Interesting chart, what’s the source? Quote from Forbes analysis of the two administrations: ”annualized inflation rates of 5.4% under Biden and 1.9% under Trump. Year-over-year inflation peaked under Biden at a four-decade high of 9% in 2022 before falling to just over 3%—which Biden has blamed on COVID-19’s lingering impact and the Russia-Ukraine war, supported at least in part by the global nature of the inflation outbreak.” Are we now living in a post-truth world in Australia too. No administration has much impact in their first term. Trump benefitted from Obama’s administration and Biden inherited a post Covid economy from Trump. Biden reduced inflation faster than any OECD country.
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