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I agree, but you left out the most important contributor to breaking the back of inflation....
inicky46 61 Reviews 38 reads
posted

The Fed, led by Chairman Powell. And, in fairness, if you like Powell there are a lot of people to credit, even Trump.
Powell "became a member of the Federal Reserve Board of Governors after being nominated to the post by President Barack Obama in 2012, he was subsequently elevated to chairman by President Donald Trump (succeeding Janet Yellen), and renominated to the position by President Joe Biden."

RespectfulRobert343 reads

My question is, for all the Republicans that blamed Joe mostly or totally for the rise in inflation, will you now give him credit for lowering it?

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inicky4634 reads

Because they are hypocritical partisan hacks.

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cks17539 reads

The White House account had retweeted Press Secretary's tweet on inflation and employment numbers

The White House Twitter account retweeted it with the caption "It’s that easy"

The White House Twitter account retweeted it with the caption “It’s that easy.” The community notes feature of Twitter added a note saying the statistics lacked context since “it is misleading to count people returning to work, after the pandemic, as new jobs”.
The community note further said, “Inflation is half from its (2022) peak, but is nearly 3x the rate when Biden took office”. According to the Budget Committee report, prices are up 15.3 percent under Biden. Inflation remains over three times higher than just a couple of years ago.

U. S. Labor Department data released on July 12, 2023, show that the country’s annual inflation rate for the 12 months ending in June was 3.0%. This comes after a 4.0% increase in the prior quarter.

Related Link: White House Gets Fact Checked On Twitter

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RespectfulRobert35 reads

It was a very simple one. We both agree that inflation has come way down and we both agree that Republicans slammed him when it was high, I would assume. So I ask again. Do you give Joe any credit at all for them falling so dramatically?

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cks17533 reads

That wasn’t a dodge, it was an answer. To put it succinctly, no Biden doesn’t get credit for crawling out of the ditch he drove our economy into.

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RespectfulRobert35 reads

I see now. He takes an "L" when it goes bad, but doenst get the "W" when he turns it around. That is the very essence of partisan hackery.

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BigPapasan48 reads

"Joe?"  You're not very Respectful, Robert.  Haven't you ever heard of the phrase "familiarity breeds contempt?"

 
You could call him Joseph Robinette Biden Jr.   Or you could call him Joe Rob.  Or you could call him Joe Rob Jr.  But ya doesn't has ta call him "joe."

Related Link: RIP Billy Saluga

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impposter58 reads

How, exactly, did Biden do what you claim?

Posted By: cks175
Biden ... drove our economy into [high inflation].
And do you also blame him for global-wide inflation in the same period? And, as the US is leading the world in inflation REDUCTION, did Biden scheme to keep inflation elsewhere in the world higher, just so he can look good?
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http://en.wikipedia.org/wiki/2021–2023_inflation_surge
2021–2023 inflation surge
"A worldwide increase in inflation began in mid-2021, with ***many*** countries seeing their highest inflation rates in decades. It has been attributed to various causes, including pandemic-related economic dislocation, supply chain problems, the fiscal and monetary stimuli provided in 2020 and 2021 by governments and central banks around the world in response to the pandemic, and ***price gouging***. Recovery in demand through 2021 ultimately led to historic and broad supply shortages (including chip shortages and energy shortages) amid increasing consumer demand. Worldwide construction sectors were also hit.  In early 2022, the Russian invasion of Ukraine's effect on global oil prices, natural gas, fertilizer, and food prices further exacerbated the situation. ..."
.
Which of those factors did Biden manipulate to do what you claim? HOW did he do it? Was he hoarding shipping containers in the WH? Is he a senile, doddering old man who can't tie his shoes or is he the third most diabolical evil genius in the world?  
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http://fred.stlouisfed.org/graph/?g=12DYr
Harmonized CPI data: 2016 - 2023  
.
EDIT: Fixed image link

-- Modified on 7/13/2023 4:12:20 PM

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cks17539 reads

How did he do it?
Pushing through massive deficit spending.

Why is the US doing better than the rest of the world?  
It’s not because of Biden. It’s because the fundamentals underlying our economy are stronger than those in Europe and the rest of the world.

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Hpygolky35 reads

A couple of things,  
First Biden, and in all honesty the Blue state governors pushed for an aggressive roll out plan of the vaccination at a time when there wasn't that leadership, and if anyone says trump led the way, then please show me the photo opt he took getting vaccinated, yes  trump did Wrap Speed, but he didn't pitch it, if he did, he'd be president. He just saw covid as an inconvenience.
Then came the American Rescue Plan. that injection of money at that time was HUGE. People had money to spend and being COVID exhausted ,that combination jump started the economy. People were close to foreclosure..the moratorium helped, it bought people time
And because we have the manufacturing capacity here, alot of the goods were done here as opposed to China because of the quick turn around needed to supply the demand, here's where the inflation comes in. Companies had to charge more, to get their goods faster to offset the demand. It's like taking 3 steps forward and one step back. But it put peolpe back to work.
And, if you shop for food like I do, prices are coming down, trust me.
Housing will cool down soon, based on current leases being drawn up now. Those prices are coming down.
Now gas is coming down, not to where it could be, but the Saudis have a hard on for Biden and favor trump, guess anyone wonder why?
The Saudis cutting production oil at a time when the world needs a relief is chicken shit and I'd like to feed the Saudis to the Iranians but there that Gulf thing so..
There's more like Biden's policies that will kick in soon
So republicans can scream Woke, Biden's age and culture wars, because after all...what do they really have?? NOTHING
Interesting to see this board back....wonder how for how long

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inicky4639 reads

The Fed, led by Chairman Powell. And, in fairness, if you like Powell there are a lot of people to credit, even Trump.
Powell "became a member of the Federal Reserve Board of Governors after being nominated to the post by President Barack Obama in 2012, he was subsequently elevated to chairman by President Donald Trump (succeeding Janet Yellen), and renominated to the position by President Joe Biden."

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cks17542 reads

Good to see you back here, Happy. You make some good points but they aren’t translating into favorable numbers for Joe in terms of US public opinion.  

I personally dread a Trump- Biden rematch, and wish both parties would come up with an alternative. Will be interesting to see what impact third parties (West for the Greens, Manchin/No Labels, Yang/Forward) will have on the electorate.

I think P&R has a good chance of hanging in there. With Laffy gone, there’s far less cause for the ad hominem shot flinging, and a greater incentive for us to engage in intelligent and reasonable debate.

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Hpygolky40 reads

As long as everything improves even slightly, people will sit back and say, "We're not in a bad spot with Joe".  
I don't count or measure polls now, Biden really isn't campaigning and the republicans have started their food fight now, so it's waaaaaay to early to look at numbers. And having Biden for four more years won't be the worse thing that can happen. And if in those 4 years Ukraine wins the war and if "Putin is put out" then 2028  will be a blood bath for the republicans. Doesn't matter who the Dems march out for president, shit even Maxine Waters will beat any republican....lol
And as you can see, the republicans are showing us who they are. House republicans aren't helping their party now with all these useless go nowhere hearings.It's only feeding a small electorate. People are losing their patience  
But I can see the Dems marching to a super majority in the House, hold the WH ,the Senate will be tough but not impossible...if trump gets involved in the Senate races....then the dems hold on

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followme36 reads

Here is the deal.

 
A person (for the sake of this example we will call him the big guy) can break something (let’s call the broken item the economy) look the other way and yell scream have a hissy fit and cry It is not my fault and run away.

 
Then some entirely different person comes along and fixes or starts to fix the broken item and modestly walks away not seeking any credit.  

 
But not everything is fixed yet. Look at gasoline, prices at the grocery store etc. it will be 557 days from today that the process of  real repairs start.

 

Let’s Go Brandon

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