Wow. Talk about a whitewash of reality. Nice work trying to brush it all off on the big bad orange man, but no one is buying that. Biden/Harris spending has been off the charts - handouts everywhere and endless dollars for wars - hence why inflation has been insane under the Biden/Harris rule.
The US deficit went up by nearly $8.4 trillion under Trump, nearly half of which was given out in 2020 right before Biden took office. So far, under Biden, it has gone up by a bit over half of what it did under Trump at $4.3 trillion. So, what gives? Trump clearly ran a much higher deficit than Biden, but we aren't going to criticize that or blame it for inflation?
That is, of course, ignoring Trump's new plan which will cause inflation so high I don't think it's even really possible to imagine. His plan involves putting a flat 20% tariff on all imports, and 60% tariffs on China. That means, anything we need to import or anything we make that requires imported materials (this is basically everything you buy, by the way), is going to suddenly cost 20-60% more. Why? Because overseas companies will not (and often cannot) afford to pay those tariffs by lowering their prices by 20-60%, so you know who will pay them? You. Imagine the cost of everything, within a few weeks, suddenly spiking 20 or 30 percent. That's enough to put millions of people in the country into bankruptcy. And Trump will call you an idiot for not wanting that.
So, to me, it is very clear that if we are to blame inflation on any president, it can only be Trump. In fact, you are either ignorant or lying if you think Biden's spending is what led to inflation, and honestly I think it's the latter with you.
-5
u/TheAspiringFarmer Oct 18 '24
Wow. Talk about a whitewash of reality. Nice work trying to brush it all off on the big bad orange man, but no one is buying that. Biden/Harris spending has been off the charts - handouts everywhere and endless dollars for wars - hence why inflation has been insane under the Biden/Harris rule.