Pirate's Cove

Oh, wait, not, sorry, since Biden is president, this is about government being limited in what they can do

What can the government do to stop or slow inflation?

Inflation in the U.S. rose 8.5% in March, compared with the prior 12 months, marking the highest increase since 1981, according to the Labor Department’s Consumer Price Index.

Between February and March, inflation rose 1.2%, making for the biggest month-to-month jump since 2005.

And the media was blaming George W. Bush directly for it

According to several economists and other financial experts, high consumer demand in the economy — met with low supply — is the main factor driving inflation. The war in Ukraine is also driving up prices, specifically on oil and food, they said.

And the government is limited on intervening, according to experts who spoke with ABC News.

Experts also told ABC News that inflation is likely to be an issue in the coming months, one even saying they expect it to last for years.

See? It’s not Biden’s fault, er, the government’s fault. It has nothing at all to do with spending way too much money, policies restricting the energy sector, lockdowns, and even just things that Biden and his Comrades say they’re going to do. Government cannot do much at all! What happened when inflation was bad during the early Reagan years, thanks to Carter policies and other things? Reagan enacted policies that helped free the economy and charged it up.

Certainly, normal consumer demand and poor supply is a big factor. But, this is all a way for ABC News to absolve Biden of any responsibility. That’s it. Because plenty of economists and financial experts will tell you his policies are, at best, not helping. Spiking energy prices from natural causation and Biden policies hurts inflation.

Consumers traditionally spend the bulk of their money on services, but during the pandemic, demand shifted toward goods, Stacy Tisdale, financial journalist and founder of Mind Money Media told ABC News.

“You saw that breakdown, you saw manufacturers not be able to keep up with that demand, you saw the challenges that manufacturers were having, because of COVID, then you saw the supply chain disruptions. And that’s kind of what’s underpinning all of this,” Tisdale said.

Yes, true. Like I tell people, you had all the mining for metals and precious metals shut down around the world early in the Chinese coronavirus pandemic. You had all the production on all the parts that go into new vehicles shut down, including all the microchips. You had production of vehicles shut down. In some cases, such as if they were assembled in Canada, they were shut down multiple times. You can only mine so much. You can only then make so many products, such as sunroofs and brake pads. How do you catch up? Reportedly, lots of 2023 redesigns will not have fog lights where they would usually have them because of this.

Now do this with everything else. What was the big demand during early COVID? Other than paper towels, cleaning supplies, and toilet paper, it was really computers and tablets. It wasn’t cars or so many other products. Demand for gasoline was down. When things sorta started getting going in the summer and fall of 2020, demand wasn’t higher than normal. Is demand above normal now? No. Can Biden really do much about that? Only so much. He’s screwed enough up during his just over a year in office. But, even talking about opening things up and producing more energy would help. Positivity goes a long way.

There’s little to nothing Biden can do about the auto industry, which is a big driver of inflation right now. He can’t make it catch up. But, let’s be honest: when the economy starts catching up, when inflation does come down, you know the same media will be lauding Biden for all he’s done, right? Giving him all the credit.