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Trump started bringing back rising inflation at least since November
Confused by how CPI jumped back up to 3% in January when the actual cost of manufactured and imported items didn't increase?
You shouldn't be.
Trump's constant blather about how excited he is to increase the price of everything for the American Consumer through the use of his "favorite and most beautiful word; Tariffs" ASAP has contributed to shippers and consumers front-loading their shipments and purchases in order to "get ahead of the game", the Trump's Tariffs game, that is, and will raise the price of things even before those beautiful Trump Tariffs are actually imposed or begin to inflict their damage on Americans directly.
As I have been pointing out would be the outcome for quite some time:
[B]Looming Trump tariffs drive rush on imports, push shipping costs higher.
Freight costs are rising as businesses rush to import goods ahead of higher tariffs promised by US President-elect Donald Trump on Chinese and European products.
Nov. 19, 2024[/B]
[URL]https://www.pv-magazine.com/2024/11/19/looming-trump-tariffs-drive-rush-on-imports-push-shipping-costs-higher/[/URL]
[QUOTE]"Trump has vowed blanket tariffs of up to 20% on all imports into the US and additional tariffs of 60% to 100% on goods from China, the company said in a statement. Data from Xeneta the ocean and air freight intelligence platform shows[b] the last time Trump ramped up tariffs on Chinese imports during the trade war in 2018, ocean container shipping freight rates spiked more than 70%.[/b][/QUOTE]And Americans paying more and higher prices under Trumpanomics vs Bidenomics in that way is only the beginning. Thanks to Trump driving CPI back up to 3% with his magic "all the best words", the Fed will likely NOT enact more than one Funds Rate cut this year, if that.
As everyone with at least a minimum amount of understanding about how the economy works knows, lowering Fed Funds rates in an environment of rising inflation, especially along with increasing the price of everything with Tariffs, is a tried and true Betty Crocker recipe for even MORE Inflation and higher prices for everything.
Which, of course, is why President Musk's assistant Trump wants the Fed to do exactly that. Lolol.
[B]Hopes for more Fed rate cuts dim.[/B]
[URL]https://www.cnbc.com/2025/02/12/hopes-for-more-fed-rate-cuts-dim-as-powell-notes-hot-cpi-means-were-not-quite-there-yet.html?__source=androidappshare[/URL]
[QUOTE]Fed interest rate cut wont be coming until at least September, if at all this year, following a troubling inflation report Wednesday.
Chair Jerome Powell, in an appearance before the House Financial Services Committee, insisted the Fed had made great progress on inflation from its cycle peak but were not quite there yet.[/QUOTE][B]Trump wants interest rate cuts. The market isn't buying it.
Feb. 12, 2025[/B]
[URL]https://finance.yahoo.com/news/trump-wants-interest-rate-cuts-190909740.html[/URL]
[QUOTE]Just before the release of Wednesdays monthly consumer price report, President Donald Trump called for lower interest rates in a post on his Truth Social platform.
[B]Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!! Lets Rock and Roll, America!!! he wrote.[/b]
Upon the reports release just a few minutes later, investors indicated they had other plans.
With the pace of inflation for January coming in above forecasts, stocks tumbled while borrowing costs climbed. Those moves reflect expectations that the Federal Reserve, which helps set interest rates throughout the economy, will now keep those rates higher for longer.[/QUOTE]To MAGAs who could have but did not vote for Kamala Harris and especially that relative handful of angry Muslims spread across just three states who really decided the election in the greatest "self-own" unforced error in presidential election history, thank you for your vote.
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It isn't on the Democrats. It is on the voters.
[QUOTE=SubCmdr;2982548][B]Good![/B] That is what the people voted for. This is what they get. Next time the Democrats better run a legitimate candidate that is ready to sit in the big chair. Dick Politics don't cut it as a policy platform.[/QUOTE]Democratic Party pols will be fine. They have all networked the next job and board membership to live the rest of their and their childrens' lives fat and happy. Even those without a current position like Kamala Harris.
They didn't "need" to get elected nearly as much as the American people "needed" to elect them if Great Economic Expansions and Jobs Creation is more preferable to people than Great Depressions, Great Recessions and Historic Jobs Destruction, that is.
Otherwise, I ageee; it is [B]Good[/B] that the suckers who voted for Trump, stayed home and didn't vote or ultimately did not vote for Harris for fear that their sons would get their dicks chopped off and turned into vaginas, that They're eating the cats, They're eating the dogs, that caravans of blood-thirsty immigrants are on the way to steal their job, that the Stock Market was at an all-time low and the Unemployment Rate was at an all-time high, that Joe Biden and not Donald Trump was responsible for overturning Roe v Wade, that denying any member of the Biden Administration the presidency will really show Netanyahu what's what and any other idiocy promoted by Repubs and propaganda bought by Elon Musk to con the masses into voting against their and their country's best interest will get what they so richly deserve for being such gullible suckers and easy marks.
It is only too bad that the majority of the American electorate, the majority that voted "NOT Trump", will also suffer the consequences right along with the sucker minority of voters who begged to be conned into another Trump / Repub Disaster.