Yeah. Unless a POTUS is in for 8 years they almost never get to experience the full results of their economic policies.
Biden inherited an inflation time bomb which has been handled. I expect Trump will claim he fixed inflation the first report that comes out after the inauguration.
"inflation time bomb". I never saw that term before. What was the primary cause of simultaneous inflation in all highly advanced economies, and how was Trump responsible for the US component?
He wasn't responsible for all of it. COVID supply chain disruption obviously played a huge part, but it's like everyone has forgotten that Trump also sent out a huge amount of money[1]. We can debate if that was the wrong/right move, but it's annoying when people blame Biden for the inflation that inevitably came once the economy turned back around. Trump has as much if not more responsibility depending on how you look at it. Meanwhile, the Fed under a Biden administration has seemingly engineered a soft landing.
Trump also pressed SA to cut oil production to help prop up gas prices in the US [2]. So when the economy turned demand surged back pushing prices higher.
[1] https://www.investopedia.com/coronavirus-aid-relief-and-econ...
[2] https://www.reuters.com/article/economy/special-report-trump...
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