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The Economy

beckiefalwell said:
If MAGAs knew anything about money they wouldn't invest in a company where one bullet or a choking to death incident on a hamburger will turn their investment to zero.
Meanwhile, Truth Social is down again today. 52+% down in the last three months.
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Convicted felon Donald J Trump made a promise to investors that he would not post on Twitter anymore to pump up interest in the stock. He kept this promise (a rarity) for over a year, even after transphobic Elon Musk reinstated Trump's account well over a year ago....until yesterday, when Trump broke his own self-imposed exile to flog his appearance on Twitter, which sadly turned out to be little more than The Airing of White Grievances Again, part 323.
 
ExxWhyZee said:
cause no one has $ to buy shit

look at HD's earnings today and forward guidance
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So you MAGAs already spent the millions you made under his first (and last) administration? Maybe you you shouldn't have bought all the Bud Light to shoot at.
 
Inflation in line with expectations in July as investors eye rate cuts

Inflation continues to be under control. Good news.

The Consumer Price Index (CPI) rose 0.2% over the previous month, an uptick from June's 0.1% decline amid a pickup in energy prices. The monthly increase in prices was in-line with economist expectations.

The index increased 2.9% over the prior year in July, which was a slight deceleration compared to June's 3.0% annual gain in prices and also ahead of economist expectations of a 3.0% annual increase.
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Trump was supposed to make a major economic policy speech in North Carolina today, but there was nothing substantive in it.

Trump's speech did not unveil any new proposals.
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Trump also used much of the speech, which was billed as an economic address, to blast his political opponents and return to criticisms about immigration and other issues.
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Weird.

https://www.bbc.com/news/articles/c8xlq0rg4yzo
 
Trump keeps wanting to tar and feather Kamala with Biden's policies. Alrighty, then!


Thanks, Kamala!
 
ExxWhyZee said:
what POLICY of HIS made inflation go "down"?
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Bidenomics:

1. Inflation Reduction Act (IRA): Signed into law in August 2022, includes several provisions designed to reduce costs for consumers and businesses, lowers prescription drug costs, extend healthcare subsidies, and make investments in clean energy, which could help reduce energy costs over time.

2. Strategic Petroleum Reserve Releases authorized the release of millions of barrels of oil from the Strategic Petroleum Reserve. This was intended to increase supply and reduce gas prices, a significant contributor to inflation.

3. Supply Chain Initiatives to ease supply chain bottlenecks, which were a major driver of inflation, especially during the COVID-19 pandemic. This includes measures to increase port capacity, improve the flow of goods, and support the domestic production of critical goods like semiconductors.

4. Federal Reserve Support: While the Federal Reserve operates independently, the Biden administration supported the Fed’s actions to raise interest rates as a means of controlling inflation. Higher interest rates can help cool demand in the economy, thereby slowing inflation.

5. Targeted Relief Programs implemented and supported various targeted relief programs aimed at reducing the financial burden on specific groups, such as low-income families, which can indirectly help control inflation by stabilizing consumer spending.



Trump on the other hand “boosted” the economy by letting the wealthiest Americans pay far less in taxes, thereby decreasing the income of the National Treasury and increasing the National Debt.
 
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