Politicians blame the Politician in power for economic conditions which linger from the stewardship of the previous Politician who was in power. Drunky Cocamo comments:

 

TIME LAGS AND WHAT WAS REMAINS EVEN WITH NEW MANAGEMENT

COMMENTING ABOUT ECONOMIC CONDITIONS:

WHATEVER THE SITUATION WAS UNDER THE ECONOMIC MANAGEMENT OF THE PREVIOUS BOSS WILL REMAIN IN PLACE UNTIL EVENTS CHANGE CONDITIONS OR PROCEDURES CHANGE.

DONALD TRUMP INHERITED OBAMA'S FAVORABLE ECONOMIC CONDITIONS. 

IN ADDITION TRUMP ADDED SOME RECKLESS TAX CUTS WHICH "PRINTED MONEY" THAT THE AMERICAN PEOPLE OWED IN THEIR NATIONAL DEBT. 

IN THE SHORT TERM IT STIMULATED ECONOMIC ACTIVITY WHICH BENEFITED THE MANAGERIAL CLASS AND OWNERS OF BUSINESSES.

THE SEEDS OF TODAY'S INFLATION WERE PLANTED. BIDEN INHERITED THIS ECONOMIC SITUATION FROM TRUMP.

IT IS UNLIKELY THAT PRICES WILL EVER FALL EXCEPT IN SITUATIONS WHERE  TECHNOLOGICAL INNOVATION CREATES LESS EXPENSIVE PRODUCTS WHICH REPLACE THE EXISTING AND NOW VERY EXPENSIVE PRODUCTS, POST INFLATION.

Wednesday 2 October 2019

TRUMP US TAX CUTS DEPLETE THE US TREASURY AND FUEL EXCESSIVE SPENDING ON STOCKS

Friday 7 July 2023

HI HO GIDDYUP A SPENDING SPREE FEELS JUST LIKE PROSPERITY