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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[–] schizolol9@lemy.lol 4 points 6 days ago

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

[–] Tronn4@lemmy.world 2 points 6 days ago
[–] Arghblarg@lemmy.ca 157 points 1 week ago* (last edited 1 week ago) (12 children)

I hope Canada applies a massive export tax to oil & gas.. and redistributes the revenue to steel and aluminum workers here to ease the effect of the tariffs on same.

Make the US people feel higher gas prices and they'll turn against him. History has shown this is the best way to sink a president and his party's support.

[–] pivot_root@lemmy.world 58 points 1 week ago* (last edited 1 week ago) (2 children)

If the past month has been any indication of the next 47 of them, Canada might want to start negotiating long-term trade deals with Europe and China while also significantly cutting back on trade with the United States.

  1. Trump has suggested he wants to use economic pressure against Canada.

  2. Trump has "joked" about Canada becoming the 51st state.

  3. Like with blackmailers, once you give into the first demand of someone using threats as a bargaining chip, they come back asking for even more.

Canada seems to have something we need (oil, natural resources). They're well within their rights to treat us as a hostile nation and show the assholes in power that they need to play nicely in global politics more than they think they do. With the way things are going, the average US citizen is probably fucked either way, so it's not like it's going to harm anybody but the oligarchs in the long run.

Start? That's what we've been doing for months. Our Prime Minister is just now returning from a European trip largely devoted to forming new trade deals. We've also been working to break down trade barriers within our country (there were a lot of difficulties in trading between provinces before, which made it easier for everyone to just trade with the US instead) and preparing targeted tariffs of our own to hit Trump and his supporters where it hurts the most.

We're not taking this lying down and never have.

[–] Arghblarg@lemmy.ca 8 points 1 week ago

Thank you for being open to the possibilities of that. I wish none of this were happening and feel for those in the US who are going to have to endure what is to come. I can only count myself fortunate I'm not actually there, and only adjacent.

[–] empireOfLove2@lemmy.dbzer0.com 16 points 1 week ago

The sheer instability of the past month had already driven gad prices up about 30c/gal where I am, even as oil prices have dropped overall since jan20th. Oh it's coming for sure.

[–] ryper@lemmy.ca 13 points 1 week ago (1 children)

Danielle Smith would probably throw at fit if the federal government proposed that plan. Her sucking up to Trump got her a lower tariff rate on oil and she absolutely will not accept anything that would make the oil industry feel the same pain as the other industries affected by tariffs.

[–] Arghblarg@lemmy.ca 24 points 1 week ago* (last edited 1 week ago) (1 children)

Yeah, well fuck her IMHO. And the oil companies too. They're rich enough to endure a few months of economic leverage applied where it counts. If they squeal (and we know they will), well then they need to be called out and forced to publicly take a side in this whole situation.

EDIT: uncensored :P

[–] SatansMaggotyCumFart@lemmy.world 10 points 1 week ago (1 children)

I grant you permission to say fuck uncensored.

[–] forrgott@lemm.ee 5 points 1 week ago (1 children)

Yeah well I revoke your permission to grant permission.

Fortunately the permission was already granted so I don't need permission anymore.

[–] givesomefucks@lemmy.world 9 points 1 week ago* (last edited 1 week ago) (1 children)

Make the US people feel higher gas price

It's why I spent four years saying rather than tax incentives for electric vehicles, we need to just level the playing field and take away gas subsidizes. But good luck getting either party here to hurt fossil fuel profits. Both our options this election were pro-fracking.

It's fucking insane that we can't socialize healthcare, but everyone needs to pitch in so Bill can drive his giant truck an hour to sit at a desk for 8 hours twice a day.

There is literally zero reason for gas subsidizes when we're trying to get people to move on from gas.

[–] adarza@lemmy.ca 8 points 1 week ago

the per capita health care expenditure for the american for-profit capitalist system, that doesn't even cover everyone--or everything, is at least 2x that of other 'western' nations that have national health care systems.

single payer, tax funded health care for all would literally pay for itself just from taking what's already being spent on health care and putting it into the new program.

subsidies for oil or any other industry are not taking money away from that non-existent health care system. it doesn't need any.

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[–] octopus_ink@lemmy.ml 97 points 1 week ago (4 children)
[–] ryper@lemmy.ca 53 points 1 week ago

Please ignore that the president is ruining any government organization that could help get bird flu under control

[–] cm0002@lemmy.world 24 points 1 week ago (2 children)

How completely unrealistic, a MAGA head reading a high school level book‽

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[–] TransplantedSconie@lemm.ee 14 points 1 week ago* (last edited 1 week ago) (1 children)

I have it on good authority that the reason why egg prices are so high is because joe biden killed a hundred bazillion birds in order to drive egg prices up just before trump took office.

[–] sepi@piefed.social 9 points 1 week ago (1 children)

I saw joel bidens himself killin chickens left and right... he must have been tired after that

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[–] Naz@sh.itjust.works 55 points 1 week 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

[–] LiveLM@lemmy.zip 15 points 1 week ago (1 children)

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

[–] AgentDalePoopster@lemmy.world 11 points 1 week ago

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

[–] Throbbing_banjo@lemmy.dbzer0.com 5 points 1 week ago (1 children)

Please tell me this isn't a real screenshot

[–] Maggoty@lemmy.world 8 points 1 week ago (1 children)

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

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[–] ininewcrow@lemmy.ca 49 points 1 week ago (3 children)

Country elects an idiot to fix their economy ... idiot makes economy worse ... country wonders why

[–] Mog_fanatic@lemmy.world 21 points 1 week ago (3 children)

But Brawndo's got what plants crave...

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[–] grue@lemmy.world 13 points 1 week ago (1 children)

Stop giving Trump too much credit. President Camacho from Idiocracy was an idiot. Trump is worse than that: he's malicious and deliberately causing crises in order to excuse further consolidating his dictatorial power.

To call Trump an idiot is, paradoxically, to carry water for him.

[–] TexasDrunk@lemmy.world 7 points 1 week ago

President Camacho pardoned Joe Bauers who then became president. He showed that, even though he's an idiot, he's capable of making the right decision for the country.

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[–] TropicalDingdong@lemmy.world 40 points 1 week ago (2 children)

inflation is capitalist code switch for price gouge

[–] AmidFuror@fedia.io 10 points 1 week ago (1 children)

Not necessarily. But I'm curious what's the equivalent on the utopian alternative to capitalism. Is there currency at all, and if there is, does the government set prices and the exchange rate like in the former Soviet Union?

[–] partial_accumen@lemmy.world 12 points 1 week ago

But I’m curious what’s the equivalent on the utopian alternative to capitalism. Is there currency at all, and if there is, does the government set prices and the exchange rate like in the former Soviet Union?

In all definitions of a utopian society I think we're talking about a post scarcity world. If you're casting far enough into the future, we have infinite supplies of clean energy and technology to take that energy and directly turn it into any kind of matter we desire (like Star Trek replicators). At that point, why would your society need money?

Obviously there are lesser versions of that of post-scarcity where at least anyone's basic needs are met (food, shelter, clothing, healthcare), and anything you want beyond the basics would require extra effort on the part of the person. This version would have something like UBI (Universal Basic Income) and, yes it would have money. There wouldn't really be a need for any kind of price fixing because anything you'd want to buy would not be required for life or health. There would also be no requirement to work if you are satisified in life with just food, clothing, shelter and healthcare.

[–] huginn@feddit.it 7 points 1 week ago (1 children)

If the government slaps a 25% increase on the price of your imports then you expect a 25% increase on the price (assuming you're selling imports directly - like PC parts).

It's not rocket surgery.

[–] TropicalDingdong@lemmy.world 11 points 1 week ago

then you expect a ~~25~~ 35% increase

ftfy

[–] errer@lemmy.world 24 points 1 week ago (1 children)

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

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[–] roofTophopper@lemmy.world 16 points 1 week 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.

[–] Corkyskog@sh.itjust.works 7 points 1 week ago (2 children)

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

[–] sgtgig@lemmy.world 6 points 1 week 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.

[–] SpaceCowboy@lemmy.ca 2 points 6 days 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.

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[–] ceenote@lemmy.world 15 points 1 week ago (8 children)

In similar news, water continues to be wet.

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[–] snekerpimp@lemmy.world 12 points 1 week ago* (last edited 1 week ago)

The narcissist’s prayer:

That didn't happen. And if it did, it wasn't that bad. And if it was, that's not a big deal. And if it is, that's not my fault. And if it was, I didn't mean it. And if I did, you deserved it.

[–] CharlesDarwin@lemmy.world 12 points 1 week ago

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

[–] alquicksilver@lemmy.world 10 points 1 week ago (1 children)

Why doesn't he blame President Musk?

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They have no clear timeline because they don't intend to address it, duh.

[–] DogPeePoo@lemm.ee 6 points 1 week ago (3 children)

TRUMPFLATION PART II: The End of America

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