Avoiding recessions by printing money and giving it to people is not good fiscal policy, but you would know that if you passed a high school economics class. You can frame the Biden L we all took any way you want in order to cope, it doesn't change the fact that it's going to cost us all now. Hopefully the Trump admin can soften the blow through enough deregulation and spending cuts.
So let me get this straight, it's all Biden fault and by the most amazing coincidence in history it's all coming home to roost precisely when trumptards took office? Yea.....
Yep, the Biden admin caused the problem and the Trump admin is fixing it. Unfortunately, fixing the problem is going to involve slowing the economy in the short term. Cutting government spending and increasing manufacturing in the US will hurt in the short term, but if it helps increase growth without relying on borrowing and increasing debt-fueled demand then we can reduce inflation and get those cheap eggs we all want.
Or we can keep doing it the Biden way of increasing government spending and just keep paying more and more interest until the US defaults.
Do people still not understand that manufacturing jobs arent coming back to the US? Its just too expensive, and other countries are already set up to do it with cheaper labor costs and excellent job skills.
So really the entire reason he has tariffs in place is misplaced, you know, like blaming Canada for our fentanyl problem. None of his commerce/economy people will ever tell him tariffs are a disaster because they sold their soul and decided to tell him what he wants to hear. He is surrounded by terrified yes men and this is not a good thing. It means things wont change.
Trump is incompetent and is slowing grinding America into the dust. We have lost so much trust from our closest allies and its not coming back as long as we have some M@GA clown running the show.
Listen to Rubio's speeches from a few years ago calling Trump the ultimate con man, and watch him now. This whole farce is going to blow up in their faces soon, but the common man will be digging deeper into his wallet for a very long time.
The US cannot handle 4 years of this insanity, what we need is someone from HIS OWN Party to have the spine to stand up to him and tell the country he is insane and Musk is doing illegal things within the fed govt.
Yep, the Biden admin caused the problem and the Trump admin is fixing it. Unfortunately, fixing the problem is going to involve slowing the economy in the short term.
You seem to have forgotten about the $8T in debt incurred under Trump. Biden added the same amount while battling Trump-induced inflation, higher interest rates, and higher debt load due to Trump.
I mean the pandemic hitting shortly after Trump's tax cuts didn't help the budget, but you're just making sh!t up about higher inflation and interest rates during the Trump administration. Inflation ranged from 1.2%-2.4% under Trump and 2.9%-8.0% under Biden (it was at the 1.2% low when Biden took office). Fed rates ranged from 0.25%-2.5% under Trump, but ranged from 4%-5% during the entire Biden administration. All of this happened because Biden saw the spending that occurred during the beginning of the pandemic, said "hold my beer" and spent that same amount for 4 years straight, leading to the inflation problem we have now.
During President Donald Trump's term (January 20, 2017 – January 20, 2021), the United States federal budget outlays were as follows:
Fiscal Year 2018: $4.1 trillion
Fiscal Year 2019: $4.4 trillion
Fiscal Year 2020: $6.5 trillion
Fiscal Year 2021: $6.8 trillion
During President Joe Biden's term (January 20, 2021 – January 20, 2025), the federal budget outlays were: Fiscal Year 2022: $6.3 trillion
Fiscal Year 2023: $6.1 trillion
Fiscal Year 2024: $6.9 trillion (2025 numbers aren't in yet)
Read the post again, as it says nothing about higher inflation or interest rates under Trump. It says Trump’s failed economic policies, which added $8T to the national debt contributed to inflation under Biden. And despite the increased debt load and interest rates that Biden faced, he added roughly the same amount of debt as Trump.
The stock market hates, and punishes, uncertainty.
With all the back and forth on tariffs and international affairs, and the present defensive tone of the US administration on a potential recession, the stock market will tank, and then the economy will follow.
Be prepared if you can.
The prez will never learn it but theres a lesson in his presidency. The old sayings that "You can't con a con," and "you cant bs a bs'er?" BS! The twist on what we have with Trump is he is not bright enough to see that what you think your power in manipulating people is does not extend to forces bigger and deeper than are "dreamt of in your philosophy," Donald. Even with his Will -To -Power gamesmanship and histrionics the president is still subject to the Old Gods of Market Place, governance, and fickle public opinion (which has yet to gather and come crashing down on him, but will...in time, and maybe soon.) "The pendulum swings," an Old God maxim that is just offstage and ready to enter. And the other lesson that the public will learn is that the Authoritarian Personality--you know who--*is basically the most likely person in the room to...bend...to be subordinated to a greater, stronger authority.* Putin/Trump comes to mind, with Putin in the upper position. It's under way. Coming soon to our neighborhood. yr hmbl srv
This post was edited 14 minutes after it was posted.
I mean the pandemic hitting shortly after Trump's tax cuts didn't help the budget, but you're just making sh!t up about higher inflation and interest rates during the Trump administration. Inflation ranged from 1.2%-2.4% under Trump and 2.9%-8.0% under Biden (it was at the 1.2% low when Biden took office). Fed rates ranged from 0.25%-2.5% under Trump, but ranged from 4%-5% during the entire Biden administration. All of this happened because Biden saw the spending that occurred during the beginning of the pandemic, said "hold my beer" and spent that same amount for 4 years straight, leading to the inflation problem we have now.
Read the post again, as it says nothing about higher inflation or interest rates under Trump. It says Trump’s failed economic policies, which added $8T to the national debt contributed to inflation under Biden. And despite the increased debt load and interest rates that Biden faced, he added roughly the same amount of debt as Trump.
As of March 6, 2025, the United States' total federal debt stands at approximately $36.56 trillion. When President Joe Biden took office on January 20, 2021, the national debt was around $27.8 trillion. This indicates an increase of about $8.76 trillion during his administration. en.wikipedia.org
The fiscal year 2024, which concluded on September 30, 2024, saw a budget deficit of $1.833 trillion, equating to 6.4% of the Gross Domestic Product (GDP). Federal spending reached $6.752 trillion (23.4% of GDP), while revenues were $4.919 trillion (17.1% of GDP). en.wikipedia.org
The debt-to-GDP ratio surpassed 100% during Biden's tenure, reaching levels not seen since World War II. This escalation in debt is attributed to several factors, including substantial spending on pandemic relief measures, infrastructure investments, and other legislative initiatives. New York Post en.wikipedia.org
It's important to note that the national debt comprises both debt held by the public and intragovernmental holdings. The debt held by the public increased from 97.3% of GDP in January 2021 to 97.4% in June 2024.
Trump
When Donald Trump took office on January 20, 2017, the U.S. national debt was approximately $19.95 trillion. By the time he left office on January 20, 2021, the debt had risen to about $27.8 trillion.
Total Debt Accumulated Under Trump: ~$7.85 trillion increase in national debt over his four-year term.
Main Contributors to Debt Increase Under Trump: Tax Cuts and Jobs Act (2017) – Reduced corporate tax rates and individual tax rates, leading to lower federal revenue. COVID-19 Relief Spending – Stimulus payments, Paycheck Protection Program (PPP), and expanded unemployment benefits. Increased Military and Infrastructure Spending – Higher defense budgets and public works projects. Trade War with China – Tariffs led to retaliatory tariffs and some economic disruptions. Debt-to-GDP Ratio Change Under Trump: 2017: ~76% of GDP 2021: ~100% of GDP (largely due to COVID-19 spending) In summary, Trump added about $7.85 trillion to the national debt during his term, primarily due to tax cuts, pandemic-related spending, and higher government expenditures
Again, Biden saw the spending that was occurring in the beginning of the pandemic and said hold my beer.
This post was edited 1 minute after it was posted.
What many are doing on here is just watching their wallets. I understand that because I am retired and living on social security but will have to go back to work. But what about DOING WHAT IS RIGHT.
That is what we quit doing and we have only one party now.
Avoiding recessions by printing money and giving it to people is not good fiscal policy, but you would know that if you passed a high school economics class. You can frame the Biden L we all took any way you want in order to cope, it doesn't change the fact that it's going to cost us all now. Hopefully the Trump admin can soften the blow through enough deregulation and spending cuts.
So let me get this straight, it's all Biden fault and by the most amazing coincidence in history it's all coming home to roost precisely when trumptards took office? Yea.....
No, it’s not that deep bigmig. It is simply that President Musk has said recessions are now good and, therefore, the MAGA faithful will run with that talking point. I just saw last night that a Trump admin official—can’t recall exactly who it was—said something to the effect that cheap goods are bad for Americans. Clearly they are setting the stage for the next MAGA talking point message—inflation is a good thing.
I also saw a story essentially saying what my first post suggested—primarily that the goal is to force the fed to lower interest rates because that is what the billionaire class wants. Couple that with President Musk saying they need to privatize the Post Office (I am guessing he or an investment firm close to him) and that air traffic control should invest in starlink and you can clearly see the goal.
Explicitly—the goal is to enrich people who are have billions of dollars without regard to the base of either party (this includes MAGA) who are largely poors.
So let me get this straight, it's all Biden fault and by the most amazing coincidence in history it's all coming home to roost precisely when trumptards took office? Yea.....
Yep, the Biden admin caused the problem and the Trump admin is fixing it. Unfortunately, fixing the problem is going to involve slowing the economy in the short term. Cutting government spending and increasing manufacturing in the US will hurt in the short term, but if it helps increase growth without relying on borrowing and increasing debt-fueled demand then we can reduce inflation and get those cheap eggs we all want.
Or we can keep doing it the Biden way of increasing government spending and just keep paying more and more interest until the US defaults.
So how long before this comes good? How deep is the slowing going to have to be?
Legit questions for the administration if this is all in his grand master plan.
Do people still not understand that manufacturing jobs arent coming back to the US? Its just too expensive, and other countries are already set up to do it with cheaper labor costs and excellent job skills.
So really the entire reason he has tariffs in place is misplaced, you know, like blaming Canada for our fentanyl problem. None of his commerce/economy people will ever tell him tariffs are a disaster because they sold their soul and decided to tell him what he wants to hear. He is surrounded by terrified yes men and this is not a good thing. It means things wont change.
Trump is incompetent and is slowing grinding America into the dust. We have lost so much trust from our closest allies and its not coming back as long as we have some M@GA clown running the show.
Listen to Rubio's speeches from a few years ago calling Trump the ultimate con man, and watch him now. This whole farce is going to blow up in their faces soon, but the common man will be digging deeper into his wallet for a very long time.
The US cannot handle 4 years of this insanity, what we need is someone from HIS OWN Party to have the spine to stand up to him and tell the country he is insane and Musk is doing illegal things within the fed govt.
You want someone like Mike Pence? The GOP had a grand plan to place guardrails around Trump, but they learned lessons in such a hard way by turning into RINO. Nobody can stop Trump from what he wants to do. The only thing GOP can do is to pray for good weather, so Trump can have a good time playing golf.
If those national debt increases are correct, it increased 39% under Trump and 31% under Biden. That's a significant difference, especially because Trump's utterly incompetent, contradictory response created the problem that Biden had to dig us out from.
Trump exploded the federal deficit, par for the course for Republicans.
In 2016, Obama-Biden's last year, the deficit was 590 billion dollars.
Trump's deficits blew that up even before COVID by 66%. His last year had a deficit of $3.13 trillion, a 430% increase in the budget deficit from Obama's last year.
2017 $670B
2018 $780B
2019 $980B
2020 $3.13T
Biden then entered office and slashed the deficit, though the lingering effects of the pandemic, especially the huge decrease in the labor force and inflation, maintained the deficit well above Obama levels. Biden dropped the deficit by 11.5% his first year, then by 50% his second year. It then rose 23% and 6% his last two years. All told, it's a picture of Trump blowing up the deficit and getting us into the worst recession since the Great Depression. Biden helped get us out of it by moving us back to close to 'full' employment in record time and he did so with considerably more fiscal restraint than Trump.
Trump exploded the federal deficit, par for the course for Republicans.
In 2016, Obama-Biden's last year, the deficit was 590 billion dollars.
Trump's deficits blew that up even before COVID by 66%. His last year had a deficit of $3.13 trillion, a 430% increase in the budget deficit from Obama's last year.
2017 $670B
2018 $780B
2019 $980B
2020 $3.13T
Biden then entered office and slashed the deficit, though the lingering effects of the pandemic, especially the huge decrease in the labor force and inflation, maintained the deficit well above Obama levels. Biden dropped the deficit by 11.5% his first year, then by 50% his second year. It then rose 23% and 6% his last two years. All told, it's a picture of Trump blowing up the deficit and getting us into the worst recession since the Great Depression. Biden helped get us out of it by moving us back to close to 'full' employment in record time and he did so with considerably more fiscal restraint than Trump.
2021 $2.77T
2022 $1.38T
2023 $1.70T
2024 $1.83T
Biden SLASHED the deficit to $900 billion higher than Trump's deficit pre-covid. Amazing work!
Also, Trump never "got us into a recession" the pandemic hit and the government shut the economy down and decided to pay people not to work - the response liberals wanted. Instead of ending the spending spree when the economy opened back up, Biden just kept spending with the disgustingly bloated stimulus packages: American Rescue Plan Act ($1.9 trillion), Infrastructure Investment and Jobs Act ($1.2 Trillion), Inflation Reduction Act (LOL $437 Billion) and the CHIPS and Science Act ($280 Billion). As usual, you're completely delusional to say that Biden had "fiscal restraint."
Trump increased spending, but it went mostly to defense and border security which is why we didn't experience the massive, HISTORIC inflation spikes that happened starting in 2021 (remember, Biden inherited a 1.4% inflation rate). This was the outcome of Biden's "fiscal restraint."
The U.S. inflation rates during the presidencies of Donald Trump and Joe Biden are as follows: Under President Donald Trump: 2017: 2.13% 2018: 2.44% 2019: 1.81% 2020: 1.23% Under President Joe Biden: 2021: 4.70% 2022: 8.00% 2023: 4.12% 2024: 2.90%
Biden SLASHED the deficit to $900 billion higher than Trump's deficit pre-covid. Amazing work!
Also, Trump never "got us into a recession" the pandemic hit and the government shut the economy down and decided to pay people not to work - the response liberals wanted. Instead of ending the spending spree when the economy opened back up, Biden just kept spending with the disgustingly bloated stimulus packages: American Rescue Plan Act ($1.9 trillion), Infrastructure Investment and Jobs Act ($1.2 Trillion), Inflation Reduction Act (LOL $437 Billion) and the CHIPS and Science Act ($280 Billion). As usual, you're completely delusional to say that Biden had "fiscal restraint."
Trump increased spending, but it went mostly to defense and border security which is why we didn't experience the massive, HISTORIC inflation spikes that happened starting in 2021 (remember, Biden inherited a 1.4% inflation rate). This was the outcome of Biden's "fiscal restraint."
How much did Trump spend on defense and border security? I mean, since nobody is attacking the US, why would he spend so much on defense anyways? Mexico is paying US to build the border wall, so Trump just need to send a bill to Mexico, which shouldn’t affect the US budget, right?
And todaaaaaay , we get more of Trump reversing his position on tariffs and Ukraine. And the stock market hates it, another loss after a very bad day yesterday.
And damage control too for Tesla who now need thr president as a customer ?
But .... It's all correction right? It's all looking fantastic, right?
And todaaaaaay , we get more of Trump reversing his position on tariffs and Ukraine. And the stock market hates it, another loss after a very bad day yesterday.
And damage control too for Tesla who now need thr president as a customer ?
But .... It's all correction right? It's all looking fantastic, right?
Also, now Putin has all the cards to ask whatever he wants of Ukraine. He will make his demands and the US will 100% support them.
What does Putin have on Trump/Musk, I'm really curious....
And todaaaaaay , we get more of Trump reversing his position on tariffs and Ukraine. And the stock market hates it, another loss after a very bad day yesterday.
And damage control too for Tesla who now need thr president as a customer ?
But .... It's all correction right? It's all looking fantastic, right?
The new mantra is "short term pain for long term gain". Prepare to hear that ad nauseam.
And todaaaaaay , we get more of Trump reversing his position on tariffs and Ukraine. And the stock market hates it, another loss after a very bad day yesterday.
And damage control too for Tesla who now need thr president as a customer ?
But .... It's all correction right? It's all looking fantastic, right?
Also, now Putin has all the cards to ask whatever he wants of Ukraine. He will make his demands and the US will 100% support them.
What does Putin have on Trump/Musk, I'm really curious....
And todaaaaaay , we get more of Trump reversing his position on tariffs and Ukraine. And the stock market hates it, another loss after a very bad day yesterday.
And damage control too for Tesla who now need thr president as a customer ?
But .... It's all correction right? It's all looking fantastic, right?
The new mantra is "short term pain for long term gain". Prepare to hear that ad nauseam.
Soon it will be "keep quiet and stay positive or else"
Yeah but didn’t you know that a recession is a good thing? That’s the latest messaging from the right. Recessions are good. Soon they will be telling us that inflation is also good.
I doubt this is an original thought but I am starting to wonder if part of the reason President Musk is doing this to our economy is to force the Fed to lower interest rates. I think the billionaire class is cynical enough to crash the economy so they can get better borrowing rates.
Anyway, OP, recessions and perhaps even depression are good now—try and keep up.
No doubt, looking at cyclical names the recession watch is officially on. Not just a softening 10-yr yield but the 3 month to 3-year curve (Fed preference) is inverted again. Yes, tariffs and trade policies and cutting government spending all provide a lack of clarity, which will exacerbate the decline, but, more importantly, Trump knows a recession is already baked in (ISM surveys and other forward looking surveys said growth was slowing before he took office) and better to get it out of the way early so as to recover from it mid-term.
This will also allow for tax cuts and monetary easing from the Fed, which we will get if the recession is obvious. I don’t think Bessant has this right. Even if tax cuts spur the economy, and they will, it’s hard to bridge that gap w the timing. But, as usual with the disingenuous politics of this board, this recession was already in the offing pre-Trump. We should’ve already had it with the two year inverted curve environment under Biden, but we threw too much government stimulus at the economy. Which is not a healthy and sustainable dynamic longer term. The Covid stimulus should’ve been a one-year event, not a three-year event.
As far as the market, sentiment is really negative now and the $VIX almost hit 30 today, so a rebound in the near future shouldn’t be unexpected.
Trump is praying for "rebound". Especially after Trump Media stock is down -42% for a loss of $3 billion since 1st of the year.
Why can't Elon and Repubs see a Ponzi scam when its staring straight in their face ?
Maybe Elon needs to look into Trump Media for " fraud" ???
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