Comments by "Scott Charney" (@scottcharney1091) on "See the secret comeback powering Trump’s swing state nightmare" video.
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@nunyabusiness3666 "Closing down the entire economy" is hyperbolic, but in any case, most of the world had to lock down for some time, and a lot was different even when it was safer to go back to work. That's no one's fault. It had to happen, all around the world, to prevent a calamitous toll of death and internal maiming (which does far more economic damage compared with efforts to prevent such casualties). If by "printing trillions" you're referring to the stimulus payments to sustain household incomes, that's another action that many governments around the world took to ease the burden on their citizens.
(You'll notice that most of the above occurred during the Trump years.)
The entire global supply chain was disrupted by Covid, and this caused shortages that pushed prices higher. The Russian war against Ukraine has made things worse. Corporate greed, manifesting itself in price gouging, did not cause the inflation crisis, but it is definitely prolonging it and worsening it substantially. Consumers are often not aware of what reasonable prices might be, and are liable to believe exaggerated stories about reasons for price increases, and thus several industries (notably including grocery-store chains) are able to continue to profit while raising prices.
In October of 2022, Biden threatened Big Oil with a windfall profit tax unless they increased domestic production to thus decrease costs of fuel. That's hardly a push for clean energy, unfortunately. Moving on; there's no strong empirical evidence that military spending is a cause of inflation. I almost with that it was; maybe then it could finally be curtailed!
Economists across the spectrum agree that migration is a net boon, not a burden; in fact, migration has an unmatched potential for dealing a huge blow to poverty. This is why work permits have to be expedited; there is no good reason for the waiting periods. Don't commit the "Lump of Labor Fallacy," which populists on the left and right love to exploit. There is not a fixed amount of work for people to do. Job totals are elastic, not inelastic. No one is "taking our jobs." Note also that the US is bound by treaty to accept asylees/refugees while their claims are being processed. There is no "first safe country" policy, and there is no legal requirement to request asylum at a point of entry. (Most people also don't realize that there are almost no visas for lower-skilled workers. There is no "line" for them to get in.)
So no, migrants are not a cause of inflation. The stresses you mentioned don't all have anything to do with inflation anyway. Scapegoating them is mean-spirited and ignorant. Blaming powerless minorities for a country's problems has a long history, and it won't go away. What if you have to seek asylum/refuge someday?
Talk about "over-regulation" is usually just a snarl phrase from robber barons who want to destroy the environment and abuse (or worse) their workers, and face no repercussions. We're not talking about things like, say, zoning laws in California.
The difficulties for young people to do things like buying homes are the result of over forty years of bipartisan neoliberal capitalism, beginning with the Reagan/Thatcher years, and continuing uninterrupted to the present.
The current inflation problem is a global matter, with little in particular to do with Biden or Trump. (Recent surveys, as in surveys with results from the past couple of months, show that consumers usually think that inflation refers simply to price increases, rather than the rate thereof. Inflation rates have dropped by nearly half from the spring of 2023, but they still answered that inflation had worsened.)
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