General Discussion
In reply to the discussion: I think sometimes, as Democrats, we get stuck in our own liberal bubble [View all]spooky3
(36,413 posts)What I have heard liberals say is somewhat different. They say:
yes, inflation has been bad. The pandemic and mismanagement of it was the primary cause of why. If you are hurting, why arent you blaming Trump, and what exactly did he do as Prez and what exactly WILL he do as Prez to LOWER prices (which has rarely happened without a disastrous recession)?
inflation is now about 2.5% per year, because the Fed Reserve has raised interest rates to make it harder for people to borrow a lot of money to buy stuff; easy money pushes up prices. The Fed is independent of the Prez. Presidents have little control over free market economies, especially when their party does not also control Congress. It doesnt make high prices easier to cope with but you have to have an understanding of how economies work and what really influences prices to know what can and cant be done.
working peoples incomes on average per DOL have increased MORE than the rate of inflation over the past 3 years. Yes, its still tough on retirees and others whose incomes have not kept up.
and so on.