The Trump Economy

[Pio1980]

HCR on Biden vs Trump economic policy

https://substack.com/app-link/post?p...l2m7r9Ur5gEDf0

[Dondilion]

Originally Posted by Pio1980

HCR on Biden vs Trump economic policy

https://substack.com/app-link/post?p...l2m7r9Ur5gEDf0

If the Biden economy was such a roaring success then majority of the people would have sensed it.

[donquixote99]

Originally Posted by Dondilion

If the Biden economy was such a roaring success then majority of the people would have sensed it.

I challenge your premise. It amounts to saying economic performance is whatever popular opinion says it is, no matter how income is growing or any other objective measure.

[Dondilion]

Originally Posted by donquixote99

I challenge your premise. It amounts to saying economic performance is whatever popular opinion says it is, no matter how income is growing or any other objective measure.

Some of the measurements are bogus. Some do not reflect reality.
A couple making 100k per year said that they do not want to have kids because day care is too expensive.
The majority of the people sense that. They do not believe the civil servants with their many revised employment numbers. When one lift the hood of these data...what is there?
Part time jobs.
Lost of good paying full time jobs
A bloat of government jobs.

[donquixote99]

On the one hand we have data used and relied-upon by the entire financial industry. On the other we have:
annecdote: one couple's reported decision
One price point, not sourced or dated.
A data-free reference to shelter-cost.
A data-free reference to closings in the reastaurant industry. (Hint--look at openings too.)
A claim that people sense inflation.
A data-free claim that employment data is questionable.

Basically, seems to me all you have is subjective distrust of institutions, in this case the ones doing official econometrics. Lot of that distrust going around, but I am not persuaded you can justify it. I think instead you have been led to distrust by liars seking to exploit such distrust politically.

[Rajoo]

^^Dondi is a Musk fan and the latest from Musk is a poll he ran on his own forum X asking people to vote on "deleting" the IRS. Guess what, the Xers overwhelmingly voted to delete the IRS which will practically bankrupt the Federal government.

From personal experience, we had to wait over two months for our mortgage approval because the bank required IRS verification of our tax filing and this was during Covid. Go ahead and delete the IRS and I will be laughing all the way to the bank.

[Dondilion]

Limitations of the Consumer Price Index CPI

https://www.investopedia.com/ask/ans...-index-cpi.asp

[Oasis]

Only insane MAGA folk say the Biden economy was really bad, and a few poorly informed others.

[Chicks]

The consequences of Trump’s tariff threats
https://www.brookings.edu/articles/t...ariff-threats/

We can only hope that his idiot advisers will tone this stupidity down once the MAGA faithful finally wake up to the reality of MUCH higher prices.

[4r54r5]

I say let him do it and when the MAGAs see the prices of pickups, groceries and gas go up then I can say "You voted for him, Let Trump Fix It".