Odd way to admit you completely made stuff up
How some people who actually get paid to understand how the economy works see a potential Trump presidency
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Odd way to admit you completely made stuff up
Don't be an idiot. Period.GDP you have an argument. You are fishing on jobs created due to part time jobs.
Employed, Usually Work Full Time
Graph and download economic data for Employed, Usually Work Full Time (LNS12500000) from Jan 1968 to May 2024 about full-time, 16 years +, household survey, employment, and USA.fred.stlouisfed.org
Don't be an idiot to show your bias.
Inflation is transitionary….to higher prices. That’s a fact. But this “inflation” has been a long time coming and is certainly not the fault of one man or his policies. Low interest rates, poorly aimed tax cuts, inflationary tariffs…..free money give-away, runaway spending, failure to reign in expenses and increase tax revenues (reducing debt levels) all have contributed…..add in Covid pandemic, collapse of the nation’s financial service industry, the “bail-out” financed by “we the people” and America’s “too big to fail banking industry”…..it all factors in……we all profit from it and we all suffer from it.
So the exact opposite of his first term up until covid?It might surprise a few self-prolcaimed knowledgeable posters on this board...
Headline: Slower Growth and Higher Inflation.
Trump Ascendancy Has Morgan Stanley Team Touting Steeper Curve
(Bloomberg) -- The growing prospect of a Trump presidential victory is making yield curve steepeners an attractive bet as growth will likely slow and inflation quicken under such a scenario, according to Morgan Stanley.Most Read from Bloomberg24-Hour Stock Trading Is Booming – and Wall Street Is...finance.yahoo.com
And WTF are you talking to exactly? This has nothing to do with the comment you're responding to.GDP you have an argument. You are fishing on jobs created due to part time jobs.
Employed, Usually Work Full Time
Graph and download economic data for Employed, Usually Work Full Time (LNS12500000) from Jan 1968 to May 2024 about full-time, 16 years +, household survey, employment, and USA.fred.stlouisfed.org
Don't be an idiot to show your bias.
GDP you have an argument. You are fishing on jobs created due to part time jobs.
Employed, Usually Work Full Time
Graph and download economic data for Employed, Usually Work Full Time (LNS12500000) from Jan 1968 to May 2024 about full-time, 16 years +, household survey, employment, and USA.fred.stlouisfed.org
Don't be an idiot to show your bias.
“Indeed, when it came to job creation, Trump was vastly outperformed by the other presidents. Bill Clinton oversaw the biggest gain, 23 million additional jobs, followed by Ronald Reagan (16 million), Joe Biden (14 million), and Lyndon Johnson (12 million)―all the way down to George W. Bush (1.4 million). During the presidency of Barack Obama, Trump’s much-reviled predecessor, the United States added 11.6 million jobs.
Trump’s defenders point to the disruptive effect the COVID-19 pandemic had on the American economy. Although the disease crisis certainly undermined employment during his presidency, it’s also true that his denial and mismanagement of the public health emergency deepened its human and economic impact in the United States. Furthermore, even before the pandemic hit, job creation during the Trump presidency was relatively weak. During Trump’s first 31 months in office, employment growth in the United States averaged 176,000 jobs per month. During Biden’s first 31 months in office, employment growth averaged 433,000 jobs per month.”
Trump is pushing tariffs and tax cuts, two inflationary policies. Of course we’d still have high inflation.
We are in trouble due to lack of real job creation period.
Biden is old and so it Trump. One wants to end democracy, so it's apparent who to vote for. Biden in a coma is still better than Trump, imo.
You attribute the economy to Trump? He benefited from Obama setting the country on a good path. When Trump had a hiccup with the pandemic, you saw his ineptitude with governing and the economy went to shit. If you think otherwise, please tell us what Trump did to have have such sucess.
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And you don't make any sense. How many net jobs were created during the Trump administration?
One wants to end democracy...yes. One wants to rule a democratic cleptocracy. ...
The guy that called for a military tribunal against Liz Cheney and the Jan 6th committee, correct?
Oh I understand the war perfectly, heard it from the horses mouth himself. There are hold over Nazis lurking everywhere in Ukraine and they must be defeated. What brilliant explanation can you give me beyond that exactly?
If they said that, they were correct.
Historical Inflation Rates: 1914-2024
The table displays historical inflation rates with annual figures from 1914 to the present. These inflation rates are calculated using the Consumer Price Index, which is published monthly by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor. The latest BLS data, covering up to...
www.usinflationcalculator.com
His GDP growth was anemic and he was the first president in modern history to lose jobs. Dude is lying to you.
On the loss of Jobs...that was covid. Anybody with a couple brain cells knows that argument is BS. Just sayin...
And what about his weak job performance before COVID? Or his weak GDP performance? The point is that Trump promised a Michelin star restaurant. And delivered us McDonalds.
I agree the economy wasn't as good as Trump makes out but it wasn't "bad".
Not bad but not what Trump promised. As far as I can tell he only had one idea to juice the economy: tax cuts. He's already played that card. And it produced nothing. We can put him back in charge. But there's a pretty good chance it will just lead to mediocrity if we face no disasters. And will take a nosedive if we do have a disaster since he can't lead.
I think we'll hit the long anticipated recession in the next term regardless of president.
I basically agree with the gist of your point though.
My take is that we'll be facing a very painful recession once the boomers die off. They're the ones keeping the economy going with their massive spending. I don't think that will be in the next term since a lot of boomers will still be around. But certainly in the term after that. In short, policy won't decide the economy. Death of an entire generation will.
Plus boomers won't pass their wealth to the next generation. Gen X isn't big enough to support the economy. Millennials don't have enough money. Next ten years won't look pretty.
On inflation...that was covid.
Anyone with a couple of brain cells knows...that argument is BS...just saying.
Both statements are true.
Which means we're in for some wild vacillations in elections every two years as each party is blamed for our predicament.
‘Lady’ Lindsey Graham said the quiet part out loud a few weeks ago in an interview, referring to the gold mine that is Ukraine with its $12 trillion worth of critical minerals that the West "can't afford to lose".
But the current CIA-instigated war started in ‘14; The Russian paranoia over NATO expansion a long time before that.
Hi Hexum, glad you made it back. You must have missed my question. Could you please explain what the “Covid came from a bat 80 miles away” theory is. I’m curious.
Those things you speak of existed during Trumps first four years also.
Dems have been busy destroying our economy and business culture while heaping debt for four years, but yes, the impending recession will definitely be "Trump's fault!" 🤡
Republicans vote for Republicans. Why do you expect them to see things the way you see them and completely flip parties and vote for the other side suddenly? Your best bet if that more of them dislike the choices than the Dems who decide to sit it out.
And no one who was paying attention, equated them the other night. Trump lied and Biden drooled…and lied.. Two completely different versions of terrible.
If I were accounting for COVID, I would cut out the last year of Trump's presidency and the first year of Biden's. Biden's story isn't written yet, he has until January at least, but I wonder what the first 3 years of trump looks without COVID? That's such an outlier that it simply shouldn't factor into the equation for either of them.
Someone who gets it. Gas and oil development in Donbas destroys Russia. Why on a sane earth would the son of a sitting VP be on the board of the company set to develop Donbas gas and oil? Its insane.
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