d2jsp
Log InRegister
d2jsp Forums > Off-Topic > General Chat > Political & Religious Debate > Trump Is Guilty.
Prev1242526272848Next
Add Reply New Topic New Poll
Member
Posts: 15,542
Joined: Apr 17 2006
Gold: 13,930.41
Jun 2 2024 06:15pm
Quote (Princetolten @ Jun 2 2024 06:22pm)
Congratulations america. You are about to elect a convicted felon as your president lol.


*There is a chance they elect a convicted felon rapist.

I hope we don't, but our education system seems flawed af if the average American can look at Trump, and all of his lies and deceit, and go "yea, that's my guy!"

Trump had $35 million donated to him after the guilty verdict. Crazy that a supposed billionaire needs any donations at all, but here we are.

I voted for Biden and donated $0. Why? Cause a politician that should win should also need $0 in donations to win. They are not a sponsored team. They are not a king/queen. They should not be viewed as sent by God or some other deity. Trumpers have a hard time fathoming this.
Member
Posts: 15,802
Joined: Jul 31 2006
Gold: 24.06
Jun 2 2024 06:37pm
Quote (Princetolten @ Jun 2 2024 05:22pm)
Congratulations america. You are about to elect a convicted felon as your president lol.


Joe Biden is already elected, congrats
Member
Posts: 64,763
Joined: Oct 25 2006
Gold: 0.00
Jun 2 2024 06:52pm
Quote (ofthevoid @ Jun 2 2024 05:40pm)
Going to need a source chief.


It's pretty obvious from my response that I was speaking in general and attributing general deterioration to run-away spending to not just Biden but taking a longer time period.


That doesn't help you either chief. Trump blew up the deficit besides having a strong economy his first 3 years. You also obviously weren't. You were trying to blame Biden for things that happened under Trump, because there's been a concerted efforts by Republicans to blame Biden for the lockdowns and you aren't smart enough to look at a calendar. I get your trying desperately to run away from a very very stupid set of claims but don't make it so obvious.

As for a source, Moodys spells it out clearly in their Nov 2023 report. It's accepted by virtually every economics professional at this point that stimulus was not the major cause of inflation just so you know. The data is extremely obvious.


"Behind the economy’s surprisingly good performance is inflation’s more-or-less graceful retreat. What most
pessimists got wrong was their view that inflation was largely fueled by overly strong demand, pumped up by
stimulatory fiscal policy. If so, they reasoned, the only way to get inflation back down was for the Fed to jack up
interest rates and hit demand hard, causing a recession.
But this was largely a misdiagnosis. The high inflation was instead largely the result of the supply shocks caused
by the COVID-19 pandemic that scrambled supply chains and the job market, and by the Russian war in
Ukraine and the resulting surge in oil, natural gas, agricultural and other commodity prices. The inflation caused
by these massive shocks conflated and pushed up inflation expectations and wage growth. And that raised the
specter of a dreaded wage-price spiral"



Some people are going to read this and go "but they did pump interest rates so I was right!" They did, but we are still at extremely low interest rates. If the cause was truly monetary policy, an increase of a few percentage points would not drop inflation from 10% to 3.5%. Last time something like this happened we went to over 10% for several half a decade as a point of comparison.

This post was edited by Thor123422 on Jun 2 2024 06:59pm
Member
Posts: 49,893
Joined: Jun 19 2006
Gold: 3.88
Jun 2 2024 09:44pm
Quote (Thor123422 @ Jun 3 2024 03:47am)
What's happening is the increasing divide between very well off, and barely able to exist.

The very well off can afford the price increases, and can afford to donate, and largely use price increases as a bludgeon politically while not really feeling it themselves.

Meanwhile the younger generations, that are insanely liberal, are feeling it the most and inundated with the propaganda that "the reason you're struggling is Biden". The difference is that a 20 year old has a lot more media knowledge than a 50 year old because they grew up with the internet, versus having it show up in their adulthood. So it doesn't really work.


For example, one of my coworkers pays almost double what I pay on my mortgage, and all she gets for it is a single bedroom. But she also knows how much of a scam capitalism has become and that Biden doesn't directly set prices the way older generations just kind of assume the president does. So she's pretty immune to all the propaganda.


Yeah, it blows my mind, i doubled my net worth in the last 5 years without doing anything at all.
Member
Posts: 105,130
Joined: Apr 25 2006
Gold: 10,475.00
Jun 2 2024 11:25pm


The left has controlled the Senate and the Executive branch for 3.5 years.
The current economy is their fault.

Any other explanation is pure fiction.
Member
Posts: 66,666
Joined: May 17 2005
Gold: 17,384.69
Jun 3 2024 06:24am
Meanwhile on TikTok:

Make Felonies Great Again

Member
Posts: 28,875
Joined: Aug 11 2013
Gold: 10,712.00
Jun 3 2024 07:58am
Quote (Thor123422 @ Jun 2 2024 08:52pm)
That doesn't help you either chief. Trump blew up the deficit besides having a strong economy his first 3 years. You also obviously weren't. You were trying to blame Biden for things that happened under Trump, because there's been a concerted efforts by Republicans to blame Biden for the lockdowns and you aren't smart enough to look at a calendar. I get your trying desperately to run away from a very very stupid set of claims but don't make it so obvious.

As for a source, Moodys spells it out clearly in their Nov 2023 report. It's accepted by virtually every economics professional at this point that stimulus was not the major cause of inflation just so you know. The data is extremely obvious.


"Behind the economy’s surprisingly good performance is inflation’s more-or-less graceful retreat. What most
pessimists got wrong was their view that inflation was largely fueled by overly strong demand, pumped up by
stimulatory fiscal policy. If so, they reasoned, the only way to get inflation back down was for the Fed to jack up
interest rates and hit demand hard, causing a recession.
But this was largely a misdiagnosis. The high inflation was instead largely the result of the supply shocks caused
by the COVID-19 pandemic that scrambled supply chains and the job market, and by the Russian war in
Ukraine and the resulting surge in oil, natural gas, agricultural and other commodity prices. The inflation caused
by these massive shocks conflated and pushed up inflation expectations and wage growth. And that raised the
specter of a dreaded wage-price spiral"



Some people are going to read this and go "but they did pump interest rates so I was right!" They did, but we are still at extremely low interest rates. If the cause was truly monetary policy, an increase of a few percentage points would not drop inflation from 10% to 3.5%. Last time something like this happened we went to over 10% for several half a decade as a point of comparison.


I obviously wasn't what? So you're not discerning enough to not follow that when I'm talking about wars and everything else I'm taking a longer historical look? lol.

It's funny you would mention Moody's when they recently downgraded our credit rating and revised our outlook to negative with explicit reason being unsustainable fiscal spending. Literally what I've been saying.

https://ratings.moodys.com/ratings-news/411110

As far as blaming Trump for Covid spending, I find it hilarious how in this Orwellian historical revisionist fashion, that spend is his fault now. Last I remember, the arguments during Covid was economics vs safety, with Democrats yelling at the top of their lungs that Republicans who refuse to shut down their states and mail checks are killing people. But if we were honest Covid spend doesn't fall on Trump, because it was a collective of all sides agreeing on it and just like if a huge natural disaster wiped out Florida today and we had to spend trillions in aid really shouldn't be categorized as bad spend to Biden. Because a discerning person actually understands that exogenous black swan events like that are not in the same bucket as frivolous spending that can reduced.

This post was edited by ofthevoid on Jun 3 2024 07:59am
Member
Posts: 64,763
Joined: Oct 25 2006
Gold: 0.00
Jun 3 2024 08:00am
Quote (ofthevoid @ Jun 3 2024 08:58am)
I obviously wasn't what? So you're not discerning enough to not follow that when I'm talking about wars and everything else I'm taking a longer historical look? lol.

It's funny you would mention Moody's when they recently downgraded our credit rating and revised our outlook to negative with explicit reason being unsustainable fiscal spending. Literally what I've been saying.

https://ratings.moodys.com/ratings-news/411110.


Your desperation to change the subject is noted.

We are talking about inflation, which was not caused by fiscal policy.
Member
Posts: 15,802
Joined: Jul 31 2006
Gold: 24.06
Jun 3 2024 08:12am
Quote (Thor123422 @ Jun 3 2024 08:00am)
Your desperation to change the subject is noted.

We are talking about inflation, which was not caused by fiscal policy.


Inflation reduction act.
Member
Posts: 28,875
Joined: Aug 11 2013
Gold: 10,712.00
Jun 3 2024 08:30am
Quote (Thor123422 @ Jun 3 2024 10:00am)
Your desperation to change the subject is noted.

We are talking about inflation, which was not caused by fiscal policy.


It's absolutely caused by fiscal spending. Even literal congressional documents readily available clearly mention in. Rating agencies acknowledge it, congressional docs acknowledge it, pretty much everyone acknowledges it, aside from liars looking to shift responsibility for political reasons.


Quote
However, inflation and interest rates are both
higher currently than prior to the pandemic, in part as a result of large deficits and growing debt. As a share of GDP,
servicing the debt has increased since the pandemic and the increase in inflation.


https://sgp.fas.org/crs/misc/R47877.pdf
Go Back To Political & Religious Debate Topic List
Prev1242526272848Next
Add Reply New Topic New Poll