How quickly will Trump lower Prices

[Texas Contrarian]

Remain cheerful, Blackman!

Progressives managed to ratchet up federal government spending very impressively indeed over the last three years, handing the Trump team a very hot potato -- with a trend structural deficit/GDP ratio close to 7%.

What if Republicans mismanage the situation in almost as reckless and irresponsible a fashion as Democrats did in 2021-22? (If history is any guide, that's a real possibility!)

Or what if the "bond vigilantes" Yardeni first spoke of way back in the 1980s return from their long sabbatical, precipitating a housing industry fiasco? In that event, it might be pretty difficult for Republicans to hold the house or for J.D. to win the presidency in '28.

That's the beauty of the American system! If one team fucks up and gets fired by the voters, it gets to plan the comeback soon enough. How many times has the political pendulum swung over the last three four decades?

The Blue Team better find a less disastrous candidate, though. Perhaps a Bay Area uber-progressive who's expressed the desire to ban fracking, jettison any semblance of border security, spend money in trillion-dollar chunks on almost every element of an AOC/Bernie-style wish list, and even use public funds to finance sex-change surgery for condemned prisoners just isn't the wisest choice.

So, Democrats would do well to encourage people like California's "Governor Brylcreem" to stay out of the limelight!

[Tiny]

Originally Posted by Texas Contrarian

So, Democrats would do well to encourage people like California's "Governor Brylcreem" to stay out of the limelight!

Lol!

Anyone here (except Lusty Lad) who may think's he's smart enough to go head to head with Texas Contrarian should remember this post. Can you spell Brylcreem?

I sure couldn't, not without looking it up.

[lustylad]

Brylcreem?

"A little dab'll do ya!"

[Tiny]

Well, we need to get back on topic or there will be hell to pay. According to Amazon price checker, the price of a tube of Brylcreem hasn’t moved since before COVID. Maybe that’s why the 20% price inflation during Biden’s term blew right by Gavin Newsom. As Governor of California, he probably doesn’t have to buy his own food or gasoline. But he damn sure has to buy a lot of Brylcreem!

And if Trump were by some miracle to bring the price of food way down, it would blow right by Newsom. He’d never know it.

[lustylad]

Originally Posted by Tiny

And if Trump were by some miracle to bring the price of food way down, it would blow right by Newsom. He’d never know it.

In other words... you don't think it would mean lower menu prices at the French Laundry?

That's price gouging! Someone should tell Kamala!

[adav8s28]

Originally Posted by Lucas McCain

There is no real plan. All I know is tariffs and deporting illegals out of here working shit jobs that nobody wants is hardly a great plan to reduce prices. Yeah, Americans will do those jobs, but the labor expense line item in a company's P&L statement is sure the fuck going to look a lot different. So that added cost will be mostly passed along to the consumer just like the tariffs.

If I ever go back to Burger King, it's going to be weird paying $22 for a Whopper with cheese, fries and a drink. Haha

I had lunch at a McDonald's in North Dallas yesterday, a regular hamburger only cost a $1.39. With fries a medium size drink and one cookie, the total came to $7.26. Right now McDonald's is still affordable.

For gasoline, 93% Octane is down to $3.06 a gallon. We will find out if Trump's "drill baby drill" theme will get the price under $3.00.

[farmstud60]

The delayed effects of the 9% inflation from a couple years ago still hit people this year with dramatic increases in Car Insurance and Health Insurance roughly 25% to 35% for many.

[Brot]

Originally Posted by farmstud60

The first thing that will happen is the border will be closed.

Inflationary.

[1blackman1]

I’m yet to see where any policy Trump presents will lower prices people are currently paying. I do however read a lot of you trying to tap dance around the actual question. At least Tiny and to some extent TC admitted that prices won’t go down.

[farmstud60]

Originally Posted by 1blackman1

I’m yet to see where any policy Trump presents will lower prices people are currently paying. I do however read a lot of you trying to tap dance around the actual question. At least Tiny and to some extent TC admitted that prices won’t go down.

Prices always go down slower than they go up, unless you are trying to sell commodities.

[HDGristle]

https://oilprice.com/Energy/Energy-G...gy-Sector.html

[farmstud60]

Originally Posted by Brot

Inflationary.

That is the lie Democrats keep telling, as they spent billions of dollars supporting them with debit cards etc as they came in this country. Paying people to do no work is inflationary.


It is also the scam of Democrats trying to buy votes.

[Jacuzzme]

Some sectors have already seen a 75% price decrease.

[Tiny]

Originally Posted by HDGristle

https://oilprice.com/Energy/Energy-G...gy-Sector.html

Joe and Kamala both campaigned in 2020 on ending issuance of and drilling permits on federal oil and gas leases. And Joe did it. He had to back off because of the courts and political considerations. He subsequently shut down issuance of permits for new LNG plants, and he hasn't backed off that.

Kamala campaigned on banning hydraulic fracturing in 2020. If that had ever been implemented it would have put the U.S. industry on its knees. We'd become second or third rate, instead of the largest oil producer in the world. She backed off on that though, because if implemented the ban would be a great talking point the next time gasoline prices increase.

So what will Democratic politicians do the next time they control the presidency? What they said they would in 2020? Or what they say now? Again they haven't backed off on issuance of permits for new LNG (liquefied natural gas) projects. What sense does that make? Natural gas is the reason our carbon emissions are much lower than they were. And LNG provides energy security to our friends, like Europeans who were dependent on supplies from pipelines running through Ukraine and Russia.

Undoubtedly these policies if implemented and left in place would increase the price of oil, natural gas and gasoline. For natural gas the reason is obvious. Most of our gas consumption is produced domestically. For oil, incremental barrels we're producing as a result of fracking and horizontal drilling have held the price of oil and gasoline down considerably, versus what they would be if OPEC and Russia controlled the price.

[Tiny]

Originally Posted by 1blackman1

So are y’all implying that people that voted for Trump because they can’t afford groceries will be faced with the reality that they still won’t be able to afford groceries. Surely Trump will lower prices as he and the republicans promised in this election!

We think it's a nonsensical question Blackman. I'm including you in "we." That is, you think so too. LustyLad had the best reply,

Originally Posted by lustylad

There's more than one way to make things more "affordable".

IMHO - this single graph goes a long way toward explaining why trump has been embraced by the average American worker, whereas biden/harris have been rejected:

https://fred.stlouisfed.org/series/LES1252881600Q
.

Median real weekly earnings in 1982-1984 dollars were up 6.0% during the Trump administration, and were down 0.5% during the Biden Administration.