Are you serious? Inflation and gas prices would like a meeting with you.
For the record - I'm not a fan of Trump. But to say Biden has been a good president is a joke. They both suck. I wish we had two different candidates to vote for.
Absolutely not joking. Biden has been a fantastic president actually IMO, he's been doing a bang up job, and I mean that non-ironically. Yes the GOP talking points have taken hold, and inflation in particular has been brutal, but IMO these things need more context to fully understand. Let me put it this way, the president doesn't control inflation and only has indirect control over it. Inflation is due to money supply in the market, which is not anything the president has direct control over. The president has only minor control over things such as setting an agenda and the bully pulpit, he doesn't even introduce bills, he just signs or veto's them. Interest rates, as well as government spending and taxation is what drives inflation. Inflation is a lagging indicator of policy, if you want to take a quick analysis, bear with me real quick as we look back the last few years.
- In 2017 Trump passed tax cuts that pumped trillions of dollars of extra currency into the market (This also dramatically exacerbated wealth inequality)
- Interest rates (set by the fed not the president) remained irrationally low for years which again basically pumped money into the economy
- During COVID there was trillions of dollars of stimulus payments to both consumers and businesses
- During COVID there was massive issues with supply chains and labor markets which both were completely unprecedented
- Putin invaded Ukraine which threw the oil market through the ringer
- In Biden's first two years the Inflation Reduction Act and infrastructure bill passed
Out of all of these bullet points, which one of these is a direct result of Biden as president? If anything we should be glad that Biden is/was president when he was, as what Trump has suggested he wants is to be able to set interest rates himself. He's made statements that he wants to cut interest rates which would introduce even more currency into the economy --- while there's already way too much money supply in the market already. That's a dangerous and stupid thing to do on so many levels.
Biden's team, and especially Jerome Powell should receive a freaking medal for how they've handled the economy IMO. Powell was first seated by Trump, and is one of the few really smart things he did while president that I believe he deserves a lot of credit for. Powell has masterfully avoided a recession, while simultaneously helping lower inflation. I mean holy shit, yes inflation has been bad, but put things into perspective and look at how bad things were in the late 70's with stagflation, or the early 80's recession, the 2001 dot com bust, or 2008 great recession and we should be thankful we avoided a repeat of any of that. The 2008 recession stuck around for years and years, and inflation has been brought down to about 3% after exploding early in Biden's term.
Does inflation suck? Yes, of course, but dude Trump is absolutely not the answer, not for the economy, nor for America.