Recession

232,065 Views | 2550 Replies | Last: 17 hrs ago by EatMoreSalmon
FLBear5630
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Talk to thr Brits about her Golden Age. The mining and heavy industry still hasn't recovered. Unemployment was through the roof. So, like other Supply siders the rich made money especially in south England, the working people came out with less, both financially and power. She devastated unions.
D. C. Bear
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FLBear5630 said:

Talk to thr Brits about her Golden Age. The mining and heavy industry still hasn't recovered. Unemployment was through the roof. So, like other Supply siders the rich made money especially in south England, the working people came out with less, both financially and power. She devastated unions.


Do you understand what "median" means?
boognish_bear
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Our family has always done this. Can't beat a paid off car. My car is 8 years old and still feels kind of "new" to me.

J.R.
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boognish_bear said:

Our family has always done this. Can't beat a paid off car. My car is 8 years old and still feels kind of "new" to me.



I've always done the same. I buy certified pre-owned with 5-10K, Drive it over 100K, rinse and repeat. Hell, I bough a fancy car (1st one ever owned) 9moths ago. Finally found a pre-owned with 9K. Saved $65K for a year old car as apposed to a new one. No brainer.
FLBear5630
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boognish_bear said:

Our family has always done this. Can't beat a paid off car. My car is 8 years old and still feels kind of "new" to me.



One of the reasons I drive F150s. Can go 200k to 300k.
whiterock
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RD2WINAGNBEAR86 said:

whiterock said:

FLBear5630 said:

boognish_bear said:



What happened to the trickle down????


I was as much a Reagan fan as anyone. But, as I see what is happening in this Country, I have to admit I was wrong. Supply side has destroyed America and turned into a Financial Oligarchy. Not just here, but Thatcher destroyed England. Anywhere supply side economics was used the middle class paid the price and rich just got richer and didn't trickle anything down.



As a rule, criticism of supply-side economics is a hallmark of someone with limited understanding of economics......


Please forgive our ignorance when it comes to economics.

It is my opinion that we don't need to be a world power when it comes to manufacturing plastic santas, fidget spinners, clothes, and beach tents. We should let the Chinas and Vietnams of the world make those.
Correct. Fortunately, we are not trying to drive production of those things home. We are going after a greater percentage of heavy manufacturing.

Protectionist policies drive up inflation.
No, they do not. Again, we see you do not understand the definition of inflation = "when the growth of money supply exceeds the growth of production."

Prices go up.
Once.

Less competition causes prices to rise faster.
No, less supply causes prices to rise faster. As production and innovation comes on line, supply rises to meet demand and the differential fades.

American companies need to once again work to be competitive on the world stage. Trump's desire for the U.S.government to own stakes in American industries is not what we voted for. Our government has proved over and over that anything they touch turns to $ h !t. I don't see that changing.
American companies will never be competitive on the world as long as we allow our trade partners to engage in predatory trade practices and steal ever greater percentages of our manufacturing base.

Capitalism and free enterprise are the foundation of our country.
Exactly. Which is why we should not allow wealthy countries we literally defend with permanent US military presence to use the money they do not have to spend on their own defense to subsidize their industries to gain competitive advantage over our companies.

I remember the professors saying "if a foreign country wants to subsidize their exports, we should buy them. They're at a discount!" Well, sure, that makes sense in a deal. Or two or three. But not as a business model over decades. If you keep buying Japanese cars because they're cheaper, all you do is drive your own automakers out of business. One cannot simply "let free trade make us wealthier" no matter the consequences, because those consequences are existentially negative - loss of manufacturing base, loss of high-paying production jobs, etc.....

The econ professors live in a theoretical world where borders are meaningless. In the real world, there are hard questions which demand practical answers.
"What good does it do to create wealth if you cannot defend it?"
Where were most of the Sherman tanks made in WWII? Detroit auto production lines.
Where was most of our navy ships built in WWII? In plants that have closed due to Chinese competition.

We are not the arsenal of democracy we once were. China dwarfs us on many very important metrics of industrial power, particularly the ship-building. They achieved that very quickly, going from a desperately poor communist country to the 2nd largest economy in the world in less than 30 years. And they did it with a structural TRADE SURPLUS driven in no small part by theft of our technology, predatory trade subsidies, and egregious currency manipulation. We have to either respond to those things to stabilize the trade relationship, or watch the power differentials continue to move in our disfavor. The quickest, easiest way to stop predatory Chinese trade practices is to simply levy an across the board tariff to offset them. That forces China to either up the ante (increasing the expense of their protectionism) or to relent and allow our companies to compete on a level playing field. Finally, we have an admin willing to fight back.
FLBear5630
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How is our GDP to Debt doing under this great plan? Your plan working? I am sure another war or two will help.

You guys are so full of ****, US debt is going up. Trump and he friends are getting richer. Look at the numbers.

The only people doing well are you guys and you will leave an empty husk when finished.
RD2WINAGNBEAR86
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whiterock said:

RD2WINAGNBEAR86 said:

whiterock said:

FLBear5630 said:

boognish_bear said:



What happened to the trickle down????


I was as much a Reagan fan as anyone. But, as I see what is happening in this Country, I have to admit I was wrong. Supply side has destroyed America and turned into a Financial Oligarchy. Not just here, but Thatcher destroyed England. Anywhere supply side economics was used the middle class paid the price and rich just got richer and didn't trickle anything down.



As a rule, criticism of supply-side economics is a hallmark of someone with limited understanding of economics......


Please forgive our ignorance when it comes to economics.

It is my opinion that we don't need to be a world power when it comes to manufacturing plastic santas, fidget spinners, clothes, and beach tents. We should let the Chinas and Vietnams of the world make those.
Correct. Fortunately, we are not trying to drive production of those things home. We are going after a greater percentage of heavy manufacturing.

Protectionist policies drive up inflation.
No, they do not. Again, we see you do not understand the definition of inflation = "when the growth of money supply exceeds the growth of production."

Prices go up.
Once.

Less competition causes prices to rise faster.
No, less supply causes prices to rise faster. As production and innovation comes on line, supply rises to meet demand and the differential fades.

American companies need to once again work to be competitive on the world stage. Trump's desire for the U.S.government to own stakes in American industries is not what we voted for. Our government has proved over and over that anything they touch turns to $ h !t. I don't see that changing.
American companies will never be competitive on the world as long as we allow our trade partners to engage in predatory trade practices and steal ever greater percentages of our manufacturing base.

Capitalism and free enterprise are the foundation of our country.
Exactly. Which is why we should not allow wealthy countries we literally defend with permanent US military presence to use the money they do not have to spend on their own defense to subsidize their industries to gain competitive advantage over our companies.

If you keep buying Japanese cars because they're cheaper, all you do is drive your own automakers out of business. One cannot simply "let free trade make us wealthier" no matter the consequences, because those consequences are existentially negative - loss of manufacturing base, loss of high-paying production jobs, etc.....




I have always owned a Honda in my adult life because of quality, not price. Don't even mind paying MORE for the Japanese product because I know with proper maintenance, it will last 300,000 miles.

Tariffs make US. automakers lazy, less innovative, and less quality minded. They don't have to offer a better product because the government is basically subsidizing U.S. automakers, limiting their competition, and propping them up.

And sometimes, it is all about price. Once again, I will not apologize about wanting the freedom to buy the $4 Chinese toilet plunger rather than the $8 toilet plunger with the fancy red, white, and blue "Made in America" sticker on it. I will buy groceries with the $4 I have left. We do not need to dominate the world toilet plunger market.
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
boognish_bear
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Jack Bauer
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boognish_bear
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whiterock
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FLBear5630 said:

How is our GDP to Debt doing under this great plan? Your plan working? I am sure another war or two will help.

You guys are so full of ****, US debt is going up. Trump and he friends are getting richer. Look at the numbers.

The only people doing well are you guys and you will leave an empty husk when finished.

it's went up 3-percentage points under Biden's budget in 2025, thanks to aggressive administrative federal spending cuts under Trump.

2026 will be first year under Trump 2.0. We're projected to have a similar modest rise this year but that does not take into account the dynamic impacts of Trump's economic policy which went into effect this January. I would expect the ratio to flatten this year and inch downwards in future years as the effects of his policies kick-in, evidence of which is plainly visible.

Remember: The plan, as stated very explicitly by Bessent, is to grow the economy faster than the debt. We look on track to do that.
whiterock
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RD2WINAGNBEAR86 said:

whiterock said:

RD2WINAGNBEAR86 said:

whiterock said:

FLBear5630 said:

boognish_bear said:



What happened to the trickle down????


I was as much a Reagan fan as anyone. But, as I see what is happening in this Country, I have to admit I was wrong. Supply side has destroyed America and turned into a Financial Oligarchy. Not just here, but Thatcher destroyed England. Anywhere supply side economics was used the middle class paid the price and rich just got richer and didn't trickle anything down.



As a rule, criticism of supply-side economics is a hallmark of someone with limited understanding of economics......


Please forgive our ignorance when it comes to economics.

It is my opinion that we don't need to be a world power when it comes to manufacturing plastic santas, fidget spinners, clothes, and beach tents. We should let the Chinas and Vietnams of the world make those.
Correct. Fortunately, we are not trying to drive production of those things home. We are going after a greater percentage of heavy manufacturing.

Protectionist policies drive up inflation.
No, they do not. Again, we see you do not understand the definition of inflation = "when the growth of money supply exceeds the growth of production."

Prices go up.
Once.

Less competition causes prices to rise faster.
No, less supply causes prices to rise faster. As production and innovation comes on line, supply rises to meet demand and the differential fades.

American companies need to once again work to be competitive on the world stage. Trump's desire for the U.S.government to own stakes in American industries is not what we voted for. Our government has proved over and over that anything they touch turns to $ h !t. I don't see that changing.
American companies will never be competitive on the world as long as we allow our trade partners to engage in predatory trade practices and steal ever greater percentages of our manufacturing base.

Capitalism and free enterprise are the foundation of our country.
Exactly. Which is why we should not allow wealthy countries we literally defend with permanent US military presence to use the money they do not have to spend on their own defense to subsidize their industries to gain competitive advantage over our companies.

If you keep buying Japanese cars because they're cheaper, all you do is drive your own automakers out of business. One cannot simply "let free trade make us wealthier" no matter the consequences, because those consequences are existentially negative - loss of manufacturing base, loss of high-paying production jobs, etc.....




I have always owned a Honda in my adult life because of quality, not price. Don't even mind paying MORE for the Japanese product because I know with proper maintenance, it will last 300,000 miles.
IF you don't mind paying more for stuff, then why are tariffs such a big deal?

Tariffs make US. automakers lazy, less innovative, and less quality minded. They don't have to offer a better product because the government is basically subsidizing U.S. automakers, limiting their competition, and propping them up.
See the pathology there? You could care less whether or not all 4.5 million US auto manufacturing jobs are offshored? You could care less how many autos we make vs import regardless of the impact such would have on our national defense production ability?

And sometimes, it is all about price. Once again, I will not apologize about wanting the freedom to buy the $4 Chinese toilet plunger rather than the $8 toilet plunger with the fancy red, white, and blue "Made in America" sticker on it. I will buy groceries with the $4 I have left. We do not need to dominate the world toilet plunger market.
Nobody is saying we should. The policy is all about strategic industry dominance.

In one paragraph, you don't care what imported things cost. In the next, you say it matters more than anything else.

Please make up your mind.
FLBear5630
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Lets see what the final numbers say. You guys are great at trusting projections and forecasts when they support you and those that dont are liberal biased.

What are the numbers, no plan BS. One year in, what id the debt and what is debt to GDP?
RD2WINAGNBEAR86
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whiterock said:

RD2WINAGNBEAR86 said:

whiterock said:

RD2WINAGNBEAR86 said:

whiterock said:

FLBear5630 said:

boognish_bear said:



What happened to the trickle down????


I was as much a Reagan fan as anyone. But, as I see what is happening in this Country, I have to admit I was wrong. Supply side has destroyed America and turned into a Financial Oligarchy. Not just here, but Thatcher destroyed England. Anywhere supply side economics was used the middle class paid the price and rich just got richer and didn't trickle anything down.



As a rule, criticism of supply-side economics is a hallmark of someone with limited understanding of economics......


Please forgive our ignorance when it comes to economics.

It is my opinion that we don't need to be a world power when it comes to manufacturing plastic santas, fidget spinners, clothes, and beach tents. We should let the Chinas and Vietnams of the world make those.
Correct. Fortunately, we are not trying to drive production of those things home. We are going after a greater percentage of heavy manufacturing.

Protectionist policies drive up inflation.
No, they do not. Again, we see you do not understand the definition of inflation = "when the growth of money supply exceeds the growth of production."

Prices go up.
Once.

Less competition causes prices to rise faster.
No, less supply causes prices to rise faster. As production and innovation comes on line, supply rises to meet demand and the differential fades.

American companies need to once again work to be competitive on the world stage. Trump's desire for the U.S.government to own stakes in American industries is not what we voted for. Our government has proved over and over that anything they touch turns to $ h !t. I don't see that changing.
American companies will never be competitive on the world as long as we allow our trade partners to engage in predatory trade practices and steal ever greater percentages of our manufacturing base.

Capitalism and free enterprise are the foundation of our country.
Exactly. Which is why we should not allow wealthy countries we literally defend with permanent US military presence to use the money they do not have to spend on their own defense to subsidize their industries to gain competitive advantage over our companies.

If you keep buying Japanese cars because they're cheaper, all you do is drive your own automakers out of business. One cannot simply "let free trade make us wealthier" no matter the consequences, because those consequences are existentially negative - loss of manufacturing base, loss of high-paying production jobs, etc.....




I have always owned a Honda in my adult life because of quality, not price. Don't even mind paying MORE for the Japanese product because I know with proper maintenance, it will last 300,000 miles.
IF you don't mind paying more for stuff, then why are tariffs such a big deal?

Tariffs make US. automakers lazy, less innovative, and less quality minded. They don't have to offer a better product because the government is basically subsidizing U.S. automakers, limiting their competition, and propping them up.
See the pathology there? You could care less whether or not all 4.5 million US auto manufacturing jobs are offshored? You could care less how many autos we make vs import regardless of the impact such would have on our national defense production ability?

And sometimes, it is all about price. Once again, I will not apologize about wanting the freedom to buy the $4 Chinese toilet plunger rather than the $8 toilet plunger with the fancy red, white, and blue "Made in America" sticker on it. I will buy groceries with the $4 I have left. We do not need to dominate the world toilet plunger market.
Nobody is saying we should. The policy is all about strategic industry dominance.

In one paragraph, you don't care what imported things cost. In the next, you say it matters more than anything else.

Please make up your mind.

You totally missed my point. I said I don't mind paying more for foreign goods for Quality. With tariffs on foreign goods, Americans many times get lesser quality and higher prices. We should have the freedom to make our own choices. We seem to be gravitating towards price controls and government ownership of companies. Ironically, the Trump Administration is flirting with Socialism, not free markets.
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
FLBear5630
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D. C. Bear said:

FLBear5630 said:

Talk to thr Brits about her Golden Age. The mining and heavy industry still hasn't recovered. Unemployment was through the roof. So, like other Supply siders the rich made money especially in south England, the working people came out with less, both financially and power. She devastated unions.


Do you understand what "median" means?


Median is one of the least useful and most deceptive stats. Who cares what the middle value is unless you want to hide skewed data.
Waco1947
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Credit Card debt averages $6,500. Total debt is $1.3 trillion
D. C. Bear
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FLBear5630 said:

D. C. Bear said:

FLBear5630 said:

Talk to thr Brits about her Golden Age. The mining and heavy industry still hasn't recovered. Unemployment was through the roof. So, like other Supply siders the rich made money especially in south England, the working people came out with less, both financially and power. She devastated unions.


Do you understand what "median" means?


Median is one of the least useful and most deceptive stats. Who cares what the middle value is unless you want to hide skewed data.


With normally distributed data, the media, mean, and mode are all the same. If you have the "rich getting a lot richer" and the middle class suffering, the mean can give a false impression. People will be misled to thinking the population is better off than they actually are. The median is the measure to use to remove the disproportionate impact of very high or very low numbers. For example, if the mean home value in a neighborhood is five million dollars, but there is one home worth 75 million dollars and 19 homes worth between 200,000 to 300,000 each, it is more reflective of the actual neighborhood to look at the median. Same thing with incomes. If you use Jeff Bezos and Bill Gates etc., to provide an "average," that can be misleading, particularly with a smaller population. For this reason, the median is an appropriate statistic to use as I have used it.
boognish_bear
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boognish_bear
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FLBear5630
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We actually agree on this. Everything you said is true, we agree on the situation.
J.R.
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RD2WINAGNBEAR86 said:

whiterock said:

RD2WINAGNBEAR86 said:

whiterock said:

FLBear5630 said:

boognish_bear said:



What happened to the trickle down????


I was as much a Reagan fan as anyone. But, as I see what is happening in this Country, I have to admit I was wrong. Supply side has destroyed America and turned into a Financial Oligarchy. Not just here, but Thatcher destroyed England. Anywhere supply side economics was used the middle class paid the price and rich just got richer and didn't trickle anything down.



As a rule, criticism of supply-side economics is a hallmark of someone with limited understanding of economics......


Please forgive our ignorance when it comes to economics.

It is my opinion that we don't need to be a world power when it comes to manufacturing plastic santas, fidget spinners, clothes, and beach tents. We should let the Chinas and Vietnams of the world make those.
Correct. Fortunately, we are not trying to drive production of those things home. We are going after a greater percentage of heavy manufacturing.

Protectionist policies drive up inflation.
No, they do not. Again, we see you do not understand the definition of inflation = "when the growth of money supply exceeds the growth of production."

Prices go up.
Once.

Less competition causes prices to rise faster.
No, less supply causes prices to rise faster. As production and innovation comes on line, supply rises to meet demand and the differential fades.

American companies need to once again work to be competitive on the world stage. Trump's desire for the U.S.government to own stakes in American industries is not what we voted for. Our government has proved over and over that anything they touch turns to $ h !t. I don't see that changing.
American companies will never be competitive on the world as long as we allow our trade partners to engage in predatory trade practices and steal ever greater percentages of our manufacturing base.

Capitalism and free enterprise are the foundation of our country.
Exactly. Which is why we should not allow wealthy countries we literally defend with permanent US military presence to use the money they do not have to spend on their own defense to subsidize their industries to gain competitive advantage over our companies.

If you keep buying Japanese cars because they're cheaper, all you do is drive your own automakers out of business. One cannot simply "let free trade make us wealthier" no matter the consequences, because those consequences are existentially negative - loss of manufacturing base, loss of high-paying production jobs, etc.....




I have always owned a Honda in my adult life because of quality, not price. Don't even mind paying MORE for the Japanese product because I know with proper maintenance, it will last 300,000 miles.

Tariffs make US. automakers lazy, less innovative, and less quality minded. They don't have to offer a better product because the government is basically subsidizing U.S. automakers, limiting their competition, and propping them up.

And sometimes, it is all about price. Once again, I will not apologize about wanting the freedom to buy the $4 Chinese toilet plunger rather than the $8 toilet plunger with the fancy red, white, and blue "Made in America" sticker on it. I will buy groceries with the $4 I have left. We do not need to dominate the world toilet plunger market.

well, for Mr. MAGA WR who clearly doesn't understand basic economics. I too drive a Jap Car in Dallas as my daily driver (Subaru Outback). One of the best cars I have ever had. When the Mercan automakers makes something worth a damn, I'd consider. Gimme Jap.
RD2WINAGNBEAR86
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boognish_bear said:



I have already seen this movie. It was a huge success. In the late 70s we had a Screw worm epidemic in South Texas. Apparently these flies mate for life. You could walk around in the back pasture and find these little cardboard boxes with a target on them. They dropped these boxes with the sterilized flies out of airplanes. I remember that the screw worm fly problem was very short-lived.
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
boognish_bear
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boognish_bear
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Jack Bauer
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"But inflation was 9% under Biden" excuse coming in 3...2...1

Jack Bauer
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I'm sure this F*** face will be on FoxBusiness soon to tell us we are in the Golden Age!!!

RD2WINAGNBEAR86
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Jack Bauer said:

I'm sure this F*** face will be on FoxBusiness soon to tell us we are in the Golden Age!!!



"Gas prices are going to plummet to levels never seen before when the war is over........we have the hottest country in the world.......Affordability is a conspiracy and a word invented by the Left........Blah...Blah...Blah!!!!"
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
boognish_bear
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Jack Bauer
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"I love the inflation"

MAGA - take that libs!!!!

boognish_bear
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No need to worry about inflation anymore… we are all going to be rich

RD2WINAGNBEAR86
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boognish_bear said:

No need to worry about inflation anymore… we are all going to be rich



Trump is taking our country closer to Socialism than any other President in our history. Not even close.

We did not vote for this.

Where the Hell is my $2,000 Tariff Stimulus check?
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
Oldbear83
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FDR and LBJ say 'hold on' ...
That which does not kill me, will try again and get nastier
FLBear5630
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RD2WINAGNBEAR86 said:

Jack Bauer said:

I'm sure this F*** face will be on FoxBusiness soon to tell us we are in the Golden Age!!!



"Gas prices are going to plummet to levels never seen before when the war is over........we have the hottest country in the world.......Affordability is a conspiracy and a word invented by the Left........Blah...Blah...Blah!!!!"


You dont understand economics, inflation is good. Trump is playing 3d chess and killing China. I cant make you understand. You should be happy to see 4% inflation. Actually, dont buy food, give it to a data center the trickle down will be worth it.
historian
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