From Robert Reich - former Secretary of Labor:
Trump promised to reduce prices, but prices continue to rise.
Blame Trump’s tariffs. [but of course he blames everyone else]
Prices for wholesalers rose at the fastest pace in three years in July, and those wholesale prices are now being passed on to retailers and consumers.
Food prices are rising especially quickly. The prices of vegetables skyrocketed 40 percent in July!
A recent Consumer Price Index report found electricity prices rising at DOUBLE the rate of inflation, increasing 5.5 percent over the past year!
HEADLINES today . . .
[the LIAR in the Oval] declared on Friday
that he’s “already solved inflation”
and that “costs are down.”
”We have almost no inflation anymore,” [the LYIN KING said]
in a Fox News interview.
But Consumer Price Index data released Thursday tells a different story!
Not only does the data show RISING inflation, but the pace of consumer price increases is accelerating! 
Consumer prices rose 0.4% in August from the month before, pushing the annual inflation rate to 2.9%, the highest since January, according to Bureau of Labor Statistics data released Thursday.
The acceleration comes as Trump has levied higher tariffs on practically everything the United States imports
Trump tariffs and the stepped-up immigration enforcement are both contributing to higher prices, many economists say, warning that the policies could push prices even higher unless the administration changes course.
E. Buchwald -
Recent employment and inflation data have led to mounting concerns of stagflation – when the economy slows significantly while inflation accelerates. 
inflation accelerating ? 
“Stagflation” is a portmanteau of stagnation and inflation,
and it’s a scary diagnosis for an any economy,
according to Harvard economics professor Jason Furman
The US economy under MAGA regime has come down with a case of early-onset stagflation
A. Morrow, New York —
Two key reports released Thursday showed the US economy may be in a state of early-onset stagflation — a toxic one-two punch of slow economic growth and rising prices.
That’s a particularly problematic combo because slow economic growth should, in normal times, drag prices down, not up!
Difficult for governments to handle stagflation. Raising interest rate can worsen unemployment while lowering rate can accelerate inflation. 1970s stagflation lasted years.
well thats just peachy after all the promises rump made 
The cost of staying warm at home is expected to jump an average of 7.6%, to $976 this season, according to a new estimate from the National Energy Assistance Directors Association.
The projection comes as many consumers are still feeling the squeeze from pricier summer electric bills, as well as continued higher costs for groceries, health insurance and other essentials. [ie, rising inflation]
**This despite the con artist in the Oval promising gullible voters he will bring down energy costs.
Just what this country needs right now, rising prices! Thank Trump.
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits increased marginally during the last week of September, data from Haver Analytics showed.
The labor market has stagnated... Economists have blamed the labor market paralysis on Trump's trade and immigration policies
@fubah2
Not too surprising though. Anyone who declared bankruptcy six times isn't qualified to run a country
I still want to meet all the dummies who keep calling trump a business guru. This is what happens when dumb people watch trump on a fake reality show and then go vote for him. All those down south hillbillies got conned by a slick new york con artist. I still love that, cause magas go around believing they are so smart. Maybe they are smart on how to gut a squirrel, but business stuff that fail big time
I still want to meet all the dummies who keep calling trump a business guru. This is what happens when dumb people watch trump on a fake reality show and then go vote for him.
Could be a few of them right here...
Who could have imagined that tariffs would of affected consumers and businesses....kind of the whole idea right?
In his mind, he is trying to stick it to them, but it has a dual effect. For some time America has been losing work to foreign countries. That is a fault of America and how it is so expensive here to produce or manufacture anything. Even if you set aside the cost of materials to produce something in America, which is on the heavy side, the cost of doing business with our laws and rules and regulations is not competitive. It can be competitive, within reason, from State to State, but America is on the high side compared to many other countries in terms of labor costs and other business requirements. America could not compete, so jobs were shipped outside the country.
One of the ideas behind tariffs and inflating the costs for outside sources is to equal the playing field, if possible, and have those goods be taxed to bring up the costs higher so that companies will again produce and manufacture back here in America. This has been a long standing discussion with all the companies that have left, but this is the end game for America. Will it happen, most likely not. Sometimes when something is lost it just never returns. The idea is great, but America is unable to execute it with it's higher paid labor, higher business costs and the regulations we as a country impose that other countries do not have. I don't blame the businesses for leaving the country, because it's cost/liability driven.
By imposing tariffs, a long term goal could be for companies to look at the cost factors of moving it back the States. Although in Trumps case, the move was viewed as a stick it to them. Will it work? Who knows......I am all for producing and manufacturing here in America, but as a business owner myself the costs are astronomically high and a bit cumbersome to follow the laws and regulations when everywhere you turn some governing agency has their hand out.
Established in 1995,
higher than estimates of 2.9%
Hot Forum Topics
