Stryder50
Platinum Member
The charts in your link show steady and significant increase/rising from 2008 to 2016 = the Obama years.You don't think that increased inflation a lot?
Trump presided over the biggest fake money print in US history.
Trump presided over the biggest US deficit inc in US history.
Trump presided over the biggest fake money handouts and stimulus handouts in US history.
Republicans are going to try and claim that didn't inc inflation? Of course that is going to increase inflation.
Meanwhile Biden is presiding over a massive interest rate inc, a massive FED tightening and FED balance sheet reduction, and the annual deficit has dropped from the massive $3+T/yr in 2020, down to $1.3T/yr in 2022.
This is another example of republicans trying to blame democrats for their policy failures, just like with the war in Iraq or the Bush crash.
They then show slight decline starting about 2015, Barry's last year, which continues until about March of 2020 (gray bar in fig. 1, 3,&4 which is "recessioon") = COVID lockdowns/shutdowns (mostly by Democrat state governments) which Trump and Federal government responded to will huge emergency payments and funding to the out of work citizens.
They then show that the Biden Admin. continued and grew the spending and other inflationary fiscal actions, only slightly reducing in recent months, with some notable exceptions (see Fig 4,5, &6).
However "inflation" has been on the rise for some decades now. More accurate view and gauge can be found at US Debt Clock.org. Here's the current situation;
Using that "time machine" tab in upper right corner we can go back to the numbers for this time of year(date) in some previous years.
For 2008, just before Obama is elected and takes office, National Debt (more meaningful and useful figure) is about @$10.4 trillion;
By 2016, just before Trump is elected and takes office, National Debt has nearly doubled to @$19.7+trillion!
(This is more probable source for huge inflation jump.)
By 2020, as Trump is about to exit and Biden will be elected and later take office, National Debt is at @$26.5 trillion; reflecting momentum from the Obama years continued by Congress (despite Trump's request for cuts) and especially that huge bump resulting from COVID emergency fundings of early 2020.
Now today -2023 and bare 2 1/2 years into Biden's administration, the National Debt is up to @$32.5 trillion!
Just over half way through his term, Biden has increased the National Debt by $6.0 trillion, in @ 2/12 years versus Trump's increase of @$6.8 trillion over four years and with the COVID emergency.
We can see that Biden's trend for carefree spending and debt will greatly exceed Trump's and come close to matching Obama's eight years within just four years of "effort".
The current projection for 2027, four years from now, is looking like @$43.3 trillion!
About another $16.8 trillion from when Trump left office.
Sorry Charlie, but Democrat's still hold the prize for running up Debt and Inflation.