They promised us cheaper eggs and they handed us a war, a tariff gun, and a Christmas where the gaming console costs more than the rent. Holy shit, what a plan.
Commerce Department said it themselves: 3.7% in July, year over year. That’s the checkout line and the gas pump, not a number on a screen.
It was 2.9% in February before the Iran war started. Now it’s 3.7%. The war they started is at the pump and it isn’t going anywhere.
Trump’s out there threatening new tariffs on Canada and China. That’s lumber, that’s parts, that’s everything that crosses a border getting marked up before it lands.
The AI buildout is the third leg of the same stool. Companies are spending so goddamn much on chips and data centers that the gaming console my kid wanted for Christmas now costs what we used to pay for a car payment. That isn’t American strength. That’s the bill for someone else’s capex.
And who’s paying for all three at once? The same family that did everything they were told. The family in Adams County with the union card that doesn’t exist anymore.
The oil patch got the war. The donor class got the AI capex. The trade hawks got the tariff theater. The family got the damn bill.
Warsh is set to give his first big speech Friday in Jackson Hole. Wonderful. Spectacular. Meanwhile the gas light stays on and the grocery total keeps climbing.
Three ways to gouge a working family and they found all three at the same time. Take the flag pin off before you reach for the receipt, you sanctimonious fucks. You didn’t win anything — you just moved the cost.
Source story: Inflation measure closely watched by Fed shows 3.7% year-over-year rise in July.