The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP

So your claim is that Trump's deficit spending isn't pro-growth? Interesting.

 

Good debaters would use unsaid words in their arguments. You have a habit of doing this.

 

Good debaters make posts that make sense. You have a habit of not doing this.

So now that we have established that Trump's deficit spending isn't pro-growth, I am not sure why you expect that bill, filled with deficit spending from the Trump administration, to be pro-growth.

 

That barely affected the price of gas nationwide, much less the price of everything else. Inflation came down as post-pandemic supply restraints and demand surge eased. Turns out inflation was transitional.

 

I've never seen a more intellectually dishonest poster here than this guy. And that's saying something. Every argument he makes is twisted to support Trump. And he makes the opposite argument if it's a Dem. Just look at his flip on the Fed rate. Last September inflation was at 2.4% and ET1 was totally against a rate cute. He posted about it constantly. Now inflation is at 2.4% and ET1 won't stop whining about the Fed not cutting rates. Exact same inflation rate and a 180 degree turn around on what the Fed should do only because Trump is now president.

 

Nonsense. Transitional would have been for prices to spike up from supply constraints and subsequently return to their early 2021 levels. That did not have. Prices spiked and then stopped rising so quickly.

 

So you pull out an insignificant report when the actual real jobs report went like this:

The June jobs report indicates a gain of 147,000 jobs in the U.S. nonfarm payroll, with the unemployment rate remaining at 4.1%. This is slightly above the average monthly gain of 146,000 over the past year. The report also shows revisions to previous months' data, with April being revised up by 11,000 and May by 5,000.

Here's another from CNBC:

U.S. payrolls increased by 147,000 in June, more than expected

There had been some speculation ahead of the report that a weak number was possible, with private payrolls service ADP on Wednesday reporting a loss of 33,000. However, the BLS report showed a gain of 74,000 in that category.

 

As usual you don't know what you're talking about (and you don't know what inflation is). Even if inflation went down to 0 from its peak of 9.1% in June 2022, prices would not have returned to their early 2021 levels. That would have required deflation, which could probably only happen with a major recession. No one wants deflation.

The 2022 inflation was transitional. It peaked at 9.1% in June of 2022 and dropped to 3% a year later by June of 2023. Again, that's transitional. If you want to know what embedded (non-transitional) inflation looks like take a look at yearly inflation charts from the 1970s. From 1973 to 1982 inflation averaged 8.75% per year.

 

+1

 

So Bidenflation was absolutely terrible (as attested to by your wife) and was an absolutely travesty - yet all Biden had to do to reverse it was tap the strategic petroleum reserve - problem solved.

 

Now that we are at a net neutral(if not positive) oil production number. Why do we still need the petroleum reserves?

 

This my good people, is mental masturbation. You are intentionally confusing the inflation rate with inflation in a feeble attempt to make a point.

 

Huh? Inflation is always expressed as a rate? “Inflation” and “inflation rate” are interchangeable terms in most cases…. You are not making any sense.

 

He's really embarrassing himself on this one.