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Inflation Reduction Act

Federal Reserve Lowers Interest Rates—Signaling Democratic Success

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Donald Trump’s economic mismanagement, particularly through trade wars, tax cuts for the wealthy, and a catastrophic COVID-19 response, played a major role in driving inflation—an issue that has been wrongly blamed solely on President Joe Biden. As Federal Reserve Chair Jerome Powell noted in December 2020, monetary policy operates with “long and variable lags,” meaning that the effects of Trump’s policies, including aggressive monetary interventions to counter the pandemic, laid the groundwork for inflation that manifested under Biden’s term. Republican propaganda has conveniently shifted blame onto Biden while ignoring the delayed consequences of Trump’s decisions.

However, the Biden-Harris administration’s Inflation Reduction Act helped stabilize inflation, particularly by supporting low-income workers and ensuring wage growth kept pace with rising costs. Today, with the Federal Reserve lowering interest rates, it’s clear that Democrats have won the battle on inflation. The question remains: Why would anyone want to return to the policies of the person who caused the problem in the first place? Trump’s reckless economic strategy favored the rich, disrupted supply chains, and burdened ordinary Americans, while Biden’s leadership has delivered relief and recovery for the people that needed it the most. F right-wing propaganda.

REFUTED “Imagine running on the promise of fixing all of the problems you and your party created in the first place”

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This meme falsely claims that Democrats, led by Kamala Harris, are trying to fix problems they themselves created. This is misleading and ignores the complexity of governance. Many of today’s issues were exacerbated by Republican policies, like Trump’s tax cuts for the wealthy, which increased the national debt and worsened income inequality. Reagan-era policies slashed taxes on the rich, driving wealth inequality. Democrats are working to undo years of GOP neglect, focusing on policies that help working families and improve healthcare. Blaming Democrats for problems they didn’t create is dishonest and ignores the damage caused by Republican obstructionism.