If you look at recent data[1], this has only accelerated further. This was not attributable to one president. Attempting to point blame for complex economic systems to one person is so foolish I don't even know where to start picking it apart. Look at the actual legislation and actions by which this happens. This is done through tariff manipulation, regulatory capture, and insider trading which we literally have weekly evidence of.
You are leaving out there was a global epidemic happening at the time, it's easier to see the logic of a global crisis which shutdown the global economy creating inflationary pressure from both supply economics, and mitigations taken by governments to keep money circulating (as much as we can disagree if it was the correct measure, it's understandable).
What is understandable about the current causes of inflation?
> It's almost as if the choice between the two parties is no choice at all.
Hi, I live in Minneapolis/Saint Paul. You may have heard about what the Republicans in the federal government did here a couple of months ago! The only appropriate response to your sentiment would, rightly, get me banned from this website. Please think before you speak.
For those who just watch fox news we're up to an estimated 700 million dollars of damage, completely aside from the human suffering for no definable reasons. The murders and the justification for murders, the protecting of murderers, and the celebration of convicted murderers in the local MN GOP.
What relevance does that have to this discussion of the executive branch causing willful damage? It just sounds like you are trying to say that its either false, misleading, or just a place where that happens so why give a shit.
None of those really seem like worthwhile to bring to this discussion.
> Didn't we have even higher inflation under the last president
“The index for final demand goods moved up 2.8 percent in May, the largest increase since data were first calculated in December 2009.”
Granted, that’s a slice of an index. But it promotes a pattern: we’re heading into a place similar to 2022. Then, because of money printing (at the time blamed on supply-chain disruptions). This time, because of money printing amidst an engineered supply-chain disruption.
The takeaway is we’ve had a string of shit-for-brain Presidents since Obama.
He allowed allowed the destruction of Gaza to start, and did nothing to stop it even when it was clear what was happening and it was within his power to do so. Of course, Trump would have been no better on that front. But that brings us back to...
