Trump Blames Democrats For Food Inflation, But Experts Suggest Blockchain Could Solve Underlying Factors

Quick Summary:

Former President and Republican Presidential candidate Donald Trump has responded to negative polling showing a small lead for his Democratic opponent, Vice President Kamala Harris, by attacking her and Democrats as the party responsible for the country’s food inflation.

The Trump campaign’s new political ads attack Harris for having been the deciding vote that passed the 2021 American Rescue Plan, President Joe Biden's $1.9 trillion pandemic relief measure that disbursed funds to businesses and local governments.

While economists have pointed to the American Rescue Plan as a potential factor, the main drivers of this sustained inflation are considered to be supply chain issues during the pandemic, the conflict in Ukraine, which spiked oil prices, and corporate price gouging.

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Article Details

Author / Journalist: Justin Roberti

Category: Technology

Markets: United StatesUkraine

Topics: Government Interest Rates Tech $MNW Stories That Matter Kamala Harris $BTC Politics Donald Trump Benzinga Inflation Top Stories Cryptocurrency Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 18:11:51 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 873 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22698637

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