Time will tell, but I also believe a lot of the inflation we're seeing started under Obama after the financial crisis (with policies continued by Trump/Biden). This has to do with the people at the Fed. Excessive increases in the money supply not backed up by real productivity growth causes inflation. The way I see it, most of the inflation under Obama went into assets. Hence wealth inequality kept rising under him. Over the past year-plus it's been unwinding into goods/services. The dollar is strong right now, but when it weakens inflation will get even worse than it is today.
Ridin' with Biden
- Thread starter Cuddles
- Start date
Obamas plan got rid of ISIS with no middle east invasion,trillions of dollars not having to be spent on an invasion,thousands of US troops not being killed or injured in another middle east war and very few people were killed by ISIS in America.Job well done
There are annual changes to basically all health insurance plans which rendered them obsolete by minor tweaks.
Politifact dubbed it their annual "Lie of Year" in 2013:
https://www.politifact.com/article/2013/dec/12/lie-year-if-you-like-your-health-care-plan-keep-it/
Or they could have been defeated without another US Middle East war costing trillions and thousands of US troops killed and injured.
Actually thats what happened because of Obama.
Post the part of the legislation that says you cant keep your plan.(If you had a plan that didn't cover pre existing conditions it was grandfathered and you could keep it.)
The point is that it would have been even cheaper if we acted sooner. It took the public beheading of a journalist for Obama to even start discussing them.
I told you already that all plans change year to year so the grandfather part was misleading as nothing was left to be grandfathered in. Things switch in and out of network, prices changes, minor tweaks in what’s covered change every single year. However the essence of the plan year to year was the same.
Things switch in and out of network from year to year and prices go up/down from year to year (mostly up in healthcare). Obama’s team knew this. It was called the “Lie of the Year” by a non-partisan organization for a reason.