Every point you made you’ve placed the blame of the mess that were in on the American people
That was 100% the government that did that
Then you turn around and blame “right wing porn” for why people in this country feel the way they do about the economy. Perhaps you should stop to think that maybe they feel the way they do because they’re experiencing the reality in their own lives
1. Yes, partially blaming the American people but if you do not have a job right now it is your own fault. I live in a moderate growth area, not slow, not booming but every business has help wanted signs right now. It is a fact people are spending way too much. Talk with any loan officer. People still want to live and spend like it is 2018 2019. Yes seniors/retired people and low skilled/uneducated low paid workers are having a rough go of it, I do not deny that.
2. Some of the inflation issue was caused by Trump, Some by Biden and some neither were at fault. Yes govt spending is out of control and our debt is a major problem we face. ..but our debt will be addressed. Have you noticed all the articles written by top economist that we really need to start taking the debt and out of control spending serious. Jamie Dimon had a article today. I have noticed 2-3 per week now. Republicand and democrats are finally seeing the problem it is and are coming together. Both KNOW it is the issue of our times.
Steve Mnuchen, TRump's Sec of Treasury warned Trump in 2018-2019 he needed to push the Fed to SLOWLY increase artificially low interest rates or he would have a inflation problem in his second term due to the run of people buying up homes and driving up prices to record levels.. Trump refused because he thought it would slow down the economy too much. . It is in Mnuchens book. Housing prices shot up to exorbitant levels...Inflation= too much money chasing too few goods. Trumps 8 trillion of spending and 2.1 trillion covid act was another cause of inflation.
The collapse of the supply chain was another major cause of inflation. Remember when Ford could not get chips and dealers were adding on 20-25k or more to the sticker of trucks on the lot and people were buying them. My wife was offered a cash price on her truck for what she paid for it new 4 years earlier.
Neither Trump or Biden were at fault over the collapse of the supply chain. . It was the fault of globalization over the last 25-30 years and putting all our eggs in one basket-China.
Yes, Bidens spending and laws is causing inflation.
Too blame inflation entirely on biden is the lazy way out as every country in the world suffered from inflation Most way worse than us. To only blame biden is a lack of economic history and partisanship.
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