Bidenflation is oppression

If you're worried about inflation, maybe you should take that up with the idiot who started and lost several trade wars, imposed $80B in new taxes on American consumers, and bungled the pandemic - not the guy who's spent just over 3 years bringing the disaster left behind under control.

[image deleted] You mean Biden and the democrats.. inflation one comes from one source….

Not sure liberals ever understand the economy…at least the ones posting in this site are not able to understand it.

Wrong on both counts, but par for the course.

Nope
Truth, or explain how?

Inflation can result from too many dollars, too few goods, and even profiteering - all of which have played a part since Trump's 2017 tax scam, stupid trade wars, and bungling of the pandemic.

Not due to Biden, not a single source.

People buying overpriced and in low supply junk is a factor in rising inflation.

Inflation is falling 'cause the dummies done spent all their savings.

Biden nixed all of Trump's trade policies and tariffs long ago...the US trade deficit increased by ~300 million in the 3 years since.

No - most of Trump's trade policies and tariffs remain, even with copious amounts of evidence piling up of the harm they've done to our economy.

As for the trade deficit, that peaked in 2022 and fell by nearly 20% in 2023 to the lowest its been since the pandemic started.

So, is the economy going great or has it been going horribly due to Trump administration policies from 3+ years ago?

It can't be both.

😁 You said the quiet part out loud.

The "Trump Tariffs" that are "harmful to the economy" have actually been the "Biden Tariffs" since January 20, 2021.

The trade deficit being the lowest it's been since the pandemic does not equal lower than any prior administration's level.

The pandemic created lots of economic havoc which people like to blame on poor ol Trump while ignoring entirely the fact that this economic stress existed in every country in the world. It was a global issue, not just an US issue.

I have digressed.

Why has Biden not rescinded the tariffs?

You posed the argument that the trade deficit was down 20% in 2023, the lowest it has been since the pandemic, while acknowledging that the Trump imposed tariffs have remained in place.

How does that indicate that the tariffs are faulty?

That show a lack of m1/m2 action in the market place. Only government can control m1 which is the root of inflation! No other force beside government controls m1. Sadly democracy have a historical president of bad monetary policy.

Why do y'all always talk like inflation and prices are fine and the economy is great then in the next breath weep, and lament that you can't afford rent?

😄 It don't make no sense.

Inflation has been trending downward for the better part of a year now, and I have no problem paying my mortgage.

If the economy is so bad, how is it you're paying for Trump's legal bills?

Congratulations. You are more fortunate than others of your political ilk.

Why cannot others that share your political leanings afford to pay their rent in the booming Biden economy?

I am unaware of ever having paid Trump's legal bills.

Attack the premise, not the speaker.

Inflation trending downward does mean inflation has been eliminated.

It means only that it is slowing in the rate of increase.

It doesn't mean prices are dropping, it means only that they are not rising as quickly.

Our currency was untethered from the gold standard in the 70s specifically to insulate the economy from deflation cycles and the depressions that were recurrent before that point.

Now, the only way to get below a couple points per year is to tank the economy completely as happened in early 2020, and that only delays the inevitable as we've seen since.

As for rent and prices, the increase in monetary supply did have some impact, but not nearly as much as the rampant profiteering on the backs of American consumers. All those "record profits" being posted are evidence we're paying far more than the goods and services are worth.

All of those record profits came directly from record consumer spending.

In layman's terms, folks be buyin' sh!t.

The stock market is up, right? Higher than ever?

That is meaningful to the wealthy in that they got wealthier cause folks be buyin' sh!t.

That means nothing to the average American because they ain't getting no wealthier cause they stay buyin' inflated price sh!t.

Around 1900 you could fill a paper poke with candy sticks for 1¢.

50 years ago you could buy a single candy stick for 1¢.

25 years ago a single candy stick cost 5¢.

Today a single candy stick goes for 15¢.

A hundred or so years ago candy sticks were made by people, by hand, with materials collected by hand and processed by hand.

Then candy sticks started being made by machines in massive quantities but requiring far fewer people and with supplies requiring far less people to amass and process due to automation.

Yet the prices went up and up.

Why?

Hint: Corporate greed is not the answer.