Trump's policies caused inflation (in conjunction with other factors such as supply chain issues, global instability caused by Putin, and unprecedented surge in demand for housing).
With tax rates on corporations and wealthy people cartoonishly low, inflation keeps getting worse.
Leaving no way to fight it other than cancelling the tax cuts (impossible due to Manchin/Sinema in the senate), or sharply raising interest rates. Hence they were raised.
Everything else points to a number of factors, including pandemic related supply chain issues coupled with a shift in demand (during the pandemic) from services to goods, creating even more shortages, and then fiscal packages post pandemic (to kick start the economy) increased demand for labor raiseing wages and then prices.
You should write a paper refuting those factors and placing US economic policy as the main driver of this last global inflation cycle. But I'm not certain it would stand peer review.
Had Trump been reelected in 2020 the US economy would likely be in shambles due to economic policy, instead of strong. But it wasn't the driver of global inflation.
Last edited by EldrickOnIce; 08-05-2024 at 06:34 PM.
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Is there some sort of furniture kink going on in the GOP? Is this going to make its way into the platform?
__________________ "The great promise of the Internet was that more information would automatically yield better decisions. The great disappointment is that more information actually yields more possibilities to confirm what you already believed anyway." - Brian Eno
I did see that Kamala Harris video on cloud and definitely did a head shake after I watched it. Did her campaign team not correct her? Or more likely, I guess, it never really came up in their conversations with her.
I thought Trump didn’t need any celebrities. So why is he with ultimate creeper Adin Ross?
Fact is, Kamala needed a performer to pack a stadium and she only spoke for about 20 mins. Trump doesn't need performers because he draws in the American people by himself.
Fact is, Kamala needed a performer to pack a stadium and she only spoke for about 20 mins. Trump doesn't need performers because he draws in the American people by himself.
Which people ? The empty seats ?
You seriously watch the videos and can’t see the difference in the crowds? The type of people in the crowds ?
Fact is, Kamala needed a performer to pack a stadium and she only spoke for about 20 mins. Trump doesn't need performers because he draws in the American people by himself.
Are you forgetting Hulk Hogan, Amber Rose, and Kid Rock? I'd probably forget them too.
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Everything else points to a number of factors, including pandemic related supply chain issues coupled with a shift in demand (during the pandemic) from services to goods, creating even more shortages, and then fiscal packages post pandemic (to kick start the economy) increased demand for labor raiseing wages and then prices.
You should write a paper refuting those factors and placing US economic policy as the main driver of this last global inflation cycle. But I'm not certain it would stand peer review.
I think you're getting my words slightly twisted. I never said the tax cuts were the main driver of global inflation, I said that they were a significant contributor. After all, the US is the world's largest economy, and when things happen there, they are felt around the world.
Without those tax cuts, the global inflation surge would have still happened, but have been much less severe. With all that pent-up demand from people staying home during the pandemic, there was bound to be a sudden blast of consumer spending once things opened back up, and that's what we saw.
But if more money had been removed from the economy via Obama-level taxation from 2018 thru 2021, the inflation spike would have been smaller.
Supply chain problems due to the pandemic, obviously yes. The war in Ukraine as well.
The stimulus spending in response to the pandemic played a role too, but it would have been incredibly callous and depraved to not provide relief to people during that time.
Higher wages contribute to inflation, but the extent to which they do is disputed. I don't think people buy twice as much food when their wages double.
But the biggest driver of inflation in my view has been the housing shortage. Neither Trump nor Biden have done enough to address it.
But it is folly to pretend that these ultra-low tax rates on corporations and the wealthy haven't played a big part in driving prices up in America.
The only idiots showing up to Trump’s Nazi rallies are the hardcore MAGA cult. He’s gonna need a hell of a lot more than that if he wants to win in November, and he’s not exactly endearing himself to anyone else at the moment with his recent comments and reprehensible behaviour. Dude keeps sinking his own campaign every time he opens his stupid pie hole.
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You kind of have to appreciate responding to the problem of evangelicals, christofascism, indoctrination, and misguided public funding with “Black women are religious!!”, though.
I mean, hey. Black women are religious, guys. Black women. Can you believe it?
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When you start believing in these religious texts as historically accurate and the actual word of God, you've gone off the deep end and ready for a rubber room. These books are nothing more than Harry Potter fan fiction and anyone basing their lives around their word are truly a danger to themselves and society
Like most of the anti-religious comments expressed on CP, it doesn’t specify a particular political movement. And you think Black, Latino, and Muslim faithful don’t ‘indoctrinate’ their children and get government funding and tax breaks?
I expect when people post blistering tirades against religion and the ####ing morons who indoctrinate their children, they’re imagining white men. Makes it easier to hate them, I suppose. But maybe next time they’re about to press Submit Reply, they could picture a Black woman, or a Muslim immigrant as the person who believes scripture is the word of God. It might make them pause and dial back the hate a bit.
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Originally Posted by fotze
If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
You have to be pretty damn deep into the cult not to realize you're in one or that one even exists.
He's got you conned buddy. He doesn't give a #### about anyone.
You're the biggest spam bot on CP. Nothing of substance ever comes out of your posts. Just name calling or bad jokes. People like yourself tend to do this when they have zero knowledge on any given topic.
But maybe next time they’re about to press Submit Reply, they could picture a Black woman, or a Muslim immigrant as the person who believes scripture is the word of God. It might make them pause and dial back the hate a bit.
Well, no, it's just as stupid in those cases, too. See Ben Carson.
__________________ "The great promise of the Internet was that more information would automatically yield better decisions. The great disappointment is that more information actually yields more possibilities to confirm what you already believed anyway." - Brian Eno
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