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GOP Lie #2, today's inflation is Biden's fault

antithesis

Posted 5:05 pm, 10/18/2023

Even the San Francisco Federal Reserve has shown the policies of the Biden regime caused the inflation...

Their study without the op-ed summary:


That was in March 2022. And you can see in the pink line of the chart I posted that, at the time, our inflation rate was higher!

But as I said, you can also see that the US recovered more quickly than any other first world country. Probably for the same reason that they complained about the initial higher inflation

Page 3 of the study also shows that the US vs OECD inflation rate began to separate after the CARES Act... March 27, 2020.

It's (another) lie to claim that the study blamed it on Biden... it never even mentions his name. And the facts presented show that it began before Biden was President.

DB Cooper

Posted 3:49 pm, 10/18/2023

Stinky has a new handle. Or is it Tribune? Or is all three of them the same arseclown?

UnoFire

Posted 3:45 pm, 10/18/2023

Reminder to those in the back, Trump signed two of the three stimulus packages.

freerangethinker

Posted 3:32 pm, 10/18/2023

Did you go to college to be an economist? You can easily find a dozen economists that say Biden caused inflation.

Fakey

Posted 7:53 pm, 10/16/2023

Even rosetok is zhittin' on antZ bogus thread.

Tilly22

Posted 7:26 pm, 10/16/2023

Anti is as famous for Whoppers as Burger King!!😁

Rosestar

Posted 6:11 pm, 10/16/2023

Poot 💩

DB Cooper

Posted 4:13 pm, 10/16/2023

Why do you keep lying on here? Even the San Francisco Federal Reserve has shown the policies of the Biden regime caused the inflation... which is commonly known as Bidenflation around the world. I have posted the link about the feds numerous times but here it is again.


'New Fed Study shows Biden owns our economic disaster'

antithesis

Posted 2:50 pm, 10/16/2023

An often repeated lie is that the inflation we've seen is Biden's fault. This is an absolute lie, and they know it.

What we know for an indisputable fact is that today's inflation is a result of COVID, because it happened on a global level.


What you also see is that, under Biden's leadership, the US recovered more quickly than any other first world country.

You can also see that Japan had the lowest inflation rate. But they took early steps to prevent the mass spread of COVID, including a vaccination rate of over 70% by October 2021:


The US hit that same number (70% vaccinated) in May 2023.

Japan had a mere 595 deaths per 1 million residents, compared to 3,521 in the US:


On that spectrum, the US was the 15th worst in the world... Japan was 129th.

Had Trump reacted to COVID the same way that Japan did, instead of telling everyone that it was fake, then inflation probably would not have gone anywhere near as high. But the facts show that high inflation was going to happen after COVID, regardless of who was in office.

This is a common argument from the GOP, though, to confuse and excite their easily manipulated base. They know that people see high prices and blame the current administration, without giving any thought to what may have happened over time to get it to that point.
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