Fetterman parts with Dems and says Trump is making progress in trade war
Over the last few weeks, Donald Trump has been trying to lock down trade deals with his self-imposed deadline on tariffs approaching.
Economic signs have been mixed, with rough job numbers, while the GDP remains solid and inflation remains relatively tame, albeit rising slightly.
While most Democrats are hammering Trump on this front, Senator Fetterman (D-PA) is taking a different approach.
Rising Inflation
When Trump introduced his tariff plan, there were some companies that raised prices right away, but the majority were willing to hold, especially after the administration called them out.
However, in recent months, we have started to see some prices climb, especially in the toy market, which has raised concerns about the Christmas shopping season.
Analysts have stated that while some prices are due to tariffs, overall, that is not the main reason that prices are rising.
Instead, they pointed to the rise in housing and food costs as the main contributor, which is why Trump has been going ballistic on Fed Chair Jerome Powell.
Tariff Implications
With the final tariffs now set and due to take effect over the next few weeks, analysts are projecting how this will impact prices in the country.
The so-called experts are projecting some prices to go up as much as 40% in the short term, while they see the rise in prices about half that over the long term, still rather significant when you consider what we are paying for goods already.
If those reports are accurate, inflation will not have just a slight tick upward, as we have seen, but it will explode, which is why Democrats are all walking around with smiles on their faces right now.
Rather than rooting for the country to succeed, they are hoping Trump goes down in flames so they can take the House back in 2026 and retake the White House in 2028.
Disagree
For the first time in my life, I listened to NPR this week for its reports on the economy, and one would think it was Armageddon by the tone of the hosts. Then I started checking reports on mainstream media, and it was more of the same.
Yet, here is Senator Fetterman, swimming upstream from the media and his party line, stating, "I'm a huge fan of Bill Maher, and I mean, I think he's really one of the oracles for my party, and he acknowledged it, it's like, hey, he thought that the tariffs were going to tank the economy, and then he acknowledged that it didn't. So, for me, it seems like the E.U. thing has been going well, and I guess we'll see how it happens with China."
I have always stated that this all needed time to flush out, but I had also stated that I thought the tariff issue would settle down, and eventually, we would be fine. I had also stated this could be a tough first year because of the tariffs, and as long as inflation does not soar out of control, I think we will see a leveling off and normalcy well before the 2026 cycle gets rolling.
Now that the tariff plan has been finalized, I think we will see the final results of Trump’s trade war. I wish I could tell you more, but the media is so crooked and biased, simply put, the reports are unreliable. Trump has proven them all wrong time and again, so it is hard to believe they are now getting this right. I hold my initial advice, which was to stop spending money on unnecessary things and keep those purse strings tight until this all plays out.