Gas was an average of 2.30 in 2005. In 2022 dollars, that's a little over $4.
And gosh, wouldn't you know it, the GOP controlled both the White House and Congress in 2005. It's almost as if the president is irrelevant when it's comes to the economy.
The gubment needs a crash program to perfect lab grown meat, which should be fine for burgers and chicken patties. Farmers can then switch some land from feed grain to growing switchgrass for ethanol (carbon neutral, unlike gasoline use). Then have a tax credit to convert vehicles to flexi-fueled, which typically costs in the hundreds. All cars in Brazil are already flexi-fueled (run on any mix of gasoline and ethanol) by law. No good reason either party should be against this.
Try doing your math again GMD... inflation since 2005 has averaged 2.46%. Making that 2.30 now 3.45 roughly, a long shot from over $4.
As for the president having very little to do with the economy, you are right generally. In this instance Biden slowed supply during the pandemic and then did not amp up supply when the demand returned. Had he actually done nothing we would be in better shape right now from an inflation perspective.
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And gosh, wouldn't you know it, the GOP controlled both the White House and Congress in 2005. It's almost as if the president is irrelevant when it's comes to the economy.
As for the president having very little to do with the economy, you are right generally. In this instance Biden slowed supply during the pandemic and then did not amp up supply when the demand returned. Had he actually done nothing we would be in better shape right now from an inflation perspective.