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The cost of basic food items is up. Eggs are up 48%, cookies are up 27%, and butter is up 31%. This is just the beginning, and it's a disaster.

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The price of eggs is down. There has been a decades-long issue with Mexico regarding water access for farmers along the border, but a deal was reached that is believed to be the best in history for the farmers. Agriculture has a major role in the energy dominance agenda, including biofuels. Under the Biden administration, farmers experienced a 30% increase in input costs, and the U.S. went from a $0 trade deficit in agriculture products to a $50 billion deficit. Congress passed a bill providing $10 billion to farmers who couldn't plant crops, and the USDA distributed the money quickly. The USDA has canceled $6 billion in contracts, including DEI and gender studies, and is undergoing a major restructuring to prioritize farmers. The USDA is also focused on food stamps and nutrition, emphasizing the importance of farmers and ranchers in making America healthy.

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I don't care about grocery prices right now. We're focused on exposing corruption and reducing government spending. We're saving billions by cutting off funding to wasteful projects. Anyone with common sense knows you can't fix the economy overnight. So let's focus on the bigger picture here.

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How do programs like SNAP benefits impact food choices? Many SNAP benefits are spent on unhealthy foods. While I’m not familiar with how other countries manage similar programs, I know SNAP is a crucial USDA initiative. Many children in the U.S. rely on it because their families struggle to afford nutritious diets. There was significant debate about this issue previously, and I believe a key improvement would be for the U.S. government to leverage its purchasing power to buy healthier food options.

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In 2019, cereal prices were $2.49, but by October 2023, they increased by $2, an 80% hike. Americans are angry about rising food prices. Kroger plans to buy Albertsons, making it the 4th largest grocer. People worry that this merger will lead to higher prices and fewer choices. The FTC previously allowed a merger between Safeway and Albertsons, but it didn't go well. The new company sold some stores to maintain fair competition, but the buyer, Haggen, went bankrupt within a year. Now, Kroger's proposed merger with Albertsons faces scrutiny from the FTC. The FTC is concerned about the potential for higher prices, lower quality, and reduced benefits. The decision will have significant implications for consumers and the food industry.

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There's so much more that goes into the cost of our food than just the actual food itself. There's a lot that goes into the producing it, moving it around, the transportation, the marketing, getting it on the shelves. It's not just the food. It's all of the inputs that go into it. Unexpected global events set the stage for a sudden rise in food costs. It was a global pandemic. There were disruptions all around the world in terms of production at the same time that you just have this unexpected, unprecedented wave of demand, that is a recipe for it to really break down and you to go into grocery store and see empty shelves or go into grocery store and see really higher prices.

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Check out these insane tariffs that Canada imposed on the US last year: 250% for milk, 291% for butter, and over 200% for whey and cheese. Meanwhile, we charged them far less for the same goods. Since Trump announced tariffs, everyone suddenly became an economics expert. I don't know how tariffs will affect the economy, and neither does anyone else. But I do know tariffs led Apple to build a new factory and hire 20,000 Americans. Honda is building Civics here instead of Mexico. Taiwan Semiconductor is investing $100 billion to build five chip factories in the US. Tariffs pressure China, Mexico, and Canada to stop the flow of fentanyl. Tariffs are one tactic in an economic strategy. Are we willing to tolerate short-term disruption for long-term gain? Macroeconomics are complicated and take time to play out. Are you listening to people who want the President to fail, even if it hurts America?

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Eggs cost under $1.50 a dozen when Kamala Harris took office, but now cost around $4 due to her inflationary policies. Pennsylvania has seen some of the worst grocery price increases in the nation because Harris cast the deciding vote on the "inflation explosion act." Pennsylvanians should be able to afford groceries, but Harris has presided over a $1,000 increase in monthly expenses to afford the same life as three and a half years ago. The speaker believes that firing Kamala Harris and returning to common sense economic policies is the only way to make groceries affordable again.

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Donald Trump governs financially better than Joe Biden. Inflation is not a global issue due to COVID supply chain disruptions. Prices for gas, groceries, and dining out have risen since Trump left office, attributed to Biden's regulations on industries. Trump would remove regulations to provide relief to Americans.

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The speaker presents a chart showing 40 years of egg prices, noting increases (red) and decreases (blue). Egg prices went up under the first Obama term, down under President Trump, and then skyrocketed (blue). While avian flu is a factor, the speaker attributes high egg prices to high input costs, regulation, and the closing of export markets. The speaker claims that since Joe Biden took office, there is a $49 billion deficit in agricultural products, compared to zero under President Trump. The speaker states they are working to address the issue.

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Lawn maintenance costs are set to rise significantly because 90% of workers in this industry are from Mexico. Stephen Miller, appointed by Trump for mass deportations, plans to target these workers, including naturalized citizens. American families are reluctant to let their young adults take on lawn maintenance jobs, leading to a shortage of available labor. As a result, finding lawn care services will become more difficult, and prices may double or triple. This labor shortage will also impact other sectors, including food supply and construction, as there aren't many Americans willing to take on physically demanding jobs like hauling cement.

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The cost of basic foods is increasing. Eggs are up 48%, cookies are up 27%, and butter is up 31%. This is just the beginning, and it's a disaster.

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Americans can expect higher prices for Thanksgiving due to inflation under President Biden's administration. Since taking office, food prices have risen over 17%, with frozen vegetables and uncooked beef steaks up almost 11%. Even sauces and gravies have increased by 7.5%. The consumer price index rose at an annual rate of 3.2% in October, and the inflation we've already experienced has not been resolved. A recent poll shows that two-thirds of adults have seen their household expenses rise, and 73% describe the national economy as poor. Only 21% believe their financial situation has improved under Biden. Single subject spending bills are advocated as a solution to cut spending, as opposed to continuing resolutions and omnibus bills. The Biden administration's claim of a 16¢ decrease in food costs has proven untrue.

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President Trump has stated that high grocery prices contributed to his election. The Department of Agriculture reports that 42% of crop workers were undocumented immigrants from 2020 to 2022, often filling jobs that many Americans avoid. However, only 1% of undocumented workers are in agriculture, with most residing in cities. The migrants brought in recently are not working on farms but are in urban areas. Trump supports a guest worker program and emphasizes transitioning to automation in agriculture. He insists on enforcing immigration laws to prevent illegal immigration and protect citizens, asserting that the government will combat transnational threats effectively.

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The discussion focuses on the impact of Trump's immigration policy on farmers. There has been a 7% decline in American farms from 2017 to 2022, with farmers facing challenges like rising costs, climate change, and labor shortages. Approximately two-thirds of farm workers are foreign-born, and 42% of crop laborers are undocumented. Farmers express concern over potential mass deportations, which could exacerbate labor shortages. While economists suggest that grocery prices may not dramatically increase, there could be a rise in imported produce, raising environmental and labor concerns. This situation may also lead to more mechanization on farms and could threaten the viability of American agriculture.

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Everyday prices are too high, including food, rent, gas, and back-to-school clothes, which is called Bidenomics. A loaf of bread costs 50% more today, and ground beef is up almost 50%. There's not much left at the end of the month. Bidenomics is working. The price of housing has gone up, and it feels hard to get ahead. The speaker states they are very proud of Bidenomics.

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The Camilla Harris price hikes have cost the average family $28,000. Credit card debt is at an all time high, and the prices of things have never been like this before. To bring the prices down and have a good life, vote for Trump.

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The speaker believes that the government has been lying about inflation for decades. They mention an article in the New York Times that claims inflation is declining, but groceries remain expensive. The speaker explains that the Consumer Price Index (CPI) is used to measure inflation, but it can be manipulated by the government. The CPI now considers changes in the quality of goods and allows for substitutions, which can result in lower reported inflation. The Bureau of Labor Statistics, which calculates the CPI, operates with secrecy and does not make the raw data available to the public. The speaker questions the lack of transparency and suggests that inflation may be higher than reported.

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Speaker 0: We saw US bankruptcies at the highest rate since Trump's last presidency. We see the economy shuttering due to tariffs. We see vegetable prices going up 40%. There are bunch of different You know why? PPI just said that vegetable price is going up 40%. I'm asking if you know why. Sure. Storms, weather, droughts all over the world. What about electricity prices going up 10%? It has it has to be. Do know when liberation I think if you're gonna throw out Donald Trump is responsible for vegetable, but you should come and know Liberation will be terrible.

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My tomatoes are rotting, and I’m not making any sales. It’s been terrible since Trump threatened to deport everyone. Nobody’s coming to the farmer’s market anymore. Look at all this produce—I’m practically giving it away. I’m forced to sell a whole box of corn for just $15. It’s a disaster.

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A loaf of bread costs 50% more today than before the pandemic. Ground beef is up almost 50%.

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Inflation has steadily cooled over the past two years despite seeing a slight stall in October and November 2024. Prices for items like gasoline, used cars, and energy have declined accordingly. But food prices continue to outpace inflation, increasing by 28% since 2019. Eighty six percent of consumers reported feeling frustrated with rising grocery prices, and over a third said they have resorted to buying fewer items to save money. That's one of the real gauges people have of their cost of living because it's an important aspect of their cost of living, and it's something that we have a lot of exposure to. We go to the grocery store. We pick up the different products. We look at the prices.

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The Federal Reserve just said that the expectation is higher inflation and higher unemployment in 2025. In support of our goals, today the Federal Open Market Committee decided to leave our policy interest rate unchanged. The risks of higher unemployment and higher inflation appear to have risen, and we believe that the current stance of monetary policy leaves us well positioned to respond in a timely way to potential economic developments. So it's primarily being driven by the tariffs. If the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in economic growth, and an increase in unemployment. The effects on inflation could be short lived, reflecting a one time shift in the price level. It is also possible that the inflationary effects could instead be more persistent.

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The speaker argues that the affordability crises facing Americans are traceable directly to Joe Biden and congressional Democrats. The speaker attributes three specific failures to this leadership, presenting them as causal factors behind rising costs and economic strain. First, the speaker claims that homes have become unaffordable because “we had 20,000,000 illegal aliens in this country taking homes that ought by right to go to American citizens.” This assertion links housing affordability directly to immigration levels and a perceived misallocation of housing resources. Second, the speaker contends that tax bills have become unaffordable because “Democrats were raising taxes while congressional Republicans under president's leadership were now cutting taxes.” In this view, tax policy under Democrats is framed as punitive to ordinary Americans, in contrast to Republican tax reductions during the same period. Third, the speaker asserts that food has become more expensive due to “trillions of dollars” being printed and directed into “green scams that made our agricultural economy suffer while Americans were paying higher prices for food.” This claim connects monetary policy and climate-related or green initiatives with increased food costs. Across these points, the speaker emphasizes a consistent narrative: on each major affordability issue—housing, taxes, and food—the administration’s and Democrats’ policies are presented as the root cause. The speaker concludes with, “On every single one of those issues, mister president, I think we've made incredible progress,” signaling a claim of progress despite the cited problems. The statement implies that while the speaker believes progress has been made, the underlying causes identified for each affordability challenge remain central to the discussion.

Breaking Points

Trump Gives Economy A++++ As Bankruptcies SKYROCKET
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The hosts dissect the state of the economy by contrasting Trump’s confident rhetoric with mounting concerns about real-world outcomes like pricing pressures, tariff-driven costs, and stubborn inflation. They emphasize a contradiction between claims of an A++++++++ economy and the persistent hardships people face, noting that affordability is sometimes framed as a hoax even as working families struggle with groceries, rents, and energy costs. The discussion also highlights how political messaging around tariffs is shaping perceptions of growth, with critics arguing that policy shifts have not reliably revived manufacturing or lowered consumer prices, despite optimistic pronouncements from the administration and supporters on Capitol Hill. A central thread is the role of tariffs and industrial policy in shaping prices and employment, including how domestic inputs and global supply chains complicate the intended effects of protectionist measures. They also explore dynamic pricing practices tied to tech platforms and services like Instacart, arguing these mechanisms could worsen cost-of-living pressures for price-sensitive households. Against this backdrop, the show weighs the political calculus of keeping Trump on the campaign trail to mobilize a base, while acknowledging that midterm strategizing may hinge on perceptions of affordability, inflation, and the long-term viability of tariff policy.
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