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Comment by apawloski

16 days ago

I mean, a large point of their campaign was that price increases were a major national concern, right? Can we agree that they repeatedly made that point? I recall many lawn signs to that effect.

So given that, I would have assumed that this administration would focus on making things more affordable. Instead, I'm seeing people try to explain to me that, actually, raising the prices across the board is a good thing!

To put it plainly, it seems like the administration raising prices is, in fact, not a good thing for Americans. And I don't see how American labor can produce things that are more affordable than what we can buy now. So it seems like a net negative, because ultimately they are choosing to make everything more expensive for consumers.

J.p. morgan is predicting 1.5% higher price index due to these tariffs. Even if that continues all four years, it’ll be much less than Biden.

  • Lots of time to make up for causing the largest market drop since COVID as well. Hopefully you're right and everything will be fine.