Are you better off...

[farmstud60]

Originally Posted by VitaMan

I have prospered under the policies of the last 4 years. Must be some other reason Trump supporters are not doing well.

I would say you are not being honest with you self. Costs have gone up 20% or more for everyone. If you don't borrow money the increase in interest rates didn't hurt you, but the increase in interest rates brought you more income which may have helped you out short term. If it is mostly in stock market, you could be close to losing a lot of money.


Bottom line is your buying power today is way less than 4 years ago.

[ICU 812]

Of course 2020 and even 2021 would have been pretty grim for huge numbers of Americans regardless of who was president or who controlled congress.

It is my perhaps unsophisticated and naive understanding of economics . . .but it sems to me that the high price of commodities gold, fuel, food and stocks in general are evidence of the steep drop in buying power in the US Dollar.

Perhaps I have that wrong.

[VitaMan]

Originally Posted by farmstud60

I would say you are not being honest with you self. Costs have gone up 20% or more for everyone. If you don't borrow money the increase in interest rates didn't hurt you, but the increase in interest rates brought you more income which may have helped you out short term. If it is mostly in stock market, you could be close to losing a lot of money.


Bottom line is your buying power today is way less than 4 years ago.

My net worth has increased 5 fold over the last 4 years. I am not close to losing any of it.


Mr. Trump stole this slogan from President Reagan. What a difference in character and ethics between these 2 individuals.

[SpeedRacerXXX]

Originally Posted by ICU 812

Of course 2020 and even 2021 would have been pretty grim for huge numbers of Americans regardless of who was president or who controlled congress.

That has to be taken into consideration for sure. Look at Trump's last year in office when the pandemic hit. Terrible numbers.

4 years ago I was stuck in my home for most of the year. That was a horrible experience.

Today stock markets are at all time highs, GDP is solid, gas prices coming down rapidly, unemployment low, inflation back to normal levels. income is up. There are few negatives in the economy today. And the U.S. has recovered economically from the pandemic much faster than most other countries.

So maybe the question should be are you better off today than you were when the pandemic ended? I am.

[1blackman1]

We’re still feeling the effects of the pandemic. Inflation was problem but it wasn’t because of Biden. The whole world had sky high inflation, higher than the US. Of all the first world countries, the US has fared better than all of them in most metrics.

The world is finally recovering and the US is leading the way.

[offshoredrilling]

Originally Posted by ICU 812

Please be more specific.

401k and stocks doing well
but paper taint tasty

[The_Waco_Kid]

Originally Posted by VitaMan

My net worth has increased 5 fold over the last 4 years. I am not close to losing any of it.

i find your claim highly suspect

[farmstud60]

Originally Posted by VitaMan

My net worth has increased 5 fold over the last 4 years. I am not close to losing any of it.


Mr. Trump stole this slogan from President Reagan. What a difference in character and ethics between these 2 individuals.

Net worth different than buying power

[farmstud60]

Originally Posted by 1blackman1

We’re still feeling the effects of the pandemic. Inflation was problem but it wasn’t because of Biden. The whole world had sky high inflation, higher than the US. Of all the first world countries, the US has fared better than all of them in most metrics.

The world is finally recovering and the US is leading the way.

The Biden/Harris Increase Inflation Act which it should have been called was definitely inflationary. I haven't seen an economist that says it wasn't inflationary.


It wasn't the only reason, but best guesses I've seen is that it increased inflation rate from maybe 4% to about 9%

[Yssup Rider]

But that's not what it is now, farm

I did well under Trump until he botched the pandemic.

Done much much better since

[The_Waco_Kid]

Originally Posted by Yssup Rider

But that's not what it is now, farm

I did well under Trump until he botched the pandemic.

Done much much better since

how exactly did Trump botch the pandemic?


the only reason the economy is better today is the recovery from the pandemic which Biden did his best to fuck up.

[VitaMan]

Originally Posted by The_Waco_Kid

i find your claim highly suspect

Why would you even post something like this ?


Are you better off than you were 4 years ago ?

[The_Waco_Kid]

Originally Posted by VitaMan

Why would you even post something like this ?


Are you better off than you were 4 years ago ?

of course but to say i'm 5 TIMES better in just 4 years would be way beyond the known market growth. the markets have not gone up 5 FOLD in 4 years.

[VitaMan]

Really don't understand your mentality.


Plus - there are other ways to make money besides the stock market.


You can go ahead and mention if you are better off than you were 4 years ago. I seem to remember you mentioning you have become a millionaire just recently.

[SpeedRacerXXX]

Originally Posted by farmstud60

The Biden/Harris Increase Inflation Act which it should have been called was definitely inflationary. I haven't seen an economist that says it wasn't inflationary.


It wasn't the only reason, but best guesses I've seen is that it increased inflation rate from maybe 4% to about 9%

Inflation peaked in 2022. The poorly named Inflation Reduction Act was not passed until August of 2022 and had no impact on the high inflation in 2022. By mid-2023 inflation had eased back to the mid 3s and is now at 2.4%.

So yes, the Inflation Reduction Act may have hurt the inflation rate but not like you said, raising it from 4% to 9%. Simply not true.

Oh, and have you seen the estimates on how Trump's tariff proposals will impact income and the inflation rate?