@ChitownMike312 Trump's $7.8 trillion deficit = root cause of inflation.
Trump's policies were inflationary:
•$1.7 trillion tax cuts were not offset by spending cuts
•tarriffs/trade war increased costs
•deregulation enabled corporate monopolization = higher prices
@elonmusk Trump started inflation with forcing the Fed to pause rate hikes during an overheated economy.
But don’t let facts get in the way of your narrative.
Should I bother responding to your attempt at a quip?
The "Constitutional Republic vs. Democracy" debate is nothing more than a word game. Yes, the U.S. is a constitutional republic, but that doesn't mean it isn't also a democracy. Our Founding Fathers often used the term democracy to describe the system they were establishing.
James Madison himself referred to the U.S. as a "representative democracy" in Federalist No. 10. Thomas Jefferson, in a letter to John Taylor in 1816, said, “The introduction of this new principle of representative democracy has rendered useless most of the oppressive powers of the monarchies.”
Just because we're not a direct democracy doesn’t mean we’re not a democracy. The people still elect representatives; the people still vote on laws. It’s democracy — with guardrails. Stop pretending that “constitutional republic” means we’re not also a democracy. It's just another way to push the same tired anti-democratic talking points that have no place in America.
Sources: https://t.co/o36jTvZfQu https://t.co/4ANzhHRp7m
@ShePlays1 Had a $7.8 trillion deficit which was the root cause of inflation and cost of living crisis. Trillions spent unnecessarily on shutdowns because Trump called COVID a hoax and sat on his lazy ass instead of using the Defense Production Act in Jan to mass produce N95s, ventilators
@sayitnspinit Trump's $7.8 trillion was the root cause of inflation.
Trillions spent on unnecessary shutdowns because hospitals were overrun, state govts declared shutdowns. Root cause: Trump called COVID a hoax and delayed using Defense Production Act to mass produce N95 masks/ventilators
@BettyCaveny Economically it was a huge success.
Just because some people are uncomfortable with change should not prevent us from making the economically correct decision
@PowderStack Change is inevitable. Adapt or go extinct. That's just natural selection and evolution at work.
In a meritocracy based capitalist economy, a hard working, more skilled, higher IQ person of color has more value than an unskilled, low IQ white person
@PowderStack Skill, talent, work ethic >>> skin color
The Earth's tilt causes some areas to get more sunlight (darker skin adaptation) and some areas get less sunlight (lighter skin adaptation)
Being born with white skin is utterly irrelevant to meritocratic capitalist based economy
@AntoninusP_ Unregulated, shareholder capitalism = oligarchy that prioritizes profits over people
Democrats' neoliberalism (free trade, Wall Str. bailouts, Fed quantitative easing) and Repub. neoconservativism (trickle down tax cuts, endless wars, deregulation) =working class taxpayer misery
@grover_nat12749 Never brought up Kamala. Btw 50k tax deductions for small business creation don't necessarily lead to inflation. More sales tax generated for example. I don't consider tax deductions handouts
Trump's $1.7 trillion tax cut - corporations didn't need it, used for stock buybacks
@grover_nat12749 Lag effect of macroeconomics
2017-2019 prosperity: lag effect of Obama's policies. Inherited Bush's 2008 Great Recession, overcame McConnell's obstructionism, and stabilized economy
Trump inherited a stable economy, ruined it with a $7.8 trillion deficit, felt after he left
@grover_nat12749 Lag effect in macroeconomics:
Our economy is massive, takes time for policy to affect people's lives.
Current economic suffering traces back to Trump's $7.8T deficit, trade wars/tariffs, and pandemic mismanagement. Biden added gasoline to the fire. But Trump was the root cause
@grover_nat12749 With Trump's recklessness and inaction Jan-Feb 2020, Congress was forced to spend trillions to clean up the mess (PPP Act, unem assistance, stim checks). Biden spent more to clean up pandemic mess he inherited from Trump
Root cause of inflation is Trump's $7.8 trillion deficit
@grover_nat12749 Therefore the shutdowns are absolutely on Trump. He made a bad situation worse by calling it hoax and tens of millions believed him. He procrastinated using the Defense Production Act, he eventually used it but not in January like he should have.
@grover_nat12749 Just look at how South Korea and Taiwan handled the pandemic.
Fast decisive leadership. Science based policy decisions. 80%+ masking up (we had the ability to mass produce more effective N95 masks for everyone). Virus spread slows down. Hospitals aren't overrun, no shutdowns
@grover_nat12749 The governors and mayors did shutdowns after seeing their hospitals being overrun with COVID patients and the medical staff being burned out (unsustainable for them to keep working like they were)
Vance: “I don't think most Americans are going to be influenced by a billionaire celebrity who is fundamentally disconnected from the interests and problems of most Americans”
🤔