This report makes it virtually certain the Fed will cut rates next month. In turn, that will lower costs on credit cards and variable-rate mortgages.
Wanna bet Trump has a hissy fit when that happens?

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I see you are finally starting to make sense.

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I don't actually report other people's posts, but this one demonstrates what a desperate dipshit Fester is.

See a trend here?

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He botch COVID, he then printed money with the Cares Act....sound right?

the concept of inflation, so unless PRICES start dropping for food, they are likely to vote for Trump.  A black woman interviewed in Philadelphia on the news this morning said 5 years ago she paid $2 for a bell pepper and now she pays $5.  Even though the inflation RATE may go down, high prices are still hurting lower income Americans, and I don't think Kamala much cares.  She is preparing to blame it on price-gouging by big companies.  It didn't work a few years ago and it's not going to work now.  

Inflation as a term is always a change upward.  If inflation is "down" it only means not going up as fast.
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Unfortunately for us the expansion of the money supply is baked into system. Inflation will continue until the devaluation of money equilibrates.  
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Prices are NEVER going down (except a few driven by other market factors.) The only way people are going to catch up to their earning potential of yesteryear is for productivity to increase the amount of wealth available.  
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There are no magic cures.  Exorbitant deficit spending has ruined many countries and the Harris/Biden administration knew or should have known the future misery they were setting the American people up for when they threw money around so irresponsibly.

If Trump sticks to that message he wins.

Found this quote.
"We had inflation due to covid for 2 reasons. 1. economy froze, production (parts) froze, supply stopped; supply-and-demand makes inflation. 2. Huge stimulus package. This was a wise trade-off: ease suffering now in exchange for future inflation. The stimulus …Cares Act and the American Rescue Plan Act..."
It was save the economy now and hopefully we'll have a soft landing

He got the ball rolling on inflation. It's a bi-partisan issue.

Basically walked up to a camp fire with a 5 gallon bucket of gasoline and poured it all on and never looked back! The insanity spending the mass printing of money.  

This administration owns this. CDL is right you can crow from the rooftops all you want that inflation is slowing but until prices come down SIGNIFICANTLY… no one gives a fuck!!!

And the Biden Administration had to make the call....jump start the economy or suffer a recession "the like that no one has seen"

🤣🤣🤣🤣

 

Neither does Trump. He officially stated at the RNC Convention that his way to lower inflation is via "drill, baby, drill." According to Trump, (I can't find the exact quote), the cost of energy is the key driver of inflation.  
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http://www.wsj.com/livecoverage/rnc-trump-speech-biden-election-2024/card/trump-says-he-will-end-inflation-crisis--2YPe96TA0q0MJKB1BoNL
Trump Says He Will End ‘Inflation Crisis’ [July 19 2024]
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"Former President Donald Trump vows to “end the inflation crisis” by drilling for oil to reduce energy costs, which he says will bring down prices for transportation, manufacturing and household goods. Inflation has been a major concern of voters headed into the election, thanks to elevated prices in recent years.  
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"Inflation is currently cooling: Consumer prices rose less than 3% in June from a year earlier, down from a peak of 9% two years ago. *****Most economists in a survey by The Wall Street Journal believe inflation, deficits and interest rates would all be higher during a second Trump administration***** than if President Biden remains in the White House. ..."  
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http://www.marketwatch.com/story/trump-promises-massive-tax-cuts-and-end-to-inflation-in-convention-speech-95790364
Trump promises ‘massive tax cuts’ and an end to inflation in convention speech.
Republican presidential nominee delivers address as his party’s convention in Milwaukee comes to an end.
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"Donald Trump reiterated his promises to lower taxes as well as stop inflation through greater U.S. production of fossil fuels, as the Republican presidential nominee spoke Thursday night to close out his party’s convention in Milwaukee.
“I will end the devastating inflation crisis immediately, bring down interest rates and lower the cost of energy,” Trump said during his wide-ranging address. “We will drill, baby, drill,” he added, predicting that will “lead to a large-scale decline in prices.” [Immediately???]
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http://www.theguardian.com/us-news/article/2024/jul/15/trump-economy-inflation
‘This just isn’t going to add up’: experts warn Trumponomics would hurt US.
Trump says he has plan to immediately lower inflation. Economists predict high tariffs and tax cuts would raise it.
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"... While the former president has pledged to “quickly” lower prices if he defeats Joe Biden in November’s presidential election, experts believe his policies risk sending them higher. ... But economists raised concern that his plans for steep tariffs on overseas goods and sweeping tax cuts would do the opposite. ..." [Trump tariffs on China severely damaged several MAJOR business sectors, e.g., soy bean exports to China CRASHED, wiping out $billions of exports. Etc.]
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"... "There’s a difference between reducing prices and reducing inflation,” Michael R Strain, director of economic policy studies at American Enterprise Institute, a conservative thinktank. “I don’t think anything that he’s proposing would lead to outright reductions in pricing.” ..."
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"Tariffs will ‘hurt: The Republican policy platform, said to have been personally edited by Trump, included a commitment to introduce “baseline” tariffs. Imported goods would face a levy of 10%, according to his campaign. Such a plan would “hurt the economy”, said Bernard Yaros, lead US economist at Oxford Economics. “If we do get across-the-board tariffs, that’s going to add to inflation immediately,” he said. ..."
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"Tax cuts will cost ‘trillions’: Trump’s proposed tax package – extending the cuts introduced during his first term, axing taxes on tips for hospitality workers and pursuing unspecified “additional” cuts – has raised fears that the vast US budget deficit would balloon on his watch. His tax plans “will cost trillions of dollars at a time when the budget deficit is growing, and the national debt is on an unsustainable trajectory”, said Strain.  ...  
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[ http://www.bloomberg.com/news/articles/2024-06-13/trump-tells-ceos-he-would-cut-corporate-tax-rate-to-20
Trump Tells CEOs He Would Cut Corporate Tax Rate to 20%. Trump met with Dimon, other CEOs in private meeting Thursday. [When asked "Why 20%?" Trump said, "Because it's a nice round number." Business, financiers, and economists were flabbergasted by Trump's utter stupidity.] ... back to The Guardian article ... ]
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"Trump’s inflation plan: Trump’s stated plan to lower inflation has five key pillars: ditch restrictions on domestic energy production, cut “wasteful” government spending, reduce regulations, crack down on immigration and “restore peace” worldwide. How likely Trump is to achieve such goals is an open question.  ..."
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For example, some economists estimate that deporting 1.6 million workers will raise prices and increase inflation and it will SHRINK the economy by more than 2%.  
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I have read several articles and opinion pieces recently that are using the phrase "low information voters." E.g., 'The Dems shouldn't waste time explaining every policy and plan in nuanced detail. The eyes of low info voters (many of whom are 'undecided') will just glaze over.' E.g., "Trump appeals primarily to low info voters who buy into the sound bites and lies and don't question whether his promises and claims are true or even make sense.' None of the articles mention TER P&R specifically but that analysis seems applicable here.

Inflation due to Covid was not a camp fire, it was GLOBAL fire. Dem policies were THE most successful policies, tamping down inflation more effectively than any other country in the world. And inflation continues to decrease.

What would Trump have done to deal with post-Covid inflation?  
(a) tax cuts for the wealthy  
(b) tax cuts for the wealthy
(c) tax cuts for the wealthy  
(d) all of the above