Inflation cooled again in December

archives said:
The debt spending began before Biden took office, and yes, his Administration did pump too much currency into the economy, but it was in response to a generational crisis, which latter coupled with supply chain issues, greed, and the Ukraine war, went beyond the transitional inflation they had anticipated. By the way, it wasn’t solely American inflation, in fact, America came out less scarred

And to imply guilt via irreversibility is like blaming Truman cause Hersey bars don’t cost a nickel anymore
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lol @ "transitional inflation. No doubt Congress pumped in too much money under Trump but then Biden added 2 more monstrosities, even when it was well known the other packages weren't anywhere nearly fully spent.
Then it's the "Inflation reduction act" -i mean who buys thus crap except McConnel and the Swamp republicans?

Then the Omnibus -again a monstrosity -because we need to guarantee what is it-
another 1oo billion for Ukraine?
US inflation should never have happened, or it should have been "transitory". But because Biden /Dems/swamp can't say no it's done enormous damage to purchasing power, and this has happened before
where the standard of living is impacted and never gets made up
 
anatta said:
lol @ "transitional inflation. No doubt Congress pumped in too much money under Trump but then Biden added 2 more monstrosities, even when it was well known the other packages weren't anywhere nearly fully spent.
Then it's the "Inflation reduction act" -i mean who buys thus crap except McConnel and the Swamp republicans?

Then the Omnibus -again a monstrosity -because we need to guarantee what is it-
another 1oo billion for Ukraine?
US inflation should never have happened, or it should have been "transitory". But because Biden /Dems/swamp can't say no it's done enormous damage to purchasing power, and this has happened before
where the standard of living is impacted and never gets made up
Click to expand...

Inflation was going to occur, it was inevitable given steps necessary to address a generational crisis, plus the fact the threat of recession was present. And the funds allocated for the majority of those other programs wasn’t immediately pumped into the economy, some of them won’t even be felt for years to come

As I noted, the inflation wasn’t, and isn’t, just American, it is worldwide, and as also mentioned, this Administration has guided the county so that it didn’t, and isn’t, going thru the same hardships the rest of the world has experienced

And the “standard of living” angle is inane, as I noted, it would be like blaming every Administration since Harding cause the Hersey bar doesn’t cost five cents today, called economics, not static
 
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