Inflation

[Mik]

My greatest disappointment in the Trump administration is it did not tackle spending,

[Horace]

Would a Clinton administration have done a worse job of it, same, better, or impossible to know or speculate reasonably?

(This question will go unanswered by Clinton voters.)

[jon-nyc]

@Horace Probably would have been quite similar. I voted for Hilary 5 times.

[Horace]

@jon-nyc said in Inflation:

@Horace Probably would have been quite similar. I voted for Hilary 5 times.

Thanks jon.

[jon-nyc]

Oh, and the inflation we’re seeing now would have been quite similar had Trump not lost in a landslide.

[Jolly]

@jon-nyc said in Inflation:

@Horace Probably would have been quite similar. I voted for Hilary 5 times.

In the same election? Vote early and vote often?

[LuFins Dad]

@Mik said in Inflation:

My greatest disappointment in the Trump administration is it did not tackle promulgated spending,

FIFY, no need to thank me.

https://docs.google.com/viewer?url=https%3A%2F%2Fwww.whitehouse.gov%2Fwp-content%2Fuploads%2F2021%2F05%2Fhist01z1_fy22.xlsx

[Copper]

@Horace said in Inflation:

Would a Clinton administration have done a worse job of it, same, better, or impossible to know or speculate reasonably?

She would have invaded Ukraine long before Mr. Putin.

We would probably have annexed Moscow by now.

[Larry]

@jon-nyc said in Inflation:

Oh, and the inflation we’re seeing now would have been quite similar had Trump not lost in a landslide.

Trump didn't lose in a landslide. He didn't win, but there are several reasons for that. But to say he lost in a landslide is just plain stupid.

[Larry]

@jon-nyc said in Inflation:

Oh, and the inflation we’re seeing now would have been quite similar had Trump not lost in a landslide.

Oh - and had the democrats not managed to swing the votes in a few key areas just enough for the geriatric criminal who squeaked into office by the skin of his dentures, you crazy democrats would be blaming the inflation on Trump.

[taiwan_girl]

In the last 60 years, the US share of the world economy has almost gone down by half - from a little over 40% to almost 20% now.

Obviously, still the biggest economy, but there are so many external things happening around the world (both good and bad) which will effect US inflation, etc.

As a famous unknown forum poster has pointed out, "the US president gets too much praise and too much blame for the economy".

[George K]

@taiwan_girl said in Inflation:

In the last 60 years, the US share of the world economy has almost gone down by half - from a little over 40% to almost 20% now.

I'd guess that it was a pretty different world in 1962 than it is today.

I get your point, and I don't even disagree. But, I'd say that the post-war era, which probably extends at least 20 year, was a remarkably different world than we have today.

Oh, and China is an asshole, by the way.

[taiwan_girl]

@George-K I agree with you.

But, there seems to be a "perception" that if the US economy is good, it is strictly due to the actions of the US president AT THAT MOMENT.

If the US economy is bad, it is strictly due to the actions of the US president AT THAT MOMENT.

(Of course, some of the above depends on if your side president is in power).

Example: 2020 was one of the worst economy years on record. President Trumps fault? Of course not. Many many things outside his control. Situation would probably have been the same if Sec. Clinton had won the president.

2022 Inflation. President Bidens fault? Mostly not. (Thailand is experiencing worst inflation in 17 years for example). In big picture, situation would have been similar if President Trump won election.

(I AM NOT SAYING THE US PRESIDENT HAS NO IMPACT ON ECONOMY, BUT I BELIEVE IT IS OVER SAID)

[George K]

@taiwan_girl said in Inflation:

Example: 2020 was one of the worst economy years on record. President Trumps fault? Of course not. Many many things outside his control. Situation would probably have been the same if Sec. Clinton had won the president.

Trump wasn't president until January 2021.

2022 Inflation. President Bidens fault? Mostly not. (Thailand is experiencing worst inflation in 17 years for example). In big picture, situation would have been similar if President Trump won election.

US inflation is highest in 40 years.

(I AM NOT SAYING THE US PRESIDENT HAS NO IMPACT ON ECONOMY, BUT I BELIEVE IT IS OVER SAID)

Yes, it's overstated, and as @jon-nyc said, there's a correlation between the infusion of funds and inflation, with a delay of months/years.

But, perception is what determines elections, and since this has happened on Biden's watch, this is what voters will probably remember.

[LuFins Dad]

The basic underpinning of the US and global economy is consumer confidence in spending, and yes, the US President has an enormous impact on that particular keystone.

[George K]

@LuFins-Dad said in Inflation:

The basic underpinning of the US and global economy is consumer confidence in spending, and yes, the US President has an enormous impact on that particular keystone.

Now, just you waitaminute...

Are you saying that there's not enough confidence in the president?

[Jolly]

By jove, I think he's got it!

[taiwan_girl]

I agree. I have said it a couple of times that the president is like a cheerleader.

[Larry]

@taiwan_girl said in Inflation:

I agree. I have said it a couple of times that the president is like a cheerleader.

I have to admire your tenacity at hanging on to long disproven views, especially in the face of the last 12 mo tbs of example after example that utterly destroys your opinion.

[taiwan_girl]

@Larry Then, I will go back to a question I asked a while ago, though I dont believe you answered?

What are the five top data points that YOU use to measure the US economy? (for example, growing rate, unemployment, inflation, stock market grow, etc etc)

Let me know, and I will do a comparison of these data points when there is a Republican president vs. a Democratic president and see if there is a major difference.