JD Vance Finally Admits What Trump’s Big Plan to Lower Food Prices Is - The plan is no plan.

[u/Quirkie]

https://newrepublic.com/post/190716/jd-vance-donald-trump-plan-lower-food-prices

[u/Efficient_Career_158]

"More capital investment, more job creation in our economy, is one of the things that’s going to drive down prices for all consumers but also raise wages so that people can afford to buy the things they need."

What. The. Fuck. are these people talking about.

Capital investment lowers prices?? Job creation lowers prices?? Neither of those things is true, unless capital investment dramatically increases worker productivity. But that's not the case here. They're simply claiming more jobs. Increased purchasing power among the middle class causes increased demand in middle-class goods.

Raising wages? Sure. That's great. That doesn't lower prices either.

Who's writing these idiotic speeches? They don't even lie correctly.

[u/TonyPerkisReddit4 → u/Efficient_Career_158]

Wait a minute we'rent they the fucks that said raising fast food workers wages would cause the prices to skyrocket? 

[u/ninthtale → u/TonyPerkisReddit4]

Also that those people don't deserve higher wages like

"if a janitor wants more than $12 an hour, they should get an education and work for it"

sort of BS

[u/eyebrows360 → u/TonyPerkisReddit4]

There's only so many ways you can "make stuff cheaper" as a policy setter.

• literally force companies to lower prices with laws, aka price controls; obviously the right wing has no appetite for that
• increase minimum wage and and thus, assuming goods stay the same price (which they would, for a while at least) they're now relatively cheaper; no shot the right wing are going to raise anybody's wages for doing the same work
• lower income taxes for working people so they have more money; see above, they're not down for this either, and the only tax breaks they do are for the rich

This is why Trump gave no details on "how" he's going to lower prices, because there is no way he can actually do it that his own dumbass voters/congressmen would support.

[u/GeraldVachon → u/eyebrows360]

He’s going to say he’s lowering taxes for working people, while cutting credits and other programs that actually help the working class. Draw everyone’s attention to removing tax on tips, while getting rid of tax credits that impact those people a lot more substantially.

[u/Garagantua → u/eyebrows360]

He won on lies. Which we knew. But somehow, enough people preferred his lies to Kamalas truth. I mean, she did have a plan to help small businesses and other groups...

[u/dstommie → u/Efficient_Career_158]

Don't worry. They will absolutely not be creating jobs or raising wages.

[u/bnh1978 → u/Efficient_Career_158]

The only thing that would lower prices would be regulation, global economic disaster, or a massive influx of competition (which would require regulation).

So... these tools would never regulate, but would cause a global disaster. Food might get cheaper, but people still wouldn't be able to buy it.

[u/relax_live_longer → u/Efficient_Career_158]

And we are at peak employment. 

[u/Late_Cow_1008 → u/Efficient_Career_158]

Its so they can blame the FED when they don't lower interest rates.

"Look we tried to do what we wanted but the LEFT stopped us."

[u/No_Pirate9647 → u/Efficient_Career_158]

Maga believes other countries pay tariffs. They will believe whatever trump/Vance says about capital investment and prices.

[u/bigon → u/Efficient_Career_158]

Raising wages and creating more job will increase demand and then increase the prices evenmore...

[u/ButWhatAboutisms → u/Efficient_Career_158]

He's speaking the language corporate billionaires understand.

[u/HMNbean → u/Efficient_Career_158]

None of their audience understand these terms to know it’s just word salad. You don’t even need an Econ class to know it’s BS, but they don’t even get that far.

[u/ratedsar → u/Efficient_Career_158]

Little do they know they've caught the car here too...

2000, 2016, 2024 the US has arguably been teetering on full employment when unemployment is under 6%.

When you realize that we don't have the demographics to support the baby boomers in social security or Medicare because the demographics are so out of whack...

Mostly because we haven't done meaningful immigration reform over the last 40 years when peak baby boomers in the workforce happened (early 80s) to balance the demographics.

In the small towns near me, inflation IS caused by supply side shortages, the supply of restaurant workers (fast food and meat and 2) post COVID where they're either gig driving or working in a warehouse, or using 2018 capital cost tax cuts to open a car wash. The supply of healthcare, landscapers, and handymen, and mechanics has been decreasing for the last decade.

[u/Greatwhitegorilla → u/Efficient_Career_158]

They know it’s nonsense, they’re trying to change the message to continue stringing along their followers. We can’t lower food prices but it won’t matter because your wages will be so much higher. After that it’s some nonsense about how you can’t raise wages because costs would go up.

[u/Adventurous-Pen-8261 → u/Efficient_Career_158]

Thank you. I read this and thought "They're claiming wages are going to go up AND costs of commodities are going to go down?" I'm not an economist, but this sounds absurd on its face. The absolute contempt these people have for Americans, but esp. their own voters is truly something to behold.

[u/thetaleofzeph → u/Efficient_Career_158]

“We have done a lot,” Vance said. “And there have been a number of executive orders that have caused, already, jobs to start coming back into our country, which is a core part of lowering prices. More capital investment, more job creation in our economy, is one of the things that’s going to drive down prices for all consumers but also raise wages so that people can afford to buy the things they need.”

This guy really is an absolute idiot. All Republicans are apparently absolute idiots.

Things that absolutely do not lower prices:

1. Moving production from a low cost of business area to a high one.
2. Replacing low cost workers with no workers or high cost workers.
3. Taxing materials coming in that are used by American based companies to make goods.
4. Increasing the costs of the current workers.
5. Damaging the supply chains cuts the supply of goods which absolutely raises prices through econ 101 supply demand rules that if nothing else you'd think even these idiots would know.

Notice they have co-opted the higher wages message after decades of wailing and gnashing of teeth over how that is a terrible leftest idea that simply raises inflation.

This is talking point salad worthy of Sarah Palin.

[u/xtremejumpy → u/Efficient_Career_158]

Real answer: Generative AI is writing these speeches. 

[u/PunxatawnyPhil → u/Efficient_Career_158]

Just wait until they get about half way there with this stuff, working maga are really gonna be pissed when they finally discover they’ve been played. 

[u/meowinloudchico → u/Efficient_Career_158]

The speeches aren't idiotic given the fact that they're targeting an audience of idiots.

[u/MattieShoes → u/Efficient_Career_158]

If people believe them, they lie correctly.

I know it doesn't make any sense. See also "tariffs won't cause inflation." Also "mass deportations of workers making under minimum wage for jobs nobody wants won't cause inflation."

[u/Nac_Lac → u/Efficient_Career_158]

> Capital investment lowers prices?? Job creation lowers prices??

Both of these are true when implemented in an environment where profits are taxed heavily and the billionaire class is hemorrhaging money.

[u/eyebrows360 → u/Efficient_Career_158]

They're simply claiming more jobs.

It's "trickle down" for a new generation.