Why shouldn't they "show no quarter" to anyone else after all that, since no one is doing anything about it?
Why shouldn't they "show no quarter" to anyone else after all that, since no one is doing anything about it?
GDP since Reagan 3Q1984 (41 years) through the Trump present moment has grown at a compound annual rate 35% lower than for 3Q1947-3Q1984 (37 years): 5.076% vs. 7.847%.
Trump GDP CAGR since 3Q2017 (8 years): 5.878% (25% lower than the post-war to 3Q1984).
$4.08425 trillion GDP after 41-years at a compound annual growth rate of 7.847% would be $90.41555 trillion in 3Q2025 instead of $31.09802 trillion, 2.90 times more.
That's why you feel poorer.
Reagan didn't make America great again, and neither has Trump.
This higher inflation level, measured on a year over year basis, has persisted for 19-months from April 2024. We're just going sideways, not coming down.
Next we'll hear from Trump that this is the new normal and that higher inflation is good akshully.
No, the Fed started cutting in September 2024 in error, obviously, and Trump wants the Fed to cut some more.
Meanwhile Jeff Cox for CNBC is just phoning in the story:
Fed’s main gauge shows inflation at 2.8% in November, edging further away from target
... The personal savings rate rose in November to 3.5%, down 0.2 percentage point from the prior month. ...
How does the personal saving rate rise when it's down 0.2, Jeff?
Yes, the personal saving rate fell from 3.7% the prior month to 3.5% in November.
People are paying for higher prices at the expense of saving.
The tariff idea was floated before lunch on Friday, Jan 16.
Stocks closed down just 4-points that day.
The scale of the subsequent market reaction was comparatively minor in the event, and Trump pulled the trigger reversing himself very quickly unlike in April 2025.
Trump wants stock market winners, the rich, on his side, because he's losing the rest of us.
Trump's 7-week Operation Rough Rider against the Houthis was a total, and expensive, failure, compounding Biden's.
The pirates and terrorists won in the Red Sea.
Why do we celebrate Good Friday?
We have to say that IMAO stuff for legal reasons.
Meanwhile, this is also a form of campaigning by Shapiro, don't forget that.
Pennsylvania Governor Josh Shapiro was already irritated by what he describes as “unnecessarily contentious” questions from the team vetting him to be Kamala Harris’s running mate when a senior aide made one final inquiry: “Have you ever been an agent of the Israeli government?” ...
After Harris and Shapiro sat down, in a dining room that had been cleared of most furniture other than two chairs and a table, there was little in the way of small talk or pleasantries. Each described the conversation as blunt, lacking the traditional warmth of two people trying to determine if a four-year partnership would work. Their discussion was especially tense when Harris asked Shapiro if he would apologize for some of his comments about protesters at the University of Pennsylvania who had built encampments to decry Israel’s military campaign in Gaza and, in some cases, intimidated Jewish students.
Shapiro wrote that he “flatly” told Harris that he would not. ...