Almost half in new poll say groceries are harder to afford

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Episode Transcript

Speaker 1 (00:00):
High food prices disproportionately hurting working class people. One in
three say that they can't afford the groceries. Nearly fifty
percent say groceries are harder to afford. Yeah, so the
food inflation still up ground Beef still up twelve point
eight percent, eggs are up ten point nine percent, coffee
still up twenty point nine percent. So grocery prices are

(00:23):
thirty percent higher than they were just five years ago.

Speaker 2 (00:27):
Okay, and this is why Trump finds himself. I think
we kind of accept now there's enough polls, including by
people who support him. You put him together, he's in
the low forties and it's trending downward. And that is
because he has not not only has he not done
anything to address he's making it worse by the tariffs

(00:47):
and now these interest rate cuts, basically strong arming the
Fed into cutting interest rates. He's making the signature issue worse,
which is the affordability of living.

Speaker 1 (00:57):
Yeah. I mean, this is a real concern for the midterms,
right because this is one of the major issues that
the Republicans and Trump ran on in twenty four. This
could really influence the twenty six midterms because there is
it's not going to be immigration. It's not going to
be crime. It's going to be because you can't afford

(01:17):
to eat and you got to eat. Yeah.

Speaker 2 (01:20):
I had a long conversation it's been a week or
so ago with somebody in the financial industry, and we
were talking about what are governments doing in the behavior
they're incentivizing, and so basically they sell to you, oh,
we're going to cut rates, and look at how this
is going to help you buy a home. Well, okay,

(01:40):
maybe a little, maybe some, but okay, what percentage of
the population is currently in the market to buy a home.
You can cut your rate from six and a half
to six point two five, you're still three and a
half points higher than where I'm at. It doesn't help
me one bit. Yeah, there are some people who looking
to get into the market that this will help, But

(02:02):
as with everything else this government does, be it Biden
or Trump or any of these other people, the businesses,
the big business, the people with access to mass capital
are going to be the beneficiaries. That's who's going to
be able to borrow substantial amounts of money on the cheap,
which then it encourages reckless behavior because they've got the

(02:24):
society's got to make money. Well, if they're gutting the
value of money, which means if you put your thing
in like a CD or a money market account, you're
not getting any interest out of that now. So now
you've got to do something more reckless like and looks.
Consult your trained financial advisor, but put it in the
stock market, which sometimes it pays off, sometimes it doesn't.

(02:45):
But you're taking people who want to do things the
right way. I want to make money, I want to
save money. I want to put it in something secure.
I want to put in something that's going to grow
over time. I don't want to have a risk with
my finances. Older people certainly fall into this cat and
they're going, eh, eh, no home for you here. Either
you play by these rules because your money's worth nothing,

(03:07):
or don't play at all. And that is that is
the Trump economy right now. I'm sorry, people gonna be
mad because I'm saying something negative about Trump, but this
is why his approval ratings are where they're at. People
see that their life is not getting more affordable. People
see that living is not getting easier. Trump promised to
fix these things, and a time and again is doing
things that are doing the exact opposite.

Speaker 1 (03:30):
So we're told over and over again that we have
a strong GDP and the stock market is performing and
there's low unemployment. But the thing is the wage growth
has slowed, and if you can't afford your groceries, you
really have to look at that. It's not going to
be it's the economy. It's going to be it's the groceries. Now,
coming out of the Trump administration, you've got the Press

(03:53):
secretary who is blaming Biden for inherited inflation, and she's
pointing out, well, you know the price so eggs have dropped,
But wasn't the egg price increase due to the disease?

Speaker 2 (04:07):
Yeah, I remember there was a huge outbreak of bird flu,
which is why, yes, there was a there was a
spike because that was last year, wasn't it. And remember
Biden was trying to say this is not my fault,
which for once, maybe it really was his fault. But
my point in all of this is so many people
are invested to well, if we just win this election,

(04:29):
or we just win that election. If you take the
amount of money you said the past five years, that
was your stat right, food prices have increased thirty percent.

Speaker 1 (04:41):
Grocery price is thirty percent higher than five years old.

Speaker 2 (04:43):
Okay, so that we're including twenty twenty in this then right.
So okay, So if you take the amount of money
printed by Trump and the Republicans in twenty twenty and
the amount of money they've now agreed to print in
the big bull crap Bill, and you add those together
and you compare them to the amount of money Biden
printed in his four years in office, Trump has printed

(05:05):
more money. So, unless you're just going to say money
printed during Republican administrations doesn't count, which I think any
economist is going to tell you, debt is debt, whether
it's done by Republicans or Democrats, then Republicans have contributed
more to higher food prices, and Republicans bribed the States
to shut down the country, which caused the supply chain issues.

(05:28):
Now we all know Biden would have done it too.
I'm not sitting here saying, oh, if only Biden had
been president, this wouldn't have happened. Of course it would
have happened. But until we start having an honest assessment
of who our politicians are and what they've actually done,
screw their press conferences. Screw their rallies, screw their TV interviews,
screw it they put on social media, look at their
actual voting record. Both of these sides have played a

(05:52):
part in you being where you are today, and yet
some people either can't or won't get that through their head,
and they keep cheer leading for one inside or another
to win because somehow their life's going to get better.