CNN BS again - quoting it from CNN - you should be ashamed of yourself.
CNN BS again - quoting it from CNN - you should be ashamed of yourself.
Actually Hysteria….10% of US purchases are imports or import components. Add a 20% tariff to that…..which is probably well above the equilibrium tariff. That is a one time inflationary shock of 2%, assuming none of the tariff is absorbed by the exporting nation.
So worst, worst case 2% one time. Your man Biden unleashed 20% inflation…..10 X as much as the Trump worst, worst case.
Feeling stupid again? Sorry I just can’t leave you believing all this nonsense you spout which makes you look like a fool.
Biden unleashed 20% inflation
That's a half-truth ... factor in post-covid blues.
How many times do you have to remind the windbag that decrepit Ol Joe left behind a healthy economy.
No he didn’t….he left behind a boot strapped economy, in part because there were Covid knockon effects, but largely because he spent at exactly the time he should have tempered spending. Which resulted in huge increases in interest rates, which affects all capital spending. Read and learn from Chat:
When President Joe Biden took office in January 2021, the Federal Reserve's target for the federal funds rate was 0.00% to 0.25%, a historically low range maintained to support the economy during the COVID-19 pandemic. This rate had been in place since March 2020. ?
As of April 2025, the effective federal funds rate stands at approximately 4.33%. This reflects a series of rate hikes initiated by the Federal Reserve starting in March 2022 to combat rising inflation. The rate peaked at 5.33% in 2024 before being reduced to the current level. ?Home+2YCharts+2Federal Reserve Bank of New York+2
Therefore, during President Biden's term, the federal funds rate increased from near-zero levels to over 4%, marking a significant shift in monetary policy in response to evolving economic conditions.?
As a supporter give us your Trump 110 day rating.
Denise
Aren't you embarrassed by the stuff you put up here?
You obviously know less than nothing about economics, and you're dumb enough to post stuff that is directly targeted an anti anti-Trumpers like you that don't understand these things.
Allow me to give you a tip. Just read those articles and let them serve your confirmation bias...but for heaven's sake, don't share them. It makes you look even thicker than you already are.
You find new ways to make me cringe every single day.
BLM
Bwahaha!!!
BS Galore
If you know soething about onomics and especially Govenment misconduct look no further to what Biden and his adminsitration caused, The Bden administration in 4 years caused the F ederal spending by $10 trillion and the delivery of Government Departments collapsed because 94% of the public servants never went to their offices for 3 years was contracted out - like happened in the case of the IRS, Spending rates increased while the GDP remains static,
That picture gave rise to continuous lifting of debt levels to cover current expenditure - something which is totally wrong and if Loans were to necessary it should be for capital expemnditure and development of infrastructure that would add value to the GDP,
The idea that Government expenditure kept rising on a level that cause fedderal debts to increase was what caused inflation.
The problem is that change of the system to stop maladministration and corruption is what the Republicans are trying to stop. The latter is massive and is now cut from the budget and in return tax rates are lowered to help the working class,
The recent trip of Trump to the ME brought in investments of near to $2 trillion in the USA and will add value to the GDP.
In the case of the US Defense Force the fact is that money was grossly misspent. For instnce in 2019 authorized or instance funds to bild 2 nuclear-powered and armed submarines per year, The budget approved also povided for sevicing of such submarines. In the 4 years Biden was President only 2 submarines were built and 20 of the existing submaines were withdrawn fom service and snever cserviced, What the budget was spent on nobody kniew - maladminsitration and even corruption seems to be involved in the Air Force as well. The ac was the USDF became worse under Biden. All what is known is that non of the US A lles weas pepared to buy new planes,
Biden promised to provide 8 nuclearpowered submarines in his first month in office, The question D enny should know - was any of the 8 submarines ever delivered to Australia, The discussions between Biden and the Aussie rome Minister was reflected on CNN - Biden did not know who the was speak - he aferwards said he spoke to he fellow Down Under. So were the submarins delivered to Astralia?
The War funding in Ukraine was always sspect - especially when cash payments was transferred to Ukraine - where there as no auditing donme as to what actually happened with such transfers, Under Zelenskyy Ukrine kept its reputation as the most corrupt Gpovernment in Europe and that s why Trump refususe to transfer money to Ukraine again.
What s clear is that th e US Federal Government's main achevements under Biden was maladministration and if expenditure by the Go vernment is cut down the voters will benefit.
I think the above contains specific issues where money was spent fruitlessly.. So the fac i that the tsariffs story is real BS i capital letters, Inflation levels did not increase since Trump tok office and the limitless printing of dol;lars were curtailed and inlfationary spending cut out, So what CNN comes up with is garbage supreme.
What is by now obvious si that tariffs served its a means to force the Governments nnvolved into trade agreements with teh US Government and it is working out well.
12,521 posts
caused by the master of chaos and mayhem
President Donald Trump's steep new tariffs, according to economists, will cause a variety of products to soar in price — from fruits and vegetables to vacuum cleaners to building materials. Agricultural products are another concern.
CNBC's Lori Ann LaRocco describes the worries of farmers in an article published on April 28.
"In the U.S. farming sector," LaRocco explains, "the damage has already been done, and the economic crisis already begun. U.S. agriculture exporters say the global backlash to President Trump's tariffs is punishing them, especially a decline in Chinese buying of U.S. farm products, leading to cancelled export orders and layoffs."
Agriculture Transportation Coalition (AgTC) Executive Director Peter Friedmann told CNBC, "It is a full-blown crisis already."
"AgTC says 'massive' financial losses are already being shared by its members as a result of the trade war, based on reports it is receiving from member companies," LaRocco reports. "A wood pulp and paperboard exporter reported to the trade group the immediate cancellation or hold of 6400 metric tons in a warehouse and a hold of 15 railcars sitting in what is known in the supply chain as 'demurrage,' when fees are charged for delayed movement of goods.
LaRocco adds, "Meanwhile, the exporter said there are 9000 metric tons on the water to China expected to arrive on May 13 and facing the threat of costly diversion to Chinese bonded warehouses or to other countries as Chinese buyers may refuse the cargo and abandon it at port."
According to LaRocco, a grass seed exporter "told AgTC it received two weeks notice that eight loads were being canceled by Chinese customers despite vessels bookings already being in place."
"Agricultural exporters are warning that there are not additional markets to quickly replace China’s demand and absorb the volume," LaRocco notes, "and that is already impacting prices."