Ray From Cleveland
Diamond Member
- Aug 16, 2015
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Trump was responsible for trillions of dollars to be printed and pumped into our economy. Inflation doesn't jump like a light switch it takes time to be realized in the economy. That kind of spending triggers inflation. Both Trump and Biden are responsible. If you can't admit that then you are with blind or stupid
No, I'm just more knowledgeable. When phony money is printed it immediately weakens the dollar. It doesn't take a year, two years or five years. That's because it affects trade immediately. If it takes the US five dollars to buy a bushel of corn and the dollar weakens, it then takes six dollars to buy that same bushel of corn, and of course we trade internationally every single day.
In this country the House holds the purse. All appropriation bills originate in the House. Trump only spent half his term with a Republican House. A President creates a budget, but no House has to approve of it. With threats like a government shutdown (which Trump faced) by the Democrats, he had no choice but to sign onto it because when has the media ever blamed Republicans for a government shutdown? It's always their fault.
But again, our inflation is only partly caused by overspending. Most of our inflation is caused domestically thanks to Democrat policies. Inflation does contribute to our normal inflation rate (about 2%) but it can't quadruple it in a few months time. It takes much more than govenment spending for that kind of outcome.