XPost: alt.fan.rush-limbaugh, alt.politics
On 4/17/2025 10:49 AM, Mitchell Holman wrote:
[email protected] (Bradley K. Sherman) wrote in news:vtr1os$gcd$[email protected]:
The only President in the history of Gallup polling who had
lower popularity than Trump at this point of his second term
was Trump at this point in his first term.
|
| Trouble?
|
| President Donald Trump's got it.
|
| You know you have a problem when the warning by a federal
| judge -- that he sees "probable cause" your administration
| has committed criminal contempt -- wasn't the worst news you
| got on Wednesday.
|
| The worst news were the matter-of-fact remarks by Federal
| Reserve Chairman Jerome Powell that the president's tariffs
| were "highly likely" to fuel inflation and could slow
| growth. He didn't use the word, but that's the combination
| dubbed "stagflation" when it struck the Jimmy Carter
| administration.
| ...
<https://www.usatoday.com/story/news/politics/elections/2025/04/17/trum
p-trouble-stagflation-judicial-contempt-polls/83127684007/>
--bks
The massive inflation was a product
of the Ford Administration.
Bullshit. Inflation rates by month, 1974 through 1980:
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg
1974 9.4 10.0 10.4 10.1 10.7 10.9 11.5 10.9 11.9 12.1 12.2 12.3 11.0
1975 11.8 11.2 10.3 10.2 9.5 9.4 9.7 8.6 7.9 7.4 7.4 6.9 9.1
1976 6.7 6.3 6.1 6.0 6.2 6.0 5.4 5.7 5.5 5.5 4.9 4.9 5.8
1977 5.2 5.9 6.4 7.0 6.7 6.9 6.8 6.6 6.6 6.4 6.7 6.7 6.5
1978 6.8 6.4 6.6 6.5 7.0 7.4 7.7 7.8 8.3 8.9 8.9 9.0 7.6
1979 9.3 9.9 10.1 10.5 10.9 10.9 11.3 11.8 12.2 12.1 12.6 13.3 11.3
1980 13.9 14.2 14.8 14.7 14.4 14.4 13.1 12.9 12.6 12.8 12.6 12.5 13.5
https://www.usinflationcalculator.com/inflation/historical-inflation-rates/
Ford inherited high inflation when he assumed office in August 1974, and it rose
for a few more months, then began falling sharply through the end of his term. Then it came back with a vengeance in the middle of Carter's second year.
Remember: inflation is a monetary phenomenon. It comes from the central bank putting too much money into the economy. The president does not control monetary
policy. Fiscal policies can exacerbate inflation, but they are not the underlying cause.
--- SoupGate-Win32 v1.05
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