Biden inflation...

Biden officially owns the inflation disaster.

According to the Guardian, most of the post-pandemic price increases have been simple corporate greed (aka fatter profit margins). Capitalism for the win.

Weird how the corporations waited til Joe was installed to get so greedy.

I understand conspiracy theories are fun but it's not really that complicated.

Post pandemic consumer demand came back quite suddenly. People (myself included) started driving around buying stuff again. I mean I was buying stuff I didn't really even need. Meanwhile supply chains (globally and locally) did not come back quite as quickly. Sh*t I hear China still has lockdowns going on.

So anyway the lack of enough goods to keep up with demand made things more valuable. Companies figured out they could raise prices. This caused the prices of related goods to also increase. A company might have a raised input cost of an additional 5%.... But they would turn around and raise their cost to the customer 12%. Everyone is talking about inflation anyway, so who will notice?

Meanwhile the demand from customers did not seem to be affected. They kept buying. If you're selling whatever idk apples let's say..... And you raise the price of your apples. And after you raise the price you notice you still have the same amount of customers buying the same amount of apples as they always do..... what incentive do you have to ever lower the price back down? You might even raise it more to see how much increase the customer will tolerate. Seems theoretically the only reason you would ever have to ever lower prices would be if demand goes down, supply goes up, or perhaps increased competition.

Joe Biden getting voted into office was irrelevant. When demand increases and supply decreases, prices go up.

The deep state is preventing Biden from solving inflation. People just are not ready to accept that.

Wow that was easy.
:)

Right..the deep state created inflation coming out of the 2020 plandemic and now they won't let Biden fix it. Do some research bro.
;)

Remember, Biden signed the Inflation Reduction Act into law in August. He promised this bill would “fight inflation and lower costs for American families.” Just on Sept. 13, the president had a celebratory event at the White House touting how awesome the plan was. Now, just a month later, we’re still seeing disastrous price increases. Oh, and real wages (adjusted for purchasing power) are declining, not rising. Wasn’t the president’s legislation supposed to stop this?

It's been 2 months. Did he say it'd cure inflation in 2 months?