The Biden Administration actually had inflation under control and coming down at a reasonable rate. Analysts were all but certain there would be a recession as the economy tried to claw its way out of the pandemic hole, but President Biden threaded a needle to create a soft landing and avoid the worst outcome.
My greatest fear was that the incoming Administration would realize that continuing the successful economic policies of the Biden Administration would be a great benefit to them as they could take credit for everything Biden had done but never had the time to ultimately get credit for. Then, riding a wave of "economic success" they could ride into the midterms as heroes and expand their majorities before getting on with their plan to destroy our democracy.
I guess, thank goodness that didn't happen.
Instead, on April 2, 2025, Spray-Tan-Man announced his "Liberation Day" tariffs. As those tariffs kicked in it almost immediately reversed the path inflation was on over the last two years of the Biden Administration.
Looking at the year-over-year data in the charts you show us how to get in your post, we can see clearly that every month from January of 2023 to July of 2025 the inflation rate YoY had decreased. That was 31 straight months of YoY decreases. Then, that trend is reversed in August and September of 2025--the latest data we have.
This is no coincidence. But I'm sure that Ron Vara is writing a paper about it right now to justify how implementing a huge tax on imported goods and terrifying an important segment of the working population is actually benefitting the economy--not hurting it.
Polling suggests that not even MAGA supporters are buying that load of crap--and almost everything else they ARE buying is costing more....
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