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You voted for this you got it.
Oh, JL…. your assertion is that we voted in a global regime of some kind causing global inflation to go up 9%?
So obtuse to think the American president controls the global economy.
James, prices were already up 7.5% before war in Ukraine.
I don’t know that saying the President controls all of this is ever accurate. People always give that office to much credit good or bad for what is happening. I do think that many of the policies trying to force wages up, encouraging people to stay home and not work, shutting down pipelines and buying oil from Russia and more are what is causing the inflation. We all need to pull up our boot straps, put our heads down and get back to work.
Understand how inflation is measured and what the percent is tied to – educate yourself on economics before blaming politicians or parties. We had deflation in 2020 so you need to consider how the referenced increase is calculated. And, also account for the interruptions in supply chains.
RS, it’s really not at all difficult to figure this out. Human nature does not change, no matter who is in the White House or the Halls of Congress.
And human nature is such that, for all practical purposes, people will not work if you give them money so they don’t have to work, or seek gainful employment to the extent of their abilities.
Handing out “rescue” money proved this: If a person got one or more checks or direct deposits for $600 or $1,200 or whatever the Dems were printing last year to buy votes and secure loyalty to their destructive policies, that person was less inclined to go to work or find a job. So, the supply of money increased, unbacked by an equal amount in productivity that produced that money. Hence, inflation.