Inflation and Pandemic economics

[MaryMagdaline]

It suddenly dawned on me that people in the US have not seen high inflation for a long time. We lived through it in the 70s and we know that we can come out the other side. Ford probably lost the election because of inflation, and Jimmy Carter appointed Volker to the Fed.

When prices are jumping up and you’ve never seen that, it’s freaking scary.
I’ve heard dozens of poor people who work marginal jobs say that the economy was better under Trump. I believe they are crediting him with the 600/week checks that people were getting. People got the first taste of guaranteed income and they liked it.
Biden had to be the bad guy who ended that.
The fact that those checks came from Congress and not from Trump goes over the heads of our uneducated people.
I think the low approval ratings were because of inflation, forced lockdown, ending of subsidies. Coupled with the idea that the Dems are there to fix everything and when they can’t fix everything right away they get punished.
The fact that Biden had a massively progressive agenda just doesn’t sink in when people are looking for quick fixes.
Will they find out how bad trump’s policies are? Yes.
And they don’t care about civil rights - theirs or apparently anyone else’s. They want cheap gas and cheap food.

During the pandemic, I kept thinking that the population would become 100 per cent socialistic after getting the 600/week checks. After all, it was a confession by the elites that that was what people should be earning. Some people had never earned that much money before. Maybe some of that socialism stuck and people are expecting price controls from the government and very drastic government intervention that occurred during the pandemic.