superrific
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It was not caused by that. It was caused by supply chain disruption. The economic literature is pretty clear about that. The American Rescue plan might have contributed a point of inflation, but not more.
Board Trump supporters
- Thread starter theel4life
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What amazes me is that when I aligned with conservatives, they knew that all cost end up being paid be the end consumer. It's interesting how trump convinced them they were wrong and that somehow the cost could be paid by members of the supply chain.
superrific
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LOL. LOL. LOL.
superrific
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Also, 4.7 trillion, huh? Link? God damn, son. Have you no thinking facilities at all?
The "green new energy deals" were less than a trillion and spread out over many years. Much of that will not happen because Trump. Those investments were net positives for America -- much the same way that the Obama green-energy loans produced countless benefits for America.
And that 4.7T was a full-decade estimate. It included measures like infrastructure repair, veterans benefits, SNAP, etc.
superrific
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Not to mention decreased tax receipts from lax enforcement.As for the June budget surplus, here is a link for you to read:
Trump's Hollow Surplus Claim - FactCheck.org
In recent speeches and media scrums, President Donald Trump has lauded the federal budget surplus for the month of June, claiming the surplus had not happened in "many, many years" or "decades." To be clear, the U.S. had not recorded a surplus in June since 2016 – but the country has had several...www.factcheck.org
As for tariff revenue generally, even if you optimistically estimate that the tariff revenue increases by $250 billion per year, that will not come close to offsetting the $400 billion+ per year in tax revenues that we will lose due to Trump's tax cuts for the wealthy.
Also, I'm still waiting on my tax refund. I can't be the only one.
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And someone is still going to have to pay for those things.
Callatoroy
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Are Businesses Absorbing the Tariffs or Passing Them On to Their Customers? - Liberty Street Economics
A recent New York–Northern New Jersey business survey finds that most businesses passed on at least some of recent higher tariffs to their customers.
libertystreeteconomics.newyorkfed.org
And yet somehow inflation is coming down.
rodoheel
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So when inflation exploded everywhere else across the world (in many places worse than in the US), was that because every other world government enacted a Green New Deal at the same time? What an amazing coincidence!
rodoheel
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Inflation rate is the same as it was on Election Day. It got down to 2.4% last September and has fluctuated between 2.3 and 3.0 ever since. In the most recent month it went up from 2.4% to 2.7%. We'll see where it ends up for this month.Are Businesses Absorbing the Tariffs or Passing Them On to Their Customers? - Liberty Street Economics
A recent New York–Northern New Jersey business survey finds that most businesses passed on at least some of recent higher tariffs to their customers.libertystreeteconomics.newyorkfed.org
And yet somehow inflation is coming down.
It's almost like Trump was too busy chasing skirts to attend that Econ 101 class.
What is the price/pain threshold for MAGA cultists before they say, "I think I'm going to stop drinking this Kool-Aid"?
There isn't one so long as they are owning the libs.
rodoheel
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There is no such threshold - any pain will simply be rationalized or blamed on something else
heelinhell
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Have you not visited a grocery store since Trump took office ?
Every item I pick up on my list at Food Lion each week is just a little bit higher than when Biden was still in office back in January.
And gas when I fill up my tank at the pump ? I am so thankful that the price has not increased since Trump took office !
You need to focus on the fact that Trump has increased your estate tax exclusion to 15 million
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In Game-Changing Climate Rollback, E.P.A. Aims to Kill a Bedrock Scientific Finding
The proposal is President Trump’s most consequential step yet to derail federal climate efforts and appears to represent a shift toward outright denial of the scientific consensus.
"The proposal is President Trump’s most consequential step yet to derail federal climate efforts and appears to represent a shift toward outright denial of the scientific consensus."
Okay MAGAts and the MAGA-adjacent with children, are you okay with your kids living on an ever hotter planet? Do you care at all?
THANK YOU FOR YOUR ATTENTION TO THIS MATTER!
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In Game-Changing Climate Rollback, E.P.A. Aims to Kill a Bedrock Scientific Finding
The proposal is President Trump’s most consequential step yet to derail federal climate efforts and appears to represent a shift toward outright denial of the scientific consensus.www.nytimes.com
"The proposal is President Trump’s most consequential step yet to derail federal climate efforts and appears to represent a shift toward outright denial of the scientific consensus."
Okay MAGAts and the MAGA-adjacent with children, are you okay with your kids living on an ever hotter planet? Do you care at all?
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So, where do they get the money to absorb that cost then?Are Businesses Absorbing the Tariffs or Passing Them On to Their Customers? - Liberty Street Economics
A recent New York–Northern New Jersey business survey finds that most businesses passed on at least some of recent higher tariffs to their customers.libertystreeteconomics.newyorkfed.org
And yet somehow inflation is coming down.
If they reduce margins, that means less revenues, correct? What can less revenues lead to?
Less ability to hire. Less ability to give raises. Less ability to provide good benefits. Less ability to innovate or offer new products.
You stated that you run a small business. Where do your revenues come from? How will you react to lower margins and less profits?
AND, what's the difference in just taxing corporations at the rate they were taxed at before trump cut the corporate taxes in half?
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Inflation is coming down because the pandemic is over, the supply chain is pretty much back to normal, and there were policies under the Biden administration that helped.Are Businesses Absorbing the Tariffs or Passing Them On to Their Customers? - Liberty Street Economics
A recent New York–Northern New Jersey business survey finds that most businesses passed on at least some of recent higher tariffs to their customers.libertystreeteconomics.newyorkfed.org
And yet somehow inflation is coming down.
Which actual policy has trump introduced or the republicans introduced that helped inflation? They are riding on a lagging effect and playing reality TV with tariffs and uncertainty. But trumps friends are getting richer by knowing when to buy and sell in the markets. Trump says something stupid the market reacts negatively, buy. Then trump caves, the market rebounds, sell. It's great if you have the money to invest. 98% of the people in the country don't.
But you keep standing behind his regressive tactics and keep watching the debt grow and the wealth and income gap increase. What happened to conservatives being for keeping the debt down?
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That's not what trump, fox, and the cult said, so...
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Well if they keep believing the lies that tariffs are only going to increase government revenues and no one is going to actually have to pay them, then it is going to take awhile.