bhaugen
bhaugen boosted

"Right now, the U.S. economy has a lot in common with Wile E. Coyote.

Like the hapless Looney Tunes predator, Donald Trump’s economy went charging off a cliff after his April 2 'Liberation Day' tariffs, which—despite endless tweaks, revisions, abrupt extensions, and equally abrupt reversals—are gradually settling into a new status quo in which the costs of global trade are far higher than before."

~ A. Egger

#Trump #economy #tariffs #inflation #prices #groceries
/5

https://www.thebulwark.com/p/trump-tariff-pain-knocking-at-your-door

"Right now, the U.S. economy has a lot in common with Wile E. Coyote.

Like the hapless Looney Tunes predator, Donald Trump’s economy went charging off a cliff after his April 2 'Liberation Day' tariffs, which—despite endless tweaks, revisions, abrupt extensions, and equally abrupt reversals—are gradually settling into a new status quo in which the costs of global trade are far higher than before."

~ A. Egger

#Trump #economy #tariffs #inflation #prices #groceries
/5

https://www.thebulwark.com/p/trump-tariff-pain-knocking-at-your-door

"Inflation came in higher than expected in TWO inflation reports this week. Prices are rising. Trump’s has re-ignited inflation - on purpose. Higher prices, the new tariffs, economic uncertainty have slowed the economy and job growth has stalled. Due to the big ugly bill ACA premium estimates for next year have skyrocketed."

~ Simon Rosenberg

#Trump #economy #tariffs #inflation #prices #groceries
/3

https://www.hopiumchronicles.com/p/newsom-leads-trump-betrays-a-new

"Wholesale prices for fresh veggies soared by a record amount last month, foreshadowing a possible spike at the grocery store soon. ...

The Producer Price Index (PPI) for July rose at the fastest clip in three years, far more than economists expected."

~ Ben Berkowitz

N.B. My linking to a particular platform or publisher does not constitute endorsement of that platform or publisher.

#Trump #economy #tariffs #inflation #prices #groceries
/2

https://www.axios.com/2025/08/14/inflation-vegetables-ppi

"Businesses have been eating Trump’s tariffs. That’s starting to change.

US inflation on the wholesale level picked up steam last month, with prices rising by the fastest monthly pace since June 2022, new data showed Thursday."

~ Alicia Wallace

#Trump #economy #tariffs #inflation #prices #groceries
/1

https://www.cnn.com/2025/08/14/economy/us-ppi-wholesale-inflation-july

"Today Trump is fully unbridled. Yet, for the first time, finds himself unable to convince majorities that he’s got a magic economic touch. As the situation deteriorates, he’ll have to either reverse course—changing pretty much everything about the way he’s governing—or else go to even greater lengths to control information and manipulate the public."

#Trump #inflation #groceries #economy #tariffs#TaxCuts#EconomicElites#Medicare#Medicaid#BigBeautifulBill
/4

"For most of his years in office, Trump has benefitted from unearned public trust in his stewardship of the economy. It even kept him afloat in 2020, as he managed to persuade most Americans that the pandemic-induced recession was an act of god, rather than a crisis he exacerbated through deceit and incompetence."

~ Brian Beutler

#Trump #inflation #groceries #economy #tariffs#TaxCuts#EconomicElites#Medicare#Medicaid#BigBeautifulBill
/3

https://www.offmessage.net/p/trump-is-spiraling

"And think of how many times he promised not to cut Medicare or Medicaid, then bullied Republican members of Congress into passing a budget that takes $1 trillion from Medicaid, threatening to deny millions of Americans access to health care and force rural hospitals to close. Meanwhile, cuts to nutrition programs threaten rural grocery stores."

#Trump #inflation #groceries #economy #tariffs#TaxCuts#EconomicElites#Medicare#Medicaid#BigBeautifulBill
/2

"Trump campaigned as if he had a foolproof plan to reduce grocery prices on day one, but in fact, grocery prices are up 3 percent year-over-year and reached record highs in 2025. In an example of classic Trump gaslighting, he’s telling people the bald-faced lie that prices are 'WAY DOWN.'"

~ Svante Myrick

#Trump #inflation #groceries #economy #tariffs#TaxCuts#EconomicElites#Medicare#Medicaid#BigBeautifulBill
/1

https://thehill.com/opinion/white-house/5432719-trump-broken-promises-corruption/