trump has either been lying about what his tariffs will do to the economy, or he himself doesn't understand what they will do

But, but, but... a year ago you were promising the same thing, tommy. Of course, back then you were defending Sleepy Joe's horrendous inflation record. Why did you lie to us, tommy? Why didn't prices come down as you promised?

"Prices will be coming back down, to mirror inflation. There's always a lag with these things. The prices being bandied about here are from the 8-9% inflation days. Two or three months from now, they will be lower."

https://eccie.net/showpost.php?p=106...6&postcount=25 Originally Posted by lustylad

But, but, but... prices DID come down - as I promised. Target, Walgreens, CVS, Walmart all lowered their prices this year on over a thousand products.

https://www.cbsnews.com/news/walgree...-amazon-fresh/

https://corporate.target.com/press/r...holiday-season

McDonald's also lowered their prices, but they might be coming back up because of... wait for it...
trump's tariffs

https://www.newsweek.com/mcdonalds-d...ariffs-1995565

Swing and a miss, Lusty.
But I'm glad you spent valuable time looking up my correct prediction for me. Thanks. I nailed that shit.

But, but, but... prices DID come down - as I promised. Target, Walgreens, CVS, Walmart all lowered their prices this year on over a thousand products.

https://www.cbsnews.com/news/walgree...-amazon-fresh/

https://corporate.target.com/press/r...holiday-season

McDonald's also lowered their prices, but they might be coming back up because of... wait for it...
trump's tariffs

https://www.newsweek.com/mcdonalds-d...ariffs-1995565

Swing and a miss, Lusty.

But I'm glad you spent valuable time looking up my correct prediction for me. Thanks. I nailed that shit. Originally Posted by tommy156

Lol. You crack me up, tommy. Always squirming for a way out when you're cornered. You make this too easy.

When you say prices will (or won't) come down, everyone with normal reading comprehension takes it to mean the general price level, as measured by an average or an index based on a basket of commodities. You know, like the Consumer Price Index or CPI. You're familiar with it, right?

The CPI last month was 316.44. A year ago, when you promised "prices will be coming back down", the index stood at 308.02. Can you do the math? I can. US consumers last month had to pay 2.7% more than they were paying in November 2003 for the same basket of goods. So your prediction was plainly incorrect. In general, prices went up, not down.

Of course, in any given month the prices of SOME items in the CPI basket of goods will go down, while others go up. The index just measures the average change each month. You seem to think it's ok to cherry-pick whatever commodities support whatever point you're trying to make at any time. Lol. Well, if that's the standard then I'm sure you won't complain if 6 or 12 months from now, I cherry-pick my own basket of consumer items to prove trumpy was right and by golly, prices DID come back down!

Alternatively, if you want to revert back to the norm accepted by all honest, reputable, non-partisan economists and use the CPI as a proxy for prices in general and a yardstick for overall inflation, then you will man up and admit you were wrong in your prediction a year ago that "prices will be coming back down".

So... you choose the standard, tommy. Should we use the CPI? Or do we get to cherry-pick and change the prices we look at to make a partisan point? I'll let you make that call. Just be consistent.

(Did you really say "swing and a miss" lol? The only thing you "nailed" is your own ass.)

Glad I stay outta this section lol.

Btw I am in finance and understand economics quite well and I’ll add that I’m a republican but moderate.

Tariffs do in fact raise prices thou depending on the products, some increases are rather immediate while many are delayed increases ( steel being one that takes time to filter into prices)


I’m done here

Factual

Prices came down on nearly 2000 items in most major retail outlets compared to a year ago. That's just a fucking fact (and I provided receipts). That's what I predicted, and I was right.

trump's tariffs will cause prices to increase. That's another fucking fact. He either doesn't understand that, or he's lying about it.

Prices came down on nearly 2000 items in most major retail outlets compared to a year ago. That's just a fucking fact (and I provided receipts). That's what I predicted, and I was right. Originally Posted by tommy156

Aww sheesh, tommy! Given all those price cuts you're touting, why did the official Consumer Price Index increase by 2.7% in the last 12 months? That's a fucking fact, too. Need more receipts?

It sounds like you're saying selective cherry-picking on prices is enough to prove one's point lol!

Then I'm sure you'll agree that in 6-12 months' time, if I can cherry-pick a few items (or a few thousand items) for which the price has been lowered, it will prove trumpy was correct when he said on the 2024 campaign trail that prices would come down after he was elected, right?

You do want to be consistent, dontcha? If so, then please answer my questions.

Smarty1 gets it! Re-read his comment here:

https://eccie.net/showpost.php?p=106...2&postcount=32

Where did you study economics again?

Nearly 2000 items came down in price. I predicted prices would come down. I was correct.

You finished yet? Because, once again, you're off topic and attempting to hijack this thread.

trump's tariffs will cause those recently lowered prices to come back up. He's either lying to you about it, or he himself doesn't understand what will happen. Stay on topic or go make a new thread.

Nearly 2000 items came down in price. I predicted prices would come down. I was correct. Originally Posted by tommy156

Nope. Why do you keep repeating yourself after your claim was debunked? Prices in general did NOT come down. Simple question - Did the CPI go up or down over the last 12 months? Answer and explain.

If you get to cherry-pick on prices, then doesn't everyone? Think about it. That means you can't call trumpy a liar if he takes credit for those prices that go down, ignores the ones that go up, and thereby claims he kept his promise to roll back Biden's inflation!

Which is it, tommy? Admit you erred in your prediction, or open the door for trump to play fast & loose with the economic data too? Time to man up.

Trumpybear will be called a liar because the day ends in Y.

He promised me cheaper groceries. Massive drops, quickly. Cheap bacon. If I don't have cheap bacon he's a lying prick.

He promised me cheaper groceries. Massive drops, quickly. Cheap bacon. If I don't have cheap bacon he's a lying prick. Originally Posted by HDGristle

I mean, he did. And he is.