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From the economic frying pan and into the fire? (2 Viewers)

OrphanSlug said:
The moment you become more honest about this will be the moment people take you more seriously.

The inflation spike after coming out of the covid lockdowns was in part because of fiscal policy but the bigger factor was supply-side purposeful feathering their response to the new demand levels from the post pandemic lockdowns. Demand pulled supply, larger corporations raked in large profits, and this is an econ 101 textbook example of what causes inflation spikes. Supply lagged. If there was a mistake by Democrats at the time it was releasing funding, that amplified demand, that was chasing supply that purposefully was not there. What Biden and Democrats did was unwise, but not intentional.

Trump purposefully engaged in a multi-direction trade dispute with just about every trading partner we have, nearly all at the same time, forcing investors to not just hit the markets with a larger than correction selloff but also Trump's actions triggered a global sell off of US treasuries brining the US Dollar valuation to fresh multi-year lows. Trump and MAGAs, as opposed to Biden and Democrats, were entirely purposeful in forcing these recent events further alienating us from allies and allowing dubious characters to gain advantage globally.

This is bigger than some social meme level concept like "respect business and... markets," it is about dealing with economic and world market realities. Things you clearly know little about.
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Sorry, no, I don't accept the premise that multiple, massive, and misdirected Fed stimulus bills had no meaning impact on inflation. If you're going to stick to that then there's no reason to take your commentary seriously.
 
iliveonramen said:
"Biden gave us"....

Inflation was a global phenomenon. The US fared better than everyone else in the world. In fact, Powell and the Biden admin actually performed the "soft landing" they promised. A strong economy after getting inflation in control.

These tariffs, the market impact, and the coming recession are all Trumps doing and there's zero doubt about that.
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See post 103.
 
noonereal said:
Why are you posting this false narrative?

It is infuriating.

He got us out of COVID-19 induced world inflation better than any country on the globle left us by far the economic healthiest.
We distanced ourselves from all advanced countries during his time due to his policies.

Good God, know what you post and stop posting ridiculous talking points.
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I think you find it infuriating because, deep down, you know it's not false.
 
WillyPete said:
We have to give him credit...

...for trying and failing to "fix" an economy that was running fine...

...because the last several POTUSI knew better than to do that stupid ****...

...for reasons you acknowledge are valid.

No, I don't give him credit for that.

If you think Biden's policy do deal with our economy during COVID inflation left a lasting impact, just wait and see what Trump's completely optional trade wars and offending our closest allies does.
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Of course the economy is running fine. Who care about debt? That's the problem of future generations Americans. Sadly that's the mentality of 90% of Americans.
 
NatMorton said:
Sorry, no, I don't accept the premise that multiple, massive, and misdirected Fed stimulus bills had no meaning impact on inflation. If you're going to stick to that then there's no reason to take your commentary seriously.
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I did not say no impact, I said multiple things happened. Try to keep up.
 
NatMorton said:
Partisan gibberish.
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You're stuck in a self-induced never-ending circle of rationalization and denial.

This must really eat at you. You just can't accept the fact that covid inflation wasn't caused by Joe Biden. Must be the 5th or 6th thread by you.

Biden didn't cause inflation. That's a lie. A lie you just can't stop telling.
 
dmpi said:
Of course the economy is running fine. Who care about debt? That's the problem of future generations Americans. Sadly that's the mentality of 90% of Americans.
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Economists argue, and I claim no expertise, but you are talking about a long term problem, no threat of default, and even you acknowledge Trump is biting off more than he can chew today.

It's going to continue to go badly, and it's going to be your man's fault.

He was the only one "brave" enough to do something this incredibly stupid.
 
"Do you acknowledge that Biden did not cause global inflation?"
NatMorton said:
I assert he made inflation in the US far worse than it needed to be.
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Do you acknowledge that Biden did not cause global inflation?

The false premise you started with was that Biden "gave us" global inflation that was clearly the result of the pandemic.
Now you backpedal and say that he "botched" the recovery.
See the chart I just posted.
Our economy WAS the envy of the world.
Recall that when Biden took office economists everywhere were saying that a soft landing would be very difficult if not impossible.

.
 
Michael Cole said:
You're stuck in a self-induced never-ending circle of rationalization and denial.

This must really eat at you. You just can't accept the fact that covid inflation wasn't caused by Joe Biden. Must be the 5th or 6th thread by you.

Biden didn't cause inflation. That's a lie. A lie you just can't stop telling.
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Your opinions on this matter are, IMO, partisan nonsense. I'll leave it there.
 
NatMorton said:
If your first impulse is to shut down conversation then perhaps you should rethink your role as a forum moderator.
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Thanks for sharing your opinion.
 
NatMorton said:
Yes, with the worst inflationary cycle we've seen in nearly half a century, Biden botched the recovery. Trump has nothing to do with that assertion.
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Well then I have to say I will take a botched recovery any day.
 
NatMorton said:
Your opinions on this matter are, IMO, partisan nonsense.
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Except I've given studies, not my opinion. The only one riding on his opinion is you.

👇👇
NatMorton said:
I assert he made inflation in the US far worse than it needed to be.
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NatMorton said:
I'll leave it there.
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You have to because you have no reply. You have no reply because you're wrong. Your biased need to blame Joe Biden for inflation is epic. You start a thread on this falsehood at least once a month.

Tell me Dr., since we experienced two quarters of negative GDP growth with the stimulus, what would have occurred without it? Ever think of that?

My advice would be to accept reality and get over it. Why you have a need to twist reality in order to blame Joe Biden is beyond comprehension.
 
More for "into the fire" economics, courtesy of the most incompetent president in history!





 
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