Several HOTLINE readers have asked us how much of the inflation rise is due to the Biden presidency.

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.

Thanks, Joe.