Trumps economic plan is working

[Moonglow]

Thanks Trump. Remember, experts said tariffs would doom us all.

https://finance.yahoo.com/m/53e2a3df-efc5-3990-bfb7-643a19033fc0/stock-market-today-dow-falls.html

Enjoy yer pricier price.

 

[Moonglow]

You can nitpick all you want. 401Ks are up. Roth IRAs are up.

How nice, it is no surprise since they have gone up fer years, many years.

 

[drudge X]

Enjoy yer pricier price.

I purchased 10 dozen eggs for $32. The same amount would cost me about $70 under Biden. I paid $4.19 a gallon of regular gas. The same grade and amount cost me more than $6 to $5 under Biden. So yes, I am enjoying the prices and my fatten investments.

 

[drudge X]

How nice, it is no surprise since they have gone up fer years, many years.

I don't believe you follow the market. Anyone does won't make an uninformed statement like that.

 

[Independent thinker]

Trumps economic plan is more than tariffs and its working.
1. Tariffs used to bring in 200-300 billion a year and open foreign markets
2. Tax and regulation cuts increasing the profits of business
3. An end to supports for green energy that costs too much and cant meet the demand of AI
4. Supporting fossil fuels and nuclear power low cost reliable energy that can meet demand of AI and increased use of server banks.

These policies will attract manufacturing from Europe and other foreign countries to move to the US as their dependence on green energy and high taxes drive business away.
Trump has leverage they need to export to our economy more than we need them. China is extremely vulnerable as their economy depends 100% on exports.

I just read today that now a leading economist is admitting that the Trump tariffs will only lead to a one time small jump in prices, followed by lower inflation. And, the "jump" was only at 2.9%, which makes Biden's inflation look astronomical.

 

[Hafar1014]

Not really, they simply spent moar money to stimulate the economy.

No they didnt they used debt and printed money not actual capital thats why inflation went up to 9.1%. Suppose you used your credit card tom pay all your bills and only paid the interest. Does that stimulate your income?
Trump is shifting Bidens debt based economy to a wealth based economy 3 ways
1. Tariffs bringing in over 200 billion a year in cash opening markets now closed which increases jobs
2. Cutting spending, taxes, and regulations making business more profitable and lowering inflation
3. Switching to fossil fuels and nuclear energy which are low cost reliable and will meet the huge demand of AI.
All 3 together is bringing manufacturing back to America creating real private jobs increasing tax revenues and driving up the DOW which will enrich investors pensions and grow the GDP all based on capital not debt

 

[candycorn]

If you look at the total picture not nit picking isolated events Trumps economy is a n astounding success story in just 6 months. Chevron is doing quite well and the layoffs are in Venezuela

Weird...

With a little help...they may get back up to how well they did under Biden. This is where you scream “fake news” *****.

But lets move on....

You mentioned the stock market record highs earlier as an indicator of Trump’s economy doing better Biden had a lot of record highs. Obama’s climbed 149% getting 118 record highs How was their economies???? Rocking right?

Let me guess...you’re going to pick isolated events and say it wasn’t.... go ahead and do what you just told us not to do.

 

[Hafar1014]

Enjoy yer pricier price.

Wheres the doom

 

[Hafar1014]

Weird...
View attachment 1140514

With a little help...they may get back up to how well they did under Biden. This is where you scream “fake news” *****.

But lets move on....

You mentioned the stock market record highs earlier as an indicator of Trump’s economy doing better Biden had a lot of record highs. Obama’s climbed 149% getting 118 record highs How was their economies???? Rocking right?

Let me guess...you’re going to pick isolated events and say it wasn’t.... go ahead and do what you just told us not to do.

Obama and Bidens economies were based on debt not real wealth

 

[candycorn]

Obama and Bidens economies were based on debt not real wealth

All those stock market gains were based on debt and now they’re not?

Fascinating...tell us more.

 

[candycorn]

I purchased 10 dozen eggs for $32. The same amount would cost me about $70 under Biden. I paid $4.19 a gallon of regular gas. The same grade and amount cost me more than $6 to $5 under Biden. So yes, I am enjoying the prices and my fatten investments.

Trump’s gas is over $4 a gallon?

https://www.washingtonpost.com/climate-environment/2024/10/24/gas-prices-trump-election/

Scientists tell us tht $4 a gallon is more than $1.87.

 

[Moonglow]

No they didnt they used debt and printed money not actual capital thats why inflation went up to 9.1%. Suppose you used your credit card tom pay all your bills and only paid the interest. Does that stimulate your income?
Trump is shifting Bidens debt based economy to a wealth based economy 3 ways
1. Tariffs bringing in over 200 billion a year in cash opening markets now closed which increases jobs
2. Cutting spending, taxes, and regulations making business more profitable and lowering inflation
3. Switching to fossil fuels and nuclear energy which are low cost reliable and will meet the huge demand of AI.
All 3 together is bringing manufacturing back to America creating real private jobs increasing tax revenues and driving up the DOW which will enrich investors pensions and grow the GDP all based on capital not debt

Where is he cutting spending, and why is he running a deficit?
He did not cut taxes with increased tariffs, which is a form of a tax; he increased taxation.

 

[Moonglow]

Trump’s gas is over $4 a gallon?

https://www.washingtonpost.com/climate-environment/2024/10/24/gas-prices-trump-election/

Scientists tell us tht $4 a gallon is more than $1.87.

How can four dollars be more than $1.87 in Trump math?

 

[Moonglow]

Debt and the US economy under Biden and Trump
Both the Trump and Biden administrations saw significant increases in the US national debt.
Under Trump

• Tax Cuts and Spending Increases: The Trump administration enacted the Tax Cuts and Jobs Act of 2017, which significantly reduced corporate and individual income taxes.
• Increased Spending: Trump also signed into law several bipartisan spending bills, such as the Bipartisan Budget Acts of 2018 and 2019, further increasing the deficit.
• COVID-19 Spending: A substantial portion of the debt increase under Trump came during the COVID-19 pandemic with relief measures like the CARES Act.
• Trade War Impact: Trump's tariffs and trade war with China were estimated to have a negative impact on the economy, potentially costing jobs and increasing prices for consumers.

Under Biden

• COVID-19 Response: The Biden administration inherited the ongoing COVID-19 pandemic and enacted the American Rescue Plan to provide further economic relief and recovery efforts.
• Increased Spending: Biden's agenda included significant investments in infrastructure, clean energy, and domestic manufacturing through legislation like the Bipartisan Infrastructure Law and the CHIPS and Science Act.
• Executive Actions: Biden also took a number of executive actions that added to the national debt, such as some student loan debt relief measures.
• Inflation and Interest Rates: The Biden administration has faced challenges related to high inflation, which is attributed to a combination of factors including continued effects of the pandemic, global supply chain issues, and the war in Ukraine.

Conclusion
It is important to note that the national debt is influenced by numerous factors, including Congressional actions, economic conditions, and unforeseen events like pandemics. Both administrations implemented policies that involved increased government spending and borrowing, contributing to the rise in the national debt.
However, it's also worth noting the different focus and context of the debt increases under each administration:

• Trump's debt increase was driven significantly by tax cuts and increased spending, including COVID-19 relief measures.
• Biden's debt increase also includes COVID-19 relief, but is characterized by substantial investments in areas like infrastructure, clean energy, and domestic manufacturing, which aim to foster long-term economic growth and resilience.

Ultimately, the extent to which either administration's policies created a "debt-based economy" is a matter of ongoing economic debate and depends on how one weighs the costs and benefits of different types of government spending and tax policies.

 

[MagicMike]

Trumps economic plan is more than tariffs and its working.
1. Tariffs used to bring in 200-300 billion a year and open foreign markets
2. Tax and regulation cuts increasing the profits of business
3. An end to supports for green energy that costs too much and cant meet the demand of AI
4. Supporting fossil fuels and nuclear power low cost reliable energy that can meet demand of AI and increased use of server banks.

These policies will attract manufacturing from Europe and other foreign countries to move to the US as their dependence on green energy and high taxes drive business away.
Trump has leverage they need to export to our economy more than we need them. China is extremely vulnerable as their economy depends 100% on exports.

Aren't you supposed to back up an OP with some type of link?

 

[Hafar1014]

Aren't you supposed to back up an OP with some type of link?

You can google right? Some things are simply common sense or already in the common knowledge. Maybe you should watch the news. If you could think you wouldnt need a link.
Maybe you could post an actual thought

 

[MagicMike]

You can google right? Some things are simply common sense or already in the common knowledge. Maybe you should watch the news. If you could think you wouldnt need a link.
Maybe you could post an actual thought

It's just the rules of the board Simp. I don't make them.