Joe Biden is more responsible for high inflation than for abundant jobs

submitted by [deleted] from economist.com

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]g0ldfish 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (1 child)

Bullshit. This is a political opinion ("leaders" section) that should not have been allowed to be in the Economist. The author leaves out this downward trend in inflation:

https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/

And the author leaves out the obvious fact of economic growth for the 99% results in a bit of inflation (growth in jobs and higher wages = inflation, growing economy &c). This is a political hit piece because there are no potential criticisms from partisan hacks for the improvement in the economy after Trump; none. If the job numbers were low, we'd hear about that 24/7 from the political hacks. Instead the focus here is on the momentary several-month rise in inflation due to job growth. In BOTH categories (job grown and inflation) the US has done better for the 99% AFTER Trump left office. Moreover, the US president is NOT the mastermind of economic development. Someone should write a letter to the editor of the Economist about their very bad decision to allow this misleading trash in the magazine.

[–]TemporarilyDeceased 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Trump started this mess by approving the massive stimulus. Biden didn't fight it and has been trying to bury the energy sector instead of using it to reduce costs and harm Russia and the Saudis.

Higher food costs, higher energy costs, and higher housing costs that the 99% cannot avoid, and whose take home pay has not in the least kept up with, is not "doing better."