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A comment on U.S. inflation reached a new four-decade high of 8.6% in May. Parent comment

Re:U.S. inflation reached a new four-decade high of 8.6% in May by kombucha13 on Friday June 10, 2022 @08:47PM (#31700914)
This really feels like you are ignoring the larger context here. The issues didn't start with the ARP...far from it. The pandemic and Republicans are equally to blame here. Saying that none of this would've happened without the passing of the ARP is very simplistic and probably wrong.
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Re:U.S. inflation reached a new four-decade high of 8.6% in May by adam_arthur on Friday June 10, 2022 @08:57PM (#31700977)
There were many badly designed policies in the 2020 packages too, such as the PPP.

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.

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Re:U.S. inflation reached a new four-decade high of 8.6% in May by TurkishPoptart on Monday June 13, 2022 @02:57PM (#31729989)
Why are we blaming Republicans here? The ARP cost US taxpayers $1.9 _trillion_. Such spending causes inflation. [1]

[1]https://www.vox.com/23036340/biden-american-rescue-plan-infl...

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Re:U.S. inflation reached a new four-decade high of 8.6% in May by kombucha13 on Monday June 20, 2022 @10:29AM (#31810759)
Did you happen to read the article?

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?....

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