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> The Biden administration decided that the best way to fight inflation was to invent a giant pile og money and hand it out Can you provide some references for

> The Biden administration decided that the best way to fight inflation was to invent a giant pile og money and hand it out Can you provide some references for your claim? IIRC, under Biden, inflation was stoked by the Covid stimulus(arguably necessary to avoid rapid deflation due to Covid, but probably kept for too long) and the Fed moved pretty decisively in the second half of the Biden presidency to raise interest rates rapidly to combat inflation. FWIW, the inflation issue seemed to be under control and heading in the right direction before the administration changed.

dgfitz 1y ago
> IIRC, under Biden, inflation was stoked by the Covid stimulus(arguably necessary to avoid rapid deflation due to Covid, but probably kept for too long) I think you answered your own question.
- walls 1y ago
  Do you know who was president in March 2020, when that happened? I'll give you a hint: he put his own name on the checks.
  - TimorousBestie 1y ago
    Regrettably, everyone more or less memory-holed this. Biden is held responsible for all the bad things that happened because of COVID, and Trump escapes any blame whatsoever despite, yknow, advocating for bleach injections or whatever that was.
    - elevation 1y ago
      > “you’re going to have to use medical doctors but it’d be interesting to check that” [0] [0] https://m.youtube.com/watch?v=zicGxU5MfwE https://m.youtube.com/watch?v=zicGxU5MfwE
      - TimorousBestie 1y ago
        Man, I forgot that he almost used to sound lucid every once in a while, in those days.
  - dgfitz 1y ago
    The quote I quoted said, quite literally, “under Biden” I offered no new information
- deleted 1y ago
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- deleted 1y ago
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ThinkBeat 1y ago
Ever hear about: Inflation Reduction Act¹ It authorised $891 billion in total spending – including $783 billion on energy and climate change, and three years of Affordable Care Act subsidies in order to...... Reduce Inflation. https://en.wikipedia.org/wiki/Inflation_Reduction_Act https://en.wikipedia.org/wiki/Inflation_Reduction_Act

dgfitz 1y ago

> IIRC, under Biden, inflation was stoked by the Covid stimulus(arguably necessary to avoid rapid deflation due to Covid, but probably kept for too long) I think you answered your own question.

walls 1y ago
Do you know who was president in March 2020, when that happened? I'll give you a hint: he put his own name on the checks.
- TimorousBestie 1y ago
  Regrettably, everyone more or less memory-holed this. Biden is held responsible for all the bad things that happened because of COVID, and Trump escapes any blame whatsoever despite, yknow, advocating for bleach injections or whatever that was.
  - elevation 1y ago
    > “you’re going to have to use medical doctors but it’d be interesting to check that” [0] [0] https://m.youtube.com/watch?v=zicGxU5MfwE https://m.youtube.com/watch?v=zicGxU5MfwE
    - TimorousBestie 1y ago
      Man, I forgot that he almost used to sound lucid every once in a while, in those days.
- dgfitz 1y ago
  The quote I quoted said, quite literally, “under Biden” I offered no new information
deleted 1y ago
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deleted 1y ago
[deleted]

ThinkBeat 1y ago

Ever hear about: Inflation Reduction Act¹ It authorised $891 billion in total spending – including $783 billion on energy and climate change, and three years of Affordable Care Act subsidies in order to...... Reduce Inflation. https://en.wikipedia.org/wiki/Inflation_Reduction_Act https://en.wikipedia.org/wiki/Inflation_Reduction_Act