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WrongdoerClean7529 t1_iugr8of wrote

Reply to comment by Wide_Television_7074 in Losing my house because of Inflation… thanks Uncle Joe by Zealousideal_Walk515

Found the idiot. Inflation occurred to due Trump forcing the Fed’s hand during the stock market Covid crash. The monetary policy started with Trump and did continue under Biden but both are at fault for being asleep at the wheel.

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Gael459 t1_iugudvr wrote

More complicated than either of you are saying. One thing didn’t “cause” inflation, however both of those factors contributed heavily.

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Wide_Television_7074 t1_iugru6b wrote

If Biden hadn’t constrained oil and gas production; our inflation rate would have been much lower. He also wouldn’t have had to drain the strategic petroleum reserve which will be very harmful next year. He took an energy independent country and made us reliant on foreign frenemies. The stock market is punishing us for those (Joe Biden’s) policies.

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WrongdoerClean7529 t1_iugs3cj wrote

That has nothing to do with the current woes of the stock market or general inflation. The fed is triggering a recession by using monetary policy called quantitative tightening. You’re spouting republican talking points. Read and expand your mind a little.

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Gael459 t1_iuguiuc wrote

Bidens spending bills, and specifically stimulus money, decreased unemployment and increased inflation. It was necessary to some extent but he way overdid it. We should not have been back sub 4% unemployment in a year. A slower more natural recovery would have prevented the rampant inflation, and the fed would not need to raise rates as much.

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