12-07-2023, 12:04 PM
(12-07-2023, 11:08 AM)SunsetBengal Wrote: That's odd, a survey taken just 3 weeks ago shows that 78% of American voters rate the economy negatively. Survey also showed that only 29% of American voters approve of Biden's handling of inflation.
Here's a link to the Bureau of Labor statistics. You can see the numbers for yourself, and that inflation has been below 4% since May 2023. 3-4% inflation is normal this is measured by the CPI (Consumer Price Index.) So the Biden administration has brought this number down from what he inherited from Trump. So if you want to blame Biden for the 20% inflation that we experienced when he first took office, then please explain to all of us how Trump didn't create the perfect storm for hyperinflation. Trump was responsible for all these things:
- Increased national debt by $ 8 trillion before COVID. Trump ran up our debt more than all the past administrations put together.
- Trump refused to balance our budget;
- How about allowing Billionaires to not have to pay taxes and sticking the middle class with the bill?
- During COVID, printing Trillions back by nothing to protect the investor class.
- Engaging in corporate welfare by allowing corporations to escape tax liabilities and sticking the middle class with the bill
- Manipulating the Federal Reserve and not allowing them to raise interest rates to tame down inflation.
So for all of you who want to blame Biden, please explain how Trump isn't responsible for all the above-listed practices that didn't create an environment that was ripe for hyperinflation. Inflation isn't created overnight, and it sure isn't tamed overnight. Unfortunately, voter's memories are short and the "Buck stops" with the current admin and they'll usually take the blame for what's going on with the here and now. Unfair, Yes, but is it realistic? No, but that's the way it is.
Please take the time to study the link with the economic data provided by the US Bureau of Labor Statistics.
Also, what is the source of your survey polling numbers?
