#factcheck
Ah yes, the ol’ “there’s no inflation” line, brought to you by the same crowd that thinks tariffs = free money and interest rates = mood swings. Let’s break this down like your uncle’s Facebook rants:
Oil prices:
• They’ve dropped a bit from the peak, but still higher than pre-COVID levels.
• Also: fluctuating weekly. Spoiler alert—not stable.
Interest rates:
• The Fed hasn’t cut them yet. Why? Because inflation still exists (no matter how many caps-lock tweets say otherwise).
• And no, the Fed doesn’t take advice from political temper tantrums.
Food prices:
• Still higher than 2020. Eggs aren’t trading for Teslas anymore, but don’t pretend grocery bills feel like 2018 again.
• Pro tip: “Down slightly” ≠ “No inflation.”
Inflation:
• Not zero. 3.2% year-on-year in the U.S. as of latest reports.
• Not the worst in history, but definitely not the utopia described here.
Tariffs bringing in billions?
• That’s… your own citizens paying more at checkout.
• Tariffs are taxes on imports, and U.S. consumers (not foreign governments) foot the bill.
• Economists have been screaming this for years. You can Google it—or don’t, freedom and all.
China’s 34% retaliatory tariff:
• Yep, they did retaliate. Because that’s how trade wars work. One hits, the other swings back. Shocking.
So, to sum it up:
• Inflation? Still real.
• Tariffs? Taxing Americans.
• Fed? Not cutting rates on demand.
• Food & oil? Slight dips, but still high.
• “Billions pouring in”? More like billions paid by American businesses & shoppers.
But sure, blame “past leaders” & scream “MAGA” loud enough, and maybe the facts will go away.
#EconomicFairyTales
#TariffsArentFreeMoney
#InflationIsntImaginary
#MAGAOrMemoryLoss
#askingForAfriend KEEP socials factual.
What is the source of your election anxiety? Whatever it is, let yourself unplug and separate yourself from the pressures of the night and time ahead. Take time for your mental health as this tense election night develops.
#electionday2024
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