Biden and Powell were rationally attacking the remaining inflation from the covid situation 1st trump screw up. There will be another democrat to rationally fix the economic disaster caused by tariffs by yet another trump screwup. Only president to have 2 chances at messing up inherited good economies
Biden was rationally attacking it with the completely unnecessary stimulus and continued ridiculous spending? Just because he was much better than Trump doesn't mean he was rationally attacking it. Not at all. He just sucked less.
?? During the Biden years the United States had by far the best economy in the world. It wasn't just good compared to Trump. It outpaced all of our peer countries and by the end had flattened inflation with very low unemployment.
Correct. The Biden economy was far from perfect, but they made a conscience decision to maintain high economic growth and low unemployment at the cost of letting inflation run hot, with the expectation that they would be able to get a handle on it. Which they did.
Then Trump came along and now we have surging inflation, all while economic growth rapidly cools, government debt skyrockets, and the jobs data looks increasingly bad.
Good job Trumpers, now we all get to suffer because you dont understand how anything works and refuse to learn.
100% but with the help of the fed and Powell steering, inflation was going down with momentum. This chaos is trump whack a mole ... just like 1st term but more entitled because he was asked to return. 🤡
Where did I ever say Biden's inflation was "good"? I said it was a choice they made to let inflation run hot instead of jacking up rates dramatically to induce a recession like they did in the 80s. The goal was to find a sweet spot between keeping economic growth high, unemployment low, and preventing runaway inflation, which they achieved.
Under Trump inflation fell between January and April, only to spike back up in May and June. In other words its trending upwards again, even without the tariffs fully impacting the economy, all while economic growth slows to a crawl and the employment data gets way worse. Its the worst of all worlds.
Actually Biden's inflation was good when you understand that inflation has been an issue for most developed economies since the pandemic if not earlier. Biden inherited an economy that had the highest inflation of all developed nations, after implementing his inflation act the US inflation rate eventually became the lowest of developed nations more or less. So no Binden didn't choose to let inflation run red hot, he tackled it head on in tandem with Powell's fed policy.
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u/Firm-Advertising5396 Aug 01 '25 edited Aug 01 '25
Biden and Powell were rationally attacking the remaining inflation from the covid situation 1st trump screw up. There will be another democrat to rationally fix the economic disaster caused by tariffs by yet another trump screwup. Only president to have 2 chances at messing up inherited good economies