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Gateway

Joined: 09/01/1996 Posts: 47432
Likes: 4843


Yes...be concerned. But look to the reasons why it's happening...


seems inflation is a lagging indicator of too much out of control spending whether for good or for bad. Of course the pandemic has impacted our country and it is filtering down to many different areas. But that huge tax break for the super wealthy by trump is part of it and you should acknowledge it. The stimulus was a payoff (similar to black mail) to the middle and lower class to keep voters from blaming trump. The high payouts and the extended payouts of unemployment benefits backfired and gave the work force time to re-evaluate their job status. I don't think that was expected.

If there was some cooperation between our "leaders" in the Senate and House, we could probably pull out of this more quickly but since there isn't and it's all about 2022, then it will continue and it will get worse.

(In response to this post by EBN)

Posted: 10/13/2021 at 12:02PM



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