re: Trump says he’s going to do a ‘Play by Play’ of State of the Union

quote:

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You see, this is what I’m talking about. You know so little about economic principles and dynamics that you don’t even know that inflation is always persistent and carries over well after initial inflationary reasons subside.

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Let’s look at inflation year-by-year:

2017- 2.1%
2018- 1.9%
2019- 2.3%
2020- 1.4%
2021- 7%
2022- 6.5%
2023- 3.4%
2024- 3.1% so far

Remember that each year’s inflation is based on the prior year. Look at the exponential jump during the Biden years. During the Trump years, inflation was 7.7% cumulative. Biden’s is 20% and 2024 hasn’t even gotten rolling good yet.

Who knew that printing trillions of dollars with no goods or services rendered, as well as all of the corporate reasons would cause inflation to explode??!!??

The best part is that Biden is blaming the companies for his inflation. But then, what else would you expect from a Liberal??

Setting the record straight on Bidenomics

US inflation calculator