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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (198809)	4/14/2021 12:22:53 AM
From: combjelly	Read Replies (1) \| Respond to of 358178

Sigh. Are you really this stupid or are you faking it? We are far from an unhealthy rate of inflation. It, in fact, is nowhere near the levels it was under Reagan. Or Dubya before he crashed the economy. Since bitcoin isn't a real currency, its value isn't really meaningful. It is the equivalent of tulips for the Dutch, way back when. You can't just print trillions of dollars to the point we can't pay the interest on the debt and expect no economic consequences. Correct. So it is a good thing that isn't anywhere close to happening. Given your track record on economic prognostications, where is the hyperinflation and disaster you so confidently predicted because of the Obama stimulus?, one would think you would scale back your gloom and doom. Or maybe change your talking points. Instead, here you are trotting the same old talking points and predictions that you did last time, despite your utter humiliation. Assuming you have anything that approaches humility, so that might be the wrong term. Embarrassment doesn't work either, for similar reasons. I am at a loss for words. Apparently, it will be necessary for the dollar to totally crash (as if it hasn't already) And then you descend into fantasy. As you often do. As I said, at the end of three months your lying idiot gave us the highest inflation in a decade. You might say it, but like much of what you say, it isn't true. thebalance.com The only reason why inflation wasn't higher under Trump was his mishandling of the pandemic led to a crash in demand across a lot of sectors, especially transportation. Because Biden's handling of the pandemic is instilling confidence, it has resulted in a spike in energy prices. A spike that may not continue, but has probably peaked already. Overall, the inflation rate for 2021 is expected to be between 1.6% and 2.8%. Even if it tops 2.8%, it wouldn't be an earth-shattering event. For 2022, the inflation rate is expected to be closer to 2%.