Who is most responsible for the inflation we've seen for the past 3 year?

Question

Trump administration pumped a ton of money into the economy and printed a ton of money.

Fed kept saying inflation was "transitory" and waited to act

Biden admin kept saying "transitory" and kept spending and printing money

normalice · Accepted Answer

Honestly, as someone who is definitely going to vote Biden, the Biden administration is more responsible for inflation. The choices were to fall into a depression or to pump money into the economy to avoid a depression but at the cost of inflation. Inflation was the burden we all bear such that the least among us could survive when resources became scarce.

Of course, it could certianly be said that Trump was the reason resources became scarce in the first place (i. e. by negotiating with the saudis to permanently keep gas prices high, plus all the other standard republican pilicies of the last 40 years that consolidates power and resources among the rich), but that's beside the point. Biden made the decision to deal with inflation instead of dealing with another great depression. It was a hard decision because no one ever gets credit for avoiding catastrophe when people dont agree ome is in the pipes (or at least dont agree with how it got there). The politically advantageous plan would have been to let the depression hit and get ahead of it by blaming Trump. Instead Biden made the decision to do his job and I respect that.

lightbulb27 · Accepted Answer

the American people. you don't like the results, change them.

govt with a printing press will always do what the've done and blame someone else. you have to say "no". Trump was saying no better than others, in some areas... like in regards to handing out money, controlling border, pushing back on cost of military equipment.

biden admin is really bad

fed is the inflator, but they just give the people what they want.. control.

IslaTheWitch · Accepted Answer

The global events? If you think that pandemics and war in Ukraine didn't make a negative impact, you don't understand how combined economics work.

The whole world faces inflation and recession... Even if your government were perfect, the global economy is impacted by all countries. And believe me, it's bad in Europe. And here every country has a different government and politics... and it still is bad.

chrissykerdock · Accepted Answer

biden stopped drilling... so gas prices went up... so trucks delivering food prices went up... so did other products... government makes money more taxes to collect... biden doesn't work for america per se

exitseven · Answer

We had 1.4 percent inflation when Trump was president. As soon as Biden was sworn in prices started to go up. First it was gas prices. They rose from 2 dollars to over 5 dollars seemining overnight. Then everything else got expensive. The Biden administration would only cop to 9 percent but the reality is it was more like 19 percent if you counted gas and food.

DryGermanGuy · Answer

Covid19 plus all measures against it War in Ukraine Terrorism in the Red Sea against shipping

Paul09 · Answer

The government and the Uber rich decide that... Because the rich want to get richer... greed Mofos

NathanDavis · Answer

politicians...

Zestyassmf1997 · Answer

They’re all just rich oligarchs.

Anonymous · Answer

Biden, of course.

Anonymous · Answer

Biden

Anonymous · Answer

Biden.

Who is most responsible for the inflation we've seen for the past 3 year?

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Inflation is out of control. Who or what is to blame?

Who is most responsible for the inflation we've seen for the past 3 year?

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Inflation is out of control. Who or what is to blame?

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