Invite ye felawes and frendes desirous in gold to enter the gates of Shrewd'm, for they will thanke ye later.
- Manlobbi
Halls of Shrewd'm / US Policy
No. of Recommendations: 4
Hahahahahahahaha!
Well done.
No. of Recommendations: 7
Dope1: Hahahahahahahaha!
Well done.
Looks like someone won the bingo drinking game.
No. of Recommendations: 3
Generally what Trump did was this:
-Machine-gunned out his accomplishments
-Gave an insanely partisan speech that’s usually reserved for campaign events
-Signaled the themes he’s going to hit on the campaign trail
-Basically changed the rules for how mid term campaigning will go.
No. of Recommendations: 5
https://theonion.com/trump-announces-5000-increase...WASHINGTON—Touting his latest executive order as a historic win for the U.S. economy, President Donald Trump announced Friday that he was mandating a 5,000% increase in all numbers nationwide. “Effective immediately, 100 will now be 5,100 and—I’m reading off the official statistics from my people—500 will be 25,500,” said Trump, speaking from the Oval Office as he told reporters the move would shift decimals “many places” to the right for wages, stock prices, job numbers, gross domestic product, and other vital economic indicators.
No. of Recommendations: 17
Well done.
Fact check:
WHAT WAS SAID
“When I took office, inflation was the worst in 48 years, and some would say in the history of our country.”
False. Inflation had already fallen to 3 percent in January, when Mr. Trump took office.
WHAT WAS SAID
“The price of a Thanksgiving turkey was down 33 percent compared to the Biden last year.”
This is exaggerated. Mr. Trump may have been referring to, and overstating, a report from the American Farm Bureau, which estimated that the cost of a turkey at the grocery store before Thanksgiving had declined by 16 percent this year from last year. But wholesale turkey prices had actually risen this year,
Mr. Trump was also wrong that “everything else is falling rapidly.” In fact, the Consumer Price Index rose by 3 percent in September.
WHAT WAS SAID
“Gasoline is now under $2.50 a gallon into much of the country. In some states, it, by the way, just hit $1.99 a gallon.”
This is exaggerated. Nationally, gas prices averaged $2.90 per gallon in the week ending Dec. 15, according to the Energy Information Administration, a government statistical agency. Estimates from nongovernment trackers, like GasBuddy and AAA, were similar.
WHAT WAS SAID
“Already, I’ve secured a record-breaking $18 trillion of investment into the United States.”
False. Mr. Trump’s $18 trillion is almost double what his own White House press office has tallied ($9.6 trillion). It also includes broad pledges and previously announced projects. And more than half of that amount comes from informal pledges from foreign countries to invest in the United States that experts warn may be unrealistic.
WHAT WAS SAID
“We wrapped 12 different bills up into one beautiful bill that includes no tax on tips, no tax on overtime and no tax on Social Security for our great seniors.”
This is exaggerated. Mr. Trump’s signature domestic policy law, which he signed over the summer, creates deductions for tips and overtime, but those breaks are temporary. And its tax reductions for Social Security benefits are even more limited.
For the record, and just to illustrate: His claim about $18 trillion in promised investments includes a trillion from Saudia Arabia and from Qatar. Which is larger than their GDP. So it seems unlikely they will be “investing” more than their total output into the US,eh?
Please note: this post is only intended for rational thinkers, not those enjoying the benefits of Quaaludes, Xanax, Mescaline (or other hallucinogens such as Trump Devotion Syndrome”) or molly.
No. of Recommendations: 2
WHAT WAS SAID
That's all the cult will hear. FOX will be praising the bullshit to the high heavens.
The will to believe in this con artist is hard to comprehend.
No. of Recommendations: 4
Biden had the worst YOY inflation rate over the course of his presidency (4.95%) of any President since Jimmy Carter.
You wanna try again?
No. of Recommendations: 3
Is someone griping about inflation? Because the Fed's rate increases are finally taking hold and it's down.
No. of Recommendations: 8
Is someone griping about inflation? Because the Fed's rate increases are finally taking hold and it's down.
So what will happen as rates are lowered?
One month of data is not something I would hang my hat on. And we have no data from October.
Plus, I have suspicions when Trump puts sycophants in charge of data collection. For now, I’ll take it at face value, but it needs to be watched.
Then, there’s this interesting tidbit from today’s NYT:
The shutdown also disrupted data collection for November and economists warned that certain quirks artificially dragged down inflation for that period. For example, all of the November data was collected after the government reopened in mid-November, meaning more of the prices came during “Black Friday” sales than they would in a normal year.
Ahead of the release, Alan Detmeister, a former Fed economist now at UBS, said that the report would be a “very poor reflection of reality.”
Let’s see what happens over the next couple of months.
No. of Recommendations: 3
“very poor reflection of reality.”
...
Let’s see what happens over the next couple of months.
Trump will be working to banish reality forever.
