Mark Cuban Spells It Out; Inflation Started With Trump

[berg80]

You have to look at the root of inflation. I'll tell you exactly when the very first kernel of inflation was set. And that was in April of 2020,” Cuban said. “The gas prices were $1.87. The oil companies went to Donald Trump and said, ‘We are getting crushed with gas prices at $1.87. Please go to Saudi Arabia and your friend MBS [Prime Minister of Saudi Arabia Mohammed bin Salman Al Saud], please go to Russia and your friend Vladimir Putin and ask them to reduce production.’”

“So he had a choice to make: Does he help his oil company cronies or does he help keep gas prices low?” Cuban continued. “You already know what he did. He went to support his oil company cronies, went to MBS and Putin and said, please reduce production.

That was the day inflation started. And you can track—minute by minute, hour by hour, month by month, year by year, quarter by quarter,” Cuban explained, saying that the gas prices and inflation rates only began going down when that deal ended in 2022.

Mark Cuban spells it out: Inflation 'started with Donald Trump'

Billionaire Mark Cuban appeared on NewsNation's preelection town hall Wednesday to argue that electing Democratic presidential nominee Kamala Harris would be better for the economy than another term ...

www.dailykos.com

One of the ignored contributors (by Repubs) to inflation was the Fed's miscalculation that inflation would be "transitory." They began the tightening cycle too late allowing inflation to get a foothold. Then came the massive supply chain disruption leaving the world unprepared when the world's economies ramped up again.

 

[Toddsterpatriot]

You have to look at the root of inflation. I'll tell you exactly when the very first kernel of inflation was set. And that was in April of 2020,” Cuban said. “The gas prices were $1.87. The oil companies went to Donald Trump and said, ‘We are getting crushed with gas prices at $1.87. Please go to Saudi Arabia and your friend MBS [Prime Minister of Saudi Arabia Mohammed bin Salman Al Saud], please go to Russia and your friend Vladimir Putin and ask them to reduce production.’”

“So he had a choice to make: Does he help his oil company cronies or does he help keep gas prices low?” Cuban continued. “You already know what he did. He went to support his oil company cronies, went to MBS and Putin and said, please reduce production.

That was the day inflation started. And you can track—minute by minute, hour by hour, month by month, year by year, quarter by quarter,” Cuban explained, saying that the gas prices and inflation rates only began going down when that deal ended in 2022.

Mark Cuban spells it out: Inflation 'started with Donald Trump'

Billionaire Mark Cuban appeared on NewsNation's preelection town hall Wednesday to argue that electing Democratic presidential nominee Kamala Harris would be better for the economy than another term ...

www.dailykos.com

“So he had a choice to make: Does he help his oil company cronies or does he help keep gas prices low?” Cuban continued. “You already know what he did. He went to support his oil company cronies, went to MBS and Putin and said, please reduce production.

That's awful!
What sick, twisted reason would Trump have to do that?
What was the price of oil when he did?

That was the day inflation started.

He did it while Biden was President? Sneaky!

 

[ColonelAngus]

COVID NEVER HAPPENED.

WE DIDNT PRINT MONEY AND SHUT DOWN PRODUCTION.

You lefties are FOS.

IT IS ALL TRUMP’S FAULT!

 

[ColonelAngus]

When more dollars chase fewer goods, you get inflation.

It is actually Fauci’s fault and China if you want to get down to it.

 

[Toddsterpatriot]

When more dollars chase fewer goods, you get inflation.

It is actually Fauci’s fault and China if you want to get down to it.

The Fed started raising rates before Trump even took office.
They should have started raising rates much, much sooner under Biden.
Before all of Biden's stupid spending and policy idiocy boosted inflation through the roof.

 

[imawhosure]

I'm very thankful to Cuban for what he's doing this election cycle, but the roots of the inflation spike go back far before Trump. Trump just added fuel to the fire because he wanted "his numbers" to look better. And because he's flagrantly ignorant on macroeconomics.

Here's a stellar interview with Sam Harris and Mark Cuban about Trump:

Sam Harris/Mark Cuban

COVID NEVER HAPPENED.

WE DIDNT PRINT MONEY AND SHUT DOWN PRODUCTION.

You lefties are FOS.

IT IS ALL TRUMP’S FAULT!

Listen all...........the Charming and Delightful MACAFLOOZY has spun his thinking.

He thanks the superstar, Mark Cuban, lol. (you guys pay to bring him in, we want him to talk)

These people are FLOOZIES, INCOMPETENTS, and have zero to do with how the US was set up.

MACAFLOOZY is a ZERO. I have no problem with him/her putting forth their ideas; but the problem is with FLOOZY and his/her friends, is that they must BREAK THE LAW, to get their way!

Notice if you will, they COULD change the law, but will not try!

Why?

Because if they try and FAIL, they are politically SCREWED!

MACAFLOOZY is a phony, because he/she knows they have no way to convince you to see it THEIR way, unless you are on the fringe.

FACT----------->If YOU vote, MACAFLOOZY, IM2aracist, etc are DONE!

How bad do you want this..........or rather, are you willing to put up with their arrogance for 4 more years if you do not vote!

I know they are losing badly, they know they are losing badly, and all you have to do to smoke them is vote!

They are hoping you don't! Want to lose your country? Listen to them!

UP TO YOU!

 

[Seymour Flops]

I don’t know why Democrats even run for president anymore. When they win and inherit a strong economy, they are always victimized by the horrible policies of their GOP predecessors timed to take effect only after the Dim takes office.

Devilishly clever of those Republicans!

 

[berg80]

The Fed started raising rates before Trump even took office.
They should have started raising rates much, much sooner under Biden.
Before all of Biden's stupid spending and policy idiocy boosted inflation through the roof.

The Fed began raising rates during Obama's admin as the economy recovered from Shrub's financial crisis. One lengthened by congressional Repub sabotage. Then rates plummeted, as they should have, when COVID hit.

It was the Fed's mistake, thinking inflation would not last, that contributed greatly to its rise. Inflation being a global phenomenon due to supply chain disruptions followed by too slow a recovery when the world's economies opened up after the discovery of the vaccine.

 

[BackAgain]

Cuban is wrong.

Historical U.S. Inflation Rate by Year: 1929 to 2025

By looking at the inflation rate each year, you can gain insight into how prices changed and how events around the globe impacted the average U.S. consumer.

www.investopedia.com

 

[Toddsterpatriot]

The Fed began raising rates during Obama's admin as the economy recovered from Shrub's financial crisis. One lengthened by congressional Repub sabotage. Then rates plummeted, as they should have, when COVID hit.

It was the Fed's mistake, thinking inflation would not last, that contributed greatly to its rise. Inflation being a global phenomenon due to supply chain disruptions followed by too slow a recovery when the world's economies opened up after the discovery of the vaccine.

The Fed began raising rates during Obama's admin as the economy recovered

After 7 years of Obama's weakest recovery in history.

 

[August West]

I have yet to see anyone deny that we've had a big inflationary spike.

Not sure why this would even be in question.

How many of them are aware that the inflation has been global? Only the people who actually read about global issues know this.

Rising inflation is a global problem: U.S. policy choices are not to blame

Consumer price data for June 2022 showed another month of rapid inflation, with overall inflation rising 9.1% year-over-year and core inflation (which doesn’t include volatile energy and food prices) rising by 5.9%. This level of inflation has obviously become a major political issue this year...

www.epi.org

What Explains Global Inflation

This paper examines the drivers of fluctuations in global inflation, defined as a common factor across monthly headline consumer price index (CPI) inflation in G7 countries, over the past half-century.

www.worldbank.org

 

[Mac1958]

How many of them are aware that the inflation has been global? Only the people who actually read about global issues know this.

They remain blissfully and aggressively ignorant about what caused the global inflation -- $11+ trillion dollars in cumulative artificial stimulus, the collapse of weakened global supply chains coming out of the lockdowns, and a Fed that waited far too long to act.

They've been told, by the voices they trust, that the GLOBAL inflation was all Joe's and Kamala's fault. That's it. THEY did it. THOSE two. And really, it was Kamala. And the rubes believe it without question.

Everything else to them is just fake news.

As usual.

 

[Toddsterpatriot]

They remain blissfully and aggressively ignorant about what caused the global inflation -- $11+ trillion dollars in cumulative artificial stimulus, the collapse of weakened global supply chains coming out of the lockdowns, and a Fed that waited far too long to act.

American actions, including those by the Fed and the Biden administration caused US inflation.

Why shouldn't Joe and Kamala be faulted for US inflation?

 

[Soupnazi630]

You have to look at the root of inflation. I'll tell you exactly when the very first kernel of inflation was set. And that was in April of 2020,” Cuban said. “The gas prices were $1.87. The oil companies went to Donald Trump and said, ‘We are getting crushed with gas prices at $1.87. Please go to Saudi Arabia and your friend MBS [Prime Minister of Saudi Arabia Mohammed bin Salman Al Saud], please go to Russia and your friend Vladimir Putin and ask them to reduce production.’”

“So he had a choice to make: Does he help his oil company cronies or does he help keep gas prices low?” Cuban continued. “You already know what he did. He went to support his oil company cronies, went to MBS and Putin and said, please reduce production.

That was the day inflation started. And you can track—minute by minute, hour by hour, month by month, year by year, quarter by quarter,” Cuban explained, saying that the gas prices and inflation rates only began going down when that deal ended in 2022.

Mark Cuban spells it out: Inflation 'started with Donald Trump'

Billionaire Mark Cuban appeared on NewsNation's preelection town hall Wednesday to argue that electing Democratic presidential nominee Kamala Harris would be better for the economy than another term ...

www.dailykos.com

He spells nothing oiut

he spews uninformed opinion

 

[Mashmont]

You have to look at the root of inflation. I'll tell you exactly when the very first kernel of inflation was set. And that was in April of 2020,” Cuban said. “The gas prices were $1.87. The oil companies went to Donald Trump and said, ‘We are getting crushed with gas prices at $1.87. Please go to Saudi Arabia and your friend MBS [Prime Minister of Saudi Arabia Mohammed bin Salman Al Saud], please go to Russia and your friend Vladimir Putin and ask them to reduce production.’”

“So he had a choice to make: Does he help his oil company cronies or does he help keep gas prices low?” Cuban continued. “You already know what he did. He went to support his oil company cronies, went to MBS and Putin and said, please reduce production.

That was the day inflation started. And you can track—minute by minute, hour by hour, month by month, year by year, quarter by quarter,” Cuban explained, saying that the gas prices and inflation rates only began going down when that deal ended in 2022.

Mark Cuban spells it out: Inflation 'started with Donald Trump'

Billionaire Mark Cuban appeared on NewsNation's preelection town hall Wednesday to argue that electing Democratic presidential nominee Kamala Harris would be better for the economy than another term ...

www.dailykos.com

Cuban's envy of this great man knows no bounds.

 

[Missouri_Mike]

You have to look at the root of inflation. I'll tell you exactly when the very first kernel of inflation was set. And that was in April of 2020,” Cuban said. “The gas prices were $1.87. The oil companies went to Donald Trump and said, ‘We are getting crushed with gas prices at $1.87. Please go to Saudi Arabia and your friend MBS [Prime Minister of Saudi Arabia Mohammed bin Salman Al Saud], please go to Russia and your friend Vladimir Putin and ask them to reduce production.’”

“So he had a choice to make: Does he help his oil company cronies or does he help keep gas prices low?” Cuban continued. “You already know what he did. He went to support his oil company cronies, went to MBS and Putin and said, please reduce production.

That was the day inflation started. And you can track—minute by minute, hour by hour, month by month, year by year, quarter by quarter,” Cuban explained, saying that the gas prices and inflation rates only began going down when that deal ended in 2022.

Mark Cuban spells it out: Inflation 'started with Donald Trump'

Billionaire Mark Cuban appeared on NewsNation's preelection town hall Wednesday to argue that electing Democratic presidential nominee Kamala Harris would be better for the economy than another term ...

www.dailykos.com

How retarded do you have to be to think Mark Cuban is intelligent?

 

[Mac-7]

Mark Cuban has severe TDS.

Mark cuban is a proud member of The More Money Than Brains Club

 

[Toddsterpatriot]

You have to look at the root of inflation. I'll tell you exactly when the very first kernel of inflation was set. And that was in April of 2020,” Cuban said. “The gas prices were $1.87. The oil companies went to Donald Trump and said, ‘We are getting crushed with gas prices at $1.87. Please go to Saudi Arabia and your friend MBS [Prime Minister of Saudi Arabia Mohammed bin Salman Al Saud], please go to Russia and your friend Vladimir Putin and ask them to reduce production.’”

“So he had a choice to make: Does he help his oil company cronies or does he help keep gas prices low?” Cuban continued. “You already know what he did. He went to support his oil company cronies, went to MBS and Putin and said, please reduce production.

That was the day inflation started. And you can track—minute by minute, hour by hour, month by month, year by year, quarter by quarter,” Cuban explained, saying that the gas prices and inflation rates only began going down when that deal ended in 2022.

Mark Cuban spells it out: Inflation 'started with Donald Trump'

Billionaire Mark Cuban appeared on NewsNation's preelection town hall Wednesday to argue that electing Democratic presidential nominee Kamala Harris would be better for the economy than another term ...

www.dailykos.com

“So he had a choice to make: Does he help his oil company cronies or does he help keep gas prices low?” Cuban continued. “You already know what he did. He went to support his oil company cronies, went to MBS and Putin and said, please reduce production.

That's awful!
What sick, twisted reason would Trump have to do that?
What was the price of oil when he did?

That was the day inflation started.

He did it while Biden was President? Sneaky!

That was the day inflation started. And you can track—minute by minute, hour by hour, month by month, year by year, quarter by quarter,” Cuban explained, saying that the gas prices and inflation rates only began going down when that deal ended in 2022.

Poor powerless Biden, couldn't end the deal any earlier.
Maybe he should have sent Kamala, in 2021, to make the deal permanent?
She's such a clown; it would have ended instantly.

 

[Contumacious]

You have to look at the root of inflation. I'll tell you exactly when the very first kernel of inflation was set. And that was in April of 2020,” Cuban said. “The gas prices were $1.87. The oil companies went to Donald Trump and said, ‘We are getting crushed with gas prices at $1.87. Please go to Saudi Arabia and your friend MBS [Prime Minister of Saudi Arabia Mohammed bin Salman Al Saud], please go to Russia and your friend Vladimir Putin and ask them to reduce production.’”

“So he had a choice to make: Does he help his oil company cronies or does he help keep gas prices low?” Cuban continued. “You already know what he did. He went to support his oil company cronies, went to MBS and Putin and said, please reduce production.

That was the day inflation started. And you can track—minute by minute, hour by hour, month by month, year by year, quarter by quarter,” Cuban explained, saying that the gas prices and inflation rates only began going down when that deal ended in 2022.

Mark Cuban spells it out: Inflation 'started with Donald Trump'

Billionaire Mark Cuban appeared on NewsNation's preelection town hall Wednesday to argue that electing Democratic presidential nominee Kamala Harris would be better for the economy than another term ...

www.dailykos.com

Pure Unadulterated Bullshit .

The Socialists who called themselves "progressives" in 1913 , created the Marxist Federal Reserve Board in order to create "an elastic currency"

""To furnish an elastic currency" essentially means that the Federal Reserve is responsible for ensuring that there are sufficient reserves—cash in bank vaults and bank deposits at the Fed—to satisfy the flow of transactions in the American economy. By including this clause in the Federal Reserve Act of 1913, the drafters sought to provide stability to the nation's payments system and to preserve the public's confidence in it."

Federal Reserve and the Payments System | St. Louis Fed

The Fed’s too-little, too-late actions during the Great Depression failed to save the banking and payments systems from widespread panic.

www.stlouisfed.org

 

[OKTexas]

You have to look at the root of inflation. I'll tell you exactly when the very first kernel of inflation was set. And that was in April of 2020,” Cuban said. “The gas prices were $1.87. The oil companies went to Donald Trump and said, ‘We are getting crushed with gas prices at $1.87. Please go to Saudi Arabia and your friend MBS [Prime Minister of Saudi Arabia Mohammed bin Salman Al Saud], please go to Russia and your friend Vladimir Putin and ask them to reduce production.’”

“So he had a choice to make: Does he help his oil company cronies or does he help keep gas prices low?” Cuban continued. “You already know what he did. He went to support his oil company cronies, went to MBS and Putin and said, please reduce production.

That was the day inflation started. And you can track—minute by minute, hour by hour, month by month, year by year, quarter by quarter,” Cuban explained, saying that the gas prices and inflation rates only began going down when that deal ended in 2022.

Mark Cuban spells it out: Inflation 'started with Donald Trump'

Billionaire Mark Cuban appeared on NewsNation's preelection town hall Wednesday to argue that electing Democratic presidential nominee Kamala Harris would be better for the economy than another term ...

www.dailykos.com

Oil company profits dipped in 2020 due to no one driving during Covid, they rebounded in 2021 when people started going back to work. Prices spiked under xiden.