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CU Guru [1155]
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Rational economics discussion Re: Trump's plans....
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Mar 9, 2024, 11:40 AM
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The economy under Trump was robust...lowered regs to spur growth, net negative interest rates, available labor pool, etc. helped float all boats. Cutting taxes along with stock market gains certainly made most feel secure.
Now that the sticky inflation is hanging around with most goods costing more than three years ago, I have concerns that Trump's similar policies and beliefs might dampen an economy that, by all economists' accounts, is remarkably strong. Folks right now feel a pinch, but in six months (studies show) that the pinch will no longer feel like a pinch because higher prices have become the norm as prices don't usually ever fall in times of economic expansion.
If similar tactics are used to stoke an already good economy, inflation most definitely will perk up again because:
1) There's around 0.7 workers for every available job vs around 1.5 during Trump's time. An even tighter job market raises wages, and higher wages means higher prices across the board. 2) Throwing all of the illegals out of the country and closing the border further reduces the workforce. 3) The promised protectionist Tariffs make the costs of goods go up...if anyone remembers the lumber price issues of a few years ago - that's a good example, along with increases on china's crap. 4) The encouraged lowering of interest rates indirectly raise prices since they typical make the economy heat up....
I do think loosening oil and gas production regs will help lower overall costs, but the other big picture thoughts are a real concern of bringing back inflation of most consumer goods.
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Oculus Spirit [97879]
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If Trump achieves his goals, the economy tanks.
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Mar 9, 2024, 11:46 AM
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You won't see a reduction in the trade deficit. You won't see illegal immigration stop. You won't see a balanced budget either.
Everything Trump does regarding his promises will be measured and purposefully ineffective. They must be. He renegotiate NAFTA and nothing changed. It was all a show.
His wall? Not a peep during Trumps first term with a GOP Congress. But he raised #### for two years when the dems took Congress in the midterms.
If you know the system, and the scam, then the deception and lack of change beyond rhetoric makes sense.
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Legend [17854]
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Insert Morgan Freeman - Hes right you know - meme
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Mar 9, 2024, 12:50 PM
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Orange Blooded [4824]
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Re: Rational economics discussion Re: Trump's plans....
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Mar 9, 2024, 1:05 PM
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I wouldn't expect Trump to be able to throw 10-20 million illegals out of the country. The Dems know once they are here we are stuck with them forever since it would be almost impossible for anyone to marshall those kind of resources. He may be similarly effective, as in his prior admin, at slowing the flow of illegals into the country however and i think most voters would approve. When he did this before it resulted in the lower and middle classes seeing their real wages increase faster than others due, at least in part, to a lessening of competition from illegals.
And it's Bidens own guy who is already talking about the need to cut rates this year. Sure Trump would probably continue with that trend but we had very low interest rates for years prior to Covid and inflation wasn't an issue so it isn't as clear of a cause/effect as one would think. I do agree that if he suddenly cut rates back to 2020 levels it could be too much too fast but that's another discussion.
I'm generally against tariffs but they are something we need to be able to at least threaten to get the most favorable trade deals with countries that have, for far too long, taken us to the cleaners in that regard. Kind of similarly to how NATO countries refused to pay their agreed upon share there until Trump called them out.
It's hard to say what will needto be done with the economy in the spring of 2025 sitting here today but its hard to argue that the economy was perhaps Trumps greatest success so of all the things I would be concerned about screwing up, that wouldn't be on the short list.
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CU Guru [1012]
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Re: Rational economics discussion Re: Trump's plans....
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Mar 9, 2024, 1:12 PM
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>The economy under Trump was robust
I mean, no ####, he inherited a strong economy.
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Hall of Famer [20559]
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Re: Rational economics discussion Re: Trump's plans....
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Mar 9, 2024, 2:25 PM
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Until he tanked it with his utterly lunatic mismanagement of COVID. I find it amazing that everyone lets MAGA's ignore everything that happened afterwards and stop keeping score in mid-term.
Anybody else remember this? I surely do. Because this is where the economy went.
https://www.youtube.com/watch?v=2uLJkpH__os
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CU Guru [1414]
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Re: Rational economics discussion Re: Trump's plans....
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Mar 9, 2024, 2:46 PM
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. Democrat ran states shutting down their economies and closing businesses is why the economy was bad in 2020. It happened all over the world. We should’ve never shut down. It’s that simple. Blaming Trump for Covid is hilarious.
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CU Guru [1077]
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Re: Rational economics discussion Re: Trump's plans....
Mar 9, 2024, 5:03 PM
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. Democrat ran states shutting down their economies and closing businesses is why the economy was bad in 2020. It happened all over the world. We should’ve never shut down. It’s that simple. Blaming Trump for Covid is hilarious.
They love the policies of California and New York which shut down businesses, unless a governor wanted dinner in a special restaurant and the rules don’t govern them
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Hall of Famer [20559]
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Re: Rational economics discussion Re: Trump's plans....
Mar 9, 2024, 5:26 PM
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I'm not a Democrat, and no doubt, a lot of states' responses were incoherent, overcontrolling, and poorly informed.
That's also what happens when there is no effective coordinated crisis response coming at the national level. There was just sheer chaos from the administration. The states were completely on their own.
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All-In [27295]
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Fauci kept Trump's balls in a petri dish on his desk.
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Mar 9, 2024, 2:59 PM
[ in reply to Re: Rational economics discussion Re: Trump's plans.... ] |
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Trump talks big about Fauci and COVID now, but when he had the power to do something about him, all he did was sing Fauci's praises.
Trump is an Uber pansy when it comes to action. All bark. No bite. Like a neutered shitzu.
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Hall of Famer [24878]
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Exactly who would you have put in charge...? Easy 19th hole eval...***
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Mar 9, 2024, 3:04 PM
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Hall of Famer [24878]
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Nah, Fauci didn't have anything to do with it... Funded, lied, obfuscated, and
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Mar 9, 2024, 3:03 PM
[ in reply to Re: Rational economics discussion Re: Trump's plans.... ] |
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still denies it all. T-Rump SAID some stupid chit. Of course, he was concurrently BEING TOLD some stupid chit.
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CU Guru [1155]
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110%er [7223]
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Biden threw carcass into the well. Disinfectant wont stop stink much longer
Mar 9, 2024, 3:44 PM
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With what the OBiden Handlers Admin has done with the economy already, it is destined to go poorly regardless of who becomes our next president -&- which party takes (or resumes) its place in Congress.
Inflation will skyrocket if Federal Reserve cuts interest rates. Currently, the Federal Reserve is in a heck of a pickle to balance the high interest rates needed to sell new T-bonds into the global market to cash out the old (low interest rate) T-bonds which are maturing. The Fed has not ‘honestly’ funded the Treasury under the Biden Admin. Even without a legitimate excuse to engage in wild fiscal policy, as Trump had to do during COVID economic crisis year in 2020, the Federal Reserve under Biden has greatly increased the issuance of ‘IOU’s’ to the Treasury so that the Treasury can manage the increase in money supply that our indebtedness driven economy needed to function.
In other words, the Biden Admin’s inflationary policies, combined with the Federal Reserve’s reluctance to offer high enough interest rates so that USA can actually attract enough buyers to actually buy all of the T-bonds that we need to sell so that real money (not just IOU’s) are needed to keep our country running on real money.
This is akin to throwing a carcass into a well, covering up the stench for a while with disinfectant, and hoping to sell the property with the well before the stink overwhelms the disinfectant’s ability to suppress the stink.
Nobody, and I mean NOBODY, can do economic party tricks to get past this pending deep recession / possible depression. Biden wins, Trump wins, Big Mike wins … it doesn’t matter.
The Great Financial) Reset will be the ‘answer’; when that happens, or whether that happens in the next 4 to 8 years), is the way out. That will be a seismic event for all of the world’s societies.
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Orange Blooded [4023]
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Re: Biden threw carcass into the well. Disinfectant wont stop stink much longer
Mar 9, 2024, 4:17 PM
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What exactly have the Obama handlers done with the economy? Be specific.
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Legend [18026]
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One note about oil production...we are at an all-time high:
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Mar 9, 2024, 4:23 PM
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