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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

Again and again,

There would have been inflation in the USA after Covid period! Supply chain issues and the pandemic were to blame.

But, Biden made it worse than it had to be by passing bills that pumped hundreds of billion DOLLARS into the economy that were printed out of thin air.  That devalues the existing dollars in the economy and thus worsened inflation!!! Simple economics.[/quote]

I remember Trump insisting on signing the checks.  [/quote]

Not that simple.

Trump had the Cares act in 2020 that dealt with the Covid shut downs and then in 2021 Biden has the American rescue plan which was a continuation of that. Both were needed to keep economy going.

After that the massive.[b] Infrastructure bill [/b]that was signed by Biden for 1.2 Trillion ( 500 billion as to go into investments for the future) and the 800 billion IRA by Biden that was essentially a green energy bill did. [b]It did not  to be SPENT!![/b]!!! That is 2 Trillion, TRILLION printed out of thin air.  So yeah, the spending  on these 2 bills ramped up inflation so much higher than it should have been, period.[/quote]

Yes, I guess the country could have waited another two decades for that passage. After all Congress had been trying to pass an infrastructure bill since the 90's. Who needs clean water, safe roads, safe bridges, reliable energy, climate reducing methods, and high band internet for rural areas. Nah, just wait another two to three decades. NBD[/quote]

Wrong timing. You don’t need to spend 1.2 trillion in the middle of a pandemic and when inflation is through the roof.

Hey, I want to buy a retirement house right now, but I got a kid in college now.  When he graduates in 2 years, the. I’ll buy that house when the  time so right.

So yeah, infrastructure is needed, but not in the middle of a pandemic recovery and raging inflation.

[/quote]
Oh, and you are never buying that retirement house. Never! There will never be the right time for you. Why? Because there will always be another reason. Maybe the kid wants to attend grad or professional school. Not the right time for that retirement home. The market dipped too far down or retirement portfolio not high enough. Not the right time for that retirement home. Interest rates are too high. Not the right time for that retirement home. Timing does not always get better just because you push the problems until another day. [/quote]

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