Re4 inflation

San Francisco CA

Description

You are blaming inflation on Joe??? The man just got here. Inflation does not happen overnight. If inflation is an issue 1-2 years from now, then that is at least partly on Joe. Any current inflation occurring is on Trump. Think of inflation like the tide in the bay. High tide occurs at the ocean/golden gate many hours before it occurs at the extremes of the bay. It takes months to years before inflation trickles down to the consumer. Bottom line. Inflation is caused by the pricing of goods and services which are set by the businesses that sell goods and services. The president can definitely affect inflation with their policies, but corporations CHOOSE how high to se their prices. Oil companies CHOOSE how high to set oil prices. Example. A few years back, a barrel of crude oil was $90 and gasoline at the pump was about $4.15 per. When crude oil plummeted to $18 per barrel, The price at the pump barely dipped to $4.00 per gallon. This is an example of oil companies gouging consumers and causing inflation. Oil companies were exploiting the fact that Americans were already used to paying $4.00 per gallon so they left the prices high even when their cost of oil dropped by 75%. Corporate greed is the cause of inflation. How or why anyone would choose to defend corporations against their greed is the question.