this post was submitted on 20 Mar 2024
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[–] [email protected] 23 points 8 months ago* (last edited 8 months ago) (16 children)

Biden doesn't get the credit because from a purely pocketbook perspective, prices are still going up.

Telling the average citizen "Hey, you know, inflation is only 3%, not 9.9% like it was..."

They're going "Yeah, but it's an extra 3% ON TOP of the 9%."

And yeah, there's a lot of factors... corporate greed, bird flu raising the price of eggs, etc. etc. The average person doesn't care about that, all they care is their weekly grocery bill keeps going up and there's no sign of it coming back down.

https://www.ers.usda.gov/data-products/ag-and-food-statistics-charting-the-essentials/food-prices-and-spending/

"Average annual food-at-home prices were 5.0 percent higher in 2023 than in 2022. For context, the 20-year historical level of retail food price inflation is 2.5 percent per year."

Good time to buy pork though I guess!

[–] [email protected] 5 points 8 months ago (1 children)

But, if a Republican who encouraged austerity through the pandemic, or a centrist who did not provide as much stimulus were in office, then it would have been more likely a repeat or worse than '08 with 10% unemployment... Which shitty situation would you rather have?

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