Walmart Says It's Raising Prices Because of Trump's Tariffs

[Marener]

The previous year

Tax revenues go up every year regardless, so the comparison is faulty.

 

[Mac-7]

Tax revenues go up every year regardless, so the comparison is faulty.

Not if your wacky economic ideas are correct

Lower taxes should mean lower tax income in lib la la land

 

[Dragonlady]

Trump either refrained or was prevented from doing a lot of stupid shit that we said would collapse the economy. You saw what happened when Trump instituted his ridiculous tariffs. He didn't do that nonsense last term. He also didn't do mass deportations. He didn't do massive federal budget cuts. That's the kind of stuff that is harmful to the economy.

He did cut taxes and run massive budget deficits, which stimulates growth somewhat but isn't a long term solution.

Trump started trade wars on 7 different fronts when he was in office last time, and rewrote trade deals with South Korea, Japan, NAFTA, and the EU - ALL of which he simply tore up on "Liberation Day", falsely claiming the rest of the world is "screwing you over".

Trump did NOTHING to prevent the collapse of the economy, and he deliberately signed a deal with OPEC to reduce oil production just as the world started getting vaccinated, after the 2020 election. I firmly believe Trump left this as a poison pill for the Biden administration, knowing that Biden would be blamed for higher prices, and I believe both the Saudis, and the Russians, who were both parties to the Agreement, did so in order to help Trump's re-election.

Oil Nations, Prodded by Trump, Reach Deal to Slash Production (Published 2020)

The deal will reduce output by 9.7 million barrels a day. While significant, the cut falls far short of what is needed to bring oil production in line with demand.

www.nytimes.com

Prodded by Trump - less than a week after he lost the election.

 

[Marener]

Not if your wacky economic ideas are correct

Lower taxes should mean lower tax income in lib la la land

Imagine if you had a plant and you wanted to see if a fertilizer would help your plant grow. Would you declare the fertilizer a success if the plant grew after you gave it?

 

[Dragonlady]

Not if your wacky economic ideas are correct

Lower taxes should mean lower tax income in lib la la land

Federal income goes up because every time Republicans cut taxes, they go on a spending spree at the same time that they cut taxes, just like they plan to do this time. Trump's plan to "rebuild" your military means tax cuts for billionaires, and a military spending spree, followed by an economic crash.

Given that these economic crashes now provide a bigger economic benefit to the wealthy than even the tax cuts, I'm having no problem whatsoever believing that these economic crashes are now a feature, not a bug, of Republican Administrations.

 

[Nostra]

Tax revenues go up every year regardless, so the comparison is faulty.

If revenues go up every year then the deficit should go down every year.

 

[Nostra]

Federal income goes up because every time Republicans cut taxes, they go on a spending spree at the same time that they cut taxes, just like they plan to do this time. Trump's plan to "rebuild" your military means tax cuts for billionaires, and a military spending spree, followed by an economic crash.

Given that these economic crashes now provide a bigger economic benefit to the wealthy than even the tax cuts, I'm having no problem whatsoever believing that these economic crashes are now a feature, not a bug, of Republican Administrations.

Lies

 

[Toddsterpatriot]

Who cares we were in a depression. But if you want inflation, just wait until next month.

Before the depression, what was inflation under Trump?

 

[Toddsterpatriot]

Trump started trade wars on 7 different fronts when he was in office last time, and rewrote trade deals with South Korea, Japan, NAFTA, and the EU - ALL of which he simply tore up on "Liberation Day", falsely claiming the rest of the world is "screwing you over".

Trump did NOTHING to prevent the collapse of the economy, and he deliberately signed a deal with OPEC to reduce oil production just as the world started getting vaccinated, after the 2020 election. I firmly believe Trump left this as a poison pill for the Biden administration, knowing that Biden would be blamed for higher prices, and I believe both the Saudis, and the Russians, who were both parties to the Agreement, did so in order to help Trump's re-election.

Oil Nations, Prodded by Trump, Reach Deal to Slash Production (Published 2020)

The deal will reduce output by 9.7 million barrels a day. While significant, the cut falls far short of what is needed to bring oil production in line with demand.

www.nytimes.com

Prodded by Trump - less than a week after he lost the election.

and he deliberately signed a deal with OPEC to reduce oil production

Why would he do that? Any idea?

after the 2020 election

He got them to reduce production after the election. Any links to the exact date?

I firmly believe Trump left this as a poison pill for the Biden administration, knowing that Biden would be blamed for higher prices, and I believe both the Saudis, and the Russians, who were both parties to the Agreement, did so in order to help Trump's re-election.

If it was after the election, how did it help Trump?

Your link shows the deal was in April 2020. DURR

 

[Admiral Rockwell Tory]

Biden caused inflation worldwide? Guess where the tariffs are causing inflation?? ONLY IN AMERICA you dunce.

What inflation has Trump caused? Don't but the shit with higher prices! Simple solution, and the inflation rate is much lower than Biden ever dreamed of!

 

[Admiral Rockwell Tory]

Hopefully this will drive Wallyworld out of business...It's a crap filled store that gouges the consumer every chance it gets....

I hope they go bankrupt.

Can you show us on this doll where Walmart touched you?

 

[citygator]

What inflation has Trump caused? Don't but the shit with higher prices! Simple solution, and the inflation rate is much lower than Biden ever dreamed of!

It coming to shelves soon genius. Did Walmart and Amazon which do $1 trillion in business combined say the raised prices or did they say they are going to raise prices? Exactly. They said they are now raising them. Its coming.

 

[SweetTea]

So it's just vibes. Gotcha.

Right, vibes. Just like the vibes that caused lefty loonies to sell the farm a few weeks ago. Vibes, given to them courtesy of political activists masquerading as economic experts. Vibes.

 

[SweetTea]

It coming to shelves soon genius. Did Walmart and Amazon which do $1 trillion in business combined say the raised prices or did they say they are going to raise prices? Exactly. They said they are now raising them. Its coming.

And so is an extension in the tax cuts and deregulation and more energy production and more manufacturing. All of that is coming too which will more than offset any minor increases in prices on a few specific products. We can all survive after 2022. We haven't come back down from that debacle, but were left with an additional 2 trillion in government spending in an attempt to bring it back down.

 

[Marener]

Right, vibes. Just like the vibes that caused lefty loonies to sell the farm a few weeks ago. Vibes, given to them courtesy of political activists masquerading as economic experts. Vibes.

It's absolutely astounding that you could consider yourself an "independent thinker" because all you ever do is parrot Trump slogans and demonstrate blind faith in dear leader.

 

[SweetTea]

He also didn't do mass deportations. He didn't do massive federal budget cuts. That's the kind of stuff that is harmful to the economy.

Hilarious. Yeah, cutting the federal budget and getting rid of people who are a net loss(yep) to us is now bad for the economy. Yes, we know, federal spending is stimulus, but there comes a point where that is no longer the case. 32 trillion in debt is long past that point. At some point, the federal government has to learn to budget instead of spend money it doesn't have an then reach out to the taxpayers for more. That is not a winning formula.

You saw what happened when Trump instituted his ridiculous tariffs.

No, I didn't see what happened other than some panic selling from people who believed the hype. Poor souls. What have you seen thus far? Any real affect yet or are you merely projecting gloom and doom...again.

 

[beagle9]

North Carolina furniture makers are calling bullshit on you. They are very happy. You know the ones Biden forgot about after the hurricane.

The steel industry is beside themselves also. Happy, Happy

 

[Marener]

Hilarious. Yeah, cutting the federal budget and getting rid of people who are a net loss(yep) to us is now bad for the economy. Yes, we know, federal spending is stimulus, but there comes a point where that is no longer the case. 32 trillion in debt is long past that point. At some point, the federal government has to learn to budget instead of spend money it doesn't have an then reach out to the taxpayers for more. That is not a winning formula.



No, I didn't see what happened other than some panic selling from people who believed the hype. Poor souls. What have you seen thus far? Any real affect yet or are you merely projecting gloom and doom...again.

Yeah, cutting the budget can result in economic harm.

Cut Medicaid and next thing you know hospitals in a rural community closes which results in lots of lost jobs.

Cut USAID and the humanitarian aid contracts dry up which are largely sourced domestically.

Cut federal loan programs and investment in risky energy projects disappears.

Not that it shouldn’t happen because we have a lot of debt. I think we should cut spending and raise taxes to close the deficit. That’s going to negatively affect the economy but we don’t have a lot of choice.

My main point is that Trump didn’t do that. He cut taxes, increased spending and deficits ballooned.

And he STILL had pretty only modest economic growth.

 

[toobfreak]

The steel industry is beside themselves also. Happy, Happy

Prices here seem pretty OK. Gas prices down. Food prices down. Gov. spending down. Trillions coming into the country for a change. Border invasion down. Crime down. And I buy mostly American anyway. Life is good.

 

[beagle9]

Hilarious. Yeah, cutting the federal budget and getting rid of people who are a net loss(yep) to us is now bad for the economy. Yes, we know, federal spending is stimulus, but there comes a point where that is no longer the case. 32 trillion in debt is long past that point. At some point, the federal government has to learn to budget instead of spend money it doesn't have an then reach out to the taxpayers for more. That is not a winning formula.



No, I didn't see what happened other than some panic selling from people who believed the hype. Poor souls. What have you seen thus far? Any real affect yet or are you merely projecting gloom and doom...again.

You know, if the federal government would have been spending our money in ways that truly helped those in need, and it was spending it on infrastructure projects and national security instead of attempting to social engineer the country in ways that was hostile to millions of Americans, then there wouldn't have been a problem. Then we had all this foreign aid that ended in up being in many cases these kick backs, waste, fraud, and abuses going on.

Corruption left unchecked metastasizes unabated into a tragedy for a country, and this is what we are seeing in all of this mess.