Since July 1, Trump has referred to the U.S. having "no inflation" 11 times at eight events -- the facts show different

essentialsaltes · Friday at 10:34 AM

President Donald Trump says the US has ‘no inflation.’ By 2 measures, he’s wrong.

On Sept. 19, while meeting reporters in the Oval Office, Trump referenced his tariff policy, saying, "Even people that were against the tariffs, now they see the way they're working. And by the way, with no inflation, with no problem, we're just building up cash and we're using that cash to reduce taxes, reduce debt, and other things."

First a little sidebar on tariffs:

Inflation could be a third lower without tariffs, financial decision makers say

Chief financial officers estimate tariffs are to blame for about one-third of their companies’ price growth this year, according to The CFO Survey issued by Duke University and the Federal Reserve Banks of Richmond and Atlanta.

Ok, back to 'no inflation':

It wasn’t the first time he said that. Since July 1, Trump has referred to the U.S. having "no inflation" 11 times at eight events — a radio interview, a bill signing, bilateral meetings with a foreign leader, gaggles with reporters, a Cabinet meeting, and a roundtable in Florida.

In a Sept. 12 interview with Fox News, he hedged slightly, saying, "We have almost no inflation anymore."

Trump is wrong by the literal inflation rate. In August, the year-over-year consumer price index increase was 2.9%, just a hair lower than its 3% level when Trump began his second term.

Going straight to the BEA for the government's preferred inflation index, it's apparent that the advent of the Trump Administration really has done nothing at all for inflation. If you say it's going down, you're full of beans. If you say it's going up, you're full of beans. That's a pretty flat line.

mark46 · Friday at 10:35 AM

Trump lies.

News at 11.

GoldenBoy89 · Friday at 10:45 AM

mark46 said:
Trump lies.

News at 11.

The real story is people keep believing him. Remember the reaction to the Biden administration telling everyone how good the economy was doing?

mark46 · Friday at 11:04 AM

GoldenBoy89 said:
The real story is people keep believing him. Remember the reaction to the Biden administration telling everyone how good the economy was doing?

People believing Trump's lies is the "real story"? LOL

Say it aint so · Friday at 11:17 AM

I would have love to seen the real time thought bubbles of all the world leaders as Trump gave his insane UN speech.

Desk trauma · Friday at 11:33 AM

The president’s feelings don’t care about the facts.

wing2000 · Friday at 11:34 AM

....some people want to believe him until they see the total at the gas pump or grocery check out.

wing2000 · Friday at 11:37 AM

And more tariffs anounced today..

In a post on social media, Trump said the new tariff for heavy trucks would be 25 percent and would seek to help companies such as Peterbilt, Kenworth, Freightliner and Mack trucks. New import taxes of 50 percent will be imposed on “all Kitchen Cabinets, Bathroom Vanities, and associated products,” Trump added. Upholstered furniture will be subject to a 30 percent rate, he said."

“Branded or patented” pharmaceutical products may face a rate of 100 percent, Trump also said in a separate post. However, he suggested drug companies that are building plants in the United States could face lower tariffs.

https://www.washingtonpost.com/business/2025/09/25/trump-tariffs-pharmaceuticals-trucks-furniture/

rambot · Friday at 12:24 PM

GoldenBoy89 said:
The real story is people keep believing him. Remember the reaction to the Biden administration telling everyone how good the economy was doing?

I don't think it has ANYHTING to do with believing him. I think the reason why conservatives avoid threads like this is because the know it's not true.

I think people are just giving him a free pass; he can lie. It doesn' matter "Because democrats lie". I mean, the comparison is absurd but it's just about some kind of justification to "let trump do his thing".

DaisyDay · Friday at 12:25 PM

This president is a disaster for the country like we've never seen before.

rambot · Friday at 12:31 PM

DaisyDay said:
This president is a disaster for the country like we've never seen before.

What is so weird is that he is clearly making no effort to improve ANYTHING. Like really.
I mean, he didn't ACTUALLY want to reduce the debt OR deficit, he wanted to stop helping poor people or wasting money on things like cancer treatments.
He wanted to make America safer...seen no evidence of that...have we?

He did manage to deport a bunch of coloured people that he also got to characterize as predators and drug dealers and the like while most of htem were no such things at all.

Economy is better? Not by any metric i've seen.

Withdrawing out of conflicts? No

Grocery prices down across the country? Well, apparently in tiny, tiny pockets but not broad picture.

What is better?

Richard T · Friday at 6:58 PM

The last time the Federal Reserve hit their target on inflation of 2% or lower was early 2021. Almost 50% above target even now. How they measure inflation too is somewhat of a scam. I think the untold story as of yet too is that bondholders are tired of getting almost nothing or even losing in their holdings. Maybe the Japanese are polite and some even took negative interest rates on their savings, but Americans expect their savings to earn inflation plus maybe a percent at least. With US govt high debt loads and China selling what they own it is getting and harder to finance the US government. That is why interest rates for mortgages went up a quarter of a point since the Fed cut a quarter percent. I bought a few bonds in my retirement fund at 3% that were for 20 plus years. The 1000 I paid for each bond went to around a value of 650. With an irresponsible debt-ridden government and out-of-control spending I will never buy at those low rates ever gain. The risk is too great. The US government basically pumped the stock market and crypto at the expense of bonds. The reckoning is coming and though Trump will replace the Fed. Chair next year, if they are even half honest at the Federal Reserve they will have to consider inflation in their decisions. Even if all Trump loyalists vote his way, don't expect mortgages or the prime rate to be 3% unless it is government subsidized.

There is a backstory too on the Federal Reserve person that just left Adriana Kugler. Most likely she was pressured to leave. That is why they combed the records of the Board of Governors looking for a chance to boot some. Though we do not know about Kugler for certain, it was abrupt. Lisa Cook, on the other hand we know what it was. I do hope she gets a chance to continue until her case is finished. If Trump gets his way the bond market may not cooperate, then the USA is back to the Federal Reserve buying mortgages and long term debt to skew the market with new money from the treasury.

One last rant. The US government seems bent on hoping you will buy crypto stable coins with your money at no interest. They are not guaranteed by the government but they simply track the same dollar amount in crypto. So you buy a 100 and get back a 100 IF all goes well with the crypto firm. They buy U.S. government debt, that earns the crypto company some interest. Maybe I'm stupid but: What is the point of buying that? Required by law not to give interest? How noncompetitive and big government do we want?

"Kugler did not publicly provide a reason for her resignation. The Federal Reserve stated that she planned to return to Georgetown University as a professor, but her early departure, which opened a seat for President Donald Trump to fill, led to public speculation about whether she was pressured to leave." Source: AI google

essentialsaltes · 2025-09-28T12:46:26-0500

Counterpoint from Veep Vance.

There is inflation, but it's Biden's fault.

JD Vance Admits Housing and Groceries Are Too Expensive — Blames Biden

“First of all, we have to give the president a lot of credit here. He inherited one of the worst inflation crises in American history,” said Vance. “Housing is too expensive. Groceries are too expensive. I would say they are too expensive because we inherited a disastrous Biden economy.”

rambot · 2025-09-28T15:58:38-0500

essentialsaltes said:
Counterpoint from Veep Vance.

There is inflation, but it's Biden's fault.

JD Vance Admits Housing and Groceries Are Too Expensive — Blames Biden

“First of all, we have to give the president a lot of credit here. He inherited one of the worst inflation crises in American history,” said Vance. “Housing is too expensive. Groceries are too expensive. I would say they are too expensive because we inherited a disastrous Biden economy.”

Where is that reference thread. How does it compare?

essentialsaltes · 2025-09-28T21:34:06-0500

rambot said:
Where is that reference thread. How does it compare?

I mean, if it's Biden's fault 8 months later, it's Biden's fault, but inflation is roughly flat over the past year, though it has crept upwards the last four months thanks to Biden.

Since July 1, Trump has referred to the U.S. having "no inflation" 11 times at eight events -- the facts show different

Fact-Based Lifeform

President Donald Trump says the US has ‘no inflation.’ By 2 measures, he’s wrong.​

Inflation could be a third lower without tariffs, financial decision makers say​

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JD Vance Admits Housing and Groceries Are Too Expensive — Blames Biden​

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JD Vance Admits Housing and Groceries Are Too Expensive — Blames Biden​

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