Summary
After campaigning on promises to reduce costs for the working class, Donald Trump has largely gone silent on cost-of-living issues since his election.
In a recent interview, he admitted he could not restore grocery prices to 2019 levels without a recession.
While gas prices and groceries are already falling, Trump’s policies focus on government cuts and HB-1 visa expansions, which may harm his base.
Instead of addressing working-class concerns, he has turned to controversial ideas like buying Greenland or reclaiming the Panama Canal, drawing global criticism.
Working class still has to pay for the rampant inflation caused by fully forgiven PPP loans, Covid checks sent out to every household, tax cuts for the wealthy during the previous Trump term, and 4.5 TRILLION in clandestine bailouts given to big banks in 2019 for bad mortgage backed security loans.
On September 17th, 2019, two days before President Trump signed an executive order to fast-track flu vaccine development due to a ‘potential pandemic flu outbreak’, the Fed started issuing trillions to 24 financial institutions. More precisely, such funds were issued to the same banks previously bailed out in 2008. Out of the $4.5 trillion in loans for Q4 2019, the bulk of it went to Goldman Sachs (103 instances), JPMorgan Chase (197 instances), Deutsche Bank (200 instances), and Citigroup (143 instances).
https://tokenist.com/fed-finally-identifies-banks-received-4-5t-q4-2019-repo-program/
Thank you, DogPeePoo, for this counter to the common bullshit narrative.
You’re welcome.
It’s pretty much fucked. We are headed for Weimer Republic type hyper inflation. The 2008 financial crisis never ended, it’s been a can kicking fest and the Fed bailouts happen more and more frequently without any attempt at course correction for solvency.