F150 Lightning Road Trip & Ike Gauntlet Pull

time2roll wrote:

ShinerBock wrote:
I was just naming a few ways a president, governor, and/or legislator has an effect on prices. The current administrated supported the "shut everything down" policy even though many economist said we will pay for it later down the line. He also supported and pushed the Covid spending Trillion dollar spending spree bill where more than half went pet projects that had nothing to do with covid which causes us to print more money which in turn causes higher inflation because the dollar is worth less. There are many more ways that these people can effect current prices.

Many new or special edition vehicles are bought out by those who can afford them so they can sell them at exorbitant prices later on. That is nothing special or new.

More like get vaccinated and get back to work far more than any shutdown. I remember there would be vaccinations available to everyone and 4th of July 2021 was going to be the new freedom with 95+% of the population vaccinated.

Of course there was a lot of resistance to getting vaccinated and any mandates went nowhere. We have seen the enemy and it is ourselves ;)

The last administration printed more than any one previous or since.

A guy I really respect a lot on these topics recently broke down inflation causes as listed below, more detail in the link if you're interested. The current and previous administrations absolutely did some things that contributed to the inflationary cycle we're in, but neither controlled the majority of the causes.

Link - Barry Ritholtz

Here are 15 or so drivers of rising prices, roughly in order. Most of the blame goes to those at the top of the list, the bottom of the list are very modest but real contributors:

Inflation Blame
1. Covid-19
2. Congress
3. President Biden CARES Act 3
4. President Trump CARES Acts 1+2
5. Consumers (overspent without regard to cost)
6. Consumers (shift to Goods)
7. Russian Invasion of Ukraine
8. Just in Time Delivery (supply chains)
9. Fed/Monetary Policy
10. Wages/Unemployment Insurance
11. Home Shortages
12. Semiconductors/Automobiles
13. Corporate Profit Seeking
14. Tax Cuts (2017) / Infrastructure (2022)
15. Crypto