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    All Forums | Politics

    Trump's trade war caused the inflation crisis

    «First Previous 123
    baish2012
    kcblitzkrieg
    nature1970
    Zeus4par
    KellyM_1964
    ...
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    «First Previous 123
     
    baish2012
    baish2012
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    Posted: Sep. 28, 2022 - 4:54 PM ET #51

    Quote Originally Posted by fubah2:

    Quote Originally Posted by Sidehatch: Oh I agree that it’s not all Chump’s fault, but I do believe that he started the inflation snowball rolling down the mountain with his tariffs against numerous countries, and his other harebrained economic policies. Once the snowball got rolling with the tariffs, then you throw on his flawed tax plan, coupled with threats against Jerome Powell prepandemic. Now add on his deficit spending and then Covid, and the pandemic aggravation of supply chain issues. Add a war or two on top and we now have a full on avalanche. Tariffs and the subsequent retaliatory tariffs impact countries on all sides of the equation by increasing everyone’s costs. Trump never cared enough to understand that.

     

    Agree 100%  peace_5

     

    I will second that!

    Reply

    Quote Originally Posted by fubah2:

    Quote Originally Posted by Sidehatch: Oh I agree that it’s not all Chump’s fault, but I do believe that he started the inflation snowball rolling down the mountain with his tariffs against numerous countries, and his other harebrained economic policies. Once the snowball got rolling with the tariffs, then you throw on his flawed tax plan, coupled with threats against Jerome Powell prepandemic. Now add on his deficit spending and then Covid, and the pandemic aggravation of supply chain issues. Add a war or two on top and we now have a full on avalanche. Tariffs and the subsequent retaliatory tariffs impact countries on all sides of the equation by increasing everyone’s costs. Trump never cared enough to understand that.

     

    Agree 100%  peace_5

     

    I will second that!

     
    kcblitzkrieg
    kcblitzkrieg
    Captain
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    Joined: Jan, 2008
    Posts: 7999
    Posted: Oct. 12, 2022 - 12:35 PM ET #52

    eDUmaCate yourselves...

     

    https://www.covers.com/forum/penalty-box-41/stock-market-soaring-under-democratic-leadership-103517432/12

    Time is a flat circle....
    Reply

    eDUmaCate yourselves...

     

    https://www.covers.com/forum/penalty-box-41/stock-market-soaring-under-democratic-leadership-103517432/12

     
    kcblitzkrieg
    kcblitzkrieg
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    Posts: 7999
    Posted: Oct. 14, 2022 - 11:58 AM ET #53

    "just a little recession" an_beatup

    Time is a flat circle....
    Reply

    "just a little recession" an_beatup

     
    nature1970
    nature1970
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    Posts: 21593
    Posted: Oct. 14, 2022 - 1:15 PM ET #54

    Traitor to the oath of office .

    Tried to hang the duly elected vice president.

    Not in some consulate in bengazi. Down town dc in broad daylight.

    His pals Kim Un and Putin threatened to nuke the USA.

    We?...well we don't negotiate with terrorists.

    He can take his party the shat stain of America. And say.

    They are Americans try to take em away.

    Reply

    Traitor to the oath of office .

    Tried to hang the duly elected vice president.

    Not in some consulate in bengazi. Down town dc in broad daylight.

    His pals Kim Un and Putin threatened to nuke the USA.

    We?...well we don't negotiate with terrorists.

    He can take his party the shat stain of America. And say.

    They are Americans try to take em away.

     
    nature1970
    nature1970
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    Joined: Jan, 2015
    Posts: 21593
    Posted: Oct. 14, 2022 - 1:30 PM ET #55

    We the people of the United States.

     

    Live on the greatest nation given earth.

    We have never lost a war since the pilgrims landed.

    We never rewrote our constitution. Through science education and sheer determination made the world illuminated. We can accept people territory and such... But we won't give any of it back...

    And we don't cry victim, we don't say we surrender we give our enemies no quarter....

    For the sake of Christ we are blessed.

    Achievement...

    We produce more oil than any other nation 

    We grow more grain than any other nation

    We have more cars.

    Schools 

    Books .

    And the greatest army of earth.

    And we're not gonna apologize cause your stuff didn't work. We made our nation and our money states in God we trust.

    Whine to someone else

    Reply

    We the people of the United States.

     

    Live on the greatest nation given earth.

    We have never lost a war since the pilgrims landed.

    We never rewrote our constitution. Through science education and sheer determination made the world illuminated. We can accept people territory and such... But we won't give any of it back...

    And we don't cry victim, we don't say we surrender we give our enemies no quarter....

    For the sake of Christ we are blessed.

    Achievement...

    We produce more oil than any other nation 

    We grow more grain than any other nation

    We have more cars.

    Schools 

    Books .

    And the greatest army of earth.

    And we're not gonna apologize cause your stuff didn't work. We made our nation and our money states in God we trust.

    Whine to someone else

     
    Zeus4par
    Zeus4par
    Captain
    Participation Meter
    Joined: Jul, 2021
    Posts: 6070
    Posted: Oct. 14, 2022 - 6:49 PM ET #56

    Quote Originally Posted by nature1970:

    Traitor to the oath of office . Tried to hang the duly elected vice president. Not in some consulate in bengazi. Down town dc in broad daylight. His pals Kim Un and Putin threatened to nuke the USA. We?...well we don't negotiate with terrorists. He can take his party the shat stain of America. And say. They are Americans try to take em away.

    peace_5

    Reply

    Quote Originally Posted by nature1970:

    Traitor to the oath of office . Tried to hang the duly elected vice president. Not in some consulate in bengazi. Down town dc in broad daylight. His pals Kim Un and Putin threatened to nuke the USA. We?...well we don't negotiate with terrorists. He can take his party the shat stain of America. And say. They are Americans try to take em away.

    peace_5

     
    KellyM_1964
    KellyM_1964
    MVP
    Participation Meter
    Joined: May, 2009
    Posts: 16775
    Posted: Oct. 17, 2022 - 10:14 PM ET #57

    wow !!!    cut this from msn ::

     

    The co-founder of Donald Trump's media business, Trump Media and Technology Group (TMTG), has become a whistleblower, claiming the firm used "fraudulent misrepresentations" to raise over $1 billion in funding. It's the latest in a string of controversies for the parent company of Trump's failing social media network

    an_roll_laugh

    "I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
    Reply

    wow !!!    cut this from msn ::

     

    The co-founder of Donald Trump's media business, Trump Media and Technology Group (TMTG), has become a whistleblower, claiming the firm used "fraudulent misrepresentations" to raise over $1 billion in funding. It's the latest in a string of controversies for the parent company of Trump's failing social media network

    an_roll_laugh

     
    kcblitzkrieg
    kcblitzkrieg
    Captain
    Participation Meter
    Joined: Jan, 2008
    Posts: 7999
    Posted: Oct. 18, 2022 - 4:36 PM ET #58

    Quote Originally Posted by nature1970:

    We the people of the United States.   Live on the greatest nation given earth. We have never lost a war since the pilgrims landed. We never rewrote our constitution. Through science education and sheer determination made the world illuminated. We can accept people territory and such... But we won't give any of it back... And we don't cry victim, we don't say we surrender we give our enemies no quarter.... For the sake of Christ we are blessed. Achievement... We produce more oil than any other nation  We grow more grain than any other nation We have more cars. Schools  Books . And the greatest army of earth. And we're not gonna apologize cause your stuff didn't work. We made our nation and our money states in God we trust. Whine to someone else

     

    great summary response to this post right here....its a few minutes long, watch it and educate yourselves....  also, Vietnam is on line #1 with a history lesson for you an_wink

    Time is a flat circle....
    Reply

    Quote Originally Posted by nature1970:

    We the people of the United States.   Live on the greatest nation given earth. We have never lost a war since the pilgrims landed. We never rewrote our constitution. Through science education and sheer determination made the world illuminated. We can accept people territory and such... But we won't give any of it back... And we don't cry victim, we don't say we surrender we give our enemies no quarter.... For the sake of Christ we are blessed. Achievement... We produce more oil than any other nation  We grow more grain than any other nation We have more cars. Schools  Books . And the greatest army of earth. And we're not gonna apologize cause your stuff didn't work. We made our nation and our money states in God we trust. Whine to someone else

     

    great summary response to this post right here....its a few minutes long, watch it and educate yourselves....  also, Vietnam is on line #1 with a history lesson for you an_wink

     
    Zeus4par
    Zeus4par
    Captain
    Participation Meter
    Joined: Jul, 2021
    Posts: 6070
    Posted: Jan. 11, 2023 - 6:09 PM ET #59

    Quote Originally Posted by Sidehatch:

    According to a recent Moody’s Investor Service report, the Trump tariffs “hit American businesses and consumers hardest,” with China absorbing only 7.6 percent of the tariffs “while the rest of the tab was picked up by Americans.”   https://nrf.com/blog/lower-inflation-through-tariff-relief

     

    Straight forward facts.  That's where it began.  Thanks Sidehatch peace_5

     

     

     

    Reply

    Quote Originally Posted by Sidehatch:

    According to a recent Moody’s Investor Service report, the Trump tariffs “hit American businesses and consumers hardest,” with China absorbing only 7.6 percent of the tariffs “while the rest of the tab was picked up by Americans.”   https://nrf.com/blog/lower-inflation-through-tariff-relief

     

    Straight forward facts.  That's where it began.  Thanks Sidehatch peace_5

     

     

     

     
    UNIMAN
    UNIMAN
    All-Star
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    Joined: Jul, 2014
    Posts: 10454
    Posted: Jan. 11, 2023 - 6:25 PM ET #60

    Quote Originally Posted by wallstreetcappers:

    I dont think this is accurate.   This inflation is a supply issue and not just China imports, we are seeing domestic supply issues and supply issues in Europe as well, so while Trump deserves to be knocked around for being a jerk and a lousy president its not tariffs which caused this IMO of course. Inflation is either excess demand or insufficient supply and I do not see excess demand in the economy to generate inflation like this. The FED tried for like 15 yrs to generate 2% inflation and could not create it from a demand perspective, so when Covid came and we started seeing supply issues from around the world then inflation came like a tsunami and since most economies and almost all companies run a JIT style system (Just in Time) to maximize holding costs then a kink in the supply chain can destroy the whole system and to me that is completely what is causing this.

    I agree with most of this assessment and the timing of the all out going green Biden admin. Excessive spending and attacking our oil industry from the get go inflated the expected inflation. Add to that no desire to avoid a war in the Ukraine and you take a bad situation and make it worse. And Trump was and is a jerk a lot but not a lousy president considering the bullshit he went through and still is going through.

    Reply

    Quote Originally Posted by wallstreetcappers:

    I dont think this is accurate.   This inflation is a supply issue and not just China imports, we are seeing domestic supply issues and supply issues in Europe as well, so while Trump deserves to be knocked around for being a jerk and a lousy president its not tariffs which caused this IMO of course. Inflation is either excess demand or insufficient supply and I do not see excess demand in the economy to generate inflation like this. The FED tried for like 15 yrs to generate 2% inflation and could not create it from a demand perspective, so when Covid came and we started seeing supply issues from around the world then inflation came like a tsunami and since most economies and almost all companies run a JIT style system (Just in Time) to maximize holding costs then a kink in the supply chain can destroy the whole system and to me that is completely what is causing this.

    I agree with most of this assessment and the timing of the all out going green Biden admin. Excessive spending and attacking our oil industry from the get go inflated the expected inflation. Add to that no desire to avoid a war in the Ukraine and you take a bad situation and make it worse. And Trump was and is a jerk a lot but not a lousy president considering the bullshit he went through and still is going through.

     
     
    fubah2
    fubah2
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    Posted: Jan. 11, 2023 - 9:45 PM ET #61

    Quote Originally Posted by Zeus4par:

    Quote Originally Posted by Sidehatch: According to a recent Moody’s Investor Service report, the Trump tariffs “hit American businesses and consumers hardest,” with China absorbing only 7.6 percent of the tariffs “while the rest of the tab was picked up by Americans.”   https://nrf.com/blog/lower-inflation-through-tariff-relief  

    Straight forward facts.  That's where it began.  Thanks Sidehatch

     

    I am in agreement since the facts speak for themselves  peace_5

     

     

     

    Reply

    Quote Originally Posted by Zeus4par:

    Quote Originally Posted by Sidehatch: According to a recent Moody’s Investor Service report, the Trump tariffs “hit American businesses and consumers hardest,” with China absorbing only 7.6 percent of the tariffs “while the rest of the tab was picked up by Americans.”   https://nrf.com/blog/lower-inflation-through-tariff-relief  

    Straight forward facts.  That's where it began.  Thanks Sidehatch

     

    I am in agreement since the facts speak for themselves  peace_5

     

     

     

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