You're defending Biden and creating a strawman argument at the same time.
Of course inflation is transitory. So is continental drift. So is the sun turning into a red giant and consuming the earth.
But that's not the context that Biden used-- and you know this-- yet you defend his words. And inflation isn't controlled by the President-- but the policies of the white house CAN have an effect on the ebb and flow of inflation.
And let's REALLY look at inflation now- the Biden white house tries to say "well inflation is at 3.9% and slowing...."
Well-- we know that is complete and utter bullsh!t. By even a conservative measure, groceries are up 25% since 2019. Gasoline was a national average of $2.55 in 2019.... now it's up to $3.41.
That's over a 25% increase there. Have you SEEN auto and home owner insurance costs? I haven't had a claim on my home OR auto in a decade-- my HO insurance is up 80% and my auto up 60%.
In 2023 I got a quote to resurface my entire pool and build an outdoor cook station-- it was $65k. I found out we were pregnant and didn't want the noise etc to bother the expectant mother- so I put it off. The same guy, same quote came back last week at $105k.
And it's OBVIOUS to John Q Citizen that this is going on. But the media (sell outs) hate Trump SO much that they white wash this economic bad news to protect the current administration.
And yes-- the American economy IS powerful enough to do exactly what you said--- control the world's economy--- even in Germany.
Why did Europe create the EU? So the US, China, India, Russia etc- couldn't control the purchasing power across the globe. Europe wanted a bigger seat at the table. More influence. But the MINUTE the US closed everything down in 2020- the ENTIRE GLOBAL ECONOMY fell into disarray. So YES-- we CAN control the global economy to a very large extent. Not TOTALLY- but we are the main driver.
Biden is irrelevant, i dont need to defend him
Yes, inflation is transitionary.
Yes i have seen my insurance costs. It hasnt changed much for me, sucks for you though that yours went up. You have my sympathy.
Ah yes, price gouging sucks too, my sympathies.
I dont pay attention to media, so for the people that do....they have my sympathy too. They really need it, because they get so angry like you.
I dont think the US is so powerful their president alone can trashcan the entire planet economically causing runaway inflation in every country on earth. I generally pay attention and give folks enough respect that i will listen to everything they say but this is when people start to lose me.
I do however fully recognize that the consequences of what happened in 2020 + the response by all of the world's governments would would hit us like a tidal wave in a few years time, and here we are bearing the brunt of that wave. I also recognize that a boost in demand, amid weak supply chains can (and did) cause widespread shipping and delivery problems. Combined with other factors like lack of access to raw materials, and labor combined to contribute to supply shortages which was fuel for inflation. It's not just some retard monkey pressing buttons in the white house, it's the consequences of a series of decisions made at varying levels of government and private businesses across the whole planet.
Now if you had said it like that I can get behind that. but in this day and age of 'gotcha' politics, people on the right and people on the left only want to look for someone or something to blame. You can win an election if you can successfully convince the electorate that whoever you are running against is the reason for our problems. This mindset is why congress has a 90% re-election rate despite consistently poor approval ratings.
