Summary

President Joe Biden touted his administration’s economic recovery efforts, citing job growth, reduced inflation, and infrastructure investments, as he prepares to hand off a strong economy to Donald Trump.

Biden criticized Trump’s proposed steep tariffs on imports, warning they could harm the economy and reintroduce inflation.

Trump plans tariffs against China, Mexico, and Canada, raising concerns about trade disruptions similar to those seen during his first term.

Economists caution that such policies could quickly reverse recent economic gains and weaken the U.S. economy.

  • blindbunny@lemmy.ml
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    1 day ago

    You thought inflation was bad. Get ready for Trumpflation.

    I guess that’s better then renaming the war economy “Bidenomics”

    Grow food if you can now folks shit is about to get bad. Buy flour in mass if you can.

    • krashmo@lemmy.world
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      1 day ago

      Not flour, unground wheat berries. Cheaper to buy in bulk with a much longer shelf life.

        • krashmo@lemmy.world
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          1 day ago

          True, if you need a fancy mill it can be expensive. However, if this a survival food you can find a way to grind it with rocks or whatever else you have access to in the event that you need to.

          • RememberTheApollo_@lemmy.world
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            1 day ago

            I appreciate the thought of having a food reserve for emergencies, but at the same time if you’re reduced to grinding stored grain with found rocks, I gotta question what people are living for.

            • krashmo@lemmy.world
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              1 day ago

              There’s lots of scenarios in which you might find yourself doing something like that for a short while before relative normalcy returns. Even if it doesn’t the desire to live is a pretty strong motivator. Presumably one who cares enough about survival to buy emergency food supplies would want to carry on living, or else why buy them in the first place?

              • RememberTheApollo_@lemmy.world
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                1 day ago

                It wasn’t a commentary on the purchase of emergency goods. We have some as well, it’s just a good idea. It was more about being reduced to primitive means of making that food usable. While that could be because of an oversight and failure to purchase appropriate tools ahead of time, my take was that things were so bad that one is forced to such lengths to survive (as in nothing else to eat, no access to tools, etc) things have likely gotten a bit beyond a possible return to normalcy.