But at least they had the benefit of the doubt that covid was novel and not well understood, and they were compromise packages with both parties involved.
The ARP was passed solely by Democrats a full year after covid lockdowns started, and was quite obviously excessive by any mathematical/fundamental measurement.
The Fed is the most complicit of all, because they had the power to unilaterally pump the breaks at any point, yet did nothing until it was far too late.
You can believe whatever you want, but it's quite obvious how this is going to look to historians.
[1]https://www.vox.com/23036340/biden-american-rescue-plan-infl...
In regards to the ARP: "Estimates suggest that fiscal support measures designed to counteract the severity of the pandemic’s economic effect may have contributed to this divergence by raising inflation about 3 percentage points by the end of 2021."
And then Trump: "...because it was enacted after more than $3 trillion had already been spent to stimulate the economy under Trump."
So what is not proper about Trump and Republicans sharing the blame if not shouldering more?....
Gridlock is the best thing we can get right now. They are still pitching BBB among all of this, which is frankly amazing.
Despite inflation being a horrible political anchor for the Democrats, they have yet to pitch any economically sound policy to combat it. They keep talking about proven to fail economic policies such as price controls, or blaming Russia/Corporate Greed.