Malibu2 said:

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My favorite anti-inflationary Trump policy was the one where he signed bills to add $3.1T magical non-inflationary dollars into economy in a single year.

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Done unfortunately to correct for idiotic and pointless CoVID shutdowns that need not have happened.

Malibu2 said:

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baron_von_awesome said:

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Malibu2 said:

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I think his full sentence that I quoted is pretty clear and easily understood. Restated, I think he meant we won't be doing 7-10% YoY inflation as a normal thing, but yes this an issue today.

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Its actually about 16% if you use the same stats as during the 70s/80s.

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Assuming that this is true, do you think the basket of goods in the 70s/80s is more reliable than todays methodology? I'm not a CPI expert so any high level articles by somewhat unbiased sources would be appreciated.

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One big change was that they switched to a thing called "home equivalent rent". So rather than just use rent that people were paying, they asked home owners "if you were to rent out your home, how much rent would you charge?" Of course most home owners don't think about renting out their home, and so they unintentionally low ball it because they are thinking in terms of their mortgage monthly payments that they signed 10+ years prior. Not how much it has gone up subsequently. And this makes up like 1/3rd of CPI if I remember right.

aTmAg said:

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TheEyeGuy said:

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Malibu2 said:

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My favorite anti-inflationary Trump policy was the one where he signed bills to add $3.1T magical non-inflationary dollars into economy in a single year.

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Of course, Biden comes in and says, "Hold my Metamucil. "

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Unfortunately, I have to come to Malibu's aid:

Trump's last two budgets were way bigger than Bidens so far.

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Yeah...it took over 2 years for those bills to take effect. All the inflation we are feeling now is due to Tfump's policjes from 2 years ago.

Guess the talking points are out and its no longer Putin's fault.

It is now Trump's fault again.

Ags4DaWin said:

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aTmAg said:

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TheEyeGuy said:

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Malibu2 said:

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My favorite anti-inflationary Trump policy was the one where he signed bills to add $3.1T magical non-inflationary dollars into economy in a single year.

---

Of course, Biden comes in and says, "Hold my Metamucil. "

---

Unfortunately, I have to come to Malibu's aid:

Trump's last two budgets were way bigger than Bidens so far.

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Yeah...it took over 2 years for those bills to take effect. All the inflation we are feeling now is due to Tfump's policjes from 2 years ago.

Guess the talking points are out and its no longer Putin's fault.

It is now Trump's fault again.

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Dude, I voted for Trump. But you have to take your blinders off to realize that Trump spent a crap ton of money. More than any president in history by far. He appointed Powell and then when Powell started raising interest rates, Trump demanded he lower them again. To pretend that Trump is blameless for inflation is deluding yourself. The silver lining of Biden winning was that he is now taking almost all the blame. And BTW, Biden is not doing any better. Inflation will continue to rise under him too.

If it's not permanent, how far can we roll it back?

aTmAg said:

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Ags4DaWin said:

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aTmAg said:

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TheEyeGuy said:

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Malibu2 said:

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My favorite anti-inflationary Trump policy was the one where he signed bills to add $3.1T magical non-inflationary dollars into economy in a single year.

---

Of course, Biden comes in and says, "Hold my Metamucil. "

---

Unfortunately, I have to come to Malibu's aid:

Trump's last two budgets were way bigger than Bidens so far.

---

Yeah...it took over 2 years for those bills to take effect. All the inflation we are feeling now is due to Tfump's policjes from 2 years ago.

Guess the talking points are out and its no longer Putin's fault.

It is now Trump's fault again.

---

Dude, I voted for Trump. But you have to take your blinders off to realize that Trump spent a crap ton of money. More than any president in history by far. He appointed Powell and then when Powell started raising interest rates, Trump demanded he lower them again. To pretend that Trump is blameless for inflation is deluding yourself. The silver lining of Biden winning was that he is now taking almost all the blame. And BTW, Biden is not doing any better. Inflation will continue to rise under him too.

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Trump's spending had a purpose behind it.

I don't have any blinders on.

And yeah...we were gonna see some inflation under trump.

But trump didn't combine money printing with policies that killed domestic energy, incentivized people to stay home indefinitely, made our companies less competitive, and started killing the petro dollar so the extra cash cpuld not be absorbed by foreign nations.

A capital infusion can jump start things to the point you no longer need it down the road.

And I think that was trump's goal. i could be wrong, but regardkess of where you sit, Biden's policies have been disasterous.

YouBet said:

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Because we are privileged white supremacists, we had not personally noticed inflation too much yet until this last weekend after grocery shopping. Some food is getting out of control. First time we've ever not purchased items or substituted items because of prices.

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In a couple years, $7.99/lb or even $10.99/lb prime steak specials at HEB are going to seem like a distant dream. Our children will laugh in disbelief years from now when we tell them about it and call us "old". I do a lot of our grocery shopping, and it definitely stings more and more at the register...even when trying to shop simple and smart. "Going in for a few things" is typically in the $30's/$40's.

MouthBQ98 said:

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Malibu2 said:

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My favorite anti-inflationary Trump policy was the one where he signed bills to add $3.1T magical non-inflationary dollars into economy in a single year.

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Done unfortunately to correct for idiotic and pointless CoVID shutdowns that need not have happened.

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THIS. What the heck was he supposed to do? Sorry, we are taking away the livelihoods and closing the businesses of MILLIONS by force because we are hellbent on overreacting to a conveniently timed China virus...and not only that, we will not compensate you in any way.

He will argue otherwise because it is convenient, but I would be willing to bet big bucks that Malibu was for these types of harmful and disastrous measures (for the greater good of course). "Just temporarily" or "in the short term" of course.

If Trump wouldn't have thrown people a lifeline, Malibu would be criticizing him for being cruel and heartless.

Ags4DaWin said:

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aTmAg said:

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Ags4DaWin said:

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aTmAg said:

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TheEyeGuy said:

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Malibu2 said:

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My favorite anti-inflationary Trump policy was the one where he signed bills to add $3.1T magical non-inflationary dollars into economy in a single year.

---

Of course, Biden comes in and says, "Hold my Metamucil. "

---

Unfortunately, I have to come to Malibu's aid:

Trump's last two budgets were way bigger than Bidens so far.

---

Yeah...it took over 2 years for those bills to take effect. All the inflation we are feeling now is due to Tfump's policjes from 2 years ago.

Guess the talking points are out and its no longer Putin's fault.

It is now Trump's fault again.

---

Dude, I voted for Trump. But you have to take your blinders off to realize that Trump spent a crap ton of money. More than any president in history by far. He appointed Powell and then when Powell started raising interest rates, Trump demanded he lower them again. To pretend that Trump is blameless for inflation is deluding yourself. The silver lining of Biden winning was that he is now taking almost all the blame. And BTW, Biden is not doing any better. Inflation will continue to rise under him too.

---

Trump's spending had a purpose behind it.

I don't have any blinders on.

And yeah...we were gonna see some inflation under trump.

But trump didn't combine money printing with policies that killed domestic energy, incentivized people to stay home indefinitely, made our companies less competitive, and started killing the petro dollar so the extra cash cpuld not be absorbed by foreign nations.

A capital infusion can jump start things to the point you no longer need it down the road.

And I think that was trump's goal. i could be wrong, but regardkess of where you sit, Biden's policies have been disasterous.

---

Trump was the guy who started paying people to not work and encouraged money printing. That reduces supply of goods and increases supply of dollars. Inflation was inevitable. Stimulating the economy with an ass ton of money is NEVER the right solution no matter what party does it.

Biden't policies have been disastrous. But Trump's were not great.

aTmAg said:

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Malibu2 said:

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baron_von_awesome said:

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Malibu2 said:

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I think his full sentence that I quoted is pretty clear and easily understood. Restated, I think he meant we won't be doing 7-10% YoY inflation as a normal thing, but yes this an issue today.

---

Its actually about 16% if you use the same stats as during the 70s/80s.

---

Assuming that this is true, do you think the basket of goods in the 70s/80s is more reliable than todays methodology? I'm not a CPI expert so any high level articles by somewhat unbiased sources would be appreciated.

---

One big change was that they switched to a thing called "home equivalent rent". So rather than just use rent that people were paying, they asked home owners "if you were to rent out your home, how much rent would you charge?" Of course most home owners don't think about renting out their home, and so they unintentionally low ball it because they are thinking in terms of their mortgage monthly payments that they signed 10+ years prior. Not how much it has gone up subsequently. And this makes up like 1/3rd of CPI if I remember right.

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To your point, I have a friend who has been renting a home while they were repainting the interior of theirs (they had a flooding incident that ruined theirs). He just moved back home but he said they were paying $5,700 per month in rent and that the owners had increased it to $7,200 per month for the next folks renting after them.

Holy *****! And he said this house is not a nicer home. While in North Dallas, it's a modest home. 3 bedrooms.

Wait, Pete Buttigieg is OldAg2020?

aTmAg said:

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Ags4DaWin said:

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aTmAg said:

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Ags4DaWin said:

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aTmAg said:

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TheEyeGuy said:

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Malibu2 said:

---

My favorite anti-inflationary Trump policy was the one where he signed bills to add $3.1T magical non-inflationary dollars into economy in a single year.

---

Of course, Biden comes in and says, "Hold my Metamucil. "

---

Unfortunately, I have to come to Malibu's aid:

Trump's last two budgets were way bigger than Bidens so far.

---

Yeah...it took over 2 years for those bills to take effect. All the inflation we are feeling now is due to Tfump's policjes from 2 years ago.

Guess the talking points are out and its no longer Putin's fault.

It is now Trump's fault again.

---

Dude, I voted for Trump. But you have to take your blinders off to realize that Trump spent a crap ton of money. More than any president in history by far. He appointed Powell and then when Powell started raising interest rates, Trump demanded he lower them again. To pretend that Trump is blameless for inflation is deluding yourself. The silver lining of Biden winning was that he is now taking almost all the blame. And BTW, Biden is not doing any better. Inflation will continue to rise under him too.

---

Trump's spending had a purpose behind it.

I don't have any blinders on.

And yeah...we were gonna see some inflation under trump.

But trump didn't combine money printing with policies that killed domestic energy, incentivized people to stay home indefinitely, made our companies less competitive, and started killing the petro dollar so the extra cash cpuld not be absorbed by foreign nations.

A capital infusion can jump start things to the point you no longer need it down the road.

And I think that was trump's goal. i could be wrong, but regardkess of where you sit, Biden's policies have been disasterous.

---

Trump was the guy who started paying people to not work and encouraged money printing. That reduces supply of goods and increases supply of dollars. Inflation was inevitable. Stimulating the economy with an ass ton of money is NEVER the right solution no matter what party does it.

Biden't policies have been disastrous. But Trump's were not great.

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Trump was dealing with a large unknown pandemic.

We didn't have the data to truly know how undangerous it was until the midnight hour lf his presidency and by then he was fighting to try to get reelected and that is where his focus was on.

With Biden we ****ing know and have for over a year that this weak ass virus should not prevent people from working.

Before the pandemic employment was at all time highs and people on welfare was at all time lows.

Alot of you jokers forget those statistics when you pull out that tired but "But Trump Started It".

Like it or not Trump did great things for this country. More than any president since Raegan and in one term.

We decided the best guy to fight it was the man who funded the development illegally and had it accidentally spread underneath his watch. And nothing will happen to him. Imagine if a private company had done what Fauci had done, people would be tearing out their floors to throw at the government until they were held responsible.

That being said, nothing about our response made sense. We listened to the chicken littles, ended up nationalizing the economy in order to shut it down for two weeks, continued to have government controls in place to restrict people from working, and then sent them two checks after nearly two years of that BS and called it fair.

If we are going to nationalize the economy, The government should be fairly recompensing you for not working. We didn't want to do that because the numbers would have made even the democrats balk. So we decided instead to just make the cost up by screwing over most of our private citizens. They were too scared of being blamed for keeping everything open and too scared of being blamed to keep everything closed, so they just half assed it and screwed everyone else over as a result.

Dude is a complete moron. The fact some idiots think he is Presidential material is scary and should worry America.

Ags4DaWin said:

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aTmAg said:

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Ags4DaWin said:

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aTmAg said:

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Ags4DaWin said:

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aTmAg said:

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TheEyeGuy said:

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Malibu2 said:

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My favorite anti-inflationary Trump policy was the one where he signed bills to add $3.1T magical non-inflationary dollars into economy in a single year.

---

Of course, Biden comes in and says, "Hold my Metamucil. "

---

Unfortunately, I have to come to Malibu's aid:

Trump's last two budgets were way bigger than Bidens so far.

---

Yeah...it took over 2 years for those bills to take effect. All the inflation we are feeling now is due to Tfump's policjes from 2 years ago.

Guess the talking points are out and its no longer Putin's fault.

It is now Trump's fault again.

---

Dude, I voted for Trump. But you have to take your blinders off to realize that Trump spent a crap ton of money. More than any president in history by far. He appointed Powell and then when Powell started raising interest rates, Trump demanded he lower them again. To pretend that Trump is blameless for inflation is deluding yourself. The silver lining of Biden winning was that he is now taking almost all the blame. And BTW, Biden is not doing any better. Inflation will continue to rise under him too.

---

Trump's spending had a purpose behind it.

I don't have any blinders on.

And yeah...we were gonna see some inflation under trump.

But trump didn't combine money printing with policies that killed domestic energy, incentivized people to stay home indefinitely, made our companies less competitive, and started killing the petro dollar so the extra cash cpuld not be absorbed by foreign nations.

A capital infusion can jump start things to the point you no longer need it down the road.

And I think that was trump's goal. i could be wrong, but regardkess of where you sit, Biden's policies have been disasterous.

---

Trump was the guy who started paying people to not work and encouraged money printing. That reduces supply of goods and increases supply of dollars. Inflation was inevitable. Stimulating the economy with an ass ton of money is NEVER the right solution no matter what party does it.

Biden't policies have been disastrous. But Trump's were not great.

---

Trump was dealing with a large unknown pandemic.

We didn't have the data to truly know how undangerous it was until the midnight hour lf his presidency and by then he was fighting to try to get reelected and that is where his focus was on.

With Biden we ****ing know and have for over a year that this weak ass virus should not prevent people from working.

Before the pandemic employment was at all time highs and people on welfare was at all time lows.

Alot of you jokers forget those statistics when you pull out that tired but "But Trump Started It".

Like it or not Trump did great things for this country. More than any president since Raegan and in one term.

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The proper answer is NEVER "print money" or "stimulate". If we are short of food, medicine, etc.. then printing money is not going to magically produce more food or medicine. Only farmers and drug companies can do that. There is also no reason for the government to send checks to farmers and drug companies, the natural laws of supply and demand would do that. And printing money and giving it to "at risk" businesses merely stole money from everybody with savings and give it to those businesses. The purchasing power didn't grow on trees. It was stolen from somebody. And if you had savings, then that somebody included you.

All of this distorted and did damage to the economy.

The guy was not a competent mayor of a small/mid size city. He has no experience or qualifications to be SecTransportation.

Why is it that progressives can't understand basic macro economics. No one in this administration understands what should be required knowledge.

He was appointed for one reason.

His parents were Marxist Communists. His father was a professor at ND. Apple fell close to the tree. He is a Mao Communist. That is the reason commie ob had his puppet select him.

> Trans Sec Buttigieg: "Inflation isn't permanent."

Oh ****
That means it's permanent.

Also not permanent? That f'n guy

It probably is if the current idiots mucking things up are allowed to continue their economic dumbassery.

DallasAg 94 said:

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From "Transitory" to "Not Permanent"... I'm learning more new information about Inflation that never seemed to be known prior to Biden's Administration.

If only we could "Build Back to the way it Was."

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Huh, just like gender...