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Trump on grocery prices: "It's hard to bring things down once they're up."

Sullivan said:
Yes, the bill that the D's penned and passed in the House and Senate.

Did you really believe Trump would force all of those small businesses to permanently close???
Click to expand...
His name is on the bill. He get's to own that. Of course, compromise is how governing works. If only he'd do things like this more often.
 
Here's the takeaway. As you can see our Trump voters don't care. Why wouldn't they care you ask, they cited the economy and the border as their reasons for voting for him. The truth is that was never the reason. It was always about grievances. Trans, gays, blacks, browns, women - all easy targets for anger. The interesting part is the reaction after the shooting last week. Some people are starting to realize that it's really haves vs have nots. But most will still blame the gays or someone with pink hair.
 
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BioHawk said:
His name is on the bill. He get's to own that. Of course, compromise is how governing works. If only he'd do things like this more often.
Click to expand...

You realize that Biden signed the $1.85 trillion American Rescue Plan on March 11, 2021.
 
BelemNole said:
Here's the takeaway. As you can see our Trump voters don't care. Why wouldn't they care you ask, they cited the economy and the border as their reasons for voting for him. The truth is that was never the reason. It was always about grievances. Trans, gays, blacks, browns, women - all easy targets for anger. The interesting part is the reaction after the shooting last week. Some people are starting to realize that it's really haves vs have nots. But most will still blame the gays or someone with pink hair.
Click to expand...

It was also the unnecessary wasteful spending and inflation:

  • American Rescue Plan ($1.85 trillion) – The American Rescue Plan Act of 2021 was largely a COVID relief bill, which included funding to state and local governments, $1,400 payments to individuals, an extension of expanded unemployment benefits, new money to combat the pandemic, and other spending. It was regarded by many as larger than necessary given the state of the economy.
  • FY 2022 Omnibus Bill ($625 billion) – In March of 2022, Congress agreed to fund the discretionary budget for Fiscal Year (FY) 2022 at 6 percent above 2021 levels. Assuming discretionary spending continues to keep pace with inflation going forward, the Congressional Budget Office has estimated spending will be roughly $625 billion higher than in its prior baseline as a result. Importantly, much of this increase is consistent with keeping pace with inflation.
  • Bipartisan Infrastructure Law ($370 billion) – The Infrastructure Investment and Jobs Act of 2021 was a bipartisan package of new spending on transportation infrastructure like roads and bridges as well as on other infrastructure like power, water, and broadband. The package also included several offsets including repurposing of unspent COVID relief funds, delaying implementation of a drug rebate rule, and improving information reporting for digital currencies. However, the bill still added $370 billion to deficits after accounting for those offsets.
  • Honoring our PACT Act ($280 billion) – The Honoring our PACT Act of 2022 expanded veterans’ health and disability benefits to veterans who have (or are presumed to have) been exposed to toxic substances while on active duty and have been diagnosed with certain health ailments that could be connected to this exposure. The law was estimated to cost $280 billion and includes no offsets. It would also allow up to $390 billion of discretionary funding to be reclassified mandatory, though that effect is not included in our estimates.1
  • SNAP (Food Stamps) Increase ($185 billion) – In August 2021, the U.S. Department of Agriculture announced that it would be revising the Thrifty Food Plan, used for the calculation of Supplemental Nutrition Assistance Program (SNAP) benefits, otherwise known as “food stamps.” The revision increases the reference food plan’s cost by 21 percent.
  • Health-Related Executive Orders ($175 billion) – The Biden Administration has announced several executive orders relating to health care that have a combined deficit impact of $175 billion over ten years, assuming all rules are finalized. Early in the Biden Administration, they delayed implementation of a Trump Administration rule regarding prescription drug rebates for a year, saving nearly $15 billion in 2021. They later implemented a different rule requiring pharmacy benefit managers to apply negotiated discounts they receive from pharmacies to the price paid by consumers for drugs under Medicare Part D at a cost of $40 billion. Additionally, President Biden's proposed rule fixing the "family glitch" in Affordable Care Act subsidies will add another $30 billion to deficits, assuming it becomes finalized later this year. Most recently, the Administration proposed a rule overhauling the enrollment process for Medicaid, which we estimate would cost $120 billion over ten years.
  • CHIPS and Science Act ($80 billion) – The CHIPS and Science Act of 2022 included more than $50 billion for incentivizing the expansion of the semiconductor manufacturing industry in the U.S. It also increased funding for the Advanced Manufacturing Investment Tax Credit by nearly $25 billion and provided nearly $5 billion for research and innovation. In addition, it included new authorizations not counted in our cost estimate because they would require future appropriations.
  • Ukraine Supplementals ($55 billion) – Since Russia invaded Ukraine in February 2022, Congress has approved a total of $55 billion in military, foreign, and humanitarian aid to Ukraine through two supplemental appropriations bills. The first bill passed in March provided $13 billion, while the second bill passed in May provided nearly $42 billion.
  • Inflation Reduction Act (-$240 billion) – In August 2022, President Biden signed the Inflation Reduction Act of 2022, a reconciliation bill allowed by the FY 2022 budget. The legislation included spending and tax credits for energy and climate as well as new health spending, but it was more than offset through tax increases, improved tax enforcement, and prescription drug savings, resulting in $240 billion of deficit reduction through 2031.
  • Student Debt Relief, Repayment Pauses, and Cancellation ($750 billion) – Over the first 18 months of his Presidency, President Biden extended a pandemic era pause on student debt repayments four times at a cost of roughly $85 billion while also implementing a number of targeted student debt changes that we estimate will cost another $165 billion. More recently, he announced a final pause extension, a cancellation of up to $10,000 to $20,000 per student loan borrower, and a new income-driven repayment plan that we estimate will cost a combined $500 billion.2
  • Net Interest ($700 billion) – Increased borrowing results in higher debt and increased federal interest payments. We estimate the legislative and executive actions approved by the President will increase interest costs by $700 billion, with the largest share coming from the American Rescue Plan. This does not account for any interest effects associated with student loan changes, which are generally measured on an accrual basis.
In total, the Biden Administration has added $4.8 trillion to deficits over the 2021-2031 period as a result of legislative and executive actions. With inflation at a 40-year high and debt headed for record levels, substantial deficit reduction will be needed to put the country on a sustainable fiscal course.
 
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And Biden just gave Ukraine another check for $50 billion this week. He claims it was a loan.

The U.S. will never see that money again.
 
Sullivan said:
You realize that Biden signed the $1.85 trillion American Rescue Plan on March 11, 2021.
Click to expand...
this is bad and lead to inflation

trump's covid bills, which were TWICE AS BIG weren't bad and somehow didn't lead to inflation

govt spending doesn't lead to inflation when there's a president you like...or a president is only responsible for signing inflation-causing spending if it's a president you don't like...i get it
 
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LunchBox50 said:
From the transcript of Trump's interview with Time magazine: If the prices of groceries don't come down, will your presidency be a failure? "I don't think so. Look, they got them 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. I think that energy is going to bring them down. I think a better supply chain is going to bring them down. You know, the supply chain is still broken. It's broken. You see it. You go out to the docks and you see all these containers. And I own property in California, in Palos Verdes. They're very nice. And I passed the docks, and I've been doing it for 20 years. I've never seen anything like it. You know, for 17 years, I saw containers and, you know, they'd come off and they'd be taken away—big areas, you know, you know, in that area, you know, where they have the big, the big ships coming in—big, the port. And I'd see this for years as I was out there inspecting property and things, because they own a lot in California. And I look down and I see containers that are, that are 12, 13, 14 containers. You wouldn't believe they can hold each other. It's like crazy. No, the supply chain is is broken. I think a very bad thing is this, what they're doing with the cars. I think they lost also because of cars. You know, there are a lot of reasons, but the car mandate is a disaster. The electric, the EV mandate."
Click to expand...


 
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Sullivan said:
Government spending had a huge impact on inflation. In addition to Biden's American Rescue Act $1.9 trillion bill, he then spent billions more on his infamous Inflation Reduction Act, which increased inflation. The green energy bill led to more inflation. What sort of moron names a bill Inflation Reduction Act, when it increases inflation???

Biden then went on to spend billions more on his infrastructure bill, chips act, Ukraine handouts, healthcare executive orders, student debt relief, and snap increase.

You can refer to the economic laws of supply and demand. Biden's government spending of nearly $4.8 trillion at a time when we didn't need it, caused inflation.

Here are some actual amounts:

  • American Rescue Plan ($1.85 trillion) – The American Rescue Plan Act of 2021 was largely a COVID relief bill, which included funding to state and local governments, $1,400 payments to individuals, an extension of expanded unemployment benefits, new money to combat the pandemic, and other spending. It was regarded by many as larger than necessary given the state of the economy.
  • FY 2022 Omnibus Bill ($625 billion) – In March of 2022, Congress agreed to fund the discretionary budget for Fiscal Year (FY) 2022 at 6 percent above 2021 levels. Assuming discretionary spending continues to keep pace with inflation going forward, the Congressional Budget Office has estimated spending will be roughly $625 billion higher than in its prior baseline as a result. Importantly, much of this increase is consistent with keeping pace with inflation.
  • Bipartisan Infrastructure Law ($370 billion) – The Infrastructure Investment and Jobs Act of 2021 was a bipartisan package of new spending on transportation infrastructure like roads and bridges as well as on other infrastructure like power, water, and broadband. The package also included several offsets including repurposing of unspent COVID relief funds, delaying implementation of a drug rebate rule, and improving information reporting for digital currencies. However, the bill still added $370 billion to deficits after accounting for those offsets.
  • Honoring our PACT Act ($280 billion) – The Honoring our PACT Act of 2022 expanded veterans’ health and disability benefits to veterans who have (or are presumed to have) been exposed to toxic substances while on active duty and have been diagnosed with certain health ailments that could be connected to this exposure. The law was estimated to cost $280 billion and includes no offsets. It would also allow up to $390 billion of discretionary funding to be reclassified mandatory, though that effect is not included in our estimates.1
  • SNAP (Food Stamps) Increase ($185 billion) – In August 2021, the U.S. Department of Agriculture announced that it would be revising the Thrifty Food Plan, used for the calculation of Supplemental Nutrition Assistance Program (SNAP) benefits, otherwise known as “food stamps.” The revision increases the reference food plan’s cost by 21 percent.
  • Health-Related Executive Orders ($175 billion) – The Biden Administration has announced several executive orders relating to health care that have a combined deficit impact of $175 billion over ten years, assuming all rules are finalized. Early in the Biden Administration, they delayed implementation of a Trump Administration rule regarding prescription drug rebates for a year, saving nearly $15 billion in 2021. They later implemented a different rule requiring pharmacy benefit managers to apply negotiated discounts they receive from pharmacies to the price paid by consumers for drugs under Medicare Part D at a cost of $40 billion. Additionally, President Biden's proposed rule fixing the "family glitch" in Affordable Care Act subsidies will add another $30 billion to deficits, assuming it becomes finalized later this year. Most recently, the Administration proposed a rule overhauling the enrollment process for Medicaid, which we estimate would cost $120 billion over ten years.
  • CHIPS and Science Act ($80 billion) – The CHIPS and Science Act of 2022 included more than $50 billion for incentivizing the expansion of the semiconductor manufacturing industry in the U.S. It also increased funding for the Advanced Manufacturing Investment Tax Credit by nearly $25 billion and provided nearly $5 billion for research and innovation. In addition, it included new authorizations not counted in our cost estimate because they would require future appropriations.
  • Ukraine Supplementals ($55 billion) – Since Russia invaded Ukraine in February 2022, Congress has approved a total of $55 billion in military, foreign, and humanitarian aid to Ukraine through two supplemental appropriations bills. The first bill passed in March provided $13 billion, while the second bill passed in May provided nearly $42 billion.
  • Inflation Reduction Act (-$240 billion) – In August 2022, President Biden signed the Inflation Reduction Act of 2022, a reconciliation bill allowed by the FY 2022 budget. The legislation included spending and tax credits for energy and climate as well as new health spending, but it was more than offset through tax increases, improved tax enforcement, and prescription drug savings, resulting in $240 billion of deficit reduction through 2031.
  • Student Debt Relief, Repayment Pauses, and Cancellation ($750 billion) – Over the first 18 months of his Presidency, President Biden extended a pandemic era pause on student debt repayments four times at a cost of roughly $85 billion while also implementing a number of targeted student debt changes that we estimate will cost another $165 billion. More recently, he announced a final pause extension, a cancellation of up to $10,000 to $20,000 per student loan borrower, and a new income-driven repayment plan that we estimate will cost a combined $500 billion.2
  • Net Interest ($700 billion) – Increased borrowing results in higher debt and increased federal interest payments. We estimate the legislative and executive actions approved by the President will increase interest costs by $700 billion, with the largest share coming from the American Rescue Plan. This does not account for any interest effects associated with student loan changes, which are generally measured on an accrual basis.
In total, the Biden Administration has added $4.8 trillion to deficits over the 2021-2031 period as a result of legislative and executive actions. With inflation at a 40-year high and debt headed for record levels, substantial deficit reduction will be needed to put the country on a sustainable fiscal course.
Click to expand...
important to note that the article this is copy and pasted from was not examining or discussing the causes of inflation

it was discussing deficit spending...which is a completely different thing than causes of inflation

also important to note, inflation had already peaked and begun declining in june 2022 (this was published in sept 2022)
 
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BrianNole777 said:
Trump is a genius at spin. Whatever he does, he spins into something positive.

Intellectually, I think he's a dunce. He's never read a book in his adult life. He doesn't know any details but he's amazing at spin.
Click to expand...
He’s only amazing a spin because there’s idiots willing to accept his lies/spin. If even those who are conservative called his bs what it is all of the sudden the house of cards comes crashing down and let’s just say they don’t want that.
 
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Thunderlips71 said:
Are we sure Trump wasn’t talking about Elon’s penis?
Click to expand...
Kombucha No But GIF


Drake__Mallard said:
No. But people voted for him based on prices and he said he could lower them only to show he actually didn’t believe that. What don’t you understand about that?
Click to expand...
Tread lightly — you're pushing back against the lone Mensa member that HBOT has.
 
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Sullivan said:
It was also the unnecessary wasteful spending and inflation:

  • American Rescue Plan ($1.85 trillion) – The American Rescue Plan Act of 2021 was largely a COVID relief bill, which included funding to state and local governments, $1,400 payments to individuals, an extension of expanded unemployment benefits, new money to combat the pandemic, and other spending. It was regarded by many as larger than necessary given the state of the economy.
  • FY 2022 Omnibus Bill ($625 billion) – In March of 2022, Congress agreed to fund the discretionary budget for Fiscal Year (FY) 2022 at 6 percent above 2021 levels. Assuming discretionary spending continues to keep pace with inflation going forward, the Congressional Budget Office has estimated spending will be roughly $625 billion higher than in its prior baseline as a result. Importantly, much of this increase is consistent with keeping pace with inflation.
  • Bipartisan Infrastructure Law ($370 billion) – The Infrastructure Investment and Jobs Act of 2021 was a bipartisan package of new spending on transportation infrastructure like roads and bridges as well as on other infrastructure like power, water, and broadband. The package also included several offsets including repurposing of unspent COVID relief funds, delaying implementation of a drug rebate rule, and improving information reporting for digital currencies. However, the bill still added $370 billion to deficits after accounting for those offsets.
  • Honoring our PACT Act ($280 billion) – The Honoring our PACT Act of 2022 expanded veterans’ health and disability benefits to veterans who have (or are presumed to have) been exposed to toxic substances while on active duty and have been diagnosed with certain health ailments that could be connected to this exposure. The law was estimated to cost $280 billion and includes no offsets. It would also allow up to $390 billion of discretionary funding to be reclassified mandatory, though that effect is not included in our estimates.1
  • SNAP (Food Stamps) Increase ($185 billion) – In August 2021, the U.S. Department of Agriculture announced that it would be revising the Thrifty Food Plan, used for the calculation of Supplemental Nutrition Assistance Program (SNAP) benefits, otherwise known as “food stamps.” The revision increases the reference food plan’s cost by 21 percent.
  • Health-Related Executive Orders ($175 billion) – The Biden Administration has announced several executive orders relating to health care that have a combined deficit impact of $175 billion over ten years, assuming all rules are finalized. Early in the Biden Administration, they delayed implementation of a Trump Administration rule regarding prescription drug rebates for a year, saving nearly $15 billion in 2021. They later implemented a different rule requiring pharmacy benefit managers to apply negotiated discounts they receive from pharmacies to the price paid by consumers for drugs under Medicare Part D at a cost of $40 billion. Additionally, President Biden's proposed rule fixing the "family glitch" in Affordable Care Act subsidies will add another $30 billion to deficits, assuming it becomes finalized later this year. Most recently, the Administration proposed a rule overhauling the enrollment process for Medicaid, which we estimate would cost $120 billion over ten years.
  • CHIPS and Science Act ($80 billion) – The CHIPS and Science Act of 2022 included more than $50 billion for incentivizing the expansion of the semiconductor manufacturing industry in the U.S. It also increased funding for the Advanced Manufacturing Investment Tax Credit by nearly $25 billion and provided nearly $5 billion for research and innovation. In addition, it included new authorizations not counted in our cost estimate because they would require future appropriations.
  • Ukraine Supplementals ($55 billion) – Since Russia invaded Ukraine in February 2022, Congress has approved a total of $55 billion in military, foreign, and humanitarian aid to Ukraine through two supplemental appropriations bills. The first bill passed in March provided $13 billion, while the second bill passed in May provided nearly $42 billion.
  • Inflation Reduction Act (-$240 billion) – In August 2022, President Biden signed the Inflation Reduction Act of 2022, a reconciliation bill allowed by the FY 2022 budget. The legislation included spending and tax credits for energy and climate as well as new health spending, but it was more than offset through tax increases, improved tax enforcement, and prescription drug savings, resulting in $240 billion of deficit reduction through 2031.
  • Student Debt Relief, Repayment Pauses, and Cancellation ($750 billion) – Over the first 18 months of his Presidency, President Biden extended a pandemic era pause on student debt repayments four times at a cost of roughly $85 billion while also implementing a number of targeted student debt changes that we estimate will cost another $165 billion. More recently, he announced a final pause extension, a cancellation of up to $10,000 to $20,000 per student loan borrower, and a new income-driven repayment plan that we estimate will cost a combined $500 billion.2
  • Net Interest ($700 billion) – Increased borrowing results in higher debt and increased federal interest payments. We estimate the legislative and executive actions approved by the President will increase interest costs by $700 billion, with the largest share coming from the American Rescue Plan. This does not account for any interest effects associated with student loan changes, which are generally measured on an accrual basis.
In total, the Biden Administration has added $4.8 trillion to deficits over the 2021-2031 period as a result of legislative and executive actions. With inflation at a 40-year high and debt headed for record levels, substantial deficit reduction will be needed to put the country on a sustainable fiscal course.
Click to expand...
As long as you're also willing to acknowledge the significantly higher numbers during Trump's presidency, including $1.9 trillion in the CARES Act alone.

www.crfb.org

How Much Did President Trump Add to the Debt? | Committee for a Responsible Federal Budget

2024-01-10-Note: We published a more comprehensive, up-to-date
www.crfb.org www.crfb.org

www.crfb.org

Trump and Biden: The National Debt | Committee for a Responsible Federal Budget

The national debt is on course to reach a record share of the economy under the next presidential administration, due in part to policies approved by Presidents Trump and Biden during their ti
www.crfb.org www.crfb.org
 
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The-Dude-Abides said:
As long as you're also willing to acknowledge the significantly higher numbers during Trump's presidency, including $1.9 trillion in the CARES Act alone.

www.crfb.org

How Much Did President Trump Add to the Debt? | Committee for a Responsible Federal Budget

2024-01-10-Note: We published a more comprehensive, up-to-date
www.crfb.org www.crfb.org

www.crfb.org

Trump and Biden: The National Debt | Committee for a Responsible Federal Budget

The national debt is on course to reach a record share of the economy under the next presidential administration, due in part to policies approved by Presidents Trump and Biden during their ti
www.crfb.org www.crfb.org
Click to expand...
sully's comment that you responded to seems to imply its deficit spending that causes inflation

which is interesting because 2020 was the year with the highest ever deficit spending...and inflation starting escalating March/April of 2021

which is...apparently...all biden's fault
 
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joelbc1 said:
Inflation started with the interruption of supply chains and materials post Covid. My example is I needed to replace a privacy fence…I contacted a contractor (several actually), I had to wait 9 months and materials prices could not be guaranteed. A year later I got my fence replaced and materials / costs almost doubled the price… the main problems the contractor had was he couldn’t get labor abd then he couldn’t get product. This is what happened pretty much everywhere in the home construction market between ‘21-22… and housing prices increased probably 30% or more during this same period. Had nothing to do with federal spending. Supply and demand. The same with cars. There was a year where you couldn’t find cars in any numbers on the lot…new or used.
Click to expand...
Ya, i waited a year to get a new garage door, before Joe took office as i couldn't get nothing with Crazy Filthy Don in office.
 
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LunchBox50 said:
I'd forgotten about him wanting his name on the checks so it looked like he was helping the poors. Classic, Donny!
Click to expand...
In Donny’s honor, I took his $$ and bought some very expensive (PXG) golf irons…Alas, they did not elevate my golf game as desired, and I no longer use them.
They are currently sitting in the corner of my man cave, rubber-banded and ready to be donated to The First Tee.
Hopefully they will be of use to a young budding golfer somewhere in the city if Des Moines. So eventually, his gift to me will get to a poor.
 
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Yeah, he will bring inflation down but the damage of bidenomics has already been done. Thanks dems.
 
hawkeyetraveler said:
August 20, 2024:

“Prices will come down,” Trump told voters during a speech last week laying out his vision for a return to the White House. “You just watch: They’ll come down, and they’ll come down fast, not only with insurance, with everything.”

Now: “You know it’s very hard”

He MUST be held accountable to his fools gold campaign promises.
Click to expand...
I'm guessing he must have just had a concept of a plan?
 
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Scruddy said:
Yeah, he will bring inflation down but the damage of bidenomics has already been done. Thanks dems.
Click to expand...
Already going back on his big promise... so sad the cult dupes believed him. But then when you are stupid, it's not suprising. People with brains knew he was lying, so I guess thats why Bonespurs was able to dupe the lowly intelligent cult members. Hey... which promise is he going to renig on next?? The stupid are so sad. But hey, don't blame me. I didn't vote for the rapist liar... but scruffy sure did... which is why he so embarassed that Bonespurs is renigging on his promises already... 😩
 
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sabula said:
Already going back on his big promise... so sad the cult dupes believed him. But then when you are stupid, it's not suprising. People with brains knew he was lying, so I guess thats why Bonespurs was able to dupe the lowly intelligent cult members. Hey... which promise is he going to renig on next?? The stupid are so sad. But hey, don't blame me. I didn't vote for the rapist liar... but scruffy sure did... which is why he so embarassed that Bonespurs is renigging on his promises already... 😩
Click to expand...
Cope and seethe
 
sabula said:
Lied to... AGAIN. 🤣🤣 How stupid and embarassed you must be 😩. Cope and seethe scruffy. 😂😂
Click to expand...
I respect that you're now willing to admit how bad prices are. Good on you for learning finally :)
 
Hbotus Dichotomous said:
Did your parents manage money well as you were growing up? Did you ever feel like they neglected you?
Click to expand...
You know, my mother did refuse to make my school lunches from 1st grade on and that always did stick with me now that you mention neglect.
 
The great thing is, when prices are higher again in 2028, Trump is going to get blamed and the dems are going to sweep back in to power.
 
Scruddy said:
I respect that you're now willing to admit how bad prices are. Good on you for learning finally :)
Click to expand...
Seems learning has not come easy for you, believing lie after lie after lie, fake promise after fake promise after fake promise. how embarrassing. You'll get over it though.
 
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Scruddy said:
I'm from a home worse off for bidenomics having happened. Like most Americans.
Click to expand...
In other words, not smart enough to manage his
affairs and life on his own. Needs a scapegoat for his plight in life. Too bad.
 
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