How much did Trump have to do with cheap gas and cheaper groceries?

[Pillmattic]

What happened after? Did prices go down? Is it possible for prices to go down after inflation?

I was afraid you would ask this lol


It being so bad is what lead to Ronald regan getting elected and trickle down economics and everything that came with that


But it did calm down on the petro prices and in the 70s ppl where still driving big ass Cadillacs so imagine how much u needed


But the worse it gets in Ukraine vs Russia will directly effect gas prices

 

[Pillmattic]

The only impact that Trump had on anything is that the 1% loved him, he made them exponentially richer, as did the pandemic. Trump went cheat code on everything, got rid of any and all regulations, and made the Fed pull all the levers that they normally wouldn’t wouldn’t, because the kind of measures he had them take are reserved for when we are are going through a recession, and the economy needs a boost. He did that when we just got over the 2008 crisis, and he inherited a really good economy. He did that to make it look like he was the reason everything was good, for re-election, because he knew this was going to happen, but he would never have to get elected again, so it wouldn’t matter. His whole thing would have been “I gave you the greatest economy, but the Dems, and illegals are trying to destroy the country, brick by brick”. It was a good plan, because 65% of this country are politically ignorant, and have low financial iq. I wish Biden had the “I don’t give a fukk what anybody thinks” mentality that Trump has, if he did, he would actually attempt to do something. Have someone go and threaten Manchin fr, do 5 EO’s a day, tell Big Gas/Oil to get in line, call these corporations out on live tv, so many things he could do, he is 100 yo, if he doesn’t start applying real pressure, he will die with the legacy of Bernie Lomax.

I agree with everything u said completely



But I never viewed trump as a real republican to me he was a conspiracy theorist /New York mob affiliate who happened to be a republican Biden Hilary sanders could never do or say anything trump was doing and trump appealed to ppl who never watched the news (atleast pollictical shyt) and liked trump like he was stone cold Steve Austin lol



But we’re already paying for his mistakes and Biden’s failure to react i honestly think the next two years are a wash



2024 will be where our future lies and I swear if the dems run some tired ass candidate again I’m taking asylum in Canada or South America fukk it if I get killed atleast let me be in bed next to some Brazilian baddie

 

[Wig Twistin Season]

The US has been on track to phase out gas powered vehicles for a while. This is just step number whatever to drive people to electric vehicles and reinvigorate the economy with the jobs that will arise from building and maintaining the electric vehicle refueling grid, etc. Not to mention the electric vehicle factories subsidized by the government.

GM secures $2.5 billion government loan to build EV battery factories

GM is receiving a $2.5 billion government loan to help construct EV battery factories.

www.engadget.com

President Biden, DOE and DOT Announce $5 Billion over Five Years for National EV Charging Network

The U.S. Departments of Transportation and Energy today announced nearly $5 billion that will be made available under the new National Electric Vehicle Infrastructure (NEVI) Formula Program established by President Biden’s Bipartisan Infrastructure Law...

www.energy.gov

This has nothing to do with the president. This is big business telling the people where we’re headed in a “get down or lay down” fashion.

Those southern states whose economies depend on oil will all be new Detroits once those jobs and production starts getting scaled down.

I’m neither pro nor anti electric or gas vehicles, I’m just reading the writing on the wall.

 

[Pillmattic]

The US has been on track to phase out gas powered vehicles for a while. This is just step number whatever to drive people to electric vehicles and reinvigorate the economy with the jobs that will arise from building and maintaining the electric vehicle refueling grid, etc. Not to mention the electric vehicle factories subsidized by the government.

GM secures $2.5 billion government loan to build EV battery factories

GM is receiving a $2.5 billion government loan to help construct EV battery factories.

www.engadget.com

President Biden, DOE and DOT Announce $5 Billion over Five Years for National EV Charging Network

The U.S. Departments of Transportation and Energy today announced nearly $5 billion that will be made available under the new National Electric Vehicle Infrastructure (NEVI) Formula Program established by President Biden’s Bipartisan Infrastructure Law...

www.energy.gov

This has nothing to do with the president. This is big business telling the people where we’re headed in a get down or lay down fashion.

Those southern states whose economies depend on oil will all be new detroits once those jobs and production starts getting scaled down.

Good post I never thought about this part I could def see this being the plan and the Russia Ukraine thing speeding it up or just being used for optics if Putin has stock in Tesla I wouldn’t be surprised

 

[Wig Twistin Season]

Good post I never thought about this part I could def see this being the plan and the Russia Ukraine thing speeding it up or just being used for optics if Putin has stock in Tesla I wouldn’t be surprised

There’s always a bigger picture behind the theater of politics and it always involves dollars.

Q: Who won the Super Bowl last season?

A: The same team that always does, the NFL.

We get caught up in selecting sides, when the owners (the money) gets paid no matter who wins. Same for corporations and government.

 

[Piff Perkins]

Presidents don't control gas prices

Or grocery prices. Gas prices are high across the globe right now. Inflation is worse in the UK than the US right now. Even if you argue the covid bill from last year super charged the economy, the bigger issue remains that supply/demand is still fukked from covid. On one hand you have Americans spending money at extremely high levels, on the other hand you have supply chains and businesses struggling to meet demand. This won't be solved anytime soon either.

 

[Genos]

A lot since he let the pandemic rampage through the country and people weren't driving so demand was low while supply was high

 

[Poetical Poltergeist]

Tbf, I don't think he would've pushed for sanctions after his daddy Putin waged a war in Ukraine either.


Trmp may have actually destroyed the anti-russia coalition himself by his blatant anti-nato anti-un and anti foreign policy rhetoric.

We have helped Ukraine enough. This is their fight now and we have to let things be and focus on America first! Ukraine is a very corrupt country and has done very bad things. The fake news media won't tell you all the bad things Ukraine has done. Many people are saying they want Russia to take over because they miss being part of Russia. A very powerful country that we should be friends with! So we are stopping all support to Ukraine. I wish them well.

 

[Vandelay]

Zilch...

Trump inherited Obama's upswing economy. Presidents can't really directly effect the economy. They can really only set the tone. They can appoint people, cut or raise taxes, promote certain tech...businesses choose what they want to do with that tone. We would've had a recession in late 2020 with or without covid.

 

[Geek Nasty]

People werent driving during COVID there was so much excess gas supply they didnt have places to store it.

 

[Kyle C. Barker]

Ukraine is what fukked this up look up jimmy carter run as president his shyt mirrors how Biden will play out



Gas went up even worse back then and inflation was way worse

The counter to that would be George W bush's presidency.

In his first term gas went from $1.25 to $4.50 and the rise in home prices were even more astronomical. Despite that he still won reelection.

 

[CopiousX]

We have helped Ukraine enough. This is their fight now and we have to let things be and focus on America first! Ukraine is a very corrupt country and has done very bad things. The fake news media won't tell you all the bad things Ukraine has done. Many people are saying they want Russia to take over because they miss being part of Russia. A very powerful country that we should be friends with! So we are stopping all support to Ukraine. I wish them well.

This exactly what he would say too.

 

[mykey]

Biden will go down in history as a collosal failure. Jimmy Carter must be very happy that someone else took his title.

 

[Pillmattic]

The counter to that would be George W bush's presidency.

In his first term gas went from $1.25 to $4.50 and the rise in home prices were even more astronomical. Despite that he still won reelection.

Facts that shyt was like 5.00$ during the summer of 2005

 

[Stick Up Kid]

Presidents don't control gas prices

True.... but Trump was 100x better at messaging than Biden.

He takes credit for everything good, and has the right wing media pushing the narrative that Trump alone is responsible for it.

Trump had no shame.