Stagflation right around the corner

[otto105]

of course, but Trump wants to do it intentionally. Biden's a screwup, always has been. Trump's nuts. Always has been.

The dollar has been devalued?

When?

 

[Dragonlady]

MSN

Lower and lower economic growth coupled by higher and higher inflation = Stagflation, which is one of the worst economic fates you can experience.

Can democrats leave office in time to blame it all on Orange man?

If not, how will they blame him, which you know they will.

Is there a point to this thread other than to express your joy that the economy is slowing down??

You're actively cheering for your nation to fail. Some patriot YOU are! Even when Conservatives are in power, I pray that nothing bad happens. I don't cheer when their policies cause unemployment or economic hardship.

This is the same thinking that lead Donald Trump to kill over a million people by politicizing the pandemic in order to help his re-election chances.

 

[bendog]

Then why didn't Trump have massive inflation when he was President?

ummmm, because he wasn't allowed by congress to devalue the dollar. And, to take off your partisan pointed hat for a sec here, do you honestly believe people including Republicans were saying before covid that we have way more M2 supply than we need?

And that's no defense of the progs third stimulus

 

[bendog]

The dollar has been devalued?

When?

jfc, follow the fucking thread.

 

[struth]

ummmm, because he wasn't allowed by congress to devalue the dollar. And, to take off your partisan pointed hat for a sec here, do you honestly believe people including Republicans were saying before covid that we have way more M2 supply than we need?

And that's no defense of the progs third stimulus

ahhaha the President can't unilaterally, nor can Congress, devalue the dollar. what the F are you talking about?

 

[otto105]

jfc, follow the fucking thread.

The dollar is very strong currently.


So….

 

[struth]

The dollar is very strong currently.


So….

hahahah compared to what?

Bad news for Biden (and all Americans): Inflation is creeping higher at the worst time​

https://www.cnn.com/2024/04/11/economy/biden-inflation-plan/index.html

Overall, the dollar is worth 18 perecent less then when Xiden took office. The worst we have seen in over 40 years.

 

[Dragonlady]

Then why didn't Trump have massive inflation when he was President?

The inflation was caused by the pandemic, and the disruptions to both supply lines, and manufacturing during the pandemic. That's why the inflation was worldwide and not just confined to the USA.

The USA currently has the lowest inflation and unemployment in the first world. Wages increases for working class Americans are running well ahead of inflation, with basically full employment.

Gasoline prices rose in 2022 because OPEC+ cut production by 8 millllion barrels per day in early 2020, to keep the price of crude oil from collapsing completely with little demand for gas as the world stayed home for a year.

Trump knew in December of 2020 that a vaccine would soon be approved, and that demand for oil would rise as the world got back to work, but he saw this an an opportunity for US oil to profit on their built up surpluses, and probably a chance to stick it to a nation that had just voted him out of office, by signing an Agreement with OPEC+ to keep oil production at 2020 levels, plus 500,000 barrels a day, fully 7.5 million barrels per day LESS than they were shipping BEFORE the pandemic.

 

[struth]

The inflation was caused by the pandemic, and the disruptions to both supply lines, and manufacturing during the pandemic. That's why the inflation was worldwide and not just confined to the USA.

The USA currently has the lowest inflation and unemployment in the first world. Wages increases for working class Americans are running well ahead of inflation, with basically full employment.

Gasoline prices rose in 2022 because OPEC+ cut production by 8 millllion barrels per day in early 2020, to keep the price of crude oil from collapsing completely with little demand for gas as the world stayed home for a year.

Trump knew in December of 2020 that a vaccine would soon be approved, and that demand for oil would rise as the world got back to work, but he saw this an an opportunity for US oil to profit on their built up surpluses, and probably a chance to stick it to a nation that had just voted him out of office, by signing an Agreement with OPEC+ to keep oil production at 2020 levels, plus 500,000 barrels a day, fully 7.5 million barrels per day LESS than they were shipping BEFORE the pandemic.

Inflation was caused by demafacist policies