Summary
Inflation in the U.S. rose 3% in January, with rent alone accounting for 30% of the increase.
Egg prices soared due to avian flu, worsening grocery costs.
Despite pledging to lower prices, Trump blamed inflation on Biden and foreign countries while avoiding specifics on his plan.
In a Fox News interview, he dodged questions about when prices would drop, instead citing trade deficits. The White House press secretary confirmed that the administration has no clear timeline for addressing the rising cost of living.
Why doesn’t he blame President Musk?
Elon-flation
There was an article about how interest rates raise to 3%. Seeing the comment section was wild. It was all Biden’s fault because Trump was only in office for three weeks. Don’t mind that he’s been spouting off tariff talks since last year.
However, anything good that happened, even prior to Trump taking office, was his doing.
Also everything was immediately Biden’s fault when he took office after Trump.
In 2024, stocks were high, jobs were strong, feds were cutting rates, inflation was under 3%… Biden did it, the soft landing from COVID. Anyone who paid any attention knew the economy was in a good place and, four years in, only Biden’s admin would have had any affect.
Part of me is weeping for this nation, but another part thinks the nation deserves it for being so fucking stupid.
Yup. Biden managed the economy probably better than any other President in my lifetime. When Kamala was asked if she’d do anything different and said she wouldn’t people threw a fit. Because no one understood that there was a very narrow path to take to get inflation down while avoiding millions of people losing their jobs.
But I guess now people will soon understand how the billionaires will get inflation down really fast. I wonder if the people that voted for Trump who will soon be unemployed will start to appreciate what Joe Biden did a little more. Probably not.
Even when it started under Trump, notably as he sent out the first round of stimulus checks.
The ones he personally insisted be signed with his name, against the law.
In similar news, water continues to be wet.
🎼🎵To say that something is wet, means that the water on the surface of that something can be removed.🎶
🎼🎵Is he a dot? Or is he a speck? When he’s underwater does he get wet? Or does the water get him instead? Nobody knows. Particle man.🎶
Who came up with Person Man…?
@GeeDubHayduke Certainly not Triangle Man.
Could it be Universe Man? I hear that guy gets around.
@GeeDubHayduke And he’s usually kind to smaller man. And has a badass watch!
I’ve heard that watch has mystical powers that only occur during The Alignment.
Fork found in kitchen. More at 9.
It started with Biden, it’s just Trump’s problem to deal with now. And liberals won’t let him forget about that.
Durrr eggs are still expensive durrrrr
It started with the pandemic. That was the Earthquake, the inflation was the aftershocks.
And sure you can blame Biden for getting inflation down without causing a recession (which means people lose their jobs). But now “daddy’s home” and he’s going to deal with inflation his way! Inflation affects everyone including the rich. Recessions just fuck over the working class. Guess which way daddy Trump is going to go?
Hope you have some money saved up for when you’ll lose your job. Don’t say those “liberals” didn’t warn ya.
I guarantee the CPI will stop being published very soon. Can’t have high inflation if you don’t measure it!
Cant have high inflation if you fire all the people who compute the inflation numbers either.
Country elects an idiot to fix their economy … idiot makes economy worse … country wonders why
Not wondering why over here. Wondering what can be done to stop it.
Stop giving Trump too much credit. President Camacho from Idiocracy was an idiot. Trump is worse than that: he’s malicious and deliberately causing crises in order to excuse further consolidating his dictatorial power.
To call Trump an idiot is, paradoxically, to carry water for him.
President Camacho pardoned Joe Bauers who then became president. He showed that, even though he’s an idiot, he’s capable of making the right decision for the country.
But Brawndo’s got what plants crave…
Hey, President Dwayne Elizondo Mountain Dew Camacho was a fantastic president. He recognized his own limitations and set the man who, by objective testing, was the smartest in the country, to fix the biggest problem facing his constituents.
We could use a President Camacho.
This is literally the back of my car lol
Excellent. I’d vote for him (over the other two, at least).
inflation is capitalist code switch for price gouge
Not necessarily. But I’m curious what’s the equivalent on the utopian alternative to capitalism. Is there currency at all, and if there is, does the government set prices and the exchange rate like in the former Soviet Union?
But I’m curious what’s the equivalent on the utopian alternative to capitalism. Is there currency at all, and if there is, does the government set prices and the exchange rate like in the former Soviet Union?
In all definitions of a utopian society I think we’re talking about a post scarcity world. If you’re casting far enough into the future, we have infinite supplies of clean energy and technology to take that energy and directly turn it into any kind of matter we desire (like Star Trek replicators). At that point, why would your society need money?
Obviously there are lesser versions of that of post-scarcity where at least anyone’s basic needs are met (food, shelter, clothing, healthcare), and anything you want beyond the basics would require extra effort on the part of the person. This version would have something like UBI (Universal Basic Income) and, yes it would have money. There wouldn’t really be a need for any kind of price fixing because anything you’d want to buy would not be required for life or health. There would also be no requirement to work if you are satisified in life with just food, clothing, shelter and healthcare.
If the government slaps a 25% increase on the price of your imports then you expect a 25% increase on the price (assuming you’re selling imports directly - like PC parts).
It’s not rocket surgery.
then you expect a
2535% increaseftfy
The narcissist’s prayer:
That didn’t happen. And if it did, it wasn’t that bad. And if it was, that’s not a big deal. And if it is, that’s not my fault. And if it was, I didn’t mean it. And if I did, you deserved it.
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I have it on good authority that the reason why egg prices are so high is because joe biden killed a hundred bazillion birds in order to drive egg prices up just before trump took office.
I saw joel bidens himself killin chickens left and right… he must have been tired after that
Especially since he was choking the chickens! 🤣
No, see, it’s because of bird flu. You know, the same thing that happened under Biden when eggs were half the price.
And how can you possibly blame Trump just because he promised to make egg prices lower over and over?!
Please ignore that the president is ruining any government organization that could help get bird flu under control
How completely unrealistic, a MAGA head reading a high school level book‽
Think of that image as short hand for some elitist thought leader in the Grievance Industry Complex dumping that into their skull so they can mindlessly parrot it later.
It’s Joe Rogan
TRUMPFLATION PART II: The End of America
Xitter fuckaroo!
Dude, stop lying.
This one thinks truths may stretch but if one stretches lies, do they break? This one hopes so.
They have no clear timeline because they don’t intend to address it, duh.
I wish there was a NGO that was handing out donvict and fElon “I did that!!!” stickers to put on EVERYTHING.
He needs to be stopped. He will economically destroy this country.
