Yeah, how did all this spending REDUCE inflation?You are fake news-ing again.
Why do you MAGAts think that every hairbrained opinion you just pull straight outta your asses becomes a "fact" just because you say it?
Inflation started its rise at the beginning of the pandemic (Trump's last year) and continued to rise sharply in the first year of the Biden administration before it started to come back down. The reasons are complex but the fact that it was lower under Trump is simply a matter of timing. Trump's economy was good but it wasn't great even before the pandemic. He had higher unemployment than we have now, he blew out the deficit with his tax cuts and his tariffs accomplished zilch. Sure, the stock market was roaring but it's even higher now.
Unlike Trump, who simply rode an already good economy, Biden started out with the massive crisis Trump left him and managed to dig out from under it in record time. No other country in the world has recovered as quickly and had Trump won re-election there's little evidence in his record that he could have done the same. All he knows is tariffs and and tax cuts and he's promising more of the same.
What could be worse than inflation? A return to Trump
Anyone who looks back on the Trump years as a golden time when things were so much better isn't remembering realitywww.salon.com
The Inflation Reduction Act: Here’s what’s in it
October 24, 2022 | Article
The Inflation Reduction Act contains $500 billion in new spending and tax breaks that aim to boost clean energy, reduce healthcare costs, and increase tax revenues.
Net zero is a critical global imperative. But achieving it will come down to actions taken on the national, state, community, and even individual level. In pursuit of net zero, the United States passed the Inflation Reduction Act (IRA) in August 2022. In coming years, the IRA will direct nearly $400 billion in federal funding toward clean energy, with the goal of substantially lowering the nation’s carbon emissions by 2030—and reinvigorating America’s global economic competitiveness, innovation, and industrial productivity. The IRA is one of three major investment bills passed since November 2021; together, the IRA, the Bipartisan Infrastructure Law (BIL), and the CHIPS and Science Act (CHIPS) are projected to inject more than $2 trillion into the US economy.
The Inflation Reduction Act: Here’s what’s in it
