Former President Donald Trump recently shared a meme featuring the GEICO gecko. It suggested prices would be lower by 15% if America were to “switch” back to a Trump presidency.
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5 Comments
5 Comments
Tarheel
May 17, 2023 at 6:52 am
When this administration printed billions upon billions, far exceeding the GDP, the value of the money decreased,…thus inflation. Every country throughout time that has tried to print its way out of debt, simply destroyed its economy. It is really a simple thing with a long and storied history of disastrous results. The economist within the administration should know better. The problem exists because our govt continues to spend way more than what it takes in, much of it not for or on the American people. Like giving hundreds of thousands to Pakistani transvestites.
You are correct. I have a theory. I read years ago about how government would take control of a population. 1) Create a severe problem affecting most. 2) Arrive on scene heroically with a solution.
Now…. By destroying what very little value the USD has, and decreasing as nations adopt the yuan as reserve currency, it paves the way for the Federal Reserve Digital Dollar (ready to go) which gives the government the ability to cut on and off, electronically, one’s accounts. It also eliminates cash. Think about it…. By the way, why does the government allow an open border? Theory? It is to bring more workers into the U.S. to pay into Social Security. It is failing and has been raided by Congress so many times. People will lose their minds if they find out. Best wishes, Tarheel!
No, you got the wrong question: If Trump won in 2020 prices would be lower, but if tRump wins in 2024 the prices will not come down 15%. If by cheating you mean Buyden lied about the inflation rate to understate it by about 8% for 2 years, then he did; if you mean Buyden cheated in the 2020 election, then you lie.
The high inflation is caused by two things the Biden administration did. It increased the money supply which decreased its value and it decreased the crude oil supply resulting in the increase of the cost of crude oil and everything made from it (fuel, plastics, etc.) The law of supply & demand is in play here. The increase in fuel prices brings increase shipping costs which also increases the costs of goods because the cost of shipping is built into the price we pay for the goods we buy.
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Tarheel
May 17, 2023 at 6:52 am
When this administration printed billions upon billions, far exceeding the GDP, the value of the money decreased,…thus inflation. Every country throughout time that has tried to print its way out of debt, simply destroyed its economy. It is really a simple thing with a long and storied history of disastrous results. The economist within the administration should know better. The problem exists because our govt continues to spend way more than what it takes in, much of it not for or on the American people. Like giving hundreds of thousands to Pakistani transvestites.
Al Bundy
May 17, 2023 at 7:31 am
You are correct. I have a theory. I read years ago about how government would take control of a population. 1) Create a severe problem affecting most. 2) Arrive on scene heroically with a solution.
Now…. By destroying what very little value the USD has, and decreasing as nations adopt the yuan as reserve currency, it paves the way for the Federal Reserve Digital Dollar (ready to go) which gives the government the ability to cut on and off, electronically, one’s accounts. It also eliminates cash. Think about it…. By the way, why does the government allow an open border? Theory? It is to bring more workers into the U.S. to pay into Social Security. It is failing and has been raided by Congress so many times. People will lose their minds if they find out. Best wishes, Tarheel!
Don
May 17, 2023 at 7:34 am
Obvious answer is yes. We wouldn’t have the money problems now if the crooks hadn’t cheated.
George Verkler
May 21, 2023 at 2:27 am
No, you got the wrong question: If Trump won in 2020 prices would be lower, but if tRump wins in 2024 the prices will not come down 15%. If by cheating you mean Buyden lied about the inflation rate to understate it by about 8% for 2 years, then he did; if you mean Buyden cheated in the 2020 election, then you lie.
Stephen
May 17, 2023 at 11:05 am
The high inflation is caused by two things the Biden administration did. It increased the money supply which decreased its value and it decreased the crude oil supply resulting in the increase of the cost of crude oil and everything made from it (fuel, plastics, etc.) The law of supply & demand is in play here. The increase in fuel prices brings increase shipping costs which also increases the costs of goods because the cost of shipping is built into the price we pay for the goods we buy.