Trump vowed to slash prices — inflation just hit highest in months

[ElmerMudd]

Not true

Hearing Wrap Up: Biden Admin Ignored Warnings that Trillions in Spending Would Damage the Economy and Spur Inflation - United States House Committee on Oversight and Government Reform

United States House Committee on Oversight and Government Reform

oversight.house.gov

Key Takeaways:

Despite warnings from Republicans and even former President Obama’s own economic advisor Larry Summers that the American Rescue Plan would trigger inflation, the Biden Administration and Congressional Democrats rushed through trillions of dollars in spending and fueled the highest inflation in more than half a century.

• President Biden rushed through spending in the American Rescue Plan, ignoring bot

The stimulus package added to inflation but was not the major cause. The reason for the stimulus package was to prevent a recession. If Biden had not done the stimulus package and the US went into a recession that same Republican committee would be roasting him for not doing more. End of the day the major reason for inflation, throughout the world, was the same; pent up demand and supply chain issues.

Read what the stimulus act did along with adding to inflation.

When the COVID-19 pandemic caused widespread economic disruption, with global GDP shrinking significantly in 2020, many countries implemented economic stimulus measures to mitigate the damage and foster recovery.
Here's why:

• Mitigate economic collapse: Lockdowns, business closures, and travel restrictions brought many economies to a near standstill. Stimulus packages aimed to prevent a deeper recession and protect jobs and incomes.
• Support households and businesses: Direct payments, expanded unemployment benefits, and business loans aimed to provide financial relief to those impacted by the pandemic.
• Encourage spending and investment: By injecting money into the economy, governments hoped to boost demand and encourage economic activity, according to GoCardless.
• Maintain the fabric of the economy: The initial focus was not just about boosting demand, but about preserving the essential relationships between employers and employees, producers and consumers, and lenders and borrowers, according to the IMF eLibrary.
• Facilitate recovery: As the pandemic eased, a coordinated and comprehensive fiscal and monetary stimulus was intended to support the recovery and help economies return to normal functioning, according to The Global Solutions Initiative.
• Address inequality: The pandemic highlighted and exacerbated existing inequalities. Some stimulus measures focused on assisting vulnerable populations and reducing hardships like food and housing insecurity.

Types of stimulus
Stimulus measures came in various forms:

• Monetary stimulus: Central banks cut interest rates, bought bonds (quantitative easing), and created lending programs to reduce borrowing costs and increase the money supply.
• Fiscal stimulus: Governments increased spending on healthcare, welfare programs, and direct relief payments like stimulus checks and expanded unemployment compensation. They also implemented tax cuts and deferred tax payments.

These policies, while necessary, also led to concerns about increased national debt and inflation.

 

[struth]

The stimulus package added to inflation but was not the major cause. The reason for the stimulus package was to prevent a recession. If Biden had not done the stimulus package and the US went into a recession that same Republican committee would be roasting him for not doing more. End of the day the major reason for inflation, throughout the world, was the same; pent up demand and supply chain issues.

Read what the stimulus act did along with adding to inflation.

When the COVID-19 pandemic caused widespread economic disruption, with global GDP shrinking significantly in 2020, many countries implemented economic stimulus measures to mitigate the damage and foster recovery.
Here's why:

• Mitigate economic collapse: Lockdowns, business closures, and travel restrictions brought many economies to a near standstill. Stimulus packages aimed to prevent a deeper recession and protect jobs and incomes.
• Support households and businesses: Direct payments, expanded unemployment benefits, and business loans aimed to provide financial relief to those impacted by the pandemic.
• Encourage spending and investment: By injecting money into the economy, governments hoped to boost demand and encourage economic activity, according to GoCardless.
• Maintain the fabric of the economy: The initial focus was not just about boosting demand, but about preserving the essential relationships between employers and employees, producers and consumers, and lenders and borrowers, according to the IMF eLibrary.
• Facilitate recovery: As the pandemic eased, a coordinated and comprehensive fiscal and monetary stimulus was intended to support the recovery and help economies return to normal functioning, according to The Global Solutions Initiative.
• Address inequality: The pandemic highlighted and exacerbated existing inequalities. Some stimulus measures focused on assisting vulnerable populations and reducing hardships like food and housing insecurity.

Types of stimulus
Stimulus measures came in various forms:

• Monetary stimulus: Central banks cut interest rates, bought bonds (quantitative easing), and created lending programs to reduce borrowing costs and increase the money supply.
• Fiscal stimulus: Governments increased spending on healthcare, welfare programs, and direct relief payments like stimulus checks and expanded unemployment compensation. They also implemented tax cuts and deferred tax payments.

These policies, while necessary, also led to concerns about increased national debt and inflation.

Agreed, other Xiden policies added to it, such as his war on energy, driving up the cost of fuel

In 2020, we didn't have near double digit inflation, that was 2022, years after Covid

 

[HikerGuy83]

Just like they are now saying that the Epstein files are not that important. They realize trump or some of his billionaire buddies may be named in the files.

You need some serious help.

 

[Jroc]

Agreed, other Xiden policies added to it, such as his war on energy, driving up the cost of fuel

In 2020, we didn't have near double digit inflation, that was 2022, years after Covid

Biden and the leftist scum loved the fake pandemic...they used to push thier leftist totalitarian agenda ...Biden's green energy b******* made everything more expensive everything... Forced people to take a vaccine at risk of losing their jobs... how many people lost their jobs? how many pilots do we lose? military did lose ,police officers ... anyone who defends the Biden administration is pathetic.....

 

[Twisted Gypsy Child]

You need some serious help.

Trump has no one to blame but himself and you have no one to blame but yourself

 

[John Edgar Slow Horses]

It can take a decade or moe to build coal plants, steel and aluminum processing centers, so forth.

We are losing manufacturing jobs, not gaining them.

The market is back to March's levels.

cnbc.com

 

[Jroc]

It can take a decade or moe to build coal plants, steel and aluminum processing centers, so forth.

We are losing manufacturing jobs, not gaining them.

The market is back to March's levels.

cnbc.com

It use to take a decade under liberal environmentalist wacko b******* policies ... Most of those those regulations are being waived or cut out permanently 10 years? GTFO

 

[John Edgar Slow Horses]

The cuts you want even the Trumpenstein won't do.

 

[Jroc]

The cuts you want even the Trumpenstein won't do.

Doesn't take 10 years to build anything.. you're delusional.. unless of course you're a bunch of liberal wacko nut jobs trying to build a from San Francisco to New York

 

[John Edgar Slow Horses]

Doesn't take 10 years to build anything.. you're delusional.. unless of course you're a bunch of liberal wacko nut jobs trying to build a from San Francisco to New York

You are wrong yet again, so you will begin a hissy fit again.

So predictable and almost never right.

 

[Jroc]

You are wrong yet again, so you will begin a hissy fit again.

So predictable and almost never right.

You didn't say anything clown

 

[JimH52]

You elect a Liar and a Felon…this is what you get.

 

[JimH52]

He’s doesn’t control the Fed.

He has got inflation down.

Goods increased nearly 1% last month. Just the beginning of the trump tariff inflation. Get out from under the maga rock.

 

[struth]

Goods increased nearly 1% last month. Just the beginning of the trump tariff inflation. Get out from under the maga rock.

Inflation is lowered then when he took office

He addressed it on day one

And no inflation was 2.7 in June and the same in July

Both lower then Jan

United States Inflation Rate

Inflation Rate in the United States remained unchanged at 2.40 percent in February. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

But what’s even more important is blie collar wages are increasing and our pacing inflation.

So people are worse off like they were four years after xiden and your party policies of poverty

 

[Nostra]

www.msn.com/en-us/money/...​

Despite President Donald Trump’s repeated claims that there is “no inflation,” consumer prices jumped in June, rising to an annual rate of 2.7%—the highest level in months. Economists cite the President’s tariffs, now beginning to take effect, along with rising costs for food, energy, and rent.


The Consumer Price Index increase “is slightly higher than expected and is up from an annual pace of 2.4 percent in May,” according to The New York Times.

ABC News called it “a notable surge of price increases as President Trump’s tariff policy took hold.”

“Worsening inflation poses a political challenge for President Donald Trump, who promised during last year’s presidential campaign to immediately lower costs,” the Associated Press reported Tuesday, noting that inflation “rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods.”


Inflation is the highest in months, as the Trump tariffs begin to take effect. You can expect a steady increase in the inflation rate as the tariffs, another tax on Americans, takes effect. It may very well rise above 3% in July. It is hard to say where it will peak, at this point. Will trump once again back off his worldwide tariff threats?

Thread fail by Jim H - VA USA

 

[Jim H - VA USA]

Thread fail by Jim H - VA USA

You have the wrong Jim H. I am the Conservative MAGA one.

 

[ElmerMudd]

You have the wrong Jim H. I am the Conservative MAGA one.

And you are willing to admit that?

 

[Jim H - VA USA]

And you are willing to admit that?

Unapologetically conservative Republican.

You voted for a potato and a installed word salad, and think creepy men in dresses should be allowed in girls' locker rooms, illegal immigrants should be given free stuff paid for by taxpayers, skin color matters more than merit, fossil fuels hurt humanity, and criminals should be free to roam the streets.

MAGA.

 

[JimH52]

Unapologetically conservative Republican.

You voted for a potato and a installed word salad, and think creepy men in dresses should be allowed in girls' locker rooms, illegal immigrants should be given free stuff paid for by taxpayers, skin color matters more than merit, fossil fuels hurt humanity, and criminals should be free to roam the streets.

MAGA.

You voted for a Dictator.

 

[Chuz Life]

www.msn.com/en-us/money/...​

Despite President Donald Trump’s repeated claims that there is “no inflation,” consumer prices jumped in June, rising to an annual rate of 2.7%—the highest level in months. Economists cite the President’s tariffs, now beginning to take effect, along with rising costs for food, energy, and rent.


The Consumer Price Index increase “is slightly higher than expected and is up from an annual pace of 2.4 percent in May,” according to The New York Times.

ABC News called it “a notable surge of price increases as President Trump’s tariff policy took hold.”

“Worsening inflation poses a political challenge for President Donald Trump, who promised during last year’s presidential campaign to immediately lower costs,” the Associated Press reported Tuesday, noting that inflation “rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods.”


Inflation is the highest in months, as the Trump tariffs begin to take effect. You can expect a steady increase in the inflation rate as the tariffs, another tax on Americans, takes effect. It may very well rise above 3% in July. It is hard to say where it will peak, at this point. Will trump once again back off his worldwide tariff threats?

For future updates and reference.

In the meantime, If one of you leftards can explain how targeted Tarriff increases will only result in unwanted inflation and a slowed economy, but massive tax increases on the rich and corporations won't? That would be great.