Quote:
Originally Posted by Got Stripers
But the U.S. is hardly the only place where people are experiencing inflationary whiplash. A Pew Research Center analysis of data from 44 advanced economies finds that, in nearly all of them, consumer prices have risen substantially since pre-pandemic times.
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It's not only a US problem. Nobody is denying that.
However, the last 2 administrations pumped trillions and trillions of dollars into the economy. I don't know how much you know about the effects of supply and demand on the value of goods. But chapter 1 of every economics text ever published, says that if you drastically increase the supply of something, the value of that something is going to decrease.
Biden caused some of this with his spending. So did Trump, Obama, and Bush. But only 1 of them is the president now, and when Biden campaigned, he specifically promised not top blame others for his results, and Americans see he lied on that promise, because he's blaming everyone but himself.
Bush didn't cause the subprime mortgage crisis, but it happened on his watch, and the left gleefully pinned it on him for political benefit.
Now it's the democrats turn to catch heat for what happened on their watch.