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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: miraje who wrote (1524653)	2/22/2025 7:21:38 AM
From: Rarebird	Respond to of 1585386

I couldn't disagree more. Firstly, the issue I see moving forward is not inflation but deflation. Recession risk is very high. All of these spending and labor cuts are deflationary forces, not inflationary. Secondly, let's assume I am wrong here and inflation persists around the 3%-3.5% area, what makes you think the working class is running back to the Democrats? The Democrats had their shot and they were proven to be a fraud stuffing their pockets in their spending bills. I don't see the working class turning to the Democrats so quickly since the working class knows they are crooks. Now, of course, if the coming recession lasts long enough and becomes severe, there will be growing dissatisfaction towards conservatives. As for the tariffs, all Trump claims he is doing is bridging the gap between what other countries charge the US for doing business with them vs what we charge. If other countries lower their tariffs/taxes, there will be no need for tariffs or they will be greatly reduced. The other question to ask here is if the tariffs during Trump's first administration caused inflation? Relax. The price of crude oil fell over $2 a barrel to $70+ on Friday. As the stock Market heads lower and the war in Ukraine ends, crude oil is headed much lower. So, there are many other factors that determine whether inflation will rear its ugly head outside of tariffs.