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YES, he really did that.
Sep 24, 2023 16:33:58   #
travelwp Loc: New Jersey
 
YES, he really did that.

The prices of cars and homes have both grown increasingly out of reach for average Americans as inflation continues to degrade real wages.

The heightened inflation that the U.S. is experiencing is fueled by the Biden administration’s policies of excessive government spending, which have led the Federal Reserve to raise its federal funds rate, driving up costs and interest rates.

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Sep 25, 2023 16:58:56   #
thom w Loc: San Jose, CA
 
travelwp wrote:
YES, he really did that.

The prices of cars and homes have both grown increasingly out of reach for average Americans as inflation continues to degrade real wages.

The heightened inflation that the U.S. is experiencing is fueled by the Biden administration’s policies of excessive government spending, which have led the Federal Reserve to raise its federal funds rate, driving up costs and interest rates.


Take your pick old man, inflation or high interest. Sometimes medicine tastes bad, but you're a goner if you don't take it. Have you always been this quick witted?
Why don't you explain the mechanics of how your theory works?

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Sep 25, 2023 20:50:50   #
jim quist Loc: Missouri
 
Yep he sure did

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Sep 25, 2023 22:27:17   #
rwoodvira
 
[quote=travelwp] I think this conversation is similar to one that I answered for you before. You are over simplifying the blame.

I'm not a fan of Biden, and certainly not of Trump either.

Here's a pretty good explanation by an economist in August of this year:

https://www.cnbc.com/select/why-is-inflation-so-high/

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