Democrats spin Inflation

[TheGunner]

But, but, but…it’s not government spending





Democrat Steve Rattner disagrees… counselor to the Treasury secretary in the Obama administration.

Opinion | Biden Keeps Blaming the Supply Chain for Inflation. That’s Dishonest. (Published 2022)

Our supply problems are the product of an overstimulated economy, not the cause of it.

www.google.com

Utoh…fact checkers beginning to check Biden.

 

[Thordog]

maybe Biden should read the WSJ...

How High Is Inflation and What Causes It? What to Know

The consumer-price index eased slightly to 8.3% in August, still close to a four-decade high, as strong demand collides with supply shortages.

www.wsj.com

What is causing inflation?​

The current bout of inflation has several causes, many linked to the pandemic. For one, consumers are flush with savings from government stimulus programs and depressed services spending as a result of restrictions on businesses, leading them to open the spigot for goods that are in scarce supply.

Fewer workers are in the labor market, encouraging those who are working to demand raises. And low interest rates from the Federal Reserve have made borrowing cheaper, making big purchases more attractive. These factors and many others are driving up costs.

Energy prices, including gasoline, have gone up as oil-and-gas production lags behind a return of consumer demand coming out of the pandemic. The revived demand has also led to supply-chain disruptions. Truck drivers, seaport slots and warehouse spaces are all in short supply, leading to costly delays and rising shipping rates for goods.

The added costs, at every step from production to sale, lead to price increases for consumers, with some companies seizing on a rare opportunity to raise prices.

 

[BuilderPurdueFan35]

But, but, but…it’s not government spending

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Democrat Steve Rattner disagrees… counselor to the Treasury secretary in the Obama administration.

Opinion | Biden Keeps Blaming the Supply Chain for Inflation. That’s Dishonest. (Published 2022)

Our supply problems are the product of an overstimulated economy, not the cause of it.

www.google.com

Utoh…fact checkers beginning to check Biden.

They know their base is unhinged and dumb enough to believe this. They’re unhinged and dumb enough to believe anything that their masters tell them.

 

[TheGunner]

Fewer workers in the labor market because Biden paid people to stay at home, even when the pandemic was under control last summer…AFTER….vaccines were available.

No, stay home, and we will pay you more than your were making at work…deal…deal. Biden did that to force employers to move to $15/hr minimum wage. Biden and the Democrats said that wouldn’t cause inflation and they were wrong…

and people wonder why inflation is bad today and more wonder why it’s not “transitory”

 

[BuilderPurdueFan35]

 

[TheGunner]

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It’s like spending less on credit after Christmas. You exceed your normal spending by 5X in December, but Joe comes in and spends 4X the normal rate in January and pats himself on the back.

Did President Biden Reduce the Deficit by $1 Trillion? | Committee for a Responsible Federal Budget

2022-03-02-In his first State of the Union address, President Joe Biden stated that he would be "the only president ever to cut the deficit by

www.crfb.org