02-22-2023, 08:39 AM
(02-22-2023, 01:39 AM)guyofthetiger Wrote: The President and cabinet are responsible to do something about it. They are Dems by the way in case you haven't noticed.
Actually, no. That's not how our government is set up. Inflation is primarily handled by monetary policy which is the purview of the Federal Reserve Board of Governors, a group of three Democrats and three Republicans. It is intentionally set up to be resistant to political pressures (though not from idiocy). The other policy tool for financial issues is fiscal policy, which is the purview of Congress.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
