Posted on 05/14/2025 6:42:51 AM PDT by ChicagoConservative27
The anti-science freak-out predicting President Donald Trump’s tariffs would explode consumer prices has now been debunked as yet another legacy media hoax.
The far-left Politico grudgingly admits: “Trump tariffs have little impact on prices so far, defying grim forecasts,” reads the headline. “Inflation climbed at the slowest pace since early 2021 in April, surprising economists who anticipated tariff-related increases,” reads the sub-headline.
Notice how the propagandists at Politico lay the blame on “economists” for getting this wrong. But when the media cherry-pick the economists and experts to quote, the media are equally guilty. We all know how this game is played.
Here are some previous Politico headlines (I don’t link fake news):
Consumer expectations crater to three-decade low amid Trump tariff chaos Yellen on Trump’s tariffs-taxes idea: It would ‘make life unaffordable’ This Economic Paradox Nearly Took Down Three Presidents. Is Donald Trump Next? ‘How Ugly Is This Going to Be?’ ‘We just haven’t seen anything like this’: Farmers brace for Trump’s trade war ‘There are no guarantees’: Scott Bessent won’t rule out a recession Trump’s second-term honeymoon might be over ‘The opposite of what Americans voted for’: Market turmoil causes Trump backlash Trump’s tariffs come for fast fashion, and the blowback could be fierce. I’m a Conservative Economist. Here Are 6 Reasons Trump’s Plans Won’t Work.
(Excerpt) Read more at breitbart.com ...
BTTT
When one consumes media bias in parallel with one's own bias, reality is sure to be obscured.
And then "happy talk" is defended by angry talk and slamming hands on desks and all.
It was quite refreshing when I told my wife, “That IS the standard Keynesian response regarding tariffs. However that does not match the reality of a capitalist market economy.”
Silence because...well, I was right.
Politco is wrong because most of their writers can't do math beyond high school Algebra II - they are clueless and arrogant abouy it. Diversify Politico - add people who are capable of understand economic realities.
Now, my grocery bill was not affected at all this week. But, then, I don't buy "made in China".
More:
David Rosenberg, founder and president of Rosenberg Research & Associates, said he was impressed by Trump.
“He has convinced everyone that a 30% tariff rate on China, and a 13% average tariff rate on the world (was 2.5% in 2024), are both normal and manageable,” Rosenberg wrote in a post on X.
“Nothing like a 10-percentage point levy on this $30 trillion beast called Global Trade,” he said. “The Art of the Deal is working brilliantly.”
TY for posting
If the facts are not in your favor, bang the table harder.
My TDS friends have become rabid with rage at the lack of problems. They kept predicting disasters and they never happened.
Its interesting to watch
What the biased prognosticators got wrong is the fact that people just don’t make the purchase of the product if they perceive the price is to high.
Which can cause several macro economic problems...but inflation is not one of them.
And most of the problems it creates are elsewhere, not here.
Food and energy inflation is not on the table to any great extent.
Corrected.
When you’ve been getting raped by other’s tariffs for decades, it’s like a new world when you start fighting back.
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