2024 US Presidential Election

[armedoldhippy]

it's funny in a twisted way watching his supporters pretend he is sane.

no more "twisted" than them thinking they are intelligent enough to vote... maybe we SHOULD have stricter standards for voters...

 

[xtsho]

I bet at least 90% of the maga couldn't pass the citizenship test that immigrants have to pass to become citizens.

 

[Hiddenjems]

no no no DEI is the cause of inflation. my feelings don't care bout ya facts.

Government spending and giving away billions is what spiked inflation.

I know many people who collected upwards of $800 a week in pandemic unemployment for a year. I watched weed prices in my local market skyrocket because of this. People that were usually broke were at dealers houses offering $300-$400 a zip.

 

[xtsho]

Government spending and giving away billions is what spiked inflation.

I know many people who collected upwards of $800 a week in pandemic unemployment for a year. I watched weed prices in my local market skyrocket because of this. People that were usually broke were at dealers houses offering $300-$400 a zip.

Pandemic bailouts had a minimal effect on inflation. Supply chain issues and shortages were the primary driving factor behind the spike in the inflation rate.

Black market cannabis prices don't mean anything as far as the real economy or inflation is concerned.

The government pumping money into the economy was necessary. It's better to have a temporary spike in inflation than to have a complete economic meltdown. The economy is driven by consumer spending. If people don't spend then goods are not being purchased and demand goes down which means producers of goods produce less which leads to less spending in the business sector which leads to B2B suppliers going out of business, workers being laid off, increased unemployment, and a economic collapse. Without an infusion of cash into the economy we could have very likely ended up in a depression.

High inflation is in the rear view mirror. It's below 3%. The target rate is 2%. Prices are not coming down for some goods because companies are not lowering the prices that they raised due to high inflation. It's called greed and price gouging.

 

[Hiddenjems]

Pandemic bailouts had a minimal effect on inflation. Supply chain issues and shortages were the primary driving factor behind the spike in the inflation rate.

Black market cannabis prices don't mean anything as far as the real economy or inflation is concerned.

The government pumping money into the economy was necessary. It's better to have a temporary spike in inflation than to have a complete economic meltdown. The economy is driven by consumer spending. If people don't spend then goods are not being purchased and demand goes down which means producers of goods produce less which leads to less spending in the business sector which leads to B2B suppliers going out of business, workers being laid off, increased unemployment, and a economic collapse. Without an infusion of cash into the economy we could have very likely ended up in a depression.

High inflation is in the rear view mirror. It's below 3%. The target rate is 2%. Prices are not coming down for some goods because companies are not lowering the prices that they raised due to high inflation. It's called greed and price gouging.

You’ve bought into the heat by year inflation scam. Look at cumulative inflation from 2019-2024. Everything is still up around 30% with the same incomes.

So how is inflation not an issue now?

 

[greyfader]

i wonder why we're not hearing more about trump increasing the national debt by 50% from 14 trillion to 21 trillion in just 4 years?

i find it rich that trump supporters think he is capable of handling the economy. it looks like everything he has ever touched has turned into a pile of shit!

Trump Has Filed For Six Business Bankruptcies​

Trump, however, filed for bankruptcy regarding these companies:

• The Trump Taj Mahal in 1991 — Trump financed the completion of the Taj Mahal casino construction with $675 million in junk bonds at 14 percent interest. In 1992, the casino was in debt by $3 billion. Trump ended up owing approximately $900 million in personal liabilities. To keep the casino open, Trump made a deal with lenders by giving up his half of ownership and equity in the entity. He sold his airplane and his 220-foot yacht and agreed to a bank-set limit on his spending if he would lower the interest rate and have more time to make his loan payments.
• Trump Castle Hotel & Casino in 1992 and Trump Plaza Casino 1992 — In less than a year, Trump filed for Chapter 11 protection for two more Atlantic City hotel-casinos. Trump was unable to make the principle and interest payments on bonds. At this point, the Taj Mahal was competing with the hotel-casinos Trump Plaza ($550 million in debt) and Trump’s Castle ($338 million in debt). Trump forfeited a 50 percent share in exchange for better terms on the money he owed.
• Trump Plaza Hotel 1992 — This was the year that Trump filed for bankruptcy protection over the Trump Plaza Hotel. Trump gave up his 49 percent stake in the property to secure better terms from lenders on the hotel’s debt of over $550 million.
• Trump Hotels and Casinos Resorts in 2004 — At this time, Trump had already consolidated his three casinos, and some other properties, under one company. In 2004, He sought Chapter 11 bankruptcy protection for the entity and filed in the area of $1.8 billion of debt. Once more, Trump’s ownership was lessened from 47 percent to 27 percent so that he could get more favorable terms from lenders.
• Trump Entertainment Resorts in 2009 — Trump Hotels and Casino Resorts were renamed Trump Entertainment Resorts (TER) after the 2004 bankruptcy. In 2009, TER filed for Chapter 11 with a debt of $1.2 billion. Trump reduced his ownership to 10 percent and resigned as chairman of the board.

Critics cite that the Trump corporate bankruptcies are examples of his inability to manage, his recklessness, and poor business acumen. Trump answers that criticism by stating he has used federal laws to protect his business interests. This idea is an example, he says, of his business insight and outstanding intelligence. Trump stated in August 2015:

“I have used the laws of this country just like the greatest people that you read about every day in business have used the laws of this country, the chapter laws, to do a great job for my company, my employees, myself and my family.”

In reporting from the New York Times, in 2016, Trump put up a small amount of his own money, moved personal debts to the casinos, and was awarded millions of dollars in salary, payments, and bonuses. The Times countered by sharing that the burden of his failures fell on the investors and those who bought into his business acumen self-assessment.

Three of the casino-related bankruptcies came about during the time of the early 1990s recession and the Gulf War crisis. Both of these situations made keeping Atlantic City, New Jersey gambling facilities face some hard times. At about this same time, Trump entered into a project that involved a Manhattan hotel and two casino holding companies.

Additional Trump Business Failures​

All the following projects created by Trump failed but did not result in bankruptcies, although those who spent money on some of these products were sorry they had participated.:

1. Trumped!​

A syndicated radio spot

2. Trump Steaks​

T-bones to eat at home that tasted as good as the ones he served in his restaurants

3. Trump Network​

Nutritional supplements

4. GoTrump​

Online travel site

5. Tour de Trump​

Bicycle race

6. Trump Airlines​

7. Trump Vodka​

8. The New Jersey Generals​

Pro football team

9. Trump Mortgage​

10. Trump: The Game​

11. Trump Magazine​

12. Trump Ice​

Bottled water

13. Trump University​

 

[greyfader]

You’ve bought into the heat by year inflation scam. Look at cumulative inflation from 2019-2024. Everything is still up around 30% with the same incomes.

So how is inflation not an issue now?

the inflationary spiral that we've all just witnessed began under the trump administration. it was due to the supply and labor issues surrounding covid. who let covid into the country and did absolutely nothing to stop the spread for 5 months? while he said, "i want to play it down".

the real question you should be asking is why did trump not act sooner to control covid?

biden inherited the beginning of the inflationary spiral began by trump. it takes time to correct massive mistakes like that.

trump supporters are forgetting that trump made the mess and now they're blaming biden for not cleaning it up fast enough.

inflation is a permanent part of economics. it is always there. it's the rate of inflation that matters. economists like to see a rate of about 2% and consider that acceptable.

so, the idea that trump, if elected, will be able to roll back prices to pre-covid levels is a non-starter. to do that he would not only have to control current inflation but also go back in time and erase the normal inflation that would have occurred no matter who was president.

i just paid 2.87 for a gallon of gas to fill up my car this morning. supermarket prices are finally going back down because consumers have cut back on buying expensive or unnecessary items. major supermarket chains have been gouging us using covid as an excuse.

supply and demand has more to do with inflation than the influence of a president.

 

[xtsho]

You’ve bought into the heat by year inflation scam. Look at cumulative inflation from 2019-2024. Everything is still up around 30% with the same incomes.

So how is inflation not an issue now?

Oh good grief. The current inflation rate is below 3%. The cumulative inflation rate for the period you mentioned is 23%. So you're way off with your numbers.

The economy is like a car. Money is the gas. When a car runs out of gas it stops. An infusion of money was needed to keep the economy moving.

That's a very simple analogy that anyone should be able to understand.

 

[Hiddenjems]

Oh good grief. The current inflation rate is below 3%. The cumulative inflation rate for the period you mentioned is 23%. So you're way off with your numbers.

The economy is like a car. Money is the gas. When a car runs out of gas it stops. An infusion of money was needed to keep the economy moving.

That's a very simple analogy that anyone should be able to understand.

On average people in my area are spending $800+ more per month on the same thing they spent it on 4 years ago with no increase in wages.

But keep saying the economy is fine. It plays into trumps rhetoric.

 

[Hiddenjems]

the inflationary spiral that we've all just witnessed began under the trump administration. it was due to the supply and labor issues surrounding covid. who let covid into the country and did absolutely nothing to stop the spread for 5 months? while he said, "i want to play it down".

the real question you should be asking is why did trump not act sooner to control covid?

biden inherited the beginning of the inflationary spiral began by trump. it takes time to correct massive mistakes like that.

trump supporters are forgetting that trump made the mess and now they're blaming biden for not cleaning it up fast enough.

inflation is a permanent part of economics. it is always there. it's the rate of inflation that matters. economists like to see a rate of about 2% and consider that acceptable.

so, the idea that trump, if elected, will be able to roll back prices to pre-covid levels is a non-starter. to do that he would not only have to control current inflation but also go back in time and erase the normal inflation that would have occurred no matter who was president.

i just paid 2.87 for a gallon of gas to fill up my car this morning. supermarket prices are finally going back down because consumers have cut back on buying expensive or unnecessary items. major supermarket chains have been gouging us using covid as an excuse.

supply and demand has more to do with inflation than the influence of a president.

Inflation is only permanent with central banks and fiat currency.

I’m very glad I have a safe bolted to my basement floor full of metals….

 

[Hiddenjems]

the inflationary spiral that we've all just witnessed began under the trump administration. it was due to the supply and labor issues surrounding covid. who let covid into the country and did absolutely nothing to stop the spread for 5 months? while he said, "i want to play it down".

the real question you should be asking is why did trump not act sooner to control covid?

biden inherited the beginning of the inflationary spiral began by trump. it takes time to correct massive mistakes like that.

trump supporters are forgetting that trump made the mess and now they're blaming biden for not cleaning it up fast enough.

inflation is a permanent part of economics. it is always there. it's the rate of inflation that matters. economists like to see a rate of about 2% and consider that acceptable.

so, the idea that trump, if elected, will be able to roll back prices to pre-covid levels is a non-starter. to do that he would not only have to control current inflation but also go back in time and erase the normal inflation that would have occurred no matter who was president.

i just paid 2.87 for a gallon of gas to fill up my car this morning. supermarket prices are finally going back down because consumers have cut back on buying expensive or unnecessary items. major supermarket chains have been gouging us using covid as an excuse.

supply and demand has more to do with inflation than the influence of a president.

Arguing over who owns the issue the most is a deflection. How does it get fixed?

 

[xtsho]

On average people in my area are spending $800+ more per month on the same thing they spent it on 4 years ago with no increase in wages.

But keep saying the economy is fine. It plays into trumps rhetoric.

I never said the economy is fine but it's getting better and will continue to do so.

And how am I playing into trumps rhetoric? trump is saying the opposite. trump is saying the economy is terrible and will get worse unless he's elected. trumps rhetoric is opposite of what I've said regarding the economy.

You seem a little lost today.

 

[xtsho]

U.S. consumer spending increased solidly in July, suggesting the economy remained strong while prices rose moderately.

"Investors are seeing another sign of being in a soft landing," said Cameron Dawson, chief investment officer at Newedge Wealth. "It's another one of those Goldilocks kind of reports really threading a needle right down the center. The market is really getting exactly what it wanted."

A "just-right" Goldilocks economy has steady growth, but not too much that it fuels excessive inflation.

 

[armedoldhippy]

just paid 2.87 for a gallon of gas to fill up my car this morning. supermarket prices are finally going back down because consumers have cut back on buying expensive or unnecessary items. major supermarket chains have been gouging us using covid as an excuse.

$2.72 here, before my 15 cent discount from the grocery store. lots of the stuff they jacked prices up on are now BOGO, lol...

 

[PadawanWarrior]

Government spending and giving away billions is what spiked inflation.

I know many people who collected upwards of $800 a week in pandemic unemployment for a year. I watched weed prices in my local market skyrocket because of this. People that were usually broke were at dealers houses offering $300-$400 a zip.

Exactly. Too bad the other side can't be convinced no matter how many facts you throw at them. It's really not that complicated. It's basic economics.

 

[greyfader]

Inflation is only permanent with central banks and fiat currency.

I’m very glad I have a safe bolted to my basement floor full of metals….

inflation is a well-known and understood fixture in any economy in the civilized world.

it is always there. it's the rate that matters.

 

[greyfader]

Exactly. Too bad the other side can't be convinced no matter how many facts you throw at them. It's really not that complicated. It's basic economics.

i was thinking the same thing. what happens now in an economy is a reaction to what happened before. there is a built-in time delay that trump supporters don't want to acknowledge.

what do you have to say about trump driving up the national debt by 50% in a four-year period? it went from 14 trillion to 21 trillion under his watch.

you can consider this to be a direct question aimed at you and hiddemjems?

what do you guys have to say about this inescapable fact?

 

[Hiddenjems]

inflation is a well-known and understood fixture in any economy in the civilized world.

it is always there. it's the rate that matters.

Central banking and fiat currency go along with the growth model that’s destroying everything.

 

[Hiddenjems]

I never said the economy is fine but it's getting better and will continue to do so.

And how am I playing into trumps rhetoric? trump is saying the opposite. trump is saying the economy is terrible and will get worse unless he's elected. trumps rhetoric is opposite of what I've said regarding the economy.

You seem a little lost today.

I can’t believe I have to explain this.


Trump is saying that dems are saying everything is fine with the economy. Anyone saying the economy is ok when it really isn’t, is feeding into his rhetoric.

 

[PadawanWarrior]

i was thinking the same thing. what happens now in an economy is a reaction to what happened before. there is a built-in time delay that trump supporters don't want to acknowledge.

what do you have to say about trump driving up the national debt by 50% in a four-year period? it went from 14 trillion to 21 trillion under his watch.

you can consider this to be a direct question aimed at you and hiddemjems?

what do you guys have to say about this inescapable fact?

If you really believe this crazy high inflation is Trump's fault you're delusional man, and there's nothing I could say that would wake you up. But this is the typical response I expect from the dems.