Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices

[Mac1958]

What a country.

It's been quite an education about us since 2016. I didn't know.

 

[Mac-7]

The president-elect walked back what was always a wildly unrealistic campaign promise.

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.

“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 said, according to the transcript.

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, the idea that Trump’s election would solve complex economic problems was a core message of the Trump campaign.

More at the link below...

Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices​

Is anyone surprised that Trump is backing down from his campaign promises? What do you think?

I’m not a trained economist

But even I can see that paying people with tax dollars to stay home and produce nothing is bound to increase prices

Its so obvious even a shutdown-loving lib should understand

 

[Hector12]

The president-elect walked back what was always a wildly unrealistic campaign promise.

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.

“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 said, according to the transcript.

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, the idea that Trump’s election would solve complex economic problems was a core message of the Trump campaign.

More at the link below...

Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices​

Is anyone surprised that Trump is backing down from his campaign promises? What do you think?

The poorly educated people Trump pretends to love, and do love him, are so stupid that they believe in his lies. Theys are the same buffoons who contribute money to televangelists of the prosperity gospel, and who invest money they can't afford to waste on lottery tickets.

 

[Nuthin' Fancy]

It's been quite an education about us since 2016. I didn't know.

Quite an indoctrination too.......................

 

[Hector12]

This clearly goes in the category of broken campaign promise number one. What’s next? He said he had a healthcare plan. For 20 years he’s been saying in two weeks he was going to release it.

Does trump think we’re stupid?

Trump knows most of his supporters are stupid.

 

[Harry Dresden]

The poorly educated people Trump pretends to love, and do love him, are so stupid that they believe in his lies. Theys are the same buffoons who contribute money to televangelists of the prosperity gospel, and who invest money they can't afford to waste on lottery tickets.

hey hector a hell of a lot of those lottery tickets are sold every week in California to liberals....are they wasting their money to?...

 

[initforme]

It shouldn't take longer than 6 months to get gas down to $2.30 or so. If it does something is wrong.

 

[initforme]

3 months should suffice to get rid of inflation.

 

[Lesh]

3 months should suffice to get rid of inflation.

It’s already been gotten rid of.

It’s currently at 2.5%

 

[sealybobo]

It shouldn't take longer than 6 months to get gas down to $2.30 or so. If it does something is wrong.

He can't make the oil companies drill any more than they already are. What's their incentive? And it only goes on the world market. Doesn't add up to gas prices going down to $2.30. I hope so. But how bad are things that gas prices go that low?

Why are gas prices high now? A lot of us work from home now. Supply and Demand says prices should be low. And they're competing with battery cars now too.

 

[Lesh]

He can't make the oil companies drill any more than they already are. What's their incentive? And it only goes on the world market. Doesn't add up to gas prices going down to $2.30. I hope so. But how bad are things that gas prices go that low?

Why are gas prices high now? A lot of us work from home now. Supply and Demand says prices should be low. And they're competing with battery cars now too.

Gas prices are not high now.

Oil companies are producing the amount that makes them the most profit.

Would you expect differently?

 

[Lakhota]

 

[Billiejeens]

What bothers me is I read several women wrong and they confided in me they were voting for trump. They just felt he’d do better with the economy.

I know thats insane but people are stupid. They watched he Apprentice and think that guy knows what he’s doing.

Trump is brilliant I’ll give him that. Most famous man. No one more famous. No one ever. More famous than George Washington. Better story.

He the reincarnation of George Washington.

 

[Billiejeens]

A long four years, Lush.

It might not be so bad if lush stays drunk.

 

[Billiejeens]

I go down in February for a month. My rich brother has a two bedroom condo in Fort Lauderdale

So you're a liberal mooch

Shock.

 

[Billiejeens]

Because it’s the only truth they know.

They have a very tight echo chamber.

 

[Billiejeens]

Oh my God, you idiots. He isn't in charge. It's Bidenomics for now.
How stupid is it to want Trump to fail. This is our country you are railing against.

They hate our country
Their votes show it.

 

[Billiejeens]

No this is trump now admitting he will not be bringing prices down on day one. It’s a broken campaign promise. Start keeping track. This is a I told you so moment. A teachable moment.

This is trump admitting now that it’s over he conned your sorry ass and you’ll vote for him again. Or jd Vance. You won’t blame jd. Where is that son of a *****?

You cant read.

 

[Mac-7]

What bothers me is I read several women wrong and they confided in me they were voting for trump. They just felt he’d do better with the economy.

I know thats insane but people are stupid. They watched he Apprentice and think that guy knows what he’s doing.

Trump is brilliant I’ll give him that. Most famous man. No one more famous. No one ever. More famous than George Washington. Better story.

Why dont you folks calm down and wait to see how trump does AFTER he takes office?

 

[Billiejeens]

Why dont you folks calm down and wait to see how trump does AFTER he takes office?

What fun would that be?