Summary
Vice President JD Vance claimed that Donald Trump’s policies will lower grocery prices, but he failed to provide details.
Instead, Vance emphasized vague goals like increasing capital investment and job creation.
Meanwhile, Trump’s recent tariff threats, including a 25% increase on Colombian coffee imports, have driven coffee prices higher, exacerbating grocery costs.
Critics note Trump’s shifting narrative, as he now admits it is “hard to bring things down once they’re up.”
Supporters, however, downplayed price hikes, suggesting cheaper alternatives like instant coffee.
“The way that you lower prices is that you encourage more capital investment into our country,” Vance added.
This clown hasn’t a clue how the economy works.
There are only 3 ways to lower(that came to my mind) prices in a quick way.
1: Abandon regulations. If corporations don’t have to invest into safety, ecology and such stuff they have lower production costs which can mean lower prices.
2: More competition. If corporations have to compete with each other they usually start a battle over who gets the best quality for the lowest price.
3: Subsidies. Nothing to say here I guess.
Edit: Point one and three lower production costs. As others have already pointed out, these dont mean lower prices, but more profit for companys
4 - Reduce Profit Margin.
Corporate has dispatched a kill team to your location.
Corporations don’t willingly give up money. In circumstances like 1 and 3 they’ll more likely just say “thanks for making line go up more” lol. COVID imposed some supply issues that I would assume are mostly mitigated by now, but I haven’t seen costs decrease, only increase–so now we have record profits in many contexts. Subsidies can sometimes help, but it seems to me that the most effective subsidies (in terms of lowering cost) are those with significant, more powerful corporate players downstream (e.g., corn in the US) rather than those purchased by individual consumers who have comparatively little power.
I don’t know that 2 is necessarily quick, but competition can indeed lower prices if a competitor can actually survive against the behemoths in their respective markets. In those instances, corporations can try to shape regulation to squash the upstarts while leaving the big players alone.
I’m not sure that government really has the ability to lower prices in a way that isn’t somehow perverted by large corporate entities given the power they have.
Youre right. I forgot that companies will likely not lower the prices.
1: Abandon regulations. If corporations don’t have to invest into safety, ecology and such stuff they have lower production costs which can mean lower prices.
I think corporations have pretty clearly demonstrated an unwillingness to pass savings in their production chain on to the consumer. For example, very few items have gone back down to their pre-pandemic price point, even though scarcity and supply chain issues from COVID have largely resolved.
Nationalize the companies involved in production and distribution and eliminate profit, making and selling everything at-cost also works.
There’s too much evidence all over the world that point 1 would never work. If deregulation relieve then from certain costs, they’ll happily enjoy higher profits. 🤷
- Reduce trade barriers, like tariffs
Secret option 4: general strike. Pay us more, charge less, or we’ll eat the wealthy before we go hungry.
May 1st. 2028. We all walk out together.
It’s all gonna trickle down any day now, right?
He knows a lot better than the clowns that voted him in. Lowering prices would mean deflation and that’s pretty much universally seen as a bad thing. The best you can do is increase wages. Of which the GOP will do nothing about.
It seems like it’s kept in the same binder Trump keeps his healthcare plan and his plan to end the war in Ukraine
Trump just wants to be president, he doesn’t want to do president
You mean the man who said he had concepts of a plan didn’t have a plan? Color me shocked.
He once smelled someone’s seat who had the concept of a plan. That must count for something
increasing capital investment and job creation.
So giving rich people money, same plan as the last forty years.
Brilliant.
“Supporters, however, downplayed price hikes, suggesting cheaper alternatives like instant coffee.”
Almost like it was never about egg prices at all for alot of them
It was about instant coffee?
Eggs… Now coffee… TIL conservatives hate breakfast.
It’s because those gays run bed and breakfasts, up next on the docket for conservatives are beds.
Yeah, these zellenials spending all their time eating avocado taquitos on their memory foam mattresses are destroying the economy. In my day, we slept on asbestos and mouse poop mats and we liked it.
Columbia’s biggest export to the U.S. is crude oil. So oil prices higher from Canada, this would have been higher oil prices from Columbia… But I believe he didn’t do the tarrifs. Guys a dumbass
Well, we’re only 8 days in. Still plenty of time for him to tariff all of our tits off.
Oh hey, that’s his plan for healthcare costs too.
Funny enough, not his plan for how to resolve issues with minorities wanting rights
Executive orders don’t work for things like reigning in corporate greed. They work for everything else. But helping a large portion of the nations backbone? Can’t do it. Won’t even try.
-DJT (probably)
Supporters, however, downplayed price hikes, suggesting cheaper alternatives like instant coffee.
Translation:
Let them eat cake
Trump should tax the chickens and deport the ones who don’t produce eggs. That’ll scare the others to ramp up production. Trickle down theory for the win. /s
There’s only one way to lower prices. Extremely aggressive government action that will never happen, especially under a Trump adminstration.
First, they would have to hold Congressional hearings and drag the CEOs of these large corporations in front of the House to explain why their profit margins are going up far faster than normal inflation pressures should dictate, and why this trend started during the COVID pandemic. Let these CEOs try to explain away the price gouging and the profiteering. Hold CEOs in contempt if they refuse to answer or give one of those meaningless word salads of buzzwords meant to say a whole lot of nothing, and actually start jailing these bastards for 30 days for trying to tiptoe around it.
Tax profit margins that are above 2019 levels for the industry at 100%. If the average profit margin for the industry in 2019 was 5% and your company suddenly has a 10% margin in 2024, then tax that additional 5% at a 100% tax rate. Make price gouging both illegal and pointless since the government would just take it all anyway.
When CEOs start having to make regular trips to Washington to explain why their profits keep skyrocketing and the government comes in to take all that excess profit anyway, and watch prices come back down.
This, but retroactively as well.
Most of these clowns have no idea of how basic economics work. They don’t even understand basic US history. We tried the tariffs and isolationism route, guess what happened? Great Depression.
What a giant ass. He has nothing to offer at all. Just a fraud.
Does this surprise anyone? I doubt they even have concepts of a plan, because they don’t give a fuck.
We told you so.
So… wait. A conservative laid out a rug, somehow got themselves elected, and then…. pulled it? As a big fan of rugs, I must say that I am very upset by this.
