For the love of god, it happened again! Bulwark contributors blaming the Biden administration's COVID stimulus for inflation, at least in part. This time it was by Tim Miller on yesterday's podcast.
There. Is. No. Correlation. Between. COVID. Stimulus. And Inflation.
I've done the analysis myself. When you look at international COVID spend…
For the love of god, it happened again! Bulwark contributors blaming the Biden administration's COVID stimulus for inflation, at least in part. This time it was by Tim Miller on yesterday's podcast.
There. Is. No. Correlation. Between. COVID. Stimulus. And Inflation.
I've done the analysis myself. When you look at international COVID spending as a percentage of GDP, there is absolutely no correlation between inflation and and stimulus aid.
Japan spent the highest amount in the world per GDP on COVID stimulus. Japanese inflation during 2023? 3.2%
Mexico spent virtually NOTHING on COVID stimulus. Inflation rate during 2023? 5.5%
These are but two examples. Look up the numbers yourself.
I do not know why the Bulwark is insistent on propagating false Republican talking points. I blame it on their Republican genes where any government spending (unless it's allocated to tax cuts and military spending) is inherently evil.
You can take the Bulwark boy out of the Republican party, but you can't take the Republican Party out of the Bulwark contributor.
For the love of god, it happened again! Bulwark contributors blaming the Biden administration's COVID stimulus for inflation, at least in part. This time it was by Tim Miller on yesterday's podcast.
There. Is. No. Correlation. Between. COVID. Stimulus. And Inflation.
I've done the analysis myself. When you look at international COVID spending as a percentage of GDP, there is absolutely no correlation between inflation and and stimulus aid.
Japan spent the highest amount in the world per GDP on COVID stimulus. Japanese inflation during 2023? 3.2%
Mexico spent virtually NOTHING on COVID stimulus. Inflation rate during 2023? 5.5%
These are but two examples. Look up the numbers yourself.
I do not know why the Bulwark is insistent on propagating false Republican talking points. I blame it on their Republican genes where any government spending (unless it's allocated to tax cuts and military spending) is inherently evil.
You can take the Bulwark boy out of the Republican party, but you can't take the Republican Party out of the Bulwark contributor.