Has inflation hurt your lifestyle? Under Trump, inflation would soar!

[postman]

Sure, say it 50 more times...and it still won't be true...moron.

Let me count the ways. All businesses are open. All schools are open. You're free to travel without a mask. And the store shelves are again fully stocked.

And you say you're not better off?

 

[Man With A Plan]

Four years ago unemployment reached 10.3%

Those people couldn't afford to pay their bills without a government bail out.

Now those 14 million are working, and not on the government dole.

They're certainly better off.

With all due respect, Postman? That's one of the most ignorant posts anyone will make on this board today! Unemployment in the US was up not because of Trump policy...it was up because individual State Governors had imposed lock downs on private businesses not deemed "critical"! Conversely those 14 million didn't go back to work because of job creation by the Biden Administration (although god knows he loves to take credit for it!) it was simply the lock downs ending and people returning to jobs they held before!

So did you want to explain to us how having to pay an extra $40,000 out of pocket has made people "better off"? Biden's misguided fiscal policy caused rampant inflation and that inflation has drained people's bank accounts and forced them to run up record amounts of credit card debt!

 

[CowboyTed]

All the Trump supporters have been using inflation as a weapon against Biden and Harris. What they would get under a Trump administration is more inflation and an spiraling down economy.


On Bloomberg TV this morning, Jay Pelonsky said the exact same thing (inflation would soar and the economy would tank if Trump wins).

Who is Jay Pelonski?

Jay Pelosky is the founder of TPW Advisory. He has over 35 years of buy-side and sell-side financial market experience. Before going independent, Jay was at Morgan Stanley, where he was ranked #1 by Institutional Investor in Global Equity Strategy and Global Asset Allocation Strategy.

I can't understand why econmists have not explained how Trump caused global inflation the last time.

High Gas Prices Are Donald Trump's Fault

According to Trump, he worked out a deal where OPEC producers would all agree to reduce their output.

cepr.net

 

[Man With A Plan]

I can't understand why econmists have not explained how Trump caused global inflation the last time.

High Gas Prices Are Donald Trump's Fault

According to Trump, he worked out a deal where OPEC producers would all agree to reduce their output.

cepr.net

Ah...because it wouldn't be true? Duh?

 

[postman]

With all due respect, Postman? That's one of the most ignorant posts anyone will make on this board today! Unemployment in the US was up not because of Trump policy...it was up because individual State Governors had imposed lock downs on private businesses not deemed "critical"!

So four years ago, Trump policy or not. stores were closed, businesses closed, restaurants closed. Cruise ships closed, schools closed.

And now you refuse to admit we're better off than four years ago?

 

[Thinker101]

Let me count the ways. All businesses are open. All schools are open. You're free to travel without a mask. And the store shelves are again fully stocked.

And you say you're not better off?

You talking about all the businesses you loons didn't close down or burn down? Store shelves stocked and priced 20%-30% higher....clown.

 

[CowboyTed]

With all due respect, Postman? That's one of the most ignorant posts anyone will make on this board today! Unemployment in the US was up not because of Trump policy...it was up because individual State Governors had imposed lock downs on private businesses not deemed "critical"!

You mean the virus that Trump told the American people would be over in 2 weeks.

This left the states with a false impression and unprepared...

In fairness, Trump might have been worried that people discovered he pulled the Chinese pandemic team.

Conversely those 14 million didn't go back to work because of job creation by the Biden Administration (although god knows he loves to take credit for it!) it was simply the lock downs ending and people returning to jobs they held before!

Yet Trump took plenty of credit for the Obama economy... Seem you can give but not take...

The end of the day Trump took a good economy, borrowed more money. Gave tax cuts while cutting resources in areas like pandemic teams..
1.3m died but Rich people got their tax cuts..

So did you want to explain to us how having to pay an extra $40,000 out of pocket has made people "better off"? Biden's misguided fiscal policy caused rampant inflation and that inflation has drained people's bank accounts and forced them to run up record amounts of credit card debt!

Trump's inflation rate was higher than Obama..

U.S. Inflation Rate by President: From Eisenhower to Biden

Here are the average year-over-year inflation rates by president, and the events and economic conditions that contributed to them.

www.investopedia.com

But again... The Inflation at the time was a Global Inflation rate... Are fucking dumb or something...
38% (by World Bank) of this Global Inflation was cause by a increase in Oil Prices...

Who got the Oil Supply cut globally in April 2020 to take effect in US the month after the new President started...

Trump took a shit on the White House desk and the US people on leaving..

 

[Man With A Plan]

So four years ago, Trump policy or not. stores were closed, businesses closed, restaurants closed. Cruise ships closed, schools closed.

And now you refuse to admit we're better off than four years ago?

Interesting concept. You want to claim that we're better off because we're not in the midst of a global pandemic and because of THAT we should vote for someone who was part of the Administration who's policies have cost the average American over $40,000 out of pocket, put home ownership completely out of reach for the Middle Class, flooded the country with tens of millions of unvetted illegal immigrants while at the same time letting in violent gang members, people on the terror watch list and so much Fentanyl that we're losing more Americans to drug overdoses in a calendar year than we lost in the entire Vietnam War?

That's not even talking about the hundreds of thousands that have died needlessly because Biden/Harris foreign policy decisions enriched Putin and the Mullahs in Iran allowing them the funds to conduct war and terror!

 

[postman]

The Impact of Covid-19 on the US Food System | Western Extension Risk Management Education Center | Washington State University

Kynda Curtis, Professor, Department of Applied Economics, Utah State UniversityThe food system in the United States is a complex grid of farms, processors, shippers, packers, millers, and final retail grocery and food service outlets, such…

westrme.wsu.edu

Why did we experience food shortages at the grocery store?

The increased spending at the grocery store resulted from stay-at-home mandates and school closures. Americans were no longer eating at school or work, nor meeting colleagues and customers for lunch or celebrating family events with special restaurant dinners. Many restaurants were closed or only providing limited curbside pick-up meal services. Additionally, food shortages led to increased grocery store pricing. Grocery pricing nationwide increased by 4.6% from July 2019 to July 2020 (USDA ERS, 2020).

Four years ago

 

[Luckyone]

I can't understand why econmists have not explained how Trump caused global inflation the last time.

High Gas Prices Are Donald Trump's Fault

According to Trump, he worked out a deal where OPEC producers would all agree to reduce their output.

cepr.net

I a surprised that you have not done research on this.

One of the big reasons why inflation did not happen when Trump took office is that his tax cuts did generate a lot of economic growth that did keep inflation down. Unfortunately, that is not something he can do again given that taxes have not gone up for the rich since he did cut them. One thing that should be mentioned is that tax cuts are "short-term" beneficiary but long term damaging. Nonetheless, it did help him to keep inflation down.

In addition, several things that he promised to do that would cause inflation to occur, he did not do them, such as:

One of the main policies cited by those voicing this concern was Trump’s proposal to spend $1.5 trillion on infrastructure projects over a 10-year period. However, given the legislative gridlock in Washington, and a total lack of proposals from the administration, such policies were never enacted. The infrastructure package was needed by the country and it was done under Biden and did cause inflation to occur but the benefits of that outweigh the negatives.

Speculation over potential inflation was also driven by Trump’s campaign promise that he would reduce or even eliminate the U.S. national debt, which was just below $20 trillion prior to Trump’s election. This led to speculation that the Trump Administration might seek to “inflate away” the national debt or impose aggressive cost-cutting measures to reduce the deficit. However, in the years following Trump’s election, deficits have increased considerably, with the national debt growing accordingly.

Trump has promised many things if he wins in 2024 and if he is able to institute them, it will cause inflation to soar. If he is unable to institute them, inflation might not soar but then again, it would mean that he failed to do his promises (such as getting rid of illegal immigrants). It is a losing position for Trumpers either way.

 

[Harpy Eagle]

Has inflation hurt your lifestyle?​

Nope

 

[postman]

Interesting concept. You want to claim that we're better off because we're not in the midst of a global pandemic ...

That's what i'm saying.

We're better off than we were four years ago.

And that's just the truth.

 

[Luckyone]

Nope

Explain

 

[Harpy Eagle]

Explain

The increase in my wife an my salary since 2020 has been more than enough that inflation did not change a thing in our lives.

Also, in 2022 we had a house built which lowered my housing cost as well as utility cost.

Trump's tariffs could change all that though.

 

[Luckyone]

If trump wins china in cooperation with bill gates, obama and george soros might unleash another virus on the world

I would include Dr Fauci but I think he’s retired

Another conspiracy theory?

Gawd almighty, you certainly give more credit to Democrats than they have earned. On one hand you say that they can't get anything done and therefore should not be voted in and on the other hand you say that they are so competent as they can get all of these conspiracies done.

What is the end result? Democrats are competent or incompetent? They cannot be both.

 

[Luckyone]

The increase in my wife an my salary since 2020 has been more than enough that inflation did not change a thing in our lives.

Also, in 2022 we had a house built which lowered my housing cost as well as utility cost.

Trump's tariffs could change all that though.

So YOU are better off with Biden than with Trump, right?

 

[braalian]

In other words if Trump wins they plan to blow up the economy and blame it on him.


Besides, I thought inflation was transitory?

So if Trump loses and there’s an economic downturn, it’s because he wasn’t there to save the day

And if he wins and there’s a downturn, it’s because of a conspiracy to frame him for it

Covering all your bases?

 

[Man With A Plan]

The Impact of Covid-19 on the US Food System | Western Extension Risk Management Education Center | Washington State University

Kynda Curtis, Professor, Department of Applied Economics, Utah State UniversityThe food system in the United States is a complex grid of farms, processors, shippers, packers, millers, and final retail grocery and food service outlets, such…

westrme.wsu.edu

Why did we experience food shortages at the grocery store?

The increased spending at the grocery store resulted from stay-at-home mandates and school closures. Americans were no longer eating at school or work, nor meeting colleagues and customers for lunch or celebrating family events with special restaurant dinners. Many restaurants were closed or only providing limited curbside pick-up meal services. Additionally, food shortages led to increased grocery store pricing. Grocery pricing nationwide increased by 4.6% from July 2019 to July 2020 (USDA ERS, 2020).

Four years ago

The real shortages occurred because of supply chain issues. There was pent up demand because of Covid but suppliers lacked the people to produce and more importantly deliver product. When you have more money chasing fewer goods then you're going to get inflation. That's basic Economic theory. Larry Summers was warning the Biden Administration that doing two massive government stimulus bills as the country was coming out of the lock downs was going to run the risk of being highly inflationary but Biden chose to ignore those warnings.

 

[Man With A Plan]

So if Trump loses and there’s an economic downturn, it’s because he wasn’t there to save the day

And if he wins and there’s a downturn, it’s because of a conspiracy to frame him for it

Covering all your bases?

With all due respect, Braalian? Judge the candidates on what they've DONE! Trump's policies worked. The policies of the Biden/Harris administration have NOT. It's not complicated.

 

[Nostra]

That's what i'm saying.

We're better off than we were four years ago.

And that's just the truth.

Over 70% of America disagrees with you, Simp.