No. of Recommendations: 12
Unfortunately the accumulated price increases from past untamed inflation during the Biden-Harris admin are still with us.
OK, we just had the worst pandemic in 100 years (bodies being stored in refrigerator trucks, mile long food lines, record high unemployment), a botched response by the Trump administration (let’s develop a safe and effective vaccine and then tell people to inject themselves with disinfectant and stick light bulbs up their rectums), economies crashing worldwide, supply chains shut down, greedflation, and shrinkflation.
The Biden/Harris administration was faced with a probable recession, deflation, and depression. The alternative was to pump cash into the system to save the economy with a side effect of some nasty inflation. Inflation peaked at 9.1% in June 2022. Meanwhile, our economy came raging back and is the envy of the world. In September 2024, inflation has been reduced to 2.4%. An amazing feat in a relatively short time frame.
Oh, and wages in the United States have been growing faster than inflation since January 2023. In August 2024, wages grew by 4.6% while inflation was 2.5%.
If Trump had the same record as the Biden/Harris administration, Republicans would be demanding his sculpture be put on Mt. Rushmore. But because it was a Democratic who was responsible, it’s horrible.
Bull.
Democrats are horrible on messaging. They couldn’t sell ice cubes in the Sahara.
Apparently Mike would like some deflation, possibly leading to a depression, so we can get rid of “past untamed inflation.”
Ask Herbert Hoover how that worked out.
Me, I’ll happily take Kamalanomics.
