashes, that are close to zero and had not happened long before Trump was president, when Biden can't take credit for things that he actually did, that doesn't make sense.
Apologies, wrong poster.
half isn't zero and they are having a massive effect on the steel industry, auto industry, etc. When tariffs are cut, they don't have an immediate affect just as if they are raised the effect isn't immediate.Consumer demand, yes. Not so sure about the tariffs. The higher tariffs imposed in Sept. 2019, were cut almost in half in Feb. 2020, and China cut their retaliatory tariffs in half as well. China reduced their tariffs again in July on certain goods and in Jan. 2021.
A major cause is government spending.
When the federal government passed the CARES Act in March 2020, there was a strong justification for doing so. For without it, the U.S. would have faced a very dark economic period, some even say a depression. Regardless, federal spending has created the largest government deficit in U.S. history. In the most recent fiscal year ending September 30, 2020, the U.S. had a $3.129 trillion budget shortfall, more than twice the $1.4 trillion deficit during the 2008 financial crisis.
Inflation Surge To Continue: Here Are 3 Reasons Why
In June and again in July, inflation rose by 5.3% on a year-over-year basis, marking the largest such increase since July 2008.
