In his usual editorial reality reversal, Ramirez continues to cast blame on those solving the problem and seemingly defend those who caused the problems.
Biden has saved our economy and avoided the recession everyone was predicting, but people are not “feeling it” because of the lingering economic hangover caused by Trump’s catastrophic economic devastation.
Biden has reversed the inflationary pressures that Trump set in motion that drove inflation to 9%, and Biden has brought inflation down to almost 3%, but that does not undo the Trump price increases and the price gouging that Trump set in motion and which people are still feeling. The pace of inflationary increase has slowed to a trickle, but prices have not gone back down to what they were before Trump broke the economy, although we are now seeing a rush in some retail and fast-food sectors to compete for price cuts to bring back customers.
The pain people are still feeling is the pain of the Trump legacy. As a result, many uninformed voters are so blind to the economic recovery currently in progress that they want to return to more of what caused this economic misery in the first place.
Trump’s mishandling of the pandemic crashed the stock market (it has currently rebounded to more than double what it was when Biden took office), drove unemployment to almost 20% (Biden has now brought it down to under 4% for the longest stretch in more than 70 years) and broke the supply chain, driving up inflation (a lagging economic indicator that hit hardest after Trump left office) to over 9%.
And, despite some setbacks in the courts and delays in implementing rule changes, Biden is the first president in decades to ramp up anti-trust enforcement aimed at price gouging, which is the real cause of current inflation as supply chain costs to wholesalers return to normal while consumer prices do not due entirely to price gouging.
In his usual editorial reality reversal, Ramirez continues to cast blame on those solving the problem and seemingly defend those who caused the problems.
Biden has saved our economy and avoided the recession everyone was predicting, but people are not “feeling it” because of the lingering economic hangover caused by Trump’s catastrophic economic devastation.
Biden has reversed the inflationary pressures that Trump set in motion that drove inflation to 9%, and Biden has brought inflation down to almost 3%, but that does not undo the Trump price increases and the price gouging that Trump set in motion and which people are still feeling. The pace of inflationary increase has slowed to a trickle, but prices have not gone back down to what they were before Trump broke the economy, although we are now seeing a rush in some retail and fast-food sectors to compete for price cuts to bring back customers.
The pain people are still feeling is the pain of the Trump legacy. As a result, many uninformed voters are so blind to the economic recovery currently in progress that they want to return to more of what caused this economic misery in the first place.
Trump’s mishandling of the pandemic crashed the stock market (it has currently rebounded to more than double what it was when Biden took office), drove unemployment to almost 20% (Biden has now brought it down to under 4% for the longest stretch in more than 70 years) and broke the supply chain, driving up inflation (a lagging economic indicator that hit hardest after Trump left office) to over 9%.
And, despite some setbacks in the courts and delays in implementing rule changes, Biden is the first president in decades to ramp up anti-trust enforcement aimed at price gouging, which is the real cause of current inflation as supply chain costs to wholesalers return to normal while consumer prices do not due entirely to price gouging.