zorg1000 said:
Further proof that Republicans are not better with the economy like they get credit for. Trump just goes on about how prices were lower when he was president but doesn’t give any legitimate plans to make that happen again or what he specifically did to make the economy strong in 2017-2019. He came into his presidency after 7 consecutive years of steady GDP growth, declining unemployment rate & low inflation. All he did was not fuck up Obama’s economy before Covid hit. |
He doesn't understand that falling prices across the board are just as bad but in a different way. The way to handle the problem (high prices overall) is slowing natural inflation and increasing wages.
Now dropping energy costs by itself is different but you damn sure don't get lower energy prices simply by drilling more. For one, US oil isn't well suited for gasoline or similar products. Our refineries for gasoline are largely designed for a different weight of crude oil that we still have to import. Drilling more of the same stuff doesn't help.
Also, we drill more now than under Trump. Technically, more than ever before.
Billions of barrels per day:
2017:13,140
2018: 15,321
2019: 17,136
2020: 16,493
2023: 19,365
To the privileged, equality feels like oppression.
