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Bladeslap, from below


Bladeslap, from below  

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Author: Old Guy   Date: 7/20/2021 2:48:23 PM  +1/-3  

You referred that Biden was not responsible for the inflation.  Actually he is totally responsible.  We have inflation today because of 3 major reasons.  

1.  increased money supply.  The M2 money supply under Trump was around $15.41 trillion.  In just a short period of time under Biden that increased 30% to $20.11 trillion.  Biden has flooded the economy with more dollars.

2.  Declining value of the dollar.  Two many dollars in the system, not supported by production. Value is declining.  And companies have to pay more for import goods.  Take a guess when the value of the dollar started to drop on the marketplace.  if you guess when Biden took over you would be right!

3.  The Supply chain.  You are kind of right, but the left is really responsible for most for this, it is not the right that had major lockdowns.  Some states had very Short lockdowns if at all, and there recovery shows it.  I guess you could say that the lockdowns helped stop the virus, but there is NO proof of that.  It just screwed up the supply chain.

The first two reasons are all it takes for inflation,  and Biden is giving us that and wants to give us more.

useful idiot 

 


 
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