re: Meet Howard Lutnick, leader of Trump’s economic transition team.

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Better chance of him going along with Mike than Kamala

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Whataboutism wasn't the question.

This was the question:

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Trump can't stop inflation unless he stops printing money. Will he?

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On a side note why were 100% tariffs by Germany and Japan on American goods and services okay under the Marshal Plan good for them?

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A. Different economic times.

B. Countries do irrational protectionism all the time that don't ultimately benefit them.

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ending the insufferable “Marshal Plan.”

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I think after 80 years, if Europe can't - or won't - take a bigger role in its own defense, they can't be helped.

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1. Refill when Trump brings prices down

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This, if not sooner.

And change the laws to where a POTUS can't simply empty it for any reason but needs to state a genuine national emergency.

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This has been discussed in another thread already. read it

Here's the problem. The radical left wing of the Dems who have control have been trying to STOP the permitting of lng export facilities in the US. They have also slowed construction of new refinery's as well. This is not debatable.

LINK

On his first day in office, Biden signed an Executive Order to impose a temporary moratorium on oil and gas lease activities in the Arctic National Wildlife Refuge, withdrew offshore areas in Arctic waters and the Bering Sea from oil and gas drilling, and revoked a key permit for the Keystone XL pipeline. In June 2021, the Biden administration went further in ANWR and suspended oil and gas leases.

In his second week in office, he signed another Order that put a “pause” on new oil and gas leasing on federal lands and offshore waters. The Biden Administration violated Congressional statute by halting all federal oil and gas lease sales – onshore and offshore – and is thereby laying the groundwork for a decline in federal production over time.


LINK


Judge Orders Biden Administration to Resume Permits for Gas Exports

President Biden had paused new natural gas export terminals to assess their effects on the climate, economy and national security. A federal judge disagreed.


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Most O&G projects aren't very quick - especially talking about LNG plants or deep water platforms - the benefits we're seeing now are from work that was started 5-10 years ago. Biden's policies are hurting the next round of projects.



powerbottom is a dumbfrick commie. he does not know shite about leasing, permitting, drilling, production timelines or shite about federal or private lands or bidens comments about federal leasing.

we discussed this yesterday.

next he will say we did not have a moratorium under obama or him and biden did not shut down keystone XL!

or that dems love fossil fuels! love them so much california wants no more gasoline powered cars!



75% of oil production here comes from PRIVATE AND STATE LANDS

NOT FEDERAL

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None of that answers the question.

All of that aside, we expect Trump's administration to produce even more oil than Biden's. Without considering anything you just posted. Just because that's the trend of the last three administrations.

Regardless of whether trump's energy policies or Biden's energy policies were being followed. Remember, we already followed Trump's energy policies once. And Biden still outproduced him in the subsequent administration.

So the first question you have to answer is, since this comparison has already happened once and the result is that it makes little difference which philosophy was followed, are you saying that the above text wall is fundamentally different than what Trump did between 2016-2020? I'm not sure it is.

Even if it is, if you're saying that the increase in production is going to be so much greater than we would expect it to be just on the trend, you do realize that too much supply is just as bad as not enough, yeah? The price of oil going too low is just as bad as the price going too high. You realize that, right?

And because of that, you realize that oil companies will only let the price go so low before they artificially limit production to bring the price back up, right?

So after a certain point, you realize that it doesn't matter how much more production we can achieve, yeah?

So given all of that, in order to answer the question, you've got to show the margin. How Trump's policies (this time) are going to result in just the right increase in production. Not too much, not too little. Nobody has showed that yet.

I frankly don't think there's going to be much difference. i don't think there's room in the market for there to be too much difference.

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Define fixing the spending/debt problem.

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I haven't done the math in a bit, but we likely can't grow our economy enough to just service the increase in debt via compound interest (even if we had a balanced budget), at this point.

Our GDP is about 24.5T

Our tax receipts will be about 20% of our GDP.

Just for recent numbers,

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n FY 2023 total government spending was $6.13 trillion and total revenue was $4.44 trillion, resulting in a deficit of $1.70 trillion,

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Assuming the 20% rule is correct, just to match that 1.7T deficit, how much would our GDP have to increase?

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Also, your diversion attempt didn't make me forget you haven't answered the question

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If Trump follows his natural propensity to manage his presidency like he did pre-COVID he will stop "printing".

Now before I continue we have to define "printing". Printing is when congress deficit spends AND floods the bond market with Treasuries and the Federal Reserve has to step in to maintain price to maintain stated Fed's Fund Rate. When that happens the Federal Reserve balance sheet grows with Treasury bonds (and other assets like MBSs from the 2008 Financial Crisis).

I highlighted the Fed Balance sheet during Trump's term. Money printing was on the decline as the Fed was unwinding assets on their balance sheet then COVID hit.

Technically, Biden is not printing now because the Fed Balance sheet is decreasing but this is kind of disingenuous because Biden printed so much at the beginning of his term and the Fed's Fund Rate is very high making their balance sheet decrease (Fed buys less treasuries, price decreases, yield increases).
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TL/DR: yes, Trump will stop printing. I base that on his historical behavior during normal times.


ETA: just want to point out that the Fed's stated Fed's Fund Rate goal has to be physically achieved on the bond market via buying and selling.