The same blame
Don't believe what the partisans tell you – Biden and Trump are not different. Not only do they have the same temperament, they also have the same approach to scapegoating their economic errors. They both blame innocent American businesses.
What Biden said
After the Biden administration spending caused high inflation from 2021-2024, businesses were forced to raise their prices. Biden blamed the businesses:
But for all we’ve done to bring prices down, there are still too many corporations in America ripping people off: price gouging, junk fees, greedflation, shrinkflation. ... Americans, we’re tired of being played for suckers. And that’s why we’re going to keep these guys — keep on them and get the prices down.
What Trump said
Since the Trump administration increased tariffs (taxes on American businesses) in 2025, business are being forced to raise their prices. Like Biden, Trump blames the businesses:
Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, “EAT THE TARIFFS,” and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!
They're the same
Trump and Biden sound almost identical. Not only is the essential message the same, even the structure is the same: "corporations are behaving badly and we're going to keep an eye on them." What is the point of having two different parties when they both make predictable economic blunders and repeat the same nasty lie to cover them up?
Walmart has no choice
It's worth mentioning that Walmart doesn't have the option to "eat the tariffs". Trump's tariffs would eat Walmart's entire profit margin, and then some. Walmart can either raise prices quickly or go into the red. Here's the math:
- Walmart imports one-third of what it sells in the United States.
- Trump's tariffs are at least 10% per country.
- Trump's tariffs cost Walmart at least 5% of revenue:
- Direct: At least 10% tariffs on one-third of inventory is at least 3.3% of revenue.
- Indirect: At least 2.5% tariff impact on two-thirds of inventory is at least 1.6% of revenue. (Assuming Walmart's American suppliers import only 25% of their materials, and assuming they pass along tariff costs.)
- Walmart's profit margin was 2.4% in 2024, and 1.9% the year before. Tariff costs of at least 5% are more than double Walmart's profit margin. Eating those costs would wipe out Walmart's entire profit margin, forcing it to pay tariffs out of cash reserves and putting it at risk of bankruptcy.
Walmart hasn't done anything wrong. But Trump has. Exactly like Biden before him.
It's time for something different
It's time for the government to stop picking fights with blameless businesses. It's also time for the government to stop incompetently meddling with the economy. Ultimately, it's time for a real change toward much less government, and much more human freedom.