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Trumpflation Watch

Discussion in 'BBS Hangout: Debate & Discussion' started by SamFisher, Nov 19, 2024.

  1. ROCKSS

    ROCKSS Member
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    I simply do not understand why trump is defending Tarriff`s, its like he doesn't understand the effect this will have to the folks who voted for him simply because prices at HEB were too high, couple that with getting rid of the folks who pick the fruits and veggies which will drive up prices I just dont see the end game...............................wait , are you telling me he is much smarter than all the folks who say this is bad, I am sure someone close to him will inform him and tell him it's a bad idea :rolleyes:
     
    SamFisher and fchowd0311 like this.
  2. ROCKSS

    ROCKSS Member
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    Agreed, that will work for his maga crowd, but for the simple voter who voted for him to get there PB and Jelly cheaper at HEB, will be screwed
     
    fchowd0311 likes this.
  3. fchowd0311

    fchowd0311 Member

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    The Maga crowd will be screwed also because maga crowd needs to buy groceries also. The problem is the Maga crowd will be angry at Juan mowing their lawn and not their political leaders and a few of them will decide to go ahead and shoot up an El Paso Walmart killing many Latino people in revenge.
     
    ROCKSS likes this.
  4. Reeko

    Reeko Member

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    only reason why I think Trump won’t enact a lot of his terrible policy positions is because big business and the billionaire class won’t allow it…they just want tax breaks and stability, not complete and utter chaos

    Deporting the millions of undocumented immigrants they rely on? Over their dead body

    we’ll see how much of these tariffs he really ends up enacting
     
    ElPigto likes this.
  5. SamFisher

    SamFisher Member

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    I was reading somebody somehwere who made the point that the fact that "Tariffs" are called "Tariffs"

    instead of "National Sales Tax on imported goods"

    which is what they actually are is the reason why people don't realize how bad they'd be.
     
    FranchiseBlade likes this.
  6. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    Sam, you are confused again. Lawyers are notoriously ignorant on economic matters.

    A major reason why Trump won was because Democrats raised government spending by TRILLIONS which directly led to inflation (issuance of debt to finance the budget deficit, thereby increasing the money supply). When the money supply increases by 60% in four years, then it's obviously going to require more dollars to buy the same amount of goods. This is inflation.

    Musk + Trump are going to SLASH government spending and government bureaucracy. This will bring inflation DOWN.

    The American voting public understands that Democrats were responsible for our country's inflation. They also believe in Trump's approach to stopping inflation in its tracks.

    GOOD DAY
     
  7. FranchiseBlade

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    Just like he did his first term?
     
  8. DaDakota

    DaDakota Balance wins
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    https://www.investopedia.com/us-debt-by-president-dollar-and-percentage-7371225

    Ooops sorry to rain on your lying parade, but Trump added more than 6 trillion to the debt in just 4 years.

    DD
     
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  9. Xopher

    Xopher Member

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    DaDakota likes this.
  10. ROXTXIA

    ROXTXIA Member

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    I guess George Soros falls under "Jews".

    Gotta get Bill Gates in there, though.
     
  11. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    You are forced to misrepresent the situation because the fact simply aren't on your side. Examine the track records of Trump and Biden. Covid had a massive impact on the final tally of the Trump years... but Biden ramped up spending and deficits to never before seen levels. And that's what caused inflation... and caused Trump's most recent election victory. Here's some data for you to gobble up, rookie. They obviously didn't teach much Econ at Southwest Texas State!

    Fiscal Year
    Total Spending (in Trillions USD)
    2016 3.85
    2017 3.98
    2018 4.11
    2019 4.45
    2020 6.55 [Covid]
    2021 7.25 [Begin Biden]
    2022 6.01
    2023 6.13
    2024 (Estimated) 6.75

    Fiscal Year Budget Deficit (in Trillions USD)
    2017 0.665
    2018 0.779
    2019 0.984
    2020 3.132 [Covid]
    2021 2.772 [Begin Biden]
    2022 1.375
    2023 1.700
    2024 1.800

    OWNED
     
  12. Xopher

    Xopher Member

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    Even Fox disagrees with you.

    https://www.foxbusiness.com/politic...ow-much-debt-grow-under-biden-trump-terms.amp
     
  13. SamFisher

    SamFisher Member

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    Here comes the trumpflation own goal

    Guess how many of your groceries come from Mexico:

    [​IMG]
     
    #33 SamFisher, Nov 25, 2024
    Last edited: Nov 25, 2024
    mtbrays and No Worries like this.
  14. rocketsjudoka

    rocketsjudoka Member

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    Much of our softwood (the stuff 2x4’s are made out of) comes from Canada. I’m already getting ready for a slowdown in construction. We already have a tight market for material and labor. Adding tariffs and deporting a chunk of the labor force isn’t going to make it easy.
     
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  15. rocketsjudoka

    rocketsjudoka Member

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    Also to add Trump’s signature trade bill his last presidency was negotiating and ratifying the US Mexico Canada trade deal (revamped NAFTA). His last presidency made more trade with those countries possible.
     
  16. SamFisher

    SamFisher Member

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    Food from Mexico (there is a lot of it) and lumber from Canada will now cost 25% more.

    Folks, that is recession inducing level of change.

    Mexico is a bigger trade partner than China, fwiw
     
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  17. adoo

    adoo Member

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    dizzing height of willful ignorance.

    you omitted to addressed how the seeds for inflation pressure were panted
    • the ill-conceived trade war started by Trump, which caused global supply chain bottlenecks, which increase the cost of goods
    • Russia's invasion of Ukraine in 2022, which led to increase in the cost of cereal/wheat and oil


    stop making up crap, this is just stupid

    https://ycharts.com/indicators/us_m2_money_supply#:~:text=US M2 Money Supply is,2.61% from one year ago.
    M2 was 19.36 T when Biden took office; it is now ~~21.22,
    an increase of 9% in 4 yrs to support a GDP growth of over 13%
    you conveniently ommited employment/jobs created
    • in his 4 years, Trump lost 2 millions jobs
    • in his first 46 months, Biden has gained over 16 million jobs
     
    #37 adoo, Nov 25, 2024
    Last edited: Nov 25, 2024
  18. AleksandarN

    AleksandarN Member

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    Thank goodness it won’t affect many people. It’s not like we trade much with Canada and Mexico. Not like they are our biggest trading partners in the world. It will be fine. Won’t be anymore inflation so no worries here.
     
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  19. AleksandarN

    AleksandarN Member

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    No biggie. It is always good to add tariffs to our biggest and second biggest trade partner

     
    No Worries likes this.
  20. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    Typical deception -- COVID caused a major drop in jobs at the end of Trump's term. 9 million jobs were lost in 2020 because of blue states shutting down primarily. And the "jobs" that were created by Biden were the rehiring of those people (and illegals). Why can't the left ever be honest? Shame on you. Did you think people wouldn't put this together?
     

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