Trumpy-nomics -- "fixing" an economy that is already great. What could possibly go wrong?

[Jingthing]

Frankly. I'm worried.

 

 

Trump's plans are tailored towards oligarchs and inflicting pain on the masses.

I don't think we have many oligarchs here.

It's interesting to compare to Argentina who elected a Trump-like character as well for economic reasons.

But Argentina's economy has been a basket case for generations, and radical change made much better sense there.

The worse months of the inflation time under Biden would be like a pipe dream for them.

Indeed inflation is down in Argentina (still objectively quite bad though) but poverty has spiked massively as the price.

Elon Musk even before the election signaled great pain was in store for the American masses, but I don't think very many Trump voters heard that (or let it get in the way of the magical thinking about the powers of "strong man" Trump).

So more or less Argentina kind of HAD to take massive risks with their economy.

The USA most certainly didn't. On the face of it -- INSANE. 

 

 

 

 

[thaibeachlovers]

2 hours ago, Jingthing said:

Frankly. I'm worried.

 

 

Trump's plans are tailored towards oligarchs and inflicting pain on the masses.

I don't think we have many oligarchs here.

It's interesting to compare to Argentina who elected a Trump-like character as well for economic reasons.

But Argentina's economy has been a basket case for generations, and radical change made much better sense there.

The worse months of the inflation time under Biden would be like a pipe dream for them.

Indeed inflation is down in Argentina (still objectively quite bad though) but poverty has spiked massively as the price.

Elon Musk even before the election signaled great pain was in store for the American masses, but I don't think very many Trump voters heard that (or let it get in the way of the magical thinking about the powers of "strong man" Trump).

So more or less Argentina kind of HAD to take massive risks with their economy.

The USA most certainly didn't. On the face of it -- INSANE. 

 

 

 

 

You overlook that the only alternative to Trump was Harris, and most of us know why she was defeated by Trump.

If you want to moan about it, blame the Dems for putting up the worst possible candidate.

[Patong2021]

Why worry? Until Trump's administration enacts the legislation or imposes its edicts it's an as is operation.

 

And if the expected changes are as bad as claimed, then the outcome will be the best thing that can occur for those who are opposed to Trump.  Financial pain and disarray will  illustrate the folly of Trumpenomics. On the other hand, if the Trump policies are solid, then there will be national prosperity. Looks to me like there will be a positive outcome either way. The fact is, that trump has a mandate to act, and he will.

 

[Jingthing]

1 hour ago, thaibeachlovers said:

You overlook that the only alternative to Trump was Harris, and most of us know why she was defeated by Trump.

If you want to moan about it, blame the Dems for putting up the worst possible candidate.

Not talking about the election.

Talking about what we're getting.

[blaze master]

Spoken like a true elitist. 

[Chosenfew]

13 hours ago, Jingthing said:

Frankly. I'm worried.

 

 

Trump's plans are tailored towards oligarchs and inflicting pain on the masses.

I don't think we have many oligarchs here.

It's interesting to compare to Argentina who elected a Trump-like character as well for economic reasons.

But Argentina's economy has been a basket case for generations, and radical change made much better sense there.

The worse months of the inflation time under Biden would be like a pipe dream for them.

Indeed inflation is down in Argentina (still objectively quite bad though) but poverty has spiked massively as the price.

Elon Musk even before the election signaled great pain was in store for the American masses, but I don't think very many Trump voters heard that (or let it get in the way of the magical thinking about the powers of "strong man" Trump).

So more or less Argentina kind of HAD to take massive risks with their economy.

The USA most certainly didn't. On the face of it -- INSANE. 

 

 

 

 

Drill baby Drill!

[soalbundy]

10 hours ago, Patong2021 said:

Why worry? Until Trump's administration enacts the legislation or imposes its edicts it's an as is operation.

 

And if the expected changes are as bad as claimed, then the outcome will be the best thing that can occur for those who are opposed to Trump.  Financial pain and disarray will  illustrate the folly of Trumpenomics. On the other hand, if the Trump policies are solid, then there will be national prosperity. Looks to me like there will be a positive outcome either way. The fact is, that trump has a mandate to act, and he will.

 

How can there be national prosperity with 36 trillion of debt and interest payments using up most of the tax revenues, to me it looks like disaster whoever is in charge.

[johnnybangkok]

Just the same as the last time he took power, Trump will benefit from 4 years of solid Dem economics that has seen inflation (a world-wide problem) drop to 2.7% and still falling, gas prices stabalising and enviable job numbers. And just like last time, Trump will come in and cut taxes for his wealthy friends and business supporters adding even more trillions to the national debt than the $4 trillion he added the last time round ($8 trillion overall), initiate a tarriff scheme that every economist has predicted to be a world-wide disaster as well as deregulation to the detriment of the environment and public health.

 

But as long as the stock market goes up then most of the Trump fans on here won't really care with their 'I'm alright Jack so <deleted> the rest of you' attitude.
  

[Thingamabob]

14 hours ago, Jingthing said:

Frankly. I'm worried.

 

 

Trump's plans are tailored towards oligarchs and inflicting pain on the masses.

I don't think we have many oligarchs here.

It's interesting to compare to Argentina who elected a Trump-like character as well for economic reasons.

But Argentina's economy has been a basket case for generations, and radical change made much better sense there.

The worse months of the inflation time under Biden would be like a pipe dream for them.

Indeed inflation is down in Argentina (still objectively quite bad though) but poverty has spiked massively as the price.

Elon Musk even before the election signaled great pain was in store for the American masses, but I don't think very many Trump voters heard that (or let it get in the way of the magical thinking about the powers of "strong man" Trump).

So more or less Argentina kind of HAD to take massive risks with their economy.

The USA most certainly didn't. On the face of it -- INSANE. 

 

 

 

 

'The USA most certainly didn't' ? You're using the past tense although Trump is not even in office. Strange..

[Walker88]

7 minutes ago, soalbundy said:

How can there be national prosperity with 36 trillion of debt and interest payments using up most of the tax revenues, to me it looks like disaster whoever is in charge.

Take a number. Many similar potential disasters out there.

 

While I have absolutely no doubt 47 will mess up the Biden Boom and drop the US into a Recession or Depression, one has to look at debt from a different perspective. Here's the Debt-to-GDP ratios of some ostensibly developed economies. In a relative sense, the US is not too bad.

 

US: 89.79%

Japan: 304.51%

Germany: 80.89%

UK: 110.76%

France: 130.17%

Italy: 175.39%

Brazil: 108.09%

Belgium: 126.06%

Spain: 137.15%

Greece: 231.76%

 

hat the US has going for it, besides being less indebted relative to Japan, the UK, France, Brazil, etc., is that it has massive capital markets where money can flow in and out easily, and has a rule of law that the rest of the world trusts.

 

Servicing debt is the key. Nobody thinks any sovereign debt of any nation will ever be repaid; it just gets rolled over and funds are printed to service it via interest payments.

 

Now here's the rub: foreign entities---govts and private corps/individuals---finance around 25% of the yearly deficit. In his earlier iteration as the supposed President, 45 said he would consider defaulting on debt owned by non-US entities. That's not good. That doesn't build confidence. If foreigners went on strike and stopped buying US paper, rates would soar, and nothing the Fed could do that would not result in wild inflation.

[wwest5829]

11 hours ago, Patong2021 said:

Why worry? Until Trump's administration enacts the legislation or imposes its edicts it's an as is operation.

 

And if the expected changes are as bad as claimed, then the outcome will be the best thing that can occur for those who are opposed to Trump.  Financial pain and disarray will  illustrate the folly of Trumpenomics. On the other hand, if the Trump policies are solid, then there will be national prosperity. Looks to me like there will be a positive outcome either way. The fact is, that trump has a mandate to act, and he will.

 

I can agree, except with the idea of a mandate which, I think would have demanded a more overwhelming popular vote in Trump’s favor. Personally, I am trying not to spin my wheels on what might be the result (my crystal ball appears quite cloudy at the moment). Rather I do favor addressing the concrete steps taken … thus Trump’s appointee are fair subjects, as are his and their public statements. While I do not agree with Rubio or Bondi politically, I cannot say they are not qualified. Other appointees are certainly to be cited as wholely unqualified. Even there I have to agree with you that if this is the Trump Administration, I see disaster … but, this is what the majority of Americans want … have at it!

[Walker88]

The "Great Disaster" that was Bidenomics delivered the highest US growth in two and a half decades, and saw unemployment drop below 4% for the longest stretch in 64 years. Since taking office and inheriting the Recession and 6.8% UE left by 45, the US grew at 3 times the rate of the average G7 nation. I guess---to quote Bill Clinton---it depends on what the meaning of 'disaster' is.

 

I fully understand that the modern tech economy requires labor bring talent and marketable skills to the table. Those who cannot do that were left out, while those who did bring those things to the table saw their wages rise and lifted overall national savings rates and spending, which is truly rare.

 

What is somewhat surprising, or maybe amusing, is that those who did not see their net worth soar under Biden failed because they lack the skills the modern economy demands, so those who diss Biden as some sort of economic failure are really admitting that THEY are the failures. Good that those who post here about how bad the Biden economy was (or rather their own ability to benefit from it) freely admit their personal shortcomings for all the community to see.

 

Now during the campaign I did hear things about Hannibal Lecter and things about Arnold Palmer's junk I never knew, but unless I missed it, I do not recall 47 outlining his plan to help those the modern economy has left behind. Maybe it's still just a concept of a plan? I know it's not "Drill, baby, drill", because under Biden the US produced more energy than it used, and still has 9000 approved drilling leases nobody has picked up.

 

His disciples can correct me i"m wrong, but I don't think massive tariffs nor military tribunals to get Liz Cheney in jail are going to help the kind of person who voted for 47. Lacking any other info about 47's plan, which no doubt "some people....many people...are saying it's the best plan they've ever heard", I have to assume his cult is chomping at the bit to get those strawberry picking jobs currently being staffed by undocumented migrants. The fresh air and exercise will be good for them, as I see from his rallies much of his supporters are on the obese side of things.

[Keep Right]

Trump won by a huge mandate to repair what Biden destroyed. Under old sleepy Joe, inflation has skyrocketed forcing many into subsistence lifestyle.

 

https://datavisualizations.heritage.org/markets-and-finance/the-biden-inflation-tracker/

[jesimps]

14 hours ago, Jingthing said:

Frankly. I'm worried.

 

 

Trump's plans are tailored towards oligarchs and inflicting pain on the masses.

I don't think we have many oligarchs here.

It's interesting to compare to Argentina who elected a Trump-like character as well for economic reasons.

But Argentina's economy has been a basket case for generations, and radical change made much better sense there.

The worse months of the inflation time under Biden would be like a pipe dream for them.

Indeed inflation is down in Argentina (still objectively quite bad though) but poverty has spiked massively as the price.

Elon Musk even before the election signaled great pain was in store for the American masses, but I don't think very many Trump voters heard that (or let it get in the way of the magical thinking about the powers of "strong man" Trump).

So more or less Argentina kind of HAD to take massive risks with their economy.

The USA most certainly didn't. On the face of it -- INSANE. 

 

 

 

 

Obviously, the bulk of US voters disagree with you and seeing your rants about President Trump and the Republicans over recent weeks, I'm very pleased that they do. 

[LosLobo]

Trump's latest pitch unveils his vision of a kleptocracy—an economy crafted for himself and his oligarch allies, modeled after Putin's playbook. And the voters who put him in power? Let them eat the hollow "cake" of culture wars......

'In a post to his Truth Social platform on Tuesday, Trump said: "Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals. GET READY TO ROCK!!!'


A government of oligarchs that will exist to solely serve the interests of oligarchs while distracting working people with culture wars," wrote former GOP adviser turned anti-Trump strategist Ron Filipkowski.

'Government of the billionaires': Trump's new pitch triggers explosive outcry

[LosLobo]

24 minutes ago, Keep Right said:

Trump won by a huge mandate to repair what Biden destroyed. Under old sleepy Joe, inflation has skyrocketed forcing many into subsistence lifestyle.

 

https://datavisualizations.heritage.org/markets-and-finance/the-biden-inflation-tracker/

Trump's 1.5% popular vote win would be considered a narrow victory compared to past U.S. presidential elections and by no stretch of the imagination a "huge mandate".

• Biden (2020): Won by 4.5%.
• Obama (2008): Won by 7.3%.
• Bush (2004): Won by 2.4%.
• Clinton (1996): Won by 8.5%.

A 1.5% win is marginal and wouldn't provide a strong mandate for sweeping policy changes, especially in such a deeply divided electorate.

Joe must have been an evil genius to orchestrate a global economic shift, ensuring the U.S. boasts one of the best inflation rates while the rest of the world struggles.
 

[Chwooly]

So now we see the other side, Before it was Trump will take away all your rights and install himself as a dictator, Now it is fear mongering on the economy. 

 

The amount of Trump will destroy the country rhetoric is astounding and yet those that hated him and did all they could to keep him from winning are now bending the knee to him. While those here that really have no skin in the game keep up the fear mongering and whining. The joy this gives me is endless. Please continue with this. My retirement account is doing better now after the election then it ever did under your hero and messiah Biden. 

 

 

[thaipo7]

15 hours ago, Jingthing said:

Frankly. I'm worried.

 

 

Trump's plans are tailored towards oligarchs and inflicting pain on the masses.

I don't think we have many oligarchs here.

It's interesting to compare to Argentina who elected a Trump-like character as well for economic reasons.

But Argentina's economy has been a basket case for generations, and radical change made much better sense there.

The worse months of the inflation time under Biden would be like a pipe dream for them.

Indeed inflation is down in Argentina (still objectively quite bad though) but poverty has spiked massively as the price.

Elon Musk even before the election signaled great pain was in store for the American masses, but I don't think very many Trump voters heard that (or let it get in the way of the magical thinking about the powers of "strong man" Trump).

So more or less Argentina kind of HAD to take massive risks with their economy.

The USA most certainly didn't. On the face of it -- INSANE. 

 

 

 

 

Good.  You have been wrong about everything the last couple years.  When you are wrong, I am right.

[nauseus]

1 hour ago, Walker88 said:

Take a number. Many similar potential disasters out there.

 

While I have absolutely no doubt 47 will mess up the Biden Boom and drop the US into a Recession or Depression, one has to look at debt from a different perspective. Here's the Debt-to-GDP ratios of some ostensibly developed economies. In a relative sense, the US is not too bad.

 

US: 89.79%

Japan: 304.51%

Germany: 80.89%

UK: 110.76%

France: 130.17%

Italy: 175.39%

Brazil: 108.09%

Belgium: 126.06%

Spain: 137.15%

Greece: 231.76%

 

hat the US has going for it, besides being less indebted relative to Japan, the UK, France, Brazil, etc., is that it has massive capital markets where money can flow in and out easily, and has a rule of law that the rest of the world trusts.

 

Servicing debt is the key. Nobody thinks any sovereign debt of any nation will ever be repaid; it just gets rolled over and funds are printed to service it via interest payments.

 

Now here's the rub: foreign entities---govts and private corps/individuals---finance around 25% of the yearly deficit. In his earlier iteration as the supposed President, 45 said he would consider defaulting on debt owned by non-US entities. That's not good. That doesn't build confidence. If foreigners went on strike and stopped buying US paper, rates would soar, and nothing the Fed could do that would not result in wild inflation.

 

Biden Boom?? US 90%??

 

Full of it as ever. US Debt-to-GDP is 123% in 2024. 

 

https://www.ceicdata.com/en/indicator/united-states/government-debt--of-nominal-gdp

 

 

[John Drake]

15 hours ago, Jingthing said:

Frankly. I'm worried.

 

 

Trump's plans are tailored towards oligarchs and inflicting pain on the masses.

I don't think we have many oligarchs here.

It's interesting to compare to Argentina who elected a Trump-like character as well for economic reasons.

But Argentina's economy has been a basket case for generations, and radical change made much better sense there.

The worse months of the inflation time under Biden would be like a pipe dream for them.

Indeed inflation is down in Argentina (still objectively quite bad though) but poverty has spiked massively as the price.

Elon Musk even before the election signaled great pain was in store for the American masses, but I don't think very many Trump voters heard that (or let it get in the way of the magical thinking about the powers of "strong man" Trump).

So more or less Argentina kind of HAD to take massive risks with their economy.

The USA most certainly didn't. On the face of it -- INSANE. 

 

 

 

 

 

I think much of what you say is correct. Biden did a relatively good job on the economy, especially reshoring and the CHIPs act. I had actually determined to support Biden over Trump, but Biden backed out. That meant a choice between Trump and Harris. Harris is horrible. She should never have been the nominee. Stupid, stupid, stupid move. Pelosi, Obama, and Schumer made this mess. Whatever happens is their fault for submarining Biden, helpless as he was, and putting up that low IQ nitwit who couldn't answer the lowest level of questions on Jeopardy if her life depended on it.

[nauseus]

1 hour ago, Walker88 said:

The "Great Disaster" that was Bidenomics delivered the highest US growth in two and a half decades, and saw unemployment drop below 4% for the longest stretch in 64 years. Since taking office and inheriting the Recession and 6.8% UE left by 45, the US grew at 3 times the rate of the average G7 nation. I guess---to quote Bill Clinton---it depends on what the meaning of 'disaster' is.

 

I fully understand that the modern tech economy requires labor bring talent and marketable skills to the table. Those who cannot do that were left out, while those who did bring those things to the table saw their wages rise and lifted overall national savings rates and spending, which is truly rare.

 

What is somewhat surprising, or maybe amusing, is that those who did not see their net worth soar under Biden failed because they lack the skills the modern economy demands, so those who diss Biden as some sort of economic failure are really admitting that THEY are the failures. Good that those who post here about how bad the Biden economy was (or rather their own ability to benefit from it) freely admit their personal shortcomings for all the community to see.

 

Now during the campaign I did hear things about Hannibal Lecter and things about Arnold Palmer's junk I never knew, but unless I missed it, I do not recall 47 outlining his plan to help those the modern economy has left behind. Maybe it's still just a concept of a plan? I know it's not "Drill, baby, drill", because under Biden the US produced more energy than it used, and still has 9000 approved drilling leases nobody has picked up.

 

His disciples can correct me i"m wrong, but I don't think massive tariffs nor military tribunals to get Liz Cheney in jail are going to help the kind of person who voted for 47. Lacking any other info about 47's plan, which no doubt "some people....many people...are saying it's the best plan they've ever heard", I have to assume his cult is chomping at the bit to get those strawberry picking jobs currently being staffed by undocumented migrants. The fresh air and exercise will be good for them, as I see from his rallies much of his supporters are on the obese side of things.

 

Idiotic ignorance of Covid cost and effect yet again.

[BigStar]

1 hour ago, Walker88 said:

The "Great Disaster" that was Bidenomics delivered the highest US growth in two and a half decades, and saw unemployment drop below 4% for the longest stretch in 64 years.

 

Fueled by massive gov't spending of borrowed money.

 

 

1 hour ago, Walker88 said:

What is somewhat surprising, or maybe amusing, is that those who did not see their net worth soar under Biden failed because they lack the skills the modern economy demands

 

Or maybe they had actual skills and Biden didn't actually grow the "modern economy" much.

 

Illegal migrants definitely saw their net worth soar while sitting in taxpayer funded hotels. So did Biden's government hires.

 

Biden Administration Job Growth Numbers Are Subsidized By Record Numbers Of Government Jobs — 25% of New Jobs Are In Government

 

And food stamp recipients did quite well.

 

Biden Boosted the Need for Food Stamps—And Calls That a “Success”

 

Sectors/industries recipients favored by the Dem political agenda did great while producing nothing.

 

Biden’s Massive EV Charging Station Failure

 

And of course the value of financial assets inflated.

 

Etc., etc.

 

Trump's challenge now is to produce real wealth instead of expanding gov't welfare in its myriad forms by just printing money. Producing real wealth means a pro-real business agenda (as opposed to fake) that Dems, including all our ace Leftist Economists here, will of course hate and so clutch their pearls, fearmonger, lie, and hand wring. Hence the OP.

 

Interest payments on the national debt top $1 trillion as deficit swells

 

https://econofact.org/the-rising-burden-of-u-s-government-debt

 

Interest Costs Just Surpassed Defense and Medicare

 

Getting over the Biden hangover won't be easy.

 

Good news: Bernie Sanders is retiring in 2030 to make Vance's job easier. 🙂 

[thaibeachlovers]

1 hour ago, soalbundy said:

How can there be national prosperity with 36 trillion of debt and interest payments using up most of the tax revenues, to me it looks like disaster whoever is in charge.

It has occurred to me that whoever was pulling Biden's strings the last couple of years determined that the economy was doomed whoever won the election and inserted a "sure to lose" candidate into the campaign, so that Trump ( and the GOP ) would be blamed for the debacle.

Whether that is true or not it does seem that chickens will be returning to roost and the sky will indeed fall, though not because of climate change.

[thaibeachlovers]

5 minutes ago, nauseus said:

 

Idiotic ignorance of Covid cost and effect yet again.

The only people that believe what the poster you responded to said are the ones that claim that Obama rescued the economy and not Trump.

Sad deluded people.

[Dan O]

1 hour ago, Walker88 said:

Take a number. Many similar potential disasters out there.

 

While I have absolutely no doubt 47 will mess up the Biden Boom and drop the US into a Recession or Depression, one has to look at debt from a different perspective. Here's the Debt-to-GDP ratios of some ostensibly developed economies. In a relative sense, the US is not too bad.

 

US: 89.79%

Japan: 304.51%

Germany: 80.89%

UK: 110.76%

France: 130.17%

Italy: 175.39%

Brazil: 108.09%

Belgium: 126.06%

Spain: 137.15%

Greece: 231.76%

 

hat the US has going for it, besides being less indebted relative to Japan, the UK, France, Brazil, etc., is that it has massive capital markets where money can flow in and out easily, and has a rule of law that the rest of the world trusts.

 

Servicing debt is the key. Nobody thinks any sovereign debt of any nation will ever be repaid; it just gets rolled over and funds are printed to service it via interest payments.

 

Now here's the rub: foreign entities---govts and private corps/individuals---finance around 25% of the yearly deficit. In his earlier iteration as the supposed President, 45 said he would consider defaulting on debt owned by non-US entities. That's not good. That doesn't build confidence. If foreigners went on strike and stopped buying US paper, rates would soar, and nothing the Fed could do that would not result in wild inflation.

Kinda hard to argue against the progress already made in the last 4 years and it will continue as a normal function of economics for a number of months under Trump although he'll try to take credit for it if it continues and blame others if he screws it up. It'll be hard to improve but easy for him to F up. 

 

Under President Biden in 2024, the U.S. economy :

Economic Growth

• GDP Growth: The U.S. economy grew at an annual rate of 2.8% in the third quarter of 2024.

Employment

• Job Creation: The economy added 16 million jobs during Biden's term, marking the highest job creation in any single presidential term.

• Unemployment Rate: The unemployment rate has remained low, contributing to a strong labor market.

Inflation

• Inflation Rate: Inflation has moderated from its peak of 9% to 2.4%, although it remains a concern for many Americans.

Consumer Spending and Income

• Personal Income: Personal income increased by 0.6% in October 2024.

• Consumer Spending: Consumer spending also saw an increase, reflecting continued economic activity.

Corporate Profits

• Corporate Profits: Corporate profits have increased by 36% during Biden's presidency.

Trade and Investment

• Trade Deficit: The U.S. current-account deficit widened to $266.8 billion in the second quarter of 2024.

• Investment: There has been substantial investment in manufacturing and clean energy, contributing to economic growth.

Other Indicators

• Health Insurance: The number of uninsured people decreased by 6.6 million.

• Crime Rates: Violent crime has decreased, with a 9.1% drop in murders from 2020 to 2023.

[Dan O]

6 minutes ago, thaibeachlovers said:

It has occurred to me that whoever was pulling Biden's strings the last couple of years determined that the economy was doomed whoever won the election and inserted a "sure to lose" candidate into the campaign, so that Trump ( and the GOP ) would be blamed for the debacle.

Whether that is true or not it does seem that chickens will be returning to roost and the sky will indeed fall, though not because of climate change.

and the excuses start already. so pathetic

[thaibeachlovers]

14 minutes ago, John Drake said:

 

I think much of what you say is correct. Biden did a relatively good job on the economy, especially reshoring and the CHIPs act. I had actually determined to support Biden over Trump, but Biden backed out. That meant a choice between Trump and Harris. Harris is horrible. She should never have been the nominee. Stupid, stupid, stupid move. Pelosi, Obama, and Schumer made this mess. Whatever happens is their fault for submarining Biden, helpless as he was, and putting up that low IQ nitwit who couldn't answer the lowest level of questions on Jeopardy if her life depended on it.

For a possible reason see my post 2 below yours. I can't believe that any sensible person actually thought she would make a good POTUS, and whatever I think of Pelosi and Obama, I don't think they are that stupid.

[nauseus]

2 minutes ago, thaibeachlovers said:

The only people that believe what the poster you responded to said are the ones that claim that Obama rescued the economy and not Trump.

Sad deluded people.

 

The so-called rescue, at least since 2008, has been enabled by endless money printing.

[thaibeachlovers]

1 minute ago, nauseus said:

 

The so-called rescue, at least since 2008, has been enabled by endless money printing.

There was a popular show host on Fox many years ago ( I forget his name ) that forsaw the US printing lots and lots and lots of paper money and the resulting inflation. He must be laughing like a drain now.

[KhunLA]

To the title ... 20+% inflation over 4 yrs is far from great.  Average 5.25% a year vs Trump's <2% a year (2016-2020).   And that's the fake inflation used for Soc Sec COLA.

 

Housing pricing the past 4 yrs,  through the roof ... yea, great economy 

 

Starting to look like TH, multiple generations living in same house, as kids can't afford their own, and live with mommy & daddy still.   Hard to go outside without seeing a tent city in every warm metro area.