Leading economist says inflation is over. So sad for the MAGA MORONS

Author: IwantRooseveltagain

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@WyIted
Right, as the article said. The bill did not pass.
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@WyIted
Ya genius, the article says they never got a bill passed.

His first attempt failed

“The aide said the president criticized the previous approach his administration took toward infrastructure funding — public-private partnerships. He faulted his former economic adviser. "That was a Gary [Cohn] bill," Trump said, calling it "so stupid" because, he said, "you get sued."

And his second attempt failed.

Biden got it done.
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@IwantRooseveltagain
he approved it but apparently the democrats did not agree to fund it or something. The government literally prints money so not sure why it takes any thought on how to fund it.
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@WyIted
he approved it but apparently the democrats did not agree to fund it or something. The government literally prints money so not sure why it takes any thought on how to fund it.
Wrong again. In the article it was the Republicans who objected to how the bill would be paid for.

The government literally prints money so not sure why it takes any thought on how to fund it.
Because before you can “print money” you have to be able to borrow the money by selling Treasury Bills

he approved it but apparently the democrats did not agree to fund it or something
Trump didn’t approve anything. He always takes the position of the last person he talked to.

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@WyIted
it was the Republicans who objected to how the bill would be paid for.

Weird that a party would think inflation could jeopardize their cushy government jerbz.
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jerbz
Not a word.

Either is gibs

Greyparrot
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gibs and jerbs is how you get the vibes.

Best.Korea
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@IwantRooseveltagain
Not a word.

Either is gibs
Gp read that if people dont understand what you say, they are more likely to consider you educated.

He applied it wrong, obviously. Maybe he is trying to attract more gangsters to the republican party. I dont really see educated people using those words.
FLRW
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A lot of women said I looked like Jethro Gibbs.
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@Best.Korea
It's all about vibez.
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@Best.Korea
I agree. He’s a weird guy. Did you see he has to buy his “girlfriends” cars to keep them around?
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@IwantRooseveltagain
Did you see he has to buy his “girlfriends” cars to keep them around?
He either lied either women have sex with him only for money.

Neither is a good story. A better, more accurate story would be his girlfriend buying him a car.
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@Greyparrot
it was the Republicans who objected to how the bill would be paid for.
Weird that a party would think inflation could jeopardize their cushy government jerbz.
Funny, they didn't seem concerned about it while supporting Trump's 8 trillion in new debt.
FLRW
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Sixteen Nobel prize-winning economists signed a letter on Tuesday warning that the U.S. and world economy will suffer if Republican presidential candidate Donald Trump wins the U.S. presidential election in November.
The jointly signed letter, first reported by Axios, says the economic agenda of U.S. President Joe Biden, a Democrat, is "vastly superior" to Trump's, the former Republican president seeking a second term.
The economists say Trump's economic plans would reignite inflation, in part because of his pledge to impose stiffer tariffs on Chinese imports, which they say will hike prices on many goods bought by U.S. consumers.
"While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden's economic agenda is vastly superior to Donald Trump," the economists state in their letter.

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@FLRW
Economists in 2016 predicted that Trump's plan will increase debt by about 8 trillion.

But MAGA people dont listen to experts and economists. They think Trump is God who will save them from some great and vast and total conspiracy.
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Anyone who claims tariffs can cause inflation are not (true) economists. One and only one thing causes inflation: printing money
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For the low intellect Trumpers:
The benefits of tariffs are uneven. Because a tariff is a tax, the government will see increased revenue as imports enter the domestic market. Domestic industries also benefit from a reduction in competition, since import prices are artificially inflated.

Unfortunately for consumers—both individual consumers and businesses—higher import prices mean higher prices for goods. If the price of steel is inflated due to tariffs, individual consumers pay more for products using steel, and businesses pay more for steel that they use to make goods. In short, tariffs and trade barriers tend to be pro-producer and anti-consumer.

Oh,  I just got a text:  bUtt Ah lUv trUmp-HES soo mucH smatter tha ME!

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If the price of steel is inflated due to tariffs
There is no such thing.

Inflation doesn't mean a price goes up, it means all the prices go up because the currency is devalued as a whole.
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@ADreamOfLiberty
One and only one thing causes inflation: printing money
Then maybe Trump shouldnt have printed 8 trillion dollars.

I mean, I know that MAGA knowledge of economy is bad, but how can someone make these absurd claims and think that he is making a good argument?
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@ADreamOfLiberty
Inflation doesn't mean a price goes up, it means all the prices go up
How about another joke?

Steel costs twice as much, but dont worry, the price of bananas is same so no actual inflation in the funny MAGA kingdom.
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@Best.Korea
If you get bored with the anime you might want to ask yourself why the steel from China is cheaper. Or you could keep trolling, follow your heart.
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@ADreamOfLiberty
If you get bored with the anime
I have watched same anime for at least 30 times. 

The chances of me getting bored by anime are none, as long as I dont watch too many episodes in one day.
IwantRooseveltagain
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“Grocery prices actually jumped sharply during Trump’s last year in office, as pandemic lockdowns disrupted the food supply chain and Americans were suddenly forced to eat more of their meals at home. Grocery inflation in June 2020 hit 5.6%. This was masked, however, by a plunge in other prices, as the global economy fell into pandemic recession”


Trump started the inflation when he botched the response to Covid.




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@Best.Korea
wise man