It’s the economy, stupid
Friends,
Trump is shafting his base economically in three ways most Trump voters don’t see or know. It’s important that they do.
Prices are rising
The Consumer Price Index has risen 2.7 percent from a year earlier. That’s the fastest pace since February. The trend is worrying, especially for working-class consumers who have to sacrifice a larger portion of their paychecks to buy what they bought before.
So-called “core” inflation — which strips out volatile food and energy prices and is therefore a more reliable measure for underlying price pressures — is rising even faster: up 2.9 percent from the same time last year.
Trump’s tariffs are to blame
Trump’s tariffs are the major culprit. Prices rose noticeably on appliances, clothing, and furniture — all products heavily exposed to Trump’s import taxes from Canada, China, and other major trading partners.
No comments:
Post a Comment