Inflation increase is a direct result of Trump’s policies and actions. Tariffs, in which the consumer ultimately pays, rising costs of oil, and Trumps shitty trade deals are to blame.
I don’t get this saying because anyone paying attention can see billionaires are pillaging our tax dollars while the cost of living skyrockets for literally everyone else
Before the election they were complaining about the price of eggs going up a bit (how many freaking eggs were they eating, anyway?), but now they’re saying anybody who complains about the price of gas is just broke & needs to work harder.
This is what drives me nuts about when people respond with “but Biden!” Inflation in 2022 was global, in fact the U.S. did far better than most countries, and it was obviously due to Covid supply chains being severely impacted and demand shifting heavily to goods over services. Also Russian invaded Ukraine, which spiked energy prices, and which Biden had nothing to do with. Inflation now is absolutely entirely on Trump.
So all you people bashing trump and maligning the greatest president to walk the earth, not to mention the most profitable businessman or woman in the history of the Universe, really think he is gonna give you a rebate check? I already got mine, so did all the Trump lovers I know. You didnt get one yet?? you should reach out to o the administration you constantly blast as terrible, targeting enemies and corrupt...I am sure they will listen. It would be unfair otherwise not to..lol..I am sure government AI isnt capable of tracking everything you do online or your habits, so the odds are your favor you get your check tomorrow
Insane how he could’ve coasted off of the Biden era policies and his base would’ve eaten up the lower inflation as a result as trumps doing and he fucked it up so bad
I spent a bunch of my life trying to convince friends and family that presidential policy (which is not law and is not supposed to be treated as such) actually typically has very little direct impact on the economy. Then Trump went and proved me wrong…
Covid inflation was GLOBAL, it was not limited to the U.S. and it wasn’t just that spending was up, it was also reallocated to new things overnight, and then due to all the shipping containers being in all the wrong ports, causing shipping prices to explode, making literally everything everywhere on the planet more expensive. Eventually this hit the consumer on the shelf. Like how right now you’re not seeing the effect of sky high oil prices on the shelf, those freight rates haven’t kicked in yet, but when they do - wow, shit is going to get real
I’m done with inflation. We need back to 2% asap. Fuck off with this inflation honestly. Ever since Covid started, everything has been fucked and people are sick of it.
And this is precisely why this country has been fucked, because my whole life it's been a Republican admin comes in and shits on everything and then a Democrat gets elected and juuuust gets it cleaned up in time to be thrown out for "not doing enough", then rinse and repeat.
My whole life. Every time. And people say both parties are the same.
I don't know why everyone thinks Powell is the best thing since sliced bread when it doesn't really matter if unemployment is 5% when you cant afford anything anymore because inflation is so bad.
Inflation is a heavy tax on anyone under 40 or anyone with children. If you think it's bad now, it's only going to get worse.
> everyone thinks Powell is the best thing since sliced bread
I don't think he was, he has been decent. Of course that makes him great in comparison to the current crop of those in Washington.
I can't off the top of my head think of anyone significant doing a better job in Washington the last 10 years (again not that he has done so great but he has been decent and I can't think of others that have been good or better). And I have much lower expectations for the new Fed chair than what Powell has given us.
>it doesn't really matter if unemployment is 5% when you cant afford anything anymore because inflation is so bad.
It absolutely matters to the extra people who are unemployed. You are basically saying that a certain percentage of people should lose their entire income so that you can save a couple percentage points on costs.
Out of heightened inflation and heightened unemployment, inflation is generally always going to be the better choice.
Because we managed the soft landing despite all expectations to the contrary. We can't lay that at the feet of one man but he's certainly been solid in getting us through some real shit.
High employment is absolutely key. If you would rather have a point less inflation in exchange for more unemployment that basically just tells me you're employed and don't care about the people looking for work.
To be fair, the main problem is the differential in price inflation, wage inflation, vs asset inflation.
Asset inflation has outpaced price inflation while wage inflation hasn’t kept up in 30 years. If wage inflation was at the same rate of price inflation at least then most people would be in decent shape. But when we’re seeing $25 chipotle and everyone is still making what they did 4 years ago more or less but with cost of living increases in the range of 2-3% then you’re screwed.
This is probably a story about all the winning that is happening. Winning in Iran, winning on a $250 bill, winning with the ball room and winning the fight against inflation.
I really want them to make the 250 bill, it would go down in history as one of the worst moves in political history.
"hey, you know how inflation is bad? Since you need higher denominations here's one with my face on it, so everytime you see one you remember who caused that inflation"
The difference today is, 5 years ago we only had inflation. Then corporations realized we would keep buying what we needed so they started raising prices too.
Today we have inflation + corporate price gouging.
new theory...trump did the tariffs to create personal leverage for his private family dealings. had nothing to do with good of americans. dude is a fraudster pos
That's not a new theory, and it's not even new to trump. Fascism and dictators want the chaos and a system where they have the power to reward and punish. It's a great tool for compliance. This goes back to Hitler and probably beyond.
“Best inflation numbers in the history ever! Nobody’s ever seen anything like it! People can’t believe what an amazing job I am doing. I talked to business leaders and other world leaders and they are always saying ‘Sir I can’t believe the job you are doing! It’s amazing!’ You are so lucky to have me as president right now because if sleepy Joe or Kamala had one you would have inflation like nobody’s ever seen before!”
And yes, while we all know that he has no standing to call anybody “sleepy” after what we see on a daily basis… But there’s no shame or irony in his game and the Joseph goebbels thing of repeat the lie often enough and it’ll become true is in full effect!
Oh, I don’t think we’ve even started winning yet! If what happened in the market on Friday is any indication… I think we might be in for a lot of “winning” going forward 😱
The American electorate better blame Trump as hard as we (Americans) blamed Biden. Something tells me we won't because us Americans can be fucking idiots.
One can say so much winning it’s hard to keep up counting all the wins. Owning the libs, owning Iran, owning Cuba, owning Maduro, humiliating Ukraine’s President, higher prices everywhere, massive increase in health care costs, oil prices hitting all the time high. How can Obama & Biden do this to us? Phew 😮💨 at least Kamala that weird laughter hard to point ethnic lady didn’t win. So much winning so many missions accomplished!
Guilty-Commercial699 | 4 hours ago
Inflation increase is a direct result of Trump’s policies and actions. Tariffs, in which the consumer ultimately pays, rising costs of oil, and Trumps shitty trade deals are to blame.
Anyone who thinks otherwise might be in a cult.
ariadesitter | 4 hours ago
maga says short term pain for long term gain!
certainly to turn into
short term pain for long term pain SUCKERS!!!!
drobits | 3 hours ago
I don’t get this saying because anyone paying attention can see billionaires are pillaging our tax dollars while the cost of living skyrockets for literally everyone else
ForMoreYears | 2 hours ago
MAGA voter: I voted for $2 gas libcuck
Trump makes gas go to $4-5/gal
MAGA voter: I support my President
Dick_Lazer | an hour ago
Before the election they were complaining about the price of eggs going up a bit (how many freaking eggs were they eating, anyway?), but now they’re saying anybody who complains about the price of gas is just broke & needs to work harder.
Ezpz_commentz | 2 hours ago
Until after the Midterms if the Democrats win the house & senate.
Then MAGA will no longer tolerate the pain and blame it all on the Democrats the minute the results are announced.
kent_eh | 7 minutes ago
A lot of the pain they're feeling now is the result of trump's actions a year ago.
Just wait until the full impacts of today's actions catch up with them.
Possible-Nectarine80 | 2 hours ago
Transitory pain.
thinkB4WeSpeak | 4 hours ago
Also the Iran war, when the price of oil goes up, logistics costs go up as well.
TootCannon | 3 hours ago
This is what drives me nuts about when people respond with “but Biden!” Inflation in 2022 was global, in fact the U.S. did far better than most countries, and it was obviously due to Covid supply chains being severely impacted and demand shifting heavily to goods over services. Also Russian invaded Ukraine, which spiked energy prices, and which Biden had nothing to do with. Inflation now is absolutely entirely on Trump.
Takemyfishplease | 4 hours ago
I thought the other countries were paying for the tariffs and we were getting rebate checks?!?!
littleredpinto | 3 hours ago
So all you people bashing trump and maligning the greatest president to walk the earth, not to mention the most profitable businessman or woman in the history of the Universe, really think he is gonna give you a rebate check? I already got mine, so did all the Trump lovers I know. You didnt get one yet?? you should reach out to o the administration you constantly blast as terrible, targeting enemies and corrupt...I am sure they will listen. It would be unfair otherwise not to..lol..I am sure government AI isnt capable of tracking everything you do online or your habits, so the odds are your favor you get your check tomorrow
TheCakeDayLie | 3 hours ago
Everyone who reads this comment:
Poster forgot the giant /s.
WeAlmostAlwaysAlmost | 3 hours ago
The whole comment is a very strange journey.
Sweaty_Assignment_90 | an hour ago
Shouldnt need it if you actually read it.
littleredpinto | 3 hours ago
nobody for ot anything...wait you didnt get your check either? I wonder why
DeArgonaut | 2 hours ago
Insane how he could’ve coasted off of the Biden era policies and his base would’ve eaten up the lower inflation as a result as trumps doing and he fucked it up so bad
kaplanfx | 3 hours ago
I spent a bunch of my life trying to convince friends and family that presidential policy (which is not law and is not supposed to be treated as such) actually typically has very little direct impact on the economy. Then Trump went and proved me wrong…
nursingninjaLB | 4 minutes ago
Tarrifs and the Iran "excursion".
Due-Influence-1969 | 3 hours ago
Well inflation is always a monetary issue
The more the government spends, the less the currency is worth.
Too much money chasing too few goods
Trump hasn’t helped the problem.
But this was also caused by rampant spending during Covid, the first Trump administration and Biden
Only thing that will help it is to reduce spending and taxes
Fuddle | 2 hours ago
Covid inflation was GLOBAL, it was not limited to the U.S. and it wasn’t just that spending was up, it was also reallocated to new things overnight, and then due to all the shipping containers being in all the wrong ports, causing shipping prices to explode, making literally everything everywhere on the planet more expensive. Eventually this hit the consumer on the shelf. Like how right now you’re not seeing the effect of sky high oil prices on the shelf, those freight rates haven’t kicked in yet, but when they do - wow, shit is going to get real
LogDogan8 | an hour ago
Legitimately none of what you said is accurate, outside of "Trump hasn't helped"
DeArgonaut | 2 hours ago
This is a very reductionist view of inflation
Lucky_Dragonfruit_88 | 2 hours ago
Inflation has always been a supply shock for any of our lives. Money supply may contribute, but the main factor is always a supply shock.
Jalapenoplanter | an hour ago
Can you explain how making everything 10-50% more expensive via executive order does not cause inflation?
Can you explain how causing the worst oil supply disruption in world history does not cause inflation?
EoCTsunami | 4 hours ago
I’m done with inflation. We need back to 2% asap. Fuck off with this inflation honestly. Ever since Covid started, everything has been fucked and people are sick of it.
burnthatburner1 | 3 hours ago
We were on track to return to 2% until the current president’s policies started driving it up again.
pagerussell | 2 hours ago
And this is precisely why this country has been fucked, because my whole life it's been a Republican admin comes in and shits on everything and then a Democrat gets elected and juuuust gets it cleaned up in time to be thrown out for "not doing enough", then rinse and repeat.
My whole life. Every time. And people say both parties are the same.
SMH what a shithole country.
CornerOne238 | 4 hours ago
How can we do that when POTUS is trying his best to drive it up?
DeathSpiral321 | 3 hours ago
The Fed never should've cut rates last year. They cut when inflation was well above their 2% target.
defaultedebt | 3 hours ago
It's about the trajectory. Until we saw the effects of tariffs (and certainly now with Iran war) inflation was trending down.
Popular-Row4333 | 3 hours ago
I don't know why everyone thinks Powell is the best thing since sliced bread when it doesn't really matter if unemployment is 5% when you cant afford anything anymore because inflation is so bad.
Inflation is a heavy tax on anyone under 40 or anyone with children. If you think it's bad now, it's only going to get worse.
evopcat | 3 hours ago
> everyone thinks Powell is the best thing since sliced bread
I don't think he was, he has been decent. Of course that makes him great in comparison to the current crop of those in Washington.
I can't off the top of my head think of anyone significant doing a better job in Washington the last 10 years (again not that he has done so great but he has been decent and I can't think of others that have been good or better). And I have much lower expectations for the new Fed chair than what Powell has given us.
reasonably_plausible | an hour ago
>it doesn't really matter if unemployment is 5% when you cant afford anything anymore because inflation is so bad.
It absolutely matters to the extra people who are unemployed. You are basically saying that a certain percentage of people should lose their entire income so that you can save a couple percentage points on costs.
Out of heightened inflation and heightened unemployment, inflation is generally always going to be the better choice.
gimpwiz | 32 minutes ago
Because we managed the soft landing despite all expectations to the contrary. We can't lay that at the feet of one man but he's certainly been solid in getting us through some real shit.
High employment is absolutely key. If you would rather have a point less inflation in exchange for more unemployment that basically just tells me you're employed and don't care about the people looking for work.
Haute510 | 3 hours ago
Not happening any time soon. We’re so fucked
So_HauserAspen | 2 hours ago
Who did you vote for?
creosote____ | an hour ago
Ross Perot
crazyk4952 | 3 hours ago
COVID showed businesses customers were willing to pay more, so they keep rising prices. We have not found the ceiling yet..
PlutoJones42 | 2 hours ago
The price of literally everything has increased year over year since Covid
Fantastic-Kale9603 | 11 minutes ago
Since the GFC you mean
Retired-Yam8988 | 54 minutes ago
To be fair, the main problem is the differential in price inflation, wage inflation, vs asset inflation.
Asset inflation has outpaced price inflation while wage inflation hasn’t kept up in 30 years. If wage inflation was at the same rate of price inflation at least then most people would be in decent shape. But when we’re seeing $25 chipotle and everyone is still making what they did 4 years ago more or less but with cost of living increases in the range of 2-3% then you’re screwed.
No_Zombie2021 | 4 hours ago
This is probably a story about all the winning that is happening. Winning in Iran, winning on a $250 bill, winning with the ball room and winning the fight against inflation.
So much winning I might need to add some words.
Atalung | 3 hours ago
I really want them to make the 250 bill, it would go down in history as one of the worst moves in political history.
"hey, you know how inflation is bad? Since you need higher denominations here's one with my face on it, so everytime you see one you remember who caused that inflation"
Delicious-Bat2373 | 2 hours ago
The difference today is, 5 years ago we only had inflation. Then corporations realized we would keep buying what we needed so they started raising prices too.
Today we have inflation + corporate price gouging.
Skittlepyscho | 2 hours ago
THIS is the true answer. It's not *inflation* it's *Greedflation*
dalyons | 51 minutes ago
It’s actually tariffs and fuel, very real cost increases. what are you talking about?
the_ai_wizard | 3 hours ago
new theory...trump did the tariffs to create personal leverage for his private family dealings. had nothing to do with good of americans. dude is a fraudster pos
pagerussell | 2 hours ago
That's not a new theory, and it's not even new to trump. Fascism and dictators want the chaos and a system where they have the power to reward and punish. It's a great tool for compliance. This goes back to Hitler and probably beyond.
el_diego | 2 hours ago
...new theory?
Feeling-Screen-9685 | an hour ago
Are you stupid just someone who voted for Trump? Your new theory is what everyone’s been saying since the beginning.
OffSidesByALot | 3 hours ago
Or as Trump will put it…
“Best inflation numbers in the history ever! Nobody’s ever seen anything like it! People can’t believe what an amazing job I am doing. I talked to business leaders and other world leaders and they are always saying ‘Sir I can’t believe the job you are doing! It’s amazing!’ You are so lucky to have me as president right now because if sleepy Joe or Kamala had one you would have inflation like nobody’s ever seen before!”
And yes, while we all know that he has no standing to call anybody “sleepy” after what we see on a daily basis… But there’s no shame or irony in his game and the Joseph goebbels thing of repeat the lie often enough and it’ll become true is in full effect!
leyndv | 2 hours ago
Are you tired of winning yet?
OffSidesByALot | 2 hours ago
Oh, I don’t think we’ve even started winning yet! If what happened in the market on Friday is any indication… I think we might be in for a lot of “winning” going forward 😱
MaapuSeeSore | an hour ago
Quarter after quarter , consumer spending habit have continued to go up , exceeding expectation
People are not cutting back on spending , k shaped economy
As long the discretionary spending continues, there no pressure to let off
raydiculous33 | 2 hours ago
The American electorate better blame Trump as hard as we (Americans) blamed Biden. Something tells me we won't because us Americans can be fucking idiots.
justanormalchat | an hour ago
One can say so much winning it’s hard to keep up counting all the wins. Owning the libs, owning Iran, owning Cuba, owning Maduro, humiliating Ukraine’s President, higher prices everywhere, massive increase in health care costs, oil prices hitting all the time high. How can Obama & Biden do this to us? Phew 😮💨 at least Kamala that weird laughter hard to point ethnic lady didn’t win. So much winning so many missions accomplished!