posted by iclfan2
Coming back to this. You think Kamala is smarter than Trump? That’s a joke, no matter how much you hate him. lol and your life has been better for 4 years bc there wasn’t mean tweets? You’d rather pay 30% more for everything? I literally only care about myself and my family. Nothing has been better these past 4 years.
I think there is a debate between how much inflation was result of the pandemic and how much was related to Biden's policies.
To me, the entire world economy shifted and changed during the pandemic, meaning that the way it was before March 2020 is not coming back.
The supply chains were completely shifted and prices jumped in 20 and 21 and I still think we are seeing the result of that today. Yes, I do think the extra cash we all had during the pandemic also helped, but to me, the disruption and shifting of costs and labor played a bigger part.
Thinking backwards and assuming if Trump comes back into office, prices will go back to the way they were or radically reduce is a fantasy. The world and national economy is completely different. Inflation has been coming down, too slowly for all of us, but it is coming down.
Interest rates higher are also a killer but those should come down in the next quarter and next year as well.
I'll also add Trump's recent comments on more tariffs are really dumb and will lead to higher prices, not lower ones.