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dalton99a

(86,306 posts)
Sun Jan 26, 2025, 12:16 PM Jan 26

Trump says inflation isn't his No. 1 issue. So what will happen to consumer prices?

https://apnews.com/article/trump-inflation-grocery-prices-energy-production-consumers-c8afa45fc2b44471d55a1516e99ea351

Trump says inflation isn’t his No. 1 issue. So what will happen to consumer prices?
By CHRIS MEGERIAN and JOSH BOAK
Updated 7:44 AM CST, January 26, 2025

WASHINGTON (AP) — Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’ anger over immigration and inflation, specifically the rising cost of groceries.

“When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period of time,” he told NBC’s “Meet the Press. “And I won an election based on that. We’re going to bring those prices way down.”

But in Trump’s first week back in the White House, there was little in his initial blitz of executive orders that directly tackled those prices, besides directing federal agencies to start “pursuing appropriate actions.” He is taking steps to lower energy costs, something that Trump hopes will have ripple effects throughout the economy. Otherwise, his focus has been clamping down on immigration, which he described as his “No. 1 issue” shortly after taking the oath of office.

“They all said inflation was the No. 1 issue. I said, ‘I disagree,’” Trump said. “I talked about inflation too, but how many times can you say that an apple has doubled in cost?”

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The cult will say "Ok, there is nothing he can do about inflation."

"Let's go get those Mexicans"


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Trump says inflation isn't his No. 1 issue. So what will happen to consumer prices? (Original Post) dalton99a Jan 26 OP
IT WASN'T FUCKING ABOUT INFLATION. CousinIT Jan 26 #1
Agree 110% Smooth155 Jan 26 #2
We probably won't know because his new minions are scrubbing the data off sites. jmbar2 Jan 26 #3
Most economic data comes from the Fed. An independant agency not under Donny's direct control. paleotn Jan 26 #6
Thanks - good information. jmbar2 Jan 26 #7
Trump's #1 issue is always NameAlreadyTaken Jan 26 #4
Issue #1, #2 & #3 has always been grifting. sop Jan 26 #5

CousinIT

(10,895 posts)
1. IT WASN'T FUCKING ABOUT INFLATION.
Sun Jan 26, 2025, 12:23 PM
Jan 26

🚨 IT WASN'T FUCKING ABOUT INFLATION.

That was the EXCUSE they used. What it was about was RACISM, SEXISM & HOMO-AND TRANS-PHOBIA.

PERIOD.

The goddamned prices are going ⬆️ ⬆️ ⬆️ ⬆️ ⬆️

jmbar2

(6,532 posts)
3. We probably won't know because his new minions are scrubbing the data off sites.
Sun Jan 26, 2025, 12:26 PM
Jan 26

We are already seeing data suppression of labor market data, CDC, etc.

Every Thursday, the government releases a ton of data on unemployment stats, consumer prices, etc. This Thursday will be the first monthly data release since TFG took power. They are scrubbing that data as we speak!

See Mahatmakjeeves earlier post. https://www.democraticunderground.com/?com=view_post&forum=1116&pid=99347

Here is the last set of data releases - go to Thursday for this week's big releases. This data heavily influences the stock market, and can drop it like a stone. Will be a very interesting day to watch the stock market.

https://tradingeconomics.com/united-states/calendar

paleotn

(19,862 posts)
6. Most economic data comes from the Fed. An independant agency not under Donny's direct control.
Sun Jan 26, 2025, 12:52 PM
Jan 26

Not that he wouldn't try but that will cause a shitstorm of monumental proportions. Secondly, how many average Joe Blows actually pay any attention to that? What they do pay attention to is their dollars don't go nearly as far as they use to and they're rightly pissed about it no matter what the orange shit stain says.

https://www.investopedia.com/articles/investing/041515/why-federal-reserve-independent.asp

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