Trump already backtracking on campaign pledge to bring down grocery prices

I remember learning about sticky prices in year one econ. Weirdly, dumpster prices in Jax have retreated back a little. Pretty annoying.

 

wages tend to be really sticky. Hey Bob, we got -3% inflation, we're cutting your pay.

 

The way it typically happens is they get laid off and then can't find a new job at the same wage.

 

this comment is underrated and worthy of its own thread. this quote nails the point….

“The great tragedy is that many of the problems Trump identifies are real, and so many of the hurts he exploits demand serious thought and measured action—from governments, yes, but also from community leaders and individuals. Yet so long as people rely on that quick high, so long as wolves point their fingers at everyone but themselves, the nation delays a necessary reckoning. There is no self-reflection in the midst of a false euphoria. Trump is cultural heroin. He makes some feel better for a bit. But he cannot fix what ails them, and one day they’ll realize it.

He never offers details for how these plans will work, because he can’t. Trump’s promises are the needle in America’s collective vein.“

JD Vance.

 

The more startling part of this is that a "certain segment" of the population actually believed him to begin with.

 

Trump is a lying crook? Surely you jest...

 

When Donald wakes up I hope he figures out how to lower my egg prices and gas.

 

The best way to lower prices is to... what? Take us from #1 in gas production to #1+? Bwahahahahaha



Acyn (@acyn.bsky.social)

 

We need a thread to keep of Trump backtracks:
1. Tariffs won't raise prices.
2. "So when I win, I'll immediately bring grocery store prices down,"

Feel free to add more.

 

3. 100% tariffs on Mexican and Canadian imports
4. I will end the Ukrainian War the day I get elected.

 

stopping these kinds of anti-trust actions and allowing grocers to continue to consolidate will drie prices even higher. Who needs competetion when your partners with the oligarchs?

Biden's 'last hurrah' on grocery merger may snowball even after Trump steps in: analyst

For instance, "Kroger is not just Kroger; it’s also Harris Teeter, King Soopers, Fry’s, Ralphs, Smith’s, and more. Albertsons is Safeway, Jewel-Osco, Vons, Shaw’s, Acme, and others" — and consumers suffer as the combined mega-company has control over prices.

Khan challenged this status quo, for the first time in decades pushing the government to actually challenge supermarket mergers — and won, with the result that there is a new precedent for requiring a higher standard of competition in this industry.

With Trump's cronies at the helm, Mitchell continued, "For at least the next four years, major federal merger challenges might be scarce." "Still, states will almost certainly continue advancing the ball on their own," said Mitchell. "In the long term, the door to revived competition enforcement has been decisively cracked open — and it won’t be so easy to shut."

The simple fact, she wrote, is that "Too many people — including judges and the voting public — are looking at the issue with fresh eyes," with over 100,000 people filing comments on the Kroger-Albertsons merger with the FTC, and "labor unions, small businesses, and farmers" uniting against it. Already more such cases are moving at the state level, with New York investigating the Capital One-Discover credit merger.

 

You have to understand who you are dealing with. Trump can say that grocery prices are now cheaper and MAGA will believe it

 

I don’t understand why Trump and MAGA is against the CHIPS Act. I wish someone in the incoming administration would articulate the issues with precision. Yes, there are regulations. It’s money being handed out. Thus, it requires oversight for a strategic investment by the taxpayers.