GOP mulls retooling message as inflation rate plummets

[ClaraD]

This is incredibly wrong.

The PPP loans, aka handouts for rich people, took a trillion dollars from you and me to hand out to millionaires and billionaires. They didn’t have to work for the money. Then the loans were “forgiven”. This was set up under President Trump who deliberately undermined oversight into how the funds were managed.

The tax cut that President Trump signed into law, the one that didn’t really cut anyone’s taxes except for billionaires, was also insanely expensive. It pushed us so far into debt. Luckily, it’s going to raise taxes on people like you and me to undo some of the damage in 2025. Why in 2025? Republicans guessed that democrats would take back power by then so they were planning to blame the poison pill they designed in their own bill, that they passed on their own, on the very democrats who fought against it, the very ones who fought in favor of responsible fiscal policy. Unfortunately, the tax cuts for the billionaires are permanent; so that’s again a trillions of dollars for billionaires program.

If President Trump and congressional republicans had cared about the debt in the slightest, they would never have taken so many trillions of dollars from our country and given it to people who are already insanely rich. They’re robbing us blind.

If there were an ounce of integrity in your post, it would admit that a big chunk of President Biden’s supposed deficit came from irresponsible commitments made by President Trump.

indeed...Marjorie Taylor Greene got two of them and had them forgiven...

 

[pocket aces]

Trump was fighting a global pandemic. You guys would be screaming like scalded cat if he HDN'T spent that money to help people.

What part of before the pandemic do you not understand?

 

[Bullseye]

What part of before the pandemic do you not understand?

There was on trillion dollar deficits before the Pandemic - what part of that don't you understand. And Congress creates the debt ceiling legislation.

 

[pocket aces]

There was on trillion dollar deficits before the Pandemic - what part of that don't you understand. And Congress creates the debt ceiling legislation.

I know you are spinning trying to absolve Trump of his part in our inflation issues, but those of us who aren’t blind know different. Thankfully it looks like we are heading in a better direction now. Well not thankfully for Trumpers I guess. You needed inflation to have chance. Sorry. Better luck next time.

 

[Bullseye]

I know you are spinning trying to absolve Trump of his part in our inflation issues, but those of us who aren’t blind know different. Thankfully it looks like we are heading in a better direction now. Well not thankfully for Trumpers I guess. You needed inflation to have chance. Sorry. Better luck next time.

Facts are facts and they're easy to find. Try it some time rather than blindly spew LW lawn fertilizer. Obama had four trillion dollar deficits, Biden has had two and working on his third. Trump had one during a global crisis. All your BS "but Trump, but Trump, but Trump" screams the typical denial of the left.

 

[pocket aces]

Facts are facts and they're easy to find. Try it some time rather than blindly spew LW lawn fertilizer. Obama had four trillion dollar deficits, Biden has had two and working on his third. Trump had one during a global crisis. All your BS "but Trump, but Trump, but Trump" screams the typical denial of the left.

Get on your knees if you want, but he was responsible for inflation too.

 

[Bullseye]

Get on your knees if you want, but he was responsible for inflation too.

Have a little refreshment:

 

[pocket aces]

Have a little refreshment:

View attachment 67457368

Wow I'm so hurt. Trump had a hand in inflation. Sorry you can't handle it.

 

[Isidore]

Trump's 4 year CPI gain was 7.8% OVER FOUR YEARS. Biden has 15.5% over THREE.

Unless you believe the COVID-19 pandemic started in January 2017, you are again comparing inflation data pre-COVID to inflation data post-COVID.

Huh? The only fiscal year Trump came close to a trillion dollar deficit was FY 2020

This conversation thread has clearly been about inflation. The CPI number you gave over the four years Trump was in office must include data prior to COVID - unless you think the pandemic started in 2017.

How are the inflation numbers prior to the world wide pandemic in 2020 directly comparable to the present economic situation which still isn't fully back to normal yet?

Actual it was closer to 1.5% based on CPI-U (259,037 - 262.650

... I'm just point out the fallacy of worshipping Biden's 3% claim.

Why do you feel the year over year percent change for inflation is a useful measure for Jan 2020 - Jan 2021, but not for the period June 2022 - June 2023?

 

[Bullseye]

This conversation thread has clearly been about inflation. The CPI number you gave over the four years Trump was in office must include data prior to COVID - unless you think the pandemic started in 2017.

Not at all. I'm comparing inflation data for Trump's entire term and Biden's term so far.

How are the inflation numbers prior to the world wide pandemic in 2020 directly comparable to the present economic situation which still isn't fully back to normal yet?

How are they not? We live in the situation that is, not the one that used to be.

Why do you feel the year over year percent change for inflation is a useful measure for Jan 2020 - Jan 2021, but not for the period June 2022 - June 2023?

Year over year data has its place but the effects of inflation are cumulative over many years.

 

[Absentglare]

Have a little refreshment:

View attachment 67457368

Lol hard to believe republicans would proudly proclaim their own as a (twice) impeached traitor, subservient to America’s enemies.

“See how good our guy is, everyone HATES him!” Isn’t the flex you think it is.

 

[Bullseye]

Lol hard to believe republicans would proudly proclaim their own as a (twice) impeached traitor, subservient to America’s enemies.

Harder than that is think alleged intelligent people still swallow half-ass propaganda as it it were ambrosia.

“See how good our guy is, everyone HATES him!” Isn’t the flex you think it is.I

No irony here. None at all.

 

[Sandy Shanks]

LMAO!!! A slowdown doesn't indicate a good economy. Liberal logic at work.

We have the lowest unemployment in decades. This is combined with robust spending.

Liberal logic at work.

 

[Fletch]

We have the lowest unemployment in decades. This is combined with robust spending.

Liberal logic at work.

Your liberal logic seems to have left out the trillion+dollar deficits that are now a permanent fixture of life, and the elevated cost of servicing 32+ trillion dollars of debt. Running massive deficits during times of full employment and growing economy is about as foolish as it gets.

 

[Absentglare]

Your liberal logic seems to have left out the trillion+dollar deficits that are now a permanent fixture of life, and the elevated cost of servicing 32+ trillion dollars of debt. Running massive deficits during times of full employment and growing economy is about as foolish as it gets.

You can thank President Trump for giving trillions of our dollars away to billionaires for that.

 

[Greenbeard]

Hope the GOP isn't reading the WSJ today, we might need to put them on suicide watch.

Separate Commerce Department figures show that, through May, second-quarter price increases from the previous quarter at a number of retailing categories, including department stores, clothing stores and grocery stores, were slimmer than in the first quarter. And a lot of retailing categories experienced outright price declines, including furniture and home furnishing stores, building materials and supply stores, online and catalog retailers and, of course, gasoline stations. Judging from last week’s inflation report from the Labor Department, which showed that overall goods prices rose just 0.1% in June from May, and that goods prices excluding food and energy items fell 0.1%, many of the markdowns continued.

This is good news for consumers, of course, and is part of why economists don’t expect to see as big a downshift in inflation-adjusted, or real, consumer-spending growth in the second quarter. One might reach a different conclusion from just looking at the not-price-adjusted retail sales figures.

 

[Fletch]

.

You can thank President Trump for giving trillions of our dollars away to billionaires for that.

No, Biden is president now and has been for 2 1/2 years. You want to give him credit for everything that goes right but then pass the blame for everything that doesnt. Thats just hackishness. The fact is, this years deficit is already $1.39 trillion and we have 3 months to go. That is beyond irresponsible, but you dont care.

 

[Absentglare]

.
No, Biden is president now and has been for 2 1/2 years. You want to give him credit for everything that goes right but then pass the blame for everything that doesnt. Thats just hackishness. The fact is, this years deficit is already $1.39 trillion and we have 3 months to go. That is beyond irresponsible, but you dont care.

Well that’s kind of a sad reply because when the facts are cited, you pretend that I’m just making it up so your guy will look bad. Why is it so difficult for you to believe that President Trump did something wrong?

The free money for billionaires program he passed under the guise of a tax cut is now law that President Biden must uphold. If he didn’t, his deficits would be smaller. So why are you flipping the responsibility for this?

 

[Fletch]

Well that’s kind of a sad reply because when the facts are cited, you pretend that I’m just making it up so your guy will look bad. Why is it so difficult for you to believe that President Trump did something wrong?

The free money for billionaires program he passed under the guise of a tax cut is now law that President Biden must uphold. If he didn’t, his deficits would be smaller. So why are you flipping the responsibility for this?

Are you unaware that Josef Biden is president now?

 

[Absentglare]

Are you unaware that Josef Biden is president now?

Yes, for the second time in my life a democratic president inherited a country in crisis and is in the unenviable position of having to fix it all.

 

[Sandy Shanks]

Your liberal logic seems to have left out the trillion+dollar deficits

The National Debt has absolutely nothing to do with our economy.

Face it, If a Republican was sitting in the Oval Office, you would be cheering loudly over our economy.

But a Democrat is sitting in the Oval Office, and Republicans are desperate to find fault. Bringing up the National Debt is an example. We have had a National Debt since WWII.

 

[Fletch]

The National Debt has absolutely nothing to do with our economy.

Face it, If a Republican was sitting in the Oval Office, you would be cheering loudly over our economy.

But a Democrat is sitting in the Oval Office, and Republicans are desperate to find fault. Bringing up the National Debt is an example. We have had a National Debt since WWII.

Well, I do think the economy is doing well, but I bring up the debt and deficits because with the massive move in interest rates, financing that debt is going to be more and more of a problem. Running massive deficits during economic contractions is one thing. Running massive deficits during economic expansion and full employment is the height of recklessness.

 

[Gimmesometruth]

Not a word about the persistent inflation from Biden’s policies. What are you afraid of ?

Persistent:

"Existing or remaining in the same state for an indefinitely long time; enduring".

Consumer prices up 3.0 percent over the year ended June 2023

Over the year ended June 2023, consumer prices increased 3.0 percent, after increasing 4.0 percent over the year ended in May 2023. The June 2023 increase was the smallest 12-month increase since March 2021. A year earlier, in June 2022, the 12-month increase in overall prices was 9.1 percent...

www.bls.gov

 

[justabubba]

The National Debt has absolutely nothing to do with our economy.

actually, in a macro view, and long term, it has significant implications for our economy

it is something of a governor
think how much spending could happen if our national debt was zero
now think how little we could spend if the national credit card is maxxed out
then the world currency would be something other than the US dollar
if people feel safer and move to other currencies, then it is also a bellweather of sorts, letting us know we are over-extended
like the laffer curve, there is no precise point of inflection; but be sure it does exist
being able to create $99+ dollars for the cost of printing a piece of currency is an economic advantage our nation should never allow to disappear

Face it, If a Republican was sitting in the Oval Office, you would be cheering loudly over our economy.

that it did so immediately after covid is a stunning accomplishment

But a Democrat is sitting in the Oval Office, and Republicans are desperate to find fault. Bringing up the National Debt is an example. We have had a National Debt since WWII.

unfortunately, there is a party that seems to think we can tax-cut our way to continued prosperity

 

[AZRWinger]

Persistent:

"Existing or remaining in the same state for an indefinitely long time; enduring".

Consumer prices up 3.0 percent over the year ended June 2023

Over the year ended June 2023, consumer prices increased 3.0 percent, after increasing 4.0 percent over the year ended in May 2023. The June 2023 increase was the smallest 12-month increase since March 2021. A year earlier, in June 2022, the 12-month increase in overall prices was 9.1 percent...

www.bls.gov

So clever posting the same debunked nonsense again.