"As Trump finally admitted this week, after lying for a year on the campaign trail, there isn’t really much he can do to bring down prices, either. So now we’ll have $5 eggs and a corrupt oligarchy and political opponents under arrest and new outbreaks of once-defeated diseases. But remember, Trump was the working-class candidate."
~ Michael Tomasky
"Donald Trump centered much of his campaign on catering to this public perception [that wage gains are disconnected from inflation], promising, for example,
From the day I take the oath of office, we’ll rapidly drive prices down and make America affordable again. … Prices will come down. You just watch. They’ll come down fast.
And low-information voters believed him."
~ Paul Krugman
#Trump #economy #groceries #EconomicElites #WorkingClass
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https://paulkrugman.substack.com/p/will-trump-be-called-on-his-inflation
"Now that the election is over, however, we’re seeing headlines like this:
'Trump says reducing food prices will be "very hard," after campaign promise to cut costs'
This was totally predictable. ...
My prediction is that substantial numbers of voters will either deny that Trump said he would reduce prices or insist that prices are down even if they aren’t."
