Why does Biden not understand how the high inflation which he has caused in the last 2 1/2 years is making life difficult for retirees and seniors?
Last Updated: 01.07.2025 05:20
Of course, it's important to remember that ‘inflation’ means the rate at which prices are increasing, so reducing the inflation rate means prices are still rising, just slower. So you may not even have noticed that Biden reduced inflation, because it's very difficult for the average citizen to notice that, without being an economist monitoring market prices. But it happened.
Biden's policies actually heavily reduced inflation, and the US has one of the lowest inflation rates in the world currently.
Biden didn't cause the inflation, it was a natural result of the global economy revving up after the pandemic.