Summary

Trump recently shared a provocative column on Truth Social titled “Shut Up About Egg Prices — Trump Is Saving Consumers Millions,” written by conservative activist Charlie Kirk.

This comes despite Trump’s campaign promises to reduce grocery costs “immediately” and “on Day 1.” Egg prices have soared to record highs, averaging $4.95/dozen in January and exceeding $10/dozen in some regions, leading to purchase limits and shortages.

While bird flu has significantly impacted prices by killing millions of chickens since 2022, Trump has shifted from his campaign stance, recently telling Fox News “Inflation is back” but claiming “I had nothing to do with it” after just weeks in office.

  • beanie@lemmy.ca
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    1 hour ago

    Well, the Premier of Ontario just put a 25 % surcharge on the electricity that powers millions of homes in three states. I guess they won’t have to worry about the price of eggs if they can’t afford to cook them.

    FAFO

  • DarkFuture@lemmy.world
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    1 hour ago

    Hey didn’t this rapist felon say he was going to immediately lower the cost of groceries and now we’re losing trade wars and American goods are being taken off of foreign shelves and we’re about to have a Trumpcession?

  • rockettaco37@lemmy.world
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    3 hours ago

    “Shut up about the issue that I could actually be solving, but instead I’m too busy bullying our allies and making things even more expensive”

    Yeah, no. Fuck off Mango Mussolini

  • 60d@lemmy.ca
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    4 hours ago

    “I will immediately bring prices down starting on Day 1,” he said on Aug. 15, for example. “Starting the day I take the oath of office, I will rapidly drive prices down,” he promised later that same month.

    He backed away from that last month.

    Everything’s normal. This is what you voted for, Murca!

    • xmunk@sh.itjust.works
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      2 hours ago

      If his mouth keeps shrinking at the current rate in just five months it should form a singularity and I’ll never need to hear from the fucker again. If that singularity happens to swallow earth so be it - it’ll be worth it.

  • SeaJ@lemm.ee
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    3 hours ago

    Normally I would agree that the president had little effect on prices since that is largely the job of the Fed. But Trump being wishy washy on tariffs is really fucking things up. It is extremely hard for businesses to plan for shit when massive tariffs are planned, then delayed, then implemented for three fucking days before being held off again for a month. How the fuck are businesses suppose to do any sort of inventory planning when they don’t know how much something is going to cost them if they hold off for a day to buy things. Or they bought in bulk under the assumption that they would have to pay significantly more later are now stuck with a ton of inventory they may not have room for.

    So yes, in this case Trump is having a large effect on prices. If it was just tariffs, inflation would temporarily go up and the Fed would increase interest rates and the recession it causes would slow inflation. But the Fed can’t plan for the dipshit president going back and forth in tariffs.

    • HubertManne@moist.catsweat.com
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      3 hours ago

      rando firings that effect government entities that stabilize farm prices and respond to things like bird flu can have somewhat of an effect to.

      • SeaJ@lemm.ee
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        2 hours ago

        Yes to the first one, not as much immediately to the second one. The second one would likely have more medium term effects.

    • havocpants@lemm.ee
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      3 hours ago

      What I find interesting about this is that we had a similar situation in the UK with Liz Truss. We had a PM who announced a surprise budget of tax cuts, which ok, were a little bit stronger than ones the Tories had done previously. This caused a shock to the bond markets, cost quite a lot of money and she was immediately removed from office by her own party and her budget cancelled.

      Trump has caused chaos and cost the US billions with his tariff talk, alienated most western allies, damaged the US MIC enormously and caused deaths in Ukraine by cutting support. The damage done is incalculable, it is not in the same universe as the damage caused by Liz Truss. The only thing that makes sense is that Republican party want America ruined and they aren’t going to stop unless they are forced to. I think what Trump has already done should qualify as treason on the basis of undermining the USA and supporting its enemies.

      • Atelopus-zeteki@fedia.io
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        2 hours ago

        Precisely, it IS treason. At the very least he should be removed from any position of power over others.

    • barneypiccolo@lemm.ee
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      2 hours ago

      All this tariff talk is just deliberate manipulation of the markets. Trump talks tariffs, the stock market tanks, creating buying opportunities for Sociopathic Oligarchs. Then he backs off the tariff talks, and the stock market rises again, and he brings up tariffs again in 4-6 weeks, and starts the cycle over again.

      • SeaJ@lemm.ee
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        2 hours ago

        Normally I would agree with you if it was a one time thing. But the market stops listening to the boy who cried wolf. All the markets are down despite Trump rebonding the tariff and delaying it. There has to be something else at play. The guy is certainly not an economic genius but he generally at least pushes through with his idiotic shit.

  • ThePantser@sh.itjust.works
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    5 hours ago

    One of their biggest campaign promises just broken. All those grocery stores that had to host this sack of shit for nothing.

  • AmidFuror@fedia.io
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    6 hours ago

    …Trump has shifted from his campaign stance, recently telling Fox News “Inflation is back” but claiming “I had nothing to do with it” after just weeks in office.

    We cannot let Trump get away with claiming that he campaigned on lowering inflation. Trump campaigned on reducing prices, not slowing the rate at which they increase.

    Everyone with two brain cells knew he wouldn’t be able to do that. Now he can’t even seem to keep inflation low, which it already was the last year of the Biden administration.

    • TrackinDaKraken@lemmy.world
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      2 hours ago

      Inflation was always going to go back up, and they all damn well knew it. Expect interest rates to stay high for the foreseeable future.

    • turnip@sh.itjust.works
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      5 hours ago

      Because of monetary policy?

      His project 2025 he’s clearly following does have a section on the Federal reserve, and its far tighter than it is now. I can see prices fall as shelter prices collapse.

      • Barbudo@lemm.ee
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        4 hours ago

        Without an increase in supply, how much could housing prices actually decline? My bet? Not much.

        • turnip@sh.itjust.works
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          4 hours ago

          You think people can afford to pay cash?

          I think people sign up for 30 year mortgages because interest rates are below real inflation and they can make an arbitrage, as they benefit from the cantillon effect because ‘housing always goes up’.

          I also think cheap debt drives shortages in housing, its a symptom of currency debasement and does not reflect a support for prices.

          • rezifon@lemmy.world
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            4 hours ago

            You think people can afford to pay cash?

            You’re right, of course. People can’t. But there are gazillions of dollars in private equity sloshing around, particularly now because those dollars have fled the market that Trump’s tariffs are cratering. Private equity is happily ready to soak up all the distressed pricing housing available and turn more people into unwilling, permanent renters.

            • CmdrShepard42@lemm.ee
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              3 hours ago

              Yeah it’s how so many wealthy people are able to double their fortunes during recessions like in 2007/2008. They’re buying everything at a discount.

    • techclothes@lemmy.world
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      4 hours ago

      My brother asked me if I was better off 4 years ago right before the election. I pointed out the USA had one of the best recoveries after the pandemic lock downs and asked what he think Trump would have done different. He didn’t answer. Ignoring that 4 years ago we were filling the impacts of Trumps government, not Bidens, I have to ask if he’s better off now than he was almost 4 months ago. I’m betting the honest answer would be no.

    • Bytemeister@lemmy.world
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      5 hours ago

      I mean, welcome to pretty much every Presidential campaign ever. Running on a platform of “I will rubber stamp any legislation by my party that comes across my desk, and veto everything else” just isn’t good messaging, even if that is what everyone wants anyway.

      • madjo@feddit.nl
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        5 hours ago

        There’s deliberately lying, like what Trump always does, and there’s bending the truth a bit, like what real politicians do.

        • earphone843@sh.itjust.works
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          4 hours ago

          I mean, the vast majority of presidential campaign promises aren’t even within the president’s power to affect. For the most part all they can do is try to get congress to play ball.

          But, since Trump has shown that he will do whatever he wants with no impunity, it’s even worse than normal since he in theory could just write executive orders to keep his promises.