Senile Trump says Biden is going to lead us into ww2

I never said they didn't.

But if you want to blame COVID in late 2023 on the Biden Administration's economic failures, you go ahead and make that case.

 

Tell us what his economic failures are. Inflation?

 

All of it, including inflation.

'Bidenomics' is a record of failure

"All in all, Bidenomics relies on vast subsidies and regulations to shield favored industries from competition, at the expense of consumers and taxpayers. It’s a spoils system for big labor and politically connected industries.

Given the soaring federal debt, steep inflation and falling incomes, its no wonder that the president would rather criticize “trickle-down” straw men than defend his economic record."

 

The pandemic certainly created the short term spike in inflation, the “supply chain” related irrational price spikes on certain products/commodities were 100% pandemic related. It seems like this year we are mostly past those supply chain problems. Going forward any inflation that persists is more structural.

It’s not *all* pandemic related though. Biden to my knowledge has left most of Trumps tariffs in place. He would do well to reverse almost all of them. That poster is probably not even aware Trump is promising more inflation, as that’s what his “across the board tariffs” and anti-immigrant trash would all-but guarantee.

 

Thanks for the link to NY's version on The Enquirer, but I will wait for a real unbiased link that explains why anything he's done is a failure.
Soaring federal debt - had to lol at that one. No reason needed as you should already know.
Steep inflation - again, lol. This was due to the pandemic and around the world countries had to deal with inflation from a debilitated supply chain, a virus running through a major chicken processing plant etc. We also cannot count out corporate greed at this point. Their margins are way up.
Falling incomes - What?? Hourly wages are way up. Mickey D's pays $15.00 an hour. From The Bureau of Labor Statistics:
Wages and salaries increased 4.6 percent for the 12-month period ending in June 2023 and increased 5.7 percent in June 2022.

 

That is certainly an interesting paragraph to highlight. Bidenomics is a spoils system? Can you even name a single new tariff or subsidy Biden put in place that wasn’t there before? Trump is all about protectionism and tariffs, guy is literally out there campaigning for “across the board tariffs”. (Nevermind his crazy despot talk about executing “disloyal” generals or investigating unfriendly media outlets for “treason”… speaking of spoils, this nutbag is now resorting to threatening the lives of this perceived enemies).

The only spoils-ish subsidy I’m aware of that has come about during the Biden admin is the bipartisan CHIPS act. No doubt a big domestic investment, but this seems like a necessary insurance against Chinese aggression in the pacific. It can be argued as a national security issue to have at least some production in our hemisphere. Are you against the CHIPS act? The infrastructure bill? That article doesn’t articulate anything, and if you view that writers past articles you might spot a trend (i.e. biased partisan hack).

 

I do think inflation is a big concern of voters. Even putting aside that inflation was an international problem, I'm not sure Trump is the best person to make the argument about fiscal responsibility or to argue that Biden deserves all the blame for spending or inflation. Haley is already hitting Trump on the $8 Trillion. Many of us also remember Trump demanding the Fed keep interest rates as low as possible and even talked about the benefits of negative interest rates. Biden is spending a lot, too, but we're at least arguably getting some infrastructure with it - a lot of which is going to red states and districts.

 

Your dollar buys less now. Wage increases aren't matching inflation. "Oh, but we can't talk about inflation."

Yeah, apart from that, how was the play Mrs. Lincoln?

 

You would know a thing or two about biased partisan hacks.

 

“But, but, if Trump was POTUS he’d be talking to Putin!”

Like that would have been a bad idea.

 

Simply not true. Real wages are higher now than they were pre-pandemic.

 

From the article FutureGatorMom shared:
1. In August, President Joe Biden signed the Inflation Reduction Act into law. By doing so, he extended generous subsidies that make Affordable Care Act (ACA) health insurance plans more affordable.
2. The Inflation Reduction Act extends and adopts hundreds of billions of dollars in new tax credits to incentivize industries and utilities to move toward solar, wind, hydropower, and nuclear power. Manufacturers could get subsidies for building electric vehicles (EVs) and renewable energy products, while utilities could get credits for choosing solar and wind energy over fossil fuel plants.

Although Trump by no means is a "free trade" Republican, he was much closer to one than Biden.

And that's without getting into other spending/bad policy like the attempt at student debt forgiveness or "reducing the cost of gas by releasing oil from the National Strategic Reserve" after being energy independent under Trump.

 

From CNN.

Americans' wages are finally outpacing inflation. Here's why it may not last | CNN Business

"In June, for the first time in 26 months, US workers’ real weekly earnings (a week’s worth of wages adjusted for inflation) grew on an annual basis, according to data released this week from the Bureau of Labor Statistics."

So yes, after blowing out the spending and crazy amounts of inflation, workers are just now getting a sliver of it back after their dollar was destroyed for the previous 26 months, after they took an effective pay cut for the previous 26 months.

 

He says Milley deserves execution for treason
He'll investigate MSNBC and the other networks for treason.

Insane or just full fascist?
Or just trying to appeal to an insane and fascist electorate?

 

Saying that Trump "is promising" more inflation simply by honing in on the Tariffs while simultaneously ignoring Biden's spending is more than missing the forest for the trees. It completely misses the point.

Tariff increases did not cause inflation, and their removal would undermine domestic supply chains.

 

He's not crazy. Part of it is he's appealing to the authoritarians. In addition to that, he's always been good at getting free publicity and getting the media to attack him. His rhetoric and rants are like a drug where people build up a tolerance, so I think he's got to keep saying more and more extreme things to get the same reaction.

 

Again not true. Real wages in Q4 of 2019 were $362 per week (in constant 1982-1984 dollars). Since then, there was only one quarter where real wages dipped below that level -- Q2 of 2022, when it dipped to $359/week. Every other quarter since Q4 2019 real wages have been at or above what they were in Q4 2019. So workers have been as well or better off in 13 out of 14 quarters since Q4 2019 than they were in Q4 2019.

 

https://www.heritage.org/press/new-...an-family-effectively-7400-poorer-under-biden

“Prices have risen so much faster than wages that the average family has lost $6,000 in purchasing power. As the Federal Reserve belatedly raises interest rates to fight the very inflation it helped cause, interest rates are rising fast, increasing borrowing costs by $1,400. Combined with falling real wages, the average family has effectively lost $7,400 in annual income since Biden took office."

Wages Are Finally Outpacing Inflation. Will Americans Ever Feel It? | Bankrate.

"If you haven’t gotten a raise or if your pay hasn’t kept up with rising prices, you’re not alone. More than half (55 percent) of workers who either got a raise or a higher-paying job between August 2021 and 2022 say that pay gain didn’t match inflation, according to a previous Bankrate poll."

 

Why Salary Increases *Still* Do Not Align With Inflation

"In April 2022, this space covered why – despite severe talent shortages and the ongoing impact of The Great Resignation – corporate salary increase budgets trailed inflation, and why salary increases move differently from inflation.

A year later, salary increases continue to move differently than inflation under changing economic conditions. With inflation now dropping in the U.S., it is possible that salary budgets could return to exceeding inflation in 2023 (which was the case in the low-inflation years from 2007 to 2020) or remain short of it (which was the case in high-inflation years such as 1979, 1980, 2021 and 2022)."

 

That's from when Biden took office. Real incomes shot up in the first year of the pandemic (2020) because of the pandemic stimulus passed that year. Then they started coming down as the stimulus wore off and inflation increased. If you compare now to pre-pandemic, real wages are higher now than they were in Q4 2019.