Like Biden, Trump has an inflation problem. Unlike Biden, Trump's is self-inflicted [View all]
The evidence, both anecdotal and quantitative, is piling up: Inflation is back with a vengeance.
Two back-to-back reports this week showed painful price increases across the economy, and they’re not going away soon. Consumers are flagging, pummeled by years of high prices and the sense that no one in power really cares.
“I don’t think about Americans’ financial situation,” President Donald Trump told reporters when asked whether the strain on Americans was a consideration in his negotiations with Iran. “I don’t think about anybody. I think about one thing: We cannot let Iran have a nuclear weapon, that’s all.”
Much like his predecessor, Joe Biden, Trump has an inflation problem. The difference is that the price surges happening on Trump’s watch are indisputably, directly linked to his policy decisions: namely, tariffs and the Iran war. Not even Biden’s harshest critics can argue in good faith that he somehow caused a global pandemic before taking office or that his policies prompted Russia to invade Ukraine.
https://finance.yahoo.com/economy/policy/articles/biden-trump-inflation-problem-unlike-110050108.html
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