The Banker
Diamond Member
- Banned
- #1
Inflation is plummeting as we speak, but republicans are desperate to try and control the narrative on inflation in an attempt to discredit Biden after 2021 was such an incredible year for the US economy.
Republicans are wrongly trying to put the blame on Biden while ignoring all the major inflationary policies of Trump.
Trump gave us the largest US debt increase in world history, giving us 25% of out total debt in just 4 years. Trump begged Congress for bigger stimulus checks and begged the FED for more stimulus. Let's not forget Trump had QE lite in Oct of 2019 because his economy was struggling. He needed inflationary fake money stimulus because his economy was fake and weak. String economies don't need this fake money stimulus that Trump demanded.
President Donald Trump, in a stunning nighttime tweet, called the $900 billion Covid relief bill passed by Congress an unsuitable “disgrace” and urged lawmakers to make changes to the measure, including bigger direct payments to individuals and families.
"I would like to see a bigger stimulus package, frankly, than either the Democrats or the Republicans are offering," Trump said in a radio interview.
Numerous times during Trump's 4 years of debt and fake money he begged the FED for not having more QE or stimulus. Trump was the king of fake money stimulus, and US debt funded spending bills.
Just last week, Trump tweeted, “The Federal Reserve is derelict in its duties if it doesn’t lower the Rate and even, ideally, stimulate.”
Trump spent his entire presidency(pre and post covid) borrowing money, increasing deficit spending, begging the FED for more fake money, increasing the deficit, and increasing tariffs (which are highly inflationary). trump ramped the US deficit from $587B/yr in 2016, up to $3+T/yr in 2020. Biden has lowered that deficit to only $1T/yr, a big drop.
Trump policy and the invasion of Ukraine are the biggest cause of inflation, the MAGA Republicans are desperate to deflect blame onto Biden and away from Trump.
www.cnbc.com
www.cnbc.com
Republicans are wrongly trying to put the blame on Biden while ignoring all the major inflationary policies of Trump.
Trump gave us the largest US debt increase in world history, giving us 25% of out total debt in just 4 years. Trump begged Congress for bigger stimulus checks and begged the FED for more stimulus. Let's not forget Trump had QE lite in Oct of 2019 because his economy was struggling. He needed inflationary fake money stimulus because his economy was fake and weak. String economies don't need this fake money stimulus that Trump demanded.
President Donald Trump, in a stunning nighttime tweet, called the $900 billion Covid relief bill passed by Congress an unsuitable “disgrace” and urged lawmakers to make changes to the measure, including bigger direct payments to individuals and families.
"I would like to see a bigger stimulus package, frankly, than either the Democrats or the Republicans are offering," Trump said in a radio interview.
Numerous times during Trump's 4 years of debt and fake money he begged the FED for not having more QE or stimulus. Trump was the king of fake money stimulus, and US debt funded spending bills.
Just last week, Trump tweeted, “The Federal Reserve is derelict in its duties if it doesn’t lower the Rate and even, ideally, stimulate.”
Trump spent his entire presidency(pre and post covid) borrowing money, increasing deficit spending, begging the FED for more fake money, increasing the deficit, and increasing tariffs (which are highly inflationary). trump ramped the US deficit from $587B/yr in 2016, up to $3+T/yr in 2020. Biden has lowered that deficit to only $1T/yr, a big drop.
Trump policy and the invasion of Ukraine are the biggest cause of inflation, the MAGA Republicans are desperate to deflect blame onto Biden and away from Trump.
Trump rails against Powell a day after the Fed cuts rates for a third time this year
Trump also tweets: "The Impeachment Hoax is hurting our Stock Market."
www.cnbc.com
Trump calls Covid relief bill unsuitable and demands Congress add bigger stimulus payments
President Trump, in a stunning tweet, called the $900 billion Covid relief bill passed by Congress an unsuitable "disgrace."
www.cnbc.com
