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

[nauseus]

7 minutes ago, thaibeachlovers said:

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.

 

Well the crazy low interest rates helped to  keep inflation down for years, but in the background the debt in all classes kept rising relentlessly and I think it is debt that has to burst the big bubble eventually. But that can keeps rolling down the road.

[Dan O]

1 hour ago, KhunLA said:

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.

 

Quote real facts not made up bs cherry picked info 

[KhunLA]

33 minutes ago, Dan O said:

Quote real facts not made up bs cherry picked info 

Please point out what is made up.  COLA are actually, and I don't think I need to explain how the housing market pricing has skyrocketed the last 4 yrs.

 

Everyday living cost is what affects most citizens.  They are not happy, or better off than they were 4 years ago.  Biden has failed miserably.   Even saw a thread stating he won the 'worst president' label for the past few decades.   There's an honor worth shouting about.

 

Didn't cherry pick anything, simply stated the facts 

 

source

[spidermike007]

This is such a complicated formula, first of all the economy in America is not great, the stock market is high, and the real estate prices are high, but in general prices are very high, wages have stagnated, and 70% of the American population is having a very difficult time getting by. So even though my politics align with yours I did not like the Biden economic agenda. The second thing to consider is that even though Trump was a nightmare candidate the alternative was terrible, so the Dems are largely to blame for the loss. Harris was a terrible candidate, and she was a terrible selection, and the message was all wrong.

 

Can Trump fix any of the issues that he's been discussing? I doubt it, he's not a very capable businessman, he's not particularly smart, and his tariff plan is dumber than dirt. We'll see. I'm hoping that I might be pleasantly surprised by something that he gets done, but I'm not expecting much. And I'm hoping that he's not as destructive as I think he might be. 

[impulse]

1 hour ago, KhunLA said:

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

 

I found out this week that my niece's home doubled in value.  Win, right?

 

Now she can't afford to live there.  Insurance has doubled to keep up with the value, as have the property taxes. She can't afford the higher costs.

 

So she has to sell it.

 

[frank83628]

2 hours ago, LosLobo said:

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

You comment ost and credabitily after you mentioned Putin. Screetchy far left nonsense.

 

So companies investing the US and creading Jobs for US citizenis a bad thing?

[KhunLA]

8 minutes ago, impulse said:

 

I found out this week that my niece's home doubled in value.  Win, right?

 

Now she can't afford to live there.  Insurance has doubled to keep up with the value, as have the property taxes. She can't afford the higher costs.

 

So she has to sell it.

 

No problem, BlackRock will scoop it up.

 

Soon they'll be the landlord of all, part of the 'New World Order' ...

 

... part of why I left in 2000 😎

[G_Money]

18 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. 

 

 

 

 

Only ignorant fools would believe the Biden economy would be better than Trump’s.

 

How easy the fools forget about record inflation, record high gasoline, record high mortgage rates.  Record high groceries.

 

Supply chain issues.  Shipping overloading the LA/San Pedro harbor waiting to be offloaded.

 

The list goes on.

[sqwakvfr]

When was the last time one went to a store for basic goods in the US? I did. Back in mid September 2024.  The economic numbers are good and so are the prices of everyday necessities like food.  I didn't even look at things like meat, chicken or even fish.  Eating out even at fast food places made me pause a little.  Cheapest lunch I found was a single cheeseburger, fries and a drink was just under $10. This was at In N Out.  The most expensive lunch at a fast food place was at Chipotle (Chicken Burrito and a drink was almost $17). I talked to some of the people I used to know and one was actually honest and sometimes his family pays for groceries with a credit card.  This usually happens before pay day. Aggregate economic numbers sound great but sometimes they do not tranlate to the daily challenges of most Americans. 

On a positive note my favorit wine (Charles Buck) at Trader Joe's was still a bargain at $3.99 a bottle.  It used to $1.99 to $2.49 a bottle.  The prices of other things was not so pleasant.  

[Dan O]

1 hour ago, KhunLA said:

Please point out what is made up.  COLA are actually, and I don't think I need to explain how the housing market pricing has skyrocketed the last 4 yrs.

 

Everyday living cost is what affects most citizens.  They are not happy, or better off than they were 4 years ago.  Biden has failed miserably.   Even saw a thread stating he won the 'worst president' label for the past few decades.   There's an honor worth shouting about.

 

Didn't cherry pick anything, simply stated the facts 

 

source

You don't factor in the impact of what Trump did in his last service and the carry on effect that lasts for months afterward. His handling of covid set the stage for the massive inflation many like to blame Biden for. Certainly he didn't create covid but his handling of it was horrible. He ignored warnings at the onset from China at the very beginning  and he is the one the started the funding for vaccine development under Warp Speed ignoring normal protocols and encouraged the Fed Reserve on monetary policy. Don't forget the debacle in most every agency where he appointed unqualified individuals to run them and his back channel disclosure of sensitive information to his ambassadors in Europe in unsecured communication.  So yeah you're cherry picking your data and not including significant issues or the recovery to job creation and reversal of unemployment among other issues. But you go with your narrative if that makes you feel better.  Here's a little perspective of who you worship 

[Dan O]

1 hour ago, KhunLA said:

No problem, BlackRock will scoop it up.

 

Soon they'll be the landlord of all, part of the 'New World Order' ...

 

... part of why I left in 2000 😎

And there goes the little credibility you had