Summary

Inflation in the U.S. rose 3% in January, with rent alone accounting for 30% of the increase.

Egg prices soared due to avian flu, worsening grocery costs.

Despite pledging to lower prices, Trump blamed inflation on Biden and foreign countries while avoiding specifics on his plan.

In a Fox News interview, he dodged questions about when prices would drop, instead citing trade deficits. The White House press secretary confirmed that the administration has no clear timeline for addressing the rising cost of living.

  • Arghblarg
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    10 hours ago

    I hope Canada applies a massive export tax to oil & gas… and redistributes the revenue to steel and aluminum workers here to ease the effect of the tariffs on same.

    Make the US people feel higher gas prices and they’ll turn against him. History has shown this is the best way to sink a president and his party’s support.

    • pivot_root@lemmy.world
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      7 hours ago

      If the past month has been any indication of the next 47 of them, Canada might want to start negotiating long-term trade deals with Europe and China while also significantly cutting back on trade with the United States.

      1. Trump has suggested he wants to use economic pressure against Canada.

      2. Trump has “joked” about Canada becoming the 51st state.

      3. Like with blackmailers, once you give into the first demand of someone using threats as a bargaining chip, they come back asking for even more.

      Canada seems to have something we need (oil, natural resources). They’re well within their rights to treat us as a hostile nation and show the assholes in power that they need to play nicely in global politics more than they think they do. With the way things are going, the average US citizen is probably fucked either way, so it’s not like it’s going to harm anybody but the oligarchs in the long run.

      • Arghblarg
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        6 hours ago

        Thank you for being open to the possibilities of that. I wish none of this were happening and feel for those in the US who are going to have to endure what is to come. I can only count myself fortunate I’m not actually there, and only adjacent.

    • empireOfLove2@lemmy.dbzer0.com
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      9 hours ago

      The sheer instability of the past month had already driven gad prices up about 30c/gal where I am, even as oil prices have dropped overall since jan20th. Oh it’s coming for sure.

    • ryper
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      9 hours ago

      Danielle Smith would probably throw at fit if the federal government proposed that plan. Her sucking up to Trump got her a lower tariff rate on oil and she absolutely will not accept anything that would make the oil industry feel the same pain as the other industries affected by tariffs.

      • Arghblarg
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        8 hours ago

        Yeah, well fuck her IMHO. And the oil companies too. They’re rich enough to endure a few months of economic leverage applied where it counts. If they squeal (and we know they will), well then they need to be called out and forced to publicly take a side in this whole situation.

        EDIT: uncensored :P

    • givesomefucks@lemmy.world
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      9 hours ago

      Make the US people feel higher gas price

      It’s why I spent four years saying rather than tax incentives for electric vehicles, we need to just level the playing field and take away gas subsidizes. But good luck getting either party here to hurt fossil fuel profits. Both our options this election were pro-fracking.

      It’s fucking insane that we can’t socialize healthcare, but everyone needs to pitch in so Bill can drive his giant truck an hour to sit at a desk for 8 hours twice a day.

      There is literally zero reason for gas subsidizes when we’re trying to get people to move on from gas.

      • adarza
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        9 hours ago

        the per capita health care expenditure for the american for-profit capitalist system, that doesn’t even cover everyone–or everything, is at least 2x that of other ‘western’ nations that have national health care systems.

        single payer, tax funded health care for all would literally pay for itself just from taking what’s already being spent on health care and putting it into the new program.

        subsidies for oil or any other industry are not taking money away from that non-existent health care system. it doesn’t need any.

      • baronvonj@fedia.io
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        9 hours ago

        Reliable, ubiquitous, affordable public transportation is an impediment to segregation via gentrification and suburbs. So Republicans won’t promote that.

      • NuXCOM_90Percent@lemmy.zip
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        9 hours ago

        This is america.

        We are going to build hellhole dormitories for workers to live on site at the kroger LONG before we acknowledge that investing in public transportation would have benefits.

        Oh, and we’ll probably buy a shit ton of teslas so that every county is required to have a fleet for “special” employees.

      • Arghblarg
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        9 hours ago

        Hah! That’s a good one. Public transportation is SOCIALISM remember? And it would help poor and/or brown people so they’d never seriously do that.