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Almost everything this administration does is inflationary. You cannot have tariffs, oil crisis, tax cuts, high debt spending without long-term investors gettin

by pu_pe 25d ago

Almost everything this administration does is inflationary. You cannot have tariffs, oil crisis, tax cuts, high debt spending without long-term investors getting worried that they won't meaningfully get their money back in 10 or 20 years from now.

usrnm 25d ago
How much of it is "the current administration" and how much is simply the continuation of a much longer trend? The US has been at war with this or that country in the Middle East for as long as I'm alive and I'm almost 40. Same with tax cuts, high spending and so on. It's easy to blame everything on Trump (or Reagan), but it seems to be a much broader issue with the whole system
- snarf21 25d ago
  Yes, this has been going on a long time. However, I think there is quite a bit of data about who is in charge or the White House and Congress when taxes go down/up or the deficit goes down/up, etc. It doesn't take more than one online search to see a very distinct pattern.
  - thenatureboy 25d ago
    [flagged]
    - cowboylowrez 25d ago
      Hehe its not that complicated, if it were, Trump wouldn't have bothered taking on the job haha according to the school of thought I've gathered from conservatives, its "loot or be looted". Not much cognitive effort needed here, "extremely complicated" lol u can miss me with that dodge
    - smallmancontrov 25d ago
      If the simple facts don't tell the story you want to hear, you'll just pile on complexity until you can't hear it. But the facts remain.
  - smallmancontrov 25d ago
    Democrats Change in Deficit --------- ----------------- Joe Biden -6.1% GDP Barack Obama -6.4% GDP Bill Clinton -5.0% GDP Jimmy Carter -0.2% GDP Republicans Change in Deficit ----------- ----------------- Donald Trump +8.6% GDP George W. Bush +11.0% GDP George H. W. Bush +1.1% GDP Ronald Reagan +0.2% GDP Gerald Ford +2.3% GDP Richard Nixon +0.7% GDP Dwight Eisenhower -1.1% GDP
    - yangikan 25d ago
      Thank you. Could you please point me to the source?
      - smallmancontrov 25d ago
        Source: https://www.whitehouse.gov/omb/information-resources/budget/historical-tables/ https://www.whitehouse.gov/omb/information-resources/budget/...
        bamboozled 25d ago
        I found this under the same domain: https://www.whitehouse.gov/lab-leak-true-origins-of-covid-19/ https://www.whitehouse.gov/lab-leak-true-origins-of-covid-19..., weird.
        smallmancontrov 25d ago
        Let's count our blessings that the ongoing campaign to fill whitehouse.gov with Republican partisan hackery doesn't extend to the boring accounting parts. Yet.
    - pjc50 25d ago
      And yet every single Fox talking head says the opposite, resulting in half the country thinking it's Democrats responsible for the deficit. Propaganda is magic.
- digitaltrees 25d ago
  Clinton balanced the budget. There was a surplus. Go read Articles from the 90s there was fear that we would pay down the debt too fast and it would harm the economy. Obama was on tracy to reduce the deficit and likely would have had the financial crisis not required stimulus. Biden was using debt to invest in infrastructure and things like power generation that would yield returns unlike tax cuts that just exacerbate wealth concentration and inflation by asset appreciation due to capital chasing the same assets. It’s not symmetrical one party is driving this and the irony is that they are the “fiscally responsible” party. No amount of discipline is possible for democrats if every time they balance the budget republicans use the savings to cut taxes further.
  - mmooss 25d ago
    Biden also had to respond to the deflationary risk of the Covid pandemic.
    - forestry 25d ago
      Printing hundreds of billions of dollars is also inflationary. Governments change but the impact of all this takes a very long time to flow through the economy.
      - mmooss 25d ago
        > Printing hundreds of billions of dollars is also inflationary. They borrow the money, but yes, inflationary is the point of doing it.
      - digitaltrees 25d ago
        Except American was in a structural slump similar to but not quite as bad as japans lost decade which meant that interest rates were stuck as near 0% percent. The inflation caused by Covid actually broke that cycle and American was on a much better path. Go look at articles from the last year of bidens term in the economist and financial times. The US had achieved a soft landing by bringing inflation down to within fed targets while avoiding a recession. We were the envy of the world. Income inequality was reducing, real wages were increasing for the first time in generations and productivity vs wages were converging. Now we’re back to chaos and inflation and wage stagnation.
- BLKNSLVR 25d ago
  Most definitely. Trump just added a little bit of gunpowder to a fire that was already burning pretty self sustainably. Just a little turbo boost to get to the dark future a bit quicker. If the fire wasn't already burning, Trump wouldn't have been able to bring such a number of cronies together - just look at the tech bros, they already had everything, but they still chose to lick the boot because they want moar!
- insane_dreamer 25d ago
  foreign policy has always been a mess, and the US has always been a bully but in terms of the deficit, the difference between Trump and other admins (Bush aside) is stark: just take a look at the table in one of the other comments (which I won't repeat here)
cowboylowrez 25d ago
Trump is surrounded by people whom appear subservient under the sort of shallow gaze that Trump can muster if he tries hard enough, but in reality Trump is of course a tool, yes a pretty clumsy one who keeps trying to remind you who is the president here, but he is just following carrots dangled by very smart people with the means to keep Trump feeling the endorphins that Trump believes he is entitled to for winning in 2024. And I gotta be honest, the carrot danglers don't seem to have a prosperous and thriving democracy in mind as one of their goals lol
- BLKNSLVR 25d ago
  There's a version of smart that they may be, but it's not a version of smart that is generally a parent of children they care about. The future they're creating, no matter how much money they have and pass on, is going to be worse for their children and grandchildren. That's not smart, that's incredibly selfish and, regarding biological legacy, self-defeating.
  - throwawayqqq11 25d ago
    * delusional. One of the few english words, i have no native equivalent in practical use. Nobody sees themself as the vilain. We all have internal narratives, painting us as the heros of the story. I feel like there is an unsolved problem in human organizations, that corrupts them over time from within, no matter if public or private institution. Trump is just a unique flashy clown that you may get with failing checks and balanced but im afraid, no matter the damage done, the delusional cogs with bloated selfesteem behind him are infinite as a selected breed, as a product/outcome of the institutions they emerged from.

by pu_pe 25d ago

usrnm 25d ago

How much of it is "the current administration" and how much is simply the continuation of a much longer trend? The US has been at war with this or that country in the Middle East for as long as I'm alive and I'm almost 40. Same with tax cuts, high spending and so on. It's easy to blame everything on Trump (or Reagan), but it seems to be a much broader issue with the whole system

snarf21 25d ago
Yes, this has been going on a long time. However, I think there is quite a bit of data about who is in charge or the White House and Congress when taxes go down/up or the deficit goes down/up, etc. It doesn't take more than one online search to see a very distinct pattern.
- thenatureboy 25d ago
  [flagged]
  - cowboylowrez 25d ago
    Hehe its not that complicated, if it were, Trump wouldn't have bothered taking on the job haha according to the school of thought I've gathered from conservatives, its "loot or be looted". Not much cognitive effort needed here, "extremely complicated" lol u can miss me with that dodge
  - smallmancontrov 25d ago
    If the simple facts don't tell the story you want to hear, you'll just pile on complexity until you can't hear it. But the facts remain.
- smallmancontrov 25d ago
  Democrats Change in Deficit --------- ----------------- Joe Biden -6.1% GDP Barack Obama -6.4% GDP Bill Clinton -5.0% GDP Jimmy Carter -0.2% GDP Republicans Change in Deficit ----------- ----------------- Donald Trump +8.6% GDP George W. Bush +11.0% GDP George H. W. Bush +1.1% GDP Ronald Reagan +0.2% GDP Gerald Ford +2.3% GDP Richard Nixon +0.7% GDP Dwight Eisenhower -1.1% GDP
  - yangikan 25d ago
    Thank you. Could you please point me to the source?
    - smallmancontrov 25d ago
      Source: https://www.whitehouse.gov/omb/information-resources/budget/historical-tables/ https://www.whitehouse.gov/omb/information-resources/budget/...
      - bamboozled 25d ago
        I found this under the same domain: https://www.whitehouse.gov/lab-leak-true-origins-of-covid-19/ https://www.whitehouse.gov/lab-leak-true-origins-of-covid-19..., weird.
        smallmancontrov 25d ago
        Let's count our blessings that the ongoing campaign to fill whitehouse.gov with Republican partisan hackery doesn't extend to the boring accounting parts. Yet.
  - pjc50 25d ago
    And yet every single Fox talking head says the opposite, resulting in half the country thinking it's Democrats responsible for the deficit. Propaganda is magic.
digitaltrees 25d ago
Clinton balanced the budget. There was a surplus. Go read Articles from the 90s there was fear that we would pay down the debt too fast and it would harm the economy. Obama was on tracy to reduce the deficit and likely would have had the financial crisis not required stimulus. Biden was using debt to invest in infrastructure and things like power generation that would yield returns unlike tax cuts that just exacerbate wealth concentration and inflation by asset appreciation due to capital chasing the same assets. It’s not symmetrical one party is driving this and the irony is that they are the “fiscally responsible” party. No amount of discipline is possible for democrats if every time they balance the budget republicans use the savings to cut taxes further.
- mmooss 25d ago
  Biden also had to respond to the deflationary risk of the Covid pandemic.
  - forestry 25d ago
    Printing hundreds of billions of dollars is also inflationary. Governments change but the impact of all this takes a very long time to flow through the economy.
    - mmooss 25d ago
      > Printing hundreds of billions of dollars is also inflationary. They borrow the money, but yes, inflationary is the point of doing it.
    - digitaltrees 25d ago
      Except American was in a structural slump similar to but not quite as bad as japans lost decade which meant that interest rates were stuck as near 0% percent. The inflation caused by Covid actually broke that cycle and American was on a much better path. Go look at articles from the last year of bidens term in the economist and financial times. The US had achieved a soft landing by bringing inflation down to within fed targets while avoiding a recession. We were the envy of the world. Income inequality was reducing, real wages were increasing for the first time in generations and productivity vs wages were converging. Now we’re back to chaos and inflation and wage stagnation.
BLKNSLVR 25d ago
Most definitely. Trump just added a little bit of gunpowder to a fire that was already burning pretty self sustainably. Just a little turbo boost to get to the dark future a bit quicker. If the fire wasn't already burning, Trump wouldn't have been able to bring such a number of cronies together - just look at the tech bros, they already had everything, but they still chose to lick the boot because they want moar!
insane_dreamer 25d ago
foreign policy has always been a mess, and the US has always been a bully but in terms of the deficit, the difference between Trump and other admins (Bush aside) is stark: just take a look at the table in one of the other comments (which I won't repeat here)

cowboylowrez 25d ago

Trump is surrounded by people whom appear subservient under the sort of shallow gaze that Trump can muster if he tries hard enough, but in reality Trump is of course a tool, yes a pretty clumsy one who keeps trying to remind you who is the president here, but he is just following carrots dangled by very smart people with the means to keep Trump feeling the endorphins that Trump believes he is entitled to for winning in 2024. And I gotta be honest, the carrot danglers don't seem to have a prosperous and thriving democracy in mind as one of their goals lol

BLKNSLVR 25d ago
There's a version of smart that they may be, but it's not a version of smart that is generally a parent of children they care about. The future they're creating, no matter how much money they have and pass on, is going to be worse for their children and grandchildren. That's not smart, that's incredibly selfish and, regarding biological legacy, self-defeating.
- throwawayqqq11 25d ago
  * delusional. One of the few english words, i have no native equivalent in practical use. Nobody sees themself as the vilain. We all have internal narratives, painting us as the heros of the story. I feel like there is an unsolved problem in human organizations, that corrupts them over time from within, no matter if public or private institution. Trump is just a unique flashy clown that you may get with failing checks and balanced but im afraid, no matter the damage done, the delusional cogs with bloated selfesteem behind him are infinite as a selected breed, as a product/outcome of the institutions they emerged from.