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


To: Steve Lokness who wrote (357025)12/11/2025 4:15:36 PM
From: combjelly1 Recommendation

Recommended By
abuelita

  Read Replies (1) | Respond to of 357442
 
Noodles has about a strong of a grasp on economics as he has on other aspects of reality.

A big dollop of spending does not necessarily result in inflation when the economy has taken a shot below the waterline. For example, in the wake of the Dubya Near Depression, Noodles needed to be sedated when he worked himself up over the coming hyper-inflation because of the various measures taken to stimulate the economy. You remember how prices skyrocketed. When prices could double on items between picking something off the shelf and making your way to checkout...

Neither do I. He still hasn't managed to figure out why. Because for him, economics is all about unicorns and fairy dust. Since it is all magic, then believing strongly enough can make it manifest.



To: Steve Lokness who wrote (357025)12/14/2025 10:15:59 AM
From: Thomas M.1 Recommendation

Recommended By
longz

  Read Replies (2) | Respond to of 357442
 
The government stimulated - the first two rounds of stimulus was during trumps term. So of course much of the stimulus that caused the following inflation was created by trump.
Trump's stimulus wasn't inflationary. Inflation exploded when Biden took office and began spending money like a drunken sailor.

By the time Biden took office, the pandemic was over. The economy was roaring (Q3 GDP growth was 35%, Q4 was 4%). and the vaccine had ended people's fears about Covid.

Biden's response to this roaring economy? He lied and said the economy was still weak, as an excuse to spend trillions more (bribing his voters).

The CPI chart tells the story:



Tom