Trump Declares Inflation 'Defeated' as Your Groceries Disagree
When Trump proclaimed 'inflation has been defeated' to the UN General Assembly (AP Photo/Charlie Riedel, 2025-10-12T11:03:46Z), it played to an audience that likely hasn't felt the pinch of weekly supermarket visits in decades. The AP notes his claim that 'grocery prices are down,' a remarkable feat of magical thinking given how corporate profits have soared alongside consumer costs, often cloaked
as 'inflation from below'—when it's clearly 'greedflation' from above. This isn't merely about Trump's selective memory; it's about a media narrative that treats inflation as a spontaneous weather pattern rather than a symptom of systemic issues. Corporations, many of whom funnel lobbying dollars to politicians like Trump, have used crises as cover to gouge consumers. The Fed’s rate cuts,
mentioned by the AP, are a band-aid on a bullet wound, desperately trying to reanimate a housing market gutted by decades of policies favoring property owners and developers, not the average earner.