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Core Inflation Falls To Lowest Rate In Four Years

ALiberalModerate said:
Wait a second. In your view, Trump’s 3.8 trillion in Covid stimulus had nothing to do with post pandemic inflation, it was all Biden’s 2 trillion?

How do rabid partisans believe such nonsense? Perhaps they are both to blame. Or perhaps we would have had it anyway since the whole developed world had high inflation.
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Did I say it was all Biden?
Huh, did I say that?
 
rahl said:
It’s so funny when you pretend you aren’t a trumper 😂
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Nah. I'm not a Trumper like you. You are very much mistaken. I've posted about how he should have been removed from office and barred from being elected again.

Data and science have a progressive bias; it's much better to debate with those than your typical MAGA "Nuh uh."
rahl said:
The economy boomed under Biden for every American. More so than any president this century. I love how much this pisses you trumpers off
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Biden just liked rich people and hated poor people. His economy reflected that pretty succinctly.

I know that makes you Trumpers happy.
 
dairyair said:
LOL. presidents don't control the wages of private corporations.
Why did that have to be stated?
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Of course not.

Their policies and spending simply effect the economy in predictable ways, raising inflation and reducing wages, or vice versa.

Biden chose policies that did the former.
 
Metric Mouse said:
Nah. I'm not a Trumper like you. You are very much mistaken. I've posted about how he should have been removed from office and barred from being elected again.
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It’s so funny when you troll and act like you aren’t a trumper.
Metric Mouse said:
Data and science have a progressive bias; it's much better to debate with those than your typical MAGA "Nuh uh."

Biden just liked rich people and hated poor people. His economy reflected that pretty succinctly.

I know that makes you Trumpers happy.
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The economy boomed under Biden for every American. More so than any president this century. I love how much this pisses you trumpers off
 
rahl said:
The economy boomed under Biden for every American. More so than any president this century. I love how much this pisses you trumpers off
Click to expand...
Biden just liked rich people and hated poor people. His economy reflected that pretty succinctly.

I know that makes you Trumpers happy.
 
eohrnberger said:
Apparently you have reading comprehension issues.


Yep, this now a certainty.

In neither case what you have posted is remotely similar to what I've posted. Go figure.


As you so clearly are showing with your post.
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You don't know a partisan hack, one can't see the forest through the trees.

And I have no reading comprehension issues. Ever hear of the term bidenflation?
 
Metric Mouse said:
Of course not.

Their policies and spending simply effect the economy in predictable ways, raising inflation and reducing wages, or vice versa.

Biden chose policies that did the former.
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LOL. You made that up.

But you can certainly publish all those policies.
 
Metric Mouse said:
www.reuters.com

Biden signs bill to block U.S. railroad strike

President Joe Biden signed legislation Friday to block a national U.S. railroad strike that could have devastated the American economy.
www.reuters.com www.reuters.com

Weird how you didn't know this...
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That didn't force anyone to go to work. Just told them they can NOT strike. Was the strike about going to work during covid? Did covid have any part of the possible railroad strike? If not, why the strawman?

Weird you didn't know this.
And he didn't make walmart workers go back to work. He didn't make amazon workers go back to work.
 
Metric Mouse said:
Biden just liked rich people and hated poor people. His economy reflected that pretty succinctly.

I know that makes you Trumpers happy.
Click to expand...
rahl said:
The economy boomed under Biden for every American. More so than any president this century. I love how much this pisses you trumpers off
Click to expand...
Sorry
 
eohrnberger said:
When you assert something which hasn't been posted, it certainly and rightfully calls your reading comprehension into question.


Non sequitur. Your facts are uncoordinated.
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Confirmed. Get out of the trees.
Your eyes will be opened.

So, since you didn't address it, you never heard of bidenflation? MAGA was all over it while he was president. They didn't understand the inflation was a result of covid. All that free money to people staying home. No products being made because people were staying home.
And then all that free money was available after covid and a shortage of products to go around. Guess what happens when too much money chases too little product?
 
dairyair said:
Confirmed. Get out of the trees.
Your eyes will be opened.

So, since you didn't address it, you never heard of bidenflation?
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Actually, I sort of did in this post (and back to the real point and topic):
eohrnberger said:
Yes, COVID had 'played an enormous part' in the inflation during Biden's term. Biden's, and the Dem's - who controlled all three houses in DC, threw the stupid spending fuel on that inflation fire. It is this the complaint, one which you appear to be skipping.


Interesting that you include COVID impact in Biden's term, and yet wish to ignore the COVID impact in Trump's terms.
Don't you think that it should be either included in both, or ignored in both? All things being fair and honest?
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My point wasn't specifically about inflation about either term, it was that the COVID impact (inflation being one of them) is typically ignored for one, and not the other, and that this was inconsistent.

dairyair said:
MAGA was all over it while he was president. They didn't understand the inflation was a result of covid. All that free money to people staying home. No products being made because people were staying home.
And then all that free money was available after covid and a shortage of products to go around.
Click to expand...

dairyair said:
Guess what happens when too much money chases too little product?
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The same thing as what happens when Biden and the Dems, who controlled both houses of congress, go on a while wild spending spree to support every left-wing cause they could find - namely inflation, by point being that it was this spending spree which threw gas on the already burning inflation fire, giving the nation the highest inflation we've seen in like 40 years.
 
eohrnberger said:
Actually, I sort of did in this post (and back to the real point and topic):

My point wasn't specifically about inflation about either term, it was that the COVID impact (inflation being one of them) is typically ignored for one, and not the other, and that this was inconsistent.




The same thing as what happens when Biden and the Dems, who controlled both houses of congress, go on a while wild spending spree to support every left-wing cause they could find - namely inflation, by point being that it was this spending spree which threw gas on the already burning inflation fire, giving the nation the highest inflation we've seen in like 40 years.
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I see you couldn't resist the partisanship.
trump spent more last term than biden did.

And you still blame inflation on biden. LOL.
Stop being partisan and be for the country.

...
1749139637484.webp

Former President Trump ran up the national debt by about twice as much as President Biden, according to a new analysis of their fiscal track records.
 
dairyair said:
I see you couldn't resist the partisanship.
trump spent more last term than biden did.

And you still blame inflation on biden. LOL.
Stop being partisan and be for the country.

...
View attachment 67572987

Former President Trump ran up the national debt by about twice as much as President Biden, according to a new analysis of their fiscal track records.
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Now do inflation rates in those two terms.

It actually does support my position that the COVID relief was overly generous, and also, that the additional spending spree early in Biden's term did pour gas on the inflation fire, that without that spending, inflation wouldn't have reached those record levels.

So who's being partisan here? You.
 
dairyair said:
Confirmed. Get out of the trees.
Your eyes will be opened.

So, since you didn't address it, you never heard of bidenflation? MAGA was all over it while he was president. They didn't understand the inflation was a result of covid. All that free money to people staying home. No products being made because people were staying home.
And then all that free money was available after covid and a shortage of products to go around. Guess what happens when too much money chases too little product?
Click to expand...


Covid had little to do with inflation. It was government stimulus making consumers flush with money at a time of severe supply chain constraints. You had lower wage Americans who had been making minimum wage all of a sudden getting monthly checks in some instances for $6,000 - $7,000. Some saved the free money, many others went on buying sprees. And who could blame them. A once in a lifetime mini lottery from the government.

The level of stimulus and emergency money was reckless and short sighted and the main reason we had inflation jump as high as we did. The backed up western US ports, namely LA and Long Beach also played a significant role.
 
dairyair said:
I see you couldn't resist the partisanship.
trump spent more last term than biden did.

And you still blame inflation on biden. LOL.
Stop being partisan and be for the country.

...
View attachment 67572987

Former President Trump ran up the national debt by about twice as much as President Biden, according to a new analysis of their fiscal track records.
Click to expand...


Nonsense.

Source: House Budget Committee

FACT CHECK ALERT 🚨Debunking CRFB’s Analysis of Trump and Biden Impacts on the National Debt WASHINGTON, D.C.

– This week, the Committee for a ResponsibleFederal Budget (CRFB) released a report entitled, “Trump and Biden: TheNational Debt.”The CRFB’s report attempts to compare the fiscal impact of the policies of thecurrent Administration with the policies of the previous Administration, yet fails to accurately capture the total cost incurred by both presidencies.The CFRB’s report;

• Ignores the track record of increasing revenues following passage of TCJA;
• Omits the full cost of legislative actions per CBO data;
• Fails to account for inflation-induced interest rate hikes increasingprojected net interest costs by $4.8 trillion over ten years underPresident Biden; and
• Undercounts the costs of President Biden’s executive actions by more than $800 billion.

The CRFB states the Biden Administration increased the federal deficit by just $4.3 trillion. In reality, the Biden Administration has increased the federal deficit by $11.6 trillion dollars throughout the last three years and six months,including:

• $4.8 trillion in enacted legislation;
• $4.8 trillion in higher interest costs; and,
• $2 trillion by executive actions.

 
dairyair said:
LOL. You made that up.

But you can certainly publish all those policies.
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The results speak for themselves.

Unless you argue that a president can do nothing to affect the economy? Is that your argument?
 
Interesting since costs are still super high and none of the metrics Trumps claims are actually true. The book cooking to make this happen must be extraordinary.
 
TangoNoCash said:
Interesting since costs are still super high and none of the metrics Trumps claims are actually true. The book cooking to make this happen must be extraordinary.
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Right? Literally the only things that have gone down is inflation, gas and eggs.
 
Metric Mouse said:
Right? Literally the only things that have gone down is inflation, gas and eggs.
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And none of those are at the prices Trump claims. Why would anyone defend that lol?
 
TangoNoCash said:
And none of those are at the prices Trump claims. Why would anyone defend that lol?
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Who is defending this?

Most people are celebrating the lower prices and reduced inflation... no one has said Trump keeps his stupid promises.

Because he doesn't.
 
eohrnberger said:
Now do inflation rates in those two terms.

It actually does support my position that the COVID relief was overly generous, and also, that the additional spending spree early in Biden's term did pour gas on the inflation fire, that without that spending, inflation wouldn't have reached those record levels.

So who's being partisan here? You.
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No. It doesn't support that at all.
What policy(s) increased inflation? Remember, trump spent more covid money than biden. In fact, part of biden covid money was to get trumps free money to the public.

Inflation was going to happen. Period. It occurred all over the world.
You, you are being partisan.
Still trying to blame it all on biden.

You've not supported your claims.
 
dobieg said:
Covid had little to do with inflation. It was government stimulus making consumers flush with money at a time of severe supply chain constraints. You had lower wage Americans who had been making minimum wage all of a sudden getting monthly checks in some instances for $6,000 - $7,000. Some saved the free money, many others went on buying sprees. And who could blame them. A once in a lifetime mini lottery from the government.

The level of stimulus and emergency money was reckless and short sighted and the main reason we had inflation jump as high as we did. The backed up western US ports, namely LA and Long Beach also played a significant role.
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That's what I said.
Free money to sit home. But it was that or people losing homes, not having enough money for food, etc.
Did they go overboard, yes, they did.

All those reasons were a result of covid. Without that money, things likely would have been far worse. A depression perhaps.
 
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