It is clearly a political policy. The administration has said so itself, they seek a "great transformation to a green economy" and you know its true and are giving them cover. Trump handed Biden an economy with 2% inflation and $2 gasoline. Inflation now stands at 11% and nearly $6 gasoline. It is either incompetence or it is a policy. The Transportation Secretary has said it is a policy. I'll take him at his word.
So a political response to an economic question.... got it... Snarkhund: trump handed Biden 2% inflation and $2 gas December 2020 CPI 7%... facts matter
https://cpiinflationcalculator.com/2020-cpi-and-inflation-rate-for-the-united-states/ Inflation shown for January 2020: 2.5% Fact.
you just said fact and then got it wrong... wait.... please dont tell me you think Biden took office January 2020.... your credibility just got flushed down the toilet. you cant make this shit up. THIS IS WHY I SAID HAVE A ECONOMICS ARGUMENT WITH ME NOT A POLTICIAL ONE... the bias always clouds the discussion.
Are peoples expectations of inflation different under Biden than what they were under Trump? Or Obama? Or Bush?
What month would you like to cite then? I mean, if you cannot even concede factual impartial numbers produced by the government itself then its probably not possible to debate. So emo. Its like arguing with a child.
https://cpiinflationcalculator.com/2021-cpi-and-inflation-rate-for-the-united-states/ For January 2021 the National Inflation Rate is shown to be 1.4% but I thinks its more representative to talk about Trump during his tenure, not the month he handed the economy to Biden. But... fine. It was 1.4% according to the United States government. Joe ran that up to present levels: https://cpiinflationcalculator.com/2022-cpi-and-inflation-rate-for-the-united-states/ which shows for January 2022 being 7.5% not the 11% I claimed. Regardless, clearly Biden is not able to competently manage the economy and particularly the transportation and energy sectors. Its a policy of incompetence and gaslighting.
There is no doubt about Biden's incompetence so you get no argument from me.... but to say he caused inflation spike simply by being president ignores the entire global economy and basic economics. Also your charts if you believe them shows inflation lower under Obama but you wont make the argument trump raised inflation with tax cuts and covid handouts. that is why you need to avoid the political argument if you can. What caused the inflaiton spike in Brazil... Denmark.... UK? It was not Biden. As for the transportation sector... the logsitics crisis started in Asia and still exists there because we import almost everything from Asia. Same with Europe. a president just gets on tv but when you have millions of containers and just a few trucks and workers available....you can guess what happens. Unless Biden can shit trucks, cranes, drivers and longshoremen, neither he nor DOT Pete can do much except get camera time. And I dont mean to disappoint you but if trump won he would be in the same boat except the media narrative would have been different. remember no one knows more about logistics than trump I guess.
Ugh you claimed inflation as of Jan 2020 to be the date trump handed it to Biden..... dont try and back off of that now as though I am wrong