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From gas to groceries, has Trump kept his promise to tackle rising prices?

bver_hunter

Well-known member
Nov 5, 2005
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You could try reading the article...Just sayin.
Obviously you have not fully read it:

Since Trump took office in January, the data also shows that apart from one recorded fall in April, grocery prices have risen each month.
Diane Swonk, the chief economist for KPMG, believes tariff and immigration policy changes have contributed to higher costs.

"There's no question that those shifts are now starting to show up as inflation pressures," she said.
During his campaign, Trump pledged to cut electricity bills sharply.

"Under my administration we will be slashing energy and electricity prices by half within 12 months, at a maximum 18 months," he told a rally in August 2024.

Since he became president, prices have risen.

The latest figures show average residential electricity rates reached 17.62 cents per kWh (kilowatt hour) in August 2025 - up from 15.94 cents per kWh in January 2025, according to the US Energy Information Administration.
"Tariffs, which have been the biggest factor in the automotive industry over the last 12 months, have been nothing but inflationary."

She explained new car prices are increasing by about 4% a year, with tariffs contributing at least one percentage point.

"We really think in 2026 that's going to go higher because most of the manufacturers are holding their fire on raising prices directly due to tariffs, but they're going to have to come in at some point."
ENOUGH SAID!! :rolleyes:
 

Shaquille Oatmeal

Well-known member
Jun 2, 2023
8,230
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AI summary below:

📉 1 Year In: Trump’s Price Promises vs Reality
🛒 Groceries
  • ⬆ Prices up 2.7% overall
  • Coffee ⬆18.9%, beef ⬆12.9%
  • Tariffs + farm labor shortages = higher costs
  • Some drops: eggs ⬇, butter ⬇
⚡ Electricity
  • Promised: halve prices
  • Reality: ⬆ from 15.9¢ → 17.6¢/kWh
🚗 Cars
  • Promised: “Prices down.”
  • Reality: ⬆ over $50,000 (record high)
  • Tariffs = inflationary
⛽ Gas
  • Promised: <$2/gal
  • Reality: ~$3.00
✔ Bottom line: Prices mostly rose, not fell — far from the “Day One” cuts promised.
 

The Oracle

Pronouns: Who/Cares
Mar 8, 2004
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On the slopes of Mount Parnassus, Greece
I think that he misplaced his reading glasses!! :LOL: :ROFLMAO:😅😂
Just admit you didn't read the article...Just admit it..You went ahead and posted first right?
 
Last edited:

tastingyou

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Dec 5, 2014
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mandrill

monkey
Aug 23, 2001
86,237
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Not surprising that your cohort would have no empathy for an eight


Just admit you didn't read the article...Just admit it..You went ahead and posted first right?
So Ory. Let's read through this together:


Groceries
"When I win, I will immediately bring prices down, starting on Day One," Trump declared at an August 2024 news conference surrounded by packaged foods, milk, meats and eggs.
Official data - which includes a four-month period when Biden was still president - shows grocery prices rose by 2.7% in the 12 months to September 2025, with some items seeing significantly sharper increases:
  • Coffee: 18.9%
  • Ground beef (minced beef): 12.9%
  • Bananas: 6.9%
Since Trump took office in January, the data also shows that apart from one recorded fall in April, grocery prices have risen each month.
"The president of the United States has very little control over the price of food, especially in the short term," food economics expert Professor David Ortega told BBC Verify.
Trump's tariffs are driving up prices of certain foods, he said - a third of coffee consumed in the US comes from Brazil and therefore has a 50% tariff.
Trump's illegal immigration crackdown may also have had an impact, Ortega adds, especially in farming where as many as 40% of workers are estimated to be undocumented, which is close to a million people.
"As you know, farmers and companies have to raise wages in order to attract more labour. But trying to quantify those impacts in terms of price increase is almost impossible at the moment."
Diane Swonk, the chief economist for KPMG, believes tariff and immigration policy changes have contributed to higher costs.
"There's no question that those shifts are now starting to show up as inflation pressures," she said.
But she adds that other factors, including weather events, have contributed.
"On coffee you had climate issues for a very bad growing season and that was exacerbated by a tariff on Brazil and also Colombia," she said.
 

mandrill

monkey
Aug 23, 2001
86,237
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Economist says core Trump claim is 'just nonsense'


President Donald Trump repeatedly claims that he inherited a troubled, dysfunctional economy from his Democratic predecessor, Joe Biden, and quickly turned it around. In fact, the United States enjoyed record-low unemployment during Biden's presidency, but widespread frustration over inflation helped Trump pull off a narrow victory of roughly 1.5 percent on Election Night 2024.

Economist Justin Wolfers, who teaches at the University of Michigan but is originally from Sydney, Australia, tore apart Trump's claims about the economy — from tariffs to the stock market — during a Saturday, November 29 appearance on MS NOW's "The Weekend."

Trump claimed that his tariffs will bring in so much revenue that the U.S. will be able to "almost completely" eliminate federal income tax.

But Wolfers told "The Weekend" hosts Eugene Daniels, Jackie Alemany and Jonathan Capehart, "This is just nonsense. Let me start with one important fact-check. The president appears not to understand the difference between millions, billions, and trillions. That's actually one of the most important points in all of economics; they're massively different. We are not taking in trillions of dollars in tariff revenue."

Wolfers added, "If we were, we could afford his $2000 tariff checks. We aren't. So therefore, we can't."

The University of Michigan economist also pushed back against Trump's claims about the stock market, which, he stressed, is performing better in other countries than it is in the United States.

Wolfers told Daniels, Alemany and Capehart, "The other thing that he talks about a lot is the stock market. Now, here's a funny thing: If you look at the stock market returns from, say, 25 of the biggest countries around the world, the United States ranks around about 22nd right now. So yes, American stocks are up. But guess what? They're up even more everywhere else."

U.S. consumers, according to Wolfers, are pessimistic — not optimistic — about the state of the economy.

Wolfers told Daniels, Alemany and Capehart, "So, consumer confidence right now — it's quite striking just how bad it is. So, consumer confidence right now is very close to being an all-time low. And this has been measured back to the 1970s. So consumers say that they're feeling worse than they were during the Great Recession, than they were during the pandemic, than they were during the early '80s recession. It's really quite striking numbers. If you dig into that a little bit, you ask them things like: What do you think about the quality of us economic policy?"

The economist continued, "The number of people who think that the quality of economic policy is poor is at an all-time high. It's roughly three-fifths of the American people. What you have, I think, is that the president has fundamentally lost the battle of ideas. What you normally do with an economic program is you come up with some ideas, and you try and convince people of the virtues of them. And he has fundamentally failed. There's a deep question as to how long people are going to keep spending."
 
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tastingyou

Well-known member
Dec 5, 2014
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Economist says core Trump claim is 'just nonsense'


President Donald Trump repeatedly claims that he inherited a troubled, dysfunctional economy from his Democratic predecessor, Joe Biden, and quickly turned it around. In fact, the United States enjoyed record-low unemployment during Biden's presidency, but widespread frustration over inflation helped Trump pull off a narrow victory of roughly 1.5 percent on Election Night 2024.

Economist Justin Wolfers, who teaches at the University of Michigan but is originally from Sydney, Australia, tore apart Trump's claims about the economy — from tariffs to the stock market — during a Saturday, November 29 appearance on MS NOW's "The Weekend."

Trump claimed that his tariffs will bring in so much revenue that the U.S. will be able to "almost completely" eliminate federal income tax.

But Wolfers told "The Weekend" hosts Eugene Daniels, Jackie Alemany and Jonathan Capehart, "This is just nonsense. Let me start with one important fact-check. The president appears not to understand the difference between millions, billions, and trillions. That's actually one of the most important points in all of economics; they're massively different. We are not taking in trillions of dollars in tariff revenue."

Wolfers added, "If we were, we could afford his $2000 tariff checks. We aren't. So therefore, we can't."

The University of Michigan economist also pushed back against Trump's claims about the stock market, which, he stressed, is performing better in other countries than it is in the United States.

Wolfers told Daniels, Alemany and Capehart, "The other thing that he talks about a lot is the stock market. Now, here's a funny thing: If you look at the stock market returns from, say, 25 of the biggest countries around the world, the United States ranks around about 22nd right now. So yes, American stocks are up. But guess what? They're up even more everywhere else."

U.S. consumers, according to Wolfers, are pessimistic — not optimistic — about the state of the economy.

Wolfers told Daniels, Alemany and Capehart, "So, consumer confidence right now — it's quite striking just how bad it is. So, consumer confidence right now is very close to being an all-time low. And this has been measured back to the 1970s. So consumers say that they're feeling worse than they were during the Great Recession, than they were during the pandemic, than they were during the early '80s recession. It's really quite striking numbers. If you dig into that a little bit, you ask them things like: What do you think about the quality of us economic policy?"

The economist continued, "The number of people who think that the quality of economic policy is poor is at an all-time high. It's roughly three-fifths of the American people. What you have, I think, is that the president has fundamentally lost the battle of ideas. What you normally do with an economic program is you come up with some ideas, and you try and convince people of the virtues of them. And he has fundamentally failed. There's a deep question as to how long people are going to keep spending."
Anyone who actually thinks that Trump is doing a good job on the economy is either a total idiot or a certified MAGA [ make America garbage again ] cult member. Unfortunately most of the people who support TRUMP are low to middle income Americans who he is doing ZERO for [ but they are too stupid to realize that] or people on the take. The world is truly an amazing place , especially in the not so great and rapidly sinking USA .
 
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