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Message
re: Donald Trump: Bidenflation Result of Biden’s War on American Energy
Posted on 5/23/24 at 1:49 pm to OccamsStubble
Posted on 5/23/24 at 1:49 pm to OccamsStubble
quote:
But neither are interested in that
Right. Neither seems to understand it that well, but I think thats due to their base
0
Posted on 5/23/24 at 1:50 pm to saint tiger225
quote:
Essentially what we have is 2 old frickers blaming the problems they created on each other.
Yeah, more interested in blame that solving problems.
Posted on 5/23/24 at 1:50 pm to Cuz413
quote:
Cuz413
Captain TDS must cry about Orange Bad no mattee what
Posted on 5/23/24 at 1:51 pm to Revelator
quote:
So you think reversing all of Biden’s executive orders, slowing the border surge, and opening the energy sector will have no impact?
Some, but not enough to return the economy to previous levels.
Even if I'm wrong about that, it will still be on a timer delay, just like everything else that affects the economy.
Your post above regarding the growth of personal wealth, for example. The biggest reason for that disparity is that the effects of Trump's spending hadn't kicked in yet.
Posted on 5/23/24 at 1:54 pm to RogerTheShrubber
quote:
Its monetary policy. Thats what causes inflation. You cant grow the economy enough to solve it.
The inflation rate has risen and fallen during multiple administrations, and each has outspent his predecessors. So why has the inflation number changed throughout that period and what made it go down or up?
Or are you simply saying we are too far in debt to do anything?
Posted on 5/23/24 at 1:56 pm to RogerTheShrubber
quote:.
quote:So you think reversing all of Biden’s executive orders, slowing the border surge, and opening the energy sector will have no impact?
On inflation? Probably not. Not enough to really matter.
Yes, but if Trump gets in goes against his nature and cuts spending and we have a roaring economy and reverse the 3.5T$ deficit and get in the black and apply that surplus to the 35T$ debt then we are in business if we keep that up for a couple of decades.
This post was edited on 5/23/24 at 2:02 pm
Posted on 5/23/24 at 2:01 pm to hogcard1964
Why did it get that high?
Posted on 5/23/24 at 2:03 pm to Warboo
quote:
....gotcha
You really don't.
Your entire idiotic argument is predicated on someone who shouldn't be there. You'd have made a better point if you'd said the dog or a kid knocked it over. In that case, yes, you share some blame for creating the situation in the first place.
Posted on 5/23/24 at 2:06 pm to DisplacedBuckeye
quote:. Why does a dog lick his balls?
Why did it get that high?
Google Gold Standard 1971
Posted on 5/23/24 at 2:07 pm to OccamsStubble
quote:
Yes, but if Trump gets in goes against his nature and cuts spending and we have a roaring economy and reverse the 3.5T$ deficit and get in the black and apply that surplus to the 35T$ debt then we are in business if we keep that up for a couple of decades.
If so, I will be as happy as anyone.
I dont expect it to happen though. Too many people have to get re-elected, and its hard to do that cutting stuff.
This post was edited on 5/23/24 at 2:08 pm
Posted on 5/23/24 at 2:10 pm to Revelator
quote:
The inflation rate has risen and fallen during multiple administrations, and each has outspent his predecessors. So why has the inflation number changed throughout that period and what made it go down or up?
Or are you simply saying we are too far in debt to do anything?
Here's a good article:
Who Is To Blame For Inflation?
From the article:
quote:
Putting the pandemic aside, Trump spent extravagantly, spending more in four years than President Barack Obama did in eight. While Biden may be fanning the flames of inflation, Trump collected the kindling and lit the match.
quote:
That’s not to say Biden hasn’t played a key role. Inflation climbed shortly after his election, and there’s no end in sight. His signature achievement, the American Rescue Plan (ARP), pumped more cash into an overheated economy when supply chains could not keep up, spending almost $2 trillion when the output gap was closer to $400 billion. That’s nearly five times more than what was needed, and the impact was predictable. Experts like Harvard’s Lawrence Summers have been sounding the alarm for over a year.
But Biden’s big spending bills weren’t enacted immediately. The ARP wasn’t signed until March 2021, and much of its spending occurred over several months. Likewise, the Infrastructure Investment and Jobs Act—another commonly cited source of inflationary pressure—didn’t pass until last November, and its spending won’t peak until 2026. Plus, a study by the Chicago Federal Reserve found that the ARP alone can only partly explain recent inflation.
Those findings shouldn’t be a surprise, because significant spending was underway before Biden ever made it to the Oval Office. Even before the Coronavirus Aid, Relief, and Economic Security (CARES) Act—the most expensive bill signed by Donald Trump—the federal government was spending unprecedented amounts due to COVID-19. This act included cash payments to most Americans, housing assistance, boosted unemployment checks, and a pause on student loan repayments, which was recently extended by Biden. These actions may have been necessary at the time, but such policies began under Trump and are contributing to inflationary pressures now.
Posted on 5/23/24 at 2:15 pm to Revelator
quote:
during multiple administrations, and each has outspent his predecessors.
It's not just about how much is spent, or even about running a deficit.
It's about how much of what is spent is quickly circulated into the general economy.
Demand (mostly) drives prices. When there is too much money in the economy and demand exceeds supply, prices go up.
This started during COVID when supply chains were disrupted and it would have happened to some degree anyway.
Posted on 5/23/24 at 2:22 pm to Cuz413
quote:
Are we really gonna act like Trump had nothing to do with the onset of rapid inflation?
Dude don’t be an absolute moron. Please tell us the Biden throw gasoline in the fire.
Posted on 5/23/24 at 2:23 pm to Cuz413
lol like clockwork disgruntled ronbots enter to scream OMB!
Posted on 5/23/24 at 2:24 pm to jbdawgs03
And here's your dumbass repeating one of the few things your feeble mind knows how to say. Phag.
This post was edited on 5/23/24 at 2:27 pm
Posted on 5/23/24 at 2:31 pm to jbdawgs03
quote:
jbidendawgs03
Another $0.25 to your account, comrade.
Posted on 5/23/24 at 2:32 pm to TigersBucs
So all throughout Trumps presidency and the money that was spent and still a relatively low inflation rate of 1.5 Is good but Trump out of office and it immediately jumps up the next quarter till now and somehow it’s Trump was just as guilty ? Strange reasoning
Posted on 5/23/24 at 2:33 pm to Nosevens
quote:.
So all throughout Trumps presidency and the money that was spent and still a relatively low inflation rate of 1.5 Is good but Trump out of office and it immediately jumps up the next quarter till now and somehow it’s Trump was just as guilty ? Strange reasoning
INFLATION
IS
A
BUBBLE
Posted on 5/23/24 at 2:37 pm to Nosevens
Posted on 5/23/24 at 2:45 pm to DisplacedBuckeye
quote:
You really don't.
Your entire idiotic argument is predicated on someone who shouldn't be there. You'd have made a better point if you'd said the dog or a kid knocked it over. In that case, yes, you share some blame for creating the situation in the first place.
With the idiotic scenario you just recommended it would have meant that one of Trumps family or pet caused the fire. Biden should not be in the WH because he is illegitimate (hence a squatter). While he is in Trumps house illegitimately he has decided to burn it down before he leaves. You are not the sharpest tack in the box I see.
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