In Reply to: Prices continue to go up under Trump since Biden posted by Bruinfan4ever on October 19, 2025 at 18:27:08
When Biden took office during the pandemic, the economy was terrible.
"GDP Decline: The U.S. economy had contracted by 3.4% in 2020, marking the worst annual performance since World War II.
"High Unemployment: Millions of jobs had been lost due to pandemic-related shutdowns. Although recovery had begun, employment levels were still significantly below pre-pandemic figures.
"Business Closures: Many small businesses had shut down permanently, and consumer confidence was low.
"Supply Chain Disruptions: Global supply chains were strained, affecting production and availability of goods.
The economy DESPERATELY needed stimulus. Biden responded with the best possible method, pumping a massive amount of money into the economy with three large spending bills. He also took advantage of the opportunity to address important needs such as updating aging infrastucture, promoting clear energy, and encouraging key industries such as chip manufacturing.
He may have overshot the mark a bit with the amount of money he pumped into the economy, but the alternative of too little action was far worse.
Biden left the economy far better than he found it, but he never got the credit he deserved. The inflation was probably inevitable, but well worth it.
Contrast that with the Trump inflation which was avoidable and is the result of stupid economic policies.