Dear Editor,
US Economy: Widespread campaign promises included Trump’s ability to bring down prices, especially groceries and gas, “on day 1”. The January CPI was up 0.5% for month, exceeding consensus forecasts of 0.3% and December CPI increase of 0.4% for month. Vance responded that price drops would take a bit of time. Trump said to Time in December that "Look, they got [prices] up. I'd like to bring them down. It's hard to bring things down once they're up. You know, it's very hard. But I think that they will.”
Will tariffs bring down prices? Will tax cuts to corporations and billionaires bring down prices? Will Musk’s scorched-earth firings bring down prices? Will Trumps proposed US invasion and ‘cleansing’ of Gaza bring down prices? Will mass deportations of immigrant workers/consumers bring down prices? Ummm… “No” times 5!
Paul Smalley
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Clinton raised taxes on higher incomes and cut spending on defense & welfare, giving us balanced budgets & even surplus income for '98-'01 - Bush II's need to get us back into Iraq, and the resulting boondoggle in Afghanistan blew all that up for the next 20 years.
And the GOP plan now? Cut 4 trillion in taxes while only cutting 2 trillion in spending! That's logical, that makes sense. Not even. Where's that difference coming from? DOGE? President Musk is trying so hard to justify that, he's claiming "savings" from contracts that have already been completed and paid. 55 Billion in "fraud waste and abuse" whittled down to 1.5 Billion in heartbeat.
And that 4 Trillion in tax cuts doesn't even include "no tax on tips, overtime, and social security" - they can't pay for the tax cuts to higher incomes, but your lower income fellow cultmembers think those are a done deal.
The fact that you were able to stay at one company and retire is meaningless in 2025 - that used to be the expectation 20, 30 years ago. My dad, my grandfather, my uncle all stayed at the same job & retired - my grandfather was able to raise a family and buy a house without his wife ever having to work. I'm at my 6th job in the last 30 years, not sure I'm going to be retiring from it, and when I talk to my coworkers, that's not even a little bit unusual.
Keep writing in with your conspiracies and talking about Mango's grand meticulous plans. I have not laughed this long or hard since the 80s. MAGA is driving us right into the poorhouse and I'm taking great pleasure being surrounded by people that actually deserve to suffer for it.
Your comments makes no sense. With Reagan in the presidency I was able to have uninterrupted employment with the same company until retirement in 2001. Clinton, Bush did spoil it until 2008 when the housing bubble burst. That fiasco cost a lot of investors to lose a lot of money my investment in REITs (which had been a sound investment) cost me sis figures. Obama bailed many out banks, etc. I never go mine. But in the end other investments although never recovered out loss still were enough for a safe retirement. Go peddle you' false theories elsewhere. Bush one was not a supply sider, that's why he had only one term.
John
If "supply side economics" worked, we'd all be rolling in the dough. Bush I was correct in calling it "voodoo".
The Mango Moron does love his Cult Of The Stupid, though.
I'm so glad the Biden Crime Family is out with the trash..
John