The Trump Effect

I saw the stock market go up. And then down.
 
You've been paying for it since he left. Will his next term be any different? Will we have another "virus" debacle? Another "war"? I hope not.

"To be sure, had the Fed not “accommodated” Trump’s fiscal madness, yields in the bond pits would have exploded higher and sent the economy tumbling into the recessionary drink. Subsequent to what would have been a deep and painful recession at the level of the Great Recession or worse, there would have been no fond memories of the Greatest Economy Ever under Donald Trump.

Of course, the Fed was run by Keynesians, including the Chairman appointed by the Donald. And so they unleashed the printing presses like never before, increasing the Fed’s balance sheet by $1.4 trillion in the month of April 2020 alone. That was more new fiat credit in 30 days than the Fed had printed during the first 95 years of its existence."

"In short, Donald Trump sowed the inflationary whirlwind with his massive economic disruptions and fiscal and monetary stimmies during 2020, while Harris-Biden reaped the whirlwind of 40-year high inflation a few months after the Donald reluctantly left town."

 
You've been paying for it since he left. Will his next term be any different? Will we have another "virus" debacle? Another "war"? I hope not.

"To be sure, had the Fed not “accommodated” Trump’s fiscal madness, yields in the bond pits would have exploded higher and sent the economy tumbling into the recessionary drink. Subsequent to what would have been a deep and painful recession at the level of the Great Recession or worse, there would have been no fond memories of the Greatest Economy Ever under Donald Trump.

Of course, the Fed was run by Keynesians, including the Chairman appointed by the Donald. And so they unleashed the printing presses like never before, increasing the Fed’s balance sheet by $1.4 trillion in the month of April 2020 alone. That was more new fiat credit in 30 days than the Fed had printed during the first 95 years of its existence."

"In short, Donald Trump sowed the inflationary whirlwind with his massive economic disruptions and fiscal and monetary stimmies during 2020, while Harris-Biden reaped the whirlwind of 40-year high inflation a few months after the Donald reluctantly left town."

You are one cantankerous little green alien.👽
 
The political rhetoric in our local leftist rag has really toned down since November 5.
 
You've been paying for it since he left. Will his next term be any different? Will we have another "virus" debacle? Another "war"? I hope not.

"To be sure, had the Fed not “accommodated” Trump’s fiscal madness, yields in the bond pits would have exploded higher and sent the economy tumbling into the recessionary drink. Subsequent to what would have been a deep and painful recession at the level of the Great Recession or worse, there would have been no fond memories of the Greatest Economy Ever under Donald Trump.

Of course, the Fed was run by Keynesians, including the Chairman appointed by the Donald. And so they unleashed the printing presses like never before, increasing the Fed’s balance sheet by $1.4 trillion in the month of April 2020 alone. That was more new fiat credit in 30 days than the Fed had printed during the first 95 years of its existence."

"In short, Donald Trump sowed the inflationary whirlwind with his massive economic disruptions and fiscal and monetary stimmies during 2020, while Harris-Biden reaped the whirlwind of 40-year high inflation a few months after the Donald reluctantly left town."

Sad that the Democrats didn’t know that or they could have won the election.
 
Sad that the Democrats didn’t know that or they could have won the election.
What makes you think they didn't? Of course, their man Biden is sure to beat Trump's "record" so they kept quiet. The reality is that no one cares about the "YUGE" national debt. It will grow even more under Trump II.
 
What makes you think they didn't? Of course, their man Biden is sure to beat Trump's "record" so they kept quiet. The reality is that no one cares about the "YUGE" national debt. It will grow even more under Trump II.
It seems that would be a pretty good talking point considering the economy/inflation was THE issue on most voters minds.

And Trump did not seem to have the National debt as a concern in his first term. What he does now is a wait and see I guess.
 
You've been paying for it since he left. Will his next term be any different? Will we have another "virus" debacle? Another "war"? I hope not.

"To be sure, had the Fed not “accommodated” Trump’s fiscal madness, yields in the bond pits would have exploded higher and sent the economy tumbling into the recessionary drink. Subsequent to what would have been a deep and painful recession at the level of the Great Recession or worse, there would have been no fond memories of the Greatest Economy Ever under Donald Trump.

Of course, the Fed was run by Keynesians, including the Chairman appointed by the Donald. And so they unleashed the printing presses like never before, increasing the Fed’s balance sheet by $1.4 trillion in the month of April 2020 alone. That was more new fiat credit in 30 days than the Fed had printed during the first 95 years of its existence."

"In short, Donald Trump sowed the inflationary whirlwind with his massive economic disruptions and fiscal and monetary stimmies during 2020, while Harris-Biden reaped the whirlwind of 40-year high inflation a few months after the Donald reluctantly left town."

not sure if you noticed but congress was the one sending out the PPP and the stimi checks and the $1000 a week unemployeement checks regardless of how much you normally make. We had one day a week employees getting $1000 a week and it ended up being tax free. Some essental workers were forced to work at min wage jobs and their checks were still taxable. If you notice biden came in and continued the same madness as you call it.

The money supply (M2) increasd by 7.6 trillion dollars over the past 6 years. Not sure why so many people are downplaying it's effect on prices and inflation. You can't keep slicing the pie into smaller and smaller slices and think no one will notice.
 
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The money supply (M2) increasd by 7.6 trillion dollars over the past 6 years. Not sure why so many people are downplaying it's effect on prices and inflation. You can't keep slicing the pie into smaller and smaller slices and think no one will notice.
I was taught by my economics professor that inflation is caused by too many dollars chasing too few goods. Considering that the government dumped a bunch of money into the economy even though production was strangled by the shutdown... The inflation we saw and are still dealing with it's aftermath, is inevitable.
 
I was taught by my economics professor that inflation is caused by too many dollars chasing too few goods. Considering that the government dumped a bunch of money into the economy even though production was strangled by the shutdown... The inflation we saw and are still dealing with it's aftermath, is inevitable.
M2 is still an issue, if printing money did not cause inflation we would just print enough money each year to wipe out the deficit plus a trillion or two of the national debt. The Fed knows the populace will accept an longterm inflation rate as high as 3% without a revolt so that's why they target 2% to 2.5% inflation rate.
 
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