Quote (MildSambal @ 9 Dec 2024 18:22)
The promise of the campaign was to bring down the costs of living. Is it really satisfactory for you if gas and eggs go down but overall inflation ramps up more? Btw this isn’t a recognition that gas and eggs specifically will go down either.
The promise of the campaign was to improve the economy and alleviate the cost of living crisis. The tldr is that it's not exclusively about the prices, but about purchasing power. And a lot of Trump's policies are anti-inflationary or wage-boosting.
Drill baby drill.
Relieve pressure from the housing market by closing the border and mass deportations.
Less deficit spending by the government.
Tariffs, which might rise the price of some goods, but will also bolster domestic wages in the medium-term and long run.
Less regulations and red tape.
No more EV mandates and policies like that, which forced consumers into unnecessary expenses.
Potentially an end to the Ukraine war, which should lead to a larger supply of cheap oil and gas on the global markets.
But yes, a lot of these policies will only show a positive impact on the economy, wages or prices after somewhere between several months and two-ish years, hence, this approach does indeed come with political risk. If it's November 2026 and the downsides are felt while the upsides haven't fully manifested yet, the GOP could be in for a bloodbath during the midterms.
This post was edited by Black XistenZ on Dec 9 2024 08:43pm