Really, this is what Trump should be doing, nailing Kamala on her record with Biden. Forget the Walz stolen valor, it won’t move the needle
Trump moves to tie Harris to Biden on the economy: ‘They are a team’
Donald Trump on Wednesday delivered a prebuttal of sorts to Kamala Harris’ anticipated economic policy rollout later this week, yoking the vice president to the Biden administration’s record on inflation while issuing his own vague promises for a second term.
“She really needs to explain the present suffering she has caused along with Joe Biden,” the former president told a crowd in North Carolina. “By the way, they are a team.”
It was a link Trump returned to repeatedly throughout his hour-plus speech — an effort to blunt Harris’ polling and fundraising momentum by tethering her to Biden. And it comes as the former president has struggled to regain his footing in the race since Harris took Biden’s place.
Speaking in the same state in which Harris is due to unveil her economic policy on Friday, Trump jabbed the vice president for adopting one of his signature calls — to end taxes on tips. He suggested her broader economic proposal “will probably be a copy of my plan.” He claimed, without evidence, that the stock market is up “because people think I am going to win” — and said last week’s dip was because people “were not thinking that.” And he warned, again without evidence, that a Harris victory in November would sink the country into another Great Depression.
Trump should stay on message, as hard as that is for him. There’s no need to play to the base: he has to play to the Independents, squishy Democrats, and even the Never Trumpers. Woo them. Highlight how bad the Harris-Biden policies on the economy have been. Along with the border, crime, fentanyl, and a few others. But, mostly economics, including energy prices and food prices. Real world stuff.
Can Trump stay on message, though?
Biden-Kumalanomics is working!
https://www.foxbusiness.com/markets/layoffs-announced-multiple-companies-summer
pups,
our company is dissolving.
Only took less than 5 years.
It’s the last time for anyone to heed any comments from Rimjob on science and/or economics.
Except that the credentialed media are swallowing the government’s not-quite-lies-but-not-the-truths on the economy. Yes, the Consumer Price Index is way down, but ‘volatile’ food and energy prices are not included in CPI.
Yes, if you have to buy a refrigerator or washing machine, there’s good news on the inflation front, but hopw often do you buy appliances? Electricity, rent or mortgage, food, the things people have to pay for every week or every month, the inflation rate for those things is higher than the CPI, but the credentialed media, other than specialized outlets like The Wall Street Journal, won’t tell you about that!
Economics 101:
1. Inflation is not the rise in prices. Inflation is the loss of buying power as a result of an increase in the money supply. Money supply increase is not a random thing that just happens, it is a deliberate result of government policy to print more money (in this case, “printing” includes creating it out of ones and zeros and depositing it to bank accounts).
2. Under conditions of zero inflation, the natural trend of all prices will be to fall due to efficiencies in production constantly getting cheaper. Government doesn’t need to do this, producers are already incentivized to minimize their costs and maximize their profits.
3. Changes in GDP are not automatically adjusted for inflation. Thus a rise in GDP of 2% and a 4% inflation rate, means the economy shrunk in real terms. But since the GDP is measured in dollars of spending, it is skewed by inflation as much as everything else.
4. The Rate of inflation is not additive. It is geometric. Thus, 4 straight years of 4% does not equal 16% inflation, it is 16.9%. After 10 years, it’s not 40%, it’s 48%. and so on. In effect, there is inflation on your inflation.
5. There is a natural limiting factor on how mych money the government can create out of thin air and that limit is determined by how much can be spent and put into circulation. Thus, we did not see inflation when the Trump administration created a trillion dollars for COVID response because most of that money did not get spent and circulated until the Biden administration. Democrats are masters at looting the treasury and putting money into people’s pockets, where it gets circulated. A lot of it goes into the stock market, thus leading to rising prices and indexes there, having NOTHING to do with a healthy economy. Part of the high inflation rate is adding COVID money authorized by Trump’s congress, but SPENT during Biden’s term, added to infrastructure cash, added to inflation reduction act cash. The Democrats are feverishly trying to spend it all before Trump takes office with a Republican majority and tries to claw back all the unspent money and cancel it.
6. The money supply can only theoretically shrink because congress cannot spend less than it taxes and it cannot borrow the trillions it demands, so the only avenue left is to create the money out of thin air. Trump cannot fix this. Reagan could, but congress undermined him and pissed it away. All Trump can do is minimize the growth to the point where an expanding economy and efficiencies in productivity can keep pace, thus hiding the true rate of inflation under something that looks like price stability.
7. The government that lied to you about COVID and everything else, even the food pyramid, you think is truthfully telling you inflation numbers and unemployment numbers in an election year? Every year, when Democrats are in power, rosey economic numbers are announced, then adjusted later when no one is looking. It is all about the federal bureaucracy doing their part to cover for Democratic party ineptness and looting of the treasury. They have a moral obligation to say nothing damaging about democrats or Hitler might get elected and kill everyone.
8. The CPI shows the strength of inflation, but does not cause inflation. Higher prices are the result, not the cause. The money supply is the cause. Congress will continue increasing the money supply and they don’t really care that it causes inflation because they need the money to fund their programs and democrats need it to enrich themselves and their friends. They really don’t care if you pay more for gasoline because of it. They are NOT on your side.
9. For all practical purposes, Biden’s inflation is locked in. Even if we go to a zero inflation rate, you will not see lower prices. Those price levels are a permanently new normal and likely to go even higher. The best you can hope for is slow rise, that keeps pace with rises in wages/salaries.
You are welcome.