economy. I even saw one person here lauding lower gas prices because Biden released some of the strategic reserve to hold prices down.
What people don't get is that economically, there are two branches of policy - monetary and fiscal. Monetary policy either expands or contracts money supply by adjusting interest rates. Now, transfer payments, which are a part of fiscal policy, can also be used, but this is not usual. The massive transfer payments we had with the stimulus did raise the money supply, but may have contributed to some of the inflationary pressure.
Then, we have supply chain issues, which he has little, if any, control over.
We have high demand for goods, as well, with people generally purchasing fewer services. High demand strains the supply chain, and causes inflationary pressure.
Then, of course, we have the old tried-and-predatory 'profit over people' method of corporate governance, otherwise known as the Doctrine of Shareholder Primacy, which stemmed from a 1919 MI Supreme Court ruling favoring the Dodge Brothers over Henry Ford. In case you are not familiar with that, Henry Ford had this brilliant idea to build cars on an assembly line, which dramatically magnified the productive capacity of his labor force. He knew his factories could put out many, many cars, but who would buy them? Ford reasoned that if he raised the wages of his factory workers to the point where they could afford the cars, then he would also be expanding his market.
The Dodge Brothers, who supplied parts for Ford cars at the time, sued Ford. They felt that 'overpaying' the factory workers denied them profits to which they were entitled as shareholders.
The Dodge Brothers won, and thus was born the Doctrine of Shareholder Primacy, and it became more brutal as the decades went by, with the Chicago School preaching 'supply-side' economics, and spouting the mantra of 'deregulate, privatize, and gut social programs.'
Now, publicly held corporatate governance encourages sociopathic behavior among c-suite executives - busting unions, ripping off pensions, compromising worker safety, wage theft, gouging consumers with smaller packaging for the same price, compromising product safety and quality, and of course fouling the environment whenever they can get away with it.
This is the root cause, In It, of so much that is wrong with 'Murika these days. Take our monetized healthcare system where working stiffs like us have crummy, rationed healthcare with financially crippling copays. Why? Because passing the costs on to the healthcare consumer is better for shareholder profits. Same thing with childcare. Nearly 2 million women are still sitting out of the labor force, and about 900,000 men. Why? Childcare availability is a big factor, but even when it is available, it costs an arm and a leg. Biden is trying to expand government subsidies for child care to more working families, which is very good economic policy, but of course, doing that, or anything at all, that materially benefits the (gasp!) common working American and his/her family is sure to draw bitter Republican resistance.
Profits over people every time! That's them: the party of death, treason, conspiracy, hate, greed and stupidity.
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