Go here to read the rest. Politicians can lie their way out of a lot of difficulties, but not inflation. Everyone can see that they are paying a lot more for the basics of life. Trump should hammer this unceasingly and contrast it with the prosperous economy he delivered.
Trump might want to present a plan to the American people detailing how he’s going to rein in inflation, that would contrast nicely with Biden’s “What inflation?!?” strategy.
For some strange reason, I just had to have a filet mignon last week. Went to a restaurant and paid $25 for a nice 6 oz tenderloin dinner, about $5 for the Coke, and whatever amount I put down for the tip. DH’s meal was about the same–pork chop and a beer.
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Last night, we bought tenderloin at the local butcher. $44.99 per pound. Having spoken to the butcher, I was too proud not to buy it (bought two steaks at $42.00) and some already cut up broccoli.
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I’m thinking that once my time and energy preparing the steak and cooking the broccoli, washing the dishes, etc was factored in, it was probably cheaper for me to eat out. And the restaurant presentation was so much nicer.
Biden… “look at all the hamsters running inside the wheel day and night… (getting nowhere..) things are good!”
Repealing taxes is hard, but inflation is the hardest tax to repeal.
I would love to hear Trump address inflation but all the remedies for it are unpleasant and our electorate doesn’t like unpleasant.
BTW, don’t depend on people experiencing inflation first hand. A lot of our electorate would believe the sun sets in the north if an “expert” told them so.
“… all the remedies for it are unpleasant and our electorate doesn’t like unpleasant.”
Drill baby, drill would go a long way to easing inflation, since a big chunk of it is the cost of getting the products to market (and then maybe we could start mitigating the damage Biden did to our strategic oil reserves as well!).
Losing all our ESG initiatives would help, particularly in the cost of food.
Deporting a bunch of criminal foreign nationals would ease market pressures on the cost of rent and used cars.
There are options the American public would love to hear about and would certainly support.
The Fed needs to reduce the growth rate of monetary aggregates. Other policy adjustments have value, but this is the one which matters for restabilizing prices.
I think it may have been Herbert Stein who said Congress accomplishes nothing unless there’s a crisis. The amount of public sector borrowing right now is appalling.
Ordinarily one would expect the thinking populace to rise up in righteous indignation at the government’s debt, tax and spending policies. This is not happening to the extent necessary largely due to our unionized education industry that ignores the basic laws of economics when teaching its crypto socialism to students. When the actual day of reckoning arrives, and it will be sooner than most think, it will be quite unpleasant. Biden is correct about only one thing, democracy will be in danger, but not from Trump. It will be from the government establishment in all branches, mired deeply in the swamp.