Trump did not lower inflation.

Started by Hobby, Sep 01, 2024, 12:12 AM

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Hobby

Trump claims he brought down inflation and unemployment to record lows.  That's just not true.  In 2014 15 the economy was improving and unemployment and inflation was already declining when Trump took office. The 2018 stockmarket for the entire year gains was totally wiped out and again in 2020.  Had Trump inherited the economy that Obama and Biden inherited Trump would be bragging or taking credit.  Right now the stockmarket is setting record highs.  Inflation is dropping except for groceries and rent.  The housing market did explode under Trump but that was from the fed lowering interest rates not from anything Trump did.  I will give Trump credit on controlling the border.  Biden should have continued on with what Trump put in place.
Hobby

Fathernature69

Inflation was not down during Trump presidency, but was under control.

Here is an investopedia article on Inflation under past president. Jimmy Cater was the highest @9%.  Biden was third at 5%+. Trump was 1%. 

https://www.investopedia.com/us-inflation-rate-by-president-8546447


Romanticlover

All I know is everything was cheaper during the Trump administration.
If Biden can exaggerate about his accomplishments then so can Trump, all politicians do it.
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Hobby

Of course it was.  When a farmer plants a fruit tree you have to wait for the fruit to be produced.  You don't plant a tree and instantly get a bumber crop. Takes time.  Same with changes made to the economy takes time to see results.  The last year of Obama the housing market was strong. Inflation and unemployment was at a sharp decline.  Financial bottoming out with Trump in office taking all the credit.
Hobby

Blkfyre

Quote from: Romanticlover on Sep 01, 2024, 11:04 AMAll I know is everything was cheaper during the Trump administration.
If Biden can exaggerate about his accomplishments then so can Trump, all politicians do it.

Wow, surprise, everything was cheaper 4-8 years ago.

It's almost as if, 4-8 years ago things weren't cheaper 4-8 years before that!

Oh, wait, they were?

What's the point again?

Romanticlover

Quote from: Blkfyre on Sep 01, 2024, 12:48 PMWhat's the point again?

Democrat policies cause inflation.

Going all the way back to FDR and his "new deal". Inflation accelerated under LBJ and his "great society", in fact economists use 1966 as the starting point for modern inflation. Then we get to the failed Carter years when inflation was 9% and interest rates shot up to 21%. Then we arrive at today where Democrats are pushing $15 an hour nationwide which has been terrible here in Cali.
(see the above link provided by Fathernature69)
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Blkfyre

Quote from: Romanticlover on Sep 01, 2024, 01:38 PMDemocrat policies cause inflation.

Going all the way back to FDR and his "new deal". Inflation accelerated under LBJ and his "great society", in fact economists use 1966 as the starting point for modern inflation. Then we get to the failed Carter years when inflation was 9% and interest rates shot up to 21%.
(see the above link provided by Fathernature69)

Quote from: Romanticlover on Today at 11:04 AM
All I know is everything was cheaper during the Trump administration.

Awesome. But I was referring to the above. Where you were complaining that everything was cheaper during the Convict's reign, without acknowledging that *everything* was cheaper 4-8 years before the Convict, and cheaper still 4-8 years before that, ad infinitum, trying to make it seem like *ONLY* under Biden would prices be higher...

Romanticlover

Quote from: Blkfyre on Sep 01, 2024, 01:41 PMQuote from: Romanticlover on Today at 11:04 AM
All I know is everything was cheaper during the Trump administration.

Awesome. But I was referring to the above. Where you were complaining that everything was cheaper during the Convict's reign, without acknowledging that *everything* was cheaper 4-8 years before the Convict, and cheaper still 4-8 years before that, ad infinitum, trying to make it seem like *ONLY* under Biden would prices be higher...


BECUASE DEMOCRAT POLITICIANS ARE RETARDED AND THE LAWS THEY PASS HURT BUSINESSES AND THE AVERAGE AMERICAN.

It's not just what I say, every economist says the same thing.
Go read some of Milton Friedman or Thomas Sowell's work on the subject.

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Blkfyre

Quote from: Romanticlover on Sep 01, 2024, 01:46 PMBECUASE DEMOCRAT POLITICIANS ARE RETARDED AND THE LAWS THEY PASS HURT BUSINESSES AND THE AVERAGE AMERICAN.

It's not just what I say, every economist says the same thing.
Go read some of Milton Friedman or Thomas Sowell's work on the subject.



So you are denying that prices rise over time.

Ok, good talk...

Hobby

When Trump left the economy was hurt bad by covid.  When Biden took office he had to deal with all covid caused. Business shut down or went out of business.  Landlords not getting rent. On an on.  If Trump been reelected the economy would faced the same fall out from covid.  Dems poured trillion dollars into the economy so that we didn't go into another depression that could have destroyed everything. Other countries came out from covid in far worse shape than the US.  I won't citizens Biden like Trump does... Trump didn't have to deal with a collapsed economy as Obama and Biden did.  Sure things were more things were affordable when Trump was in office... but a lot has happened since that Trump would not been able to fix even though he claims he could.  I haven't heard him make any suggestions to fix things all I hear us how it would not have happened or who to blame...
Hobby

bats

Quote from: Romanticlover on Sep 01, 2024, 01:46 PMBECUASE DEMOCRAT POLITICIANS ARE RETARDED AND THE LAWS THEY PASS HURT BUSINESSES AND THE AVERAGE AMERICAN.

FYI, shouting a baseless claim using ALL CAPS doesn't magically give the claim a foundation. It's still right-wing bullshit.

Romanticlover

Quote from: bats on Sep 01, 2024, 06:51 PMFYI, shouting a baseless claim using ALL CAPS doesn't magically give the claim a foundation. It's still right-wing bullshit.

It's not right-wing bullshit if it's true, look at the retarded policies in this state that's run by Democrats.
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Hobby

Quote from: Romanticlover on Sep 01, 2024, 07:31 PMIt's not right-wing bullshit if it's true, look at the retarded policies in this state that's run by Democrats.


You make a good point.  Paying food workers a unskilled job 20 bucks per hour?  WTF!

Back on topic... Trump takes credit for something he had no real part in doing.
Hobby

Danno

The only fast workers that get $20/hr are the ones that work at a cooperate owned locations. Most are franchises. Plus they have to have over 60 locations nation wide. As of Aug 20, 2024, the average hourly pay for a Mcdonalds Crew in California is $14.58 an hour.
Just tap me on the head if I overstay my welcome

bats

Quote from: Romanticlover on Sep 01, 2024, 07:31 PMIt's not right-wing bullshit if it's true

Sure, but such generalized claims can't even be proven. They're useless.

What we know for sure is that right-wing politician's and their media allies parrot those kinds of claims all day, every day. The propaganda is effective, as evidenced by some of the posts in this very forum.