Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices
www.huffpost.com
The president-elect walked back what was always a wildly unrealistic campaign promise.

Summary

Trump admitted it will be difficult to lower consumer prices, despite campaign promises to reduce grocery, energy, and overall inflation costs.

Trump told Time that achieving price reductions is rare without major economic downturns.

During the campaign, Trump blamed rising costs on Democratic leadership and proposed tariffs as a solution, but economists warn tariffs could raise prices further.

Inflation, a key voter concern, played a significant role in Trump’s election victory, though he has yet to outline a clear plan to deliver on his economic pledges.

  • Kecessa@sh.itjust.works
    541·
    9 days ago

    Here’s the thing though, no it’s not hard to reduce the price of all of that, you just need to nationalize the industry for essential products. No more investors to please, no need to make billions in profit, prices can be reduced.

    • Dorkyd68@lemmy.world
      9·
      9 days ago

      Or start assassinating the ceos of Ralph’s and Albertsons on the side walk and see if that helps, just a suggestion

      • blaggle42@lemmy.todayEnglish
        4·
        8 days ago

        What does it say that for a good 30 seconds I thought, “maybe it is the way to go, -could it hurt?” Is this reality now?!

      • Kecessa@sh.itjust.works
        4·
        8 days ago

        Quebec did it with electricity, passed a law to purchase all stocks at a set price on a specific date, got a loan from the USA, 3 years later it had been refunded using the profit it realized by nationalizing the industry… It was a 50 years loan if I’m not mistaken.