Counter argument: Racist!
sarc-
Notice how when we had 8.5% inflation it wasn’t that much of an issue. Notice how when the fuel at the pumps was even higher than today it wasn’t that big of an issue.
Now suddenly all these things are big issues. Why?
“Notice how when we had 8.5% inflation it wasn’t that much of an issue. Notice how when the fuel at the pumps was even higher than today it wasn’t that big of an issue.”
Who are you, Rip van Winkle?
It was a HUGE issue. Although the actual rate receded to 3% at the end of Biden’s term.
President Trump won in large part due to his promises to bring DOWN prices, not simply to lower the rate of inflation.
“Starting on day one, we will end inflation and make America affordable again, to bring down the prices of all goods.”
“Under my administration, we will be slashing energy and electricity prices by half within 12 months, at a maximum 18 months.”
“We will eliminate regulations that drive up housing costs with the goal of cutting the cost of a new home in half. We think we can do that.”
Gas prices in December of 2024 were averaging $3.04 per gallon, according to AAA. We’re now at $3.98.
Need to put a boot up the ass of the Federal Reserve to lower interest rates. In fact the only thing the Fed should be doing is making sure our money is sound, not diddling interest rates.