It is already happening, inflation, get ready for Trump inflation.

[krichton]

Harris claims Trump lost manufacturing jobs. Is that true? Here's a fact check.

Harris often cites accurate figures but omits that the pandemic caused manufacturing job losses in Trump's final year in office.

www.cbsnews.com

Missing a little context there...
By March 2020, the U.S. had seen a net gain of over 350,000 manufacturing job gains during Trump's term in office.

Bureau of Labor Statistics Data

data.bls.gov

That's was a debunked Harris lie....debunked by even CBS

Harris claims Trump lost manufacturing jobs. Is that true? Here's a fact check.

Harris often cites accurate figures but omits that the pandemic caused manufacturing job losses in Trump's final year in office.

www.cbsnews.com

Obama created 900,000 manufacturing jobs and job growth was on a steady wave, both up and down going into the Trump administration. Trump simply rode the wave for his first 2+ years in office to the same pattern. Same with inflation and gas prices which were very low the last 2 years under Obama. Any blind deaf and dumb fool stumbling into the oval office could have taken credit for those 350k manufacturing jobs.

"According to the Bureau of Labor Statistics, or BLS, Harris' tally is largely correct; by the time Trump left office in January 2021, the U.S. had 178,000 fewer manufacturing jobs than when his presidency began."

^^^ from your link

She didn't quite lie, but she did overexaggerate. It was 178k, not 200k. Either way, that's not even my argument. I don't care about that, I only care about the enormous loss of 48k jobs a year before covid, something that wasn't supposed to happen with Trump's tax cuts for the rich which were going to create tons of jobs, or so he claimed. Tons of manufacturing jobs were lost after the tax cuts.

 

[krichton]

Yes the outflow of offshoring is difficult to cope with. Will take years to turn around and should be met with financial penalties. Don't worry it's coming.

Years? Nearly 800,000 manufacturing jobs were created under Biden. Two thirds of which were those returning from the pandemic, which leaves 200,000 new manufacturing jobs. These types of gains have historically been very rare after the type of economic downturn we had with covid, which is why it's the best in 72 years.

 

[struth]

Obama created 900,000 manufacturing jobs and job growth was on a steady wave, both up and down going into the Trump administration. Trump simply rode the wave for his first 2+ years in office to the same pattern. Same with inflation and gas prices which were very low the last 2 years under Obama. Any blind deaf and dumb fool stumbling into the oval office could have taken credit for those 350k manufacturing jobs.

"According to the Bureau of Labor Statistics, or BLS, Harris' tally is largely correct; by the time Trump left office in January 2021, the U.S. had 178,000 fewer manufacturing jobs than when his presidency began."

^^^ from your link

She didn't quite lie, but she did overexaggerate. It was 178k, not 200k. Either way, that's not even my argument. I don't care about that, I only care about the enormous loss of 48k jobs a year before covid, something that wasn't supposed to happen with Trump's tax cuts for the rich which were going to create tons of jobs, or so he claimed. Tons of manufacturing jobs were lost after the tax cuts.

She didn't overexaggerate anything, she provided misinformation. Which is the same as lying

Obama's record on manufactoring jobs? hahah....the jobs he claimed Trump would need to waive a magic wand to bring back?

Obama's Record on Manufacturing Jobs - FactCheck.org

White House Press Secretary Josh Earnest said that 805,000 manufacturing jobs have been created since President Barack Obama has been in office. In fact, there has been a net loss of 303,000 manufacturing jobs since January 2009.

www.factcheck.org

Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
He LOST manufactoring JOBs

The Trump Manufacturing Jobs Boom: 10 Times Obama's Over 21 Months

Comparing the last 21 months of the Obama administration with the first 21 months of Trump’s, shows that under Trump’s watch, more than 10 times the number of manufacturing jobs were added.

www.forbes.com

The Trump Manufacturing Jobs Boom: 10 Times Obama's Over 21 Months​

At a town hall in June 2016, President Obama famously said that some manufacturing jobs “are just not going to come back.” He went on to mock then-candidate Trump by saying he’d need a “magic wand” to make good on this manufacturing job promises.

Months later, as the shock of a President-elect Donald Trump was still being absorbed, New York Times columnist and economist Paul Krugman tweeted on November 25, 2016, “Nothing policy can do will bring back those lost jobs. The service sector is the future of work; but nobody wants to hear it.”

Well, a funny thing happened—Trump’s policies, and just as importantly, the expectation of Trump’s policies, ignited a manufacturing resurgence.

In the first 21 months of the Trump presidency, nonfarm employment grew by a seasonally adjusted 2.6%. In the same period, manufacturing employment grew by 3.1%, reversing the trend under Obama when overall employment grew faster than employment in the manufacturing sector.

 

[krichton]

She didn't overexaggerate anything, she provided misinformation. Which is the same as lying

Obama's record on manufactoring jobs? hahah....the jobs he claimed Trump would need to waive a magic wand to bring back?

Obama's Record on Manufacturing Jobs - FactCheck.org

White House Press Secretary Josh Earnest said that 805,000 manufacturing jobs have been created since President Barack Obama has been in office. In fact, there has been a net loss of 303,000 manufacturing jobs since January 2009.

www.factcheck.org

Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
He LOST manufactoring JOBs

The Trump Manufacturing Jobs Boom: 10 Times Obama's Over 21 Months

Comparing the last 21 months of the Obama administration with the first 21 months of Trump’s, shows that under Trump’s watch, more than 10 times the number of manufacturing jobs were added.

www.forbes.com

The Trump Manufacturing Jobs Boom: 10 Times Obama's Over 21 Months​

At a town hall in June 2016, President Obama famously said that some manufacturing jobs “are just not going to come back.” He went on to mock then-candidate Trump by saying he’d need a “magic wand” to make good on this manufacturing job promises.

Months later, as the shock of a President-elect Donald Trump was still being absorbed, New York Times columnist and economist Paul Krugman tweeted on November 25, 2016, “Nothing policy can do will bring back those lost jobs. The service sector is the future of work; but nobody wants to hear it.”

Well, a funny thing happened—Trump’s policies, and just as importantly, the expectation of Trump’s policies, ignited a manufacturing resurgence.

In the first 21 months of the Trump presidency, nonfarm employment grew by a seasonally adjusted 2.6%. In the same period, manufacturing employment grew by 3.1%, reversing the trend under Obama when overall employment grew faster than employment in the manufacturing sector.

In January 2009, the economy was already undergoing the great recession and in a complete freefall. Millions of manufacturing jobs were lost under W. Imagine the largest company in the world being completely run into the ground to the point of bankruptcy, and continuing to bleed out and then someone is tasked to take over and after a few years get it back to around 60% of what it was once was. Would it be a fair and honest argument to say, the new management "lost" 40% of the assets of the company. Like holy shit, use your brain. You can criticize the new guy for not doing a better job because of whatever policies he enacted to help that company, but saying he "lost" jobs or assets that were already disappearing by the tens of thousands while he was just walking to the oval office for the first time is the height of dishonesty. Obama like Trump rode the wave of his last predecessor, but unlike Trump, Obama didn't have a stable economy to feed off of. He had to rebuild something that already been destroyed. Even a monkey at the head of a successful business can keep it steady for a little while because of the team of people around you. But then Trump enacted his tax cuts for the rich and then quickly proceeded to lose 48,000 manufacturing jobs. Something which was the antithesis of what his tax cuts were supposed to do.

Chuck Devore is some texas republican GOP stooge. You can't prove that Trump's deregulation policies created 450,000 jobs. That's just ridiculous. George W literally used the exact same playbook. He lost a mountain of jobs when he did it. This isn't some proven be all method for job creation.

 

[struth]

In January 2009, the economy was already undergoing the great recession and in a complete freefall. Millions of manufacturing jobs were lost under W. Imagine the largest company in the world being completely run into the ground to the point of bankruptcy, and continuing to bleed out and then someone is tasked to take over and after a few years get it back to around 60% of what it was once was. Would it be a fair and honest argument to say, the new management "lost" 40% of the assets of the company. Like holy shit, use your brain. You can criticize the new guy for not doing a better job because of whatever policies he enacted to help that company, but saying he "lost" jobs or assets that were already disappearing by the tens of thousands while he was just walking to the oval office for the first time is the height of dishonesty. Obama like Trump rode the wave of his last predecessor, but unlike Trump, Obama didn't have a stable economy to feed off of. He had to rebuild something that already been destroyed. Even a monkey at the head of a successful business can keep it steady for a little while because of the team of people around you. But then Trump enacted his tax cuts for the rich and then quickly proceeded to lose 48,000 manufacturing jobs. Something which was the antithesis of what his tax cuts were supposed to do.

Chuck Devore is some texas republican GOP stooge. You can't prove that Trump's deregulation policies created 450,000 jobs. That's just ridiculous. George W literally used the exact same playbook. He lost a mountain of jobs when he did it. This isn't some proven be all method for job creation.

look you already got caught spreading lies and disinformation
Liar

 

[Toddsterpatriot]

In January 2009, the economy was already undergoing the great recession and in a complete freefall. Millions of manufacturing jobs were lost under W. Imagine the largest company in the world being completely run into the ground to the point of bankruptcy, and continuing to bleed out and then someone is tasked to take over and after a few years get it back to around 60% of what it was once was. Would it be a fair and honest argument to say, the new management "lost" 40% of the assets of the company. Like holy shit, use your brain. You can criticize the new guy for not doing a better job because of whatever policies he enacted to help that company, but saying he "lost" jobs or assets that were already disappearing by the tens of thousands while he was just walking to the oval office for the first time is the height of dishonesty. Obama like Trump rode the wave of his last predecessor, but unlike Trump, Obama didn't have a stable economy to feed off of. He had to rebuild something that already been destroyed. Even a monkey at the head of a successful business can keep it steady for a little while because of the team of people around you. But then Trump enacted his tax cuts for the rich and then quickly proceeded to lose 48,000 manufacturing jobs. Something which was the antithesis of what his tax cuts were supposed to do.

Chuck Devore is some texas republican GOP stooge. You can't prove that Trump's deregulation policies created 450,000 jobs. That's just ridiculous. George W literally used the exact same playbook. He lost a mountain of jobs when he did it. This isn't some proven be all method for job creation.

In January 2009, the economy was already undergoing the great recession and in a complete freefall.

The recession ended in June 2009.

 

[dudmuck]

look you already got caught spreading lies and disinformation
Liar

 

[struth]

We aren’t doing that

 

[justoffal]

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

www.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.

https://www.reuters.com/markets/us/us-fiscal-health-risks-increase-after-trump-election-says-moodys-2024-11-08/

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.

Wow this aged like hot milk....smells that way too!

 

[Cellblock2429]

Wow this aged like hot milk....smells that way too!

/-----/

 

[IM2]

Biden left Trump a great economy with inflation lowering. Talk about this next year.

 

[Couchpotato]

Biden left Trump a great economy with inflation lowering. Talk about this next year.

The voters disagreed

 

[John Edgar Slow Horses]

The voters disagreed

Almost half did not, and they are busy messing up much of Don's programs.

 

[Soupnazi630]

Biden left Trump a great economy with inflation lowering. Talk about this next year.

no he really did not

 

[otto105]

Biden left Trump a great economy with inflation lowering. Talk about this next year.

Hell 3 months if Shitler! puts more tariffs on.

 

[IM2]

The voters disagreed

49 percent of the voters aren't a majority. And the facts showed that Biden did leave Trump a great economy no matter what you think. The voters made a mistake. Realize that just because a person wins, doesn't mean the right choice was made.

 

[Couchpotato]

49 percent of the voters aren't a majority. And the facts showed that Biden did leave Trump a great economy no matter what you think. The voters made a mistake. Realize that just because a person wins, doesn't mean the right choice was made.

Is Trump your President or not? Your boy lost. Cry more

 

[Couchpotato]

Almost half did not, and they are busy messing up much of Don's programs.

Is Trump President or are you an election denier?

 

[IM2]

Is Trump your President or not? Your boy lost. Cry more

Trump is President number 47.

Biden left Trump a great economy. That's just the way it is. And trump might just mess it up.

I didn't lose anything. I didn't run for president. But your choice was a mistake and you're going to learn that.

 

[Couchpotato]

Trump is President number 47.

Cool so you and I are in agreement that the voters don't agree with all the bullshit you posted below...

Biden left Trump a great economy. That's just the way it is. And trump might just mess it up.

I didn't lose anything. I didn't run for president. But your choice was a mistake and you're going to learn that.