Biden to Blame For Rising Prices, Including Gas

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
102,939
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Just look at the increase of the M2 Money supply under Biden...... Biden's solution? Grow it even further.

https://nypost.com/2022/03/08/joe-bidens-spending-not-russias-sanctions-fueled-inflation/

President Biden wants to blame rising inflation on Vladimir Putin. But it was his own policies, long before the Ukraine crisis, that are to blame.

First, the COVID-19 pandemic disrupted the global supply chain in general and the supply of electronic chips essential for automobile and industrial production in particular. Then we had an excessive budget stimulus and monetary policy response to the pandemic that has led to economic overheating. Now we are experiencing the Russian invasion of Ukraine that is sending international oil, food and metal prices through the roof.

But even before the full impact of the Russian sanctions has worked its way through our economy, consumer price inflation had surged to 7.5%. That is the fastest rate of inflation that we have experienced since 1982. In the months immediately ahead we must expect inflation to rise further. The expected surge in gasoline prices alone could increase inflation by 1.5 percentage points.
 

Vic Vaselino

Well-Known Member
Nov 14, 2009
2,295
1,727
1
Just look at the increase of the M2 Money supply under Biden...... Biden's solution? Grow it even further.

https://nypost.com/2022/03/08/joe-bidens-spending-not-russias-sanctions-fueled-inflation/

President Biden wants to blame rising inflation on Vladimir Putin. But it was his own policies, long before the Ukraine crisis, that are to blame.

First, the COVID-19 pandemic disrupted the global supply chain in general and the supply of electronic chips essential for automobile and industrial production in particular. Then we had an excessive budget stimulus and monetary policy response to the pandemic that has led to economic overheating. Now we are experiencing the Russian invasion of Ukraine that is sending international oil, food and metal prices through the roof.

But even before the full impact of the Russian sanctions has worked its way through our economy, consumer price inflation had surged to 7.5%. That is the fastest rate of inflation that we have experienced since 1982. In the months immediately ahead we must expect inflation to rise further. The expected surge in gasoline prices alone could increase inflation by 1.5 percentage points.
I guess the Republicans are impotent, else they would be working to fix the issue.
 

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
102,939
55,831
1
I guess the Republicans are impotent, else they would be working to fix the issue.

Last time I checked, stupid Americans like you gave democrats the majority in both houses.

The republicans have done a fine job fixing the issue. Do you see all the stupid ideas from your party becoming law?
 

Vic Vaselino

Well-Known Member
Nov 14, 2009
2,295
1,727
1
Last time I checked, stupid Americans like you gave democrats the majority in both houses.

The republicans have done a fine job fixing the issue. Do you see all the stupid ideas from your party becoming law?
Does your employer know how much of his valuable time you waste, posting here all day, every day?
 

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