First, Biden dumped 1.9 trillion dollars into the economy. 1.9 trillion dollars that was a recovery program for a issue that the US was already recovering from. The GDP from Trumps last quarter was a plus 38%. The economy was already in recovery. No recovery program was needed. But, Biden just dumped a massive amount of money, starting inflation.
I once tried to explain this using marbles on the play ground, but someone does not understand that if more marbles are available and not needed, the value of marbles just goes down. Same as money, to much of it in the market place, when it is not needed, the value of it becomes much less.
Second, Biden started a war on petroleum production. These market forces from Biden started a reduction in the supply of oil. Remember that old supply and demand thing. Well, in the first 6 months of Bidens administration the price of oil went up 38%. Now that is a price increase all over the world. Got it, the price went up everywhere. It did effect other nations at a variable rate, but it did effect everyone.
There is no question that Biden's decisions about petroleum is possibly one of the dumbest thing that has happened In the US. Oh! I take that back, remember illegals coming across the border and Afghanistan!
|
