do you want to learn? and love how biden tries to pin blame where it doesnt exist. @Ohio Guy i hope you both will read this as it is at once illuminating and evidences just how despicable biden and his admin truly are re this stuff and trying to shift blameHarvard Business Review. Three nationally renowned economists. Current analysis, published today. And you can't respond to it and won't even read it because it blows your daily narrative out of the water.
Talk about someone who doesn't want to learn . . .
The truth is the Administration’s own fiscal and regulatory policies are driving inflation, and the American consumer is left holding the bag.
Reality: The increased prices were a result of consumers shifting their spending from services to goods during the pandemic—increasing cargo demand and leading to higher prices. At the same time, the increased demand created backlogs at the ports, raising prices even higher. As supply and demand normalized, prices fell. Prices continue to adjust as external events, like the security difficulties in traversing the Red Sea, impact shipping routes and supply and demand.
Business to blame for high prices? The facts show otherwise.
The truth is the Administration’s fiscal and regulatory policies are driving inflation, and the American consumer is left holding the bag.
www.uschamber.com