YoursTruly
Platinum Member
- Dec 21, 2019
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every company or business in the country uses energy, when energy prices go up they must raise prices to survive. raising prices are what is called inflation. Then the idiots in DC make it worse by deficit spending which reduces the value of every dollar--------and yes, both parties are guilty.
What you miss, or refuse to understand, is that all of the economic indicators were up and rising during Trump's 4 years and all of those same indicators are down now due to senile joe.
Inflation is simply having too much money in the economy.
I didn't miss anything. The economy was adjusting to all the new money that Obama injected into the economy. Which is part of the recovery stage, that leads to the economy boom cycle. Which is what we were in when Trump was in office.
Economic recovery stage. The boom cycle. Government injects trillions into the economy from borrowed money. Then the economic down turn starts over (the economic bust cycle)
It's been this way since 1980. Over and over and over. This time was different because of covid. So many business shut down, people off work.
The debt ceiling rose 3 times under Trump, until he eliminated it completely for 2 years.