Blame who?I can blame him for inflation because of all the money he simply printed out during the pandemic
Why are conservatives blaming Biden for high gas prices? Is this accurate
- Thread starter BrothaZay
- Start date
beenz
Rap Guerilla
I can blame him for inflation because of all the money he simply printed out during the pandemic
I would assume that you would acknowledge the President doesnt print money and that most of what was created was by Jerome Powell and the fed to keep markets from crashing. Regular folks didnt see shyt in comparison.
beenz
Rap Guerilla
no he doesn't print money, but all that went down on his watch.
Except for all the verifiable price gouging going onI can blame him for inflation because of all the money he simply printed out during the pandemic
And in the context if why it went down, it is to float markets. But that is fed reserve “money”. The treasury and its stimulus to common folk was a drop of a drop in the bucket. Inflation is due to a ton of others issues, mostly led by price gouging.
I can blame him for inflation because of all the money he simply printed out during the pandemic
While that's certainly understandable, to be fair we were in uncharted territory and were able to stave off a big recession with that stimulus.
No one knew the perfect amount of stimulus and economists, including Trump-appointed Jerome Powell were erring on the side of just getting money into hands.
All that said, it doesn't matter when energy, food and rent prices are going through the roof (for myriad reasons). The Fed should raise rates at least 5 times this year imo even if that means going into a slight recession.
It's not as if Joe is getting reelected.
