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re: CPI numbers still hot inflation
Posted on 4/10/24 at 9:30 am to Wishing Well
Posted on 4/10/24 at 9:30 am to Wishing Well
quote:
According to SloFlow.......all Trump's fault.
Nope.
We pushed major inflationary policy following the 2009 Great Recession with QE/ZIRP, to prop up assets/wealth. This began years before Trump got into office. Trump did continue these policies, and while he burst the bubble with Covid spending, Biden did his own Covid spending.
The scary part is figuring out just when we started feeling Biden's spending, if we have felt it yet.
So GWB, Obama, Trump, and Biden all have fault in the matter, as well as their respective Treasury Secretaries and other finance-related appointed bureaucrats.
1
Posted on 4/10/24 at 9:40 am to SlowFlowPro
quote:I would push it back even further. All the way to FDR.
So GWB, Obama, Trump, and Biden all have fault in the matter, as well as their respective Treasury Secretaries and other finance-related appointed bureaucrats.
Our government, and Americans by extension, have become completely unmoored from the idea that a government can spend too much.
That said. There's no getting around that the combination of 2 years of completely idiotic shut downs extended almost exclusively due to liberals coupled with Biden dropping billions like candy in such a short period are magnifying the problem
Yes. I will include what Trump did in terms of recovery spending too but sheesh, the Dems showed up and basically laughed off what Trump did as pennies.
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