Dear Editor,
US Economy: Widespread campaign promises included Trump’s ability to bring down prices, especially groceries and gas, “on day 1”. The January CPI was up 0.5% for month, exceeding consensus forecasts of 0.3% and December CPI increase of 0.4% for month. Vance responded that price drops would take a bit of time. Trump said to Time in December that "Look, they got [prices] up. I'd like to bring them down. It's hard to bring things down once they're up. You know, it's very hard. But I think that they will.”
Will tariffs bring down prices? Will tax cuts to corporations and billionaires bring down prices? Will Musk’s scorched-earth firings bring down prices? Will Trumps proposed US invasion and ‘cleansing’ of Gaza bring down prices? Will mass deportations of immigrant workers/consumers bring down prices? Ummm… “No” times 5!
Paul Smalley
Comments
Submit a CommentPlease refresh the page to leave Comment.
Still seeing this message? Press Ctrl + F5 to do a "Hard Refresh".