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re: Trumps plan to defeat inflation - What do yall think?
Posted on 9/8/24 at 10:57 am to boomtown143
Posted on 9/8/24 at 10:57 am to boomtown143
My biggest issue with Trump, perhaps my only issue with him at this point, is his insistence on reshoring while maintaining GRC status. That simply cannot be done. Neither can you reshore without very high inflation. However, if industrial policy is structured so that wage inflation is allowed to outrun consumer inflation it still works. It works out really well as a matter of fact. Middle America wins, Wall St and DC lose.
1
Posted on 9/8/24 at 11:59 am to boomtown143
Regulations don't impact inflation...not sure why there are like 3 bullets on regulatory changes to open up industry. A hot economy equals inflation.
Energy? We're in the best spot we've ever been in when it comes to energy production. Not to mention, I'm not sure if fricking nuclear reactors are the thing to "blast through every bureaucratic hurdle to issue rapid approvals" for...I mean, yikes. Again, not sure what that has to do with inflation.
Tariffs? Really? Yeah, I guess killing the economy with a 10% price hike on all foreign goods will definitely keep inflation down lmao
Inflation is back to normal. Why is this even a discussion?
Energy? We're in the best spot we've ever been in when it comes to energy production. Not to mention, I'm not sure if fricking nuclear reactors are the thing to "blast through every bureaucratic hurdle to issue rapid approvals" for...I mean, yikes. Again, not sure what that has to do with inflation.
Tariffs? Really? Yeah, I guess killing the economy with a 10% price hike on all foreign goods will definitely keep inflation down lmao
Inflation is back to normal. Why is this even a discussion?
Posted on 9/8/24 at 12:00 pm to Art Blakey
quote:
Middle America wins, Wall St and DC lose
Which means it will never happen.
Trump sides with whomever can enrich him, personally, the most.
Posted on 9/8/24 at 2:53 pm to mmmmmbeeer
quote:
Energy? We're in the best spot we've ever been in when it comes to energy production. Not to mention, I'm not sure if fricking nuclear reactors are the thing to "blast through every bureaucratic hurdle to issue rapid approvals" for...I mean, yikes. Again, not sure what that has to do with inflation
Trump did nothing for US companies when he was in office. He was either outplayed or was working with the Saudi’s last time.
Posted on 9/8/24 at 4:58 pm to boomtown143
Not a big fan of either but give me Trump over Kamala, and it's not particularly close for me.
This post was edited on 9/8/24 at 5:00 pm
Posted on 9/9/24 at 8:00 am to r3lay3r
quote:
Not my gal.
I don't believe you. You well know any critique whatsoever of anything put out by the Trump Campaign automatically means you are a commie-loving Harris donor and voter.
Posted on 9/9/24 at 8:10 am to mmmmmbeeer
quote:
Inflation is back to normal. Why is this even a discussion
How are you this stupid?
Posted on 9/9/24 at 8:20 am to SDVTiger
quote:
Inflation is back to normal. Why is this even a discussion
How are you this stupid?
_______________
Enlighten me. What is the inflation rate?
Inflation is back to normal. Why is this even a discussion
How are you this stupid?
_______________
Enlighten me. What is the inflation rate?
Posted on 9/9/24 at 8:23 am to KWL85
quote:
Enlighten me. What is the inflation rate?
Less than 2% based off Fed numbers
But your retarded buddy thinks that means prices are back to normal
Posted on 9/9/24 at 8:28 am to SDVTiger
quote:
But your retarded buddy thinks that means prices are back to normal
I thought he/she above said INFLATION was back to normal, not prices.
Posted on 9/9/24 at 8:37 am to boomtown143
quote:
As inflation is tamed, interest rates will fall dramatically—reducing mortgage rates back down toward 3%, saving the average homebuyer thousands of dollars per year.
The man can't help himself... a mortgage rate between 3% and 3.5% (giving a range for his "back down toward 3%" language) means an overnight key rate of around 1.5% to 2%.
I'm all for slashing regulation, and I mean slashing to near nothing, but most of his plan has nothing to do with inflation and has a capstone of "and then I'll turn inflation back up again!"
Posted on 9/9/24 at 8:50 am to achenator
quote:
Also I don't believe the part about fast tracking new refineries and such. That takes a decade or more to develop and companies are going to be hesitant because he'll be gone in 4 years. A Democrat can come and pull the rug out.
isnt it all the regulations that make the process take decades? if he's cutting back on regulations couldnt they feasibly get a new refinery up and running in half the time? also, are there existing refineries that could be retrofitted with updated equipment to speed up the production process? oil and gas will be around for decades to come so may as well start the process of getting new refineries going.
Posted on 9/9/24 at 9:13 am to Teauxler
quote:
Can we compare to Kamala’s plan ?
Give it a week or two. She'll copy & paste it as her new "opportunity economy" platform
Posted on 9/9/24 at 9:17 am to boomtown143
Nothing will decrease. Except for maybe some interest rates. He may help control inflation.
Posted on 9/9/24 at 9:37 am to ragincajun03
quote:
I thought he/she above said INFLATION was back to normal, not prices
Thats what he said. What he thinks/means is that prices are back to normal
All leftards are trying to do this. Ask who he is voting for and why
Posted on 9/9/24 at 10:28 am to SDVTiger
quote:
Thats what he said. What he thinks/means is that prices are back to normal All leftards are trying to do this. Ask who he is voting for and why
I haven’t seen anyone do this, here or IRL. What I have seen are people still claiming that inflation is out of control because prices haven’t gone back down, which is delusional and never going to happen, short of a massive depression.
You seem to be projecting, per usual.
Posted on 9/9/24 at 11:23 am to KWL85
quote:
Inflation is back to normal. Why is this even a discussion
How are you this stupid?
_______________
Enlighten me. What is the inflation rate?
About 50% above their "target" per the most recent meaningless cpi # churned out by the fun with numbers bunch at the BLS. Target in quotes because it is based on literally nothing, aka, a random central banker in New Zealand pulled it out of his arse and Bernanke latched on to it as did the goons at the EU. A debt based fiat monetary system requires inflation to avoid implosion. 2% is the Central Bankers' best guess at an acceptable threshold of savings theft the plebs will tolerate without grabbing pitchforks and storming the Eccles Building.
Posted on 9/9/24 at 11:34 am to Joshjrn
quote:
What I have seen are people still claiming that inflation is out of control because prices haven’t gone back down, which is delusional and never going to happen, short of a massive depression.
Yeah did people expect prices to suddenly go back down for goods and services? Except in a deflationary environment which basically means recession that is not going to happen and it never has. Would be a horrible sign for the economy
Posted on 9/9/24 at 12:02 pm to UltimaParadox
quote:
Yeah did people expect prices to suddenly go back down for goods and services? Except in a deflationary environment which basically means recession that is not going to happen and it never has. Would be a horrible sign for the economy
The ignorance of the general population regarding economics/finance should never, ever be underestimated. It knows no floor
Posted on 9/9/24 at 12:21 pm to mmmmmbeeer
quote:
Regulations don't impact inflation...not sure why there are like 3 bullets on regulatory changes to open up industry.
Not in the traditional sense but regulations have a definite impact on the price of goods. Think of how much less vehicles would cost if manufacturers were allowed to make what sells without having to adhere to arbitrary cafe standards or money draining EV mandates.
quote:
We're in the best spot we've ever been in when it comes to energy production.
Energy is more than just oil. Energy is also electricity which has become ridiculous due to trying to close whole industries (coal) and forcing electricity producers to adhere to stupid green regulations and restricting capacity. We should have the cheapest electricity on the planet due to our resources.
The inflation rate is better but the imbedded cost of regulations and energy can definitely be reduced.
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