It is already happening, inflation, get ready for Trump inflation.
- Thread starter Winston
- Start date
SweetTea
Diamond Member
- May 10, 2015
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Economists warn Trump’s policies will trigger inflation
US president-elect won on claims he could rid of high prices yet many analysts think he will do the oppositewww.ft.com
I have been pretty busy since election day, but today I stayed home and did some research.
I posted a couple of threads during the presidential race indicating that Trump's proposals were highly inflationary, but I didn't think it would start this quickly. Let's look at some of his priorities and how they will impact inflation. Let us start with making the Trump taxcuts permanent.
That proposal alone adds one trillion dollars a year to the deficit. Just to let you know, the deficit for the 2024 budget was projected at 1.8 trillion. That is more than a fifty percent increase, think that might be inflationary? Does anyone think there will be a one trillion dollar reduction in spending? Seriously?
Outside of cutting SNAP benefits, eliminating free lunch programs for millions of indigent children, eliminating aid to Ukraine, and eliminating the Department of Education, I don't see any real proposals to cut spending. And the later, well it is going to end up costing all of us through higher property and sales taxes.
Listening to Trump on the campaign trail, well he leads you to believe that the entire budget of the Department of Education is spent on the salaries of bureaucrats. That is just not the case. The federal government accounts for over ten percent of the funding of public schools, and in low-income and rural areas it is much higher. If that is eliminated it will have to be replaced, at least to some degree. That means you are going to pay for it through higher local and state taxes.
Then there are tariffs. I mean you are living in a fantasy world if you believe what Trump says, those foreign countries will pay the cost. It just doesn't work that way, it is basic Macroeconomics. Sure, it might motivate more people to "buy American", but then again, why should we need tariffs for that? What happened to patriotism? Walmart famously tried the concept, posting American made signs beside merchandise made in America. That went over like a turd in a punchbowl and was quickly eliminated. Nobody really cared, they wanted cheap. Well, those tariffs will take "cheap" off the table.
Then there is that mass deportation. Sounds good. Russia and Germany sure bud liked the idea before and during WWII. But that comes at a cost, and it severely cuts the labor force. And sorry, some jobs Americans are not going to do no matter how much they get paid. I mean around here there is a huge immigrant labor force working the fields. They drive Hummers and F-250's, obviously they are making good money. You are looking at food shortages for everything from tomatoes to leaf lettuce. That is going to drive prices up.
But anyways, like I said, it has already started. This morning the first thing I thought of was the rating agencies. I was like, damn, they need to make a statement. Warn of a downgrade if Trump's initiatives are carried out. Well damn, they have.
And mortgage rates, yep, done deal.
Mortgage rates surge higher on Trump victory, causing housing stocks to fall
Lennar, D.R. Horton and PulteGroup were all down Wednesday. Retailers Home Depot and Lowe’s were also lower.www.nbcnewyork.com
I wish, I wish, I wish I were a fish. You got it Mr. Limpet, and it ain't going to be pretty.
Are these the same geniuses that called the Biden inflation transitory? Those economists?
Votto
Diamond Member
- Oct 31, 2012
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Neither party gives a damn about the debt.Economists warn Trump’s policies will trigger inflation
US president-elect won on claims he could rid of high prices yet many analysts think he will do the opposite
I have been pretty busy since election day, but today I stayed home and did some research.
I posted a couple of threads during the presidential race indicating that Trump's proposals were highly inflationary, but I didn't think it would start this quickly. Let's look at some of his priorities and how they will impact inflation. Let us start with making the Trump taxcuts permanent.
That proposal alone adds one trillion dollars a year to the deficit. Just to let you know, the deficit for the 2024 budget was projected at 1.8 trillion. That is more than a fifty percent increase, think that might be inflationary? Does anyone think there will be a one trillion dollar reduction in spending? Seriously?
Outside of cutting SNAP benefits, eliminating free lunch programs for millions of indigent children, eliminating aid to Ukraine, and eliminating the Department of Education, I don't see any real proposals to cut spending. And the later, well it is going to end up costing all of us through higher property and sales taxes.
Listening to Trump on the campaign trail, well he leads you to believe that the entire budget of the Department of Education is spent on the salaries of bureaucrats. That is just not the case. The federal government accounts for over ten percent of the funding of public schools, and in low-income and rural areas it is much higher. If that is eliminated it will have to be replaced, at least to some degree. That means you are going to pay for it through higher local and state taxes.
Then there are tariffs. I mean you are living in a fantasy world if you believe what Trump says, those foreign countries will pay the cost. It just doesn't work that way, it is basic Macroeconomics. Sure, it might motivate more people to "buy American", but then again, why should we need tariffs for that? What happened to patriotism? Walmart famously tried the concept, posting American made signs beside merchandise made in America. That went over like a turd in a punchbowl and was quickly eliminated. Nobody really cared, they wanted cheap. Well, those tariffs will take "cheap" off the table.
Then there is that mass deportation. Sounds good. Russia and Germany sure bud liked the idea before and during WWII. But that comes at a cost, and it severely cuts the labor force. And sorry, some jobs Americans are not going to do no matter how much they get paid. I mean around here there is a huge immigrant labor force working the fields. They drive Hummers and F-250's, obviously they are making good money. You are looking at food shortages for everything from tomatoes to leaf lettuce. That is going to drive prices up.
But anyways, like I said, it has already started. This morning the first thing I thought of was the rating agencies. I was like, damn, they need to make a statement. Warn of a downgrade if Trump's initiatives are carried out. Well damn, they have.
And mortgage rates, yep, done deal.
Mortgage rates surge higher on Trump victory, causing housing stocks to fall
Lennar, D.R. Horton and PulteGroup were all down Wednesday. Retailers Home Depot and Lowe’s were also lower.
I wish, I wish, I wish I were a fish. You got it Mr. Limpet, and it ain't going to be pretty.
What we did not need is soul crushing Kamala taxes along with it.
Agreed. People don't need to sacrifice nor endure any hardship economically because rich folk tell us we should.
whitehall
Diamond Member
What economists? Why didn't they warn us about the Biden inflation trend? You almost have to feel sorry for the desperate left these days
Votto
Diamond Member
- Oct 31, 2012
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America has the largest debt in human history. How they keep it all together is but a mystery to me. Far lesser debts have destroyed other countries.
I reckon it is only a matter of time, and probably have a Republican in their to blame it all on when it happens so that the DNC can seize power once the country implodes.
Um if someone is “warning” about something then it isn’t happening.Economists warn Trump’s policies will trigger inflation
US president-elect won on claims he could rid of high prices yet many analysts think he will do the opposite
I have been pretty busy since election day, but today I stayed home and did some research.
I posted a couple of threads during the presidential race indicating that Trump's proposals were highly inflationary, but I didn't think it would start this quickly. Let's look at some of his priorities and how they will impact inflation. Let us start with making the Trump taxcuts permanent.
That proposal alone adds one trillion dollars a year to the deficit. Just to let you know, the deficit for the 2024 budget was projected at 1.8 trillion. That is more than a fifty percent increase, think that might be inflationary? Does anyone think there will be a one trillion dollar reduction in spending? Seriously?
Outside of cutting SNAP benefits, eliminating free lunch programs for millions of indigent children, eliminating aid to Ukraine, and eliminating the Department of Education, I don't see any real proposals to cut spending. And the later, well it is going to end up costing all of us through higher property and sales taxes.
Listening to Trump on the campaign trail, well he leads you to believe that the entire budget of the Department of Education is spent on the salaries of bureaucrats. That is just not the case. The federal government accounts for over ten percent of the funding of public schools, and in low-income and rural areas it is much higher. If that is eliminated it will have to be replaced, at least to some degree. That means you are going to pay for it through higher local and state taxes.
Then there are tariffs. I mean you are living in a fantasy world if you believe what Trump says, those foreign countries will pay the cost. It just doesn't work that way, it is basic Macroeconomics. Sure, it might motivate more people to "buy American", but then again, why should we need tariffs for that? What happened to patriotism? Walmart famously tried the concept, posting American made signs beside merchandise made in America. That went over like a turd in a punchbowl and was quickly eliminated. Nobody really cared, they wanted cheap. Well, those tariffs will take "cheap" off the table.
Then there is that mass deportation. Sounds good. Russia and Germany sure bud liked the idea before and during WWII. But that comes at a cost, and it severely cuts the labor force. And sorry, some jobs Americans are not going to do no matter how much they get paid. I mean around here there is a huge immigrant labor force working the fields. They drive Hummers and F-250's, obviously they are making good money. You are looking at food shortages for everything from tomatoes to leaf lettuce. That is going to drive prices up.
But anyways, like I said, it has already started. This morning the first thing I thought of was the rating agencies. I was like, damn, they need to make a statement. Warn of a downgrade if Trump's initiatives are carried out. Well damn, they have.
And mortgage rates, yep, done deal.
Mortgage rates surge higher on Trump victory, causing housing stocks to fall
Lennar, D.R. Horton and PulteGroup were all down Wednesday. Retailers Home Depot and Lowe’s were also lower.
I wish, I wish, I wish I were a fish. You got it Mr. Limpet, and it ain't going to be pretty.
EvilCat Breath
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- Sep 23, 2016
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Votto
Diamond Member
- Oct 31, 2012
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Biden at first blamed Putin for the inflation. There was some truth to this, but not to blame for most of it. The global Covid shutdowns drove a lot of the inflation combined with the global war on fossil fuels, which is why the problem is a global one. Add to the fact all the spending, and there ya go!
Then Biden later said he cannot control inflation.
Then Biden came out with his inflation bill after saying he could not control inflation.
Then Biden later publicly lamented that his inflation bill was really about climate change and had nothing to do with inflation.
Independent thinker
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- Oct 15, 2015
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Already happening? Did you forget Biden was still president?Economists warn Trump’s policies will trigger inflation
US president-elect won on claims he could rid of high prices yet many analysts think he will do the opposite
I have been pretty busy since election day, but today I stayed home and did some research.
I posted a couple of threads during the presidential race indicating that Trump's proposals were highly inflationary, but I didn't think it would start this quickly. Let's look at some of his priorities and how they will impact inflation. Let us start with making the Trump taxcuts permanent.
That proposal alone adds one trillion dollars a year to the deficit. Just to let you know, the deficit for the 2024 budget was projected at 1.8 trillion. That is more than a fifty percent increase, think that might be inflationary? Does anyone think there will be a one trillion dollar reduction in spending? Seriously?
Outside of cutting SNAP benefits, eliminating free lunch programs for millions of indigent children, eliminating aid to Ukraine, and eliminating the Department of Education, I don't see any real proposals to cut spending. And the later, well it is going to end up costing all of us through higher property and sales taxes.
Listening to Trump on the campaign trail, well he leads you to believe that the entire budget of the Department of Education is spent on the salaries of bureaucrats. That is just not the case. The federal government accounts for over ten percent of the funding of public schools, and in low-income and rural areas it is much higher. If that is eliminated it will have to be replaced, at least to some degree. That means you are going to pay for it through higher local and state taxes.
Then there are tariffs. I mean you are living in a fantasy world if you believe what Trump says, those foreign countries will pay the cost. It just doesn't work that way, it is basic Macroeconomics. Sure, it might motivate more people to "buy American", but then again, why should we need tariffs for that? What happened to patriotism? Walmart famously tried the concept, posting American made signs beside merchandise made in America. That went over like a turd in a punchbowl and was quickly eliminated. Nobody really cared, they wanted cheap. Well, those tariffs will take "cheap" off the table.
Then there is that mass deportation. Sounds good. Russia and Germany sure bud liked the idea before and during WWII. But that comes at a cost, and it severely cuts the labor force. And sorry, some jobs Americans are not going to do no matter how much they get paid. I mean around here there is a huge immigrant labor force working the fields. They drive Hummers and F-250's, obviously they are making good money. You are looking at food shortages for everything from tomatoes to leaf lettuce. That is going to drive prices up.
But anyways, like I said, it has already started. This morning the first thing I thought of was the rating agencies. I was like, damn, they need to make a statement. Warn of a downgrade if Trump's initiatives are carried out. Well damn, they have.
And mortgage rates, yep, done deal.
Mortgage rates surge higher on Trump victory, causing housing stocks to fall
Lennar, D.R. Horton and PulteGroup were all down Wednesday. Retailers Home Depot and Lowe’s were also lower.
I wish, I wish, I wish I were a fish. You got it Mr. Limpet, and it ain't going to be pretty.
Winston
Platinum Member
- Thread starter
- #32
Yes, ending wars would save some money, in the short term. Specifically, I am talking about Ukraine. The German coalition government collapsed last week. They are the second largest provider of aid to Ukraine, behind the US. Trump will negotiate a ceasefire, and he will pronounce himself God afterwards. But he is a fool. Putin will negotiate , but it won't be what you think. He will agree to a ceasefire. He will agree to creating a DMZ at the current border. But Trump will agree that Ukraine can't lobby to join NATO for two decades. All aid to Ukraine will cease. Russia will rearm, rebuild their military. Before the end of Trump's term, Russia will be in Kiev and there will be no Ukraine.
It lowers it. Immediately.
- Apr 11, 2023
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Nope. Disagree. Why would there be fewer goods?
Mr. Friscus
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- Dec 28, 2020
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“Woke leftist economists (who have years of angry tweets, posts, and articles hating Trump) say Trumps economy won’t be good!”
Winston
Platinum Member
- Thread starter
- #39
Insane claim. First, the companies have to replace those retired workers. You think they can replace them on the cheap? What, were you an executive at Circuit City? Second, those workers have to be trained, is that shit free. Are companies going to eat the cost or pass it on? Damn but the stupidity in this thread is mindnumbing.
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