Has inflation hurt your lifestyle? Under Trump, inflation would soar!

[Luckyone]

And if Kamala botches foreign policy and triggers WWIII, which is entirely possible, we really will be in danger of death.

At least that is only a possibility. With Trump, it is a certainty.

 

[Man With A Plan]

Food, in 2020.....Let's say $500 for the month.
Food, in 2024.....Let's say $650 for the month.

That's $150 additional dollars

Gas, in 2020.....Lets say $300 for the month.
Gas, in 2020.....Let's say $400 for the month.

That's $100 additional dollars, $250 for Food and Gas.

Energy, in 2020....Let's say $150 for the month.
Energy, in 2024.....Lets say $200 for the month.

Add $50, so $300 for Food, Gas, and Energy.

Housing: No change.....I'm sure Taxes went up, so let's say $50.
Entertainment: Savings Here.....No Movies, no sporting events,
probably a savings of $100 per month.

So Housing and Entertainment: Savings of $50.

So now we subtract $50, and it's an additional $250 for the above.
Let's just double all of that so the numbers are inflated to $500.

$500 more per month, times 3.5 years =. $21,000
And that's only because I doubled it to please you.

So, in reality, over the last 3.5 years, I'd say it costs us an additional $12-15 Thousand.

Not $44,000.

At least that is only a possibility. With Trump, it is a certainty.

LOL...with Trump we didn't get any new wars breaking out. Under Biden/Harris you've got major conflicts erupting in Ukraine and the Middle East. Trump actually had Arab nations signing peace accords with Israel. Have you watched the news today? Iran fired ballistic missiles at Israel...something it's never done before. That's what weak leadership gets you.

 

[ActionJackson]

All the Trump supporters have been using inflation as a weapon against Biden and Harris. What they would get under a Trump administration is more inflation and an spiraling down economy.


On Bloomberg TV this morning, Jay Pelonsky said the exact same thing (inflation would soar and the economy would tank if Trump wins).

Who is Jay Pelonski?

Jay Pelosky is the founder of TPW Advisory. He has over 35 years of buy-side and sell-side financial market experience. Before going independent, Jay was at Morgan Stanley, where he was ranked #1 by Institutional Investor in Global Equity Strategy and Global Asset Allocation Strategy.

Wrong! Cutting taxes is the number one, best stimulus package. Becoming energy independent creates jobs and lowers the cost of fuel and energy. When the cost of fuel goes down so does the cost of goods. Securing the border is good for American workers and American taxpayers.

Only a complete imbecile would think that making America great is a bad thing.

 

[Luckyone]

LOL...with Trump we didn't get any new wars breaking out. Under Biden/Harris you've got major conflicts erupting in Ukraine and the Middle East. Trump actually had Arab nations signing peace accords with Israel. Have you watched the news today? Iran fired ballistic missiles at Israel...something it's never done before. That's what weak leadership gets you.

How much have salaries increased since 2020?

Since February 2020, the Consumer Price Index has climbed a cumulative 20.8%, according to Bureau of Labor Statistics data. Over that same period, average hourly earnings rose 22.3%.

That is an overall gain and not a loss.

 

[Winco]

No insurance?

Sure, it was $33 per month, and now it's $37 per month.
I found this number irrelevant, so I excluded it.
Might not be the case for you, but it's relatively the same for me.

Oh yeah, there is home and auto.
Home is built into my escrow payment, and they haven't raised my payment since.
Auto, yup, that probably went up too.

How about my wages.
They went up.....does that count?

Bottom line is this......DENY it all you want.

1). The amount of money in my checking and savings has increased, regardless of this terrible WW inflation.

2). The amount in my retirement accounts have increased greatly.

3). The COLA in my retirement checked increased.

4). MY Part time 24 hour a week job mores more now than 4 years ago.

Put all of that together, Yes, inflation is real and things cost more.
But, I'm still saving more than 4 years ago.

 

[DigitalDrifter]

Dimocrats haven't shown any concern for inflation these last awful four years, so I'm not sure why they would care now.

 

[Winco]

Dimocrats haven't shown any concern for inflation these last awful four years, so I'm not sure why they would care now.

Because inflation was caused by COVID and Greed.

trump failed in the COVID response.
REMEMBER....... "No, I don't take ANY responsibility at ALL." djt

 

[JohnDB]

In Trump's first year in office....2025

There will be a huge bout of increased inflation.

Strong dollar policies traded in for weak dollar policies will cause huge amounts of inflation for imported goods. Then Trump is planning on some hefty tariffs which will increase costs of imported goods even more. To where American industries and businesses can export goods once again.

 

[DigitalDrifter]

Because inflation was caused by COVID and Greed.

trump failed in the COVID response.
REMEMBER....... "No, I don't take ANY responsibility at ALL." djt

Yeah, because it came from Wuhan, so there was no reason for Trump to take any responsibility for it.

 

[Winco]

Yeah, because it came from Wuhan, so there was no reason for Trump to take any responsibility for it.

Yeah, trump lead our Nation into confusion, anger, defiance, and disrespect with his Failed COVID response.
He was responsible for the COVID response here in the USA, and he fucked it up the best he could.

 

[RoshawnMarkwees]

Ignore isn't enough. This forum needs an extermination feature.

 

[Luckyone]

Dimocrats haven't shown any concern for inflation these last awful four years, so I'm not sure why they would care now.

No concern? then why has our inflation dropped much more than the other G7 countries?

 

[Lisa558]

Four years ago I could wear my Jewish Star in public, and my friend could look at Chanukah decorations at the store without getting harassed. Another friend didn’t have to pull her kid out of a liberal public school because he was being bullied for being Jewish.

 

[Independent thinker]

All the Trump supporters have been using inflation as a weapon against Biden and Harris. What they would get under a Trump administration is more inflation and an spiraling down economy.


On Bloomberg TV this morning, Jay Pelonsky said the exact same thing (inflation would soar and the economy would tank if Trump wins).

Who is Jay Pelonski?

Jay Pelosky is the founder of TPW Advisory. He has over 35 years of buy-side and sell-side financial market experience. Before going independent, Jay was at Morgan Stanley, where he was ranked #1 by Institutional Investor in Global Equity Strategy and Global Asset Allocation Strategy.

Ummmmmmmmmmmmmmm, let's see, Trump was already in there for four years. Inflation added up to about 10% during his four years. Biden/Harris inflation has been about 25% in less than four years. So, we already know what both Trump and Harris's inflation numbers would look like.

 

[Luckyone]

Ummmmmmmmmmmmmmm, let's see, Trump was already in there for four years. Inflation added up to about 10% during his four years. Biden/Harris inflation has been about 25% in less than four years. So, we already know what both Trump and Harris's inflation numbers would look like.

This is going to be my last post about inflation to anyone. I am tired of the ignorance that shown by Trumpers regarding inflation. Inflation was caused by the PANDEMIC!!! and not by Biden/Harris. In addition, Biden has done better in getting inflation down than any other G7 country and Trumpers give him no credit for that.

End of story for me. Think whatever garbage you want to think. Facts regarding the causes of the higher inflation do not support you blaming Biden for it. There are a lot of things in play that had nothing to do with Biden. In fact, some of those factors that made the pandemic worse were due to Trump, meaning that Trump had more blame in the inflation going up as high as it did than Biden.

 

[JoeMoma]

Four years ago unemployment reached 10.3%

Those people couldn't afford to pay their bills without a government bail out.

Now those 14 million are working, and not on the government dole.

They're certainly better off.

Biden won because of Covid. Biden was able to hide in the basement. Before the lock downs the economy was humming.

 

[Pellinore]

This is going to be my last post about inflation to anyone. I am tired of the ignorance that shown by Trumpers regarding inflation. Inflation was caused by the PANDEMIC!!! and not by Biden/Harris. In addition, Biden has done better in getting inflation down than any other G7 country and Trumpers give him no credit for that.

End of story for me. Think whatever garbage you want to think. Facts regarding the causes of the higher inflation do not support you blaming Biden for it. There are a lot of things in play that had nothing to do with Biden. In fact, some of those factors that made the pandemic worse were due to Trump, meaning that Trump had more blame in the inflation going up as high as it did than Biden.

I'm not going to spend a lot of time here either, because I've seen this in other threads and on other sites, but Luckyone is correct.

Inflation hit the whole world hard, mostly because of Covid-powered supply-line disruptions, and because of Putin's invasion of Ukraine, which spiked wheat costs. The US has recovered better than any other G7 nation, and now many aspects of our economy are far past their pre-Covid levels. The Dow, for example, was at about 29,000 before Covid; now, it's at 42K. How's your 401(k)?

It sucks that we have to pay three dollars for a dozen eggs instead of two, but if we — mostly the Biden adminstration that I know so many of you hate — hadn't handled it so well, maybe we'd be paying four.

 

[Mashmont]

All the Trump supporters have been using inflation as a weapon against Biden and Harris. What they would get under a Trump administration is more inflation and an spiraling down economy.


On Bloomberg TV this morning, Jay Pelonsky said the exact same thing (inflation would soar and the economy would tank if Trump wins).

Who is Jay Pelonski?

Jay Pelosky is the founder of TPW Advisory. He has over 35 years of buy-side and sell-side financial market experience. Before going independent, Jay was at Morgan Stanley, where he was ranked #1 by Institutional Investor in Global Equity Strategy and Global Asset Allocation Strategy.

It dind't soar the first time. Why would it soar now?

 

[Luckyone]

It dind't soar the first time. Why would it soar now?

I already answered that exact question on this thread. See post #30

 

[Mashmont]

I already answered that exact question on this thread. See post #30

The great man understands economics and markets like no other. He will reign in inflation.