Comment on I feel the actual inflation
dunning_cougar@waveform.social 10 months ago
Inflation is transitory, and it is Trump’s fault for overheating the economy anyways.
Comment on I feel the actual inflation
dunning_cougar@waveform.social 10 months ago
Inflation is transitory, and it is Trump’s fault for overheating the economy anyways.
EhList@lemmy.world 10 months ago
None of this is because of Trump. He is too far removed from office and inflation is typically not the result of something the executive did. The Fed and Congress are much more directly responsible for the economy as they control the purse strings and interest rates respectively.
I have no love for TLFG but he’s not to blane in this case
Torvum@lemmy.world 10 months ago
Love the cognitive dissonance of the populist backlash to Trump where even if you look at his 4 years and realize that logically he was pretty much an average (we haven’t had a decent one in a loooooong time) president in all categories, he’s somehow responsible for every bad in all industries, even where the checks and balances would have prevented him any influence over.
EhList@lemmy.world 10 months ago
Trump is the least capable POTUS in US history with the only possible exception being Pierce. He was an unmitigated disaster for policy and the views of the USA abroad. He was shit.
The catch is he’s not responsible for the current inflation. That’s because the Fed did not act fast enough.