As much on him as Biden, absolutely… Trump kept $$ too cheap during his term…and was bad with the free money distribution.. it should have been targeted better…Trump destroyed too many safety nets during his first term in order to make his tax cut for the rich more palatable… and many of these “safety nets” would have been a factor in stabilizing the economy during COVID…Trump failed to protect the supply chains adequately and their 6-9 month demise is the reason for much of the immediate post-COVID inflationary pressures and material shortages.
Not really. Safety nets? Like what specifically. How could he have protected supply chains adequately given a pandemic and a global economy?
As far as interest rates, that was a big part of the problem. Technically that’s not the president it is the fed. And that problem has been going on for 20 years. I absolutely agree that needlessly monetizing our way out of Covid is the fault of Trump and Biden. To put the onus for inflation solely on Biden who took office in 2021 as the numbers had already started to rise quickly is silly. If Trump won in 2020, the inflation numbers would have been exactly the same. He campaigned on the same “relief/stimulus package” numbers as Biden.
I do agree with the wop on the idea that we need to go through a little pain to get where we need to be. It requires both raising taxes and sharp cuts to spending. We are no longer in a place where one or the other can fix this. It will hurt the economy, in the near term. If we don’t, the only way to service the debt will be massive inflation. The kind that will make 2022 look like a sunny day.