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Trump - price correlation
Posted on 9/14/24 at 12:10 pm
Posted on 9/14/24 at 12:10 pm
Curious as to those more educated in this…
If Trump wins, do we see actual prices going down, or just not rising as rapidly?
I have a hard time seeing grocery stores, restaurants, etc. lowering prices now that we are used to it.
If Trump wins, do we see actual prices going down, or just not rising as rapidly?
I have a hard time seeing grocery stores, restaurants, etc. lowering prices now that we are used to it.
8
Posted on 9/14/24 at 12:48 pm to xBirdx
Prices would rise rapidly. He wants to impose tariffs. That means prices will go up.
We’ve seen a Trump presidency before. He didn’t cut Federal spending. He will play golf and sign an bill extend the tax cuts put in place during his first term. But with no corresponding cut in services, you get increased deficit which leads to more inflation.
It doesn’t matter who wins, neither will lead to decreased prices in goods.
We’ve seen a Trump presidency before. He didn’t cut Federal spending. He will play golf and sign an bill extend the tax cuts put in place during his first term. But with no corresponding cut in services, you get increased deficit which leads to more inflation.
It doesn’t matter who wins, neither will lead to decreased prices in goods.
Posted on 9/14/24 at 12:51 pm to Suntiger
So why did gas and energy costs rise so much he left office?
Posted on 9/14/24 at 12:59 pm to xBirdx
Supply and demand. Supply chain issues related to Covid. And let’s not forget inflation related to the stimulus bills signed by Trump and Biden.
Posted on 9/14/24 at 1:19 pm to xBirdx
quote:
do we see actual prices going down
I think you would need actual deflation for that to happen, which probably wouldn’t be a good thing if it went on for several months in a row.
Posted on 9/14/24 at 1:46 pm to xBirdx
Neither candidate will cause prices to go down nor have policies that will bring prices down.
Posted on 9/14/24 at 1:59 pm to TigerTatorTots
I think the best wecan hope for is Trump will be business friendly. Nothing real getting done when it comes to inflation unless we can start reducing spending and neither party seems to want to that.
Posted on 9/14/24 at 2:50 pm to bigjoe1
I agree
I'm not even sure if we want prices to come down in a meaningful way. That means disinflation is running hot and our economy is in absolute shambles
I'm not even sure if we want prices to come down in a meaningful way. That means disinflation is running hot and our economy is in absolute shambles
Posted on 9/14/24 at 5:31 pm to TigerTatorTots
quote:
Neither candidate will cause prices to go down nor have policies that will bring prices down.
Exactly. Only option is higher wages lower energy. And the Insurance issue needs to be fixed fast
Posted on 9/14/24 at 5:56 pm to SDVTiger
With tax cuts combined with tariffs, prices go up. It just impacts who has the money to buy more of the higher priced items. If you pay less in taxes it may balance it out, or it may not. For the person not working, you get no tax benefit, and you pay higher prices for the stuff you buy...worst of both worlds. People not working are likely not voting trump. Trump will incentivize work, but I don't see him being able to counter the last 4 years of heavy spending and money printing, based on his platform.
Posted on 9/14/24 at 6:03 pm to xBirdx
Not rising as rapidly.
They rarely come back down, except if you have new technology.
They rarely come back down, except if you have new technology.
Posted on 9/14/24 at 6:04 pm to Bestbank Tiger
Yea, I should have phrased as “stay stagnant”
If Kamala wins.. I fear the worst.
If Kamala wins.. I fear the worst.
Posted on 9/14/24 at 7:06 pm to xBirdx
quote:
Curious as to those more educated in this…
If Trump wins, do we see actual prices going down, or just not rising as rapidly?
The fact of someone winning the presidency alone isn't going to raise nor lower prices. What they are able to get passed while in office is what will impact them.
Posted on 9/14/24 at 8:32 pm to Bard
quote:
The fact of someone winning the presidency alone isn't going to raise nor lower prices. What they are able to get passed while in office is what will impact them.
This. Obamacare increased healthcare prices. Trump’s plan is tariffs which will increase prices. Kamala doesn’t have congressional support to get anything passed. Besides extending tax cuts, her presidency wouldn’t impact prices much.
People put too much emphasis on presidential elections when local elections impact our lives much more.
Posted on 9/14/24 at 9:11 pm to xBirdx
Most of this thread is vastly over simplifying tariffs, what they apply to, how they're enforced, etc.
If the price of oil dropped 40% tomorrow (due to relaxation or elimination of regs, etc.) the price of fertilizer wouldn't drop for a couple of months. The cost of tires, paint, etc., would also take a few months. The inventory you had to pay $90 a unit for from a supplier has to be cleared before you can adjust prices based on paying wholesale for $70 a unit.
Grocery stores want their 2-5% margin. See, in a quasi-free economy, if a Target wants to maintain high prices to fund all their DEI BS, H-E-B and Walmart are happy to plaster "price rollback" all over groceries, like bacon and eggs, more shoppers will gravitate to H-E-B and Walmart. Even the unionized shitholes like Kroger have to adjust to competition in the market.
If the price of oil dropped 40% tomorrow (due to relaxation or elimination of regs, etc.) the price of fertilizer wouldn't drop for a couple of months. The cost of tires, paint, etc., would also take a few months. The inventory you had to pay $90 a unit for from a supplier has to be cleared before you can adjust prices based on paying wholesale for $70 a unit.
quote:
I have a hard time seeing grocery stores, restaurants, etc. lowering prices now that we are used to it.
Grocery stores want their 2-5% margin. See, in a quasi-free economy, if a Target wants to maintain high prices to fund all their DEI BS, H-E-B and Walmart are happy to plaster "price rollback" all over groceries, like bacon and eggs, more shoppers will gravitate to H-E-B and Walmart. Even the unionized shitholes like Kroger have to adjust to competition in the market.
Posted on 9/15/24 at 12:11 am to xBirdx
quote:It crashed after he left office due to covid. Then, the crazy federal spending spurred demand, so it was on the rise when Russia invaded Ukraine and then it went crazy.
So why did gas and energy costs rise so much he left office?
Posted on 9/15/24 at 12:12 am to LemmyLives
quote:That's charitable. Most are like 1% - with 3% probably being the highest.
Grocery stores want their 2-5% margin.
Posted on 9/15/24 at 7:54 am to xBirdx
quote:
do we see actual prices going down
In no scenario do we see this happen unless the country goes into a long recession.
quote:
just not rising as rapidly?
That has already occurred. Inflation on most goods has slowed already.
If anything the plans proposed by Trump and Harris both might bring about more inflation rather than doing nothing. Funny part is Harris will struggle to get any of hey polices passed so she might be the least impactful to inflation
Posted on 9/15/24 at 10:12 am to xBirdx
Trump should do beer stamps for people that work. I would feel so much more appreciated as a taxpayer with a booziana purchase card in my wallet
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