Re: Todays rant

On 11/30/2024 4:13 PM, AMuzi wrote:

On 11/30/2024 2:00 PM, Catrike Ryder wrote:

On Sat, 30 Nov 2024 13:11:09 -0500, zen cycle
<funkmasterxx@hotmail.com> wrote:
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https://www.usinflationcalculator.com/inflation/current-inflation- rates/

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Yup, a hangover from the trump administration. It took Biden another two
years to fix it.
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Biden was inaugurated on 1/20/21. Inflation was 1.4%. It began going
up as soon as Biden sat down in the oval office and signed 17
executive orders. It was  4% by April, 7% by the end of the year. It
kept going up and didn't hit 9% until Biden had been President for 17
months. Biden owns the inflation.
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-- C'est bon
Soloman

 There is an argument that both administrations spent irresponsibly* but the immediate actions to suppress fuel production and transport had an immediate and drastic effect.

All the reputable articles I've read say that yes, Biden's stimulus efforts did add some to inflation; and BTW, so did Trump's stimulus checks; but that those causes had far less effect than the COVID pandemic and the invasion of Ukraine.
But I expect that nobody who voted for the Republican ticket will ever agree. As with so many other issues, many people love simplistic answers, especially if they can blame politicians they don't like.
--
- Frank Krygowski