rapsuperstar31 said:
Yes, other things added to it such as Wheat prices increased when Putin set foot in Ukraine. Mortgage rates were a direct effect of covid but also increased because Trump kept them low during an economic boon area which started under Obama. The stock market had a brief correction in 2018 when they tried to increase rates, and Trump freaked out on the treasury and made them drop rates. Rates dropped further during covid, and eventually had to go up. Guess what they went up everywhere even in European countries that once had negative interest rates. Do some non biased research, it's not hard to do. |
Ohh, so you agree with me that there's more to it than covid. You can reconcile your contradictions later.
If we must platitude, I got my research from Brookings, an unbiased think-tank cited equally by liberals and conservatives.
the-pi-guy said:
And which of these are you blaming the current administration on? A lot of different things are factors. The Russia Ukraine war meant oil has more competition. Which will affect transportation and other goods. Covid was absolutely massive though. The shutdowns that started under Trump's administration and reopening caused two huge shifts. Companies spent many billions to adjust to people staying at home. There were tons of shortages in tech, household goods, etc. And a lot of that has reversed in a pretty ugly way over the past couple years. Other things were factors absolutely, there are always a "billion" factors. But Covid was a massive one, and that wouldn't have been notably different regardless of who was president right now.Â
Personally I consider spending amounts to be just a small piece of the puzzle. It's not something that particularly concerns me in isolation. What matters is where it's going, how's it being spent, how it's being paid for. Take for example, healthcare spending. Universal healthcare was projected to cost something like $34 trillion over a decade. That's an absurd amount, and yet it's less than what we are projected to spend on our current healthcare system. So I consider the savings worth it, as well as the problems it solves. |
It was never about the context, but thank you, I agree. I never blamed the current administration, rapsuperstar made the claim that it wasn't their fault so the burden of proof was asked of him. rapsuperstar made the claim of it being *only* covid that caused inflation and I was challenging him on it.
"You should be banned. Youre clearly flaming the president and even his brother who you know nothing about. Dont be such a partisan hack"
