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Showing posts with the label inflation

Biden's so called achievements

 DC Daily Journal: ... Despite significant achievements under his administration — including the addition of 16 million jobs, infrastructure funding, and investments in clean energy — Biden and Vice President Kamala Harris struggled to convince Americans of the economy’s strength. Inflation spikes in 2022 overshadowed their progress, leaving many households grappling with higher costs for essentials like food, gas, and housing. According to the AP VoteCast survey, over 60% of voters in November’s election described the economy as “poor” or “not so good.” Nearly 70% of those voters supported Trump, enabling his comeback after his 2020 defeat to Biden. In his speech, Biden underscored that Trump would be inheriting “the strongest economy in modern history,” pointing to falling inflation, low unemployment at 4.2%, and record-high applications for new businesses. He touted these accomplishments as benchmarks for the future. ... This is more politics of fraud from Biden.  The jobs ...

Putting a stop to deficit spending

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  Mario Nawfal @MarioNawfal Subscribe MILEI: ARGENTINA ENDS DEFICIT FOR THE FIRST TIME IN 123 YEARS  "The deficit was the root of all our evils—without it, there’s no debt, no emission, no inflation. Today, we have a sustained fiscal surplus, free of default, for the first time in 123 years. This historic achievement came from the greatest adjustment in history and reducing monetary emission to zero. A year ago, a degenerate printed 13% of GDP to win an election, fueling inflation. Today, monetary emission is a thing of the past." Source: @JMilei @agarra_pala Quote Mario Nawfal @MarioNawfal · 11h This is a way to stop inflation.  The US should try it.

Investors expecting a Trump boom

 Walls Street Journal: Wall Street has rarely been more excited by an election. U.S. stocks’ capitalization rose by $1.62 trillion on Wednesday, their fifth-best one-day showing ever, following Donald Trump ’s decisive election victory . The surge highlights the opportunity that investors, bankers and others in finance are hoping to embrace over four years of tax cuts , deregulation and economic expansion. “Investors are celebrating,” said Jack Ablin, chief investment officer at Cresset Capital in Chicago. He was among those buying shares of smaller companies, on the bet that Trump’s policies will rev up the economy. The enthusiasm is especially heated in a few areas, investors and bankers said. Banks and other financial companies climbed, with the KBW Bank Index rising 11%. Investors expect regulatory scrutiny will ease in a Trump administration. Some also expect more dealmaking, potentially among smaller and midsize banks. The expected departure of Lina Khan, who leads the Federa...

Trump questions' Harris's promises

 Newsmax: Republican presidential nominee Donald Trump said Sunday night that Democrat nominee Kamala Harris' promises to fix the problems of her own making are a "big con," adding that she's "incapable" of doing it in the first place. Otherwise, he said, she would have fixed it by now. ... The Biden-Harris regime started with a spending spree that caused significant inflation.  Although the rate of inflation has slowed somewhat it is still on top of the first-year inflation rate of between nine and twenty percent.  Even if the rate of inflation slows to there or four percent those increases are on top of the high rates in the first year the Biden-Harris team was in office.  See also: Harris Won’t Say Where She Stands on California Ballot Measure to Reverse Soft-on-Crime Policies

The Trump economy

MSN:  Liberal media outlet inadvertently explains benefits of Trump's economic plan Leave it to MSNBC to ferret out "The biggest difference between Trump's and Harris' economic pitches ." According to a recent MSNBC opinion piece with that title, "Trump is obsessed with the macroeconomics, big-picture, 10,000-foot view of the economy" while Harris offers a "microeconomic pitch," with specific polices to improve Americans’ economic circumstances. Respectfully, the piece does not make the point its author thought he was making. Particularly in this election year, no one should criticize a presidential candidate as "obsessed" with addressing macroeconomic issues such as inflation, wages, interest rates, economic growth and the deficit. The Biden/Harris administration’s failure to effectively address these very issues resulted in massive inflation, declining real wages, stifling interest rates, a surging federal deficit, and an almost in...

Trump ad nails Kamala Harris

 Stephen Kruiser: ... One of the most effective ads that the Trump campaign has produced this cycle juxtaposes Kamala Harris's campaign trail laments about the economy with the giddy cheerleading for Bidenomics that she did before she was running for president. A clip of an oh-so-serious Harris talking about financial problems facing America is quickly followed by one of her beaming and proudly proclaiming that Bidenomics is working. It's a great ad that firmly yokes her to the economic policies of Biden's that she's so desperately trying to run away from. As we are all painfully aware, the evidence that Bidenomics is not working in any way that benefits American citizens is overwhelming. If the American electorate didn't have so many registered voters who have lost their minds, this election wouldn't even be close, and Donald Trump would coast to victory. News hit this week that two familiar establishments on the American retail landscape are succumbing to the ...

Harris has no viable answer on economy

  She has no plans to bring down costs because it is nearly impossible once inflation has taken hold. The reckless spending of the Biden-Harris administration caused inflation. They dialed back the spending numbers after their first year in office but the inflation only slowed but did not go away. Improper payments by the Bidne-Harris administration are projected to be one trillion dollars .

Harris and spokes person clueless about cause of inflation

 Matt Margolis: It was really something last week, when Kamala Harris did her livestream with Oprah and she simply couldn’t answer questions. When a young couple struggling with high prices asked her what she would do to lower the cost of living, and Kamala had nothing but a word salad to offer them. We know Kamala isn’t very bright, but you would think her campaign surrogates might better articulate her plans. Well, you'd be wrong. On Monday, Kamala campaign surrogate Kelly Hyman, an attorney and media commentator, appeared on Fox News with Sandra Smith. The interview turned into a complete disaster as Hyman fumbled, stumbled, and outright dodged a simple question: What is Kamala Harris’s plan to lower prices? “What is Harris's plan?” Smith asked. After some awkward silence, Smith followed up by saying “We're waiting.” And just like the candidate she was advocating for, Hyman offered a word salad of vague phrases and unconvincing stammering. “Yeah. Okay. Excuse if there’s ...

Trump's growing support from unions

 Red State: In a completely unprecedented and historic move, the Teamsters -- after decades of supporting Democrats -- decided not to endorse Kamala Harris or anyone else. But on top of that, they also released the results of two polls of their members, an online poll and a phone poll. Both showed the members overwhelmingly supporting former President Donald Trump. ... The online poll was 59.6 percent for Trump and the phone poll was 58 percent. Both had him far ahead of Harris. One would have to think that's a very positive indication in places like Pennsylvania and the other Rust Belt states, combined with what we've seen from the voter focus groups and media canvassing. Not to mention the Gallup poll that shows Trump more popular than Harris. ... The Teamsters wasn't the only union where the rank and file were also weighing in for Trump. Here's Bob Bartels, the business manager of Steamfitters Local 638. He says 70 percent of his members also voted for Trump. Fox New...

Biden White Houses lies about grocery prices

 NY Post: President Biden’s chief spokesperson falsely said Tuesday that grocery prices have “come down” recently — when federal data show they cost 21.1% more than when Biden took office in 2021, including a persistent 1.1.% bump over the past year. ... Labor Department data show that grocery prices have not come down, even though they are increasing less dramatically during Biden’s final year in office. ... Harris, 59, revived her focus on the alleged corporate greed driving grocery-store price hikes with an ad released Tuesday in which a narrator says the Democratic presidential candidate will “make groceries more affordable by cracking down on price-gouging.” The vice president last month announced plans for price controls on groceries — but has rarely mentioned the plan since, after withering bipartisan criticism, including from the Washington Post editorial board , which generally backs Democrats, and Republican presidential candidate Donald Trump. ... This is another exam...

The Harris Biden weak administration

 NY Post: Harris-Biden inner circle have almost no business experience — no wonder Americans are hurting ...  Her rosy view of their management of inflation echoes Biden’s tone-deaf boasts about what a great job he’s done, while Americans struggle to pay for groceries. ... Considering they inherited an inflation rate of 1.4%, and their reckless spending propelled it to a peak of 9.1% in June 2022, that’s not exactly something to boast about. Biden and Harris ignored warnings that the $1.9 trillion “American Rescue” spending package would overstimulate the economy at precisely the wrong time, just as we were emerging from pandemic lockdowns in March 2021. Their reckless disregard of economic reality turbocharged consumption and drove inflation to 40-year highs. ... This is something I have been warning about for sometime and others are starting to notice.  It is too bad that Kamala Harris seems to have no clue about it.  It suggests she has learned nothing since takin...

Democrats responsible for current inflation

 American Action News: Fox Business host Charles Payne said Monday that Vice President Kamala Harris was “deflecting” voters’ attention away from the failure of the Biden administration’s application of “modern monetary theory” by calling for price controls. Harris called for a federal ban on “price-gouging” by grocery stores to address high prices during a Friday speech on economic policy in North Carolina. Payne accused Harris and President Joe Biden of causing inflation by infusing “money that was not earned” into the economy. “The Biden-Harris modern monetary theory, you know, the $1.9 trillion the economy didn’t need, another trillion dollars for the Inflation Reduction Act, and more money here and more money there, don’t pay this, don’t pay that,” Payne told Fox News host Sandra Smith. “They created a groundswell of inflation that, to be quite frank, I don’t think anyone thought could ever come back, 42-year high inflation, and by the way we’ve only compounded it. The CPI n...

Kamala's inflation policy?

 Red State: JD Vance on Kamala Harris' Inflation Policy: 'Like Giving Jeffrey Epstein Control Over Human Trafficking' ...  Vance did not mince words when discussing how ridiculous Harris’ economic policies are. He said, “The American people just don’t buy the idea that Kamala Harris, who has been vice president for three and a half years, is somehow going to tackle the inflation crisis in a way tomorrow that she hasn’t for the past 1,300 days.” ... The worst inflation in decades resulted from reckless spending by the Biden-Harris administration in the first year they were in office. We are still feeling the effects of it every time we go to the grocery store or the gas station. 

Kamala's irresponsible spending policies

 Newsmax: Vice President Kamala Harris is trying to convince voters her economic platform will be cutting costs for Americans, but a study released Friday revealed the Democrat presidential candidate's plan will increase the nation's deficit by $1.7 trillion over a decade. The study by the nonpartisan nonprofit Committee for a Responsible Federal Budget also said the figure would grow to $2 trillion if temporary housing policies were made permanent. Earlier Friday, Harris revealed the first policy statement of her campaign, now almost a month old. Her "Agenda to Lower Costs for American Families" would, in her first 100 days in office, "cut taxes for the middle class, reduce grocery costs, take on price gouging, lower the costs of owning and renting a home, continue to bring down the costs of prescription drugs, and relieve medical debt for millions of Americans," according to a fact sheet released by her campaign. Much of this agenda is regulatory, includ...