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Edwcraig

(332 posts)
Sat Aug 31, 2024, 01:21 PM Aug 2024

Stop Blaming Biden For Inflation [View all]

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.


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