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President Joe Biden is opening a new line of attack against former President Donald Trump this week, flipping the script on the classic Reagan-era “Are you better off than you were four years ago?” question to remind voters of life during his predecessor’s tenure.
I don’t think I’ve seen anyone saying he caused inflation. Just that he’s trying to tell everyone he won the economy and everything is back to normal. There are multiple articles now with his allies and staffers wondering why the people aren’t on board with that message.
For all you inflation heads out there…
US M0 money supply was $3.6T in January 2017 when Trump took office.
It was $5.25T in Jan 2021 when he left office, a 45% increase in the money supply.
As of December 2023 it was $5.83T, an 11% increase under Biden.
So if we’re saying increased money supply caused inflation, the Trump admin is about 4x more responsible for it than the Biden admin.
I don’t think I’ve seen anyone saying he caused inflation. Just that he’s trying to tell everyone he won the economy and everything is back to normal. There are multiple articles now with his allies and staffers wondering why the people aren’t on board with that message.
Literally every republican says this
Well there’s your problem. Stop listening to them.