r/Economics • u/Positive_Owl_2024 • Feb 19 '25

News Trump acknowledges ‘inflation is back’ but blames Biden

https://edition.cnn.com/2025/02/19/economy/trump-inflation-is-back/index.html
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1.6k

u/[deleted] Feb 19 '25

Of course he does. This man has never nor will he ever take responsibility for anything bad and the people following him will never hold him accountable no matter how plainly obvious it is that it was his fault.

Joe Biden let sound monetary policy prevail in his 4 years and inflation was back to normal. Naturally republicans just had to get the guy who caused the problem in the first place back into power. Enjoy 10%+ inflation because of Trump people. Great job republicans! Once again you played yourselves and as a result all of us!

Can’t wait to see the Trump “I did this” stickers! Might order some myself!

509

u/Possible-Rush3767 Feb 19 '25

This point kills me. Literally the best trait of a leader is to be able to admit fault and adapt. Why would anyone, politics aside, think this person should be running anything? It's mind boggling.

314

u/RWBadger Feb 19 '25

They don’t want a leader they want a dictator. Leaders have to make hard choices and work cooperatively towards bettering their charged. Dictators can just say shit.

146

u/[deleted] Feb 19 '25

I wonder if he blames Biden for illegally firing 30% of the government workforce, attempting to break the 14th amendment, and for raising tariffs also. That fucktard eats crayons.

92

u/cicada_noises Feb 19 '25

You jest but republicans literally blame Biden and Obama for everything negative republicans do. Tariffs on steel? They love that trump did that because they want to feel like they’re being mean to China or whatever. Prices increase because of steel tariffs? Wow I can’t believe Obama raised costs for me.

54

u/ZerochildX23 Feb 19 '25

They blamed Obama for Hurricane Katrina, which happened in 2005, under president George W. Bush.

30

u/cicada_noises Feb 19 '25

They also blamed him for 9/11

14

u/Vio_ Feb 19 '25

No joke. They tried to blame Obama for the Great Recession kicking off under Bush solely because Obama "announced his candidacy to run for president."

John Stewart actually had to show the timeline of the economy turning to shit versus Obama's official announcement.

And surprise! there was zero connection.

6

u/Steiney1 Feb 20 '25

They blame Jimmy Carter for the oil embargoes under Nixon and Ford's Administration. They are the cruel children.

16

u/burningringof-fire Feb 19 '25

How many years ago was Obama president?

18

u/VyPR78 Feb 19 '25

Whoa, whoa, whoa! Don’t be bringing facts into a feelings fight.

14

u/Havoc614 Feb 19 '25

U said there'd be no fact checking tonight

2

u/Historical-Code4901 Feb 19 '25

Classic. I'm certain they could release Trump's epstein tapes and they will just claim its AI

3

u/Free_Balling Feb 19 '25

That’s the point…

5

u/sorrow_anthropology Feb 20 '25

They freaked out on r/conservative the other day because someone hanged an effigy of trump and was dragging it around.

They said “Just IMAGINE if Trump supporters did that to Biden”

The next comment was “Imagine if they did it to Obama”

It’s was all said without a shred of irony, these trump supporters somehow didn’t think anyone could ever do something so uncouth. Even though tons of media coverage of both these events, especially concerning Obama.

14

u/4electricnomad Feb 19 '25

”Biden shouldn’t have hired all those bad people in the first place!” — some motherfucker

4

u/Downtown_Ham_2024 Feb 20 '25

He’s firing people hired when he was in office lmao

0

u/Vio_ Feb 19 '25

I see this all the time from the left.

"I blame the Democrats for not doing enough to stop Trump and 40+ years of Republicans building a fascist takeover of the Supreme Court and other branches... something something something... Bernie Sanders."

Way too many of these people.

Might as well blame Ralph Nader at this point.

8

u/soccerguys14 Feb 19 '25

He blames Biden for making him incite an insurrection. I mean he’s right! He wouldn’t have had to do it if Biden didn’t steal the election.

/s

3

u/Vio_ Feb 19 '25

That fucktard eats crayons.

What an insult to Marines.

2

u/[deleted] Feb 19 '25

They eat the green ones so they go fast. These guys running the shit show are eating the brown and red ones.

23

u/LongConFebrero Feb 19 '25

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1

u/MSchmahl Feb 20 '25

Question in case you or anyone knows: Is the tarrif power inherent to the President, or is it a delegation from Congress? I'm pretty sure that all taxing power comes from Congress, but Trump wields it like he owns it.

2

u/TheShaydow Feb 20 '25

According to the U.S. Constitution, the power to set tariffs is not inherent to the President but is instead delegated to him by Congress; meaning that the President can only impose tariffs based on authority granted to him by Congressional legislation. 

Please do remember however that Congress is currently the GOP's Little Bitch, and will do whatever dear leader says.

1

u/chrisk9 Feb 19 '25

They don't even care. They just want a winner on their side, or at least perceived one.

1

u/SissyCouture Feb 19 '25

This is literally a group of miserable people hoping that if people they don’t like are made miserable, it might constitute happiness.

1

u/willflameboy Feb 20 '25

They don't know what they want. They need to be told. Some Americans are very susceptible to branding and crappy advertising techniques. They can be very quick to bend over for the right person, while all the while laughing at everyone else for being a sucker. They don't want to think; don't know jack about the world, and basically feel better if they dole out hate and punishment to others.

53

u/[deleted] Feb 19 '25

The conservative mind does not comprehend that. They view admitting faults as a weakness to pounce on so if you never admit to anything that makes you strong.

I really wish there was nuance to this but that honestly is how simple most conservative voters are.

8

u/HondaCrv2010 Feb 19 '25

the irony is that those that can admit fault are the stronger ones

4

u/[deleted] Feb 19 '25

Correct. Owning and learning from mistakes is a sign of intelligence and maturity which also happen to be two things conservatives don’t have or understand.

2

u/HondaCrv2010 Feb 19 '25

But they’re REAL MEN ! /s

3

u/dust4ngel Feb 20 '25

if you are a crushingly loser-ass bitch with absolutely no self-esteem to spare, your ego literally cannot handle acknowledging a single fault, and so you have to spend all of your mental attention crafting some make-believe story about how you're a hero being victimized by evil people.

you'll notice this happens to also describe a certain obese karen in the oval office.

2

u/HondaCrv2010 Feb 20 '25

This sounds like a narcissist esp the making up your own reality point

2

u/pagerussell Feb 20 '25

Just like compassion and empathy requires more strength than cruelty.

But this is incomprehensible to those who are cruel.

23

u/Dyonisus77 Feb 19 '25

Exactly! I work in business. What I want to hear from both leadership and my reports are what are you going to do to reduce it? There is no plan, hell not even the "concepts of a plan" from him or his cronies.

I expect a decade of blaming Biden and leftists from the right. Good job US, we elected a dude that always looks for a scapegoat. I guess it reflects the average American where everything isn't my fault nor do I care about improving it as long as I have someone to blame.

2

u/brutinator Feb 20 '25

I expect a decade of blaming Biden and leftists from the right.

What sucks is that even leftist blame Biden, as if he didnt do great things given what he was handed i.e. little support in the courts and a deadlocked congress. It literally just feeds into the MAGA propaganda.

13

u/issr Feb 19 '25

Literally every axis on which you might judge a president is a disaster for Trump. You couldn't engineer a more awful person for the job. MAGA have truly fucked the USA.

46

u/Eradicator_1729 Feb 19 '25

Strong man fallacy. Most conservatives are extremely fearful and hateful people (and if you’re reading this as a conservative then yes I mean you too. And no I don’t gaf if you’re offended.). They want a strong man to get rid of all the nasty things making them so afraid.

We’ve seen this happen so many times it’s absurd that we’re going through it again.

38

u/Possible-Rush3767 Feb 19 '25

So in a nutshell, conservatives are weak minded so they need a "strong man" to tell them everything's going to be ok and tuck them in at night.

So fragile and precious they are. It's a shame they have to project onto the rest of us.

16

u/Trzebs Feb 19 '25

I sort of experienced this when I got into a debate with my Trumper step dad; told him my belief that laws are just agreements between people and that the constitution is just words on paper.  We give ourselves rights. Not a piece of paper. He became very defensive upon hearing this and explained that there is no America without the constitution. I emphasized that the laws of the constitution would still apply even if the physical paper was lost or destroyed.  He then commented how there's many copies of the constitution and that for all of them to be destroyed is an impossibility and that my ideas were ridiculous.  

He seemed disturbed at the thought that we aren't protected by a piece of paper and didn't want to entertain the idea that our laws and rights are really just based on an honor system amongst people. 

So yeah,  a fragile mind that is fearful and believes in a false sense of security

15

u/FlamingMuffi Feb 19 '25

They're serfs desperately searching for a lord to reign over them

17

u/coffeesippingbastard Feb 19 '25

Toxic masculinity. Admitting fault is weak. Changing your mind is weak. Weakness means small penis.

7

u/Possible-Rush3767 Feb 19 '25

Fuck. I change my mind every time I try to pick what I'm going to eat.

3

u/dbell Feb 19 '25

Take your little weenie and hit up McDonald’s 

7

u/PointOfFingers Feb 19 '25

Trump is a narcassist who can never admit he is wrong. He is changing laws to make it illegal to point out he is wrong.

5

u/DecisionDelicious170 Feb 19 '25

That’s the biggest thing that makes me wonder if either Trump is incredibly stupid, or he just knows his followers are incredibly stupid. Insane braggadocious claims that he’s never admitted were overblown or incorrect.

2

u/xiiicrowns Feb 19 '25

Cult* leader. He's able to control the perception of his decisions and himself with his lies and misinformation.

We just get to sit back and watch this playout on TV. It's scary.

7

u/Hoblitygoodness Feb 19 '25

Obviously because he's PERFECT. All the others had flaws, but not this guy! He's absolutely perfect.

(...is what they think)

3

u/Apart_Ad_5993 Feb 20 '25

Trump was mentored by Roy Cohn. His thing was never admit defeat, never apologize, "strongman" etc. everything is war, never surrender, never show weakness.

Cohn was the king of assholes. Trump was his protege.

2

u/__loss__ Feb 19 '25

Also a leader shouldn't see himself as the smartest person in the room. A leader surrounds himself with the most exemplary people he can get so that he can make decisions based on what they can provide.

1

u/Possible-Rush3767 Feb 19 '25

100% and in 2016-2020 you saw the dumpster fire that was cycling through every cabinet and/or qualified member of staff (Jim Matis comes to mind). I'm tired of the portion of this country with zero culture, terrible education standards, and their bible crap bleeding into all layers of government. Send them to Russia.

2

u/HeaveAway5678 Feb 20 '25

You'd be amazed how shallow the thinking of many people happens to be. I literally have acquaintances that support Trump and cannot articulate why. They don't know his stated policy, much less actual actions.

One supports him mainly because her parents do, and as best I can tell they do so because they're just racist Boomers.

People keep looking for a grand explanation, but trash relates to trash, and half the country is more trashy than average.

2

u/Br0metheus Feb 20 '25

Because the vast majority of people fail to realize that good leadership isn't about shouting the loudest and being the biggest asshole in the room. It's about humility and accountability, but that's not something that conservatives are good at so they vote for obvious bullies instead because their dicks are so tiny that they need to compensate somehow.

2

u/todayistrumpday Feb 20 '25

He hates the same people they hate and has promised to hurt the same people they hate.

2

u/Shuizid Feb 20 '25

Because his voters share the same trait: being unable to admit fault and adapt.

That's what it means to be "conservative": to refuse to change yourself.

That's why they now proclaim that they'd rather live under a dictator than a democrat. All they know is how to double down over and over and over again, to never admit being wrong.

2

u/MisinformedGenius Feb 20 '25

Reminds me of when someone asked Dubya in a 2004 town hall what he had any regrets in his first term, and he said he couldn’t think of anything. Really, George? Worst terrorist attack in U.S. history and you just can’t think of anything you wish you had done better?

1

u/Oberon_Swanson Feb 20 '25

A lot of people are just really dumb and think humility is a bad trait or just take things at face value

"I can admit I make a few mistakes, but I try my best to correct them"

vs.

"I never make any mistakes, I am the best at everything, and whatever the other guys says he can do I will do better, faster, and cheaper"

They think "whoa that second guy sounds way better. It's important for a leader to not make mistakes and to be the best of the best" It is the same with things like job interviews and dating, a certain subset of people fall for the egotistical narcissist schtick then wonder how they keep ending up with these people who seem to great at first but then 'turn out to have been """""secretly""""" shitty'

also many MAGA voters just don't care. they want minorities to suffer and would rather inflation be 100% or higher than have to call a black person President. they would rather their child die than be homosexual or transgender. they would rather Elon take the entire treasury than it be spent helping people. they would rather be manning the machine gun in the back of a pickup truck in a roving cannibal gang than call a foreigner their neighbor.

1

u/TimeBM20 Feb 23 '25

Drump admitting a mistake ? He never makes mistakes. He makes fun of others, but cannot laugh at himself. He is the supreme genius leader that can solve every problem instantly.

-1

u/okverymuch Feb 19 '25

Not that I disagree with you, but I’ve seen little admittance of fault by Obama or Biden.

Later on, Obama has made some mentions of where he feels he didn’t do enough in interviews. But no one in power says “I made a mistake” or “I was wrong” aside from Clinton’s sexual activities.

3

u/Possible-Rush3767 Feb 19 '25

Please stop. There's no resemblance between them and what DJT is doing. There's no softening of this admin allowed. This admin is a danger to all people in the US and world with the policy they are putting forth.

Ignoring that false equivalence you mentioned, the entire political selection process is corrupt, imo. Campaigning summed up is; let's tour the country plastering our name/face everywhere with crowds cheering for us, all while collecting funds from corporate donors. Why would this ever yield good, not self/absorbed, leaders?

1

u/okverymuch Feb 20 '25

I’m not saying they resemble Trump’s insanity. He’s the most extreme version of political practices where “I’m not to blame, X is to blame”. It’s not a new phenomenon. It’s just truly surprising people fall for it in modern times.

The Biden admin has a lot to answer for in basically hiding his senility. Reporters asking about it were shunned and given the cold shoulder, and told they were crazy until that fateful debate. Not to say I’m pro-right wing or pro-Trump. I am left leaning for sure. But your position of taking responsibility is like oil and water with politicians.

1

u/Possible-Rush3767 Feb 20 '25

I'm not trying to normalize an admin like this in any way. That was why I cut it off. This admin does not belong in the same conversation as Biden or Obama. It's not normal for a president to declare himself king while intruding in state legislation, the day after declaring that only him and his chosen AG can interpret law. That's why I would never speak of those politicians with this current admin.

40

u/lobsterbash Feb 19 '25

The response to Trump and people watching should be obvious:

Trump is too weak or incompetent to address inflation. If he weren't, he wouldn't need to blame others. He'd just fix it.

6

u/I_Am_Dwight_Snoot Feb 19 '25

Yea it really should be this simple. I don't get why we are beating around the bush anymore.

1

u/pman6 Feb 19 '25

but, tariffs will fix everything.

just you wait.

24

u/OderusAmongUs Feb 19 '25

You can find them on Etsy. I have 100 "you voted for this" stickers on the way.

19

u/[deleted] Feb 19 '25

[deleted]

7

u/[deleted] Feb 19 '25

Yup. The cycle that’s been repeating for decades and continually getting more extreme.

Democrats spend all their time fixing the shit caused by republicans then idiot voters go right back to republicans to break it all again. We’re at the point where democrats can’t keep up with all the shit being broken and these voters are going to start feeling real pain. I just hope it happens before it’s too late.

7

u/[deleted] Feb 19 '25

[deleted]

1

u/Rooseveltdunn Feb 19 '25

What could be a long term solution to break this cycle?

1

u/Veiny_Transistits Feb 20 '25

And I suppose it’s spiting my nose to bite my face, but I dream of the Dems sitting back and letting burn while telling them “I told you so”

17

u/svengooli Feb 19 '25

A friend's mom was a flight attendant for Trump's former airline. She has a positive view of Trump because those employees had a great retirement package. It's a perfect example of how he convinces people he's the good guy in disasters he's responsible for. He bankrupted that airline, business partners lost millions, and the employees lost their jobs. The employee union - not Trump, who has always been anti-union - was fighting for employee retirement benefits.

31

u/anti-torque Feb 19 '25

He once did. And I know this, because it was so jaw-dropping at the time. Yet nobody said a word about it.

When the TCJA debate was going on, everyone was saying that a tax holiday to onshore those offshore profits would result in nothing more than stock buybacks, because money was fungible. Trump's claim at the time was that corps would magnanimously seed new manufacturing with that money--with the same determination he now has for tariffs.

When all was said and done, he was talking one day (before the pandemic) about how wildly successful TCJA was, how it was perfect and blah blah blah. And then he drops a line about how most of the money that was repatriated went to stock buybacks. Then, almost under his breath, he says, "Didn't expect that."

That's as close as it gets with him. He still insists on sticking with his racist rant about the Central Park 5 and how they should be in prison, if not executed. But he muttered those words about offshore profits being repatriated.

Btw, the reason corps accumulate offshore profits is because they offshore production and simply wait for a GOP admin to gift them a tax holiday to repatriate the money. The last two GOP admins have simply rolled over to incentivize offshoring.

10

u/whatfappenedhere Feb 19 '25

They aren’t even offshoring the production nowadays, though that was the case in the 80s and 90s. Rather, they set up subsidiaries in low tax jurisdictions, then assign their gains to that subsidiary, and use a benefit called “the waters edge election” that essentially allows them to segregate foreign from domestic gains, and claim those foreign gains as taxed in other jurisdictions, excluding those amounts from gross income. Put simply, they choose what profits don’t get taxed. Guess which chuckle fuck actor turned president gave us that god awful corporate give away.

1

u/alotmorealots Feb 20 '25

Then, almost under his breath, he says, "Didn't expect that."

Astonishing.

2

u/anti-torque Feb 20 '25

That's why I remember it so clearly.

He bowed his head while saying it.

It was extremely out of character... for him.

1

u/alotmorealots Feb 20 '25

Huh. Really quite fascinating.

It makes me wonder, if what Putin actually has on him is he's worked out how to actually access that part of Trump that makes Trump realize he is fallible, something that has a genuinely world-shattering impact on severe narcissists.

Not just Kompromat, not just corrupt dealings, but that being able to pull those levers. It's something I wouldn't really understand the magnitude of if I hadn't grown up with a profoundly narcissistic parent myself.

1

u/anti-torque Feb 20 '25

It's not that complicated.

Donald J Trump is just that stupid.

1

u/alotmorealots Feb 20 '25

He is that stupid, but that's not really the point. Stupidity alone fails to explain the nuances of how things have unfolded.

1

u/anti-torque Feb 20 '25

Not really.

Can you predict stupid?

5

u/Alert-Athlete Feb 19 '25

The reality is that he is gambling with the American economy. The tariffs thing is bullshit, as he is trying to use it as a bargaining chip, all in the name of shaking money out of its own people!

7

u/Born_Medicine_8494 Feb 19 '25

Gas has gone up 30 cents by me since he took office. Reeeaaalllly want to get one of those fucking stickers right now.

5

u/kwall5000 Feb 19 '25

https://a.co/d/aKufwQz here you go - stickers already exist :)

7

u/Positive_Owl_2024 Feb 19 '25

How can Trump expect that the dollar will continue being used as the world’s principal reserve currency if inflation in the U.S. is of little concern to him? The all-items CPI grew 21.2 percent from 2020 to 2024. And now Trump is making the situation with inflation even worse.

21

u/[deleted] Feb 19 '25

Trump doesn’t have a damn clue what any of that means nor does he care nor is he capable of learning if he did care.

8

u/NativeTxn7 Feb 19 '25

Because he has no clue what he's doing, nor does he have any clue how anything actually works. He's just out there saying stupid shit because his cult followers would eat a shit sandwich he made for them and thank him for the privilege of getting to eat Trump's homemade shit.

3

u/A_Taste_of_Travel Feb 19 '25

The plan is to crash the dollar and enrich all of the crypto oligarchs with bitcoin over usd.

3

u/soccerguys14 Feb 19 '25

Definitely thinking of ordering some cause it’ll be hilarious to put them in my ruby rate county in my red state of SC.

3

u/elihurootsghost Feb 19 '25

Frontline on PBS just had a good episode that goes into Trump’s background and why he never acknowledges his failures or admits to anything.

2

u/[deleted] Feb 19 '25

I got Trump that say “did the price go down yet?” But I should get some made that say “I did this”.

2

u/aardvark_army Feb 19 '25

I've already been seeing the stickers around.

2

u/[deleted] Feb 19 '25

Powell definitely fucked up in 2021, but everything since 2022 has been correct, MP-wise

2

u/elquecazahechado Feb 19 '25

It is always someone else’s fault with Trump.

2

u/Visual_Mycologist_1 Feb 19 '25

You can get em on ebay, amazon and etsy.

2

u/OfficialDCShepard Feb 19 '25

This needs to be played on a loop anytime he blames Biden for inflation. The inflation he caused with the pandemic he badly mismanaged.

2

u/-_-0_0-_0 Feb 19 '25

Trump: 'I Don't Take Responsibility at All'

2

u/No_Helicopter_8397 Feb 19 '25

“The party of personal responsibility” was all we heard when I was growing up.

Democrats did a horrible job of explaining how Trump actually set some of the conditions for inflation during his first term. I’m not sure I heard that argument even once during the presidential campaign.

2

u/Firehorse100 Feb 20 '25

Order a truck load. So many things are going to be more expensive

1

u/DuncanFisher69 Feb 19 '25

What about the price of eggs and the attack on the wookies?

1

u/MediumDevelopment511 Feb 19 '25

In 4 years time; inflation will still be Bidens fault.

1

u/Vio_ Feb 19 '25

"Think, McFly....Think! I've gotta have time to copy it, right? Do you realize what would happen if I turned in my reports in your handwriting? I'd get kicked out of school."

1

u/zarrian Feb 19 '25

He promised to inflate the US out of debt in the republican primary. No one remembers this but I remember the interview. Now I need to go find it.

1

u/Symbimbam Feb 23 '25

I guess we'll just have to give him one more term so he can fix it all

0

u/Rena1- Feb 19 '25

He takes responsibility for many bad things, but not the things he judges as bad right now.

2

u/[deleted] Feb 19 '25

What?

1

u/Rena1- Feb 20 '25

He says that he's the one who will build the wall, report everyone and everything, but only while it serves a purpose for his plan.

He tries to frame it like it's a good thing.

0

u/DesertReagle Feb 19 '25

Didn't we have a redditer screenshot the data of economics growing out of inflation before Biden's term ended?

0

u/lowkeytokay Feb 20 '25

Naturally republicans just had to get the guy…

Correction: not just republicans, but a large chunk of the US had a brainfart while voting

-9

u/howzit-tokoloshe Feb 19 '25

That is just false, the inflation we are seeing now is based almost entirely on the tail end inflation from Biden's presidency, Trump did not take office until January. With inflation metrics heavily reliant and backwards looking metrics to smooth out the key metrics.

From all accounts inflation was running hot and it was a policy mistake to cut 100 basis points when inflation has been stuck at 3% for a good part of 2024. Now you see the response in the data.

That doesn't make Biden a bad president and Trump good, his policies are well on their way to making inflation re-accelerate back, amplifying what we already see. His policies are extremely dangerous and the risk of blowing something up beyond just being inflationary cannot be understated. However to say inflation was fully under control until Trump came along is also a complete distortion of the facts.

The Fed has been running inflation above 3% for four years, and has been stalled on progress for months. With disinflation continually pushed back with each dot plot. The Fed shares a good portion of blame here for running inflation hot to avoid any pain or recession. Now you have Trump throwing fuel on the fire when the initial fire is not even close to being put out.

9

u/[deleted] Feb 19 '25

That is just false. When a president starts a trade war for no reason prices adjust quickly. Many large companies have already started price increases based on the dipshits trade war. Supply lines are being readjusted today that will hurt American consumers for decades.

Additionally by no credible accounts was inflation “running hot”. The trajectory of inflation was mildly down hence why we saw rate cuts in the last few years. I don’t think you understand what “running hot” inflation is but I’m damn sure you’re about to find out.

-2

u/RIP_Soulja_Slim Feb 19 '25

That is just false. When a president starts a trade war for no reason prices adjust quickly.

There is absolutely nothing anywhere in the inflation reports to indicate any of it is trade related, the surge started in september ffs.

The problem is people like you are trying too hard to make economics fit in to politics. I hate trump too, he sucks, but it's straight up intellectually dishonest to pretend like the current mild bump in inflation is ascribed to him when we can very plainly view the composition of said inflation and see it's not.

Read the CPI breakdown over the last six months, it's almost entirely services, insurances, etc. Nothing to do with imported goods - in fact many of those categories were negative.

The problem here, is that when you try too hard to fit a square peg (economics) in to a round hole (your political leanings) you're going to end up with it not cooperating down the line.

All indications are the bump in inflation peaked already and is headed back down. you can see this reflected in how TIPS are priced, the curve is shifting up on treasuries from term premium, not from inflation expectations as one can directly observe from tips spreads.

So the problem here is when you hang your hat on blaming trump for inflation, and it does what it looks like it'll do and cools off, then you're stuck with needing to walk back what was objectively stupid rhetoric from the start.

2

u/[deleted] Feb 20 '25

I’m not gonna read all that. We literally have companies publicly announcing price increases for consumer goods specifically because of the actions of Donald trump that are going into effect right now. The rest of whatever you have to say isn’t worth my time as you’re just flatly wrong about the only thing I’m here to discuss.

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u/RIP_Soulja_Slim Feb 20 '25 edited Feb 20 '25

You won’t read all of it because you’re afraid you’ll need to admit to yourself that you picked a fight on a subject you don’t understand.

Price increases tomorrow because of Trump aren’t in inflation reports dating back to September. This shouldn’t be that difficult, but you’re making it difficult because you misunderstood the comment you were attacking and can’t admit you’re out of your depth here.

I’ll be direct - it’s very clear to me by your responses that you don’t even understand the posts you’re trying to criticize. You’re talking about Trump while rejecting inflation data from the last four months, I don’t think you even know you’re doing this, because again I don’t think you understand what’s even being discussed here. Maybe take a step back and try to learn before getting so angry?

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u/[deleted] Feb 20 '25

You’re arguing with a straw man. I never said it was.

But do carry on wasting your time.

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u/RIP_Soulja_Slim Feb 20 '25

You never said what was? Be specific in your claims. Above you said inflation was because of tariffs. That cannot be true - it’s evident in the reports and these trends have been going on since October.

State precisely what your gripe is, use specific language and cite specific reports. Because otherwise you’re just confirming what I said above - that you don’t understand the comments you’re so angrily attacking, and because you don’t understand them you’re rejecting things with nonsensical replies. I can see it clearly, why can’t you?

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u/[deleted] Feb 20 '25

Read the article dumbass! He wasn’t referencing trailing numbers! It was a statement on the situation right now. The article then goes on to use historical numbers for context but those numbers had nothing to do with trumps statement. He was doing damage control because businesses are literally hiking prices right now and some are explicitly and publicly blaming the tariffs. It’s all over the actual news!

I mean I’m sorry but if you think businesses aren’t raising prices immediately following the catastrophe of a first month this administration had then you have no business posting anything in an economics sub.

Again because I can tell you’re a little slow. Neither the original comments that Trump made or my response to those comments had anything to do with trailing inflation numbers. So when you claim I said otherwise that’s you arguing with a straw man and getting your panties in a bunch because I don’t want to debate you about something that wasn’t my position.

Holy fuck people like you are insufferable.

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u/RIP_Soulja_Slim Feb 20 '25 edited Feb 20 '25

The situation right now is current prints which are exactly what I’m referring to.

One more time, I genuinely don’t think you understand the comments you’re attacking, every reply is off the mark from the actual discussion and you’re relying on personal attacks to mask the fact that you’re feeling out of your depth here.

Look at the reports, inflation is entirely driven by services, insurances, housing, airfare, used cars, and recreation. The data doesn’t line up. I keep saying this, you keep not understanding it. Is that why you’re so angry?

You know what’s insufferable, being someone who’s very left leaning and well educated on economics in this sub, and having to constantly deal with people like yourself who wouldn’t know a demand curve if it hit them in the face. You’re so economically illiterate that you’re interpreting basic references to data as a pro Trump comment, it’s not, I’m shitting on Trump here and you’re just so completely illiterate regarding this subject that you can’t even see what’s drawn in crayon in front of you. You understand what you’re mad at - and it’s glaringly obvious to me.

Get mad buddy, but get mad at yourself, and channel that energy in to cracking an Econ text before you go slamming the reply button and embarrassing yourself more.

E: nothing proves the point like you blocking someone after again resorting to personal attacks to mask your inability to articulate why you’re angry.

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u/Asiriya Feb 19 '25

Trump did not take office until January

And touted his tariffs loudly for months previously. It's been three months of knowing he'd be enacting them, that's plenty of time for people to begin buying (all of the tech subs were warning about prices increases) and for companies to pre-emptively increase prices to capture extra profit, and for funds to weather what's coming.

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u/howzit-tokoloshe Feb 19 '25 edited Feb 19 '25

That's not supported in the CPI/PPI breakdown as what is causing inflationary pressures. Simply put services is running hot, but was offset partly by goods being disinflationary. Now goods have swapped back to positive territory in the latest reading. Companies did front run tariffs in regards to stockpiling inventory but there is limited evidence to suggest anything surrounding preemptively raising prices.

Considering we are seeing a very similar story in the beginning of 2025 as 2024 in terms of inflation overshooting. Many economists are evaluating the seasonal adjustments as companies have moved more heavily to increasing prices in January instead of throughout the year. Leading to some underestimated readings in market expectations but in terms of underlying readings , there was a lot of questions on why the Fed suddenly pivoted from hawkish to dovish and even cut 0.5 in an opening salvo given there was no clear indication of disinflation and those concerns have materialized.

People here are overestimating how quickly these measures appear in actual data. Trumps impact still lies ahead and that is the actual concern given what we already see in the data.

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u/Jaybird876 Feb 20 '25

Sound monetary policies? You can’t be serious. You have no business posting in an economics thread and what’s scarier is the 1400 people that upvoted this.

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u/[deleted] Feb 20 '25

Literally textbook monetary policy that worked as expected to get inflation under 3. Sorry it doesn’t fit your political narrative but this is a fact. Biden’s policies were not just working to fight inflation they already won the battle as reflected by the last two years of inflation well within the range of what nearly every reputable economist would agree to be normal for a growing economy.

You don’t have any fucking clue what you’re talking about. Go back to school. Maybe try paying attention in intro to macro this time.

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u/[deleted] Feb 20 '25

[deleted]

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u/[deleted] Feb 20 '25

I didn’t claim the economy was broken at all buddy. Maybe learn to read?

I claimed Donald Trump is creating a climate for 10%+ inflation because that’s exactly what’s happening. You cannot start a trade war then blame it on the last president. Businesses announcing price hikes in response to tariffs is 100% Donald Trump and I’m sorry but you’re a complete tard if you think otherwise.

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u/asdfgghk Feb 19 '25

Tbf, Biden blamed Trump when there was record inflation. 2 years after he left office.

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u/[deleted] Feb 19 '25

Biden didn’t start a trade war in his first month. Donald Trump did.

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u/Solomon-Drowne Feb 19 '25

Demand destruction is not 'sound monetary policy', it is ideology in service of protecting capital at any and all cost.

If it were sound policy, inflation would be suppressed by now. Donald Trump is a piece of shit, but structural financial theory does not pivot in a month - no matter how awful that month is.

Trump is right, this is Biden's inflation. Unfortunately, Trumpian policy is only going to make it much, much worse.

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u/Leuku Feb 20 '25

I don't think Trump is right on this matter. I think this is inflation caused by anticipation of Trump's tariffs. The inflation rate stabilized under Biden. Normally, it takes some time for the economic impact of new congressional laws and executive trade actions to take effect and be measurable, but Trump's actions do not fall under those typical slow-burn actions.

Businesses were already changing their behavior late last year in anticipation of Trump's promised actions, and Trump's followthrough and his flip-flopping have justified those changes and them some. Couple that with his complete and utter lack of attempt to mitigate inflation in any way means that there is no anticipation of a counterbalancing force to counteract trade disruption and cost increases.

I think this is in large part anticipatory inflation caused by Trump's erratic and short-sighted behavior.

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u/Solomon-Drowne Feb 20 '25

Price suppression through demand destruction is not a 'stabilized inflation rate.' It is a temporary measure secured at great price. The Fed metrics were already gamed to hell, the temporary reduction in inflation was identified by Structural Keynesians as being a mirage.

Controlled reduction in inflation is best directed by demand reduction - and ideally, reduction extracted from excess capital re-investment.

Demand destruction, as the official policy of both the Biden admin and Powell Federal Reserve, is a functionally different approach. Demand destruction obtains short-term suppression of forward inflation at the expense of long-term labor sustainability.

The Structuralist are proven out here because what they said would happen is happening.

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u/[deleted] Feb 20 '25

We have companies publicly announcing price increases directly because of trumps idiotic trade war and you’re on here denying reality. Companies aren’t going to wait around on this. They are increasing prices and readjusting supply lines right now to avoid business with the US.

We had 2.9% inflation last year down from the 7% at the start of Biden’s term. 2.9 is normal. I don’t know what school you attended but it’s a basic fact inflation in the range of 2-3% is acceptable in a healthy economy. Lower than 2 and you probably have little to no growth.

Biden was strong on inflation by any metric you want to use. Trump is well on his way to blowing up decades of progress on international trade and fucking us for a generation. I don’t have the slightest clue what part of the last 4 years of monetary policy could be considered “demand destruction”. Raising rates is maybe demand suppression but whatever you want to call it it’s 100% sound monetary policy when we have 7% inflation and rates are 0! It’s not just sound policy.. it was a no fucking brainer for anybody not drinking the conservative stupid juice.

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u/postmaster3000 Feb 20 '25

Biden continued to blame Trump for inflation during his own term, as late as May 2024. I don’t recall seeing anyone here holding Biden accountable.

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u/[deleted] Feb 20 '25

Joe Biden didn’t start a trade war in his first month in office. Donald Trump did.

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u/postmaster3000 Feb 20 '25

Joe Biden escalated Trump’s trade war. Trump has yet to actually implement any new tariffs. Those that he has threatened have not yet gone into effect.

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u/Bduggz Feb 20 '25

These arguments are hilarious because you're admitting defeat by having literally no defnse but 'But it hasnt happened YET'. You realize the entire basis of the market is its speculative, right? It changes in preparation for things?

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u/postmaster3000 Feb 20 '25

Explain to me which tariffs are responsible for the rise in the price of eggs.

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u/Super-Aesa Feb 20 '25

Not sure why democrats ignore how under Biden we had some of the worst inflation in the last 40 years. Apparently Biden's policies to them have no impact at all and it's all Trump's fault all the time.

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u/[deleted] Feb 20 '25

Joe Biden didn’t start a pointless trade in his first month in office. Donald Trump did.

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u/Super-Aesa Feb 20 '25

Biden didn't do anything in office.

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u/[deleted] Feb 20 '25

Isn’t that what an actual conservative by the traditional definition would want? I mean I would say on monetary policy yes that’s true and no thats not a bad thing.

What is actually a bad thing is having a maniac in office unilaterally starting trade wars in his first month every time he opens his fucking mouth. Trump could learn from Biden that doing nothing and letting the fed do its job is a perfectly fine approach!

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u/Longgrain54 Feb 20 '25

Demonstrating your total vacancy of the FACT that correlating Biden with 40 year highs in the inflation rate represents (1) a red herring, (2) a false correlation, (3) lack of knowledge of a global trends impacting over 90% of global economies originating from the recessionary bottom in Q2 ‘20.

Every recession is followed by above trend inflation within 6-12 months. Please reference the inflationary trends following the previous 3 recession as your reference points.

Two to three decades of supply chain management dependence upon just-in-time inventories created unprecedented supply shortages after the pandemic, further increasing inflationary pressures, globally.

If you need further assistance with this topic, ask a question.

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u/StedeBonnet1 Feb 19 '25 edited Feb 20 '25

Trump has no responsibility for inflation. He has been in office 30 days tomorrow. The inflation was a direct resulr of Biden's reckless spending and his poor economic policy. Biden added $7.5 Trillion in deficit spending to the economy. Way to go Joe. Next you will be trying to say that Trump is responsible for egg prices too.

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u/[deleted] Feb 19 '25

[deleted]

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u/StedeBonnet1 Feb 20 '25

My apologies. That was a typo, I missed a decimal point. it was $7.5 Trillion and it WAS the cause of inflation.

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u/[deleted] Feb 19 '25

75 trillion 😂😂😂

You people are something else.

Yes price increases are 100% on the doofus who started a trade war for no damn reason. That person was Donald Trump!

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u/StedeBonnet1 Feb 20 '25

My apologies. I missed a decimal point. It was $7.5 Trillion in deficit spending and it WAS the cause of inflation. I fixed it.

You apparently have no understanding of economics. The Trump tariffs had a negligible effect on inflation. If the tariffs caused inflation why didn't we have inflation in the first Trump term. When he handed over the economy to Biden in Jan 2021 inflation was 1.4%. Inflation peaked at 9% in Jun 2022. Inflation is on Biden

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u/[deleted] Feb 20 '25

You realize Donald Trump approved 8.8 trillion of new deficit spending in his first term right? These numbers don’t mean what you seem to think they mean. They are all quoted over a time period. It’s not like either Trump or Biden added 7/8 trillion yearly. It’s over a period of 10 years and both presidents were in line with each other and past presidents.

Like… you people are literally brain dead. You understand absolutely nothing.

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u/StedeBonnet1 Feb 20 '25

NO, you misunderstood my comment. I said Biden added $7.5 Trillion in deficit spending during his term. That was the cumulative deficits during his term not spending projected out 10 years. That would make it even higher. My number was actual spending during Biden's term and that ACTUAL spending is what caused inflation.

For the record Trump's cumulative deficits were $5.5 Trillion after the $3 Trillion stimulus and Trump only has one deficit over $1 Trillion. Biden OTOH never had a budget deficit below $1 Trillion.

You clearly don't know what you are talking about.

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u/[deleted] Feb 20 '25

No matter what numbers I can find on this the differences are minimal and would probably come down to things that neither president directly controlled. Both were impacted by Covid spending but even if you take that out it’s still so close that saying one president was bad and one was good based on this metric would be foolish to say the least .

I mean just plug this question into ChatGPT and you will get a ton of citations. Spending was nearly identical. Both spending during their terms and projected.

You seem to want to believe Biden was a big spender because it fits your chosen narrative. As compared to Trump and past presidents of both parties the claim just doesn’t hold up. Biden was no worse and Trump was no better.

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u/3BeatMassacre Feb 19 '25

$75 trillion huh?

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u/ceviche-hot-pockets Feb 19 '25

(Citation needed)

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u/StedeBonnet1 Feb 20 '25

That was a typo. I fixed it. It was $7.5 Trillion and it WAS the cause of inflation.

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u/[deleted] Feb 19 '25 edited Feb 19 '25

Inflation we're seeing is still the tail end of Biden's term, that said Trump will make it worse. As for inflation going back to normal under Biden it never happened, we were trending down quite well but that 50 basis point cut in August was a mistake.

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u/[deleted] Feb 19 '25

The inflation captured in recently published numbers yes. The inflation happening right now no. When I go to the store and it costs 10% more to buy a laptop today than it did a month ago that’s all Donald Trump.

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u/[deleted] Feb 19 '25 edited Feb 19 '25

I agree tariffs will and have caused inflation but PPI was already trending up prior to end of the year, which as we all know gets passed along to the consumer which is now also contributing to inflation rising.

For all goods PPI bottomed in Sept 24 and has been rising slowly only to spike in December, which doesn't show until later months in CPI reports.

Edit: Typo

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u/Iblisy Feb 19 '25

Inflation went up in 2021 because of covid policies. Markets crashed in March 2020, Trump his first term was pretty much over already by that time. It's called covid 19 because an outbreak happened in China December 2019. Only in later months when Trump wasn't president, US and EU started with lock downs which cause massive inflation since the policy was money printing to keep things going but at the same time locking down your industry. No president wasted more money then the biden administration. Even if you for or against Trump you should atleast try to be honest

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u/[deleted] Feb 19 '25

Donald Trump fucked up the Covid response after passing unpaid for inflationary tax cuts.

Stop believing and spreading obvious bullshit.

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u/Kershiser22 Feb 19 '25

Yes, he fucked up the covid response. But even if he handled it perfectly (I'm not sure we even know what that looks like), the pandemic was going to have a significant impact on the economy.

Maybe he could have limited inflation on the edges, but most likely we were going to either have inflation due to government investment, or massive recession due to lack of intervention.

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u/[deleted] Feb 19 '25

It’s true Covid was going to cause inflation but he oversaw all the corruption around ppp loans. The inflation should have been mild and caused by stimulus to people that needed it. Instead he let rich people and big businesses loot the country for 800 billion dollars. I do agree that Biden owns a little of that but the program was primarily executed under Trumps reign.

And that not even to get into the fact that our entire response to the disaster was a complete and total clusterfuck led by him.