Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices
www.huffpost.com
The president-elect walked back what was always a wildly unrealistic campaign promise.

Summary

Trump admitted it will be difficult to lower consumer prices, despite campaign promises to reduce grocery, energy, and overall inflation costs.

Trump told Time that achieving price reductions is rare without major economic downturns.

During the campaign, Trump blamed rising costs on Democratic leadership and proposed tariffs as a solution, but economists warn tariffs could raise prices further.

Inflation, a key voter concern, played a significant role in Trump’s election victory, though he has yet to outline a clear plan to deliver on his economic pledges.

  • krashmo@lemmy.world
    511·
    6 hours ago

    Inflation soared above 9% in 2022 as a result of supply chain problems related to the coronavirus pandemic and strong consumer demand that had been buttressed by stimulus checks and other relief policies both Trump and President Joe Biden championed.

    Jesus Christ we’re still blaming stimulus checks for inflation. Most people couldn’t pay more than a months rent at most with the stimulus they received and yet we’re supposed to believe that was a huge factor driving prices up? Saying stupid shit like this is exactly as bad as Trump’s ridiculous tariff proposals but because it’s not a Republican saying it we’re just supposed to accept it as gospel. Eat my ass HuffPo

      • Rhaedas@fedia.io
        3·
        4 hours ago

        Almost like giving more to the people who spend it on the economy, helps the economy. Who knew?

    • GiddyGap@lemm.ee
      10·
      5 hours ago

      we’re still blaming stimulus checks for inflation.

      Most western countries had inflation as high or higher than the US and did not provide stimulus checks. Gee, I wonder what the common denominator could be…? Certainly not a worldwide pandemic!

      • Rhaedas@fedia.io
        3·
        4 hours ago

        The ones that went to not small businesses (because handing out money doesn’t need any oversight). And got forgiven even though they weren’t used for payroll (another trickle down failure).

    • iopq@lemmy.world
      14·
      5 hours ago

      More people spending money can cause inflation if you have the same amount of goods.

      How many months of rent is irrelevant because that’s not disposable income. If the stimulus didn’t meaningfully increase your disposable income dieting the pandemic you’re too rich to discuss it