Trump promised to bring inflation down. Well, he did the exact opposite.
77% of Americans said his policies had increased the cost of living. His response?
Affordability was "a line of bullshit," & that he doesn't "think about Americans’ financial situation."
For DAME Magazine's Repairing America series, I spoke to experts about addressing affordability through policies like universal childcare, expanded child tax credit, unionization, wage increases, & more.
Apropos of nothing, read my piece in @DemJournal from March calling for an American Health Service and universal primary care
Americans aren't spending more because they're thriving. They're spending more because things costs more.
Saving accounts are getting drained. Credit card usage is up.
The American consumer is getting stretched to a breaking point.
@AlexSJacquez explains on @MSNOWNews.
To say the cost of living is high is an understatement.
"People want life to be more affordable, but they recognize that the reason why it isn’t is because wealthy corporations, wealthy individuals, have really worked with politicians to rig our economy against working
My op-ed in The Boston Globe today.
Gifted link in next post below.👇🏽
Yesterday's CPI report found inflation is wiping out wage gains.
Today's PPI report confirms wholesale inflation has seen its highest increase in 4 years.
Food, gas, and shelter costs are skyrocketing, fueled by Trump's unilateral decision to wage war.
Trump said this week he doesn't "think about Americans' financial situation."
Inflation has now eaten through a full year of wage gains. Jet fuel alone is up 103.8% over the past year.
Working families are thinking about their financial situation every single day.
Jet fuel is up 103.8% over the past year, & diesel is up 73.8%. Wholesale inflation now at its highest in three years.
Trump says he doesn't "think about Americans' financial situation."
@owenslindsay1 calls it: a "brutal picture for working families heading into summer."
Do Americans actually want a more painstaking and inaccessible economy in which every consumer needs an AI proxy to negotiate against corporate algorithms?
The answer, unsurprisingly, is no.
"The pain isn't over. It's just beginning," warns @groundwork in response to latest PPI numbers.
Yesterday: consumer inflation came in at a 3-year high.
Today: wholesale inflation surged 6% year-over-year.
Wholesale costs are what companies pay before they jack up prices on the rest of us.
What's in the pipeline now is headed straight for your grocery bill & gas tank.
We need to be thinking bigger
“I don't think about Americans' financial situation” - President Trump.
The sky is blue and water is wet.
Nice of him to say it out loud though.
Trump on Iran War:
Reporter: What extent are Americans’ financial situation motivating you to make a deal?
Trump: Not even a little bit. I don't think about Americans’ financial situation
The @ProgressChamber, funded by Big Tech, launched a campaign claiming surveillance pricing regulation would hurt families by taking away their coupons.
Translation: Let us quietly gouge consumers when our algorithm says so or we'll charge them more every time.
