FACTS:

[Here_4_a_Day]

Donald Trump's son responds after Biden claims he inherited 9% inflation when he came into office

Eric Trump swiped President Biden after the Democrat claimed he inherited 9% inflation when he took office in January 2021. His claim is factually wrong as inflation was 1.4% at the time.

www.foxnews.com

 

[Hawki97]

 

[Finance85]

If you want the liberals on this board to give you even a hint of credibility, you'll need sources they can't dismiss out of hand.

 

[Here_4_a_Day]

If you want the liberals on this board to give you even a hint of credibility, you'll need sources they can't dismiss out of hand.

Oh I'm dying for some cred from a group of ax grinding, leftist, morons on welfare who only leave their mothers' basements to burn an American flag on the 4th of July.......

 

[Finance85]

From the BLS

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	HALF1	HALF2
2014	1.6	1.6	1.7	1.8	2.0	1.9	1.9	1.7	1.7	1.8	1.7	1.6	1.8	1.7
2015	1.6	1.7	1.8	1.8	1.7	1.8	1.8	1.8	1.9	1.9	2.0	2.1	1.7	1.9
2016	2.2	2.3	2.2	2.1	2.2	2.2	2.2	2.3	2.2	2.1	2.1	2.2	2.2	2.2
2017	2.3	2.2	2.0	1.9	1.7	1.7	1.7	1.7	1.7	1.8	1.7	1.8	2.0	1.7
2018	1.8	1.8	2.1	2.1	2.2	2.3	2.4	2.2	2.2	2.1	2.2	2.2	2.1	2.2
2019	2.2	2.1	2.0	2.1	2.0	2.1	2.2	2.4	2.4	2.3	2.3	2.3	2.1	2.3
2020	2.3	2.4	2.1	1.4	1.2	1.2	1.6	1.7	1.7	1.6	1.6	1.6	1.8	1.6
2021	1.4	1.3	1.6	3.0	3.8	4.5	4.3	4.0	4.0	4.6	4.9	5.5	2.6	4.5
2022	6.0	6.4	6.5	6.2	6.0	5.9	5.9	6.3	6.6	6.3	6.0	5.7	6.2	6.1
2023	5.6	5.5	5.6	5.5	5.3	4.8	4.7	4.3	4.1	4.0	4.0	3.9	5.4	4.2
2024	3.9	3.8	3.8

 

[Finance85]

Oh I'm dying for some cred from a group of ax grinding, leftist, morons on welfare who only leave their mothers' basements to burn an American flag on the 4th of July.......

OF course you are. The thing is, many people will believe Biden because those who refute what he's saying lack their own credibility. There are actually open minded people out there who simply need facts they can trust, or enough information so they can seek facts they can trust.

 

[Here_4_a_Day]

OF course you are. The thing is, many people will believe Biden because those who refute what he's saying lack their own credibility. There are actually open minded people out there who simply need facts they can trust, or enough information so they can seek facts they can trust.

The marxists on this site, could be buried under an Alps like avalanche of facts, and they would still believe jo is the best president ever, rescued us from Trump and should be on Mt. Rushmore. Christ, they can't even bring themselves to process the grid you posted.

 

[noStemsnoSTICKS]

Oh I'm dying for some cred from a group of ax grinding, leftist, morons on welfare who only leave their mothers' basements to burn an American flag on the 4th of July.......

The only folks desecrating flags are the magats who used them to assault cops.

 

[ICHawk-I]

From the BLS

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	HALF1	HALF2
2014	1.6	1.6	1.7	1.8	2.0	1.9	1.9	1.7	1.7	1.8	1.7	1.6	1.8	1.7
2015	1.6	1.7	1.8	1.8	1.7	1.8	1.8	1.8	1.9	1.9	2.0	2.1	1.7	1.9
2016	2.2	2.3	2.2	2.1	2.2	2.2	2.2	2.3	2.2	2.1	2.1	2.2	2.2	2.2
2017	2.3	2.2	2.0	1.9	1.7	1.7	1.7	1.7	1.7	1.8	1.7	1.8	2.0	1.7
2018	1.8	1.8	2.1	2.1	2.2	2.3	2.4	2.2	2.2	2.1	2.2	2.2	2.1	2.2
2019	2.2	2.1	2.0	2.1	2.0	2.1	2.2	2.4	2.4	2.3	2.3	2.3	2.1	2.3
2020	2.3	2.4	2.1	1.4	1.2	1.2	1.6	1.7	1.7	1.6	1.6	1.6	1.8	1.6
2021	1.4	1.3	1.6	3.0	3.8	4.5	4.3	4.0	4.0	4.6	4.9	5.5	2.6	4.5
2022	6.0	6.4	6.5	6.2	6.0	5.9	5.9	6.3	6.6	6.3	6.0	5.7	6.2	6.1
2023	5.6	5.5	5.6	5.5	5.3	4.8	4.7	4.3	4.1	4.0	4.0	3.9	5.4	4.2
2024	3.9	3.8	3.8

The fact you included this whole chart that shows inflation trending downward will not make OP very happy.

Yes inflation happened, but it seems efforts to lower it appear working, but I suspect that someone here will tell me that isn't really the case, it just looks like it.

 

[Crafty Beaver]

The fact you included this whole chart that shows inflation trending downward will not make OP very happy.

Yes inflation happened, but it seems efforts to lower it appear working, but I suspect that someone here will tell me that isn't really the case, it just looks like it.

The chart makes it look like you’re trying to take credit for solving the problem you created.

 

[Here_4_a_Day]

The fact you included this whole chart that shows inflation trending downward will not make OP very happy.

Yes inflation happened, but it seems efforts to lower it appear working, but I suspect that someone here will tell me that isn't really the case, it just looks like it.

Define "working?"

 

[waterboy4582]

The fact you included this whole chart that shows inflation trending downward will not make OP very happy.

Yes inflation happened, but it seems efforts to lower it appear working, but I suspect that someone here will tell me that isn't really the case, it just looks like it.

Thinking isn’t your strong suit.

 

[Finance85]

The fact you included this whole chart that shows inflation trending downward will not make OP very happy.

Yes inflation happened, but it seems efforts to lower it appear working, but I suspect that someone here will tell me that isn't really the case, it just looks like it.

INFLATION IS CUMUALTIVE.

Jeesh, trending downward is just compared to the previous period, but the rate is still nearly twice as high as the federal reserve target, and there's a cumulative effect. Monetary policy by the Fed can only partially offset reckless fiscal policy. The increase in money supply should never exceed net GDP by more than a minimal amount. The chart I posted doesn't even come close to inflation rates for food and housing.

 

[ICHawk-I]

The chart makes it look like you’re trying to take credit for solving the problem you created.

Not trying to take credit for anything. Just pointing out that the chart reflects the fact inflation went up, but is now coming down.

 

[ICHawk-I]

Thinking isn’t your strong suit.

Then enlighten me and share why my observation that inflation went up, and is now coming down, either naturally or by economic efforts is flawed thinking? Seems like you're kinda mad that its trending lower.

 

[ICHawk-I]

Define "working?"

Um, its been trending downward over the past year from its high. If people want to complain about high inflation, then inflation moving lower should make everyone happy. Seems pretty simple.

 

[Here_4_a_Day]

Um, its been trending downward over the past year from its high. If people want to complain about high inflation, then inflation moving lower should make everyone happy. Seems pretty simple.

The bond market says, "no" > https://www.cnbc.com/quotes/US10Y

 

[Finance85]

Um, its been trending downward over the past year from its high. If people want to complain about high inflation, then inflation moving lower should make everyone happy. Seems pretty simple.

Hmmm. If I'm pounding my thumb with a hammer every 10 seconds, and slow that down to every 15 seconds, will I be happy? I suppose that depends on your perspective. Most people will be a relieved when it slows down, but they won't be happy until the pain stops.

 

[ICHawk-I]

The bond market says, "no" > https://www.cnbc.com/quotes/US10Y

"Yes inflation happened, but it seems efforts to lower it appear working, but I suspect that someone here will tell me that isn't really the case, it just looks like it."

Thank you for proving my point.

 

[Here_4_a_Day]

"Seems" is such a weak word, don't you "think?"

 

[Here_4_a_Day]

Hmmm. If I'm pounding my thumb with a hammer every 10 seconds, and slow that down to every 15 seconds, will I be happy? I suppose that depends on your perspective. Most people will be a relieved when it slows down, but they won't be happy until the pain stops.

Are you responding to one of those who can be "swayed by credibility?" 🤣 🤣 🤡🥳

 

[ICHawk-I]

Hmmm. If I'm pounding my thumb with a hammer every 10 seconds, and slow that down to every 15 seconds, will I be happy? I suppose that depends on your perspective. Most people will be a relieved when it slows down, but they won't be happy until the pain stops.

Inflation has always been a thing, so if you want to be more accurate your scenario is that then you've always been causing pain by hitting your thumb with a hammer, just at a lower frequency, so yes, relief is good, but the pain will never stop and no one will ever be happy.

I just think likening a simple, intentional, act to something that has tons of complex moving parts and factors that affect it isn't a fair comparison.

 

[Finance85]

Inflation has always been a thing, so if you want to be more accurate your scenario is that then you've always been causing pain by hitting your thumb with a hammer, just at a lower frequency, so yes, relief is good, but the pain will never stop and no one will ever be happy.

I just think likening a simple, intentional, act to something that has tons of complex moving parts and factors that affect it isn't a fair comparison.

The numbers speak for themselves.
Inflation isn't as complex as you think, Excess deficit spending and policies affecting essential goods and services (supply and demand) are the elements.

The current inflation was because of intentional acts, and was easily predictable, by anyone with a brain.

Happy is a state of mind. You keep pounding your thumb and be happy. Most of us will be happy with a better result.

 

[Here_4_a_Day]

The numbers speak for themselves.
Inflation isn't as complex as you think, Excess deficit spending and policies affecting essential goods and services (supply and demand) are the elements.

The current inflation was because of intentional acts, and was easily predictable, by anyone with a brain.

Happy is a state of mind. You keep pounding your thumb and be happy. Most of us will be happy with a better result.

He doesn't/can't understand. It's defend jo at all costs.....

https://www.usdebtclock.org/ < Almost to $35,000,000,000,000 after 4 years of the greatest president ever!!

 

[ICHawk-I]

He doesn't/can't understand. It's defend jo at all costs.....

https://www.usdebtclock.org/ < Almost to $35,000,000,000,000 after 4 years of the greatest president ever!!

LOL. Now, how much per POTUS before this one added to that and how much for each?

 

[Here_4_a_Day]

LOL. Now, how much per POTUS before this one added to that and how much for each?

0boma? A lot!!

 

[ICHawk-I]

0boma? A lot!!

Now do the previous GOP Presidents. It seems you're avoiding them. Why?

I don't like the national debt, but to act like one person or party is responsible for it is just disingenuous.

 

[Finance85]

Now do the previous GOP Presidents. It seems you're avoiding them. Why?

I don't like the national debt, but to act like one person or party is responsible for it is just disingenuous.

This is correct. It's a combination of Congress and the POTUS, as well as circumstances.

Reagan's changes to corporate depreciation tax reporting stimulated the economy and generated record revenue. Reagan made a deal with Tip O'Neill to massively increase military spending that exceeded the revenue increases.

Likewise W made a deal with Barney Frank to triple the amount of money available from Freddie and Fannie, finishing the perfect storm created by repeal of Glass-Steagall under Clinton, leading to the housing market implosion, and the bailouts, stimulus, etc., at the end of his term.

Obama, with a Democrat Congress, expanded federal deficit spending because he was borrowing money at near zero interest. Many economists predicted (correctly) that all of that additional debt would be a problem when interest rates rose.

Trump had his tax cuts, which served no good purpose other than repatriating corporate cash. Trump also colluded with a Democrats and Republicans in Congress to send out stimulus checks during the pandemic.