Wade Garrett 155 Posted August 17, 2023 Just now, League Champion said: Ummm, NO Inflation started to explode in April 2021. Aware me how much Biden had spent at that point? Trump: $8T added to the debt $3.8T spent on covid. Bullied the Fed to LOWER rates in 2019. How is inflation Biden's fault? LOLOLOLOL 1 Share this post Link to post Share on other sites
League Champion 1,909 Posted August 17, 2023 3 minutes ago, Wade Garrett said: LOLOLOLOL Share this post Link to post Share on other sites
EternalShinyAndChrome 4,026 Posted August 17, 2023 3 minutes ago, Wade Garrett said: Inflation started to explode in April 2021. Aware me how much Biden had spent at that point? Trump: $8T added to the debt $3.8T spent on covid. Bullied the Fed to LOWER rates in 2019. How is inflation Biden's fault? LOLOLOLOL Why does a far left zealot like Glory Hole Garrett even care? Share this post Link to post Share on other sites
Hardcore troubadour 15,254 Posted August 17, 2023 Haven’t even mentioned Bidens Boondoggle in Ukraine. Share this post Link to post Share on other sites
jerryskids 6,719 Posted August 18, 2023 36 minutes ago, Wade Garrett said: Do you think Trump adding $8T to the debt and spending $3.8T on covid and bullying the Fed to keep rates near zero had just a bit to do with inflation? After all inflation started to explode before a single dollar of Biden's covid rescue plan had been spent. That's kind of weird don't you think? This has been discussed here multiple times, but since you are a blithering idiot, I'll explain it again. Trump's debt increases were in line with St Barack's until Covid in 2020. After the shutdowns stopped, Biden could have returned to pre-Covid debt, but he not only maintained it but INCREASED it. Here is the data: END OF FISCAL YEAR DEBT (IN BILLIONS, ROUNDED) DEBT-TO-GDP RATIO MAJOR EVENTS BY PRESIDENTIAL TERM 2007 $9,008 62% Bank crisis 2008 $10,025 68% Bank bailout and QE 2009 $11,910 82% Bailout cost $250B ARRA added $242B 2010 $13,562 90% ARRA added $400B, payroll tax holiday ended, Obama Tax cuts, ACA, Simpson-Bowles 2011 $14,790 95% Debt crisis, recession and tax cuts reduced revenue 2012 $16,066 99% Fiscal cliff 2013 $16,738 99% Sequester, government shutdown 2014 $17,824 101% QE ended, debt ceiling crisis 2015 $18,151 100% Oil prices fell 2016 $19,573 105% Brexit 2017 $20,245 104% Congress raised the debt ceiling 2018 $21,516 105% Trump tax cuts 2019 $22,719 107% Trade wars 2020 $27,748 129% COVID-19 and 2020 recession 2021 $29,617 124% COVID-19 and American Rescue Plan Act 2022 $30,824 123% Inflation Reduction Act and student loan forgiveness https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287 To summarize: Trump borrowed normally until a catastrophic event. Biden continues to borrow above catastrophic event levels. Now please stop being a pseud who spews ignorant nonsense about the debt. 3 Share this post Link to post Share on other sites
Wade Garrett 155 Posted August 18, 2023 1 minute ago, jerryskids said: This has been discussed here multiple times, but since you are a blithering idiot, I'll explain it again. Trump's debt increases were in line with St Barack's until Covid in 2020. After the shutdowns stopped, Biden could have returned to pre-Covid debt, but he not only maintained it but INCREASED it. Here is the data: 2007 $9,008 62% Bank crisis 2008 $10,025 68% Bank bailout and QE 2009 $11,910 82% Bailout cost $250B ARRA added $242B 2010 $13,562 90% ARRA added $400B, payroll tax holiday ended, Obama Tax cuts, ACA, Simpson-Bowles 2011 $14,790 95% Debt crisis, recession and tax cuts reduced revenue 2012 $16,066 99% Fiscal cliff 2013 $16,738 99% Sequester, government shutdown 2014 $17,824 101% QE ended, debt ceiling crisis 2015 $18,151 100% Oil prices fell 2016 $19,573 105% Brexit 2017 $20,245 104% Congress raised the debt ceiling 2018 $21,516 105% Trump tax cuts 2019 $22,719 107% Trade wars 2020 $27,748 129% COVID-19 and 2020 recession 2021 $29,617 124% COVID-19 and American Rescue Plan Act 2022 $30,824 123% Inflation Reduction Act and student loan forgiveness https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287 To summarize: Trump borrowed normally until a catastrophic event. Biden continues to borrow above catastrophic event levels. Now please stop being a pseud who spews ignorant nonsense about the debt. LOL, Trump phuked covid up, Biden had to fix it in 21 and 22. Trump added $8T to the debt. He spent $3.8T on covid. And just so we;re clear, your own chart shows Trump adding $8T and BIden adding $3T in 2 years WITH COVID. The country knows that Trump caused inflation. Deal with it. Share this post Link to post Share on other sites
RogerDodger 798 Posted August 18, 2023 3 minutes ago, jerryskids said: This has been discussed here multiple times, but since you are a blithering idiot, I'll explain it again. Trump's debt increases were in line with St Barack's until Covid in 2020. After the shutdowns stopped, Biden could have returned to pre-Covid debt, but he not only maintained it but INCREASED it. Here is the data: END OF FISCAL YEAR DEBT (IN BILLIONS, ROUNDED) DEBT-TO-GDP RATIO MAJOR EVENTS BY PRESIDENTIAL TERM 2007 $9,008 62% Bank crisis 2008 $10,025 68% Bank bailout and QE 2009 $11,910 82% Bailout cost $250B ARRA added $242B 2010 $13,562 90% ARRA added $400B, payroll tax holiday ended, Obama Tax cuts, ACA, Simpson-Bowles 2011 $14,790 95% Debt crisis, recession and tax cuts reduced revenue 2012 $16,066 99% Fiscal cliff 2013 $16,738 99% Sequester, government shutdown 2014 $17,824 101% QE ended, debt ceiling crisis 2015 $18,151 100% Oil prices fell 2016 $19,573 105% Brexit 2017 $20,245 104% Congress raised the debt ceiling 2018 $21,516 105% Trump tax cuts 2019 $22,719 107% Trade wars 2020 $27,748 129% COVID-19 and 2020 recession 2021 $29,617 124% COVID-19 and American Rescue Plan Act 2022 $30,824 123% Inflation Reduction Act and student loan forgiveness https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287 To summarize: Trump borrowed normally until a catastrophic event. Biden continues to borrow above catastrophic event levels. Now please stop being a pseud who spews ignorant nonsense about the debt. And Trump's Cares Act was almost 100% partisan. Biden American Rescue Plan was the exact opposite, GOP warned him it was going over the inflation cliff. Share this post Link to post Share on other sites
jerryskids 6,719 Posted August 18, 2023 3 minutes ago, Wade Garrett said: LOL, Trump phuked covid up, Biden had to fix it in 21 and 22. Trump added $8T to the debt. He spent $3.8T on covid. And just so we;re clear, your own chart shows Trump adding $8T and BIden adding $3T in 2 years WITH COVID. The country knows that Trump caused inflation. Deal with it. Well, I tried to explain it. Perhaps English is not your first language? Finance is certainly not your bailiwick. I'm not going to keep pushing a rope, so blather on while I laugh at you every time you post this drivel. Share this post Link to post Share on other sites
League Champion 1,909 Posted August 18, 2023 2 minutes ago, jerryskids said: Well, I tried to explain it. Perhaps English is not your first language? Finance is certainly not your bailiwick. I'm not going to keep pushing a rope, so blather on while I laugh at you every time you post this drivel. You can't explain anything to him, he's Dem City public school trash. He's illiterate and has no idea what you're talking about. Share this post Link to post Share on other sites
Wade Garrett 155 Posted August 18, 2023 5 minutes ago, jerryskids said: Well, I tried to explain it. Perhaps English is not your first language? Finance is certainly not your bailiwick. I'm not going to keep pushing a rope, so blather on while I laugh at you every time you post this drivel. How much has BIden spent in 2 years per your chart? Share this post Link to post Share on other sites
League Champion 1,909 Posted August 18, 2023 36 minutes ago, Wade Garrett said: How is inflation Biden's fault? You're dumb Share this post Link to post Share on other sites
Wade Garrett 155 Posted August 18, 2023 6 minutes ago, jerryskids said: Well, I tried to explain it. Perhaps English is not your first language? Finance is certainly not your bailiwick. I'm not going to keep pushing a rope, so blather on while I laugh at you every time you post this drivel. I'll help you out. Biden increased the debt $3.1 in 2 years. One of those being covid. What's your point again? Oh that's right, inflation is 100% on Trump. Why were Fed rates LOWERED in 2019? LOLOLOLOL Share this post Link to post Share on other sites
seafoam1 2,917 Posted August 18, 2023 1 minute ago, Wade Garrett said: I'll help you out. Biden increased the debt $3.1 in 2 years. One of those being covid. What's your point again? Oh that's right, inflation is 100% on Trump. Why were Fed rates LOWERED in 2019? LOLOLOLOL There's TDS and then there's wadecacksucker TDS. It's just mind boggling how dumb this used tampon is. Share this post Link to post Share on other sites
League Champion 1,909 Posted August 18, 2023 44 minutes ago, Wade Garrett said: Biden's fault And Biden did this to Share this post Link to post Share on other sites
Wade Garrett 155 Posted August 18, 2023 8 minutes ago, seafoam1 said: There's TDS and then there's wadecacksucker TDS. It's just mind boggling how dumb this used tampon is. Please explain what I posted that was incorrect boyo. Share this post Link to post Share on other sites
jerryskids 6,719 Posted August 18, 2023 15 minutes ago, Wade Garrett said: How much has BIden spent in 2 years per your chart? My chart doesn't list spending. 12 minutes ago, Wade Garrett said: I'll help you out. Biden increased the debt $3.1 in 2 years. One of those being covid. What's your point again? Oh that's right, inflation is 100% on Trump. Why were Fed rates LOWERED in 2019? LOLOLOLOL I already explained: increased it OVER the crisis amount, instead of returning to a sustainable amount. You lack the mental ability to understand this, sorry. Share this post Link to post Share on other sites
jerryskids 6,719 Posted August 18, 2023 15 minutes ago, Wade Garrett said: Why were Fed rates LOWERED in 2019? LOLOLOLOL Google is your friend. Quote Officials would ultimately end up leaving interest rates at rock-bottom until 2015, after which they only hiked interest rates by 25 basis points once per year. That is, until 2017, when the Fed hiked three times, and 2018, when they hiked four more times. The fed funds rate peaked at 2.25-2.5 percent. Facing tepid inflation and moderating growth, the Fed also decided in 2019 to cut interest rates three times to give the economy a fresh boost — similar to Greenspan’s “insurance” cuts of the 1990s. The fed funds rate looked like it was about to settle there until the coronavirus pandemic came along, ushering back in another era of near-zero rates. The Fed slashed rates to zero across two emergency meetings within 13 days of each other as the gears of the economy came to a halt. https://www.bankrate.com/banking/federal-reserve/history-of-federal-funds-rate/ Share this post Link to post Share on other sites
EternalShinyAndChrome 4,026 Posted August 18, 2023 1 minute ago, jerryskids said: Google is your friend. https://www.bankrate.com/banking/federal-reserve/history-of-federal-funds-rate/ No one is Glory Hole Garrett's friend. Even his ex-boyfriend GutterPedo cut him loose Share this post Link to post Share on other sites
jerryskids 6,719 Posted August 18, 2023 My discussion with Wade boyo in a nutshell: 1 Share this post Link to post Share on other sites
Wade Garrett 155 Posted August 18, 2023 11 minutes ago, jerryskids said: My chart doesn't list spending. I already explained: increased it OVER the crisis amount, instead of returning to a sustainable amount. You lack the mental ability to understand this, sorry. Trump increase to the debt in 4 years = ? Biden increase to the debt in 2 years =? Share this post Link to post Share on other sites
jerryskids 6,719 Posted August 18, 2023 6 minutes ago, Wade Garrett said: Trump increase to the debt in 4 years = ? Biden increase to the debt in 2 years =? Slingblade says what? 1 Share this post Link to post Share on other sites
Hardcore troubadour 15,254 Posted August 18, 2023 27 minutes ago, League Champion said: And Biden did this to What a joke. It would make a pretty funny movie. Share this post Link to post Share on other sites
Wade Garrett 155 Posted August 18, 2023 Just now, jerryskids said: Slingblade says what? LOLOLOLOLOLOL Run away now lil' girl. Your chart shows exactly what's happened. But cultist gonna cult. Share this post Link to post Share on other sites
seafoam1 2,917 Posted August 18, 2023 2 minutes ago, Wade Garrett said: LOLOLOLOLOLOL Run away now lil' girl. Your chart shows exactly what's happened. But cultist gonna cult. Why do you keep doing the "LOLOLOLOL"? Are you that stupid? 1 Share this post Link to post Share on other sites
jerryskids 6,719 Posted August 18, 2023 3 minutes ago, Wade Garrett said: LOLOLOLOLOLOL Run away now lil' girl. Your chart shows exactly what's happened. But cultist gonna cult. Wade: Here is useless stat X. Jerry: Yes, but here is why that stat is useless. Wade: Here is useless stat X. Jerry: I just explained why it is useless, can you comment on that? Wade: Here is useless stat X. Well, I've had my fun with the pseud troll alias, moving on with my evening. Carry on! 2 Share this post Link to post Share on other sites
Beaker15 236 Posted August 18, 2023 1 minute ago, seafoam1 said: Why do you keep doing the "LOLOLOLOL"? Are you that stupid? Narrator: Yes, yes he is Share this post Link to post Share on other sites
Wade Garrett 155 Posted August 18, 2023 3 minutes ago, jerryskids said: Wade: Here is useless stat X. Jerry: Yes, but here is why that stat is useless. Wade: Here is useless stat X. Jerry: I just explained why it is useless, can you comment on that? Wade: Here is useless stat X. Well, I've had my fun with the pseud troll alias, moving on with my evening. Carry on! Since you're a disingenous coward I'll help you out. From your own chart: Trump 4 Years - $8.2T Biden 2 Years - $3.1T You are wrecked so bigly boyo. Love this for you. Share this post Link to post Share on other sites
RogerDodger 798 Posted August 18, 2023 55 minutes ago, jerryskids said: My chart doesn't list spending. I already explained: increased it OVER the crisis amount, instead of returning to a sustainable amount. You lack the mental ability to understand this, sorry. . Holy Chit. Share this post Link to post Share on other sites
RLLD 4,194 Posted August 18, 2023 11 hours ago, Wade Garrett said: Do you think Trump adding $8T to the debt and spending $3.8T on covid and bullying the Fed to keep rates near zero had just a bit to do with inflation? After all inflation started to explode before a single dollar of Biden's covid rescue plan had been spent. That's kind of weird don't you think? I think his policies were making lives better and fomenting an actual solution for the AA community in particular. Renewable energy production and consumption both reached record highs in 2019. Enacted policies that helped double the amount of electricity generated by solar and helped increase the amount of wind generation by 32 percent from 2016 through 2019. Accelerated construction of energy infrastructure to ensure American energy producers can deliver their products to the market. Cut red tape holding back the construction of new energy infrastructure. Authorized ethanol producers to sell E15 year-round and allowed higher-ethanol gasoline to be distributed from existing pumps at filling stations. Ensured greater transparency and certainty in the Renewable Fuel Standard (RFS) program. Negotiated leasing capacity in the Strategic Petroleum Reserve to Australia, providing American taxpayers a return on this infrastructure investment. Signed an executive order directing Federal agencies to work together to diminish the capability of foreign adversaries to target our critical electric infrastructure. Reformed Section 401 of the Clean Water Act regulation to allow for the curation of interstate infrastructure. Resolved the OPEC (Organization of the Petroleum Exporting Countries) oil crisis during COVID-19 by getting OPEC, Russia, and others to cut nearly 10 million barrels of production a day, stabilizing world oil prices. Directed the Department of Energy to use the Strategic Petroleum Reserve to mitigate market volatility caused by COVID-19. 1 Share this post Link to post Share on other sites
RLLD 4,194 Posted August 18, 2023 13 hours ago, Wade Garrett said: I'll help you out. Biden increased the debt $3.1 in 2 years. One of those being covid. What's your point again? Oh that's right, inflation is 100% on Trump. Why were Fed rates LOWERED in 2019? LOLOLOLOL Not entirely forthright on your part. I am surprised no one called this out, so I guess I will attempt to talk about it with you. https://apnews.com/article/fact-check-national-debt-donald-trump-barack-obama-ee3e613646fe500edf803e57959c776e Share this post Link to post Share on other sites
RLLD 4,194 Posted August 18, 2023 21 hours ago, Wade Garrett said: I do. But he did hit 4%+ for 2 quarters. I also know that Obama the Great took over during the republican led great recession that would have been a depression had Obama the Great not steered the world out of it. Guess who never even hit 4% for a quarter... Oh and Trump never hit 3% for a year either...but of course he botched covid so bigly that his botching of covid overshadows everything. Again, everyone just allowed this misrepresentation, and I know there are some around here who know better.... so I guess I will just make note. GDP is annualized first, and then averaged for a President, so COVID has allowed your bias to be fed. Now, we also need to note that Trump himself misrepresented. He pretended that the natural bounce back was somehow his doing, and it was not.... Share this post Link to post Share on other sites
thegeneral 3,119 Posted August 18, 2023 Japan South Korean Summit These countries have had a very contentious history. For their leaders to meet is a big deal, and while extremely early in the diplomacy, this is hopefully a big step forward for security in the region. Nicely put together by Biden administration. 2 Share this post Link to post Share on other sites
seafoam1 2,917 Posted August 18, 2023 1 minute ago, thegeneral said: Japan South Korean Summit These countries have had a very contentious history. For their leaders to meet is a big deal, and while extremely early in the diplomacy, this is hopefully a big step forward for security in the region. Nicely put together by Biden administration. Let's send another $100B to Ukraine. Focking dumbass generalurineslurper. Share this post Link to post Share on other sites
Wade Garrett 155 Posted August 18, 2023 Just now, thegeneral said: Japan South Korean Summit These countries have had a very contentious history. For their leaders to meet is a big deal, and while extremely early in the diplomacy, this is hopefully a big step forward for security in the region. Nicely put together by Biden administration. The US just keeps winning under Joe. First his amazing vaccine rollout gets us past covid, next he fixes Trumpflation while still growing the economy and bringing unemployment for all groups to their lowest levels ever. Wages are bigly outpacing inflation. NATO is expanded and unified. And now he's bringing these natural enemies together. Joe is a miracle worker! Share this post Link to post Share on other sites
RaiderHaters Revenge 4,314 Posted August 18, 2023 The fed is predatory and should always be zero or not even exist. But wade is a racist piece of sh1t who hates poor people and middle class despite his job at Walmart so likes to struggles Share this post Link to post Share on other sites
thegeneral 3,119 Posted August 18, 2023 3 minutes ago, seafoam1 said: Let's send another $100B to Ukraine. Focking dumbass generalurineslurper. Saving NATO is expensive and in our long term interests. A good investment, comrade. Don’t you have some outrage about Moneypenny to whine about. I think you are really on to something there. Share this post Link to post Share on other sites
seafoam1 2,917 Posted August 18, 2023 Just now, thegeneral said: Saving NATO is expensive and in our long term interests. A good investment, comrade. Don’t you have some outrage about Moneypenny to whine about. I think you are really on to something there. You have some urine slurping you are thinking of again. Share this post Link to post Share on other sites
Hardcore troubadour 15,254 Posted August 18, 2023 After Bidens latest lie about witnessing the Bridge collapsing I’m starting to think the Cornpop story may be false as well. Share this post Link to post Share on other sites