19 Comments
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Steve Shannon's avatar

What a weak piece. Grocery prices are not down, they’re up. Health insurance, no plan from the Orangeman, prices up. Don’t even get America started on gas prices. Waaaaay up, this week. Art of the Deal? DJT ripped up a deal, “obliterated” Iran’s nuclear stock pile only to have to, I suppose “re-obliterate” it again, this time priced in American lives (“losers and suckers” though) and a new foreign entanglement that apparently is on a no-plan plan.

Frank Lee's avatar

Either you are a dope or being intellectually dishonest un purpose to satiate your orange man bad psychological disorder.

Please follow along.

GROCERY, GAS, RENTS... ALL OF WAS PUT AT RECORD INFLATION UNDER THE BIDEN ADMINISTRATION.

Sorry Trump has not corrected for your idiotic voting record in 14 months.

Steve Shannon's avatar

No Frank, everyone is saying you are a dope AND intellectually dishonest! Believe me, they know. It must be hard for you to keep chugging the Orange Kool-Aid, but like Trump you’ve got a big mouth that lets you take in by the gallon!!!

Frank Lee's avatar

What were grocery prices, gas prices, rent, healthcare costs at the end of Biden's term? Comon little, small nuts and small brained Stevie. You can do it.

Steve Shannon's avatar

Poor Frank. Nobody likes him.

Frank Lee's avatar

LOL. Big circle of friends Stevie. And they all think people like you are near braindead.

Steve Shannon's avatar

Poor Frank. Nobody likes him.

Thomas L. Hutcheson's avatar

DiPlacido is correct, it is a naive error to blame tariffs and deportation directly for inflation. These are both microeconomic shocks that reduce real income, but alone cannot produce an increase in the average price of all goods and services (inflation) w/o validation by the Fed.

What these shocks do is raise the inflation rate that the Fed has to engineer to maintain full employment. By late 2024 the Fed had almost returned inflation to its target of 2% and was poised to succeed when the unfortunate change in tariff and deportation policies occurred. Attempting to reach its target in th face of the new tariffs and deportations would have risked recession.

With the Scotus decision overturning the IEEPA tariffs, this shock may be over. Deportations and the slowdown of legal immigration, however, are an ongoing series of shocks that will continue to prevent the Fed from achieving its long term target.

Alhough not within the scope of DePlacido's post, the spike in international petroleum prices are also a shock to relative prices that the Fed must acommodate (even though as a net energy exporter the US will receive a small terms of trade fillup to real GDP) and the same reasning applies. The additional shock and the Fed's response will be inflationry.

ggreene's avatar

actual economics!

Karl's avatar
8hEdited

I love it when maga shows how beta they are. So much whining, so little time. Boys, (and maga is disproportionately boys, especially old, white boys like me), it's time to man up. Y'all have dominated the party for over a decade. You ARE the elites, you ARE the establishment. You control the entire federal government. Again.

The lame blame game is gettin kinda old. You need a new shtick. Workin folk are tired of bein gaslit by the Epstein Class while Don pockets billions. How bout a plan?

Or, are taco tariffs, the shredding of the rule of law, the disastrous BBB, and another Mideast war all ya got?

Frank Lee's avatar

This is well done and accurate and will be hated by those with Orange Man Bad mass psychosis.

They are the dopes that blame daddy Trump for not giving them enough hugs while he also does not bail them out with only 14 months in office for the years of economic destruction that their woke voting record caused.

Isn't it just so common with them. They don't believe they are accountable for any of their bad, wrong and stupid behavior. They f*ck things up and then scream a tantrum at the people having to clean up their diaper mess for not doing it fast enough.

Karl's avatar

Uh, Frank, maga is actually in charge. Still. Man up dude.

jeff fultz's avatar

Soon the bots and AI Agents will be coming... lol

Dan Bourbon's avatar

Factually correct but short on sharing the blame. Trump 1 administered the first two COVID stimulus checks in March 2020 and December 2020. Biden admisitered the third in March 2021. Yet not once in your essay did you mention Trump and Biden together adminstered those stimulus payments. You just blamed the payemnts, and correctly in my mind, as the foundation for high inflation. You didn't seem to have any problems blaming Biden for everything else.

Frank Lee's avatar

Trump did his work before we knew that COVID was no more dangerous than the seasonal flu. It was after we knew that the Democrats used the fake claim of "relief" to push $6 additional trillion dollars into the economy with printed money and more national debt.

The inflation we are dealing with today is directly related to Democrat policies 2020 - 2024.

Karl's avatar

Frank, you do realize Don set the record for debt accumulation in term one? And the BBB, maga's revealed preference for fiscal and economic policy, puts him on track to break his record. All while screwing the workin stiffs he purports to care about...

Hang in there, and remember it's ok to have an identity that's different from aging, incoherent, angry politicians. I can't imagine lashing my identity to a mere pol.

Frank Lee's avatar

Presidents don't spend what isn't approved by congress. Congress approved Trump's spending on the pandemic almost completely unanimous bipartisan. And this was when nobody knew what woukd happen. The your fucking cadaver boy Biden gets a complelety 100% Democrat partisan approval to dump another $6 trillion into an economy that proved already it did not need it. And they fucked everything up. You Democrats are fucking hazardous dopes.

Richard's avatar

All true but does it matter

Frank Lee's avatar

Well, it does matter because otherwise idiots will vote for the Democrats again who are responsible for all the inflation we are dealing with.