- Joined
- Dec 17, 2013
- Messages
- 11,693
- Supports
- Brazil, Arsenal,LA Aztecs
i get there could be inflation but not to the point where gas prices have doubled, housing loan rates are almost double and grocery prices have jumped significantly as well. I don't think normal inflation would have had such a traumatic effect on the economy as we've seen in the past 12-15 months
Gas prices haven't doubled at all unless you're taking that completely unique 2-3 month period at the start of COVID when oil prices fell negative briefly as a baseline - which would be an error. That and food costs very much have to do with 1) obvious supply chain fallout from COVID-related issues and 2) Russia invading Ukraine. Nothing Biden could really do about either. Even inflation was almost entirely due to those two factors as well. It's just ignorance of global economics to blame any of that on Biden.