To the extent Biden is responsible for actually raising the rates, he's to be congratulated for doing the right thing and not extending the bubble even longer.
Not really. I think it's well known here that I complained about Trump not only not raising rates, but trying to get them even lower. Biden simply did the same thing from the other side of the pendulum.
Trump should have slightly and slowly raised rates a couple of points instead of going for lower rates. Biden should have slightly and slowly raised rates a couple of points instead of going hog wild sending rates to where they are now. Which, yes, it's not as simple as that since policies, like taxes and regulations (especially energy regulations) are part of the inflation affect.
While I'm raking in dough via interest because of the current rates, I'm also paying a lot more for stuff. In general, we are better off having $20 and paying $10 for groceries than we are having $40 and paying $30 for groceries.