Affordability is the new buzz word of the day. The attempt is being made to use it as a hammer to bludgeon President Trump. Interesting, since he hasn’t even been in office for a year yet.

On Tuesday, John Hinderaker at Power Line Blog reported:

Normally I wouldn’t do anything so facile as to blame inflation on a particular politician, but given that the Democrats are pinning their hopes on hanging the “affordability crisis” around President Trump’s neck, a little historical perspective is in order. Thus, from the Unleash Prosperity Hotline:

We went back to January 2020 when the pandemic started. We found that 13.5% of cumulative inflation (prices are 24% higher today) has happened under Trump, while 86.5 percent of cumulative inflation happened under Biden.

So the “affordability crisis” is the hangover effect of Bidenomics when the White House dumped some $4 trillion of helicopter money out the windows.

The article includes the following chart:

Obviously prices are still rising, but there are a few good things in the future economically–the price of gasoline at the pump is trending down–that impacts everyone and everything. The price of energy should come down in the near future as America increases its energy independence, although some states may not experience the downward turn due to excessive regulation. Most food prices are also stabilizing or moving downward.

Affordability is improving, but it is going to take a while. Two things that will help with the cost of housing are to lower the demand by removing the illegals and to lower the interest rates. Overall, I am optimistic about the future, but there will be a price paid at some point for the excesses of the Biden administration.