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Reply to "Harris Walz interview w CNN"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Dana Bash: "You've been VP for 3 and a half years. Why didn't you do this?" Kamala: "We brought inflation down" She's a walking Trump ad.[/quote] Inorder to bring inflation down you would need deflation. We haven't had deflation recently.[/quote] they brought down the rate of inflation which means prices are rising at a lower rate. It is now 2.9% which is getting closer to fed target of 2%.[/quote] Hmmmm, Harris/Biden did not do a darn thing to bring down inflation! Nothing! What did they do? What? The person who brought down inflation was the Fed. By raising interest rates and cooling down the economy. The inflation rate, although better now, should have been even lower if Biden did not spend like crazy past few years and print and devalue the dollar. One example is printing $800 billion for the IRA that did NOT need to be spent at the time. Even if the inflation rate now is 2-3%. The prices are Still rising!!!!! The prices are not going down and the previous years of 5-9% inflation are still priced into you cost of milk, eggs, wood, housing products. [/quote] For those who are actually interested in policy and economics, rather than reflexively slinging mud at their less preferred candidate, academics say that neither Trump nor Biden was really to blame for inflation. https://www.cnbc.com/2024/07/11/high-inflation-is-largely-not-bidens-or-trumps-fault-economists-say.html ‘Neither Trump nor Biden is to blame’ Global events beyond Trump’s or Biden’s control wreaked havoc on supply and demand dynamics in the U.S. economy, fueling higher prices, economists said. There were other factors, too.The Federal Reserve, which acts independently from the Oval Office, was slow to act to contain hot inflation, for example. Some Biden and Trump policies such as pandemic relief packages also likely played a role, as might have so-called greedflation.[/quote]
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