Comments by "" (@pwillis1589) on "US inflation number expected to be the 'worst' in 40 years" video.

This is truely a stupid comment by Murray. Under the Trump administration there was a $1.4 trillion relief bill with a $600 stimulus cheques for all, and enhanced unemployment payments. The Biden administration has spent as well and shares some of the blame for higher inflation but it is ludicrous to just blame Biden. I wonder if Murray did any research for this article at all.
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I’ll jump in for Turbo. Can any of you tell me what the jobs number was last month? What is the average salary increases? What is the quarterly GDP figure? What are the US export numbers like for last year. Can any of you tell me what the Dow Jones is at compared to Jan 20? To you economic geniuses out there inflation is just one part of a complicated economy. Inflation of around 2.5% annually is a good thing. For the four years of Trump inflation averaged approximately 2%, so pretty good. High inflation is bad but it can be controlled by the Federal reserve via interest rates and a reduction in quantitative easing. Under Biden, although it’s only been a little over twelve months his economic numbers have been better than Trumps, except obviously inflation. This is just the hard economic data. It is indisputable.
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Can anyone tell me over the four years of the Trump administrations greatest economy ever what was the average annual growth in GDP.
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Can anyone tell me once they have worked out the average annual GDP growth under Trump what the average was under the Obama administration.
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@Wide_Awake-k3i I do know the numbers, but to your point about debt. The last time a US government actually balanced the budget was under a Democrat 20 years ago (Clinton). 8 years of Bush 8 years of Obama and 4 years of Trump and they all increased the national debt to varying degrees, and its only now you're worried. US GDP to debt ratio actually reached an all time high of 128.10% in 2020 under Trump. Where was your worry then?
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@VeteranfromOz It most definitely isn't. I did however provide you with a comparison of four administrations in relation to GDP debt ratio. Happy for you to provide any economic data, but the fact is the US economy is in good shape not perfect but. Inflation is a big concern.
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@Wide_Awake-k3i Do you wish to discuss US economic data or draw poo emojis?
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@VeteranfromOz It appears you are the snowflake when you couldn't handle economic data that doesn't fit your political bias.
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@VeteranfromOz Your comment lacks any content. Do you actually have anything of value to add to a discussion on US economic data?
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@reddysteddy2195 Easy. Lets start with employment numbers. Under Biden average monthly job growth has been above half a million, last months figure was just under that at 467000. I guess you have no idea but under Trumps four years in the greatest economy ever what was the average monthly job growth?. Unemployment was under 4% and has come up a 0.1% as more people start looking for work as the economy picks up. No month on month set figure exists, you just made that up or quote the source. As already acknowledged inflation is a big concern, and the Fed has already cut back on quantitative easing and interest rates are at a historic low level. Please quote your source for an average 40% increase in gas prices. I have it at 30% as per the US Energy Information Administration. Fuel price increases is not a US economy thing. Fuel prices have risen world wide due to OPEC not increasing production and US oil companies choosing to export their oil rather than sell it at a lesser profit domestically. See all explained rationally and no need to resort to personal abuse.
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@minkyfran8307 Wow a fan. Thanks. I do enjoy injecting fact based data into discussions. Why would I hide my comments? I think it is a bit extreme to suggest I blame Trump I have merely documented his actions on a factual basis. Can you remind me though in what context/discussion was it that I blamed him for an asteroid hitting the planet? Thanks.
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@Wide_Awake-k3i Yes I successfully answered those points. Is there any other economic data you are unsure of?
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@Wide_Awake-k3i So that’s it. Abuse. I remained respectful apart from the slight dig about being economic geniuses, and if that offended you sorry. It is disappointing as I engaged honestly, I’m not trying to or expect to change anybodys opinion, just throwing out some facts.
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@reddysteddy2195 Sorry you were correct gas prices did increase 40% in January which was a monthly figure I was quoting a yearly figure. My mistake. However you quote energy and gas prices as two separate figures the gas price relates directly to energy prices hence why that figure is so high. On a positive note excluding the volatile fuel prices the CPI was 6% which while it is a 40 year high as well, was in line with market expectations. Overall inflation in Jan was 7.5% but wages increased 5.7% which does offset it slightly.
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@minkyfran8307 Is there a reason why you felt the need to point out my comment history yet neglected to point out the history and quantity of the other people commenting? Which is just as much as mine. No difference. Interesting.
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@minkyfran8307 On the understanding that this is not a public space but a privately owned platform and hence there are limited free speech rights, what can possibly be wrong with airing non controversial public knowledge economic data. The economic data I showed was the same source under Republican administrations as Democrat administrations. Your use of the term gaslighting is not supported by any evidence, only your opinion. You provide no evidence of your statement that everyone knows this. Why are you so frightened of the factual data. The US economy under Trump was doing quite well, the covid recession hurt but you can't blame him for that, and then with a change of government Republicans seem to think the end of the economic world is just around the corner. It is just not a reasoned argument. The Republicans under Trump spent $1.4 trillion in covid stimulus and yet you entirely blame Biden for the current inflation problem. It is a simplistic notion. How can spending under Trump be good but under Biden bad. How can a cheque from Trump be good but one from Biden bad. To me that just doesn't make sense. As opposed to your desire to live in a self reflected bubble I enjoy listening , reading and gathering the news and views from all sides of the political and economic divide. Considering I am an huge advocate for the Western style of democratic capitalism is there really any point with the continuing labelling of leftist as if it is some sort of insult. I have no idea what a leftist is, or in your mind is everyone who is not a Republican a leftist?
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@minkyfran8307 I didn't suggest you didn't. I would just like to be sure what you mean. Telling me you have read my posts doesn't specifically tell me what you object to. I understand generally you disagree with me, but on what specific economic data to you distrust?
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@reddysteddy2195 I'm not attempting to cover up anything and on numerous occasions in this discussion have voiced my concern about a high inflation rate that I agree with you remains high is a longer period in very troubling. Most leading economists don't expect this. Inflation is expected to ease later on this year. Again inflation is not just a concern in the US, it is happening all around the world.
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@reddysteddy2195 My motives are just to have a reasoned discussion without the need to resort to personal abuse.
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Nobody is arguing higher than normal inflation is good, but in context high inflation is being experienced world wide as a function of supply chain issues and demand built up from the covid recession. Many other global economic factors are looking good. Employment, growth, production. It isn't all doom and gloom.
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