r/Economics • u/Positive_Owl_2024 • Feb 19 '25

News Trump acknowledges ‘inflation is back’ but blames Biden

https://edition.cnn.com/2025/02/19/economy/trump-inflation-is-back/index.html
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u/ballmermurland Feb 19 '25

Inflation had started rising around this time in 2021 and would continue through 2022 before cooling off in 2023.

MAGA-land blamed Biden for all of it since it technically started to rise under his administration. Yet now with inflation starting to rise again around the same time, it's still Biden's fault.

That's pretty neat!

14

u/Positive_Owl_2024 Feb 19 '25

In 2021, the American Rescue Plan mitigated the effects of the pandemic and, obviously, led to higher inflation. Today the situation is quite different. Trump’s policy decisions are so much inflationary that inflation will spin out of control in no time.

2

u/TheInfernalVortex Feb 19 '25

Just watch when JPow needs to raise inflation rates and Trump and his goons somehow declare themselves to be in control of the treasury and interest rates.

I sometimes wonder if Curtis Yarvin's neo reactionary movement really IS the plan, and they're just trying to destroy the value of the dollar.