Originally Posted by
MaxQ
The world-wide inflation that occurred with the easing of covid restrictions was basically econ 101. Supply and demand.
The easing of restrictions caused an immediate increase in demand. The idle supply chains couldn't begin to supply this demand and hence inflation.
Duh.
As supply chains caught up, inflation eased.
None of this was or is rocket science. It was pretty basic stuff, but any attempts to so state was immediately attacked as partisan apologist type defense of the Biden Administration.
Rule of thumb.
Barring a black swan type event/phenomena, in the US the first 2 years of an administrations economy belong to the previous administration. The third year is a blending. Only in the fourth year of an administration does that administrations economic philosophies/policies start to have visible and measureable outcomes that they completely own.
9/11 was a Black Swan event.
For better or worse, Trump is a Black Swan phenomena.
Such a ridiculous post I don't even know where to begin. Ill just say the president has the ability on day ONE to influence the economy. The idea it takes 3 years is so over the top ridiculous im shocked anyone would make that claim.