Saturday, March 9, 2024

Inflation

When Bush 41 was running for reelection he faced a brief recession in the spring of 1992 but recovery was on the way and by summer the economy was back to normal but that was too late. In addition he was faced with a third party candidate Ross Perot who many think took more voted from Bush than from Clinton. The upcoming election is called a change election because 70% of voters feel the country is headed in the wrong direction. The economy is recovering from the 9% inflation rate but will it be too late like it was in 1992. Finally will there be a third party candidate and if so will that person take votes from Trump. Inflation hurt Biden. It doesn't help to say inflation has come down. If bread cost $2 and you have 9% inflation bread cost $2.18. Then the next year you have 5% inflation then bread cost $2.29 and in the third year you have 3% inflation bread cost $2.36. When Biden says inflation is coming down the average person just sees the price is still up. The administration seems to think that saying inflation is down is the same are prices are down.

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