254,000 Jobs Added in September

A mistake by Biden/Harris. But the damage was already done. Just ask US soybean farmers. If elected again, Trump wants to take this type of damaging tariff and put it on everything! All while deporting millions of people working in our economy, including 1 million in agriculture, 1 million in construction, 1 million in food service, and 5 million more spread over other industries. Please explain how these policies will not be inflationary. If you disagree with all the experts, can you please lay out your reasons why?

 

I said I wasn't going to involve myself in dueling economist debates with differing opinions. It's a dead end.

 

That's because you know you can't win the debate against all the economic experts who know just how awful Trump's economic policies will be. Your position just cannot be argued using basic economics, so you duck, weave, and chickenshit out of debating.

 

Yes, I know that Biden/Harris continued some of Trump's tariffs on China and even added some. But is Harris proposing across-the-board 20% tariffs on everything we import from all countries?

 

We wouldn't be debating. You can just post both conservative and liberal economists and do the job yourself in one post with links provided.

Apparently, you unlike dan know Biden continued with Trump tariffs calling them wrong in your post above. Well bucko, neither tariffs nor covid caused the Harris/Biden disastrous inflation.

Feel free to comment on the one economist posted today, John Carney by me.

 

Can you do any more than ask questions? I don't believe you know crapola.

 

John Carney is not an economist. He is a lawyer. There is a pretty important difference.

 

I'm asking you simple questions that you should easily be able to answer. But since you won't I will answer for you. Yes, 20% tariffs on everything would be inflationary and no, Harris is not proposing 20% tariffs on everything. Only Trump is.

 

Carney is a lawyer who holds no degree in economics. These guys all hold PhD's and a Nobel Prize in Economics.

As for the rate cut, the projection was only for 150,000 jobs to be added. That would have ticked up unemployment by .1%, as the target number for new jobs to keep unemployment steady is 200,000. We had a better preliminary jobs report than expected. And there's still a chance the number may be revised.

Still, the rate cut was a good idea considering unemployment is still just above 4%, and inflation is at 2.5% and falling. The biggest stickler with inflation right now is housing. Cutting interest rates may not reduce the cost of housing, but makes buying a house more affordable because of lower mortgage rates. Reducing rates also can spur building, as builders often have to borrow money to build new houses. The rate cut, for these reasons, was justified.

Now, can you explain why Trump's tariff, mass deportation plan, and desire to devalue the dollar will not explode inflation like the 16 Nobel Prize Winning Economists warn?

 

He's introduced weekly on a Fox Business Show as an economist. Unless you can prove otherwise, I'm calling BS. Regardless, if he's good enough to be on Fox Business, he's good enough for me.

I could have written his article last Friday. The doofus people around here have given all kinds of excuse why I was wrong. Apparently, a smart lawyer who burns economy at the other end of the candle agrees with me.

 

Yep, you don't know crapola. Post Trump's policy.....

 

Well, it isn't like Fox Business would lie to you...

https://fedsoc.org/contributors/john-carney-1

Notice the lack of economic degrees listed there.

As I recall, didn't you say that we would be at Dow =20K? You might want to be careful referring to others as "doofus people" with predictions like that in your past.

 

You're saying that we should believe the network which has repeatedly settled lawsuits for knowingly peddling false information?

You'll understand, when nobody does so.....that there are repercussions for consistently and egregiously lying?