Inflation in the U.S. sped up more than expected last month. Prices of gasoline, homes — including rent — and groceries also ticked up. The consumer price index increased by 3 percent last month compared to a year ago, according to the Labor Department, an increase from 2.9 percent in December.
Experts have warned since before the president was sworn into office that his economic goals, including lowering taxes and issuing more tariffs on foreign imports, among other proposals, could cause a rise in inflation.
In the absence of a major financial crisis, inflation doesn't change overnight. It took months of over-inflated CovID crisis payments to start pushing inflation up but Trump's been president for a few weeks, hasn't actually implemented any tariffs yet so of course he's responsible for the sudden jump in inflation!
ReplyDeleteTrump made the over inflated COVID payments. He pushed for an additional 2k. He gave out PPP money like a drunken sailor. The man is a sicko. It's always someone else's fault. He is a grotesque individual and his silly Gaza plan doesn't change that.
DeleteWell yes and no. Yes, he handed out lots of money but he also constantly tried to end that program and reopen the economy. Everyone condemned him for trying to do that. It was Biden who subsequently kept the lockdowns and handouts going for so much longer than they should have.
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