Economics Thread

[thethe]

Do you agree Biden solved inflation then before he left office?

Biden policies caused massive inflation in 21/22 that crushed the middle class. Then after that he had more moderate YoY increases which trump then further decreased.

 

[mqt]

You don’t think that makes sense? The dramatic rises took place in 21/22. Then the new base is established to evaluate.

So global supply chains broke and drove massive inflation and Biden had it under control by 2023? Quite the bold claim.

 

[thethe]

Again, was the proof in the pudding the last two years? You cannot both hold that Truflation is accurate today and that Trump took over an economy in shambles due to runaway inflation from Biden.

Mathematically it’s very easy to see that this is reasonable. Prices weren’t going up 10% annually.

 

[thethe]

So global supply chains broke and drove massive inflation and Biden had it under control by 2023? Quite the bold claim.

Locking down the country and placing massive regulations on all industries did that.

 

[chop2chip]

Okay girl

 

[thethe]

Okay girl

Tell me I’m wrong. Please tell me you thank every year under Biden prices incrsddd 10% YoY

 

[mqt]

Mathematically it’s very easy to see that this is reasonable. Prices weren’t going up 10% annually.

They wouldn’t have under Trump either. You can either accept or deny Truflation’s results all you want, but you’re weaving a contradictory thread here.

 

[sturg33]

Tell me I’m wrong. Please tell me you thank every year under Biden prices incrsddd 10% YoY

Where was that ever claimed?

 

[thethe]

They wouldn’t have under Trump either. You can either accept or deny Truflation’s results all you want, but you’re weaving a contradictory thread here.

What contradiction is that? That trump further decreased the YOY price increase?

 

[chop2chip]

Tell me I’m wrong. Please tell me you thank every year under Biden prices incrsddd 10% YoY

You’re not wrong. Biden defeated inflation in 2023 an Trump inherited an economy that was about to explode when he took office in January 2025 (according to Truflation)

 

[thethe]

Where was that ever claimed?

The idea that Biden “solving” YoY inflation based on this index invalidates it.

 

[thethe]

You’re not wrong. Biden defeated inflation in 2023 an Trump inherited an economy that was about to explode when he took office in January 2025 (according to Truflation)

10% YoY was certainly “defeated”

 

[chop2chip]

The idea that Biden “solving” YoY inflation based on this index invalidates it.

The accepted definition of “solved” inflation is 2% which we’ve apparently been at since 2023 (with bumps along the way) and were at 1.3% when Trump took office…

According to Truflation.

 

[mqt]

Locking down the country and placing massive regulations on all industries did that.

1) Biden didn’t really lock down the country.
2) Domestic lockdowns weren’t the primary drivers of our supply chain collapse. Wasn’t that one of the arguments for Liberation Day that we needed to not rely on international supply chains because of such issues?

 

[thethe]

The accepted definition of “solved” inflation is 2% which we’ve apparently been at since 2023 (with bumps along the way) and were at 1.3% when Trump took office…

According to Truflation.

Thats not what the chart says.

 

[thethe]

1) Biden didn’t really lock down the country.
2) Domestic lockdowns weren’t the primary drivers of our supply chain collapse. Wasn’t that one of the arguments for Liberation Day that we needed to not rely on international supply chains because of such issues?

1) LOL - Ok
2) People not being able to work because of Vax mandates and additional regulatrions on gear needed caused more disruptions than tariffs.

 

[sturg33]

The truflation data clearly shows inflation well reduced starting in 2023 and well stabilized with continuing declines by the time Trump took office.

A major blow to the narrative that Trump was the solution

 

[chop2chip]

Thats not what the chart says.

That chart is a snapshot taken in January 2025

 

[thethe]

The truflation data clearly shows inflation well reduced starting in 2023 and well stabilized with continuing declines by the time Trump took office.

A major blow to the narrative that Trump was the solution

And its showing an even more drastic decrease with Trump in office despite highest tariff rates in 80 years.

So prices are effectively flat but we are taking in record amounts of tariff revenue.

 

[mqt]

The truflation data clearly shows inflation well reduced starting in 2023 and well stabilized with continuing declines by the time Trump took office.

A major blow to the narrative that Trump was the solution

Maybe the problem with how Dems handled the economy in 2024 and how Trump is handling it now isn’t partisan lying, it’s just that Truflation is the real story and we’re all just idiots for thinking things are more expensive!