Would the U.S. Economy Be Better Under Donald Trump?
There are only a couple things a president can do to influence inflation — and Donald Trump’s done both.
Maximilian Bauer, earned his degree in International Economics and Finance from the University of St. Gallen in Switzerland in 2014. He has dedicated his career to understanding the dynamics of the European Union economies, working as a strategic analyst in German banks and providing consultancy to the European Central Bank. Maximilian is well-versed in global market trends and has a reputation for his in-depth analyses of economic policies and their impacts on international finance.
The same people constantly complaining about high gas prices, all while they live 20 miles away from town, commute in giant pick-up trucks, and refuse to change anything.
Basic macro economics is too hard when your brain is melting because your cheap chinese cap is offgassing…
Well, those aren’t correct, either. Congress actually passes the budget, and the extent to which the president is consulted, and thus how much the president influences the deficit, is variable. Second, Congress also has the taxation authority, which includes tariffs, and the president only has that authority to the extent it has been delegated to the executive. As a party to the WTO, the president can increase tariffs pursuant to what happens in trade court. When issues are deemed “national security,” the president also has the ability, delegated by Congress, to unilaterally impose tariffs, such as Trump’s steel and aluminum tariffs.
Really, this is a game of three card monte, where the dealer (Republican or Democratic presidential candidate) and their shills (campaigns and supporters) try to get you to look one way while moving the money card somewhere else. But even then, it’s a little more complex than what Congress or the president does. Most of the time, macro-events like WW2, the opec embargo, and the Covid pandemic are the root causes of inflation spikes. More rarely are congressional actions, like the rolling back of regulation of financial markets leading to the Great Recession, leading to big inflation spikes.
However, Democratic policies tend to reduce inflation pressures (such as Dodd-Frank), while Republican policies (such as deregulation) tend to increase them.
The only thing tariffs would do is make inflation higher. PERIOD.
Don't say anything bad about trump and the economy because he has a concept of a plan
Fed is not a government agency. That’s the problem
Answer to the question is no, it would NOT be better under Agent Orange, it would actually be worse.
Same thing I've been saying for years and no Trump supporters will hear it. They only believe what comes out of Trump's mouth
"But the weather was nicer under Trump…"
I would hate to see the overnight inflation if he deports Americas illegals who provide cheap labor
Food especially will go through the roof
The president’s policies do control inflation. Just like with gas prices and energy prices. The policies make all the difference
Prices rose because a powerful few control the supply chain and chose to put the screws to the people. There is no organic reason for inflation.
MAGA RepubliKKKlans would rather look stupid than reveal the real reason why they support the racist, dictator⁉️🤔😔
Identity Politics-ish…
The president is, in fact, directly responsible for most inflation.
He printed way to much money which was uncalled for and he shut down the economy…. Yes, he is directly responsible!!! Stop making excuses and take freaking responsibility for it!!
logical. but logic doesn't work on republicans.
Democratic copium is wild
Corporate greed. Look at their profits.
The only thing that I'm annoyed about with the Democrats about this issue is that they don't go out of their way to explain this
A man who’s been convicted of business fraud is not better for the economy. The only thing that we can say about the Biden admin when it comes to the Trump tariffs is that they did not repeal them; at least not all of them. That’s one thing that the Biden admin can do right now to make things better.
The Fed just dropped interest rat by 50 basis points, thats bigger than it looks and its going to change things a bit
The supply chain issue was part of it, but corporate greed is the largest part of it.
To be honest, I don’t think the economy is the real reason to vote for Trump for republicans. Sometimes it’s spite against the good of people they hate, like it is for 4chan people, it’s stupidity and racism — Trump is a raging racist who has been analysed to speak on a level of a 3rd grader — it’s irrational fear against the ‘other’. What republicans tell people and what they think are two things divorced. You can deconstruct all the elaborately stacked usually obvious lies they sniffed up directly from the hands of fox news, and they will still not change their mind, because they are in a deliberately constructed cult of fear, of hate, or personality, of anti-rationality, following a dunce who, just as his journalists, proudly doesn’t engage with the science and academic analysis. This type of cult behaviour is not rational or natural, it’s engineered by a party with such devastating record of terrible economic and social policies, all they can convince the median voter of in order to continue lining the pockets of billionaires whose boots they lick, is to hate their neighbours. The truth? Well the truth is just a buzz-word to them. When last did any one of them read one scientific paper on the issues they were talking about (even something as key as the effects of immigration) that wasn’t retracted for its dishonest scientific practices that were made to produce a desired result? When hadn’t they accused a study they clearly haven’t read for dishonesty in favour of ‘the woke left’ even though it’s been pre-registered? How many of them would even know what a pre-registered study is.. As Natalie Wynn said, in today’s age, and today’s internet, we do not exist in Ancient Greece, in a forum, discussing rationality. We exist in Ancient Rome, in a circus, in an emotional battle of aesthetics.
It's not an "independent government agency" the fed reserve is an "independent private agency"
Cal-Maine was found guilty by jury of long term price gouging of eggs.
Great messages however this will fly on 90% of trumpsters since logic and facts aren’t their strong suit
Can’t talk sense to the cult. 🎉
Two other points: Under Biden, the US has one of the lowest inflation rates in the industrialized world, and gas and oil prices started rising in April 2020, after Trump persuaded Russia and OPEC to cut production by 10%.
Inflation has been proven to be a small percentage of price increases. My guess is companies just started making pacts like the lightbulb cartel and all agreed to just raise prices together so they all get richer together. Shareholders have never been richer and it's directly coming out of our pockets. This is why monopolies are bad and competition needs to make a come back.
Inflation has been one those things where the president has little to no control over, but is something the sitting president gets most blamed for.
And WHO caused the "pandemic"? BIDEN. HIS administration shut down the country. So, if you are excusing the democrats, explain the wars that broke out during the democrat administration while there were NO wars during Trump administration. Remember THAT? Oh, and by the way, miss smartypants…the fed is NOT a government agency. It is a private bank owned by the Rothchild family. Look it up.
We were better off under the Trump administration (we've already been there)
Trump has said he qould impose higher tarrifs. Harris said she would go after corporate greed. Like, on this issue, yhe choice is blatant.