I Thought Trump Campaigned on Lowering Prices!?!?

The biggest decline of food costs since December 2020.

  HEADLINES today . . .

There’s no denying it now:
Trump's tariffs ARE raising prices!

May 16, New York CNN —

[the racist/convicted felon’s] pitch to Americans on the campaign trail last year included a simple promise: lower prices on Day One!!

Even if he didn’t mean it literally, it’s now Day 115, and the results of his only significant economic policy show that the opposite is happening!!!

Thursday brought an avalanche of data that all point to one outcome:

Prices are going up!  

In April, wholesale inflation declined 0.5%.  No thanks to Trump because his policies are mostly inflationary.  Many tariffs haven't been put in place yet.  But the good news is unlikely to last if tariffs remain high.  If Walmart must increase prices, then smaller retailers must increase prices too.

  HEADLINES Friday . . .

Americans pulled back significantly on spending as higher tariffs took effect in April

CNN —

In a sign that consumer demand may be fraying around the edges, spending at US retailers slowed sharply in April to 0.1% after a surge of 1.7% in March as shoppers rushed to beat Trump’s stiff tariffs.

The April data was worse than the 0.2% monthly rise economists polled by FactSet predicted.

Among the biggest monthly declines was motor vehicle and part sales, which declined to -0.1% in April from 5.5% in March.

Consumer spending is the backbone of the economy, accounting for two-thirds of gross domestic product. 

  The steep drop in retail sales could lead to another quarter of disappointing GDP after the contraction seen last quarter.

Definitely going in the wrong direction!

which would be a recession

thks to rump

University of Michigan survey shows republican voters far better at predicting inflation than democrat voters.

https://cms.zerohedge.com/s3/files/inline-images/bfmCC55.jpg?itok=aDZCz5XT

absolutely wrong way !  

Mortgage rates climb to highest level in more than three months amid bond market unrest  

...thanks to trump! 

The average rate on a standard, 30-year fixed mortgage was 6.86% in the week ending May 22, the highest level since mid-February, according to data released Thursday from Freddie Mac.

Growing concern about the national debt impacted home borrowing rates this week.

Many Canadians have vowed to sell their Florida properties rather than come back to our country. It's going to be a tough sell for them with those rates. 

Our 2 Canadian couples that rented from us have said they won't be coming back next year. 

At 2k a month each, that's a potential lost of 20k for 5 months of rent.

The places are easy to rent but it's just a real pain in the ass. We trusted our Canadian friends & they left the properties immaculate.

Now we gotta fuck around with new renter references/credit checks etc. 

President Dickface has fucked plenty of people in the country already & we're just 2 of them.

  Many retailers have warned that they won’t, as Trump has demanded, ‘eat’ additional costs caused by his stupid import taxes

Price changes at Walmart will likely take effect
by early June and prices will increase
“much more” by late June, the company’s finance chief,
John David Rainey, told CNBC.

Walmart, which has over 4,600 stores in the
United States, gets merchandise from Canada,
China, India, Mexico and Vietnam, among other
nations.
 Those countries face at least 10% in tariffs, and imports
of steel, aluminum, cars and auto parts face 25% tariffs.

“All of the tariffs create cost pressure for us,
but the larger tariffs on China have the biggest impact,”
McMillon said.

Center for American progress warns that Trump big ugly bill threatens many Americans. Increasing interest rates for borrowers.  Enacting massive cuts to healthcare and food assistance.  Eliminating tax credits to increase costs of gas and electricity.  Changing Pell grants to increase cost of college education.

  rump  tariffs  

Last year, Trump campaigned on lowering energy prices and getting US out of foreign wars.  However war between Iran and Israel increases the risks of higher inflation, economic slowdown and US defending Israel.  Federal reserve is less likely to reduce interest rate if inflation is up.  Countries that diversify by developing renewable energy sources should be less affected by global supply and demand determining oil prices, 

He's already a failure.

gas prices rising again

They are trickling down again slightly but cost of electronics has risen noticeably.

i dont see grocery prices dropping like flies     do u ??

He's been in office 6 month's LMAO ! This forum is really special, sounds like a Dollar Store Obama Hakeem Jeffries comment. 

Like I said, keep rooting for FAILURE, your 21% approval rating needs all the help it can get! 

This just plays to your favor for mid terms, once we get this corrupt Jerome Powell out of there and interest rates fall it benefits everyone. These Morons put us debt 37 trillion, hard to believe with all the taxes we pay.  An interest rate reduction helps the auto industry, credit card debt and the interest in itself on the 37 trillion. His biased ass is on its way out ! 

To show you what an ass this guy is, he just approved 2.5 Billion with a B for renovations to the Federal Reserve Offices. That's exactly what this country needs right now instead of being laser focused on the debt. The idiot dropped rates right before the election to make it appear things were improving with Inflation hovering over 4%, today  inflation rests at a little over 2% and he does nothing ?

Yes, there are recent reports about Jerome Powell, the Chair of the Federal Reserve, being involved with a $2.5 billion renovation project at the Federal Reserve's Washington, D.C. headquarters

Turn the channel ! 

@KellyM_1964

NOPE!   Not over here.

Prices will go up!

Trump said on Tuesday that 200% tariffs on pharmaceuticals are coming “very soon” 

 That way we can prevent Canadians from exporting their substantially cost-effective  INSULIN  to all our nearly broke diabetics, and our companies will get the windfall profits from HIGH prices instead!  YAY!