WhatsappInflation is not a simple matter to dissect and understand. But it is not an act of G-d either. It appears due to failed fiscal policy and worldwide events that are not properly reacted to. The Biden administration has taken on the narrative that inflation does not stem from policies that they have adopted. But then the question begs, “Why did the US not see inflation during the Trump administration?”
Admittedly, sometimes economic realities are beyond the abilities of the Oval Office to control. In 1991, George H. Bush ably managed world affairs from the Oval Office as the so-called New World Order developed. But, he and many others did not expect the big economic downturn that ultimately led to his losing his reelection bid. What caused this? It is debated till today. Some say it was his new taxes that stunted growth. Some say that he had no control over this. It is indeed a debatable point.
But the present day economic realities in the USA can be clearly seen as a result of Biden-era policies. The inflection point is is clearly Jan. 21, 2021. The day Biden took office, the massive governmental spending of the Obama administration resumed. The tax and spend policies of the Democrat Party has stunted economic growth on nearly every level. But no shift has occurred as of yet. The midterm elections will probably be the next major inflection point.
Biden is not only clueless on economics. He is clueless in general, yet still able to read from a teleprompter. The economic weakening of the United States on the world stage is emboldening Russia, China, and other bad actors. We need a major reset before China and Russia continue their collusion in advancing their power eastward and westward. Otherwise, World War III will be closer than we may think.
