Trump 47 Economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:CPI up to 3.1%. Inflation keeps rising. So much for prices going down.

Trump pushes the vast majority of tariffs off August. So prices are going to increase really quickly now. Also Trump has not hit Canada and Mexico with tariffs on things covered by USMCA. Looks like that is coming by September.

The 3.1% shows the tariffs are already beginning to have an effect. It will take time to work its way through as pre-tariff inventories get drawn down and delayed tariffs hit. But it’s already starting. This is a big warning sign.

[Anonymous]

Jerome Powell back in June: “We are refusing to cut interest rates because, everyone I know, is forecasting a meaningful increase in inflation from tariffs, next month.”

July Inflation just came in BELOW expectations ONCE AGAIN.. Fire Powell

[Anonymous]

Anonymous wrote:Jerome Powell back in June: “We are refusing to cut interest rates because, everyone I know, is forecasting a meaningful increase in inflation from tariffs, next month.”

July Inflation just came in BELOW expectations ONCE AGAIN.. Fire Powell

But still higher than target and if we cut rates, would increase further. Furthermore, tariff impact is still early with companies selling off front loaded inventory plus absorbing costs before passing on to consumers with higher prices given Trump constantly reverses course, delays, etc. Logically, Powell is correct to hold on rate cuts at this time.

[Anonymous]

Anonymous wrote:Jerome Powell back in June: “We are refusing to cut interest rates because, everyone I know, is forecasting a meaningful increase in inflation from tariffs, next month.”

July Inflation just came in BELOW expectations ONCE AGAIN.. Fire Powell

Go back to being a vaccine specialist.

[Anonymous]

Anonymous wrote:Jerome Powell back in June: “We are refusing to cut interest rates because, everyone I know, is forecasting a meaningful increase in inflation from tariffs, next month.”

July Inflation just came in BELOW expectations ONCE AGAIN.. Fire Powell

Those expectations were increased inflation. And that’s what we got.

[Anonymous]

Anonymous wrote:Jerome Powell back in June: “We are refusing to cut interest rates because, everyone I know, is forecasting a meaningful increase in inflation from tariffs, next month.”

July Inflation just came in BELOW expectations ONCE AGAIN.. Fire Powell

Core CPI did in fact go up. Powell was right.

[Anonymous]

Anonymous wrote:AP: “U.S. inflation was unchanged in July while a measure of underlying inflation rose to its highest level in five months as tariffs push the price of imported goods higher while gas and grocery prices cooled.
Consumer prices rose 2.7% in July from a year earlier, the Labor Department said Tuesday, the same as the previous month and up from a post-pandemic low of 2.3% in April. Excluding the volatile food and energy categories, core prices rose 3.1%, up from 2.9% in June. Both figures are above the Federal Reserve's 2% target.”

Didn’t Trump campaign on cheaper gas and eggs? Check and check.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Jerome Powell back in June: “We are refusing to cut interest rates because, everyone I know, is forecasting a meaningful increase in inflation from tariffs, next month.”

July Inflation just came in BELOW expectations ONCE AGAIN.. Fire Powell

Those expectations were increased inflation. And that’s what we got.

I love the MAGA attempt to shift the goalposts to “expectations.” If the experts guess right that inflation will increase, suddenly the increased inflation is no longer a concern!

[Anonymous]

Anonymous wrote:Jerome Powell back in June: “We are refusing to cut interest rates because, everyone I know, is forecasting a meaningful increase in inflation from tariffs, next month.”

July Inflation just came in BELOW expectations ONCE AGAIN.. Fire Powell

It came in below expectations, but it is still rising. Biden spent three years getting inflation under control and on the path to the fed target of 2%.

Trump's inflation is moving in the wrong direction, but now, inflation doesn't seem to matter to MAGAs after bleating about it for 3 years (and complaining about the inflation that Biden inherited that was caused by Trump woeful mismanagement of COVID and the ensuing supply chain issues)

[Anonymous]

Anonymous wrote:

Anonymous wrote:AP: “U.S. inflation was unchanged in July while a measure of underlying inflation rose to its highest level in five months as tariffs push the price of imported goods higher while gas and grocery prices cooled.
Consumer prices rose 2.7% in July from a year earlier, the Labor Department said Tuesday, the same as the previous month and up from a post-pandemic low of 2.3% in April. Excluding the volatile food and energy categories, core prices rose 3.1%, up from 2.9% in June. Both figures are above the Federal Reserve's 2% target.”

Didn’t Trump campaign on cheaper gas and eggs? Check and check.

Eggs were expensive because of Avian flu. Neither Biden nor Trump had anything to do with the rise or fall of those prices. Gas for me is more expensive now than under Biden, but YMMV.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Jerome Powell back in June: “We are refusing to cut interest rates because, everyone I know, is forecasting a meaningful increase in inflation from tariffs, next month.”

July Inflation just came in BELOW expectations ONCE AGAIN.. Fire Powell

Those expectations were increased inflation. And that’s what we got.

I love the MAGA attempt to shift the goalposts to “expectations.” If the experts guess right that inflation will increase, suddenly the increased inflation is no longer a concern!

+1 And the experts are attempting to forecast with a uniquely unpredictable and mercurial idiot at the helm.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Whats worse - the left being wrong on Trumps economy or the left being wrong on the jabs?

How is Trump helping the economy? Yes, my portfolio is up. How many people own stock again? My industry is majorly laying people off. Farmers are filing for bankruptcy. Small businesses are closing. Jobs are being lost. Groceries are more expensive. College grads can't find jobs.

Tell me again, how are we winning? Counting money coming in from tariffs doesn't count if you've added $4T to the deficit and prices are increasing. How is that money helping you?

Most of that money is a regressive tax on Americans, so less going into GDP

[Anonymous]

https://www.bloomberg.com/news/articles/2025-08-12/us-july-tariff-revenue-jump-fails-to-halt-wider-budget-deficit

“.. The monthly budget deficit came in at $291 billion, or 10% more than the same month a year before ..”

IOW, tariffs are replacing other taxes and fees that would have been coming as a result of a growing GDP, but instead, the burden is placed on american consumers in a regressive manner and we are still losing ground on the debt