This is the truth, although it’s based on a lie.
It’s tough for democrats because the captain of the ship has to lead the boat he was given into waters already on course.
The inflation issue is not of Biden’s doing but he does own it. Making money more expensive because supply chains aren’t strong isn’t the right thing to do either. However, trying to get people to understand what it actually takes to make a pencil is too complicated and they want very complicated matter fixed quickly so it drags on Biden.
Whatever, he asked for the job and now he’s got it. The only thing is people end up exposing themselves as fools carrying that “bidenflation” argument into the public conversation.
The inflation talk was a big discussion on a weekly basis in the fall of 2020 on CNBC and Bloomberg (especially on Bloomberg)...
Then the news shifted back to the U.S. Presidential Elections.
In fact, I remember the first business day after Biden was inaugurated...there were three opening headlines on Bloomberg...U.S. Capitol Insurrection, Inflation, and a story about Federal Reserve/Interest Rates.
The Inflation story got the least headlines. It slowly became more important of a story after the Delta Variant hit the economy and the pace of rising food prices and Europe inflation numbers begin increasing too.
It then recently became a big deal when fuel prices started to dramatically increase along with the headline that consumers are "willing to pay...they have the record-breaking savings".
Yet, the Pandemic is still here and Europe is panicking again...that's when I knew we were fucked again because people do not understand the connection of a
prolonged Pandemic (stats shown in a prior chart I posted in this thread) on the economy versus a short-term Pandemic like last year (Nov - Dec) when people had the
illusion that the Pandemic is almost over...we now have vaccines.
Like I said before, solve the Pandemic problem (it showed its in control via the Delta Variant)...they will solve the inflation problem because the two are strongly connected.
Biden Administration didn't cause inflation but there's an
illusion that he could have fixed it
or prevented it from getting worst in the middle of a Delta Variant surge. Reality, a prolonged Pandemic and the Economy was their biggest concern
prior to taking office because they saw how deeply connected the two were.
wrbtrader