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re: CPI numbers still hot inflation
Posted on 4/10/24 at 10:31 am to Ten Bears
Posted on 4/10/24 at 10:31 am to Ten Bears
I think it really was the COVID spending, which isn't exactly a strong defense of Trump, but it is important to note.
Spending under Trump was basically in line with Obama post-recession.
Spending as a percent of GDP was 20.3% in 2017, 19.9% in 2018, and 20.7% in 2019.
That is in line with spending under Obama post great recession, but higher than what we saw prior to Obama until the 80s and early 90s.
Spending under Joe is up significantly in the last 2 years (being post-COVID).
LINK
Spending under Trump was basically in line with Obama post-recession.
Spending as a percent of GDP was 20.3% in 2017, 19.9% in 2018, and 20.7% in 2019.
That is in line with spending under Obama post great recession, but higher than what we saw prior to Obama until the 80s and early 90s.
Spending under Joe is up significantly in the last 2 years (being post-COVID).
LINK
This post was edited on 4/10/24 at 10:32 am
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