Well… It was trump who destroyed our trade agreements, and then renegotiated for less favorable trade agreements. He also put tariffs on imported goods. Oh, and he fired a bunch of diplomatic staff. And then there was the whole thing where he weakened consumer protections. Don’t forget about slashing our public health and pandemic response teams just a few years before a major pandemic. Tax cuts to billionaires too, now that I think about it, allowed the richest 1% to klepto even more stuff and charge the common man man for it.
Yeah, if Trump was president right now, I’d still blame him for all the dumb shit he did.
What caused inflation in this instance was the uncontrolled spending/printing of money by our government, and their mandates to shutter large portions of our economy even after COVID was shown to be less of a risk than initially feared. It’s absolutely true that Trump was still president when it began and COVID was having a serious impact on our economy. What wasn’t Trump’s doing was the continued spending and closures well after COVID had been dealt with. We continued to pass multi-trillion dollar spending bills under the blanket of COVID relief which in reality had next to nothing to do with actual COVID relief. Instead, our government saw a once in a lifetime opportunity to have what was essentially a blank check, and oh boy did they capitalize on that. Take a look at Biden’s baby, the Inflation Reduction Act. It’s a prime example of this. Even now proponents admit it did little to stifle inflation.
Well… It was trump who destroyed our trade agreements, and then renegotiated for less favorable trade agreements. He also put tariffs on imported goods. Oh, and he fired a bunch of diplomatic staff. And then there was the whole thing where he weakened consumer protections. Don’t forget about slashing our public health and pandemic response teams just a few years before a major pandemic. Tax cuts to billionaires too, now that I think about it, allowed the richest 1% to klepto even more stuff and charge the common man man for it.
Yeah, if Trump was president right now, I’d still blame him for all the dumb shit he did.
What does any of that have to do with inflation?
What caused inflation in this instance was the uncontrolled spending/printing of money by our government, and their mandates to shutter large portions of our economy even after COVID was shown to be less of a risk than initially feared. It’s absolutely true that Trump was still president when it began and COVID was having a serious impact on our economy. What wasn’t Trump’s doing was the continued spending and closures well after COVID had been dealt with. We continued to pass multi-trillion dollar spending bills under the blanket of COVID relief which in reality had next to nothing to do with actual COVID relief. Instead, our government saw a once in a lifetime opportunity to have what was essentially a blank check, and oh boy did they capitalize on that. Take a look at Biden’s baby, the Inflation Reduction Act. It’s a prime example of this. Even now proponents admit it did little to stifle inflation.