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re: Current 2024 Trump v. Biden polling trends with battleground states and 2020 comparisons.
Posted on 3/28/24 at 10:49 am to ronricks
Posted on 3/28/24 at 10:49 am to ronricks
quote:
Trump will not be getting prices down.
Never made that claim.
quote:
What we have now is the new normal. It's not magically going to return to 2019 just because Trump is on office.
The inflation that came from Trump was due to COVID spending in 2020 where congress passed appropriations to pay people to stay home. Before that, fiscal policy was such that the Federal Reserve was actually winding down assets hey accumulated though QE. COVID screwed up that fiscal responsible trajectory. That was the big picture prior to COVID. I do not expect Trump to return to 2019 prices but I do expect his fiscal policies to raise wages such that relatively the current prices are not as detrimental. Big multinationals, Larry Fink, Vanguard, State Street, etc. hate this. When the incremental between prices and wages are high they make bank and vice versa.
quote:
Trump will also spend at a rate on par or exceeding Biden.
Depends on who controls congress.
1
Posted on 3/28/24 at 11:03 am to GumboPot
quote:
The inflation that came from Trump was due to COVID spending in 2020 where congress passed appropriations to pay people to stay home.
And you realize that Trump wanted to spend even more in stimulus money but was blocked by congress. Right? Trump is not and will never be a fiscal conservative. He is about spending then worrying about it later and using tools available like bankruptcy etc. to wipe the debt.
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