President Donald Trump on Wednesday said, “I love the inflation” after being asked if he was concerned about new consumer price index data that showed the annual inflation rate at 4.2%, a three-year high.

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[–] [S] 10 points 5 months ago

Of course he does. Inflation hurts working people and benefits the wealthy:

Forbes: Inflation is an insidious "hidden tax," as it directly impacts the purchasing power of families in the United States. However, the burden is unevenly distributed across the different income and wealth strata. In fact, the upper middle class and the top 1% of Americans have actually benefited from high inflationary periods, increasing their wealth, while lower-wage families have been negatively impacted, according to a working paper by economist Edward Nathan Wolff for the National Bureau of Economic Research.

https://www.forbes.com/sites/jackkelly/2024/04/08/how-inflation-benefits-the-wealthy-and-harms-the-working-class/

It is amazing that magats still worship this guy.

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  • [–] 7 points 5 months ago
    [–] 2 points 5 months ago* (4 children)

    It’s illegal to talk about killing him in a serious way as the only way to even begin to stop the insanity.

    And politics@Lemmy.world mods locked the post because they support Trump.

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  • [–] [S] 3 points 5 months ago* (2 children)

    They've locked the post? I'm not seeing any indication of that whether logged in or not and comments are still being added. Do you have time to send me a screen shot?

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  • [–] 1 point 5 months ago

    Seems like it's because that was a duplicate post, or some other meta reason

    The sample screenshot in the sidebar uses an anti-trump article, so it's weird to suggest that they have a pro-trump bias.

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  • 23 comments in c/politics@lemmy.world view that post
    [–] 42 points 5 months ago (4 children)

    I thought he ran on lowering prices. Who would even say this?!

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  • [–] 33 points 5 months ago (1 child)

    Give it until tomorrow before someone on his team has to either translate what Trump meant, or explain that Trump was "just kidding".

    Of course they say that inflation under Biden was the apocalypse or Biden was either in his bunker and Jill was pulling the strings. Now, there is one post on a certain sub as if this was just another day, yet a dozen separate posts about Carmello.

    This guy is a joke. He was never in it for you. Somehow 30% of Americans believe he is the savior. Ask Lindsay Graham.

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  • [–] 7 points 5 months ago

    Give it until tomorrow before someone on his team has to either translate what Trump meant, or explain that Trump was “just kidding”.

    Or... it's like the Iran war... "Hey you know I didn't realize how cool inflation is now... did you know my same old car now can hold $75 worth of gas, it used to only hold 30. Plus you know what, Wages are just lagging behind the inflation a little bit, just give it a few months, and the free market will increase our paychecks.

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  • [–] [S] 59 points 5 months ago

    Of course he does. Inflation hurts working people and benefits the wealthy:

    Forbes: Inflation is an insidious "hidden tax," as it directly impacts the purchasing power of families in the United States. However, the burden is unevenly distributed across the different income and wealth strata. In fact, the upper middle class and the top 1% of Americans have actually benefited from high inflationary periods, increasing their wealth, while lower-wage families have been negatively impacted, according to a working paper by economist Edward Nathan Wolff for the National Bureau of Economic Research.

    https://www.forbes.com/sites/jackkelly/2024/04/08/how-inflation-benefits-the-wealthy-and-harms-the-working-class/ (Preview with paywall.)

    It is amazing that magats still worship this guy.

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  • [–] 16 points 5 months ago (1 child)

    His intended audience is Iran. He's terrified of being made to look weak or get a worse deal than Obama. And he's aware that time is on their side. Look at his comments about escalating the conflict: Iran is "taking too long to come to a deal". He's obsessed with getting a deal quick, but also not giving in.

    He's in a loose/loose position and former presidents in this situation are responsible for the Vietnam war.

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  • [–] 1 point 5 months ago

    You can sum his entire presidency (both terms) up as “because Obama”. Obama being elected so completely broke him that he has to spend all his time and energy trying to be better than Obama. But he’s so clearly not up for the challenge as he fails at everything.

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  • [–] 14 points 5 months ago (1 child)

    He's dumb as shit so probably doesn't understand the question fully.

    Let's hear how the MAGAt morons twist this around... Probably gonna say oh he meant toward the Democrats but not us, his loyal mushroom-fluffers.

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  • [–] 3 points 5 months ago

    The way he answered the question, translated to English from dipshit, sounded to me like he was trying to say he likes where the number is and thinks it’s healthy for the economy; ie, downplaying fears.

    The actual response just comes off as completely out of touch though, which he is. It’s also something no sane politician would dream of saying under any circumstances.

    I too am looking forward to the ensuing mental gymnastics by the sycophants and pundits to try and spin this one. Frankly I don’t think it matters - Israel isn’t letting him pull out of the war, and staying in it will absolutely wreck the economy. I predict that once that pain extends to the oligarchs in any meaningful way, Trump will perish under mysterious circumstances explained away by old age and bad health. Then Vance can begin his run in earnest by trying to pump the brakes on Israeli colonization and land theft. Good luck to him I guess, he’s gonna need it.

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  • [–] 14 points 5 months ago

    No shit he loves inflation. It got him elected didn't it? Now he doesn't have to pretend to care anymore because it does not affect his bribes or anything he actually cares about. Like the deficit, Gaza, military interventions, or war crimes, he has no need to care about anyone's opinion unless they have his ear and a big check for him.

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  • [–] 13 points 5 months ago

    Trump implied that inflation would drop when the U.S. war against Iran is over.

    Inflation will end when the war that doesn't exist, but we already totally won, is over. Which is "soon".

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  • [–] 6 points 5 months ago (2 children)

    Time to start printing stickers, with "I did that" and "I love the inflation" and putting them EVERYWHERE.

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  • [–] 2 points 5 months ago

    Honestly, that’s anodyne compared to things he said before his first election, after his first election, after losing his second election, before winning a second term, and after winning his second term. And yet…

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  • [–] 5 points 5 months ago

    Sounds pretty much like what you'd expect to hear in the dementia wing of any nursing home.

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  • [–] 4 points 5 months ago

    "I meant to do that."

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  • [–] 3 points 5 months ago*

    Why does he always use the definite articles where nobody else would? Is it a symptom of the dementia? Or is he just stupid?

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  • [–] 2 points 5 months ago

    And more "I did that!" stickers...

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  • [–] 1 point 5 months ago

    That the market bought his lie about an end to the war yesterday is fucking depressing and hilariously indicative of how cooked we are

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  • [–] 1 point 5 months ago

    When you have enough money to never work again, everything related to the economy is just entertainment.

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  • 6 comments in c/hackernews@lemmy.bestiver.se view that post
    [–] 7 points 5 months ago (3 children)

    This is actually the most unhinged thing he’s ever said as president. He knows it’s his last term and doesn’t care if the ship sinks. Amazing.

    How will his supporters spin this?

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  • [–] 14 points 5 months ago

    it's not unhinged at all. he's deeply mortgaged on many real estate holdings. inflation increases the nominal value of those holdings, while the mortgage payment stays fixed. inflation increases cash flow because he can charge higher rents.

    he's stupid enough to accidentally trigger hyperinflation, but creating moderate to high inflation is entirely within his rational self interest. he doesn't give a shit what it does to anyone else.

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  • [–] 3 points 5 months ago* (1 child)

    He knows he's never leaving office is what he knows. His supporters don't care.

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  • [–] 3 points 5 months ago* (last edited 5 months ago)

    When Democrats talk about Trump, they talk about his immigration policy and his criminal past as a scam artist.

    When Trump talks to his base, he tells them he’s going to do trade so well that Americans will be able to regain manufacturing jobs.

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  • [–] 2 points 5 months ago

    Ask him to spell it. Either way, ask him to explain why it's a good thing for anyone other than those placing insider dealing bets.

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  • [–] 1 point 5 months ago

    Maybe he wanted to say information?

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