.DeanObeidallah: Republicans like to blame the party in power for problems, but inflation isn't a game to Americans.
of issues has caused this spike in inflation. The well-documented supply chain issues that followed Covid shutdowns drove up prices. Some of it was fueled by us, consumers who unleashed our pent-up demand to travel and buy goods after things reopened. More demand equals higher prices. Russia’s attack on Ukraine added to higher gas prices, which contribute to higher prices for goods, since it costs more to transport them.
This is in no way a Biden-caused problem — unless Republicans are telling us he caused inflation worldwide, which they very well might say before November. Areleased just last week documented that in 37 of the 44 nations with “advanced economies,” the “average annual inflation rate in the first quarter of this year was at least twice what it was in the first quarter of 2020.
This leads us to the hard reality that there’s no easy solution for inflation; if there were, Biden would’ve flipped that switch months ago. And cynical Republicans know that.At least Biden does have a plan, which, like the causes of inflation, is multifaceted.
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