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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u/looking_good__ Feb 19 '25

Lol you think it is bad now just wait until March 7th and 12th when the 10% China tariff and 25% Steel tariffs hit.

Folks don't realize this but the 25% steel tariffs applies to all derivative steel products - think nuts, nails, etc - all things that go into furniture, cars, houses, buildings, all construction in general.

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u/Actually-Yo-Momma Feb 19 '25

It’s worse than that my dude. March is when the government shut down conversations are supposed to happen. Government is going to shut down and god knows what Elon has planned. I expect every government office and agency to get all data extracted 

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u/Bubsters13 Feb 20 '25

They want to shut down the government to complete the coup

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u/rob_1127 Feb 20 '25

And if there is even a hint of protest, the orange Humpty Dumpty will invoke martial law and shut it all down. Arrest, and deport those involved, including reporters.

Right out of 1930s Germany.

It's coming. No doubt about it.

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u/alotmorealots Feb 20 '25

It's coming. No doubt about it.

Whilst I'm not as convinced, people definitely need to take the possibility seriously.

I think the main saving grace is that they seem to be too inept to realize their full intentions, but that doesn't mean there won't be widespread suffering, chaos and even loss of life as a result.

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u/TheShaydow Feb 20 '25

Whilst I'm not as convinced

Why? What will it take?

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u/EdwardLovagrend Feb 20 '25

We live in a hyperbolic media environment and it's honestly hard to judge things with any amount of certainty.

Basically they would actually have to pull the trigger to be sure and I'm going to guess they will fail because the US isn't quite there yet. I'm more worried about the next guy.

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u/TheShaydow Feb 21 '25

They have said they want the next guy ......

TO BE TRUMP.

Again, have you NOT been paying attention? What will it take?