task0778
Diamond Member
It's hard to see the inflation problem improving much as long as Biden and the democrats are in power, cuz they won't discontinue the policies that got us here in the 1st place. Namely, too much gov't spending and too little production of good and services. IOW, the gov't has to spend a lot less and encourage more investment and innovation. The gov't under Trump and Biden pumped about $6 trillion into the economy with little extra production of good and services to show for it and that's how you get inflation. The other end of it is the supply side, and Biden's war on fossil fuels has made that commodity more expensive than it should be and delayed the return to more production in that industry. Right now this country primarily runs on oil and gas, and when that cost goes up then virtually everything goes up accordingly cuz we use trucks, trains, and planes to move stuff around the country and higher shipping costs inevitably leads to higher prices for consumers.
What I'm saying is that this country needs to return to the Trump era policies that encourage rather than discourage fossil fuel production. However, there's no way that Biden and the democrats will do that, so IMHO we're stuck with this inflation problem until Biden and the democrats are out of office. Will the next republican president do any better when it comes to overspending? I'm thinking he or she will spend a lot less than the next president would if that person is a democrat with a democrat Congress.
What I'm saying is that this country needs to return to the Trump era policies that encourage rather than discourage fossil fuel production. However, there's no way that Biden and the democrats will do that, so IMHO we're stuck with this inflation problem until Biden and the democrats are out of office. Will the next republican president do any better when it comes to overspending? I'm thinking he or she will spend a lot less than the next president would if that person is a democrat with a democrat Congress.