3.2% inflation

Jarod said:
Uh, Bush II had it worse than Carter by the end of his 8 years. It takes a little time for a president to affect the economy. We were in recession by the end of the Trump years.
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Which recession began *before* the pandemic royally screwed up nearly every economy on the planet.
 
BartenderElite said:
When Trump passed his tax package early in his admin, economists said it was a short-term measure. It was designed for a quick spike, for the midterms. It was bad for the foundation of the economy, and for the long-term.

It's such a myth that he achieved all of this great success prior to COVID. Trump was an incompetent President, and even those on his inner circle said he had little interest in actually governing, and in policy.

He's the best con man I've ever seen, and probably the most effective in history. To this day, millions still buy his BS.
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I have yet to encounter a RWer who could point to any specific policies, EOs, or other measures that Trump did that improved the economy for anyone other than the uber wealthy/corporations. Not one single example. It could be because there are none to present, eh?
 
cawacko said:
Only you Asshat could take your dislike of the Jews and try to flip it like you did. It's a different world you occupy my man.
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im just saying what dick ditch says when i mention the federal reserve.

he lives in the different world where bankers are perfect because some are jews.
 
QP! said:
There are few things a POTUS can do that are more damaging to the long term health of the economy than running up massive debt when handed a hot economy, as Trump was gifted by Obama.

A responsible POTUS, focuses, like Clinton did, on then balancing the budget and PAYING DOWN debt by running surpluses so that if the economy goes in to a downturn in the following years, it is better set to deal with it.

What Trump did by piling on debt, cutting Revenues massively (tax cuts) and keeping interest rates so low to give the economy a sugar high, was to ensure when Covid hit, that he and the POTUS who followed would have few of the normal tools to help float and save the economy such as lowering interest rates, to spur the economy and avoid recession.

It is like you get your highest paying job ever and yet still instantly run all your personal debt to the max, so in any personal downturn (job loss, or pay cut) you are screwed.

That is who Republi'cans' are and how they manage the economy and why they ALWAYS ruin them handing off recessions to every Dem admin that follows who clean it up, turn it around and hand the next Republi'can' a strong economy.
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:hand: :hand: :hand:
 
ThatOwlWoman said:
I have yet to encounter a RWer who could point to any specific policies, EOs, or other measures that Trump did that improved the economy for anyone other than the uber wealthy/corporations. Not one single example. It could be because there are none to present, eh?
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can you name one thing biden has done?
 
The labor force participation rate is a pointless measure. It has been going down among males since 1960. It is heavily impacted by boomer retirements. It is also heavily impacted by fewer teens getting jobs. The rate for 25-54 year olds is at 83.7, the highest it has been in 20 years. I doubt Gardner understands what it is.
 
Obama_Phone said:
what are your recommendations to improve the economy for most americans?

you're so smart.

give us ONE idea.
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Patience. If you want to buy a home but the prices (and interest) are too high, wait and save as much as you can. Postpone any large purchases that require financing if you can. Invest in things like T-bills that are paying actual decent (5%) interest right now. This too shall pass.
 
Cypress said:
Actually it looks like three recessions started under Eisenhower, 1953, 1958, and 1960.
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Ten out of thirteen recessions since WW2 started under Republican presidents, and there hasn't been a recession that started under a Democratic president since the 1970s, half a century ago.

That is way too much data to be a statistical fluke.
 
Cypress said:
Ten out of thirteen recessions since WW2 started under Republican presidents, and there hasn't been a recession that started under a Democratic president since the 1970s, half a century ago.

That is way too much data to be a statistical fluke.
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And it is very deliberate.

Republi'cans' simple do not want Dems to ever inherit a strong economy when citizens are feeling more wealthy as then it is hard to stop the new Dem admin doing things to benefit average citizens. The republi'cans' look at every dollar the Dems want to spend on improving the lives of average american's as one that they could instead give to rich donors and corporations.

So their goal is ALWAYS to do things that they know will negatively impact the economy in a few years (such as Trump gutting revenues while piling on debt), to get corporations and donors a huge benefit, but also setting up the type of society concern later, that allows them to scream at Dems 'to clean up the debt, we Republi'cans' created'.

it is like having an abusive spouse, who runs up the family debt massively while the other spouse is forced to focus and pay it down. The one running up debt irresponsible, actually gets the credit from the kids, as they feel richer when that spending is being done (holidays, new cars, etc) whereas the one forced to pay it down, is seen negatively as they push the family to tighten the belt. Do with less.
 
BartenderElite said:
When Trump passed his tax package early in his admin, economists said it was a short-term measure. It was designed for a quick spike, for the midterms. It was bad for the foundation of the economy, and for the long-term.

It's such a myth that he achieved all of this great success prior to COVID. Trump was an incompetent President, and even those on his inner circle said he had little interest in actually governing, and in policy.

He's the best con man I've ever seen, and probably the most effective in history. To this day, millions still buy his BS.
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What was the inflation rate when he took office and when he left office?
 
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