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Inflation from Jan 2023 to Jan 2024 was 3.1% according to the CPI. The target is 3%
You are taking for granted the huge rise in inflation from when biden started his unnecessary spending to January 2023. Yes the RATE of inflation may have slowed down but that doesn't address the huge increases in everything that we currently have. We can discuss "figures" and "graphs" all we want but anyone being honest knows that under the policies of Trump there was never any noticeable inflation. Yes there was inflation but not like now. I am still amazed how the biden regime was able to pass a Bill that they sold as "we have to have more wasteful spending to stop inflation"
I thought all that money came from the COVID relief bills in 2020. That was when stimulus checks and Paycheck Protection Loans were given out to everyone adding a whole bunch of extra liquidity that went to business interests.
Not all of this can be blamed on Biden, especially since his spending was into infrastructure and tech. Granted infrastructure can only get you so far, (see China) but it's likely going to be better aimed than thousand dollar checks
This might be a case where we need to rethink fiscal policy across both sides of the isle. I don't think either party is interested in such a measure. That leaves fiscal conservatives SOL when it comes to long term finances.
Totally agree that though not as bad as Democrats, Republicans also suck when spending our money. I live in a RED conservative state and I can tell you that the covid relief stuff was all bullshit. For the few months that I was forced to stay home due to covid restriction nonsense I got paid MORE than what I normally earned. Infrastructure? Have you seen any real road or rail improvements where you live? Were there any infrastructure improvements that make you good with what you know have to pay to buy stuff, even basic food items. Billions went to big Pharma for a vax that few needed simply because Big Pharma funneled a good portion of those government checks back into the campaigns of the clowns in our government. Politics is not black and white. It is grey. People who want to stay in Power and they have no problem fucking us to do it. Overall I think conservative policies yield the best results for everyone. But that doesn't mean that I support every Republican
By business interest you mean employees. People don’t see to understand ppp mainly went to pay employees. For some reason democrats think it went to rich people to buy yachts.
The problem is the inflation adds. When you add it all tougher it’s a rapid price increase in a short period of time. That’s here to stay.