Thursday, August 05, 2021

Joe Biden inflation

Sundance writes,
Trump’s massive, and in some instances targeted, import tariffs against China, SE Asia, Canada and the EU not only did not increase prices, the prices of the goods in the U.S. actually dropped. Trump’s policies led the largest deflation in consumer prices in decades. At the same time, Trump’s domestic economic policies drove employment and wages higher than any time in the past forty years. With Trump’s policies we were in an era where job growth was strong, wages were rising and consumer prices were falling. The net result was more disposable income for the middle class, more demand for stuff, and ultimately that’s why the U.S. economy was so strong.
Read much more here in order to understand the inflationary period we are now experiencing: https://theconservativetreehouse.com/blog/2021/08/04/an-honest-explanation-about-joe-biden-inflation-and-it-has-nothing-to-do-with-covid/#more-214959

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