What happened to the tune the inflation rate was reduced to Trump levels?

[AntonToo]

I didn't say anything about global inflation. I posted the inflation rate for the United States.

...you seriously think showcasing your ignorance is an argument make?

It was primarily a global post-Covid inflation phenomenon due to collapsed supply chains and shifting consumption patterns distabalizing global supply and demand balance. Who happened to be in the White House at the time would make little to no difference on that scale.

You saying it, or not saying does not make a difference.

 

[Marener]

Not too much of a mystery given efficiency gains, but yea some drop off would be expected.

Not an expert, but our productivity gains were not great for the majority of the 2000s.

Nonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers

Graph and download economic data for Nonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers (OPHNFB) from Q1 1947 to Q3 2024 about per hour, output, headline figure, sector, nonfarm, business, real, persons, and USA.

fred.stlouisfed.org

 

[struth]

...you seriously think showcasing your ignorance is an argument make?

It was a global inflation phenomen, you saying it, or not saying does not make a difference.

I don't disagree that the economy policies of the United States impact the globe. I agree 100 percent.

 

[AntonToo]

I don't disagree that the economy policies of the United States impact the globe. I agree 100 percent.

What American economic policies caused global inflation dummy?

 

[Doc7505]

October 2018 it was 2.5%. There is no legitimate argument to be made here.

~~~~~~

How The Economy Really Fared Under Biden/Harris And Trump—From Jobs To Inflation (Final Update)

The final economic data is in ahead of the election—here's what the numbers say about the Trump and Biden/Harris economies.

www.forbes.com

 

[struth]

What American economic policies caused global inflation dummy?

If you have to ask me, then you are the dummy.

Have you been living under a rock for the past four years? In particular the first two, where dems passed massive unneeded spending bills, devaluing the dollar, flooded the country with a surge of aliens that needed homes and jobs, went to war on energy, driving up cost

 

[AntonToo]

If you have to ask me, then you are the dummy.

Have you been living under a rock for the past four years? In particular the first two, where dems passed massive unneeded spending bills, devaluing the dollar

I have been here, paying attention, unlike know nothing bumpkins like you.

Here is Trump spending vs Biden spending:

If you say that it was American spending that primarily caused global inflation phenomenon (again, it wasn't), and it was Trump that signed off on two dollars for every dollar Biden signed off, then by extension of your argument Trump bears the primary responsiblity for causing global inflation.

 

[struth]

I have been here, paying attention, unlike idiots like you.

Here is Trump spending vs Biden spending:

Cool. The issue is what the spending is on.

Xiden’s caused skyrocketing inflation

 

[AntonToo]

Cool. The issue is what the spending is on.

Xiden’s caused skyrocketing inflation

Don't worry mr asstruth, I'm under no illusions that simple, obvious facts will in any way cause you to belive anything you don't want to belive.

You will just keep making up ludecrous bullshit as long as I'll be explaining why it's ludecrous bullshit.

 

[struth]

Don't worry mr asstruth, I'm under no illusions that simple, obvious facts will in any way cause you to belive anything you don't want to belive.

You will just keep making up ludecrous bullshit as long as I'll be explaining why it's ludecrous bullshit.

What i stated was fact. It’s also clear you don’t know what causes the dollar to lose value.

 

[AntonToo]

massive unneeded spending bills, devaluing the dollar

Exactly opposite is true mr. asstruth - dollar has strenghened over the last 4 years.

Would it kill you to spend just two seconds to confirm your assertions before posting them?

 

[AntonToo]

Not an expert, but our productivity gains were not great for the majority of the 2000s.

Nonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers

Graph and download economic data for Nonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers (OPHNFB) from Q1 1947 to Q3 2024 about per hour, output, headline figure, sector, nonfarm, business, real, persons, and USA.

fred.stlouisfed.org

2000s that had two recessions, one of which was the biggest recesison in modern history.

Note rising inflation 2001-2007 followed by a huge dip during Great Recession with lasting elevation in unemployment which kept salaries down.

 

[Zincwarrior]

Covid? I remember a record number of Americans were better off then then under Harris and Biden

Majority of Americans Feel Worse Off Than Four Years Ago

The slight majority of Americans say they are worse off than four years ago, while their assessments of the U.S. economy are subpar and inflation remains a key concern.

news.gallup.com

The hell they were. 14% unemployment. Its ok. He will demonstrate his incompetence presently.

 

[Independent thinker]

And they tripled down on stupid, reducing the interest rates twice. After one time the inflation rate for October rose to 2.6%

Trump 2020: 1.25%
Trump 2019: 1.81%

Last I checked 2.6% is more than twice 1.25%.

It's actually about 3.3%. 2.6% is the cheathing number they use, excluding food and energy. The last I knew just about everyone pays for food and energy.

 

[struth]

The hell they were. 14% unemployment. Its ok. He will demonstrate his incompetence presently.

It was only that high in April and then dropped rapidity

And of corse it was due to layoffs to protect themselves from a virus

Not economic policies that have made the. Worse off


Take it up with the people, they spoke

 

[AntonToo]

surge of aliens that needed homes and jobs

Dummy when labor supply increases PRICES DECREASE, because employers pay less when more people compete for their jobs.

 

[struth]

Dummy when labor supply increases PRICES DECREASE, because employers pay less when more people compete for their job openings.

Didn’t happen here did it? Wonder why?

Oh maybe because labor didn’t actually increase, they weren’t working, they were taking.

All they added to was demand

 

[AntonToo]

Didn’t happen here did it? Wonder why?

Because you imagining that some illegals in United States caused global inflation phenomenon is a stupid fantasy. Thats why.

Between some increase in consumption and an increase in available labor it's not clear that illegals had any net contribution to American inflation, let alone cause any spill-over into other markets.

 

[SassyIrishLass]

The Dems ran in a fantastic economy, people knew better

 

[struth]

Because you imagining that some mexicans in United States caused global inflation phenomenon is a stup fantasy. Thats why.

Please I am not blaming any Mexican

I like the majority of the country is blaming the dembots and their horrible economic policy