re: Inflation Outpacing Wage Growth For Over 40% Of Americans

Exactly. Stop enjoying your lives goddamn it!

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Remind the class

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Let’s see what ChatGPT has to say…

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1. American Rescue Plan Act (ARP, March 2021)
• Designed as emergency fiscal stimulus to support households, state and local governments, and vaccine rollout.
• A study by the San Francisco Fed estimated that U.S. fiscal aid may have raised core inflation by about 3 percentage points by the end of 2021—placing ARP squarely in that group of stimulus measures linked to rising inflation
• Economist Larry Summers and others warned of rising inflation odds tied to the sheer scale of spending

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2. Inflation Reduction Act (IRA, August 2022)
• Despite its name, the law primarily focused on long-term investments in climate, energy, health care, and tax reform—not immediate price relief.
• CBO and independent analysts concluded the IRA would have little to no immediate effect on inflation, with most benefits unfolding in future years
• Critics argue the subsidized green building codes, natural gas taxes, and electric vehicle credits indirectly raised certain costs, including housing and energy for some consumers

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So, in short: the American Rescue Plan Act of 2021 is the primary piece of Biden-era legislation frequently associated with inflation, as it delivered massive demand-side stimulus during an already constrained supply environment. The Inflation Reduction Act of 2022, despite its name, is widely recognized as having minimal short-term inflation impact, with its effects focused on longer-term clean energy and health care reforms rather than immediate price-level control.

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Don’t be a fricking leftwing libtard your whole life. Everything that’s shitty about your life isn’t Trump’s fault. Go look in the mirror sometimes, it’s probably a you problem. Everyone who isn’t beholden to the democrat party knows when inflation kicked in and it was during your brain dead boy’s term due to his spending policies. The democrats even put out a chart to blame Trump for inflation but had to delete it because it was a self own

So it's not for 60%.

Not great. But not apocalyptic.

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Problem for some posters is that they can’t handle criticism of Trump at all, so they have to cast anyone pointing out a problem as a Biden acolyte, which I have never been. He was a horrible president.

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You seemed to conveniently forget to point out Biden’s role with inflation, caused by spending and immigration, in your initial post. If you would have placed the blame on both sides, I would have never responded to you because I would have agreed with you. It’s not defending Trump to point out the Biden administration’s role, which you ignored and placed the blame on recent Trump trade policies. I wasn’t going to let you rewrite history and give Biden a pass when he was the main culprit for inflation

Or Forbes

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The simple truth is that Trump erred massively in his support for the lockdowns related to the coronavirus, and much, much worse, his signing of the $3 trillion Cares Act subsidized the very lockdowns on a national level without which American consumers wouldn’t be enduring higher prices today.

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But you can trust a LLM to skew your news as you wish.

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Every time I see someone respond"well I asked GROK/chatgpt and here's what it said" I know I'm dealing with a retard. You can trick LLMs into thinking they're your grandma. I'm not sitting here and engaging in an argument with you dropping points from some stupid bot

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Right

Why didn’t you link your source? How do we know you didn’t cherry pick information from within an article? At least I was honest enough to post where I got my information from. Anywho…..

What year was the Cares Act passed and who supported it?

I’ll answer for you without the LLM…That was passed at the height of COVID and was bipartisan. If Trump would have vetoed it, you would have blamed him for that too. The 2 bills passed during the Biden administration was only supported by democrats and was unnecessary,. It was also Biden who let in millions and millions of people and handed out taxpayer money for them to live in luxury. You seem to conveniently want to ignore that huge factor.

And just one more reminder….. it was the Biden administration and democrats who called inflation transitory. Why didn’t they blame Trump? They had the opportunity to do it according to you. You know they would have if they could have. They certainly didn’t think inflation was a problem until it was and then what did they do? Pass the Inflation Reduction Act with only democrat support. Did it address inflation? Nope, it was just more spending on progressive pet projects causing even more inflation.

You don’t have to like Trump but also don’t have to be a dishonest fricking idiot. Both may have contributed to inflation but Biden’s role was infinitely greater than Trump’s role.

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Both may have contributed to inflation

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Long winded way of saying I was right initially, but you got there.

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There are no fiscal conservatives anymore.

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been saying this for years.