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re: Biden claimed on Wednesday that inflation was “skyrocketing” when he took office

Posted on 4/12/24 at 9:14 am to
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
262334 posts
Posted on 4/12/24 at 9:14 am to
quote:


But it wasn’t.


It absolutely was.

Our inflation came from pouring trillions into an economy that was shut down.
Posted by BBONDS25
Member since Mar 2008
48801 posts
Posted on 4/12/24 at 9:18 am to
quote:

It absolutely was. Our inflation came from pouring trillions into an economy that was shut down.


98% or so of elected officials in Washington were for that spending. Monday morning QB or all 98% are arse holes? DeSantis also praised the spending. Is he an a-hole too?
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
40399 posts
Posted on 4/12/24 at 10:35 am to
quote:

But it wasn’t.

It absolutely was.


It’s nearly impossible to discuss this with you and Ron because you’ll all have a fundamental misunderstanding of what went on.

You were conflating normal spending bills with outsized stimulus bills.

Trump’s trillion dollar normal spending bills did not kick off inflation.

The massive Covid PPP loan bill did contribute to it, which never would have been proposed had there been no Covid.

So if you take out that outlier, no Trump did not kick off inflation. Covid kicked off inflation.
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