ncsupack1 said:
Civilized said:
SmaptyWolf said:
This is how you trick people with statistics.
Notice how Trump's numbers skyrocket at the end of his term? That was the pandemic, when the federal government shoveled money into peoples' pockets to keep the economy functioning. Of course that giant leap in the graph was partially responsible for the big jump in inflation a year later. So who are you blaming for all of this, again?
Chuck Amato said it best...
And yes, it's voodoo black magic for Trump to have encouraged stimulating the economy and then point at Biden when it comes time to address the resultant inflation.
And if Trump gets elected and is unable to immediately get inflation to sub-3% I have zero doubt who he'll blame, despite our economy performing better than the rest of the developed world post-COVID for the entirety of Biden's term.
Both parties do the blame game, this isn't new.
Agree, not unique to either party and their posturing in an election year.
I do think it would be nice if we could have conversations on here where we don't pretend inflation is totally Biden's fault and Trump is somehow magically immune from inflationary criticism.
The stimulus is clearly partially to blame for inflation but I don't think it's either of their faults, per se. Based on the knowledge they had in real time, and what we learned coming out of the Great Recession, neither of them was wrong to move quickly to stimulate.
Hell I think we did it better than everyone else, we stimulated the economy quickly and then quickly got inflation back under control.
I don't think either administration deserves blame for their COVID economy actions.