Yes, they were.
Explainer: Republicans blame Biden for inflation, but are they right?
* This article was from a year ago, but the points made about how the Trump administration and his fellow Republicans contributed heavily to inflation are still applicable to this discussion.
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Under)
What about stimulus spending?
The main Republican argument against Biden is that his multitrillion-dollar legislative agenda makes inflation worse by flooding the economy with government spending, and promising much more.
His agenda includes the $1.9 trillion American Plan - the only plan so far enacted - and a yet-to-pass $1 trillion infrastructure bill. After that will come his "
Build Back Better" social and climate spending package, which is anticipated to cost around $1.75 trillion.
But the annual inflation rates for dozens and dozens of goods routinely purchased by American households - including food - were already at their highest levels in a decade before Biden entered the White House early this year.
That's in large part because of the COVID-19 relief spending enacted under Republican President Donald Trump's administration with overwhelming Republican support in the Senate. It exceeds what Democrats have allocated by roughly $1 trillion.
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Now, this article doesn't cite the Trump tax cuts as a contributing factor of inflation, which I strongly believe they were... but it does make the case that it was policies enacted by the Trump administration which began this historic rise of inflation.
I will also point out that I've been the only one here posting links to actual data. The rest of you are just dropping petty insults and talking about how I'm losing a debate that you aren't truly even participating in. You have an echo chamber and I don't, but that doesn't make you right and me wrong. For the most part
@DC_Vol is the only poster who has engaged this topic (
which has nothing to do with the topic of the thread, btw) with facts, and an understanding of economics.