Reality on Biden*Flation

You should ignore the silly partisans who blame the inflation solely on PoopyPants.  He's only the latest in a long string.

Waaaaaaayyyy back, you remember that Bush the Dumber panicked and--with a compliant and equally-panicked Congress--bailed out GM, Chrysler, and Every Rotten Banker in New York, plus a cast of thousands.

Then along came Obama, with "stimulus" dollars.

Next:  Trump and his "rescue" act.

Now of course we have PoopyPants the Eldest.

Ticker looks at the time-line:

Note also that the start of this was roughly March of this year.  What have I said for over a decade: Policy changes require about a year to 18 months to show up in the CPI.

When did we start throwing money at the problem?  In March of 2020 and who did that?

Trump.

When did the problem show up?

Almost exactly one year later.

Another perspective can be had in the price of crude oil.   Some of that is political, of course--but note the run-up under Bush (both 9/11 and his 'rescue') and the slight--repeat, slight--decrease under Obama.  When Trump exercised US leverage, both geo-political AND petroleum-production, the price dropped like a rock, only to recover again at approaching-Obama levels.

Ticker is not a bundle of joy.

 ...What else does this tell us?

If we stop today, and we're not with one big spending bill already passed and another on deck, it will be another year, at least, from the time we stop until the stupid begins to subside....

Then there's the National Debt........