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Jul 25 2025 11:34am
No. See below.



That's explicitly not what I said. I said some inflation was inevitable, but that the policies of the Biden/Harris administration exacerbated it. Maybe you should look that word up in the dictionary...

https://i.imgur.com/0kcm6zI.png
Source: https://datatrack.trendforce.com/blog/content/18473/inflation-affects-living-costs and references therein.


So prices surged more drastically in the US than in the eurozone or Japan. For the US/EU comparison, see also this chart:

https://i.imgur.com/uEZ8h83.png


The only time inflation rates in the eurozone surpassed those in the US was from February 2022 until late 2023, i.e. the time when the economic fallout from the Ukraine war (loss of access to Russian gas etc.) obviously hit Europe a lot harder than the US. That the absolute CPI level in the US stayed ahead of Europe throughout this entire timeframe in spite of Europe going through a major withdrawal is a fucking indictment of the US economic policy under Biden.


This is honestly pretty trivial, the USA was not going to be Japan ( nor would you want to be unless you totally froze that single period of time only) and the difference between USA an Eurozone does not average out to something wildly different. So was it going to be drastically different, no unlikely. The only people who would push that narrative are those die hard to a colour.

Especially since that's just CPI, USA wage growth in 2020-2024 outpaced the Eurozone so whats it really equate too. Its not going to be that much different and if anything the USA might topple Eurozone just because of wage growth. COVID, things didn't go well, didnt go well anywhere for the most part and it was not going to be drastically different under the Republican gov't.

This post was edited by SBD on Jul 25 2025 11:38am
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Jul 25 2025 11:36am
I think its near impossible to separate the short term volatility of inflation from each administration's fiscal policy and the long term borrowed time of money printing since baby bush.
We had 20 years of me predicting that an M2 running away from CPI and actual production was plainly unsustainable and we were just living through a slack period before it would rubber band back. The covid money hose was the proximate event that ballooned the funny money into ridiculous territory and inflation finally caught up, and only the delusional feds who gouge out their own eyes couldn't see that it was chronic not transitory. How do you separate the chickens coming home to roost from 20 years of bush, bush, obama, obama, trump, and the 4 years of biden as covidbucks had their effect?

Maybe we can compare the handling of the crisis to other countries but they don't really translate 1:1. Does it mean Biden handled it better, or worse, than EU countries? I don't know if that's even a relevant question, its like asking if one person shot in the head has a worse wound than another shot in the gut. Its evident on face value that the feds completely fucking dropped the ball and the administration utterly failed to address inflation when it mattered, and they can't even pretend otherwise when they went on record repeatedly saying it was just a phase mom

This post was edited by Goomshill on Jul 25 2025 11:37am
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Jul 25 2025 11:47am
DNC claims grocery prices were 'record highs' under Trump, but actually were under Biden
https://pbs.twimg.com/media/GwqKBfrXIAARFjz?format=jpg&name=medium


This post was edited by TiStuff on Jul 25 2025 11:54am
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Jul 25 2025 12:40pm
Inflation affected every country during covid
Saying it was just an American problem makes you sound ignorant and dumb.


Do you think the pronouns of that gender studies intern that ran @TheDemocrats was they/them?

This post was edited by Malopox on Jul 25 2025 01:07pm
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Jul 25 2025 01:17pm
You're comparing inflation of socialist policy v capitalism policy
One will be more consumer friendly while the other will be more business friendly. I will say that Biden claiming the US economy was fine is part lie and part truth. It was and still is a rich man's playground. Everyone else gets mostly left out.
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Jul 25 2025 04:45pm
This is honestly pretty trivial, the USA was not going to be Japan ( nor would you want to be unless you totally froze that single period of time only) and the difference between USA an Eurozone does not average out to something wildly different. So was it going to be drastically different, no unlikely. The only people who would push that narrative are those die hard to a colour.

Especially since that's just CPI, USA wage growth in 2020-2024 outpaced the Eurozone so whats it really equate too. Its not going to be that much different and if anything the USA might topple Eurozone just because of wage growth. COVID, things didn't go well, didnt go well anywhere for the most part and it was not going to be drastically different under the Republican gov't.


Again: Europe's economy was going through a major crisis as it lost access to cheap Russian gas and as oil prices soared (Europe imports a far higher share of its oil than the US). This fueled inflation in the EU very drastically and also caused an economic slump, which then dragged down the labor markets as well. The null hypothesis should be that the US gets through this period with significantly lower inflation and more growth and jobs than Europe. Against this context, the US actually experiencing higher inflation on aggregate and only a slightly better job growth is a very weak outcome.






We had 20 years of me predicting that an M2 running away from CPI and actual production was plainly unsustainable and we were just living through a slack period before it would rubber band back.

I think the extent to which Amazon/supply chain optimization kept inflation down during the 2010s is underappreciated.
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Jul 25 2025 05:08pm
Again: Europe's economy was going through a major crisis as it lost access to cheap Russian gas and as oil prices soared (Europe imports a far higher share of its oil than the US). This fueled inflation in the EU very drastically and also caused an economic slump, which then dragged down the labor markets as well. The null hypothesis should be that the US gets through this period with significantly lower inflation and more growth and jobs than Europe. Against this context, the US actually experiencing higher inflation on aggregate and only a slightly better job growth is a very weak outcome.







I think the extent to which Amazon/supply chain optimization kept inflation down during the 2010s is underappreciated.


And there was never a chance of the USAs result coming out close to your null hypothesis under some republican administration. The USA would be in the same similar spot and every Dem candidate running noted prices were high and continued to be in 2024, hell its right in their platform.

Honestly hats off to democrats really, it's not ideal anywhere but they did manage to not push into recession while lowering rates, decent job growth, fairly well done.

Again not ideal, but it never was going to be, changes in administration as a result. If it was republican through covid I'd bet the farm it would flop back democratic after.

This post was edited by SBD on Jul 25 2025 05:13pm
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Jul 28 2025 12:42am
curious comparison?
IQ



This post was edited by TiStuff on Jul 28 2025 12:45am
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Jul 28 2025 06:54am
who wants to have kids in times like these?


i think it has to do with how a person is raised? also some people have a child instinct it fulfills them.
for lefties its probably the hardest idea to consider? i had a thread about this. the democrats do nothing but fear monger and its all they do. it must be a really hard life for lefties?

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