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Trump and Tax Cuts

Discussion in 'Too Hot for Swamp Gas' started by gatorjo, Jul 19, 2024.

  1. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    People cannot afford houses... rent. That alone is one important part of our economy. But it's not the only sector that would get help... The banks and lending institutions love high interest rates. And high interest rates are inflationary to everyday people's ability to buy big ticket items..
     
    Last edited: Jul 19, 2024
  2. PITBOSS

    PITBOSS GC Hall of Fame

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    “According to the report, Trump’s policies or lack thereof contributed to the deaths of around 461,000 Americans in 2018. In 2019, about 22,000 deaths resulted from Trump’s dismantling of environmental protection measures alone,

    And of course, there was 2020, when the Covid-19 coronavirus pandemic hit. Many have written about the Trump administration’s failure to mount a scientifically appropriate response to the pandemic. The Commission determined that 40% of Covid-19-related deaths in the U.S. could have been prevented had the U.S. only had the same Covid-19 death rates as those of other Group of Seven (G7) nations, namely Canada, France, Germany, Italy, Japan, and the United Kingdom.”


    Death Toll Associated With Trump Administration Goes Beyond Covid-19, Says Lancet Report
     
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  3. philnotfil

    philnotfil GC Hall of Fame

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    Every time you change topics, to the people following along at home, it looks like you couldn't provide any rebuttal to the information showing your previous claim was false.
     
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  4. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    I guess the people in charge of Covid-19, like Fauci, have a lot of explaining to do.
     
  5. PITBOSS

    PITBOSS GC Hall of Fame

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  6. Gatorrick22

    Gatorrick22 GC Hall of Fame

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  7. mdgator05

    mdgator05 Premium Member

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    Hmm, so why do you think the spike in inflation happened? Do you blame it on flooding the economy with too much money? Also, how do you lower interest rates? Finally, what happens to the purchase price of housing if you lower borrowing costs while not increasing the quantity supplied?
     
  8. philnotfil

    philnotfil GC Hall of Fame

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    How do we measure consumer confidence?
     
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  9. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Never said that... quit inventing..
     
  10. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Not by some RANDO college poll.

    Tell me something. Do you think we could find the best computer games out there by polling 80 year olds? Polls are not all the same.
     
  11. mdgator05

    mdgator05 Premium Member

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    Okay, so, in your estimation, what is it that caused the spike in inflation, specifically?
     
  12. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Biden.
     
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  13. AzCatFan

    AzCatFan GC Hall of Fame

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  14. VAg8r1

    VAg8r1 GC Hall of Fame

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  15. mdgator05

    mdgator05 Premium Member

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    Hmm, how did he do that? Specific policies?
     
  16. VAg8r1

    VAg8r1 GC Hall of Fame

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    Maybe the Covid-19 death rate in the US would have been lower if Trump actually followed the advice of Fauci.
     
  17. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Go back to the Carter economy and work chronologically to Biden and see the big picture. One big difference between Biden's economy and Obama's economy is interest rates. Eventually Obama was saved by zero interest rates. Biden has no such luxury. It's the same economic plan made by the same people. One huge difference is Biden has high interest rates.

    Same play playbook rely on non-federal land oil to keep these economy afloat. More oil being drilled on private land is not the same thing as more oil being drilled on all American land/sea. Obama killed federal land drilling and oil production too. Maybe he's new opening up some drilling... little too late. It takes years to get oil from a new drilling site.
     
    Last edited: Jul 19, 2024
  18. mdgator05

    mdgator05 Premium Member

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    You didn't answer the question.
     
  19. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    I don't have explain Biden's economic policies. You tell me how to he should fix what's wrong instead.
     
  20. mdgator05

    mdgator05 Premium Member

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    No, but you do need to explain how they led to inflation if you are going to argue to have the solution for inflation, especially when your solutions are all wrong based on standard economic theory. Just saying "Biden" might be psychologically helpful to you, a person who was putting down others' knowledge of economics earlier in the thread, but it doesn't really provide an answer.
     
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