Lame excuse Trumps inflation was 2% and we had covid. Biden drove up oil costs by suppressing production below demand and spent trillions in debt based money which took inflations from 1.4% to 9.1% in one years. The American Rescue plan was never needed GDP was 6.4%. Democrats tried to buy votes and the 1200 we got cost 5000 in inflation each year. More Biden democrat stupidity. He tried to manilutale us and it exploded in his face
So delusional. First, Trump, inflation, and Covid. Yes, inflation was around two percent, because EVERYONE WAS STAYING HOME. Gas was cheap because no one was traveling. Flipping oil went NEGATIVE. You could get paid to take it if you had storage capacity. And although unemployment was through the roof, thousands of businesses closed, real incomes for working Americans WENT UP. The only time that has ever happened in the history of the country, and it was due to those massive stimulus checks and that ridiculous unemployment additional payment.
I mean you could see it coming. Spending was down, savings were up, incomes were up, once the Covid thing kind of broke all hell let loose, spending came roaring back, and yes, inflation spiked. I mean come on, inflation is merely the cost of money. Don't need no money when you ain't going anywhere, not going to work, not taking vacations, eating out, or spending on entertainment. Demand for those dollars was low. The cost was cheap.
And the debt based money. As I said back then, when inflation first started ramping up, three out of four of these "debt dollars" came from the Trump administration. I mean look at this chart.
Graph and download economic data for Federal government budget surplus or deficit (-) (M318501Q027NBEA) from Q3 1959 to Q4 2024 about budget, federal, government, GDP, and USA.
fred.stlouisfed.org
Second quarter of 2020. Trump is president. In one quarter, one quarter,he dumped TWO TRILLION fresh dollars into the economy. The following next two quarters he dumped in almost a trillion more. Of course that impacted inflation in future quarters.
Then the oil bullshit, stifling production was he? Then how come he produced more oil than Trump did his first term? And did not Trump, in his first term, get OPEC to "stifle production"? Why yes, yes he did. I mean it is all a damn myth. Oil production was up under Biden. Natural Gas production was WAY up under Biden. Total energy production is up under Biden. Meanwhile, how are those gas prices doing today?
And finally, crime. Here again, you live in some alternative universe. Crime fell under Biden, violent crime fell, property crime fell. Now, well Republicans want to complain about how the numbers are calculated. But the reality is, crime has fallen, rather it continues to do so remains to be seen.