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Started By
Message
re: What is Trump's plan for inflation and reducing the federal deficit/debt?
Posted on 3/10/24 at 8:54 am to NC_Tigah
Posted on 3/10/24 at 8:54 am to NC_Tigah
quote:
Inflation can be a derivative supply-demand mismatch, monetary policy, etc
In this case, it was pumping the economy full of money which busted the housing markets and exploded inflation a short time thereafter.
Its all record. We fricked up, we are here now and this is our new norm.
1
Posted on 3/10/24 at 8:55 am to SlowFlowPro
quote:
This has no place in a discussion of an idiosyncratic macro event like Covid.
Right, its deflecting.
Posted on 3/10/24 at 8:55 am to RogerTheShrubber
Within the context of this thread, using NC's argument, Biden is also not responsible for inflation.
Posted on 3/10/24 at 8:57 am to frogtown
quote:Right, and when it does, and when it is the predicate for inflation, how does it present?
When you inject money into the economy, it takes some time to work its way through.
The novelty of CV19 is the economic shutdown in Spring of 2020, and slow subsequent return. That sucked massive amounts of money from the system. The responsive government injections were premised as replacement for that loss to maintain par, as it were.
Posted on 3/10/24 at 8:58 am to SlowFlowPro
quote:
Biden is also not responsible for inflation.
Right. This feels like a "true believer" moment.
When you delve into details of course there are differences but overall its the same economic scheme.
I dont see objectively how anyone could look at this longer run and claim there are any real differences, outside of 2020.
Posted on 3/10/24 at 9:02 am to NC_Tigah
quote:
. The responsive government injections were premised as replacement for that loss to maintain par, as it were.
Thats not how it played out.
The government provided incentives not to work in much of 2020. They flooded the economy with cash and when we opened up, predictably it sputtered.
The unemployment system itself was subject to hundreds of billions in fraud. Nigerians and serial con artists did better than the folks who worked through it.
Posted on 3/10/24 at 9:03 am to SlowFlowPro
quote:Not being critical, just frank. If you think Biden was not blameworthy for many conditions causative of our 2021 national supply issues, you really may be out of your depth here. You should do a bit more reading about that period.
Within the context of this thread, using NC's argument, Biden is also not responsible for inflation.
Posted on 3/10/24 at 9:04 am to NC_Tigah
quote:
If you think Biden was not blameworthy for many conditions causative of our 2021 national supply issues, you really may be out of your depth here
Most caused by shutdowns in 2020.
Posted on 3/10/24 at 9:04 am to RogerTheShrubber
So blame Trump not China, nih, cdc, governors, legislatures, Congress, libs BUT only Trump.
Posted on 3/10/24 at 9:06 am to momentoftruth87
quote:
So blame Trump
Not for all of it. There was a global shutdown.
Just for his part. Paying millions not to go to work.
Posted on 3/10/24 at 9:06 am to SlowFlowPro
Can you draw a line on the graph to show 2018 when the dems took over the House?
Posted on 3/10/24 at 9:07 am to Cobbvol
They can’t obviously Roger blames only Trump
Posted on 3/10/24 at 9:08 am to Cobbvol
Roughly where the Tax Cuts are.
If you notice, the trajectory never changes until 2020.
If you notice, the trajectory never changes until 2020.
This post was edited on 3/10/24 at 9:10 am
Posted on 3/10/24 at 9:09 am to NC_Tigah
quote:
If you think Biden was not blameworthy for many conditions causative of our 2021 national supply issues, you really may be out of your depth here.
Again, if it were just this, inflation would have subsided.
Our inflation was caused by flooding trillions of dollars into our money supply. Full stop. Trump and Biden both pumped trillions.
Posted on 3/10/24 at 9:09 am to RogerTheShrubber
quote:Rog, inflation secondary to a flood of dollars and concomitant dollar devaluation is simply not what we saw in 2021. The dollar strengthened as inflation rose.
The government provided incentives not to work in much of 2020. They flooded the economy with cash and when we opened up, predictably it sputtered.
Posted on 3/10/24 at 9:09 am to SlowFlowPro
My everyday living was cheaper under Trump. And there were no wars. Laugh all you want lady boy. Enjoy watching your candidate get crushed in November by Daddy Trump
Posted on 3/10/24 at 9:10 am to momentoftruth87
quote:
So blame Trump not China, nih, cdc, governors, legislatures, Congress, libs BUT only Trump.
So, on the flip side, we don't blame Biden either, right?
Posted on 3/10/24 at 9:10 am to NC_Tigah
quote:
The dollar strengthened as inflation rose.
Again
Just because we had less inflation than the rest of the world does not mean that we did not have inflation domestically.
Posted on 3/10/24 at 9:11 am to RogerTheShrubber
quote:
Roughly where the Tax Cuts are.
Thought you were a conservative. Tax cuts are bad now?
Posted on 3/10/24 at 9:12 am to Tight 10
quote:
My everyday living was cheaper under Trump.
If he had won in 2020, this would not be true, due to the inflation Trump had a hand in causing
quote:
And there were no wars
A function of luck and opportunity.
Trump was only presented with one opportunity to get the US involved militarily and he chose to engage militarily.
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