According to the San Francisco Fed, not only did Democrats’ spending increase inflation, it’s why the U.S. has higher inflation than most developed nations.Democrats ignored the inflation warnings from former Obama-Biden Administration officials, including former Director of the National Economic Council Larry Summers, former “Auto Czar” Steven Rattner, and former Chairman of the Council of Economic Advisers Jason Furman. (In fact, Furman attributes at least 2.5 percent of current inflationary pressure to the massive bill.)
This is from May, 2022 and it was true at the time. It no longer is true. The United States no longer has higher inflation than most developed countries. This is the Financial Times world inflation tracker and has more up-to-date information. The Financial Times puts the US inflation as of today at 3.7%, which is in the top 40% of countries with lowest inflation.
Fact: Inflation has increased since the day President Biden took office in January 2021, and began its rise to the fastest rate in 40-years directly after Democrats rammed through their partisan $2 trillion so-called COVID stimulus.
Data from the U.S. Bureau of Labor Statistics provides a month-by-month record of inflation rates, which includes Biden’s presidency.
Since he took office, the rate of inflation rose from figures of 1.4% in January 2021 to 8.3% in April 2022, peaking at a more than 40-year historic highs of 8.5% in March 2022.
So far so good. Now has it increased since the day President Biden took office?
But rates haven’t gone up literally every month, as is claimed, remaining roughly level month on month between June-September 2021, and slowing slightly in April 2022.
The latest CPI data is further evidence that aggressive Federal Reserve rate hikes finally have inflation trending steadily lower. Year-over-year CPI inflation hit a 40-year high of 9.1% in June 2022, but it has now fallen for 12 consecutive months.
No for that one. Now how about that stimulus package. When did that happen? Was it right before the inflation hit its peak.
https://Www.Nytimes.com/2020/10/01/us/politics/
Updated Dec. 22, 2020WASHINGTON — House Democrats pushed through a $2.2 trillion stimulus plan.
Ohh. Another miss. That’s not 2022, so that one is wrong too. I would have to rate this “as not quite factual”. Or as I like to call it “Rand al’Thor and facts are not well-acquainted.”
“boycott” – what Rand al’Thor thinks that beb01 should do.
me – another highly intelligent person who keeps repeating “boycitt” every time Rand al’Thor’s refers to beb01’s “boycitt” and insists on calling it a “boycott” when it so obviously is not one.
I just checked that strip as well. You are making quite an assumption just because her hand is by her side and hidden by Piro.
It was an assumption yesterday. The reader could not see exactly what is going on. However, today she has moved to unmistakable touching; so, yesterday’s assumption is less of an assumption.
According to the San Francisco Fed, not only did Democrats’ spending increase inflation, it’s why the U.S. has higher inflation than most developed nations.Democrats ignored the inflation warnings from former Obama-Biden Administration officials, including former Director of the National Economic Council Larry Summers, former “Auto Czar” Steven Rattner, and former Chairman of the Council of Economic Advisers Jason Furman. (In fact, Furman attributes at least 2.5 percent of current inflationary pressure to the massive bill.)
You are quoting from this source:
https://Waysandmeans.House.Gov/fact-check-debunking-six-misleading-inflation-claims/#:~:text=FACT%3A%20The%20U.S.%20has%20higher%20inflation%20than%20most,the%20economic%20collapse%20due%20to%20the%20COVID-19%20pandemic.%E2%80%9D
This is from May, 2022 and it was true at the time. It no longer is true. The United States no longer has higher inflation than most developed countries. This is the Financial Times world inflation tracker and has more up-to-date information. The Financial Times puts the US inflation as of today at 3.7%, which is in the top 40% of countries with lowest inflation.
https://Www.Ft.Com/content/088d3368-bb8b-4ff3-9df7-a7680d4d81b2