Where was CNN fact checking as he spewed this BS? Medias Touch has a list of 50 lies he spread without any pushback. Thanks for your thorough response with documentation to his lies.
Whew…! That’s a firehouse of BS. But, almost used to it by now.
If Joe was more up for the battle he would’ve crushed this felon.
And the other Trumpian slips. For instance, Trump’s secret convo with Putin about invading Ukraine. Joe should’ve pounced on that. But he just stared, mouth agape. So very frustrating.
Now: find clips from tfg’s rallies that show him repeating what he always says (or said (memorized) once or twice) — and used as a pseudo answer in the debate. He didn’t answer the questions.
Show why he didn’t prepare because he knew he didn’t need to. He was NOT going to add knowledge to the debate, he was going to dominate it by not being checked on -- and by repeating lies.
First, I want to give you credit for how you approached this. I've watched quite a few pundits opine on the debate in the number declare that everything that came out of Trump's mouth was a lie, while others want to pounce on statements made by Biden and call those a lie. I'm happy to see you use terms like "false", "misleading", "partially false" etc., all of which are worth pointing out but fall short of being an outright lie (in my mind a statement is a lie if it's both false and known by the speaker to be false, and not a slip of the tongue.)
However, I have some disagreements with your take on the inflation issue. I assume your statement "Most economists think the ideal rate is 2% per month." was a mistype, but even correcting the statement it would be more accurate to say, "SOME economists think the ideal rate is 2% per YEAR". Almost nobody wants a higher target and some favor a lower target. For example,
"Jeffrey Lacker, who had become Richmond Fed president in 2004, favored a 1 percent inflation target with a range of plus or minus 1 percent"
This isn't cherry picking some obscure economist, this is one of the people who vote on monetary policy to influence the inflation rate. I'm not arguing that 1% is the right target but I'll bet I can find more economists supporting a number below 2% than you can find supporting a number above 2%.
As another more relevant example, let's see what Janet Yellen had to say (from the same source):
"Yellen, then president of the San Francisco Fed, favored a 1.5 percent target with a range of 1 to 2 percent"
You noted that the annual inflation rate is down to "3.3%". How does the Fed feel about 3.3%? (Same source)
Thomas Melzer, then president of the St. Louis Fed " then at the very least I think we have to make it clear that we consider 3 percent inflation to be unacceptable"
I agree, while the 3% is better than the 9% it is still unacceptable.
I understand and accept the necessity of the action directionally "governments infusing their economies with cash to prevent an economic collapse during the pandemic" but it was way overdone, everybody one understands finance knows this.
That was a typo thank you. I just fixed it. This endeavor took about 20 hours to finish over the course of two days so it was hard to catch every mistake.
This is not an exploration of inflation it's a fact check of over 54 statements. I don't have the time or space to explore inflation at length. If you want to write your own article about inflation go for it.
I agree we don't need an exegesis on inflation. But you quoted Trump and declared the quotes FALSE. The first included his usual hyperbole, that inflation is "absolutely killing us". I trust you didn't take it literally but metaphorically. It's an opinion but one shared by many. It's tricky to try to label an opinion true or false, although sometimes an opinion is based on an implied purported fact, and that fact can be fact checked. Is this what you were trying to do?
Trump's second statement, where he declares "he [Biden] caused the inflation" could be challenged if it was interpreted as Biden all by himself caused the inflation. Obviously he had help, as spending bills are written by Congress which was controlled by the Democrats, although it's fair to note that the spending had Republican support. As I already noted, I'm in agreement that some spending was necessary. Determine the correct amount is obviously difficult but A quick glance at M1 reveals the staggering amount of money injected into the economy.
Where was CNN fact checking as he spewed this BS? Medias Touch has a list of 50 lies he spread without any pushback. Thanks for your thorough response with documentation to his lies.
I think I hit around 54 lies. It can get blurry on what is just an outrageous opinion and what is an actual provable lie with Trump.
Whew…! That’s a firehouse of BS. But, almost used to it by now.
If Joe was more up for the battle he would’ve crushed this felon.
And the other Trumpian slips. For instance, Trump’s secret convo with Putin about invading Ukraine. Joe should’ve pounced on that. But he just stared, mouth agape. So very frustrating.
This is invaluable. Thank you.
Thanks for this!
Now: find clips from tfg’s rallies that show him repeating what he always says (or said (memorized) once or twice) — and used as a pseudo answer in the debate. He didn’t answer the questions.
Show why he didn’t prepare because he knew he didn’t need to. He was NOT going to add knowledge to the debate, he was going to dominate it by not being checked on -- and by repeating lies.
Pretty crafty. But I prefer honest candidates.
First, I want to give you credit for how you approached this. I've watched quite a few pundits opine on the debate in the number declare that everything that came out of Trump's mouth was a lie, while others want to pounce on statements made by Biden and call those a lie. I'm happy to see you use terms like "false", "misleading", "partially false" etc., all of which are worth pointing out but fall short of being an outright lie (in my mind a statement is a lie if it's both false and known by the speaker to be false, and not a slip of the tongue.)
However, I have some disagreements with your take on the inflation issue. I assume your statement "Most economists think the ideal rate is 2% per month." was a mistype, but even correcting the statement it would be more accurate to say, "SOME economists think the ideal rate is 2% per YEAR". Almost nobody wants a higher target and some favor a lower target. For example,
"Jeffrey Lacker, who had become Richmond Fed president in 2004, favored a 1 percent inflation target with a range of plus or minus 1 percent"
Source
https://www.richmondfed.org/publications/research/econ_focus/2024/q1_q2_federal_reserve
This isn't cherry picking some obscure economist, this is one of the people who vote on monetary policy to influence the inflation rate. I'm not arguing that 1% is the right target but I'll bet I can find more economists supporting a number below 2% than you can find supporting a number above 2%.
As another more relevant example, let's see what Janet Yellen had to say (from the same source):
"Yellen, then president of the San Francisco Fed, favored a 1.5 percent target with a range of 1 to 2 percent"
You noted that the annual inflation rate is down to "3.3%". How does the Fed feel about 3.3%? (Same source)
Thomas Melzer, then president of the St. Louis Fed " then at the very least I think we have to make it clear that we consider 3 percent inflation to be unacceptable"
I agree, while the 3% is better than the 9% it is still unacceptable.
I understand and accept the necessity of the action directionally "governments infusing their economies with cash to prevent an economic collapse during the pandemic" but it was way overdone, everybody one understands finance knows this.
That was a typo thank you. I just fixed it. This endeavor took about 20 hours to finish over the course of two days so it was hard to catch every mistake.
This is not an exploration of inflation it's a fact check of over 54 statements. I don't have the time or space to explore inflation at length. If you want to write your own article about inflation go for it.
I agree we don't need an exegesis on inflation. But you quoted Trump and declared the quotes FALSE. The first included his usual hyperbole, that inflation is "absolutely killing us". I trust you didn't take it literally but metaphorically. It's an opinion but one shared by many. It's tricky to try to label an opinion true or false, although sometimes an opinion is based on an implied purported fact, and that fact can be fact checked. Is this what you were trying to do?
Trump's second statement, where he declares "he [Biden] caused the inflation" could be challenged if it was interpreted as Biden all by himself caused the inflation. Obviously he had help, as spending bills are written by Congress which was controlled by the Democrats, although it's fair to note that the spending had Republican support. As I already noted, I'm in agreement that some spending was necessary. Determine the correct amount is obviously difficult but A quick glance at M1 reveals the staggering amount of money injected into the economy.
https://fred.stlouisfed.org/series/WM1NS
Some portion of that was necessary but the money supply was approximately quadrupled in the first few months of Biden's term.
In summary, you quoted trumps statements about inflation and label them FALSE. You didn't make a coherent case.