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On Meet the Press last weekend, Trump made this inane comment:
He didn’t invent the word groceries. I don’t know what was rattling around his head when he said that. But he did use the word. A lot. And he promised that he was going to lower their cost over and over again. Yet in today’s TIME Magazine interview he said:
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.
A quick reminder of his campaign promises:
Trump before the election: vote for me, and I’ll lower the cost of groceries.
— Republicans against Trump (@RpsAgainstTrump) December 12, 2024
Trump today, to Time magazine: actually, it's not that simple: “It's hard to bring things down once they're up. You know, it's very hard." pic.twitter.com/nU36fg8y35
For the full Trump “weave” on the above of how he planned to lower the price of groceries, Philip Bump published the whole thing here. It makes you want to throw up to think that anyone voted for that moron.
CNN reported on his groceries lies but I don’t think it got any circulation:
Americans crave pre-Covid prices. Former President Donald Trump is promising to make them a reality.
“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.”
There’s no doubt the federal government can help influence the price of certain goods and services. However, broad-based price declines are not only improbable, they would bring about a doom loop difficult to escape from.
“Prices will come down and come down dramatically and come down fast,” he said.
Trump vowed to slash not just the price of gasoline, cooling bills and electricity, but predicted this would happen across the economy.
“Unquestionably, this is what people want to hear. And unquestionably, this is unrealistic,” Justin Wolfers, an economist at the University of Michigan, told CNN in a phone interview.
It’s one thing to try to slow the rate of inflation, making prices go up at a more gradual pace. That’s exactly what the Federal Reserve has been working to do the past two years, with a surprising amount of success.
But what Trump appeared to be describing is deflation: widespread price drops. And that’s something that scares economists because of what it portends.
“The way to bring about deflation would be to create a massive recession. That would cause businesses to start cutting prices,” Wolfers said.
But falling prices are problematic because they would stall the economy in its tracks.
It would have fallen on deaf ears in any case. Most of Trump’s voters don’t care what he said they just love him and the swing voters who went with him were so uninformed they probably thought he was promising to pay for their groceries personally.
In the TIME interview he went on to vamp about “energy” and “supply chains” possibly bringing prices down which is nonsense. Here’s what he said about that. If you can understand this gibberish you’re a lot smarter than I am:
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.
Hookay…
By the way, the other day on Meet the Press he also admitted that his tariffs may cause prices to actually go up.
KRISTEN WELKER: I want to delve into one of your signature promises on the campaign trail, which was to end inflation, to lower prices. You are now proposing tariffs against the United States’ three biggest trading partners. Economists of all stripes say that ultimately consumers pay the price of tariffs.
PRESIDENT-ELECT DONALD TRUMP:
I don’t believe that.
KRISTEN WELKER:
Can you guarantee American families won’t pay more?
PRESIDENT-ELECT DONALD TRUMP:
I can’t guarantee anything. I can’t guarantee tomorrow.
So, his promises to lower the price of groceries, which he admits were key to his success, was bullshit which those of us who have a basic junior high level knowledge of economics knew was bullshit at the time. And he admits that his further promise that Americans wouldn’t pay the cost of his tariffs is also bullshit. And we knew that too. But he put on the better show I guess and that was all that mattered.
If the Democrats don’t make a huge deal out of this right now before the country can buy into his lies that the economy is miraculously recovered and everything’s coming up roses just because he’s in the White House, they will be committing the worst malpractice they’ve ever committed and that’s saying something.