While Americans struggle to buy the existential threat to the planet, pump gas as well as groceries
The Biden administration’s economic legacy and Leftist messaging about it is getting harder to defend
🔴TRUMP INHERITED, FROM BIDEN, A DEVALUED DOLLAR.
👉When you stack the Biden year‑over‑year inflation increases, Trump inherited a combined erosion of purchasing power of over 25%.
👉Under Biden, cumulative Inflation for Essentials like food, rent, and energy rose faster than headline cumulative of 22% CPI, so households often felt a 30% hit in those categories.
🔴Even if Trump stabilizes inflation, which he has, the domestic purchasing power lost during 2021–2024 doesn’t just "SNAP BACK", the Biden's cumulative inflation is "baked in".
🔴So what can we learn from this? Well, for one, Biden was the president of "UNAFFORDABILITY" and Trump, the President of "AFFORDABILITY"
the Biden era loss of purchasing power, the Devaluation of the U.S. dollar, does not reverse unless prices fall (deflation), which the U.S. almost never experiences.
So the idea that biden devaluation of the dollar, “is baked in” is grounded in how inflation works.