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][quote=Anonymous]Inflation is the mark of a strong rebound from the disaster left by the Trump administration. It is a global issue that our Fed, led by Trump Appointed Chairman Powell, will try to address.

The BEST way to deal with it is to pass the BBB act that has specific measures in it to deal with inflation. The GOP voted unanimously against it, despite knowing the economic benefits.

Now...who wants to keep inflation up? Biden? Nope. the GOP.[/quote]

Well, we did have this thing called a pandemic, although I suppose using your logic Trump is also responsible for all the global economic contractions in 2020, not just the US?

The economic recovery was already well underway by the time Trump left office. But you'll believe what you want to believe.

The problem is inflation. IT's as simple as that.[b] People's incomes are declining in the face of inflation[/b]. Most people don't live in Bethesda with 400k salaries. Inflation is rising faster in the US than in most countries, which does suggest there's other factors involving domestic policy that may play a role. Larry Summers was against the third rescue package as he was afraid it would stimulate inflation and it looks like he was right, and it's Biden and the Democrats who own the third rescue package in 2020. [/quote]

Wages are up significantly. Please show your notes here.[/quote]

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