That was some imprecise language on my part because I wrote Biden stimulus and later inserted shutdown too. But who ordered what wasn't really the thrust of the argument. I was saying that the reactions we had to covid might have had some inflationary effect, but to whatever extent they did, it was worth it.
Trump tariffs, deporting cheap labor, and deficit monster tax cuts - long term interest rates are rising even as the fed cuts rates with low inflation now - anticipating Trump policy to cause long term inflation. Let's hope Trump actually realizes how bad his policies are for inflation. Doubtful, but let's hope.
Trump's tariffs could raise the cost of generic drugs in the U.S. About half of all generic drugs are manufactured overseas and that about 80% of all active pharmaceutical ingredients, or APIs, are produced abroad. If Trump doesn’t grant some kind of exemption, importing generic drugs is likely to become more expensive — a cost that could be passed on to patients or force more struggling generic drugmakers out of the U.S. Tariffs could cause generic drug prices to skyrocket should more generic drug manufacturers drop out. “If the tariffs make it so that they no longer feel like they can make a reasonable profit, then they stop selling,” he said. “And either that means that the remaining manufacturers in the market can raise the price even further because they have more market concentration or it means there’s a risk of shortage.” https://www.nbcnews.com/health/health-news/trumps-tariffs-raise-cost-generic-drugs-us-rcna181221
Lol at the thread being started by the person who started Bidenomics a nd celebrated it like it was successful
Bidenomics was about investing in US infrastructure, strategic supply chains, and green tech. Unfortunately the Biden admin was a terrible communicator and promotor which is why you think it wasn't successful.
I feel like Covid is on Trump; he didn't need to shut down the economy, but just take it seriously and be a leader who tells everyone to take it seriously. However, he just isn't that guy. As far as the economy.... Trump is again inheriting a much better situation than his predecessor so he has that tailwind. He can certainly juice things to an extent to offset tariffs/deportations. Lots of ways Trump could take things
the score board Trump 1.0 failed at coming up with an infrastucture plan lost 2 millions jobs Bidennomics signed into law an infrastucture bill created ~~ 16 millions jobs positive job growth evert month---avging > 100K jobs---for 46 consecutive months so far.
Nah, I think the reality is that policy some time just takes time to trickle down to the everyday person. Biden invested in America and incentivized manufacturing to come back to the states, but things don't move at the speed of light. Take microchip manufacturing for an example, it will ultimately be a good thing for America and it will create jobs and allow us to be less dependent on Taiwan, but these plants are either just starting to be finished, or are likely not going to open for another few years, so the public will not realize that good policy led to a stronger America and less dependency on foreign trade. Or how about lithium? We will hopefully have more lithium mining operations in the states in the next few years. Once again, something the Biden administration pushed for and it will eventually come to fruition thus reducing our dependance on imports, but just takes time. https://foreignpolicy.com/2024/06/26/us-lithium-mining-energy-security-china/ I don't see a problem with you not liking the Biden presidency. I have no problem if you disagreed with the approach and I have no problem if you believe that the economy did not do well under his watch. Afterall, the administration did struggle to find ways to bring down every day consumer prices. They definitely worked on policies that would encourage reduction, but once again, **** doesn't happen over night and if new plants and operations have to be started from the ground up, then 4 years is just not enough to feel those impacts. Trump tax policies eventually caught up with this country. He also put a lot of pressure on the Fed Reserve to push interest rates down. Although the Fed operates independently of the president, I'm sure there is some influence behind what the president desires. Ultimately pushing interest rates down led to housing issue since prices went through the roof due to low interest rates and investors pricing the consumer out of the market. I don't think we would be in the inflation hole we are in if Trump would have held off on unnecessary tax cuts to corporations. Imagine if he would of had that card to use when the pandemic caused issues globally.
'America First' now is going to translate into 'America Last' later down the road when China takes over and leads with climate change tech efforts. Let's face it...they already have the lead in this regard. Trump may have visions for making America great again now but he has no global vision for making America great on the world stage. His vision is more about taking a back seat. And, it starts with withdrawing from the climate agreement and bowing to China's climate-tech driven economy that other countries will be on board with. It's a very short-sighted vision imo. But, by all means....let's see how this plays out. Let's pollute it up!
Even if you believe Biden invested in America (I certainly don't) the fact he appointed Harris as a VP was his biggest mistake. Now we have 4 more years of Trump. That said it's better than Harris.
What a world of deregulation looks like: Be very careful where you put your money in a deregulated environment. If you are relying on market forces to ensure the products and services you use or consumer are safe....I hope you are ready haha.
Even the Ukraine money benefitted the USA as we gave them our old weapons and bought new ones to replace them for our Troops. DD
Not Germaine to the discussion - we give them old retired equipment some of it from the Vietnam era, and we spend the money on new equipment for our troops. While it may look like the Ukraine is getting money - they are not, the US manufacturers are getting that money, it is more of an infrastructure bill, but MAGAts are primarily too ignorant to know that. DD
