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07-28-2022, 03:47 PM
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#16
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Valued Poster
Join Date: Feb 5, 2010
Location: houston
Posts: 7,128
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Your topic was Trump was a disaster WTF are you taking about...THIS IS A DISASTER!!
They did this because the economy is in a tailspin!! Thanks Turnip head.
You obviously know nothing other the leftwing spin you so eagerly swallow right up!!
On Wednesday, the Federal Reserve announced a new hike of interest rates for the fourth time this year, this time at 75 basis points (0.75%). The recent interest rate hikes have been part of the central bank's primary effort to quell record-high inflation without sending the broader economy into a recession tailspin.
What Happens When The Fed Raises Interest Rates? - Forbes
https://www.forbes.com › advisor › investing › fed-rais...
Jun 16, 2022 — When the Fed raises the federal funds target rate, the goal is to increase the cost of credit throughout the economy. Higher interest rates make ...
Fed Fights Inflation With Another Big Rate Increase
https://www.nytimes.com › business › fed-interest-rates
22 hours ago — The Fed began raising interest rates from near-zero in March, and policymakers have picked up the pace since. After making a quarter-point move ...
How Fed hikes work and why the Fed uses them to fight inflation
https://www.usatoday.com › markets › 2022/07/25 › fe...
3 days ago — The Fed in June raised interest rates by 0.75 of a percentage point to a range of 1.5% to 1.75%, the biggest hike since 1994, USA TODAY ...
Who wins and who loses when the Fed hikes interest rates?
https://www.npr.org › 2022/06/16 › who-are-the-winners-...
Jun 16, 2022 — In short, interest rates are the Fed's main tool to combat inflation. Inflation is driven by strong consumer demand. By raising interest rates, ...
Jun 15, 2022 — The Federal Reserve raised interest rates by three-quarters of a percentage point Wednesday in an effort to combat stubbornly high inflation
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07-28-2022, 03:58 PM
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#17
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Valued Poster
Join Date: Aug 7, 2010
Location: OPKS
Posts: 7,241
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Rate hikes are a good thing to combat inflation. The rates should have never gotten so low in the first place. But due to Trumps total fuckup on almost everything the economy went to shit. The stock market is reacting positively to the rate increase.
Obviously you have no brain power to refute anything I originally posted.
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07-28-2022, 04:06 PM
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#18
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Valued Poster
Join Date: Feb 5, 2010
Location: houston
Posts: 7,128
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Quote:
Originally Posted by royamcr
Rate hikes are a good thing to combat inflation. The rates should have never gotten so low in the first place. But due to Trumps total fuckup on almost everything the economy went to shit. The stock market is reacting positively to the rate increase.
Obviously you have no brain power to refute anything I originally posted.
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You got the bullshit information from redditt, that nonsense is the size of a novel that a educated individual wouldn't waste there time on reading.
Your thread was a LEFTWING OPINION PIECE and that's all.
These are the facts...interested rates should never been that low...Trump had no control over interest rates.
I give you the FACTS not OPINIONS...as that say OPINIONS are like assholes!!
These are the FACTS not OPINIONS...you can't blame Trump for this however hard you are your leftwing minions try!!
Items That Are More Expensive Because of Inflation
These items have seen some of the largest increases over the past 12 months:
- Meats, poultry, fish and eggs: 11.7% increase
- Fruits and vegetables: 8.1% increase
- Electricity: 13.7% increase
- Utility (piped) gas service: 38.4% increase
- Airline fares: 34.1% increase
- Household cleaning products: 11.3% increase
- Rent of primary residences: 5.8% increase
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07-28-2022, 04:14 PM
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#19
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Valued Poster
Join Date: Aug 7, 2010
Location: OPKS
Posts: 7,241
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Absolutely not an opinion piece. It is a factual rundown of several aspects of trump's presidency.
I see you are only capable of posting more off topic stuff and are unable to refute any facts presented with trumpy "alternate facts".
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07-28-2022, 04:28 PM
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#20
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Valued Poster
Join Date: Feb 5, 2010
Location: houston
Posts: 7,128
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Quote:
Originally Posted by royamcr
It was a post on Quora that I found, an interesting recap with little known or forgotten details of each situation.
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IT'S a POST on Quora...where are the FACTS??? You know nothing about FACTS!!
You believe everything the left spoons feeds you.
I provided charts with the FACTS which you have a had time comprehending or don't fit your template.
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07-28-2022, 04:31 PM
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#21
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Valued Poster
Join Date: Jan 18, 2010
Location: texas (close enough for now)
Posts: 9,249
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this opinion piece is hereby refuted in its entirety
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07-28-2022, 04:46 PM
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#22
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Valued Poster
Join Date: Aug 7, 2010
Location: OPKS
Posts: 7,241
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Quote:
Originally Posted by nevergaveitathought
this opinion piece is hereby refuted in its entirety
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Bullshit, nobody has refuted or tried to offer alternate facts. Maybe cause the truth hurts the trumpies feelings cause it paints their cult leader in a very bad way.
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07-28-2022, 04:51 PM
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#23
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Valued Poster
Join Date: Feb 5, 2010
Location: houston
Posts: 7,128
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These are the facts we're dealing with today and it's just getting worse.
Refute that...but it doesn't fit your leftwing template!!
This shit didn't happen under Trump.
Items That Are More Expensive Because of Inflation
These items have seen some of the largest increases over the past 12 months:
- Meats, poultry, fish and eggs: 11.7% increase
- Fruits and vegetables: 8.1% increase
- Electricity: 13.7% increase
- Utility (piped) gas service: 38.4% increase
- Airline fares: 34.1% increase
- Household cleaning products: 11.3% increase
- Rent of primary residences: 5.8% increase
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07-28-2022, 05:38 PM
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#24
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Lifetime Premium Access
Join Date: Oct 2, 2014
Location: san antonio tx
Posts: 1,661
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When the 65th president of the united states takes office and fucks everything up even more than moronavirus joey did, the clueless dipshits on this board will still be screaming that it's all Trump's fault! .....
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07-28-2022, 05:40 PM
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#25
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Valued Poster
Join Date: Jan 3, 2010
Location: Clarksville
Posts: 61,304
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Quote:
Originally Posted by nevergaveitathought
this opinion piece is hereby refuted in its entirety
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Not refuted. Avoided.
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07-28-2022, 05:42 PM
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#26
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Valued Poster
Join Date: Feb 5, 2010
Location: houston
Posts: 7,128
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Avoided like this?????
Items That Are More Expensive Because of Inflation
These items have seen some of the largest increases over the past 12 months:
- Meats, poultry, fish and eggs: 11.7% increase
- Fruits and vegetables: 8.1% increase
- Electricity: 13.7% increase
- Utility (piped) gas service: 38.4% increase
- Airline fares: 34.1% increase
- Household cleaning products: 11.3% increase
- Rent of primary residences: 5.8% increase
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07-28-2022, 06:09 PM
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#27
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Lifetime Premium Access
Join Date: Mar 4, 2010
Location: Texas
Posts: 9,001
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Quote:
Originally Posted by royamcr
Bullshit, nobody has refuted or tried to offer alternate facts. Maybe cause the truth hurts the trumpies feelings cause it paints their cult leader in a very bad way.
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I don't think the Quora post is the "truth." There's some truth in it though. My thoughts in red.
Quote:
Originally Posted by royamcr
Trump immediately started a trade war that actually increased the trade deficit. By the end of 2018, we had lost almost 2,000 American manufacturing plants and about 300,000 jobs as businesses closed or moved overseas. American farmers went bankrupt as Russia supplanted the US as the chief importer of soy into China. The tariffs increased the cost of vital manufacturing components which led to heightened inflation. A carryover effect of that has been that the domestic manufacturers that didn’t close reduced their inventory of such components in hopes that the tariffs would end and their costs would decrease, and this is a contributing factor to the product shortages we have now. That’s one policy.
I agree on this.
In the 26 months between Trump’s tax bill and the economy’s peak before the pandemic, economic growth slowed by about two-thirds. Between Obama’s recovery act and the tax bill, the Dow grew at an average of 16.2% annually. After the tax bill that dropped to 5.8%. Before the tax bill, unemployment was dropping by about .75% annually. After the tax bill, about .25% annually. In 2019, the Fed lowered interest rates for the first time since Bush was President to combat the slowing economy, and Trump himself complained that they didn’t commit to do more to prevent a recession. And the Trump recession officially began in February 2020 while Trump was still pretending the pandemic was a Democratic hoax. That’s two.
The writer is wrong on this. Up until COVID, which was no fault of Trump's, the economy performed better than under Obama. GDP growth was higher, the unemployment rate was lower. That's not to say that Obama or Trump had a lot to do with that, GDP growth in particular. (I do give some credit to Trump and Republicans for the corporate tax cuts and deregulation, which I believe cut unemployment and boosted wages.) There are a lot of factors that affect the economy besides who's president.
Starting in 2019, Trump began undermining our operations in Afghanistan. That began with an invitation to the Taliban to a private meeting at Camp David on the anniversary of 9/11. That meeting was changed after outrage from both sides of the aisle. Nevertheless, Trump insisted on meeting with Taliban leaders outside the presence of the legitimate Afghan government, and negotiated with the Taliban rather than Afghan leaders about the future of the country after the American withdrawal. Trump promised and secured the release of 5,000 Taliban terrorists being held prisoner in Afghanistan including more than 150 that had been sentenced to death, 44 who were known to be involved in high profile attacks against US forces, and the mastermind of the deadliest attack of the entire occupation. Then he committed to a withdrawal date about 100 days after he knew he’d be out of office. A few days after he was determined to have lost his re-election bid, he announced that before leaving office he would reduce our troop presence to its lowest of the entire occupation. This drew so much criticism from all sides that Congress passed the National Defense Authorization Act, which in part barred the removal of any troops from Afghanistan prior to Inauguration Day. Trump vetoed this bill, and his veto was easily overridden even as his own party controlled the Senate at the time. Then five days before leaving office, he illegally withdrew the troops anyway in knowing violation of the law. That’s number three.
I more or less agree with Trump's and Biden's withdrawal from Afghanistan. My big disagreement with both is leaving people who had our backs behind. And more of the blame for that lays at the hands of Biden, as he was President when we finally withdrew. Trump shares a lot of the blame, as we should have been extracting our friends for years before we withdrew.
Of course we can’t skip the pandemic. The Obama administration left a robust pandemic response team in place, but all accounts are that Trump was completely disinterested in understanding the threat posed by a potential viral outbreak, and instead immediately started dismantling the team. In 2017, Trump's budget request called for massive cuts in spending on scientific research, medical research, and disease prevention, cutting $1.2 billion from the CDC, $82 million from the center that works on vaccine-preventable and respiratory diseases, making a 17% cut to CDC’s global health programs that monitor and respond to disease outbreaks around the world, and cutting 10% from the CDC’s office of public health preparedness and response. Former CDC director Tom Frieden described the administration's CDC request as “unsafe at any level of enactment. Would increase illness, death, risks to Americans, and health care costs.” In 2018, Trump fired homeland security adviser on the NSC Tom Bossert, whose job included coordinating the response to global pandemics. Bossert was not replaced. That same year, his biodefense preparedness adviser warned that a flu pandemic was the country’s number one health security threat, and the U.S. was not prepared. Rear Adm. Tim Ziemer, the NSC's senior director for global health security and biodefense, left the council and was not replaced. Luciana Borio resigned as the NSC's director for medical and biodefense preparedness policy and was not replaced. By 2019, an independent study reported that the US was not prepared for a pandemic. Biden responded to the report by criticizing the Trump administration’s dismantling of the pandemic response team. Again, this is months before Covid-19 was even discovered. Trump then spent 23 of the first 69 days of 2020 on vacation, repeatedly downplaying the pandemic before declaring it a national crisis on day 70. Despite that, he refused to develop a national strategy to slow the spread, instead going on the offensive against state and local officials working to protect their communities. As a result, by the end of 2020, hundreds of thousands of businesses had permanently closed, 75% of schools were closed, and unemployment was over 6%. That’s number four.
The dismantling of our pandemic response began under Obama. George W. Bush had us well prepared. But yes, there are some valid criticisms here. I'd add Trump should have used the bully pulpit more to persuade people to voluntarily exercise good judgement, like social distancing and wearing KN95 and N95 masks, instead of holding super spreader campaign events.
On the other hand, I don't believe Hillary Clinton or Joe Biden would have come up with anything like Operation Warp Speed, which saved a lot of lives. Hell, Biden's a big believer in testing and masks, but he did diddly squat to promote either. There was a big shortage of test kits when Omicron arrived.
Furthermore, the U.S. economy during Covid performed better than the majority of other countries' economies. And Trump had a lot to do with that, as, after the initial stage of the pandemic, he didn't brook lockdowns.
Trump was by far the most wasteful President in modern history. He grew the deficit every year he was in office—a feat not even GW Bush accomplished. He wasted billions on an idiotic border wall (and shut down the government for the longest time in history because his own party wouldn’t fund it). He wasted millions if not billions rebranding part of the Air Force to look like Star Trek cosplayers. When he should have been investing in making the country safe for commerce during the pandemic, instead he borrowed trillions to prop up the stock market and to pay people to not work. He would become the first President in history to maintain a debt to GDP ratio over 100% for his entire term, added more to the national debt in four years than Bush 41 and Bush 43 added in their twelve years combined, and added more in one year than Reagan added in two full terms. That’s number five.
I don't think he was any worse than the others. Well, he was a lot worse than the Clinton-Rubin-Gingrich team during Clinton's second term. But all the rest were worse too.
You could argue based on the numbers that Trump was worse, but faced with COVID you would have seen a Democratic president spend just as much. Remember spending bills originate in the House, and Democrats controlled the House during COVID.
While I hate to admit WTF is right about anything, because he needs to learn some humility, his belief that split government, where one country controls the Congress or the Senate and another the presidency, has some basis. And that wasn't the case during Trump's first two years in office.
Trump consistently undermined our national security by siding with hostile dictators against our own intelligence agencies, by holding private meetings with Putin, by tweeting classified photos, by ordering the assassination of an Iranian general in violation of international treaties, by sabotaging our operations in Afghanistan (as described previously) and by diverting money from national defense to fund his idiotic wall. That’s number six.
I partly liked that about Trump. There's a good chance that Russia wouldn't have invaded Ukraine if Trump had been president, because Trump was willing to kiss Putin's ass. But perhaps the writer has a point. Trump should have trusted our intelligence services more.
Does attempting to subvert our elections count as a “policy” or is that just a crime? What about spending a century of Presidential salaries on golf trips? How about appointing racists, criminals, unqualified campaign donors and his own children to positions in his administration? How about pathologically lying every time he opened his mouth? Are any of those “policies”? Because those were all harmful to our democracy. And if you notice, I didn’t even need to bring up the mean tweets.
I agree with the writer mostly. I disagree with the part about who Trump appointed for positions in his administration. Biden's just as bad. Look at his energy secretary. Or his Vice President.
So in short, Trump was a complete disaster for the US in every way imaginable. The best way for America’s enemies to try to hurt the country would have been to help Trump gain power. And obviously Putin was smart enough to realize that early on. It’s too bad that so many Republicans still haven’t figured it out themselves.I'm not sure about that, that Trump helped America's enemies. I do sincerely wish that Republicans would figure out he's bad for the party and kick him the hell out.
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07-28-2022, 06:44 PM
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#28
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Valued Poster
Join Date: Aug 7, 2010
Location: OPKS
Posts: 7,241
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Any president would have accelerated vaccines, it wasn't like Trump developed them. They were developed 10 years prior. Any other president would have just done it and not "branded" it for marketing purposes. It should have been done 2 months earlier though, of course trump just said it was a flu and it would go away by Easter.
Afghanistan had an unfortunate suicide bomb at the end, that was no fault of Biden, just like some rando dumbfuck running into a school and shooting people. I doubt biden ordered the air attack on those guys that were doing terrorist like activities. After the suicide bomb they were on high alert for anything suspicious. As for people left behind, haven't heard much in the way of that being a big issue. Some were still leaving after the withdrawal, and may still be. A lot lived there with all their belongings, not easy to just up and move. End of wars are historically messy and lots of equipment is always left behind. Too risky to try to retrieve it all, and if we were really planning on leaving under Trump most of the equipment should have been removed. I've read that Trump never really planned on leaving Afghanistan, hard to really know. For sure he could have done the exit the year prior, but he didn't want to risk issues with his reelection. With trump it is trump before country, even though he always says the opposite...
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07-28-2022, 06:57 PM
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#29
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Valued Poster
Join Date: Feb 5, 2012
Location: Midwest
Posts: 261
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And 30 minutes ago NBC reported that 75% of the democrats don't want Biden to run again. ENOUGH SAID!
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07-28-2022, 07:13 PM
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#30
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Lifetime Premium Access
Join Date: Mar 4, 2010
Location: Texas
Posts: 9,001
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Quote:
Originally Posted by royamcr
Any president would have accelerated vaccines, it wasn't like Trump developed them. They were developed 10 years prior. Any other president would have just done it and not "branded" it for marketing purposes. It should have been done 2 months earlier though, of course trump just said it was a flu and it would go away by Easter.
Afghanistan had an unfortunate suicide bomb at the end, that was no fault of Biden, just like some rando dumbfuck running into a school and shooting people. I doubt biden ordered the air attack on those guys that were doing terrorist like activities. After the suicide bomb they were on high alert for anything suspicious. As for people left behind, haven't heard much in the way of that being a big issue. Some were still leaving after the withdrawal, and may still be. A lot lived there with all their belongings, not easy to just up and move. End of wars are historically messy and lots of equipment is always left behind. Too risky to try to retrieve it all, and if we were really planning on leaving under Trump most of the equipment should have been removed. I've read that Trump never really planned on leaving Afghanistan, hard to really know. For sure he could have done the exit the year prior, but he didn't want to risk issues with his reelection. With trump it is trump before country, even though he always says the opposite...
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I heard an interview on Doctor Radio about a month ago where Robert Redfield, the head of the CDC during the Trump administration, gave Trump a lot of credit for Operation Warp Speed. I think Trump got the vaccines approved a lot faster than Biden or Hillary Clinton would have. Partly for self serving reasons. Trump wanted a vaccine before the election, and he was willing to push the FDA to get it. It was the right approach though, regardless.
As to Afghanistan, I'm thinking about the Afghan citizens who helped us during the war but who we left behind, largely because the State Department was slow to issue visas. During Trump's administration it might have been because of the administration's anti-immigrant bias and overdone concern about terrorism. And given how slowly our government moves, that bias would have carried over into the Biden administration. Trump also could have done more to protect the Kurds in northern Syria who we left behind when we gave Turkey the green light to move in.
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