Stop Blaming Biden For Inflation

[Edwcraig]

The consumer price index shows that the current inflation started in March of 2021 only 30 days after Biden became President. It was driven by huge increases in energy prices widely understood as the rapid global demand increase for energy caused by the post Covid global recovery and low inventory of energy again due to Covid.

https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm

To say that Biden caused this after only 30 days in office would mean he would have been the most effective President in the history of this country. To say that inflation was caused by the Inflation Reduction Act passed over one year later is just political propaganda.

[EarnestPutz]

1. Ah, the "invisible hand of the free market". We should have known who to blame. Wait, weren't we told that.....

.....that's a good thing? Let's get our Republican friends on the phone and get an explanation. We can also ask about corporate greed, while we're at it, no?

[Qutzupalotl]

2. Also, inflation was a worldwide phenomenon

for years after the pandemic. America's recovery was the best among leading industrialized nations, due in no small part to Biden's efforts. We are still the envy of the world.

[Silent Type]

3. Agree completely, but presidents normally get blamed. Just the way it is.

[pwb]

4. It must be hard in the $7.25 minimum wage states.

But they never change their legislators to increase it so?

[patphil]

5. It was a combination of the pandemic, greed, and the failures of the Trump administration.

It's taken over 3 years to get it back down to where it is now, at an annual rate of 2.9%.

https://www.bankrate.com/banking/federal-reserve/latest-inflation-statistics/

Overall, President Biden has done an excellent job in bringing the nation through the mess he inherited from the previous administration.