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Based on just the current state of the economy I would LOVE to have Trump back in office.

qqqwerty 4y ago
Trump pressuring the Fed to keep interest rates low is exactly why we are in this mess in the first place. Had he done the responsible thing and allowed the Fed to raise rates while the economy was hot, then we would have had more wiggle room when covid hit. If you truly think Trump could resolve this issue, then please explain exactly what he would do to resolve it. I hate to break it to you, but more liberal tears are not a solution to higher inflation.
- thehappypm 4y ago
  Trump lowered interest rates to near 0%, what are you talking about exactly?
  - JoeAltmaier 4y ago
    Just wrong. https://www.statista.com/statistics/187616/effective-rate-of-us-federal-funds-monthly/ https://www.statista.com/statistics/187616/effective-rate-of...
    - thehappypm 4y ago
      …
    - Izkata 4y ago
      What do you mean wrong? That link confirms what they said.
      - JoeAltmaier 4y ago
        Oh, you mean a symbolic lowering at the end of term to get votes? Yes that happened. But rates were not zero at any other time during that term. One can speculate that they would have gone right up again had the election decided differently.
        thehappypm 4y ago
        Trump was president in 2020 when the pandemic hit and interest rates dropped, are you forgetting that?
        JoeAltmaier 4y ago
        ...just in time for the election
- misiti3780 4y ago
  Biden's spending policies are also to blame.
  - qqqwerty 4y ago
    The CARES Act was signed by Trump and was $2.2 trillion. The American Rescue Plan was signed by Biden and was $1.9 trillion. And yet you blame Biden? Meanwhile the current Fed chair, a Trump nominee, has way more control over inflation and was responsible for raising interest rates way too late. And yet you blame Biden? I am still waiting on an answer as to what exactly Trump would do to curb inflation if he were in office. As far as I understand, wishful thinking and partisanship does not impact wheat prices.
    - thehappypm 4y ago
      American Rescue Plan may not have been necessary. Biden became president when vaccine rollout was already happening; we were entering a new pandemic phase of hope and recovery. I fully blame ARP for inflation being 8% and not 5%.
crypot 4y ago
All of Trump's policies were inflationary. Tax cuts, trade war with China, limiting immigration and threatening to leave NATO. The only good thing would be that OPEC+ would almost certainly be producing more oil since Saudi Arabia much prefers Trump. They even recently invested $2 billion dollars in his son in laws fledgling investment fund.
- ErikVandeWater 4y ago
  You forgot his reduction of regulations, of which at the very least some were deflationary.
- marcusverus 4y ago
  > All of Trump's policies were inflationary. And yet there was no inflation to speak of. Weird.
mjmsmith 4y ago
"Just" is doing a lot of work here if it means "ignoring him being an existential threat to democracy".

Trump pressuring the Fed to keep interest rates low is exactly why we are in this mess in the first place. Had he done the responsible thing and allowed the Fed to raise rates while the economy was hot, then we would have had more wiggle room when covid hit. If you truly think Trump could resolve this issue, then please explain exactly what he would do to resolve it. I hate to break it to you, but more liberal tears are not a solution to higher inflation.

thehappypm 4y ago
Trump lowered interest rates to near 0%, what are you talking about exactly?
- JoeAltmaier 4y ago
  Just wrong. https://www.statista.com/statistics/187616/effective-rate-of-us-federal-funds-monthly/ https://www.statista.com/statistics/187616/effective-rate-of...
  - thehappypm 4y ago
    …
  - Izkata 4y ago
    What do you mean wrong? That link confirms what they said.
    - JoeAltmaier 4y ago
      Oh, you mean a symbolic lowering at the end of term to get votes? Yes that happened. But rates were not zero at any other time during that term. One can speculate that they would have gone right up again had the election decided differently.
      - thehappypm 4y ago
        Trump was president in 2020 when the pandemic hit and interest rates dropped, are you forgetting that?
        JoeAltmaier 4y ago
        ...just in time for the election
misiti3780 4y ago
Biden's spending policies are also to blame.
- qqqwerty 4y ago
  The CARES Act was signed by Trump and was $2.2 trillion. The American Rescue Plan was signed by Biden and was $1.9 trillion. And yet you blame Biden? Meanwhile the current Fed chair, a Trump nominee, has way more control over inflation and was responsible for raising interest rates way too late. And yet you blame Biden? I am still waiting on an answer as to what exactly Trump would do to curb inflation if he were in office. As far as I understand, wishful thinking and partisanship does not impact wheat prices.
  - thehappypm 4y ago
    American Rescue Plan may not have been necessary. Biden became president when vaccine rollout was already happening; we were entering a new pandemic phase of hope and recovery. I fully blame ARP for inflation being 8% and not 5%.

crypot 4y ago

All of Trump's policies were inflationary. Tax cuts, trade war with China, limiting immigration and threatening to leave NATO. The only good thing would be that OPEC+ would almost certainly be producing more oil since Saudi Arabia much prefers Trump. They even recently invested $2 billion dollars in his son in laws fledgling investment fund.

ErikVandeWater 4y ago
You forgot his reduction of regulations, of which at the very least some were deflationary.
marcusverus 4y ago
> All of Trump's policies were inflationary. And yet there was no inflation to speak of. Weird.

mjmsmith 4y ago

"Just" is doing a lot of work here if it means "ignoring him being an existential threat to democracy".