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re: Trump releases plan to defeat inflation
Posted on 8/15/24 at 7:23 pm to Major Dutch Schaefer
Posted on 8/15/24 at 7:23 pm to Major Dutch Schaefer
No Price Controls?
0
Posted on 8/15/24 at 7:23 pm to Major Dutch Schaefer
Its certainly better than price controls.
Posted on 8/15/24 at 7:24 pm to Major Dutch Schaefer
I was told he never talks about his plan or policies 
Posted on 8/15/24 at 7:24 pm to Powerman
quote:
Please explain to me how you think cutting taxes will reduce inflation
This should be good
Cutting taxes has proven to increase tax revenue reducing the deficit.
Posted on 8/15/24 at 7:24 pm to Major Dutch Schaefer
A good, hardworking America is the #1 force for good in this world and nothing else comes close.
Posted on 8/15/24 at 7:29 pm to Major Dutch Schaefer
It is almost like this guy understands how the economy works.
Posted on 8/15/24 at 7:32 pm to Major Dutch Schaefer
Currently the waste in medical including home health supplies for needy & food is bad. Support companies working with feds force unnecessary supplies and shipping. They won’t accept curtailing what they send knowing that none of it gets used.
Posted on 8/15/24 at 7:33 pm to CamdenTiger
Honestly how can any serious and honest person* disagree with any of this?
*cf. legal citizen
*cf. legal citizen
Posted on 8/15/24 at 7:35 pm to BamaCoaster
quote:
Nothing about sound monetary policy will continue to debase our currency, robbing ourselves and our children.
This is putting a bandaid on a broken arm.
Trump cannot control the Federal Reserve. He can pressure Congress to cut spending and sign off on it when they do...which is what hes saying hes gonna do.
This post was edited on 8/15/24 at 7:36 pm
Posted on 8/15/24 at 7:37 pm to Meauxjeaux
Sure it does
But domestic producers aren't handcuffed right now
They're producing as much as they want to and they'll produce as much as they want to when Trump gets in. Nothing changes on that front.
Ya, drill stem price ain't going down, along with drilling mud, and deck hand wages ----unless you are punching holes in way South Texas and two thirds of your hands are (gasp) illegals.
He is talking out of his azz when he tries to talk energy. Oil and gas is a Potus of its own. At $65 a barrel WTIM becomes a loss and $65 oil is what it will take to get $2.00 gas.
But domestic producers aren't handcuffed right now
They're producing as much as they want to and they'll produce as much as they want to when Trump gets in. Nothing changes on that front.
Ya, drill stem price ain't going down, along with drilling mud, and deck hand wages ----unless you are punching holes in way South Texas and two thirds of your hands are (gasp) illegals.
He is talking out of his azz when he tries to talk energy. Oil and gas is a Potus of its own. At $65 a barrel WTIM becomes a loss and $65 oil is what it will take to get $2.00 gas.
Posted on 8/15/24 at 7:40 pm to scottydoesntknow
quote:
Trump cannot control the Federal Reserve. He can pressure Congress to cut spending and sign off on it when they do...which is what hes saying hes gonna do.
I understand that, and you’re right.
However, Trump could, in his own way, get in front of cameras and do a 2 min PowerPoint presentation of why we have inflation. Media would HAVE to talk about it, and he’d reach millions with the honest, root cause of inflation.
This is a bandaid.
Posted on 8/15/24 at 7:42 pm to TDsngumbo
Donald’s real plan is to try and get elected and piggy back off the economic success of the Biden/Harris administration these last 18 months. Just like he did after Obama
Do you know how capitalism works? Prices are always going to rise. The goal is to have real wage growth exceed inflation. Unfortunately there was a global pandemic that disrupted the economy, and it’s taken 3 years to get back on track.
Real wage growth has outpaced inflation every month since March 2023.
Inflation vs Wage growth 2020-2024
Believe it or not the economy is strong.
Do you know how capitalism works? Prices are always going to rise. The goal is to have real wage growth exceed inflation. Unfortunately there was a global pandemic that disrupted the economy, and it’s taken 3 years to get back on track.
Real wage growth has outpaced inflation every month since March 2023.
Inflation vs Wage growth 2020-2024
Believe it or not the economy is strong.
Posted on 8/15/24 at 7:44 pm to Bonkers119
quote:
Prices are always going to rise.
Please tell us…why is this the case?
Has it always been the case?
Posted on 8/15/24 at 7:47 pm to Powerman
quote:You’re so stupid it’s hard to believe you can process oxygen without assistance.
But domestic producers aren't handcuffed right now
Gas prices haven’t gone up 40% since he left office? They have. At no point during Trumps presidency did the average go above $3. It hasn’t been under $3 since 2021 and was over $5 in June 2022.
You think it went up because they felt like it? Regulations, limits on future drilling, the “climate crisis” idiocy, on and on and on.
Everything other than the air you breathe costs more if energy costs more. The compounding effect just makes it worse.
If Trump did nothing else but that the situation would dramatically improve.
Posted on 8/15/24 at 7:50 pm to BamaCoaster
quote:
Has it always been the case?
Yes it has lol. Inflation might have slowed down during longer period of times, but those were usually accompanied by slower economic expansion
Inflation 1929-2023
The whole purpose of capitalism is to keep growing and expanding your economy. Deflation is bad. Deflation brings recessions/depressions.
That chart shows that there has always been inflation, and there will always be.
This post was edited on 8/15/24 at 7:52 pm
Posted on 8/15/24 at 7:50 pm to Bonkers119
quote:
Real wage growth has outpaced inflation every month since March 2023.
Inflation vs Wage growth 2020-2024
Believe it or not the economy is strong.
Not really
Cliff notes:
Wages up
Work week down
Take home pay down.
This post was edited on 8/15/24 at 7:56 pm
Posted on 8/15/24 at 7:51 pm to SelaTiger
quote:
That’s amateur stuff, Kamala is going to kick start the housing crisis by giving 25k to new homeowners. That’s leadership!
Don't forget raising taxes on those evil rich people.
Posted on 8/15/24 at 7:54 pm to Powerman
quote:
nothing to do with inflation
All those things increase productivity, lower the cost of production (energy), or decrease money printing (government waste).
All those effect inflation.
That's why we had Rona inflation.
More $$$ was chasing fewer goods and services.
Posted on 8/15/24 at 7:58 pm to Major Dutch Schaefer
I love Trump. This is loads more than Harris can talk about, but that's not a plan. These are talking points.
How is he going to unleash American energy?
How is he going to reign in wasteful federal spending?
How is he going to cut taxes?
How is he going to end destabilizing wars?
That would be a plan.
How is he going to unleash American energy?
How is he going to reign in wasteful federal spending?
How is he going to cut taxes?
How is he going to end destabilizing wars?
That would be a plan.
Posted on 8/15/24 at 7:59 pm to Powerman
quote:
They're producing as much as they want to and they'll produce as much as they want to when Trump gets in. Nothing changes on that front.
You don’t just produce “as much as you want”
There is a massive amount of planning and spending that goes into increasing capacity to produce. And this admin told them they would be shut down.
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