Biden thought inflation was at 9% when he took office which it wasn't. So you choose, is biden a liar or an idiot?
I believe that Biden exaggerated the inflation rate when he took office. That is what presidents do- INCLUDING TRUMP.
First of all, the Consumer Price Index is not the Holy Grail! It is at best a stab in the dark. Is it an ongoing audit trail for the price of a basket of goods? YES? But whose basket of goods- Yours? Mine? A Basket of goods, or a basket of commodities? A Basket of necessities, or a basket of luxury items? The point is, the CPI is inherently flawed and FULL OF SHIT, and is in no way a reflection of the true cost of living or economic barometer that is anywhere close to being accurate or even helpful information.
So forget the rate of inflation, if you are using the CPI as a measure of rate of inflation when president's take or leave office, because it is BULLSHIT and everyone should understand that.
And I will also say that The Bureau of Labor Statistics is also inherently flawed in it's information on jobs, as well, who actually publishes the CPI. And I will tell you why. Because all of the new jobs added to the market each month, according to the Bureau Of Labor Statistics, could very well be the very same revolving door sorry ass job advertised on Craigslist,, that include the ones that- where new hires take their first break, they run for the hills, and you never see them again. In other words, the very same job, of sitting on a phone harassing potential buyers into buying a burying policy, is filled over and over again every 2 to 3 days, shows up on jobs report as 12 jobs added last month. Well, 1 job is not 12 jobs. So you can see how these reports are inherently flawed. But all governors, presidents, and politicians use the reports to pad their performance- INCLUDING TRUMP, BIDEN, and every president that ever held office.
Look, I didn't blame Donald Trump for inflation that effected me during the Covid Pandemic era, and I am not blaming Biden for the inflation caused by the Pandemic Recovery period either.
i am actually above THAT KIND OF POLITICAL horseplay and "i got you" 3RD GRADE MENTALITY AND FINGER POINTING THAT IS PLAYING OUT ACROSS AMERICA RIGHT NOW.
Here is the deal, this was a Global Pandemic, and it was natural for the world to experience an unavailability of goods and services, shortages, high prices, during the pandemic, and then have to go through a slow recovery period of inflation.
So, unless people are willing to accept these realities, I do not even want to discuss who was to blame for this Phenomena.
All this talk about inflation, and who is to blame for it, is nothing more than Political Haymaking because PEOPLE STARTED POLITICIZING THE PANDEMIC FROM THE MOMENT IT LANDED HERE- ALL THE WAY THROUGH TILL TODAY- and we are still not totally out of the recovery period yet as of today!
But, once the finger-pointing starts- IT NEVER ENDS.
The best thing- is don't point fingers- or surely fingers will end up pointing right back at you!
And then the world becomes a CIRCLE JERK- JUST LIKE THE JPP ENVIRONMENT HERE TODAY!!