no, Trump's $6T stimulus did that
Posted on: April 3, 2023 at 15:33:52 CT
ashtray UF
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oil prices are a matter of supply as demand has remained pretty constant over the past two years. China's reopening didn't give demand the boost OPEC was expecting, so they cut the supply, which naturally forces prices higher. Biden's deficit spending has certainly contributed to it, but the fire was started when they gave free money to every business and person in the United States. In fact, that was probably the kill shot. It can't be reversed now, without a depression.
How's government working out for you?