Trump Policy has Given us this Inflation

[22lcidw]

except the official data that came out friday that said core PCE is down to +0.1% MoM

you are in denial

Reality is the costs increasing to live. Joe is a globalist guy. Tell me how you get manufacturing employment to come here if you do not put tariffs on foreign products. Joe lies and lies as he remove the Trump tariffs. The real inflation is at least twice as high as the Social Security people are going to get this year in the COLA increase. They are lying. they lie and lie and lie and lie.

 

[Meister]

you are comparing a time when nobody was flying at all due to the pandemic, to a time where everybody wanted to travel because the world re-opened and Biden defeated covid.

You are lying and misleading everybody, with lies. You are desperate to blame Biden for Trumpflation, when trump's failed policies caused this Trumpflation.

Weird that Biden's poll numbers are under water with his handling of the economy.
Everybody hears about 'Bidenomics' and not 'trumpflation'.

You calling others "liars" is hilarious when it's just that you don't like to hear dissent of your own lies.

 

[Kilroy2]

Still dodging, why?

Once again, for your convenience.

Specifically, please. What is the source of every dime paid in taxes by a corporation?

why because it is an obvious answer that even you would know. So why don't you tell me what are the sources and stop dodging.

If ;you dodge then I will dodge.

 

[Kilroy2]

The average top corporate rate among EU27 countries is 21.16 percent, 23.57 percent in OECD countries, and 32 percent in the G7.

Top rate in the G7 used to be the US at 35%.

View attachment 835995

Now it looks like the average is about 26%.

North America is countries in that continent. As well as G7 have more than one country.

Anyway

Corporate profits have generally risen. Yes there have been dips but they have recovered and continue the climb.

So is The Tax rate really holding them back. Its not. The tax rate just affects whether the income that will be given to corporate execs and share holders is more or less. It is also a tool used to keep the corporation from leaving to another country.

Countries cut their tax rates in an effort to attract business to their country. They are multinational corporations.

Tax rates also amongst the various countries is based on the countries wealth. The US would have higher rates than most countries based on the strength of the currency.

Analogy would be do rich people really need to live in mansions. They pay more for it, including taxes. They pay for it because they have the money. Paying more does not bother them.

increase income for the government benefits the people and the government.


Reducing taxes will only benefit the top executives and share holders.

 

[Toddsterpatriot]

Trump gave us 25% of our total debt in just 4 years.
Trump started with a $600B deficit and ramped that up to $1T/yr precovid, then ramped it even more post covid, begging Congress for even more stimulus and money handouts
Trump also had insane world record FED fake money printing

I would love for somebody to explain to us how doing all that would not cause inflation?? DeSantis said it best in the debate, Trump had $7T in debt and caused the inflation we have now.

LUCKILY, Biden has lowered the mega massive Trump deficit of $3+T/yr down to $1.3T/yr last year. Biden also has Quantitative Tightening, removing all the fake money Trump needed from the system.
For these reasons inflation has plummeted and is now down to a little +0.1% MoM in core PCE, the FED's target. Now that inflation is coming in at the FED's target, they will be able to cut rates, we will have a soft landing, and the economy will boom like it did in 1995 after Bill Clinton's Soft Landing.

Biden is taming Tumpflation and lowered it all the way down to +0.1% MoM, reversed Trump's massive fake money printing, and has the economy ready for a Bill Clinton soft landing boom.

View attachment 836721

View attachment 836722

President Trump has Signed $4.7 Trillion of Debt into Law | Committee for a Responsible Federal Budget

2020-01-08-Our US Budget Watch 2020 project analyzes, estimates, and explains the fiscal implications of proposals introduced during the presidential campaigns.

www.crfb.org

Trump gave us 25% of our total debt in just 4 years.

Obama gave us 50% of our total debt in just 8 years.

 

[Toddsterpatriot]

The big take away is:
Rate cuts are coming and Biden is setting up for a Bill Clinton style boom

Another Internet Bubble on the way?

 

[Toddsterpatriot]

How do you blame Pelosi when trump signed all those bills and the GOP Senate passed all those bills

Wasn't it the Pelosi House signing those bills too?

 

[Toddsterpatriot]

Consumer spending and confidence are up. Unemployment is down. Deficit is reducing. Manufacturing is up.

Which part of the economy is bad again?

And as for your chart, the economy doesn't work that fast. The economy we see today is still reacting to changes made months and sometimes even years ago. This is tRumpflation, make no mistake.

Deficit is reducing.

Isn't the deficit going to be near $2 trillion this year?

 

[Toddsterpatriot]

The Senate and President also control the purse strings.

The Senate and president had the authority to vote against Trump's big time spending, but they did the opposite and tried to get even more spending.

Trump has final say on everything. Bill Clinton vetoed bad budgets and force the House to make a balanced budget, thus giving Bill Clinton the only balanced budget in a long time. Bill Clinton gave us the balanced budget, because he used the veto.

Republicans always need to blame others for their policy.

Trump is most responsible for his massive debt and deficits (and therefor inflation), you just can't admit it

The Pelosi House had the authority to vote against Trump's big time spending, but they did the opposite and tried to get even more spending.

 

[Toddsterpatriot]

Hey liar, you are quoting the non-core data, which is not used by the FED and not an accurate representation of the whole picture.

You are posting misleading BS, most likely from fake Fox news
What you seem to realize is that the FED bases its policy decisions on the core PCE, not the non-core, and they will cut rates if core PCE is at the same levels.

He quoted the data, which is a more accurate representation of the whole picture.

More accurate because it includes food and energy.

 

[Toddsterpatriot]

North America is countries in that continent. As well as G7 have more than one country.



You didn't put a source.

Well they are average of a group of countries.

It was your source.

 

[Kilroy2]

Corporate profits have generally risen based on the graph in my previous post. Yes there have been dips but they have recovered and continue the climb.

So is The Tax rate really holding them back. Its not. The tax rate just affects whether the income will be given to corporate execs and share holders is more or less. It is also a tool used to keep the corporation from leaving to another country.

Countries cut their tax rates in an effort to attract business to their country. Some are multinational corporations. They pay taxes in both countries.

Tax rates also amongst the various countries is based on the countries wealth. The US would have higher rates than most countries based on the strength of the currency.

Analogy would be do rich people really need to live in mansions. They pay more for it, including taxes. They pay for it because they have the money. Paying more does not bother them.

increase income for the government benefits the people and the government.


Reducing taxes will only benefit the top executives and share holders.

 

[Toddsterpatriot]

Corporate profits have generally risen based on the graph in my previous post. Yes there have been dips but they have recovered and continue the climb.

So is The Tax rate really holding them back. Its not. The tax rate just affects whether the income will be given to corporate execs and share holders is more or less. It is also a tool used to keep the corporation from leaving to another country.

Countries cut their tax rates in an effort to attract business to their country. Some are multinational corporations. They pay taxes in both countries.

Tax rates also amongst the various countries is based on the countries wealth. The US would have higher rates than most countries based on the strength of the currency.

Analogy would be do rich people really need to live in mansions. They pay more for it, including taxes. They pay for it because they have the money. Paying more does not bother them.

increase income for the government benefits the people and the government.


Reducing taxes will only benefit the top executives and share holders.

So is The Tax rate really holding them back. Its not.

Did any corporation ever move operations out of a high tax jurisdiction to a low tax one?

Tax rates also amongst the various countries is based on the countries wealth.

Huh?

Reducing taxes will only benefit the top executives and share holders.

That's awful! I hate it when my shares get more valuable.

 

[Kilroy2]

So is The Tax rate really holding them back. Its not.

Did any corporation ever move operations out of a high tax jurisdiction to a low tax one?

Tax rates also amongst the various countries is based on the countries wealth.

Huh?

Reducing taxes will only benefit the top executives and share holders.

That's awful! I hate it when my shares get more valuable.

corporate profit has grown even with the tax rate in previous years.

Corporation moving to another country is to take advantage of cheap labor and lower taxes

So it benefits shareholders and company executives.. as I mentioned earlier.

 

[Crepitus]

Deficit is reducing.

Isn't the deficit going to be near $2 trillion this year?

And is still less than it could be thanks to the administrations policies.

 

[The Banker]

Trump gave us 25% of our total debt in just 4 years.

Obama gave us 50% of our total debt in just 8 years.

Obama inherited $1+T/yr deficit from his retard predecessor AND he also inherited a Bushed up mega recession, the worst recession since the failed GOP gave us the Great depression. Its always the republicans that destroy America, they've been doing it for 100+ years. Always the republicans fucking everything up. But you already know that.

Obama lowered the deficit substantially by the end of his presidency, which you already know.

Trump did the opposite, he increased the deficit massively and took the $600B/yr deficit and blew it up to $3+T/yr, which you already know, because you've been schooled repeatedly.


The big distinction, democrats always lower deficits, always lower them.
Republicans always inc deficits, they make them larger, but you already know this.

You can spin the facts anyway you want, but in the end the constant remains:

Republicans only increase deficits, democrats only decrease them, which you already know. For that reason the republicans own this debt (and inflation) because they caused it.

 

[The Banker]

And is still less than it could be thanks to the administrations policies.

less than what Trump had at the end of his presidency

The republicans are a total joke. Both Bush and Trump increased the deficit massively, both Obama and Biden lowered the deficit massively, then they have the nerve to complain about deficits.

They caused the problem and complain when the dems don't fix their problem fast enough.

 

[Toddsterpatriot]

corporate profit has grown even with the tax rate in previous years.

Corporation moving to another country is to take advantage of cheap labor and lower taxes

So it benefits shareholders and company executives.. as I mentioned earlier.

corporate profit has grown even with the tax rate in previous years.

It's not supposed to grow every year?

Corporation moving to another country is to take advantage of cheap labor and lower taxes

Yes. So why not have competitive tax rates?

So it benefits shareholders and company executives.. as I mentioned earlier.

Yeah, that's awful. LOL!

 

[Toddsterpatriot]

And is still less than it could be thanks to the administrations policies.

How are wasteful spending policies making the deficit lower?

 

[Toddsterpatriot]

Obama inherited $1+T/yr deficit from his retard predecessor AND he also inherited a Bushed up mega recession, the worst recession since the failed GOP gave us the Great depression. Its always the republicans that destroy America, they've been doing it for 100+ years. Always the republicans fucking everything up. But you already know that.

Obama lowered the deficit substantially by the end of his presidency, which you already know.

Trump did the opposite, he increased the deficit massively and took the $600B/yr deficit and blew it up to $3+T/yr, which you already know, because you've been schooled repeatedly.


The big distinction, democrats always lower deficits, always lower them.
Republicans always inc deficits, they make them larger, but you already know this.

You can spin the facts anyway you want, but in the end the constant remains:

Republicans only increase deficits, democrats only decrease them, which you already know. For that reason the republicans own this debt (and inflation) because they caused it.

Yes, Obama's slowest recovery ever was a big help for deficit reduction. LOL!

Trump did the opposite, he increased the deficit massively and took the $600B/yr deficit and blew it up to $3+T/yr,

Pandemic.

What's your excuse going to be for Biden's $2 trillion deficit this year?

Republicans only increase deficits, democrats only decrease them, which you already know.

I've seen your lie before.