Summary
Inflation in the U.S. rose 3% in January, with rent alone accounting for 30% of the increase.
Egg prices soared due to avian flu, worsening grocery costs.
Despite pledging to lower prices, Trump blamed inflation on Biden and foreign countries while avoiding specifics on his plan.
In a Fox News interview, he dodged questions about when prices would drop, instead citing trade deficits. The White House press secretary confirmed that the administration has no clear timeline for addressing the rising cost of living.
Also everything was immediately Biden’s fault when he took office after Trump.
In 2024, stocks were high, jobs were strong, feds were cutting rates, inflation was under 3%… Biden did it, the soft landing from COVID. Anyone who paid any attention knew the economy was in a good place and, four years in, only Biden’s admin would have had any affect.
Part of me is weeping for this nation, but another part thinks the nation deserves it for being so fucking stupid.
Yup. Biden managed the economy probably better than any other President in my lifetime. When Kamala was asked if she’d do anything different and said she wouldn’t people threw a fit. Because no one understood that there was a very narrow path to take to get inflation down while avoiding millions of people losing their jobs.
But I guess now people will soon understand how the billionaires will get inflation down really fast. I wonder if the people that voted for Trump who will soon be unemployed will start to appreciate what Joe Biden did a little more. Probably not.
Even when it started under Trump, notably as he sent out the first round of stimulus checks.
The ones he personally insisted be signed with his name, against the law.