Not around my way…..
Was cheaper when ole” Was President….
‘It’s the Economy Stupid’ applies to Trump, as it has for Biden….
Donald Trump vowed during the presidential campaign to bring down “the price of everything.”
He’s about to find out how difficult that will be.
The government has few levers to bring down prices across the board — short of dramatically curbing economic activity and risking a recession. Even finding policies that would lower prices in specific areas like groceries can be a major challenge…
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Trump also says he’s determined to keep the cost of living in check while at the same time pressuring the Federal Reserve Board to lower interest rates. But the Fed — which is expected to hold rates steady at its meeting on Wednesday — seems committed to using elevated borrowing costs to keep a lid on inflation.
“If it was so simple, they would just do it,” Norbert Michel, a vice president at the libertarian-leaning Cato Institute, said of lowering prices.
For Trump, the stakes are huge. Lowering the cost of living was a cornerstone of his reelection campaign, and for many struggling American households, it’s still a driving economic concern.
Yet he is already facing the practical limitations of fulfilling a key pitch he made to voters about a politically salient consumer staple: The price of eggs has soared in recent weeks amid an outbreak of avian flu that has killed millions of chickens and led to the slaughter of others.
There are also inherent tensions with corporate America in what he is offering to voters. He has pledged to increase oil production to reduce prices at the pump. But oil companies — which are at the mercy of global pricing — are generally only motivated to increase production when prices rise….
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Asked about Trump’s efforts, Vice President JD Vance told CBS’ “Face the Nation” that the administration is looking to raise wages relative to prices, a way of easing cost burdens that is seen by economists as much more beneficial to the economy over the long term than actively decreasing prices.
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But Vance also maintained that Trump would ultimately ease the burden on Americans.
“Prices are going to come down, but it’s going to take a little bit of time,” he said….
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