Why inflation may be worse than you think it is

[Dukasaur]

When was inflation the worst in the past 10 years? I know this will be a shock to Duk, but Blame Biden:

AI Overview
Over the last 10 years (2015-2024), the US inflation rate has fluctuated, with a notable increase in the latter part of the period. From 2015 to 2020, inflation was relatively low, averaging around 1.7%. However, in 2021 and 2022, the inflation rate surged, reaching 7.0% and 6.5% respectively, driven in part by the pandemic and supply chain issues. By the end of 2023, it had moderated to 3.4%, and by the end of 2024, it was 2.9%, according to Investopedia.

Pretty clear evidence. From your own quote, inflation was 7.0 as the start of the Biden administration, due to the insane Trump deficits. Declined steadily throughout the Biden years, as more rational management took hold. By the end of the Biden years, inflation had reached 2.9, still not at target but a large part of the way there.

Biden got a completely crazy fiscal situation from Trump, gradually tamed it, and then had to give it back to Trump. Now inflation is rising again. Should be a total disaster by the end of the 2nd Trump debacle.

Thank you, JP, for posting clear evidence that disproves your own theory.

[riskllama]

When was inflation the worst in the past 10 years? I know this will be a shock to Duk, but Blame Biden:

AI Overview
Over the last 10 years (2015-2024), the US inflation rate has fluctuated, with a notable increase in the latter part of the period. From 2015 to 2020, inflation was relatively low, averaging around 1.7%. However, in 2021 and 2022, the inflation rate surged, reaching 7.0% and 6.5% respectively, driven in part by the pandemic and supply chain issues. By the end of 2023, it had moderated to 3.4%, and by the end of 2024, it was 2.9%, according to Investopedia.

Pretty clear evidence. From your own quote, inflation was 7.0 as the start of the Biden administration, due to the insane Trump deficits. Declined steadily throughout the Biden years, as more rational management took hold. By the end of the Biden years, inflation had reached 2.9, still not at target but a large part of the way there.

Biden got a completely crazy fiscal situation from Trump, gradually tamed it, and then had to give it back to Trump. Now inflation is rising again. Should be a total disaster by the end of the 2nd Trump debacle.

Thank you, JP, for posting clear evidence that disproves your own theory.

LOL. Duk wins this thread, again...

[jusplay4fun]

When was inflation the worst in the past 10 years? I know this will be a shock to Duk, but Blame Biden:

AI Overview
Over the last 10 years (2015-2024), the US inflation rate has fluctuated, with a notable increase in the latter part of the period. From 2015 to 2020, inflation was relatively low, averaging around 1.7%. However, in 2021 and 2022, the inflation rate surged, reaching 7.0% and 6.5% respectively, driven in part by the pandemic and supply chain issues. By the end of 2023, it had moderated to 3.4%, and by the end of 2024, it was 2.9%, according to Investopedia.

Pretty clear evidence. From your own quote, inflation was 7.0 as the start of the Biden administration, due to the insane Trump deficits. Declined steadily throughout the Biden years, as more rational management took hold. By the end of the Biden years, inflation had reached 2.9, still not at target but a large part of the way there.

Biden got a completely crazy fiscal situation from Trump, gradually tamed it, and then had to give it back to Trump. Now inflation is rising again. Should be a total disaster by the end of the 2nd Trump debacle.

Thank you, JP, for posting clear evidence that disproves your own theory.

LOL. Duk wins this thread, again...

wrong:

Here is what my source ACTUALLY, clearly, and cogently says:

However, in 2021 and 2022, the inflation rate surged, reaching 7.0% and 6.5% respectively, driven in part by the pandemic and supply chain issues.

There is NO MENTION of Trump there.

And what does Biden DO? PASS ANOTHER huge bill to ADD to inflationary pressures. He does what Democrats do, pass HUGE spending bills and create and even larger Federal deficit.

You, Duk, clearly SLANT the news to fit your FALSE narrative and your parrot the sillyLlama jumped on it, as you did a false AI generated post, too. TRY again.

And to give more credence to my view, and the view of the MAJORITY of Amercans who elected Trump in 2024:

Voters blamed Biden and Harris for rising costs. Was that fair? We asked economists.
Portrait of Daniel de ViséDaniel de Visé
USA TODAY

(...)
But is the Joe Biden and Kamala Harris administration to blame?

Yes, the economists said, but only to a degree. Of the seven economists who spoke to USA TODAY, most cited the global pandemic, not Biden, as the primary cause of the nation's inflation crisis. (...)
But the stimulus also fed inflation, the economists said, which ultimately helped sink the Democrats at the polls.

“I think that they thought the public would reward them more for a fast recovery, in terms of jobs, than they would punish them for inflation,” said Ryan Bourne, an economist at the Cato Institute, a libertarian think tank. “I think that proved a huge miscalculation.” (...)

The pandemic shut down much of the global economy in 2020. When the world reopened, consumers found many products running short. Demand outstripped supply, the classic formula for inflation.

"The COVID shutdowns were the biggest, sharpest economic collapse in modern history," said Joshua Gotbaum, scholar in residence at the center-left Brookings Institution. "And it was followed by the biggest inflation in 40 years."

In March 2021, President Biden signed a $1.9 trillion stimulus bill, directing payments of up to $1,400 to pandemic-stricken Americans. The Trump administration had already sent two rounds of stimulus checks, in March and December of 2020.

And ultimately, it is NOT MY VIEWS that are important, but the 1) views of the voters and what the Government DOES in 2) fiscal and 3) tax policies (Keynesian) and what 4) the Fed does with the Money Supply (monetarists, and as sometimes mentioned by HitRed).

Trumps deficits were relatively small, until the Response to the Pandemic caused a reaction to avoid 2008 and its aftermath. Trying to avoid a recession caused inflation. Predicting the HUGE US Economy is an Art and not a Science.

[Dukasaur]

Trumps deficits were relatively small, until the Response to the Pandemic caused a reaction to avoid 2008 and its aftermath.

Completely false!

Here's an overview of U.S. budget deficits in the last couple decades. It shows Trump's rapidly-rising deficits before the pandemic hit:



The pandemic bulge tends to overshadow everything on that scale, so here's a different graph, published in 2018 by Reason magazine:

https://reason.com/2018/09/13/maga-federal-deficit-jumps-32-percent-hi/


The second graph shows spending, while the first one shows deficits, so they're not precisely comparable, but related.

I think you will agree that in 2018 there was no effect from the pandemic.

About a year later, Reason published another assessment. This said, in part:

Yet when it comes to the federal debt, Trump is clearly failing to live up to his own words. In April 2016, Trump told The Washington Post, "We've got to get rid of the $19 trillion debt." And he believed he could make that happen in a relatively compressed time frame. "I think I could do it fairly quickly," he said. How quickly? "I would say over a period of eight years."

Nearly three years into his presidency, however, the debt has risen to surpass $22 trillion. And federal budget deficits—the annual gap between revenues and spending—are growing ever larger, hitting levels not seen since the aftermath of the recession during President Obama's first term.

According to a new estimate from the Congressional Budget Office (CBO), the federal budget deficit for the 2019 fiscal year, which ended last month, was about $984 billion dollars. That just-shy-of-a-trillion dollar figure is higher than projected, and represents an increase of about 50 percent from when Trump took office, and an increase of about $200 billion from last year alone. It's more than double the $442 billion deficit under Obama in 2015.

(Emphasis in the last sentence added by me.)

In light of recent events, the last paragraph of the Reason article seems almost prescient:

Trump's nearly trillion-dollar deficits help reveal a deeper problem with the president, one that simple arguments about promises kept or unkept can sometimes fail to capture. It's not just that Trump can't be counted on to live up to his word. It's that Trump can't even be counted on to comprehend the promises he's made.

[jusplay4fun]

This entire discussion reminds me why I majored in Chemistry and not in Economics: We can debate this issue until.....(Name it) and neither side will prove beyond reasonable doubt that their side is correct.

One can prove rather cogently that 2 H2 + O2 ---> 2 H2O, AND offer a good explanation, using bonding theories and thermondynanic data as to HOW and WHY this occurs.

Duk's source is BIASED, and I will give you the quote that SHOWS it clearly:

It's more than double the $442 billion deficit under Obama in 2015.

This quote is the entire linchpin that support's Duk argument here. It is on its own entirely biased against Trump and is pro-Obama.

The writer compares the Trump budget to the BEST year Obama had, 2015. Look at the graph. Trump's 2019 deficit is LOWER than those of Obama for EACH of his first four years. Did the economic "slump" starting in 2009 have a ROLE? Of course.

btw: Remind me who was President duing 2024? Feeble old Joe? The guy who was FORCED to drop out because he had no real support and was mentally NOT THERE. Oh Yeah, RIGHT.

https://www.thebalancemoney.com/us-deficit-by-year-3306306

another graph:



FALSE NARRATIVE.
QED.

[Dukasaur]

This quote is the entire linchpin that support's Duk argument here. It is on its own entirely biased against Trump and is pro-Obama.

LOL. Can anyone imagine Reason magasine being pro-Obama? LOL.

Please do try again.

[Pack Rat]

You can't reason with MAGA stupidity.

[jusplay4fun]

This quote is the entire linchpin that support's Duk argument here. It is on its own entirely biased against Trump and is pro-Obama.

LOL. Can anyone imagine Reason magasine being pro-Obama? LOL.

Please do try again.

I have NEVER heard of it; widespread readership, apparently.

NO need to try again; your arguments are shredded. Whoever the magazine or author is.

[Pack Rat]

Did someone declare themself as a winner in this thread?

show

[jusplay4fun]

Trump says he's removing Fed governor Lisa Cook, citing his administration’s allegations of mortgage fraud
Cook, the first Black woman to serve on the Fed's board, said that Trump has no authority fire her and her lawyer said that they would file a lawsuit challenging "this illegal action."

President Donald Trump is removing Federal Reserve governor Lisa Cook effective immediately, according to a letter he posted to Truth Social on Monday night.

In the letter, Trump writes: "Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately."

https://www.nbcnews.com/politics/white-house/trump-removing-federal-reserve-governor-lisa-cook-rcna227138

and a good article here:
https://www.theatlantic.com/economy/archive/2025/08/lisa-cook-federal-reserve/684013/

and:

She is the first black woman on the Federal Reserve's board.[21]

Hearings were held on Cook's nomination before the Senate Banking Committee on February 3, 2022. On March 16, 2022, the committee deadlocked on Cook's nomination in a party-line vote, forcing the entire Senate to move to discharge her nomination out of the committee.[22][23] On March 29, 2022, the United States Senate discharged her nomination from the Senate Banking Committee by a 50–49 vote.[24] On April 26, 2022, the Senate attempted to invoke cloture on her nomination, but it was not agreed to by a 47–51 vote because Senators Chris Murphy and Ron Wyden contracted COVID-19 and were unable to vote. No Senate Republican voted for her, characterizing her as unqualified and a left-wing extremist.[25][21] On May 10, 2022, the Senate confirmed her nomination by a 51–50 vote, with Vice President Kamala Harris casting the tie-breaking vote, after cloture was invoked on her nomination by a 50–49 vote.[26]

https://en.wikipedia.org/wiki/Lisa_Cook

[Dukasaur]

Funny to see the level of outrage from a man who has made a career of real estate fraud.

[Pack Rat]

Funny to see the level of outrage from a man who has made a career of real estate fraud.

The rich and powerful have the cash and connections to commit financial crimes and plead no contest without admitting guilt.

AI Overview



+13
While no criminal court has found Donald Trump guilty of real estate fraud, a New York appellate court upheld a lower court's finding that he, his company, and his sons are liable for civil fraud.
The case, brought by New York Attorney General Letitia James, accused Trump and his company, the Trump Organization, of fraudulently inflating his net worth by billions of dollars on financial statements to secure more favorable loan and insurance terms. In August 2025, the Appellate Division affirmed that fraud was committed but found the initial financial penalty of over half a billion dollars to be unconstitutionally excessive. The case is now headed for New York's highest court.
Overview of the New York civil fraud case
Original Ruling (February 2024): After a non-jury trial, Judge Arthur Engoron found Trump liable for "persistent and repeated fraud".
Specifics of fraud: Examples cited include misleadingly reporting his Trump Tower penthouse as nearly three times its actual size and ignoring professional appraisals to inflate asset values.
Initial Penalties: A fine of over $450 million (with interest), a multi-year ban on Trump and his sons holding corporate leadership positions in New York, and limits on borrowing from New York banks.
Appellate Court Decision (August 2025): The state's mid-level appellate court issued a complex and divided ruling.
Upheld Finding of Fraud: The court affirmed the lower court's determination that fraud had been committed.
Vacated Monetary Penalties: The judges unanimously agreed that the half-billion-dollar penalty was "excessive" and violated the U.S. Constitution's Eighth Amendment.
Upheld Other Sanctions: Restrictions on the Trump Organization's business practices and corporate bans for Trump and his sons were maintained.
Next Steps (as of August 2025): Both sides are appealing parts of the Appellate Division's decision to New York's highest court, the Court of Appeals.
Summary of legal status
Status Detail
Guilty of civil fraud Yes. A New York court found Donald Trump, his company, and his sons liable for civil fraud, a finding upheld by an appellate court.
Guilty of criminal real-estate fraud No. The case was a civil lawsuit, not a criminal prosecution.
Financial Penalties Removed, pending appeal. The massive initial fine was overturned by the appellate court on excessive fines grounds, though the state attorney general is appealing that decision.
Corporate Bans Upheld, pending appeal. Other sanctions, including banning the Trumps from serving as officers of New York companies, remain in effect.

Trump is a serial fraudster who used Russian ill-gotten money and laundered the money through Trump's real estate.

[Pack Rat]

[jusplay4fun]

and pack rat THINKS he proved something? NOTHING new.

Wait,.....here is one

show

The excellence of pee rat continues to dazzle us.

[Pack Rat]

I have not mention your silly child like name for a long time.

Your anger bleeds through these threads. Sorry if you're butt hurt, whenever I post. Grow up!

Do you have some sort of asshole Tourette’s that makes you just post douchey shit uncontrollably?

[jusplay4fun]

[b][size=150]I have not mention your silly child like name for a long time.

Your anger bleeds through these threads. Sorry if you're butt hurt, whenever I post. Grow up!

What a childish snowflake you are pee rat. I have a Clan to LEAD and a WAR TO WIN.

You are a worthless punching bag parrot rat. Now you have to resort to BOLD and Large font, but STILL no worthwhile content. SHOCKED

NOT.

[Dukasaur]

[b][size=150]I have not mention your silly child like name for a long time.

Your anger bleeds through these threads. Sorry if you're butt hurt, whenever I post. Grow up!

What a childish snowflake you are pee rat. I have a Clan to LEAD and a WAR TO WIN.

You are a worthless punching bag parrot rat. Now you have to resort to BOLD and Large font, but STILL no worthwhile content. SHOCKED

NOT.

Someone once told me, if you have nothing nice to say, you might consider saying nothing.

[mookiemcgee]

I have a Clan to LEAD

This is part of the MAGA membership clause if anyone was wondering

They moved from pointy white hats to a modern red ball cap look but underneath nothing has changed

[jusplay4fun]

I have a Clan to LEAD

This is part of the MAGA membership clause if anyone was wondering

They moved from pointy white hats to a modern red ball cap look but underneath nothing has changed

Clan, NOT Klan. You should know better, Mookie.

btw: THE Klan, as in KKK, was anti-Catholic, anti-black, and anti-Semetic. (Remind you of anyone?) BUT Trump was not around in 1926 to call out Democrats in the South, many of whom were members of the KKK.

[jusplay4fun]

[b][size=150]I have not mention your silly child like name for a long time.

Your anger bleeds through these threads. Sorry if you're butt hurt, whenever I post. Grow up!

What a childish snowflake you are pee rat. I have a Clan to LEAD and a WAR TO WIN.

You are a worthless punching bag parrot rat. Now you have to resort to BOLD and Large font, but STILL no worthwhile content. SHOCKED

NOT.

Someone once told me, if you have nothing nice to say, you might consider saying nothing.

And hence I ignore MOST of pee rat's posts, that are full of insults. Look at this page of this thread and see how many of pee rat's worthless posts I responded to: FEW. Maybe ONLY one? IDK, it is not worth counting. I say nothing about most of pack rat's posts, so I do consider AND DO say nothing to MOST of them.

I did point out how many useless threads pee rat starts; it seems that pack rat did not follow your advice, Duk.

[Pack Rat]

Do you really know the word "ignore"?

Stick to it!

Do you have some sort of asshole Tourette’s that makes you just post douchey shit uncontrollably?

Can you seriously not help yourself?

[jusplay4fun]

[b][size=200]Do you really know the word "ignore"?

Stick to it!

I do know, and I do ignore you MOST of the time, pack rat.

You, pee rat, fail to comprehend the subtlety of IGNORING everything vs. ignoring MOST of your drivel. SAD.

[Pack Rat]

Do you really know the word "ignore"?

Stick to it!

Do you have some sort of asshole Tourette’s that makes you just post douchey shit uncontrollably?

Can you seriously not help yourself?

You just can't do it, can you, lol.

[jusplay4fun]

[size=200]Do you really know the word "ignore"?

Stick to it!

[b]You just can't do it, can you, lol.

Again, pack rat cannot understand "IGNORE completely" vs. "IGNORE most of the time." I come here to see if there a post that is worthy of my time to discuss and debate and get my brain working.

I can, pack rat, as I ignore MOST of your silly posts and weak insults and I do not respond to at all. Some I ignore for 2-3 days and decide to respond later. I rarely respond to your silliness, BUT you puny rat, you respond to my posts in minutes and sometimes HOURS. Check the record. Often, you will post a DOUBLE or even a TRIPLE and I do not respond to those as well. Again, check the record.

I do, I ignore ALL the threads you started that NO ONE else responds to either, OR did you conveniently forget those, pee brained rat?

Here is another such thread, that you started August 25 and NO ONE has responded to poor puny pee rat:

Trump admires picture of Putin and himself.
by Pack Rat » [b]Mon Aug 25, 2025 3:26 pm 0 Replies 53 views

Here I am merely:
pointing out your LIES, specious comments, insults, and that you have REALLY nothing to say that is worth most to read and respond. How many threads have you started that have ZERO responses? on the first page ONLY?

I posted this previously (on Sun Aug 24) and pee rat FORGOT or had no response, because he knows ALL I say here is TRUE and is documented:

1)
viewtopic.php?f=8&t=242788
RISK! aka Trump RISK!
zero responses, 11 NOW 66 views

2) The attack on Smithsonian
zero responses, 39 NOW 88 views

3) OBAMACARE to TRUMPCARE
1 Post (by the pack rat himself to his own post) and 270 NOW 285 views

4) Trump, Peace In Our Time.
zero responses, 47 views

5) OBAMACARE to TRUMPCARE
1 response by the pee rat himself ONLY; 247 views

6) Trump meeting war criminal in Alaska
1 response by the pee rat himself ONLY; 129 views

7) HOW BORDER PATROL VIOLATES YOUR RIGHTS
631 views, one response by 2dimes (he must have felt sorry for you onl July 18)

There is little point to update any more here in this list, now of at least SEVEN such threads in recent days and weeks.

Most people ignore your silly posts and do not respond to your worthless videos, pack rat, nor to your frequent LIES, poor comments, insults, and obfuscations. You have said little worth reading, and thus should NOT expect a reply because nearly all frequent visitors to this Forum understand how silly you are.

You try mightily to be relevant. I suggest that you take a few tips from Saxitoxin, (as posted by ConfedSS):

the Great Warrior of The Battlefields of C.C.LAND. (...) Words can not express just how LUCKY C.C.LAND is to have Saxi, who [b]righten[s] our lives everyday. But beware, should you find yourself in a battle of wits with him, [y]ou will lose. He will out dazzle you with words, as he smiles.

[slightly edited for clarity]