What will Trump do to "fix the economy"? Is it really broken?

[woolfe9998]

We went back and forth about this issue back before Biden dropped out. Yes by most metrics the economy is fucking humming. Unemployment is as low as it can realistically get. Stock market is at or near all-time highs. GDP is fucking humming.

The problem is that the metric that matters to most people, the one that most people actually feel, real median wages is floundering. There was a bit of a boost to it when BLUE states enacted all their minimum wage increases, something Trump and Republicans fight tooth and nail, but other than that it has taken a beating from housing costs (something the feds can't really fix), and inflation (which was a global issue but we kept it under control better than most).

When Republicans are in control, Fox News points to the first three metrics to "prove" the economy is great and everyone accepts it without question. When Democrats are in control, Fox News claims they are faking the numbers or ignore them and scour the country for every overpriced product they can find to "prove" the economy sucks and everyone accepts it without question.

It's not really floundering. If you look at it year over year, at no time during the Biden administration, even at its nadir in 2021 after it had taken a sharp downturn due to inflation, was that metric lower than it was any time in American history prior to 2019. That's right, in 2019 and before America always had lower real wages than it has at any time during this administration.

It's very parallel to the issue of crime. If in one year there is a spike in violent crime, then we are suddenly being overrun by it even if it's been going down for 25+ years and the spike year is better than any year since like 3 years before it. People have short memories and that among other things makes them easy to manipulate.

Anyway, I have a longer memory than most, and I can recall from decades ago to the present, that people just always say they think the economy sucks. Just like Congress always sucks and the press always sucks. But mostly they just vote based on personalities, and people they hate and fear.

 

[HomerJS]

Where did you find this? Every time I searched I could only find up to 2022.

Let AI do the data search. They are good at data mining.

 

[HomerJS]

The billionaires just took over the US. I'm sure that will work out fine for us little people. If people think costs are going to come down I have a bridge I would like to sell. Companies found out that you will pay more for your good and services so why would they lower prices? Just look at Nvidia if you want the perfect example.

Now those same billionaires are in a position to manipulate the markets before and after the election. Dummies won't see it coming.

 

[brycejones]

Block minimum wage hikes.
More tax cuts for rich people.
More union busting.
Tariffs on imports.

All things that help the common man.

Yeah any union member who voted for Trump is going to be shocked when they see the new nlrb.

 

[HomerJS]

Still waiting for an answer since the Trump policies were so clear.

 

[dank69]

Let AI do the data search. They are good at data mining.

I think you got median wages, not real median wages. There is a big difference.

 

[brycejones]

The billionaires just took over the US. I'm sure that will work out fine for us little people. If people think costs are going to come down I have a bridge I would like to sell. Companies found out that you will pay more for your good and services so why would they lower prices? Just look at Nvidia if you want the perfect example.

To be honest it’s only going to end one way if Trump enacts his planned economic strategy. Viva la France!

 

[dank69]

It's not really floundering. If you look at it year over year, at no time during the Biden administration, even at its nadir in 2021 after it had taken a sharp downturn due to inflation, was that metric lower than it was any time in American history prior to 2019. That's right, in 2019 and before America always had lower real wages than it has at any time during this administration.

It's very parallel to the issue of crime. If in one year there is a spike in violent crime, then we are suddenly being overrun by it even if it's been going down for 25+ years and the spike year is better than any year since like 3 years before it. People have short memories and that among other things makes them easy to manipulate.

Anyway, I have a longer memory than most, and I can recall from decades ago to the present, that people just always say they think the economy sucks. Just like Congress always sucks and the press always sucks. But mostly they just vote based on personalities, and people they hate and fear.

Okay but people have short and selective memories. They remember sub $2 gas under Trump, forget it was due to covid killing hundreds of thousands, remember $4 gas under Biden, and ignore that is is back under $3 now...

 

[woolfe9998]

Okay but people have short and selective memories. They remember sub $2 gas under Trump, forget it was due to covid killing hundreds of thousands, remember $4 gas under Biden, and ignore that is is back under $3 now...

Yes, their memories are short as shit. They also have little attention span when it comes to politics, so they don't understand, well basically anything. Which means they are just there to be manipulated by unscrupulous people like Trump. And whoever else comes along in the future. My best guess is that will be Elon Musk.

 

[APU_Fusion]

Still waiting for an answer since the Trump policies were so clear.

They don’t have answers. They have feelings. They just want the chaos and to feel superior. There is no rational reason. The economy is booming and strong based on objective data. Watch Trump take credit for the economy on day one. He already said the stock market under Biden was only up because they were waiting for him to return.

They don’t care about data or objective measurements. They care about their feelings and what Fox News tells them (as they lie about the data).

Try explaining to any Republican or PCGeek or Greenman about the root causes of inflation being related to Covid impacted supply chains and logistics and they will say Biden did it. They have feelings. Not objective facts. They won’t acknowledge USA being leading energy producer in the world under Biden (data and fact), they will claim Biden hampered energy (feelings). On and on. Trump when then show energy production on February 1, 2025 and say he fixed it already. Lie and they will believe him.

We elected a felon, who raped a woman and who pretended to fellate a microphone. These are facts. Congrats America 🤣

The little red people in the red states think they will be millionaires now while the oligarch’s laugh and grift off their backs.

As a 49 year white guy with a lot of money in investments, Trump will probably be great for me as the world burns because I can afford to not be impacted by the coming insane policies. I will be sad as the innocents will suffer.

To me the dumbing down of education, rise of social media and the 24/7 conspiracy theory driven “news” is what will end the republic. Facts have been replaced by feelings (another name for alt-fact which is another name for lies which is another name for propaganda).

 

[BoomerD]

Yes, their memories are short as shit. They also have little attention span when it comes to politics, so they don't understand, well basically anything. Which means they are just there to be manipulated by unscrupulous people like Trump. And whoever else comes along in the future. My best guess is that will be Elon Musk.

Unless the constitution is amended, Musk cannot be president of the USA…and Trump can’t have a third term. (thanks to the Republicans after FDR. )

 

[nOOky]

About the most meaningful thing a large group of disappointed citizens can do is vote with their pocketbooks, and avoid spending money at any retailer that donated to Trump, and generally not buy from businesses that support his policies or are conservative.

As for Trump's plan for the economy, you know better than to think there is one.

 

[hal2kilo]

Unless the constitution is amended, Musk cannot be president of the USA…and Trump can’t have a third term. (thanks to the Republicans after FDR. )

With this SCOTUS? Who the fuck can predict anything other than it will favor what Trump wants.

 

[HomerJS]

I think you got median wages, not real median wages. There is a big difference.

I asked for real. Will get a second source.

 

[Hulk]

Those who believe Trump will "fix the economy" tell us a few things.

What part of the economy is failing? Can you name one thing besides prices are higher since Covid?

1. Cost of living/prices. Exactly what will Trump do to lower the cost of eggs, bacon and gas? Be specific since Harris was criticized for not articulating policy solutions.
BTW - Oct 2024 inflation rate is 2% annually

2. What other parts of the economy are failing and what is the Trump solution?

3. Trump says the economy is failing. How can you market $100K watches in a failing economy?

I don't think you're asking this in earnest but I will respond even though I'm quite sure you are unreachable.

First of all this: https://www.heritage.org/debt/comme...-far-outpaces-trump-racking-the-national-debt

Second, the Democrats always outspend (inflate) the economy. The Republicans are guilty as well but the Democrats are much worse. Biden caused this inflation simply by printing so much money.

You can talk about taxing the rich and paying your fair share all you want but it's nonsense. The top 10% of earners pay over 60% of all Federal taxes and 76% of all Federal Income Taxes. Yeah, I know they take home a lot and should be punished further for working hard.

"Fair" would mean everyone would pay the same rate, say 10%. But we don't do that we have a progressive tax rate. The more you make the higher percentage you pay. But that's not enough we need to tax the rich more, maybe the top 10% should pay all of the income taxes right? Bring that top rate up to 90% like in the good old Carter days, or don't you remember them?

You want less of something tax it. Want more out of the US economy, then tax it less. Want more US based business, then tax (tariff) off shore companies. Oh wait, there is a difference between taxes and tariffs. Even Biden knows this, which is why he kept the Trump tariffs, little known inconvenient fact.

Now, the price of things are always going to be higher on average moving forward in time as the government prints money and thus inflates the total without changing the actual value. Print more and it's all worth less. This is how Roosevelt started the Democratic collapse of the US economy in 1933 by suspending the gold standard. You see, you can't print money if it has to be backed by gold. He took care of that and we are in tremendous debt to this day. In fact we pay more to service our debt (Thanks FDR and all the Dems who have followed him) than we pay for the military.

I could go on and on but I'd be wasting our time because you and most around here have your eyes and ears shut to reality and are thus "unreachable."

Scarily the liberal media, meaning most of it in the US, NBC, CBS, MSNBC, ABC, CNN, New York Times, Washington Post, and on and on.. nearly convinced people to elect an avatar through pushing the same lies day after day, week after week, year after year. They even convinced you. Luckily sanity ruled the day and the she wasn't able to fail up to the highest position on the planet.

So how will Trump help? First thing is we will do our best to enforce immigration law, not try to circumvent it to allow in future voters for the democrat party. Second is to ease regulations especially concerning energy. Lower energy prices and every drops in price. That's big one.

Anyway I hoped I've answered your question. And yes, at the end of the day people need to be able to afford a box of cereal and keep the heat on.

I along with the rest of the trash rest our case.

 

[UNCjigga]

I’m pretty sure Trump will be the first person to figure out how to implement a 30% import tariff AND cut prices at the same time. He’s bigly smart and has Elon Musk for additional brainpower whenever he needs it. Only the best brains.

 

[brycejones]

Okay but people have short and selective memories. They remember sub $2 gas under Trump, forget it was due to covid killing hundreds of thousands, remember $4 gas under Biden, and ignore that is is back under $3 now...

Simple people are susceptible to simple messaging. Saw lots of signs that said Trump low prices, Harris high prices

 

[HomerJS]

I don't think you're asking this in earnest but I will respond even though I'm quite sure you are unreachable.

First of all this: https://www.heritage.org/debt/comme...-far-outpaces-trump-racking-the-national-debt

Second, the Democrats always outspend (inflate) the economy. The Republicans are guilty as well but the Democrats are much worse. Biden caused this inflation simply by printing so much money.

You can talk about taxing the rich and paying your fair share all you want but it's nonsense. The top 10% of earners pay over 60% of all Federal taxes and 76% of all Federal Income Taxes. Yeah, I know they take home a lot and should be punished further for working hard.

"Fair" would mean everyone would pay the same rate, say 10%. But we don't do that we have a progressive tax rate. The more you make the higher percentage you pay. But that's not enough we need to tax the rich more, maybe the top 10% should pay all of the income taxes right? Bring that top rate up to 90% like in the good old Carter days, or don't you remember them?

You want less of something tax it. Want more out of the US economy, then tax it less. Want more US based business, then tax (tariff) off shore companies. Oh wait, there is a difference between taxes and tariffs. Even Biden knows this, which is why he kept the Trump tariffs, little known inconvenient fact.

Now, the price of things are always going to be higher on average moving forward in time as the government prints money and thus inflates the total without changing the actual value. Print more and it's all worth less. This is how Roosevelt started the Democratic collapse of the US economy in 1933 by suspending the gold standard. You see, you can't print money if it has to be backed by gold. He took care of that and we are in tremendous debt to this day. In fact we pay more to service our debt (Thanks FDR and all the Dems who have followed him) than we pay for the military.

I could go on and on but I'd be wasting our time because you and most around here have your eyes and ears shut to reality and are thus "unreachable."

Scarily the liberal media, meaning most of it in the US, NBC, CBS, MSNBC, ABC, CNN, New York Times, Washington Post, and on and on.. nearly convinced people to elect an avatar through pushing the same lies day after day, week after week, year after year. They even convinced you. Luckily sanity ruled the day and the she wasn't able to fail up to the highest position on the planet.

So how will Trump help? First thing is we will do our best to enforce immigration law, not try to circumvent it to allow in future voters for the democrat party. Second is to ease regulations especially concerning energy. Lower energy prices and every drops in price. That's big one.

Anyway I hoped I've answered your question. And yes, at the end of the day people need to be able to afford a box of cereal and keep the heat on.

I along with the rest of the trash rest our case.

If you check out the yearly deficit 2017-2023 you will see how silly your assertion is. Trump increased the deficit by 50% before Covid spending became necessary. Look up the numbers yourself and inform us. I already know them.

How does Trump changing immigration law enforcement lower the price of eggs or gas? Inform us.

I already admitted prices are higher but that is the only part of the economy that is bad. How does Trump lower egg, gas and bacon prices?

BTW - I am asking in earnest since we've been told Harris had no policies and Trump said he would fix things. I have to assume you can articulate his policies.

PS - Printing money was done under Trump and Biden all the way back 100 years so you can't lay singular blame.

 

[ivwshane]

The economy is already fixed, all he has to do is take credit for it, which he will and millions of idiots will accept it uncritically.

 

[woolfe9998]

Unless the constitution is amended, Musk cannot be president of the USA…and Trump can’t have a third term. (thanks to the Republicans after FDR. )

I doubt the Constitution will be operative in 4 years. Trump will suspend the Constitution because of an alleged "national emergency" some time in his 4th year. Trump himself will stay POTUS until dead or vegetative from dementia. Then either Musk or Don Jr. will be his heir apparent.

 

[HomerJS]

Okay but people have short and selective memories. They remember sub $2 gas under Trump, forget it was due to covid killing hundreds of thousands, remember $4 gas under Biden, and ignore that is is back under $3 now...

They also forget gas went sub $2 because lack of demand. Oil futures went negative for a short time then, but Trump gets credit, right? People are really simple minded. Some don't have time to get into the details and are vulnerable to simplistic blame/solutions.

Here is my second set of numbers for real median weekly wages.

2017 $860
2019 $936
2021 $989
2023 $1085
2014 est $1139

Similar to my other source of numbers.

 

[ivwshane]

If you check out the yearly deficit 2017-2023 you will see how silly your assertion is. Trump increased the deficit by 50% before Covid spending became necessary. Look up the numbers yourself and inform us. I already know them.

How does Trump changing immigration law enforcement lower the price of eggs or gas? Inform us.

I already admitted prices are higher but that is the only part of the economy that is bad. How does Trump lower egg, gas and bacon prices?

BTW - I am asking in earnest since we've been told Harris had no policies and Trump said he would fix things. I have to assume you can articulate his policies.

lol the idiot just advocated for raising taxes on everyone except the rich. That’s the level of stupidity we are dealing with here. He’s advocating for deflationary measures as well which reduces people’s buying power. It’s always tax cuts, despite taxes being the lowest they’ve been in decades.

The irony here is that if you want to bring prices down, you, as in the consumer, can make it happen by boycotting those that are charging too much. But that requires work and sometimes it means going the diy route but we now live in the “I don’t know how to do things myself” generation.

You tell me how we fix stupid and I’ll tell you how democrats win elections.

 

[[DHT]Osiris]

Unless the constitution is amended, Musk cannot be president of the USA…and Trump can’t have a third term. (thanks to the Republicans after FDR. )

He's going to wipe his ass with the Constitution. Just you watch.

 

[gothuevos]

drill baby drill

The only thing I can add to this is that there are still a ton of drill permits left unfulfilled. Collusion by oil companies, waiting for Trump to get back into office? Our production is already so high that I don't know if it makes a difference on the supply side.

The other unknown aspect of this is if Ukraine is made to surrender, the war "ends," and sanctions on Russian oil are lifted? Again I have no idea if this will make a difference or not, just speculating. I'm general tho, when the cost of fuel comes down, so does the cost of goods. But gasoline in most places is already around $3/gallon so I'm not sure how much of an impact it would make.

This isn't even taking into consideration the cost of tariffs, deportations, etc.

 

[HomerJS]

Come on Trump voters. Not interested in spin or propaganda, I want facts and truth. Perfectly willing to discuss on those grounds.