It’s election time, so I thought it might be a good idea for everyone to get some data on one of the most pressing problems Americans are facing, and that’s inflation. People keep saying that the rate of inflation is coming down, but the prices are still way higher than they used to be. So, who did a better job of controlling inflation? Trump, during his 4 years, or Kamala, during her 4 years?

This article is from the Wall Street Journal:

Kamala Harris couldn’t explain during her interview with Fox News’s Bret Baier this week why she’d be better on the economy and inflation than Donald Trump. The Vice President instead invoked the expert wisdom of progressive economists. That wisdom is worth a closer look.

[…]A nearby chart shows the inflation trend during the Trump and Biden presidencies. Inflation averaged 2.1% annually between 2017 and 2019, compared to 5.1% under Mr. Biden. (Inflation declined to 1.2% in 2020 amid the Covid lockdowns.) Deficits totalled $2.4 trillion during Mr. Trump’s first three years compared to $5.8 trillion during Mr. Biden’s.

[…]In March 2021, Democrats stoked consumption… with their $1.9 trillion American Rescue Plan Act…

The bill was largely composed of transfer payments, including $1,400 checks per person, $3,600 per child tax credits, an extra $300 a week in unemployment benefits, a 15% increase in food stamps, rental assistance and more. Such handouts discouraged unemployed Americans from returning to work since they could earn as much not working.

President Biden further loosened the spending spigot with executive actions, sweetening food stamps and waiving monthly student loan payments. A Congressional Budget Office report this week noted that the 2021 food-stamp boost likely reduced the labor supply since people received fewer benefits the more income they earned.

This unprecedented helicopter drop of money, aided by the Federal Reserve, kicked off the highest inflation in 40 years.

And the article concludes:

Ms. Harris has adopted the Biden spending agenda and more. Mr. Trump is no fiscal conservative, but on deficits and inflation his first-term record is far superior to the four years of Biden-Harris.

Remember, Kamala was asked what she would do differently than Biden, and she said that she wouldn’t do anything different than Biden. Now, some people might say that’s because she doesn’t know enough about policy to know how to answer that question, but let’s just take her at her word, and expect 4 more years of Biden’s record on inflation.

The nice thing about a Kamala victory is that the people who will have to pay the most are the people who spend a lot of money now. Especially people who just don’t have the willpower to stop spending money on things they don’t need. We have a $36 trillion debt. Interest on the debt will start to crowd out discretionary spending like spending on welfare programs. So, it’s going to be harder for people who depend on collecting welfare to make ends meet. I’m looking forward to seeing people with high burn rates have to cut their spending, because of the consequences of their votes.