A report by Democrats on the congressional Joint Economic Committee blames the president’s tariffs for inflation.

cross-posted from: https://ibbit.at/post/107526

Democrats on the congressional Joint Economic Committee released a report Thursday detailing how much more the average American family in every US state is having to spend monthly to cover the rising costs of food, shelter, energy, and other necessities under the leadership of President Donald Trump. The panel released its report on the same day the Trump administration was supposed to…

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  • shawn1122@sh.itjust.works
    79·
    3 months ago

    Deploying the same methodology that Republicans used to track cost increases under former President Joe Biden, JEC Democrats found that the average US family is spending roughly $700 more per month on basic items since Trump took office in January, pledging to bring prices “way down.”

    Smart to use their methodology. That way they can’t call it flawed. Well they can but they’ll sound stupid

    • n7gifmdn@lemmy.caEnglish
      2·
      3 months ago

      na, Democrats always lie, even they use the same methodology, if a Democrat said it is automatically a lie /s

  • ExLisperA
    24·
    3 months ago

    $700 more PER MONTH? Where do people take the money from?

  • Lemminary@lemmy.world
    16·
    3 months ago

    I wonder what my distant uncle who said Trump made him richer would think about this. I think he was referring to the three tiny stimulus checks he got during the pandemic. Oh well, he voted for this.

    • mean_bean279@lemmy.worldEnglish
      4·
      3 months ago

      Those three fucking checks are why we’re here in the first place. It added trillions in debt to us, gave people “free” money during a time of low rates, and then put in place the giant rubber-band that is inflation because when you have that much money suddenly injected in the market capitalism dictates that you raise prices since people can afford it.

      I was saying this is going to fuck us when trump did them the first time and yet still people act like Biden is the one that put us here.

  • worhui@lemmy.world
    12·
    3 months ago

    That’s a lot of money.

    I mean that’s about 12k pre tax to afford the 8.4k increase in costs. 18% of the median income in just increases, not total costs!

    How are most people able to swing that if the median income is 66k ?

    • ZombiFrancis@sh.itjust.works
      11·
      3 months ago

      So you know how there’s the story of the underage girl prostituting herself to a congressperson for money for braces?

      Exploitation. That’s how people are intended, nay, expected, to ‘swing it.’

  • n7gifmdn@lemmy.caEnglish
    10·
    3 months ago

    I’m surprised how big the difference between states, $269 in OK to $1,030 in UT

    • Xella@lemmy.world
      10·
      3 months ago

      I’m in UT and I felt like I’ve just been fucking up my finances… I didn’t realize it’s an actual thing happening to me.

  • Gammelfisch@lemmy.world
    9·
    3 months ago

    Invading Venezuela, giving cash to Argentina and golfing are the top priorities. I hope the Red Oblasts get hit the hardest.

    • Alcoholicorn@mander.xyz
      4·
      3 months ago

      Like Iraq, like Libya, like Syria, invading Venezuela has bipartisan support. The most you see from the dems are technical nitpicks about the way Trump is pursuing hostilities. Not one said “we should end the blockade and resume trade with Venezuela”.

    • Phoenixz@lemmy.ca
      4·
      3 months ago

      Uh uh, no no! You’re WRONG!

      There is also the white House remodeling that costs some 200 250 300 million dollars for a useless ballroom that Cheeto MC fatty will name after himself.

      Sorry, just wanted to point that out.

  • CharlesDarwin@lemmy.worldEnglish
    5·
    3 months ago

    Yah, but Biden had the worst economy ever, and Pedonald is just trying to dig out from all the terribleness.

    🙄