Quote:
Originally Posted by wdmso
Germany: Inflation hits 29-year high of 5.2%
UK inflation rate 2021 - live: Price rises at highest in a decade at 4.2% amid fears over Covid recovery
Inflation in 19 Nations Using Euro Hits Record High of 4.9%
Conservatives doing the only thing they do is blame … it’s Biden aka Brandon’s fault
And their supporters are uninformed sheep. Who think American is the center of the universe . And a POTUS has powers he doesn’t to control prices
It’s called pandemic recovery
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dumping trillions of dollars into the economy is one thing that fuels inflation. and the president has some control over that.
do you expect us to believe that if trump was president, and we had similar inflation, that you’d say the same thing? seriously?
trump also spent like a lunatic, so we were due for some inflation. it’s very reasonable to believe that biden’s massive spending, added fuel to that fire. and he owns that. his administration was also very dismissive of inflation for a long time, denying there was inflation and then saying it was temporary. he was wrong about it being temporary. he owns that too.
like almost everything, it’s not all biden’s fault, but he’s not blameless either.
the dems are between a rock and a hard place. the best way to control inflation is to increase interest rates, which would easily hurt the housing market and trigger a recession ( we’re overdue for a recession). so he has to choose between letting inflation run wild, or controlling inflation and possibly causing a recession. kind of a no win situation.
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