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Core Inflation Falls To Lowest Rate In Four Years

Try another pathetic excuse. Any economist you care to mention will confirm that both Obama and Biden handed Trump healthy, burgeoning economies and sustained job growth. And of course Trump, being the lying narcissist that he is, claimed credit for both.
 

That (bolded above) isn’t going to happen. 2019 federal spending was 21% of GDP (revenue was 16.3% of GDP resulting in deficit of 4.9% of GDP) and 2024 federal spending was 23.4% of GDP (revenue was 17.1% of GDP resulting in a deficit of 6.3% of GDP). As we can see, (annual) federal spending is rising faster than federal revenue, thus the federal deficit is growing.
 
snakestretcher said:
I didn't; Trump did.
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Bullshit. We're discussing your dishonest post below, regardless of your efforts to switch the goalpost to one of Trump's many falsehoods.

Why are you making completely dishonest posts, as shown below, while also claiming to be up in arms about Trump making false claims?

snakestretcher said:
Meanwhile the cost of eggs (Trump's favourite metric), has risen 49% and, contrary to Trump's lies, gas (petrol) prices are increasing, averaging $3.30.
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Ok, I was mistaken. What should I do, go to confession? Shoot myself? Get a grip mate. What I'm not mistaken about is Trump's lie about petrol costs. You saw the video, you heard him. "$1.98".
 
snakestretcher said:
Try another pathetic excuse.
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Excuse? An explanation of how things have gone is not an "excuse." What exactly have you deluded yourself into thinking that I'm excusing as I'm sitting here posting about the reckless spending of both parties over the past 25 years being a serious problem that's ****ed us over?

Perhaps you should read the content of posts before hastily firing off rageposts that don't have anything to do with what I've actually said.
 
snakestretcher said:
Good, so you admit Trump lied.
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snakestretcher said:
Trump claimed gas is at "$1.98". With no evidence, naturally.


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This is how we know you don't read posts before responding to them. I clearly acknowledged what Trump said was a lie like 30 minutes ago in multiple posts.

snakestretcher said:
That's a start. What else did he lie to you about; how he's making America great again?
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Me? I didn't vote for Trump. I'm anti-GOP and anti-Democratic Party. Parties are cults.

snakestretcher said:
How's that working out, so far?
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About as well as every other Democratic and Republican administration over the past 25 years. Which is the same thing I've been saying throughout the thread. Try reading and processing what's been written instead of trying to provoke arguments you're predetermined to have by any means necessary.
 

I see that you went back and edited your post AFTER I responded to the earlier version of it.

Obama and Biden didn't create healthy, burgeoning economies. The economic growth under W. Bush, Obama, and Trump (1st term) were virtually the same. In fact, W. Bush edged out both Obama and Trump by 0.1% of GDP growth, and that's after the economic crash and GDP regression of 2007-2008.

These are basic facts of economic growth, regardless of what some whackjob tries to manipulate others into thinking. It's very simple--how much did the GDP/economy grow under each president's watch? Everyone is pretty much the same between Bush, Obama, Trump, and Biden. Slow growth and meandering economies. That's been the consistent story of the last 25 years.

Hell, even Eisenhower, Nixon, and CARTER! had more economic growth than Bush, Obama, and Trump in his first term. It would be the same for Biden without that V-shaped recovery as well.

These are not good numbers, period. Economists who like to sell you a story because they get paid by clicks can't explain away the basic data of GDP growth or lack thereof.

 
Really? So how you account for Trump's failure after being gifted a burgeoning economy by Obama? Trump said that his economy was the best in US history. The facts say otherwise:

Is US economy better now than under Trump?

BBC Verify looks at jobs, inflation, stocks and other indicators to compare the Trump and Biden economies.
www.bbc.co.uk
 
Obama inherited the consequences of a Republican recession and gifted Trump a healthy one. Biden had to deal with the fallout from the Covid pandemic before the economy improved. Those are undeniable facts.
 
snakestretcher said:
Pretty much everything is increasing in price.
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Eggs and gas are lower...

What did you want to be lower?

But we were always paying more since Biden's 25% tariff on steel... and have been for years.

Like, we hated Biden for that, but now will people even notice?

Especially since inflation is falling. It's not like we have the price increases that the UK is dealing with.
 
That was Trump's tariff, inherited by Biden. In case you forgot. This is why costs are increasing in Britain; the Conservative's Brexit stunt failure:

Brexit has cost the UK up to 30% of International Trade

Introduction to Brexit’s Impact Brexit, the United Kingdom’s decision to […]
commerce.newable.co.uk

Never trust a Conservative/Republican with your economy.

The Historical Puzzle of US Economic Performance under Democrats vs. Republicans

We have heard much about the puzzle that US economic performance under President Joe Biden has been much stronger than voters perceive it to be. But the current episode is just one instance of a bigger historical puzzle: the US economy has since World War II consistently done better under...
www.belfercenter.org
 
ttwtt78640 said:
That (bolded above) isn’t going to happen.
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Yeah, I know. (He said in a disappointed voice)

As we can also see, it is a spending problem, and not a revenue problem, well, at least those of us who don't have partisan blinders on.
 
I find myself agreeing with @Hello My Son.
 
eohrnberger said:
Yeah, I know. (He said in a disappointed voice)


As we can also see, it is a spending problem, and not a revenue problem, well, at least those of us who don't have partisan blinders on.
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OK, but why does Trump’s (desired) OBBB increase spending and lower revenue?
 

It wasn't a "burgeoning economy" under Obama any more than it was "burgeoning" under Bush, Trump, or Biden

Miniscule GDP growth over 8 years, especially in a so-called "recovery" period, is not a "burgeoning economy." But you already knew that and are just trying to carry water for one of the two failing parties.
 
snakestretcher said:
Obama inherited the consequences of a Republican recession
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Obama inherited an opportunity for a major growth economy and blew it with dumbass Keynesian policies that put unnecessary economic weights on the pace of business growth. He also suppressed the growth further by not only continuing, but DOUBLING DOWN AND EXPANDING upon Bush's dumbass warhawk policies and defense spending, PATRIOT Act nonsense, and the never-ending waste of life by sending soldiers into harm's way for causes that never made any sense outside of getting bin Laden.

snakestretcher said:
and gifted Trump a healthy one.
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The economy was not healthy. Obama added 55% to the national debt while only growing GDP by 2.3% in eight years. That's not remotely close to a healthy economy. It was, and remains to be, a house of cards sitting on a pile of worthless scrap that is entirely dependent upon the world having "faith" in it. It's nonsensical to claim that the economy was or is strong.

snakestretcher said:
Biden had to deal with the fallout from the Covid pandemic before the economy improved. Those are undeniable facts.
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The markets bounced back in 6 months after lockdowns started and GDP recovery in 2021 doubled what was lost in 2020. None of that was due to Biden's policies given that it was at the very beginning of his presidency. It was simply a continuation of what would've likely occurred without covid disrupting the economy and markets.

GDP growth was completely sluggish after that while inflation ran wild because Biden wasn't coherent enough to wipe his own ass, let alone dictate intelligent economic policy.

Out of Bush, Obama, Trump, and Biden, only Bush truly inherited a strong economy, and he obviously blew that with his militaristic expansionist bullshit, much of which was completely enabled by Democrats by and large between 2001 and 2004 before support started to wane.
 
eohrnberger said:
I dunno, but I am less than enthused about that bill.
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The problem is trying to convince congress critters to stop their continuous annual deficit (stimulus?) spending, since that results in re-election rates of over 90%.
 
Hello My Son said:
Me? I didn't vote for Trump. I'm anti-GOP and anti-Democratic Party. Parties are cults.
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The government of America is made up of the GOP and the Democratic Party. So how about America? Are you anti-America, too?
 
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