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Originally Posted by 1blackman1
You realize 3% inflation isn’t lower prices, right.
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Of course. Slowing the rate of inflation means prices continue to rise, just not as fast.
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Originally Posted by 1blackman1
...and it’s not looking like lower prices. He was elected based on his promise of lower prices (those of us with sense knew better of course) and my question was simply in what way has Trump lowered prices.
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Everyone knows that by promising ALL prices would come down, trump was indulging his well-known penchant for hyperbole. You treat all such promises by politicians skeptically, right? Having said that, if trump gets annual inflation down to 2% or less (Fed's long-run target) then it probably won't be a vote-getter for Dems to try and make an issue out of it.
More telling to me than cheap promises is - what policies does each candidate plan to pursue in furtherance of those promises? Trump's de-regulatory and pro-energy policies should over time help to unleash production and drive down prices, while his tariff policies will tend to push up prices. We'll see what the net impact turns out to be. But there's no doubt in my mind it will be a helluva lot less painful than what we would be experiencing under the free-spending, high-tax and suffocating regulatory agenda of a Kamala Harris administration.
Quote:
Originally Posted by 1blackman1
He and some republicans on Fox claim prices are down. If so, where’s the proof.
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If I wanted to be stupidly argumentative, I would scour the 200+ goods & services that are tracked each month and compiled into the Consumer Price Index, then cherry-pick the ones that have declined since January and say "here's your proof that prices are down" lol. But I'm pretty sure you understand the CPI is an overall weighted index. In any given month, some of its 200 individual components will go up in price, while others go down. The CPI is simply a weighted average created by economists to measure the OVERALL cost of living. You get that, right?
