Reply to U.S. Annual Inflation rose to 6.8% in November

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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"

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[quote=Anonymous][quote=Anonymous]

Ah, is this finally an admit that the economy isn't so great? And that we have a real inflationary problem emerging? And it's happening under the Democrats' watch? Because all you are left with in the face of overwhelming evidence is the belief that at least it isn't as bad as if it would be should the Republicans be in power.

Cool. Sure.  :roll:

We can certainly look at the major economic recovery and rebounding already well under way by the end of 2020 and into the winter of 2021 under the previous administration to know that perhaps your blind sightedness isn't justified. We can also look at the monthly inflationary rates and point to when it really started to take off - which was [b]AFTER Biden came into office[/b], and AFTER the big rescue act was passed in March 2021 feeding more public free money into every bank account. One could argue that was the pivotal moment because the economy was already well on the way to recovery, wages were already increasing, but inflation, while building, was still only mild and manageable and under the rate of income growth - all strongly suggesting more deficit spending wasn't necessary - and could even backfire.

There were certainly prominent economists like Larry Summers warning that more federal spending was bring inflationary risks with it - and it may look like he's right after all. And in that case, the fault lies squarely on the Biden administration.

[/quote]

You are missing the basic point. The inflation is happening BECAUSE there is an economic recovery BECAUSE the Biden Administration actually did something to get kids back into school and people back to work.

If Trump were still president, the wealthy would be vaccinated and everyone else would be chattel.[/quote]

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