Monday, July 14, 2025
Kevin Hassett is full of it as usual
That makes no sense.
Buying costlier U.S.-made goods over foreign goods would naturally boost inflation, quite apart from new tariff differences in price.
Meanwhile the core pce inflation rate in May 2025 year-over-year was 3.88% higher than it was in April, the 65% majority of which is services but still includes goods.
That's what the 0.1 point rise from 2.577% to 2.677% means.
The May 2025 rate is actually slightly higher than in May 2024, which means we've made no progress in the last year.
. . . with liberty and justice for all
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No Man can be a sincere Lover of Liberty, that is not for increasing and communicating that Blessing to all People; and therefore the giving or restoring it not only to our Brethren of Scotland and Ireland, but even to France it self (were it in our Power) is one of the principal Articles of Whiggism.
-- Robert Molesworth (1656-1725)
Gallup poll shows backlash to ugly Trump immigration enforcement, record 79% now say immigration is a good thing
The percentage saying immigration is a good thing has been slowly rising since the 2002 low at 52% to a record high 79% now.
The percentage saying it's a bad thing has been steadily falling since the 2002 high at 42%, now at just 17%, a record low.
The ten-point underwater spread in 2002 is now sixty-two points in 2025.
Donald Trump has completely botched the issue, putting the stink of his ugly behavior on it for the foreseeable future.
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