alt Hacker NewsIt's disappointing, but not surprising, that people thought the president would make any really impact on inflation. That said, with global conditions improving it looks like we could've actually seen a drastically larger reduction in inflation if not for the tariffs. The goals of the tariffs seem so misaligned with what the country needs - again not surprising that we're doing something the opposite of what we need - and again also not surprising that his supporters don't seem to care.
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A weak economy bodes well for cash infused investors as fire sale prices arise.
I think we’ve crossed a line where we can no longer assume basic alignment with “our” leadership.
>It's disappointing, but not surprising, that people thought the president would make any really impact on inflation
Except that a president, in normal times, COULD make an impact on inflation, both directly and indirectly.
What is surprising, is that after a completely failed presidency that saw a marked decrease in middle class prosperity, people thought that Donald Trump, of all people, could bring inflation down.
man, i already can't wait for November to be over.
I think the real issue is that for the powers that be, inflation is seen as either neutral or a good thing. The only people it hurts is the working class and the blame is nebulous. So it is used as a tool to increase taxes without changing laws, lower the cost of debt, and cut labor wages since they don't get pay raises commensurate with inflation. So I think it is a trick played upon the working class to screw them over in the long term while the wealthy are protected because all their assets simply go up in value with inflation. I think the target inflation rate should be 0%, not 2%. I simply don't believe the justification for the 2% target.