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Posted on 4/10/24 at 9:12 am to SlowFlowPro
quote:
We are probably just now feeling the inflationary effects of Biden's spending
I used to think you said dumb shite just to argue with people.
Now I know, after all these years, you are just dumb.
This post was edited on 4/10/24 at 9:13 am
Posted on 4/10/24 at 9:15 am to ksayetiger
quote:
I used to think you said dumb shite just to argue with people.
Now I know, after all these years, you are just dumb.
So you think the trillions and trillions Trump printed in addition to his QE/ZIRP policy continuation, in addition to increasing our normal debt every year, had no impact on inflation?
Look at that line pre-2020. Trump did nothing to curtailing our spending and debt issues PRIOR to Covid. Then his admin negotiated multiple trillions being printed in addition to this normal growth.
And we just pretend that had no impact on inflation?
Posted on 4/10/24 at 9:20 am to SlowFlowPro
So Trump was playing 4d chess all along, he knew the election would be stolen and Biden would be the fall guy. Pretty clever guy, the Don
Posted on 4/10/24 at 9:20 am to ksayetiger
This inflation was hugh because of Motor Vechicle insurance and shelter 
Just incredible
Just incredible
Posted on 4/10/24 at 9:20 am to SlowFlowPro
quote:
And we just pretend that had no impact on inflation?
Yes. Just like they pretend that he didn't subsidize the vaccine which the Democrats then tried to force us to take. Just like they pretend that he had nothing to do with the COVID lockdowns that Fauci and Brix championed. Just like they pretend he didn't resign the Patriot Act. Etc, etc, etc.
He was either the most inept president of all time OR he has part of the plan.
Posted on 4/10/24 at 9:21 am to Padme
This inflationary trend is not going to halt, IMHO. Let's pray that it is slow enough to be tolerable. It's in God's Hands, because, the leadership of the USA have totally failed us - BOTH major political parties have utterly failed us.
Posted on 4/10/24 at 9:21 am to SlowFlowPro
The president doesnt control the budget, lets start there...
Now what were you saying?
Now what were you saying?
Posted on 4/10/24 at 9:23 am to Padme
quote:
So Trump was playing 4d chess all along, he knew the election would be stolen and Biden would be the fall guy.
I said since 2021 I had no idea why they fought so hard b/c 20-24 was going to be a shite sandwich due to all the Covid spending under Trump.
You can tell they knew they fricked up after they passed 2 huge spending bills early and then haven't really mentioned anymore since inflation started hitting in 22. MMT was like "this only works if you control inflation" and it's clear they don't have the bullets to do so.
When was the last time we heard real pushes across coordinated DEM outlets for things like the Green New Deal?
Posted on 4/10/24 at 9:24 am to trinidadtiger
quote:
The president doesnt control the budget, lets start there...
The President and his admin are directly responsible for negotiating spending. Trump was no different.
This is like the "veto proof majority" meme. That only existed because the DEMs and GOP in both chambers AND Trump negotiated that spending. It wasn't like Congress just presented Trump with a bill and said "tough titty". And, after the bill was signed, Trump lamented he didn't get to spend more.
Posted on 4/10/24 at 9:27 am to SlowFlowPro
Don't tell me. Let me guess without reading the whole thread.
According to SloFlow.......all Trump's fault.
According to SloFlow.......all Trump's fault.
Posted on 4/10/24 at 9:30 am to Wishing Well
quote:
According to SloFlow.......all Trump's fault.
Nope.
We pushed major inflationary policy following the 2009 Great Recession with QE/ZIRP, to prop up assets/wealth. This began years before Trump got into office. Trump did continue these policies, and while he burst the bubble with Covid spending, Biden did his own Covid spending.
The scary part is figuring out just when we started feeling Biden's spending, if we have felt it yet.
So GWB, Obama, Trump, and Biden all have fault in the matter, as well as their respective Treasury Secretaries and other finance-related appointed bureaucrats.
Posted on 4/10/24 at 9:31 am to Wishing Well
IMHO, POTUS Trump is a Big Spender, and he did spend big. He is definitely not what I would call a "fiscal conservative".
But, in his defense, IMHO, the USA will NEVER EVER have a true "Fiscal Conservative" political/spending policy regardless of which Party holds the Oval Office.
But, in his defense, IMHO, the USA will NEVER EVER have a true "Fiscal Conservative" political/spending policy regardless of which Party holds the Oval Office.
Posted on 4/10/24 at 9:33 am to SlowFlowPro
quote:
So you think the trillions and trillions Trump printed in addition to his QE/ZIRP policy continuation, in addition to increasing our normal debt every year, had no impact on inflation?
Obviously Trump is a better candidate than Biden. However, to simply ignore Trump’s spending as a contributing effect on inflation is economic illiteracy or willful ignorance. And it wasn’t just COVID. Trump was running trillion dollar deficit in 2019 ($974 Billion) and taking COVID out the equation, his budget deficit in 2020 was $1.02 Trillion.
This is where reality and one’s inability to think critically and independently due to an subservience to a personality meet.
Posted on 4/10/24 at 9:34 am to Ten Bears
quote:
There are some in here that think that we could pay down our debt and fund Social Security if we just cut Ukraine funding.
Not really. It's more than just the money to Ukraine. Our government is involving us in expensive foreign wars that we have instigated in order for defense contractor to make bank. Defense contractors who happen to contribute a lot money to a lot of politicians...
When this war is over, we'll start another one somewhere. When will it end?
Posted on 4/10/24 at 9:36 am to Ten Bears
quote:
IMHO, POTUS Trump is a Big Spender, and he did spend big. He is definitely not what I would call a "fiscal conservative".
quote:
Obviously Trump is a better candidate than Biden. However, to simply ignore Trump’s spending as a contributing effect on inflation is economic illiteracy or willful ignorance. And it wasn’t just COVID. Trump was running trillion dollar deficit in 2019 ($974 Billion) and taking COVID out the equation, his budget deficit in 2020 was $1.02 Trillion.
This is where reality and one’s inability to think critically and independently due to an subservience to a personality meet.
This thread is NOT going the way the people who tried to call me out thought it would
Posted on 4/10/24 at 9:38 am to SlowFlowPro
quote:
Citing Ukraine money as a concern for our debt/inflation shows that person is being irrationally partisan and not serious about the topic.
So why care about any spending if it’s insignificant? Heck, since we are in a debt spiral that we can’t get out of, why tax people at all?
Posted on 4/10/24 at 9:38 am to Jax-Tiger
quote:
Not really. It's more than just the money to Ukraine. Our government is involving us in expensive foreign wars that we have instigated in order for defense contractor to make bank. Defense contractors who happen to contribute a lot money to a lot of politicians...
Oh I agree. I oppose funding the Ukraine war for a number of reasons. The money is actually the least significant reason due to the relatively small amount.
But I have seen many posts in here allude to the fact that all of budgetary issues would magically solved by ending Ukraine funding and that is simply not true.
Posted on 4/10/24 at 9:40 am to SlowFlowPro
quote:I would push it back even further. All the way to FDR.
So GWB, Obama, Trump, and Biden all have fault in the matter, as well as their respective Treasury Secretaries and other finance-related appointed bureaucrats.
Our government, and Americans by extension, have become completely unmoored from the idea that a government can spend too much.
That said. There's no getting around that the combination of 2 years of completely idiotic shut downs extended almost exclusively due to liberals coupled with Biden dropping billions like candy in such a short period are magnifying the problem
Yes. I will include what Trump did in terms of recovery spending too but sheesh, the Dems showed up and basically laughed off what Trump did as pennies.
Posted on 4/10/24 at 9:41 am to Champagne
quote:
But, in his defense, IMHO, the USA will NEVER EVER have a true "Fiscal Conservative" political/spending policy regardless of which Party holds the Oval Office.
I am sure the people of Argentina never thought they would have Milei either. Things can change.
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