No. of Recommendations: 11
My models show a 94% chance that Trumps 2nd term will contain as much idiocy and dishonesty as his first...
"When I win, I will immediately bring prices down, starting on day one. We will drill, baby, drill. That’s going to bring down prices of everything!" ~Donald Trump
"When I take office, I will swiftly reduce prices starting from day one." ~Donald Trump
"I won on the border, and I won on groceries, very simple word, groceries. Like almost nobody -- you know, who uses the word? I started using the word -- the groceries.
When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period of time, and I won an election based on that.
We're going to bring those prices way down." ~Donald Trump
Economists note that Trumps proposed policies will actually worsen inflation:
Tariffs: Trump's plan to impose substantial tariffs on imports, particularly from China, would lead to increased prices for consumers.
The Peterson Institute estimates that Trump's tariff policies could cost the average middle-income family at least $1,700 annually.
Immigration policies: Deporting millions of immigrant workers could force employers to pay higher wages to attract a shrinking labor pool, adding to pricing pressures.
Tax cuts: Sharp corporate tax cuts would act as an inflationary fiscal stimulus. (See Trumps 1st term.)
Higher deficits: would also act as an inflationary fiscal stimulus. (See Trumps 1st term.)
https://www.cnn.com/2024/12/12/economy/grocery-pri...https://abcnews.go.com/Politics/trump-now-bringing...https://apnews.com/article/trump-inflation-tariffs...https://www.cbsnews.com/news/trump-economy-inflati... 