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

Biden added $4.3 trillion to the debt, your dubious made-up numbers aside. It's in black & white on the original link.

Good grief! I wish my numbers were “made up”. The debt is out of control.

It appears you cited the wrong link, either deliberately or out of laziness.

Your link is from a June 24, 2024 analysis by the Committee for a Responsible Federal Budget (CRFB) which states:

“President Biden, in his first three years and five months in office, approved $4.3 trillion of new ten-year borrowing”.

That is NOT the same as the amount actually added to the debt since Biden took office on January 20, 2021. Your own link even cautions you on this point:

“This analysis… does not estimate the amount of debt accumulated over their terms.”

Since you seem to like CRFB, I found another analysis they published a week later (July 2, 2024) that DOES measure how much the debt actually grew under each President. Quoting from the link below:

“Gross federal debt grew by $6.3 trillion over the first three years and five months of President Trump’s term and $7.8 trillion during his full term; gross debt has grown $7.0 trillion during President Biden’s term so far.”

Not only did you pluck an orange out of a CRFB study and call it an apple, but you ignored another CRFB study containing the actual numbers relevant to our discussion. Then you neglected to note Biden still has 7 months left to fatten his final total. Since we’re currently adding $1 trillion to the debt every 100 days, there is no doubt Biden will catch up and surpass Trump’s own (covid-distorted) 4-year debt record by the time he leaves office.

https://www.crfb.org/blogs/trump-and-biden-debt-growth

Originally Posted by tommy156

There was no lost argument here. I provided links to what I was talking about. I was right, he was wrong.

Lol. Please go back and re-read my comments above.

If you still think you're right and I'm wrong, re-read them again.

[lustylad]

Originally Posted by tommy156

trump's tariffs were part of how he exploded the debt by nearly 8 trillion in 4 years.

Originally Posted by tommy156

Biden added $4.3 trillion to the debt...

But that has nothing to do with trump tariffs.

Hmm... First you claim trump's tariffs "exploded the debt". Then when I asked you to explain, you insist the debt has "nothing to do with trump tariffs".

Which is it, tommy?

[lustylad]

Originally Posted by tommy156

trump has repeatedly made the false claim that China (or the country in question) will have to pay the tariffs. That's exactly the opposite of how tariffs work.

Already addressed in post #26. Are you capable of grasping nuance?

Question for tommy: If tariffs only hurt us and not them, why are they so vociferously opposed to them?

[onawbtngr546]

Trump and Leon's meme-level understanding of economics is only bested by the masses lack of understanding of how money works.

[lustylad]

Who's Leon? Leon Trotsky?

His name is Elon, not Leon.

So... you're saying the richest man on the planet lacks any "understanding of how money works"?

Thanks for the laugh, onawb!

[tommy156]

Originally Posted by lustylad

Who's Leon? Leon Trotsky?

His name is Elon, not Leon.

So... you're saying the richest man on the planet lacks any "understanding of how money works"?

Thanks for the laugh, onawb!

He inherited everything in the beginning and simply buys the intellectual property of others, then acts like he invented something. So yeah, he has a tangential understanding of how money works, but he hasn't the slightest clue of how to EARN anything.

Just like trump lying about what his tariffs will do to the economy, Leon lies about his intellectual prowess all the time. Neither of them know shit about the real world economy because they've never had to live in the real world. They're the two biggest nepo babies on the planet.

[lustylad]

Why do you have a need to trash successful people, in this case the richest guy on the planet? Is it ENVY? Remember the Tenth Commandment, tommy.

Elon's companies currently employ over 110,000 workers. How many jobs have YOU created?

If you were smart, you would try to learn from his success and emulate it, not try to belittle it.

Speaking of tariffs, are you going to answer my recent posts #31-33? It's your thread.

[tommy156]

Oh yeah, please let me "emulate" inheriting hundreds of millions of dollars. That would make me so successful. Why haven't I thought of that?

It's almost as if I wouldn't need to worry about what tariffs will do to the economy if I was born into extreme wealth. That's the ticket. In fact, I wouldn't need to understand jack shit about tariffs if I could just have my rich daddy give me everything I need.

[lustylad]

Originally Posted by tommy156

Oh yeah, please let me "emulate" inheriting hundreds of millions of dollars.

Except he didn't inherit anything. Trump, yes. Elon, no. The guy is 100% self-made.

Are you hijacking your own thread? Why not get back on topic by answering my debt and tariff questions in posts #31-33? You're the OP.

[tommy156]

Despite your best efforts to derail, every post I've made in here is (at least partially) on-topic.

CEOs of Fortune 500 companies are saying trump's tariffs will cause prices to go up. I trust them infinitely more than I do anyone on this board regarding the topic of tariffs.

trump is either lying about what they will do, or he himself doesn't understand what they will do. Period.