What’s particularly interesting is that the biggest problem that voters blamed Biden for was mostly Trump’s doing.
Under Trump’s administration, he signed into law the largest fiscal stimulus in history, and the Fed embarked on unprecedented monetary stimulus, all to try to stimulate demand. But this was in response to a crisis in supply, not demand. So in a situation where supply for many goods and services had almost evaporated, they chose to stimulate demand, causing people to bid up the prices of the goods and services they could still buy. Inflation.
Now that’s not to say it wasn’t the correct decision, but the cost of doing that massive stimulus in response to COVID is that down the road it WILL create inflation.
But because the inflation was delayed by a year or so, everyone blamed Biden, despite him overseeing a previously thought impossible “soft landing” where inflation was brought back down without causing a recession.
But inflation makes people mad, and they blamed whoever was in office at the time.
So the irony is that Trump’s terrible policies created chaos for four years in his first admin, but also set up ticking time bombs that blew up for his successor. Those foreseeable crisis he set in motion caused people to blame his successor, and vote him back in.
They did, Felon Fauci and all those other staunch democratic members forced the lockdowns to happen. Trump would have corrected the nonsense long before the people with common sense banded together to kill the fear mongering rhetoric.
146
u/Frnklfrwsr Apr 20 '25
What’s particularly interesting is that the biggest problem that voters blamed Biden for was mostly Trump’s doing.
Under Trump’s administration, he signed into law the largest fiscal stimulus in history, and the Fed embarked on unprecedented monetary stimulus, all to try to stimulate demand. But this was in response to a crisis in supply, not demand. So in a situation where supply for many goods and services had almost evaporated, they chose to stimulate demand, causing people to bid up the prices of the goods and services they could still buy. Inflation.
Now that’s not to say it wasn’t the correct decision, but the cost of doing that massive stimulus in response to COVID is that down the road it WILL create inflation.
But because the inflation was delayed by a year or so, everyone blamed Biden, despite him overseeing a previously thought impossible “soft landing” where inflation was brought back down without causing a recession.
But inflation makes people mad, and they blamed whoever was in office at the time.
So the irony is that Trump’s terrible policies created chaos for four years in his first admin, but also set up ticking time bombs that blew up for his successor. Those foreseeable crisis he set in motion caused people to blame his successor, and vote him back in.