Summary
Americans, frustrated with high prices despite a strong economy, voted for change with Donald Trump’s election. Trump promises to reverse Biden-era policies, vowing steep tariffs, tax cuts, and mass deportations.
Economists warn his plans could worsen inflation, increase the federal deficit, and destabilize growth. The Peterson Institute predicts Trump’s tariffs could drive up costs for American consumers, while deportations could shrink GDP by $5.1 trillion.
His proposed tax cuts could add $4.1 trillion to the deficit, while economists question his willingness to address fiscal imbalances through spending cuts.
He’s going to undo Biden-era policies that attempted to correct Trump-Era policies so he can continue making shit policy.
Tinfoil hat time. What if Trump convinced food CEOs to make everything expensive and then when he returns they put the prices down.
Occam’s Razor time, he doesn’t have to do anything because we are on the downslope of the inflation. He just has to sit there and tweet for a year, then claim credit. And the same low information voters who said it was Biden’s fault bread went from $2 to $5, will praise his economic prowess.
If inflation works like it has in the past, prices are not returning to their prior amounts, though. The brainstems won’t be able to grasp that, I’d wager.
Exactly.
If inflation is 10% in one year and falls to 2% the next then stuff is still 12% more expensive than it was two years ago.
I can’t help wondering how many people who voted in the last election understand this though. Single digits?
Remember, those CEOs are also all trump sycophant idiots. They’ll artificially lower costs further, to sell the lie, trump admin will make up the difference, and then some, on “lost” profits in tax breaks for the rich. Then, once he can take credit, they’ll start to raise again, blame China or another country for rising prices as they climb back up and surpass current.
That will be the paper plan though, in reality, he’ll lose his focus and just say it out loud halfway through.
I was actually quoting a buddy of mine. That was his reasoning:
If a loaf of bread goes from $2 to $5 in one presidential term somebody fucked up
You have to love those GOP talking points. State some facts, then intentionally come to all the wrong conclusions. World class whiners.
Good. Bring on the economic pain. The worst case scenario is if he actually improved things while doing the evil he promised
Tariffs/wars will show a long term price hike, but there will be some products that decrease in price giving people strawmen. When countries place tariffs back against us, our exports will drop. When they do those products will have a surplus until they slow production to meet new expectations. When they have the surplus the prices will drop to sell the extra product. Once that product line is sold, and they lower their production to get their profit margins back up, that’s when prices will increase for those products. Last time soybeans were one of those products I believe.
Prices will come down in two weeks everyone. Just like their infrastructure plan, their ACA replacement, his taxes…
Good luck with the tariffs, fascist bootlickers ❤
People genuinely don’t understand this and it’s scary.
I feel like I’m going crazy explaining what a tariff is to people over and over who have never heard the word before but are praising it as a way to make everything cheaper and boost our economy
The same dumb-dumbs think Elon is both a brilliant businessman in the way he’s running Xitter (now worth 80% less. I don’t have an MBA, but I think that might not be a good way to run a business), AND think he would be just perfect for “fixing” our “wasteful” government spending.
SMH.
