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
    301·
    1 year 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

    • iopq@lemmy.world
      12·
      1 year 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