@RabbitHole There were 3 Covid stimulus packages, the first two approved by Congress under trump, and the third by Congress under Biden . That put a lot of cash in people’s pockets, which they spent – sparking inflation. Housing starts slowed, and too little supply forced housing prices up. OPEC raised oil prices, which ripples through everything. Then the Fed (finally) started raising interest rates, which made borrowing more expensive. Was the President responsible for any of that? NO.Which proves the point. If you forget history, you’re doomed to repeat it.
@RabbitHole There were 3 Covid stimulus packages, the first two approved by Congress under trump, and the third by Congress under Biden . That put a lot of cash in people’s pockets, which they spent – sparking inflation. Housing starts slowed, and too little supply forced housing prices up. OPEC raised oil prices, which ripples through everything. Then the Fed (finally) started raising interest rates, which made borrowing more expensive. Was the President responsible for any of that? NO.Which proves the point. If you forget history, you’re doomed to repeat it.