You Trump supporters are crazy.
The economy was doing just as well as it could. Trump wouldn't have done anything differently. He said he'd bring prices down on day one if he won but now that he has won
Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices
President-elect Donald Trump admitted in an interview with Time magazine that it will be difficult for him to reduce consumer prices, contrary to statements he made on the campaign trail this year.
Trump told Time in an hourlong interview for its “Person of the Year” feature that his presidency wouldn’t be a failure if he failed to bring the price of groceries down.
But Biden was?
“I’d like to bring them down. It’s hard to bring things down once they’re up. You know, it’s very hard. But I think that they will,”
Trump is right that it’s very hard to achieve across-the-board price reductions. Curbing inflation is only a matter of slowing the rate of price increases — actual economy-wide price drops typically don’t happen outside of a massive economic downturn.
Nevertheless, Trump repeatedly told voters during the campaign that electing him president would cause prices to tumble.
“Prices will come down,” Trump
said during a rally in August. “You just watch: They’ll come down, and they’ll come down fast, not only with insurance, with everything.”
“We will end inflation and make America affordable again, and we’re going to get the prices down, we have to get them down,” Trump said
at a rally in September. “It’s too much. Groceries, cars, everything. We’re going to get the prices down.”
“We will cut your taxes and inflation, slash your prices, raise your wages and bring thousands of factories back to America,” Trump said
at a Georgia rally in October, reciting a line he used in speeches at several other events.
Trump also specifically promised to get gas prices down: “I will cut your energy prices in half within 12 months.”
Trump said during the campaign, and in his Time interview, that cutting regulations would reduce oil prices, which would supposedly drive price reductions everywhere else in the economy. One obstacle to the plan is that it would be up to energy companies, not the government, to ramp up oil production, and doing so would not necessarily be profitable for them. Another obstacle is that oil prices are set by a global market that U.S. doesn’t control.
Nevertheless, this was a core message of the Trump campaign.
