R J
Lv 7
R J asked in Politics & GovernmentPolitics · 7 years ago

Why has inflation skyrocketed under the Obama administration?

I noticed it kicking up under Bush but just in December 2011 it went up 3% and look at everything you buy it just keeps growing and growing and growing. Maybe it's due to the housing market bubble or just jobs going overseas, but it's nuts. I know gas has about doubled but not sure if policies are all that made them go up or the shrinking dollar but before long a coke will cost two bucks.

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  • 7 years ago
    Best Answer

    Because Obama has spent 10 trillion dollars on crap.

    Ok, lemme show you around.

    Who produces wealth? Private companies, right? When coal is pulled out of the ground, that's product, that's wealth. Without coal you' freeze in the dark, so you're better off with coal, so it's "wealth".

    When fish are caught, wealth is created. When trees are turned into lumber, wealth is created. When lumber is turned into homes, wealth is created. When ore is mined, wealth is created. When ore is smelted into iron, wealth is created. When iron is turned into cars, wealth is created. When cattle are turned into T-bones, wealth is created.

    Does government create wealth? NO. Government impedes wealth creation because they tax wealth creators, they fine wealth creators, they impose regulations on wealth creators, they make wealth creation so expensive, wealth creators can't compete with wealth creators in China, India, Taiwan and South Korea so wealth creators leave the country or go out of business.

    What has 10 trillion dollars bought us? Solyndra blew through half a billion dollars of your tax money! The muslim brotherhood, Hamas, Syrian rebels and many other radical Islamofascists get your tax money BY THE BILLIONS!!! Do they create wealth? Heck no! Billions are spent on welfare programs like food stamps, unemployment compensation, medicare and soon Obamacare. Do recipients of all that government largess create wealth? Nope. Not none.

    Reagan cut taxes to wealth creators. They did what wealth creators do, they hired more people and created more wealth. That's why the 80's boomed.

    Obama increased taxes on wealth creators. What do wealth creators do when they have less money? They fire people working for them that aren't essential to wealth creation. That's why the economy is choking.

    You can't increase egg production by strangling the chicken.

  • 7 years ago

    You must be looking for a house to buy in the SF Bay Area. Instead of throwing out those inflation numbers, folks should try getting out more - it would be quite a bit more productive. Fact is, inflation is alive and doing very well in parts of the economy; Americans, not being particularly bright, think if they're not experiencing it, it must not be happening. No matter what IT is. Weird, aren't we? lol

  • 3 years ago

    by ability of numerical factor: 5. actual 4. a number of that spending is remitted and locked in... in different words, it wasn't a voluntary boost for the two president, it in simple terms kicked in... this skews your stats notably, particluarly on medicare and medicaid... 3. their stimulants have been relatively diverse... Bush's tended to be greater direct tax cuts, mutually as Obama's became a mixture of many incredibly some issues... 2. actual... extensive evidence Obama's no longer a commie a million. what did Bush alter precisely? you cite in simple terms internet site numbers? became it truthfully stiffer policies or tighter policies and on what? or became it in simple terms rewording them taking over greater pages making them techncially looser? comically low on truthfully guidance there... interior the top, there are some similarities, however the devil is in diverse the small print... and that i do no longer blindly disagree with a number of those matters, in simple terms because of the fact "Bush did it"... a number of those issues are legitmate... some Bush had to truly do them...

  • Skyrocketed?? No way. Inflation is very low. The 1970's were inflationary times.

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  • Ron H
    Lv 6
    7 years ago

    The current inflation rate is 2%. And it's lower under Obama. We want high inflation to weaken the dollar and bring jobs back.

    Table of Inflation Rates by Month and Year (1999-2013)

    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ave

    2013 1.6 2.0

    2012 2.9 2.9 2.7 2.3 1.7 1.7 1.4 1.7 2.0 2.2 1.8 1.7 2.1

    2011 1.6 2.1 2.7 3.2 3.6 3.6 3.6 3.8 3.9 3.5 3.4 3.0 3.2

    2010 2.6 2.1 2.3 2.2 2.0 1.1 1.2 1.1 1.1 1.2 1.1 1.5 1.6

    2009 0 0.2 -0.4 -0.7 -1.3 -1.4 -2.1 -1.5 -1.3 -0.2 1.8 2.7 -0.4

    2008 4.3 4 4 3.9 4.2 5.0 5.6 5.4 4.9 3.7 1.1 0.1 3.8

    2007 2.1 2.4 2.8 2.6 2.7 2.7 2.4 2 2.8 3.5 4.3 4.1 2.8

    2006 4 3.6 3.4 3.5 4.2 4.3 4.1 3.8 2.1 1.3 2 2.5 3.2

    2005 3 3 3.1 3.5 2.8 2.5 3.2 3.6 4.7 4.3 3.5 3.4 3.4

    2004 1.9 1.7 1.7 2.3 3.1 3.3 3 2.7 2.5 3.2 3.5 3.3 2.7

    2003 2.6 3 3 2.2 2.1 2.1 2.1 2.2 2.3 2 1.8 1.9 2.3

    2002 1.1 1.1 1.5 1.6 1.2 1.1 1.5 1.8 1.5 2 2.2 2.4 1.6

    2001 3.7 3.5 2.9 3.3 3.6 3.2 2.7 2.7 2.6 2.1 1.9 1.6 2.8

    2000 2.7 3.2 3.8 3.1 3.2 3.7 3.7 3.4 3.5 3.4 3.4 3.4 3.4

    1999 1.7 1.6 1.7 2.3 2.1 2 2.1 2.3 2.6 2.6 2.6 2.7 2.2

  • Anonymous
    7 years ago

    It has not. Inflation has remained low. It is currently at 2.0%. It was at 4.3% when Bush was president. http://www.usinflationcalculator.com/inflation/his...

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