Presidential Inflation Rate Chart for 8 Past Presidents (including Biden)

Libhater

Libhater

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https://www.armstrongeconomics.com/...-inflation-was-at-1-4-when-biden-took-office/


What's interesting, but far from surprising is that the chart clearly shows how inflation rates were always higher under socialist Democrat
presidents, then that of the Republican presidents. Also, check out the inflation rates between biden and our greatest modern day president
Trump to see just how much America suffers under a socialist presidency.

Especially check out the energy inflation rates of both biden and obama. That alone should give you libs something to be proud of, eh? LOL!
Perhaps we need to shut down more U.S. pipelines and rely on getting our oil from foreign nations, eh?
 
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Libhater said:
https://www.armstrongeconomics.com/...-inflation-was-at-1-4-when-biden-took-office/


What's interesting, but far from surprising is that the chart clearly shows how inflation rates were always higher under socialist Democrat
presidents, then that of the Republican presidents. Also, check out the inflation rates between biden and our greatest modern day president
Trump to see just how much America suffers under a socialist presidency.
Click to expand...

Which "socialist" policy(ies) caused the inflation?
 
Flash said:
Which "socialist" policy(ies) caused the inflation?
Click to expand...

Any and all that were brought about by a Democrat. You'll notice that all the Republican presidents except for 1 had very low inflation numbers because they are all Capitalists and not socialists.
 
Flash said:
Which "socialist" policy(ies) caused the inflation?
Click to expand...

Government regulations regarding petroleum production. This country runs on energy and the benefits of having a robust ability to keep the country energy independent is vital to keeping inflation to a minimum.
 
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Libhater said:
Any and all that were brought about by a Democrat. You'll notice that all the Republican presidents except for 1 had very low inflation numbers because they are all Capitalists and not socialists.
Click to expand...

What socialist policy?

Historically, Republicans have sought to keep inflation lower and allow higher unemployment.
Democrats have been willing to accept higher inflation but keep unemployment lower.
 
Lionfish said:
Government regulations regarding petroleum production. This country runs on energy and the benefits of having a robust ability to keep the country energy independent is vital to keeping inflation to a minimum.
Click to expand...

Regulations are not socialism. Socialism would be nationalization of the oil and gas industries.

Energy production is on track to produce record highs in 2023.

"The most recent EIA projections are that U.S. crude oil production is expected to increase to new records in 2023 and 2024. The EIA forecasts that U.S. crude oil production will average 12.4 million bpd in 2023 and 12.8 million bpd in 2024. The main drivers of this growth are expected to be increased production in the Permian region and the Federal Offshore Gulf of Mexico."
 
Lionfish said:
Government regulations regarding petroleum production. This country runs on energy and the benefits of having a robust ability to keep the country energy independent is vital to keeping inflation to a minimum.
Click to expand...

Did government policies cause inflation worldwide, Einstein?
 
Libhater said:
Any and all that were brought about by a Democrat. You'll notice that all the Republican presidents except for 1 had very low inflation numbers because they are all Capitalists and not socialists.
Click to expand...

What policy caused the inflation? Oil production has increased.

The stimulus programs passed by Trump and Biden?

What "socialist" policies would you repeal? Social Security, Medicare, which ones?
 
Libhater said:
Any and all that were brought about by a Democrat. You'll notice that all the Republican presidents except for 1 had very low inflation numbers because they are all Capitalists and not socialists.
Click to expand...

Especially Donald Trump. His inflation numbers were so low because no one was working. Massive unemployment, and an $8 trillion deficit
 
Flash said:
Regulations are not socialism. Socialism would be nationalization of the oil and gas industries.

Energy production is on track to produce record highs in 2023.

"The most recent EIA projections are that U.S. crude oil production is expected to increase to new records in 2023 and 2024. The EIA forecasts that U.S. crude oil production will average 12.4 million bpd in 2023 and 12.8 million bpd in 2024. The main drivers of this growth are expected to be increased production in the Permian region and the Federal Offshore Gulf of Mexico."
Click to expand...

Depends on the 'flavor' of Socialism you are using. Statist Capitalism is a form of Socialism. Here, the state doesn't necessarily own the means of production or distribution, but by regulations and laws controls what is produced and how it is distributed. As an example, the government passes regulations / laws that ban the sale of ICE vehicles after a certain date, or bans the sale of new natural gas appliances. That is the government controlling the means of production just as surely as if they owned them outright.
 
Flash said:
Regulations are not socialism. Socialism would be nationalization of the oil and gas industries.

Energy production is on track to produce record highs in 2023.

"The most recent EIA projections are that U.S. crude oil production is expected to increase to new records in 2023 and 2024. The EIA forecasts that U.S. crude oil production will average 12.4 million bpd in 2023 and 12.8 million bpd in 2024. The main drivers of this growth are expected to be increased production in the Permian region and the Federal Offshore Gulf of Mexico."
Click to expand...

You are the one who brought socialism into the mix.
 
Flash said:
Which "socialist" policy(ies) caused the inflation?
Click to expand...
The government trying to control fossil fuel production. That affects transportation and farming and everything that depends on fuel or fertilizer. And Biden's post COVID money give away was in part also socialism.
 
floridafan said:
Especially Donald Trump. His inflation numbers were so low because no one was working. Massive unemployment, and an $8 trillion deficit
Click to expand...
His numbers pre COVID were better than post COVID plus the spending that led to 8 trillion in debt was approved and passed by a Democrat controlled house who held the purse strings.
 
Flash said:
What policy caused the inflation? Oil production has increased.

The stimulus programs passed by Trump and Biden?

What "socialist" policies would you repeal? Social Security, Medicare, which ones?
Click to expand...
If you take the increase percentage from Obama to Trump and apply that same percentage of increase from Trump to Biden you will see that production is no where near where it should be.
 
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