this post was submitted on 12 Feb 2025
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politics

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Summary

Inflation in the U.S. rose 3% in January, with rent alone accounting for 30% of the increase.

Egg prices soared due to avian flu, worsening grocery costs.

Despite pledging to lower prices, Trump blamed inflation on Biden and foreign countries while avoiding specifics on his plan.

In a Fox News interview, he dodged questions about when prices would drop, instead citing trade deficits. The White House press secretary confirmed that the administration has no clear timeline for addressing the rising cost of living.

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[–] [email protected] 2 points 1 month ago
[–] [email protected] 4 points 1 month ago

He needs to be stopped. He will economically destroy this country.

[–] [email protected] 12 points 1 month ago

I wish there was a NGO that was handing out donvict and fElon "I did that!!!" stickers to put on EVERYTHING.

[–] [email protected] 55 points 1 month ago (2 children)

Damn, Joe Biden is so powerful that he's still president and responsible for gas prices (/s) even though he's not president anymore

[–] [email protected] 15 points 1 month ago (1 children)

I still cannot get over how their version of Retweet is 'ReTruth'. Absolute shit for brains

[–] [email protected] 11 points 1 month ago

And the users of that site will tell you with a straight face that they are "free thinkers" and are immune to propaganda.

[–] [email protected] 5 points 1 month ago (1 children)

Please tell me this isn't a real screenshot

[–] [email protected] 8 points 1 month ago (1 children)

I wish I could but it's out there. He made that post.

[–] [email protected] 5 points 1 month ago

I don't know how this stuff continues to shock me, but that is fucking wild.

[–] [email protected] 16 points 1 month ago (1 children)

There was an article about how interest rates raise to 3%. Seeing the comment section was wild. It was all Biden's fault because Trump was only in office for three weeks. Don't mind that he's been spouting off tariff talks since last year.

However, anything good that happened, even prior to Trump taking office, was his doing.

[–] [email protected] 7 points 1 month ago (2 children)

Also everything was immediately Biden's fault when he took office after Trump.

[–] [email protected] 6 points 1 month ago (1 children)

In 2024, stocks were high, jobs were strong, feds were cutting rates, inflation was under 3%.. Biden did it, the soft landing from COVID. Anyone who paid any attention knew the economy was in a good place and, four years in, only Biden's admin would have had any affect.

Part of me is weeping for this nation, but another part thinks the nation deserves it for being so fucking stupid.

[–] [email protected] 2 points 1 month ago

Yup. Biden managed the economy probably better than any other President in my lifetime. When Kamala was asked if she'd do anything different and said she wouldn't people threw a fit. Because no one understood that there was a very narrow path to take to get inflation down while avoiding millions of people losing their jobs.

But I guess now people will soon understand how the billionaires will get inflation down really fast. I wonder if the people that voted for Trump who will soon be unemployed will start to appreciate what Joe Biden did a little more. Probably not.

[–] [email protected] 3 points 1 month ago* (last edited 1 month ago)

Even when it started under Trump, notably as he sent out the first round of stimulus checks.

The ones he personally insisted be signed with his name, against the law.

[–] [email protected] 23 points 1 month ago (1 children)

I guarantee the CPI will stop being published very soon. Can’t have high inflation if you don’t measure it!

[–] [email protected] 1 points 1 month ago

Cant have high inflation if you fire all the people who compute the inflation numbers either.

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