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Everything posted by placeholder
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Remember Devon Archer, one of Biden's partners and the guy who Republicans believed had the info to bring Hunter Biden down? Had you followed the testimony of Archer before the House Subcommittee, you would know that Hunter Biden told Archer that he was playing on the belief of Burisma officials that the had influence with his father but really had none. Just another unfounded allegation.
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Because MAGA supporters know that the Justice Dept had plotted to investigate Trump, William Barr and John Duirham made a prolonged and desperate effort to find evidence of FBI collusion to prosecute Trump. They found nothing. Now you raise another allegation unbacked by evidence, Good luck with that.
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The nation's gross domestic product totals trillions of dollars. Most often, the number you'll hear people refer to as "GDP" is a percentage. That's the rate of change in real GDP from the previous quarter or year. "Real" or "chained" GDP numbers have been adjusted to remove the effects of inflation over time, so different periods can be compared. https://www.bea.gov/resources/learning-center/what-to-know-gdp#:~:text="Real" or "chained",during the period being measured.
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You really don't know this. I'll give you a hint. Inflation is positively proportional to demand. If demand increases, then producers tend to charge more for their products. Higher GDP growth means more demands for good and services to fuel that growth. More demand tends to bring on higher inflation.
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Well, we sure can count on Trump to keep his promises: Back to the Future: Trump’s History of Promising a Health Plan That Never Comes Ever since he was a presidential candidate, President Donald Trump has been promising the American people a “terrific,” “phenomenal” and “fantastic” new health care plan to replace the Affordable Care Act. But, in the 3½ years since he set up shop in the Oval Office, he has yet to deliver... . Trump has promised an Obamacare replacement plan five times so far this year. And the plan is always said to be just a few weeks away. https://kffhealthnews.org/news/back-to-the-future-trumps-history-of-promising-a-health-plan-that-never-comes/ Trump’s 2016 campaign pledges on infrastructure have fallen short, creating opening for Biden Winkleman, 74, drives through a stretch of downtown Milwaukee that once served as a hub of U.S. manufacturing, pausing occasionally to note the factories that have either shuttered or moved their production to China over the past three decades: the Pabst and Schlitz breweries; the Allis-Chalmers manufacturing giant; several different tanneries; the Briggs & Stratton foundry; and Kearney & Trecker, which produced milling machines. Winkleman voted for a Republican presidential candidate for the first time in his life in 2016, largely due to Donald Trump’s promise to bring back manufacturing jobs and invest $1 trillion to rebuild U.S. infrastructure in Rust Belt states like Wisconsin. This year, Winkleman will vote for former vice president Joe Biden, a decision sealed in part by Trump’s decision to pursue tax cuts — which Winkleman says primarily benefited the rich — over infrastructure investments. https://www.washingtonpost.com/us-policy/2020/10/18/trump-biden-infrastructure-2020/ Trump draws ire after retreat on drug prices pledge President Trump is backing off his 2016 campaign pledge to negotiate drug prices for Medicare with pharmaceutical companies, drawing fire from Democrats after months of talks on the issue with Speaker Nancy Pelosi (D-Calif.). During his campaign, Trump famously broke with Republican orthodoxy with his support for having the government negotiate lower drug prices. “When it comes time to negotiate the cost of drugs, we are going to negotiate like crazy,” Trump said in New Hampshire in early 2016. https://thehill.com/policy/healthcare/471735-trump-draws-ire-after-retreat-on-drug-prices-pledge/
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If you calculate US inflation the way the eu calculates inflation, then the results are just about identical. The method is called the Harmonized Index of Consumer Prices. It's what the EU uses. The US Fed also uses it to compare US inflation to EU inflation. https://fred.stlouisfed.org/series/CP0000EZ19M086NEST https://fred.stlouisfed.org/series/CP0000USM086NEST inflation. As you can see the levels are virtually the same. The reason there is such a big disparity is due to the way that the US measures housing prices. Here's a link to an explanation: https://realeconomy.rsmus.com/u-s-harmonized-index-of-consumer-prices-a-more-accurate-metric-of-disinflation/
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Elon & Trump's Spaces Chat Hammers ‘defective’ Democrats
placeholder replied to Social Media's topic in World News
Lately, a supposedly new kind of Republican (like J.D. Vance) - have been making lots of noise about their support for unions. Clearly Trump isn't one of them “Economic Terrorism”: Teamsters President Finally Slams Trump Teamsters President Sean O’Brien seems to be finally waking up to the reality of Trump after his disgusting comments about workers to Elon Musk. During his interview with Elon Musk Monday night, Donald Trump praised the tech CEO for firing organizing workers, drawing the ire of labor unions and those who care about workers’ rights. It also reflected poorly on Sean O’Brien, the president of the International Brotherhood of Teamsters, who became the first union leader to speak at the Republican National Convention last month. “Firing workers for organizing, striking, and exercising their rights as Americans is economic terrorism,” O’Brien said in a statement Tuesday to Politico’s Playbook. https://newrepublic.com/post/184861/teamsters-president-sean-obrien-reaction-trump-musk-interview-workers -
You might look closer to homes for problems with specififtiy Well, your question betrays a certain lack of scope in knowledge and precision in thinking. What is your time scale for millions of aliens entering? Monthly? Yearly? Were millions of aliens entering the US under the Trump administration? Monthly? Yearly? What is the level of aliens entering currently? Has letting in millions of aliens on whatever timescale put downward pressure on wages?
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And that Harris' policy was/is to keep letting millions of new low and no skilled "workers", that are often illiterate in their native tongue, and almost always illiterate in English, and that will likely never assimilate, and many of whom will be on some form of public assistance for life, and that will: -Put downward pressure on wages, which is great for the rich.
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Clearly, you didn't read what I just posted. Wages have risen most for those in the lowest 25 percent of workers, well outpacing inflation., If you're going to make assertions about the effects of immigrants on workers' wages and how well immigrants integrate into the economy, accompany those assertions with links to credible sources. Otherwise they're just empty. As for inflation, clearly you're at a loss since you have no answer for why Biden is responsible for inflation since it affected most of the world's economies.
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You'll be please to learn that those who would have been hit the hardest were those who did the best as far as wage increases go during the Biden administration "Similarly, workers in the bottom 25 percent of America’s income distribution have seen much stronger wage growth than higher earners, according to the Atlanta Fed’s data. And this trend is also reflected in data on wages in America’s leisure and hospitality industry, the nation’s lowest-paid sector. Even using the Labor Department’s data (which likely underestimates wage growth due to the compositional issues mentioned above), pay for hospitality workers has far outpaced inflation during Biden’s time in office." https://www.vox.com/politics/356775/trump-biden-debate-truth-about-biden-record