AntonToo
Diamond Member
- Jun 13, 2016
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Trump Policy has Given us this Inflation
- Thread starter The Banker
- Start date
AntonToo
Diamond Member
- Jun 13, 2016
- 35,277
- 10,787
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Yep, I know you have your foregone conclusions no matter what data or facts.
National Average Gas Price In 2019
For those who think it's easier to annoy you than to Google 'National average gas price in 2019' themselves.
AntonToo
Diamond Member
- Jun 13, 2016
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View attachment 823675
National Average Gas Price In 2019
For those who think it's easier to annoy you than to Google 'National average gas price in 2019' themselves.letmegooglethat.com
Yep, just as I thought - you are full of shit, comparing your high Labor Day local price to cheaper 2019 annual average national price.
Are you just stupid or think everyone else is?
Apples to apples we are talking about a ~50 cents (+20%) of REAL difference between 2019 and 2023 gasoline cost.
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- Banned
- #205
These stupid uneducated Moon Bats, that don't know jackshit about Economics, are so confused that they don't know that every bit of Potatohead's massive inflation that he has inflicted on us for the last 2.5 years is not going away. The prices will stay up and the fact the rate of inflation is going slightly down doesn't do anything to restore what we had when Trump was President.
Only idiots voted for Potatohead. That is a fact.
Only idiots voted for Potatohead. That is a fact.
The average yearly inflation rate over last 63 years, since 1960 is 3.8%. about .6% higher than it is today. The only reason we are having this discussion is because next year is national election. Is government responsible for inflation? Yes. Is corporate greed responsible? Yes. However the major cause of inflation is the American consumer whose desire for good and services do adjust with supply and demand.
Only 2 years in last 60 years has inflation every decreased. However, after adjusting for inflation, today's average hourly wage has just about the same purchasing power as then.
The fact is inflation and deflation are natural parts of a capitalist economy. The US establishment of the Federal Reserve and giving it the power to regulate the economy has largely eliminated the boom and bust economy which was an economic hallmark of the19th century.
The emphases on growth has lead to policies that are inflationary, however the Fed has in most cases been able to curtail high inflation as they have done over the last 18 months. Their ability to avoid recession is not that good.
- Banned
- #208
The fact is prices were substantially lower when Trump was President and now they are sky high.
Potatohead did that to us with out of control government spending and no excuses or denial from you stupid uneducated Moon Bats will change the facts.
Businesses have always raised prices whenever it is clear that it will increase profits. Likewise, they have always lower prices whenever it was necessary to remaining competitive. When businesses raise prices due to lack of completion, the public is outraged but when over competition forces businesses to cut prices till they no longer can make a profit the public is quite happy.
Trump's overall inflation rate during his presidency was 4.1%. Currently the inflation rate is 3.18%. The Fed target for 2023 is 3.9% and 3.4% for 2024. A year from now, the Republican party line will not include inflation.
US Inflation Rate Monthly Analysis: Consumer Price Index | YCharts
In depth view into US Inflation Rate including historical data from 1914 to 2025, charts and stats.
ycharts.com
Biden likely doesn’t deserve the blame for the inflation’s rise; he also can’t credibly claim to be responsible when it goes back down. He could have done a few things differently, but it would have had minimal effect on the inevitable demand that occurred after Covid. Nearly every advanced economy has been experiencing higher inflation than it did prior to the pandemic, irrespective of the political leanings of the party in power.
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Trump's overall inflation rate during his presidency was 4.1%. Currently the inflation rate is 3.18%. The Fed target for 2023 is 3.9% and 3.4% for 2024. A year from now, the Republican party line will not include inflation.
US Inflation Rate Monthly Analysis: Consumer Price Index | YCharts
In depth view into US Inflation Rate including historical data from 1914 to 2025, charts and stats.
AntonToo
Diamond Member
- Jun 13, 2016
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Nope, not true:
2017 - 2.13%
2018 - 2.44%
2019 - 1.81%
2020 - 1.23%
U.S. Inflation Rate 1960-2025 | MacroTrends
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
www.macrotrends.net
We can have our own opinons, but not facts.
Toddsterpatriot
Diamond Member
What's the average since 1990?
I was wrong, I must of compared overall to yearly average. However, the current inflation rate of 3.18% is less than half what it was a year ago and is less than the long term rate of 3.28. If the Fed projection for inflation rates for 2023 and 2024 are correct, inflation will not be a campaign issue next year.Nope, not true:
2017 - 2.13%
2018 - 2.44%
2019 - 1.81%
2020 - 1.23%
U.S. Inflation Rate 1960-2025 | MacroTrends
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
We can have our own opinons, but not facts.
US Inflation Rate Monthly Analysis: Consumer Price Index | YCharts
In depth view into US Inflation Rate including historical data from 1914 to 2025, charts and stats.
ycharts.com
The Banker
Diamond Member
- Thread starter
- Banned
- #215
Trump's policies caused this inflation
Trump had world record mega debt and deficit.
Trump gave us 25% of our total debt in just 4 years
Trump had world record fake money handouts
Trump begged the FED for more fake money printing in 2019 and in 2020.
If a president prints $trillions, hands out $trillions, and has 25% of oour total debt in just 4 years, that will cause serious inflastion, and it did.
Biden has lowered the deficit and Biden has the best labor market in US history.
Stop blaming biden for Trump's fuck ups
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Toddsterpatriot
Diamond Member
Trump had world record fake money handouts
Trump begged the FED for more fake money printing in 2019 and in 2020.
Biden has been in office for 2.5 years.
Why didn't he undo the 2019 and 2020 printing?
Is it because he's retarded?
Trump may have added to inflation but the primary reason for inflation was America coming out of corvid. Americans were eager to travel, to buy major items, to take advantage services they had missed. In 2020 we had the biggest jump in retail sales in 30 years followed a year later by 2nd biggest jump and in 2022 we had the most new housing starts in 15 years. Yet on the supply side, nations like China were having major problems with production and covid restrictions which was limiting the supply of good to the US. And in the US, the exiting of many women and those near retirement from the workforce was still creating problem within the supply chain in 2022 and 2023. This was expected by economist who predicted that the US economy would not fully recover till 2023 or 2024.
What happen in the US happened in major economies throughout world. Inflation shot up after the nation was recovering from Covid.
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Markle
Diamond Member
+0.2% inc MoM in both core and non core PCE !!!
Incredible !!!
Donald Trump printed a world record amount of fake money, he handed out $ trillions in fake money, and he had the most massive mega deficits in US history, all of that fake money printing and hand outs, debt and deficit, AND the Putin war caused inflation.
Republicans tried to spin the facts and narrative to blame Biden for Trump's inflation causing policies, like always.
BUT inflation has plummeted. Fallen immensely and now we have normal 2% inflation, the FED's target.
Inflation is over, no more tears.
Economic Calendar - Investing.com
Economic calendar: get indicators in real-time as economic events are announced and see the immediate global market impact - Including previous, forecast and actual figures.www.investing.com
Markle
Diamond Member
The Banker
Diamond Member
- Thread starter
- Banned
- #220
hey retard you can't just inherit the Trump fuck up disaster show and undo everything all at once, its a shock tot he system. It needs to be unwound gradually, which is exactly what Biden is doing with his much lower deficits than Trump and the QT.
You are a joke and you are trying to criticize Biden for not fixing the Trump fuck ups. Republicans are suck a disaster that the Dems need to come in and fix their mess, like Obama had to do with George "blow up the economy" Bush.
The biggest criticism you have for democrats is they don't fix the GOP fuck ups quick enough, maybe next time we don't let Bish and Trump fuck everything up...
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