1) Inflation was very high for a short period of time due to three things: pent up demand from the pandemic, supply chain issues as the result of the pandemic, companies gouging people to take advantage of the situation.
WRONG! TWO INFLATION SPIKES DUE TO TWO BILLS: CONSOLIDATED APPROPRIATIONS ACT OF 2021 AND ANERICAN RESCUE PLAN. LONGER TERM INFLATION DUE TO BIDEN EXECUTIVE ACTIONS ON CLIMATE CHANGE AND ENERGY.
2) Inflation is now below historic norms. If you blame Biden for the inflation, then you must also credit him for getting it back below historic norms. Hint: he gets neither blame nor credit.
RECENT INFLATION RELIEF DUE TO STIMULUS SPENDING FROM THE ABIOVE REFERENCED BILLS FUNDS RUNNING OUT AND OPENING OF MOUNTAIN VALLEY PIPELINE. YOU CAN THANK REPUBLICANS AND MANCHIN FOR THAT.
3) Inflation would have been the same if Trump had won in 2020. We live in a global economy, and the US President has next to nothing to do with inflation. The Fed has much more power there.
SPARE US THE BS. YOU CAN SEE THE INFLATION SPIKES IN THE DATA WHEN THE STIMULUS FROM TROSE BILLS HITS THE MARKET. THEY OVER STIMULATED THE ECONOMY AND INFLATION WAS THE RESULT. THE LASTING WRECKAGE IS THE ADDED INTEREST ON THE GIANT PILE OF DEBT THAT IS COSTING US A TRILLION IN INTEREST EACH YEAR.
4) Prices will never return to 2021 levels? Um, ok. Prices never return to what they were 3 or 4 years ago. That's what inflation is, and we always have inflation. A deflationary period would signal serious problems with the economy, and you don't want that. When Trump left office, the prices of things weren't what they were under Obama either.
ENERGY CAN AND IT INFLUENCES EVERYTHING ELSE. BIDEN’S WAR ON FOSSIL FUELS IS INFLATIONARY. WE GOT SOME RELIEF WHEN THE MOUNTAIN VALLEY PIPELINE OPENED AND BROUGHT DOWN NATURAL GAS PRICES (AND ELECTRIC PRICES). AND THAT ONLY HAPPENED BECAUSE THEY WERE ABLE TO GET PAST BIDEN’S BLOCKING OF RIGHT OF WAY THROUGH BLM LANDS. BIDEN’S ENERGY POLICY HAS BEEN TO SUBSIDIZE RENEWABLES (MANY OF WHICH DON’T NEED THE SUBSIDIES)
AND BATTERIES (WHICH HAVE TERRIBLE ECONOMICS)
How is it that you are so wrong about everything? It is mind-boggling.