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Core Inflation Falls To Lowest Rate In Four Years

ClaraD said:
Care to explain why Trump needs to add 3.8 trillion more while slashing our programs and infrastructure by about 90%?
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Care to explain why you’re straw manning with this post when I never made a single statement of support for Trump increasing the debt?

On the contrary, I’ve clearly said multiple times—IN POSTS THAT YOU’VE RESPONDED TO—that Bush, Obama, Trump, and Biden all spent recklessly.

Perhaps you could explain why you think it’s so great when a Democrat signs budgets into law that explode our debt while pretending like it’s deeply concerning when Republican presidents do the same thing.
 
Why can’t you explain it? Why does he need to add 3.8 trillion if he is defunding FEMA, Medicare and Medicaid? EBT the DoE the CDC etc
 
Hello My Son said:
They own the budgets they voluntarily signed into law. They could’ve vetoed if they disapproved, but they didn’t.
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If Trump approved of the amount Congress appropriated for the Southern border wall by signing the Consolidated Appropriations Act, 2019 (H.J.Res.31) into law, why did he shortly thereafter declare an emergency and divert military funds allocated for other uses to pay for Southern border wall construction?
 
mike2810 said:
true.
and it has nothing to do with Trump's "drill, baby, drill".
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For sure.

He actually lowered oil production his last term.

Hopefully he does the same this term. ****ing Biden supported record oil production, pumping and burning more planet killing oil than any president in history.

We need to backtrack on his policies asap.
 
ClaraD said:
Why can’t you explain it? Why does he need to add 3.8 trillion if he is defunding FEMA, Medicare and Medicaid? EBT the DoE the CDC etc
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Explain something I haven’t ever argued in favor of?

That’s an extremely bizarre demand for you to make.

Of course I’m not going to argue in favor of a position that I’ve never supported. I’ve literally criticized reckless spending by both parties throughout all my posts in this thread.

Since you completed avoided it before—Perhaps you could explain why you think it’s so great when a Democrat signs budgets into law that explode our debt while pretending like it’s deeply concerning when Republican presidents do the same thing.
 

Because like every other modern president, he was spending recklessly. I can’t speak to his thinking, but in effect that’s what he and the other presidents I mentioned have all done.
 
iguanaman said:
One word...Stagflation. That is what economists are predicting due to price increases and shortages from the tariffs combined with low consumer confidence that will depress spending.
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But consumer confidence is increasing, inflation is decreasing, wages are increasing...

What?
 
rahl said:
Why do you trumpers post things you know aren’t true?
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Trump is a loser who shouldn't be president.

But that doesn't change the fact that Biden made things worse for poor people, better for rich people, and inherited a growing economy that had lots of room to expand.
 
rahl said:
The economy, for everyone, absolutely boomed during Biden’s presidency. More so than any other president this century.
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Not for poor people.

You're telling 2x as many hungry children, and record percentages of families needing food stamps, and all the people that can't afford housing... that they should like the economy that led them to this?

Really?

Billionaires benefited from Biden's economy. Poor people did worse. GDP didn't go to poor people; it went to rich assholes.
 
Metric Mouse said:
Consistently rose, you mean. It was higher when he left office than when he entered, and never dipped down to the average of the administrations before him.
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Well, if one ignores how low inflation was during the pandemic because of the pandemic, sure.
 
ElChupacabra said:
Well, if one ignores how low inflation was during the pandemic because of the pandemic, sure.
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Biden was president during the pandemic...

Like, what are you talking about...
 
Metric Mouse said:
Trump is a loser who shouldn't be president.

But that doesn't change the fact that Biden made things worse for poor people, better for rich people, and inherited a growing economy that had lots of room to expand.
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People create their false binary along partisan politics. With those blinders on, they can't even admit when each party's president doing the same exact thing, even with something as obvious as fiscal horse shoe politics.

One POTUS comes in and signs off on adding $8 trillion to the debt, and it's a wonderful thing because they're in the "good party," but the next guy comes in and signs off on adding $8 trillion to the debt, and the world is going to end because they're in the "bad party."

It's beyond ****ing silly.
 
Metric Mouse said:
But consumer confidence is increasing, inflation is decreasing, wages are increasing...

What?
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Unemployment is increasing and the layoffs are just getting started. Despite claiming he was against it, Trump is keeping the particulars of the sale of U.S. Steel to Nippon secret from the unions and Steel workers because Nippon is planning on laying off workers and closing outdated 100 year old mills here. Blast furnaces are old Tech and more efficient and cleaner Arc furnaces are taking their place. Trump knows this but the fraudster can't change his spots.
 
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iguanaman said:
Unemployment is increasing
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It's down since August of 2024... what are you talking about?

iguanaman said:
Trump despite claiming he was against it is keeping the particulars of the sale of U.S. Steel to Nippon secret from the unions and Steel workers because Nippon is planning on laying off workers.
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Did Trump approve the sale? I had heard he was against it.

Do you have a link? The unions were begging Biden and then Trump to approve the sale - Trump caving to Unions and supporting their interests when Biden wouldn't would be huge.

I thought the deal was dead, so I had no idea the sale went through.
 
Biden rejected the sale and Trump said he was against it too. Unions were also against it. Today he held a rally in Pittsburgh with the steel workers bragging about the sale and lying about to their faces. We do not know what the deal is and that is a good indicator that it is not going to be good for steel workers. Suffice it to say that Nippon is not paying USS executives $14 billion for nothing.

Trump hails US Steel-Nippon deal, says steelmaker will be 'controlled by the USA' -- but offers few details​


https://abcnews.go.com/Politics/tru...-steel-nippon-steel-merger/story?id=122343217
 
Thanks for the link.

I hadn't heard the unions had made Trump cave so hard.

Will be good for the American steel workers who won't be laid off because the plant will remain open. Might be bad for other reasons. I'll have to read up.
 
Metric Mouse said:
Thanks for the link.

I hadn't heard the unions had made Trump cave so hard.

Will be good for the American steel workers who won't be laid off because the plant will remain open. Might be bad for other reasons. I'll have to read up.
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We don't know because Trump does not want you to know. Think about that for a minute. His 50% tariff on imported steel will cripple 100's of businesses who export American products made from steel. He has just made America uncompetitive in all steel products.
 
How?

These Biden era tariffs Trump is expanding raise prices on IMPORTED steel, not exported steel.

I think you might be confused on how tariffs work...
 
Metric Mouse said:
That's what's so great - inflation has fallen lower and lower, and is now below any point in Biden's entire term.

Whatever the cause, I think everyone knows this is good news.
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I'm not a pessimist by nature, and I'd hate to piss on your cornflakes, but Trump's tariffs haven't impacted yet.
 
Metric Mouse said:
How?

These Biden era tariffs Trump is expanding raise prices on IMPORTED steel, not exported steel.

I think you might be confused on how tariffs work...
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Right, so those businesses which have up until now benefited from less expensive imported steel are now seeing their material costs increase by 50%. So much winning! Will you be celebrating when those costs are passed onto you?
 
Chomsky said:
With negative GDP, falling consumerism, and slowing price growth, it could be we are entering a recession.

We will know after this quarter's GDP tally.

But that's what tariffs do. The retard trade, slowing economic activity.
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The history of tariff failure should have educated Trump, but you'll be surprised to learn that he knows more about anything you care to mention than anyone else in the history of knowing about things.
 
Trump claimed gas is at "$1.98". With no evidence, naturally.


 
eohrnberger said:
Further, look at the lefties trying to claim that it was Biden's policies which has brought down inflation, when it has already been established that Biden's spending explosion threw gas on inflation beyond what COVID and its supply chain had caused.
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Biden handed Trump a healthy, growing economy, low inflation and sustained job growth. Trump, as usual, is doing his best to undo all that, just as he did with Obama's economy-rescued from a Republican recession, and gifted to the fiscal genius to ruin.
 
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