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LOL..the Federal Reserve knew last June..yes June 2021 that they were going to cause inflation with their creating money out of thin air and throwing it into the stock market.
Then in October 2021 they started talking that they would need to raise rates and stop pumping.
They have done neither. Someone resurrect Volcker because we need him now.
The US government always points the finger at someone else for the problems they caused themselves.
You really have the wrong cause and effect - the 3rd stimulus was the primary cause , putting almost $2T into the market when it was not needed. Also the stock market is about where it was about a year ago - so the Fed was not "throwing it into the stock market".
Biden, and his administration (if there weren't such half-wits) would be pledging to get U.S. oil production ramped up to the maximum so we can eventually help ourselves, as well as fill the gap created by the sanctions on Russian fossil fuels suffered by Europe.
Not months, years. The Fed started pumping cash into the system in 2008, and went hyperbolic when Covid hit. All those chickens are coming home to roost.
Quote:
Originally Posted by FordBronco1967
The inflation that began months before President Putin invaded Ukraine is President Putin's fault!?!?!
Cut and run. Deflect and blame. Absolutely no idea of what's going on.
That pretty much sums up the presidency of Joseph R. Biden, Jr.
It's time to frog-march this moron out the door.
LMAO!!! Poor Sleepy Joe doesn’t like taking responsibility for being a dullard and creating so many debacles. Should’ve thought about that a long time ago….but muh Putin, because Trump, but muh Putin, but because Trump, etc……
The inflation that began months before President Putin invaded Ukraine is President Putin's fault!?!?!
Yes, inflation is definitely Putin's fault. You have to note the time element that can path back months before and ripple into the past. Putin's ripple was very strong and caused the inflation.
Remember, in all cases it is unfair to blame Biden because he is not responsible for anything.
Not responsible is also known as being irresponsible.
Fits Joe to a Tee
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