trump has either been lying about what his tariffs will do to the economy, or he himself doesn't understand what they will do

[lustylad]

Originally Posted by tommy156

The point is, prices will still be rising. They won't be going down, as falsely promised.

So you think there's no perceptible difference between 9% annual inflation and 1-2% inflation? You don't understand how the CPI (Consumer Price Index) is calculated, do you? It's based on a weighted basket of commodities consumed by the average American household.

When inflation is low (i.e. 1-2%), some prices go up and others go down each month. The overall change in the index is just a weighted average of all those changes.

But when inflation is rip-roaring high like it was under the disastrously spendthrift policies of Biden/Harris, prices go up ACROSS THE BOARD. That's what pissed off so many voters.


trump knows nothing about the economy...

And Biden/Harris do? Sorry tommy, but your comments on the economy make me cringe. I would love to see you join in one of the threads in the national Political Forum where we discuss economic matters. Tiny and Texas Contrarian would rip you to shreds. I would join in, too.

Trump has a degree from the Wharton school. Where did you study economics?


How anyone can think he's some sort of financial genius is ludicrous.

Straw man argument. Nobody calls trump a financial genius. I do think he's good at recognizing talent, which means he'll surround himself with smart people. Instead of worshiping at the altar of DEI, like Biden did in staffing his incompetent administration.


And he's still either lying about what his tariffs will do, or he himself doesn't understand what they will do. Either way, gas and groceries won't be getting cheaper any time soon.

You're the one who doesn't understand tariffs, tommy. They won't affect gas/oil prices. Moreover, since the US is a net exporting breadbasket of agricultural products, tariffs will have only a minimal impact on grocery prices... unless you're one of those coastal elite snobs who demand French wine and Belgian brie because Napa wine and Wisconsin cheese aren't good enough for your pretentious palate.

[lustylad]

Originally Posted by tommy156

Economies are not made in a single term. They are inherited. trump was gifted a strong economy thanks to Obama's wildly successful 2nd term.

Lol - I would hardly view Obama's 2nd term as "wildly successful". By what measure was the Obama economy "strong"? Real GDP growth slowed to 1.8% in Obama's last year in office (2016). It accelerated again to 2.5% in trump's first year (2017).

Originally Posted by tommy156

trump's tariffs were part of how he exploded the debt by nearly 8 trillion in 4 years. He either doesn’t understand how they work, or he's lying.

Huh? Exactly how do tariffs "explode the debt"? Most economists think the opposite is true. Revenues from tariffs make the federal deficit smaller, thereby reducing our need to borrow and add to the debt.

[HDGristle]

https://www.ers.usda.gov/topics/inte...e-at-a-glance/

You both want to double check your understanding of what we import. Skip aways down

[lustylad]

Originally Posted by bambino

Joey Bribes exploded the debt 12 trillion.

Originally Posted by tommy156

Wrong.

Biden added $4.3 trillion to the debt. Roughly half of what trump added.

Yinz are both wrong.

Under trump, the debt rose by $7.85 trillion. Importantly - almost 60% of that increase occurred in 2020, due to emergency covid relief spending. During trump's first 3 years, our debt was growing by roughly $1 trillion each year, before covid caused it to explode in Year 4.

Biden is on track to SURPASS trump in terms of debt accumulation during his own four-year term. (Unlike trump, he can't blame most of it on covid.) Through last September, Biden added $7.68 trillion to our national debt. And he still has a few more months to go.

Biden will leave trump with a massive structural federal spending deficit of around $2 trillion a year. That's roughly 7% of GDP. Elon Musk and Vijay Ramaswamy can't go to work fast enough!

https://www.statista.com/statistics/...ates-by-month/

[lustylad]

Originally Posted by HDGristle

You left out the impact of Trump's deal with the Saudi's that he "masterfully" negotiated and then fucked us on when he didn't live up to his end.

Keep telling you guys, listen to Mr. Global.

No idea what you're referring to.

Start another thread if you want to circulate dumb conspiracy theories.

Daniel Yergin, you ain't.

[HDGristle]

I know you don't lusty... but it's no conspiracy. Just fact.

[tommy156]

So you think there's no perceptible difference between 9% annual inflation and 1-2% inflation? You don't understand how the CPI (Consumer Price Index) is calculated, do you? It's based on a weighted basket of commodities consumed by the average American household

Lol. The current annual inflation rate is 2.4%. Your entire argument is based on a false premise

And if you think trump did anything at all to earn that phony baloney economics degree from Wharton, the rest of your posts suddenly make a little more sense.

I repeat, prices won't be going down any time soon. trump's dumbass tariffs will make sure of that.