Quote:
Originally Posted by JMintzer
Oil prices went up well before Russia invaded Ukraine...
Inflation was caused by massive spending, and not controlled by rate raises...
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Correct. People are forgetting that piece, especially since Pres. Biden told everyone the price of oil went up BECAUSE RUSSIA INVADED UKRAINE. No, the price of oil went up months before the Ukraine was invaded. And then came massive spending. And then came covid and more massive spending. And then came the invasion across our border and more massive spending. IE: Hope nobody believes all the immigrants came over here with enough money to support themselves; food, shelter, medical bills, transportation, cell phones, clothing, etc. Once they arrived, the gifts they received enroute - did not keep-on-giving!! IMHO.