President-elect Donald Trump admitted in an interview with Time magazine that it will be difficult for him to reduce consumer prices, contrary to statements he made on the campaign trail this year.
“It’s hard to bring things down once they’re up,” Trump told Time in an hourlong interview for its “Person of the Year” feature. “You know, it’s very hard.”
Trump is right that it’s very hard to achieve across-the-board price reductions. Curbing inflation is only a matter of slowing the rate of price increases — actual economy-wide price drops typically don’t happen outside of a massive economic downturn.
Nevertheless, Trump repeatedly told voters during the campaign that electing him president would cause prices to tumble.
“Prices will come down,” Trump said during a rally in August. “You just watch: They’ll come down, and they’ll come down fast, not only with insurance, with everything.”
“We will end inflation and make America affordable again, and we’re going to get the prices down, we have to get them down,” Trump said at a rally in September. “It’s too much. Groceries, cars, everything. We’re going to get the prices down.”
“We will cut your taxes and inflation, slash your prices, raise your wages and bring thousands of factories back to America,” Trump said at a Georgia rally in October, reciting a line he used in speeches at several other events.
Trump also specifically promised to get gas prices down: “I will cut your energy prices in half within 12 months.”
Vice President-elect JD Vance made similar promises that Trump would simply “fix” grocery prices.
“Kamala Harris broke the private-sector economy, and Donald J. Trump is going to fix it, and of course, whether it’s housing prices, whether it’s mortgage interest rates, whether it’s grocery prices, everything has gotten more expensive under Kamala Harris’ leadership,” Vance said before the election at an event in November. “So again, we have to ask ourselves, do we want a president who broke the economy, broke the border, broke your wallets or do we want a president who has already fixed it and will fix it again.”
In every survey leading up to the election, most voters said the economy and inflation were the most important issues, and most of those who said so also said they believed Trump would be better at addressing the problem. Concern over inflation may have been the biggest single explanation for Trump’s victory.
Inflation soared above 9% in 2022 as a result of supply chain problems related to the coronavirus pandemic and strong consumer demand that had been buttressed by stimulus checks and other relief policies President Joe Biden championed.
The Federal Reserve raised interest rates to help bring down inflation, a process that many economists expected would increase unemployment by reducing demand for goods and services. Unemployment rose only modestly; cutting consumer demand enough to induce corporations to slash prices likely would also push them to lay off millions of workers.
But Trump never outlined a clear plan to reduce prices. His signature economic policy proposal during the campaign was to impose tariffs on imported goods, something economists said was more likely to spike prices since the companies that pay the tariffs can simply pass the cost on to consumers.
Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices
The president-elect walked back what was always a wildly unrealistic campaign promise.www.huffpost.com
Like I'm ok with this tooHealth experts have said that lawmakers have it backward and that standard time should be made permanent.
Some health groups, including the American Medical Association and American Academy of Sleep Medicine, have said that it’s time to do away with time switches and that sticking with standard time aligns better with the sun — and human biology.
I'd actually be for this. Well I'd be for ending the change
Like I'm ok with this too
Other countries don’t do it? Only us?Yeah no benefit anymore to daylight savings time. Shit should have been canceled a long time ago. But keep it at the hour forward so we have more daylight all year.
I wouldn’t expect a President to push it and take credit though, as if it’s some big deal. Just get it done.
Other countries don’t do it? Only us?
Looks like only 1/3 of countries have itJamaica doesn’t. I’d go there in my teens during the summer and always change my watch when I got there
I completely agree. I fucking hate daylight savings time. Let’s spring forward one last time and end daylight savings time permanently
Nah keep everybody at the hour ahead so you get more daylight in the afternoon in winter.Nah, gotta leave the time as it is right now.
AZ doesn't honor DST, and this is the time of year where AZ's time aligns with it's time zone, MST. When we "spring forward" AZ is then aligned with Pacific Time.
Let that state be the benchmark for all others.
It’s funny because his clearly stated viewpoint out of his own mouth is that he doesn’t think black people are either smart and or organized. And he believes that to be because of genetic traits.
A cybersecurity expert released some information that Trump/Elon rigged the election with the help of a Russian weirdo. Her name is Jackie Signh(sp). It was released on YouTube and it has been taken down multiple times her accounts have been banned on Blue Sky, X and TikTok.
Someone screenshot what she came up with but it basically runs down how Elon and team rigged the election. I do remember there was a guy who ran a election betting service and he picked every win in the country. The FBI raided his spot after the election and there's been nothing said about buddy since.
Also she's not some random conspiracy theorist like myself she works for the government