By John Q. Hosedrinker 
While inflation has been curbed somewhat by Biden’s policies, including regulatory oversight and investment programs aimed at stabilizing supply chains, the likely return of Trump’s policies will reverse these gains and trigger a surge in inflation. Trump’s proposed actions, such as deregulation, repealing Biden’s investment programs, and increased deportations, will exacerbate supply chain disruptions and labor shortages, leading to higher prices across various sectors. Additionally, his rejection of climate change policies and continuation of tax cuts will contribute to increased costs for consumers, while his tariff proposals hold the potential for massive inflationary pressure. Ultimately, a Trump presidency is poised to significantly increase inflation, a reality that the Democratic Party should actively communicate to the public.
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Get ready for “Trump-flation,” a wave of inflation that will likely be much worse than what we’ve seen under Biden. It’s no secret that Trump won the election in part due to a backlash against rising consumer prices. His supporters, many of whom are struggling to make ends meet, were frustrated by inflation and blamed Biden for it. But what they may not realize is that Trump’s own policies will exacerbate the situation, leading to even higher prices.
It’s true that Biden inherited a difficult economic situation, with inflation already on the rise due to the pandemic and global supply chain issues. However, Biden and the Democrats were able to bring inflation under control, with the current rate hovering around the Federal Reserve’s target of 2%. But Trump’s plan to impose broad tariffs on imported goods will likely lead to a surge in inflation. These tariffs will increase the cost of goods and services, putting a strain on household budgets. And since these tariffs will target necessities like food and clothing, everyone will feel the impact, particularly low-income families who already struggle to afford these items.
This is not just a matter of conjecture. History has proven that tariffs are a potent source of inflation. When Grover Cleveland won his second term, he did so in large part by campaigning against the high tariffs implemented by the Republicans, which had significantly raised prices for consumers.
Trump’s policies also threaten to derail the progress that Biden has made in restoring the economy after the pandemic. While corporate greed and supply chain issues played a role in the recent rise in inflation, Biden’s policies have helped to stabilize the economy, bring unemployment down, and provide much-needed relief to struggling families. Trump’s policies, however, will likely undermine these gains, leaving the country more vulnerable to economic instability.
It’s also worth noting that Trump’s immigration policies are a recipe for economic disaster. The mass deportation of undocumented workers will devastate key industries, particularly agriculture, leaving millions of jobs unfilled and driving up the cost of food. These policies will also be costly to implement, adding to the national debt and further burdening taxpayers.
So while Trump’s supporters may be celebrating his victory, they may soon find themselves regretting their choice. The coming economic storm will be fueled by Trump’s policies, and it will leave a trail of hardship in its wake. It’s time for everyone to understand the true cost of these policies, before it’s too late. Remember, the economy doesn’t operate in a vacuum, and actions have consequences. Let’s hope that people will open their eyes to the reality of what’s coming and demand better from their leaders.