Trumpflation Watch

False -- they work for liberal universities or think tanks and can't take any other position without ruining their careers. Or they are Manhattan liberals. Or ivory tower academics detached from reality.

The business community, which you are most definitely not in, fully supports Republican economic policy. They laughed at Harris/Biden/Obama's economic policies (price gouging is responsible for inflation -- lol what a joke) -- which makes sense because none of them ever held a serious job in the business world -- or even in the private sector. Liberal economic and financial policies are just universally considered awful.

 

Yes yes the "liberal think tanks" lol AKA the people who dont agree with me so they are all biased.

Which business community lol? The top earners LOL, yea Im sure they love Trump. He gives their b**** ass tax cuts.

 

Business interests =/= good for the economy

 

LOL, inflation is why Kamala/Biden lost. You are chasing the old issue. Now we are on to economic growth and prosperity.

 

I love that Democrats think that if inflation occurs during a Democrat presidency, it is because of the prior Republican administration, but if it occurs under a Republican administration, it is due to the current Republican administration's policies. It's a real heads Dem wins, tails Rep loses situation. I would say instead that there are very clear concepts of what causes inflation, and it is deficit spending. If more money is being put into the economy than is being taken out, inflation will result. The bigger the deficit, the bigger the inflation. It all relates to supply and demand. If you increase the amount of money in the economy, demand increases. Unless there is a(n uncompensated) productivity increase, that means prices will rise. If you remove money from the economy (budget surplus), then prices will fall (absent a collapse in productivity). There will be inflation under Trump. Some of it will be due to what is happening now during the Biden administration. Some of it will be due to what happens under Trump (who I expect to run deficits, plus institute tariffs which cause artificial inflation on imports). If the US wants to eliminate inflation, they need to vote for someone that will cut spending.

 

Pure gold.

DD

 

And I reminder that the previous Trump presidency also spent a lot of money and the first CARES checks were made under that administration.

Also historically the debt has grown faster under the Republican administrations.

 

Is everyone looking forward to your electric bills being cut in half next summer like Trump promised? I guess we'll wait and see.

 

Inflation also occurs when the cost of production increases - its called cost push inflation. Like when the price of the major input into the economy (oil) spikes due to a war. Or when the supply chain breaks down due to a pandemic. No one with a brain said these were the fault of democrats or republicans.

Trump on the other hand wants enormous tariffs and to deport cheap labor which will both also cause inflation. If he does this inflation will be caused directly by his policies and not international catastrophes.

 

i love that economics illiterates, such as you, ignore the direct correlation between trade wars/ tariffs and inflation

see the response above

willful ignorance on your part

FDR spent a lot to resusitate a dying economic; his economic policies revitalized the dying US economy, w minimum effect on inflation

Reagan spent alot as well, the US economy grew under his watch, w minimum effect on inflation.

W spent a lot, his budget deficits were greater than those of all his predecessors combined; altho the financial industry bankrupted, the effect on inflation was negligible.

Obama spent alot to rescue the mess created by W, as well to fund ObamarCare; YOY inflation was lowered than the W years​

Willful cluelessness on your part;
Biden's budget deficit has been much bigger than that for Nixon, Ford and Carter. Yet

• YOY inflation for Biden has been 5.2%, which is blower than
  • 5.7% for Nixon
  • 8.0 % for Carter
  • 9.9% for Ford

https://www.investopedia.com/us-inflation-rate-by-president-8546447
​

 

Inflation occurred because of supply disruption and Biden did inherit that and inflation is finally improving

Covid relief started under Trump

 

"artificial inflation?" Really? What nonsense. Either there is inflation, which is not difficult to measure, or there is not.

 

Yes, Trump is one of the biggest deficit spending presidents, of course he is also responsible for inflation.

It is artificial inflation because the price increase is not actually due to inflation, it is a tax increase on those goods. If a city passes a 2% sales tax, it didn't cause 2% inflation, it just tacked a tax onto prices. For the consumer, the end result is the same (paying more for the same thing).

 

I'm not defending tariffs, and I said that from a consumer prospective, they are indistinguishable from inflation, but go off girlfriend. Also, I didn't want Trump, which is why I voted for Chase Oliver.

 

by default, those who did not benefit from Biden's term will be crushed further by Trump


.


Brace yourself for the introduction of .. Transistory Recessions 'era

 

Trump paid plenty of lip service to those dumbass working-class Americans who believed he would make their life better, but he’s moved quickly to stack his administration with billionaires that share his vision of a rigged economy that only works for people like them. Inequality is going to skyrocket after 4 more of Trump. I guess they'll find out how their life is better in four years. The sad part is that many of those fools probably need affordable health care, or are already living in an environment spewing chemicals into the air and water, or are working 60 hour weeks to stay ahead, in unsafe working environments. Trump's appointed 9 billionaires so far, and my hunch is that cabinet full of billionaires don't give a damn about the working class Americans, but will reap the tax cuts and regulation cuts so the biggest Corporate heads of our country get wealthier and squeeze their extra profits from the working class who thought Trump fought for them.