The Economy

2.8 million people are getting benefits they’re not eligible for, costing an estimated trillion dollars over ten years, and you’re arguing that nothing should be done to correct the problem because it’s too hard. Brilliant.

🙄

BabyBoobs (a total POS GASLIGHTER / LIAR) selectively accepts numbers that "support" their GASLIGHTING/ LIES.

😑

Meanwhile:

The ACTUAL widely accepted numbers (CBO, etc) show that The One Butt Ugly Bill will ADD THREE OR FOUR TRILLION DOLLARS TO THE NATIONAL DEBT, while The One Butt Ugly Bill will also result in TEN MILLION LOW INCOME & POOR INDIVIDUALS LOSING HEALTHCARE INSURANCE & OTHER BENEFITS.

😳 😑 🤬

We. Told. Them. So.

🌷
 
Inflation jumped to 2.7% in June from 2.4% in may and the CPI ( consumer price index) went up by .3% as well. May inflation was .1%. But hey winning is awesome. Early impacts of tariffs showing up in a rise in household furnishings and appliances. Also food at home ( grocery store) and away ( restaurants ) rose accordingly.

The orange molester is killing it!

The economy, I mean.
 

US Consumers Now More Optimistic, Ending 5 Straight Months Of Decline In Confidence Index​

Ireland OwensReporter
May 27, 202512:06 PM ET

U.S. consumer confidence bounced back in May ending five straight months of decline and beating economists’ expectations.
The Consumer Confidence Index increased by 12.3 points in May to 98.0, up from 85.7 in April, according to a report released Tuesday by The Conference Board. This notably marked the first increase in consumer confidence in five months.

The Conference Board’s Present Situation Index, which is based on consumers’ outlook on current business and job market conditions, increased 4.8 points in May to 135.9. Meanwhile, the Expectations Index, which is based on consumers’ short-term outlook for income, business and job market conditions, jumped 17.4 points to 72.8 in the same month.

“Consumer confidence improved in May after five consecutive months of decline,” Stephanie Guichard, a senior economist at the Conference Board, wrote in the press release. “The rebound was already visible before the May 12 U.S.-China trade deal but gained momentum afterwards. The monthly improvement was largely driven by consumer expectations as all three components of the Expectations Index — business conditions, employment prospects, and future income — rose from their April lows. Consumers were less pessimistic about business conditions and job availability over the next six months and regained optimism about future income prospects. Consumers’ assessments of the present situation also improved.”

https://dailycaller.com/2025/05/27/consumers-optimistic-ending-months-decline-confidence-index/
Let's see how long that lasts. Trump's tariffs will raise prices.
 
give it another or quarter or two if their is a stable trade policy. consumers have yet to feel the full effect of the trade policies and tariffs.
 

Bill Maher Admits He was Wrong About Trump’s Tariffs: ‘I Gotta Own It’​

Warner Todd Huston28 Jul 2025426

HBO comedian and podcaster Bill Maher had to admit on his recent podcast that he was wrong about the effect Trump’s tariffs would have on the economy.

Maher said that he has thought all along that Trump’s tariffs and threats of the same would destroy the U.S. economy and drive inflation to new heights. But on his recent Club Random podcast, he is now admitting that, at least so far, he has been wrong about the effects that Trump’s tariffs campaign.

“I remember I, along with probably most people, were saying at the beginning, ‘Oh, you know, by the 4th of July’ — somebody had a thing — how the economy was going to be tanked by then,” Maher said to his far left guest Brian Tyler Green. “And I was kind of like, ‘Well, that seems right to me.’ But that didn’t happen. Now, it could happen tomorrow. I’m just saying that’s reality.”


Too bad PrivateRewrite isn't man enough to admit it.
 

Bill Maher Admits He was Wrong About Trump’s Tariffs: ‘I Gotta Own It’​

Warner Todd Huston28 Jul 2025426

HBO comedian and podcaster Bill Maher had to admit on his recent podcast that he was wrong about the effect Trump’s tariffs would have on the economy.

Maher said that he has thought all along that Trump’s tariffs and threats of the same would destroy the U.S. economy and drive inflation to new heights. But on his recent Club Random podcast, he is now admitting that, at least so far, he has been wrong about the effects that Trump’s tariffs campaign.

“I remember I, along with probably most people, were saying at the beginning, ‘Oh, you know, by the 4th of July’ — somebody had a thing — how the economy was going to be tanked by then,” Maher said to his far left guest Brian Tyler Green. “And I was kind of like, ‘Well, that seems right to me.’ But that didn’t happen. Now, it could happen tomorrow. I’m just saying that’s reality.”


Too bad PrivateRewrite isn't man enough to admit it.

It’s amusing that you go to a comedian for economic advice. 😆

From the start I said we wouldn’t see the impact of Trump’s tariffs until October, and that was before Trump TACOed a few times to delay things. Now that tariffs aren’t going into effect until August 1, we shouldn’t expect to see the real impact until January.
 
It’s amusing that you go to a comedian for economic advice. 😆

From the start I said we wouldn’t see the impact of Trump’s tariffs until October, and that was before Trump TACOed a few times to delay things. Now that tariffs aren’t going into effect until August 1, we shouldn’t expect to see the real impact until January.
BS. The effects of the Trump Tariffs are the vast amounts of money flowing into the treasury as well as massive foreign investment flowing into the United States.
 
BS. The effects of the Trump Tariffs are the vast amounts of money flowing into the treasury as well as massive foreign investment flowing into the United States.

The “vast amount of money flowing into the Treasury” is coming straight out of the pockets of American businesses and consumers.

There are no instant results in the economy. We won’t know anything for six months.
 

Bill Maher Admits He was Wrong About Trump’s Tariffs: ‘I Gotta Own It’​

Warner Todd Huston28 Jul 2025426

HBO comedian and podcaster Bill Maher had to admit on his recent podcast that he was wrong about the effect Trump’s tariffs would have on the economy.

Maher said that he has thought all along that Trump’s tariffs and threats of the same would destroy the U.S. economy and drive inflation to new heights. But on his recent Club Random podcast, he is now admitting that, at least so far, he has been wrong about the effects that Trump’s tariffs campaign.

“I remember I, along with probably most people, were saying at the beginning, ‘Oh, you know, by the 4th of July’ — somebody had a thing — how the economy was going to be tanked by then,” Maher said to his far left guest Brian Tyler Green. “And I was kind of like, ‘Well, that seems right to me.’ But that didn’t happen. Now, it could happen tomorrow. I’m just saying that’s reality.”


Too bad PrivateRewrite isn't man enough to admit it.
Fair point on a very narrow point Maher makes.

BS. The effects of the Trump Tariffs are the vast amounts of money flowing into the treasury
You do realize who’s putting that vast amount of money into the treasury, right?

as well as massive foreign investment flowing into the United States.
Remains to be seen.
 
Last edited:
BS. The effects of the Trump Tariffs are the vast amounts of money flowing into the treasury as well as massive foreign investment flowing into the United States.
Those vast amounts you mention are from American businesses and consumer. What little benefit Americans did receive from the Bbb, higher prices paid by business and people pay for the tariffs.
 

Bill Maher Admits He was Wrong About Trump’s Tariffs: ‘I Gotta Own It’​

Warner Todd Huston28 Jul 2025426

HBO comedian and podcaster Bill Maher had to admit on his recent podcast that he was wrong about the effect Trump’s tariffs would have on the economy.

Maher said that he has thought all along that Trump’s tariffs and threats of the same would destroy the U.S. economy and drive inflation to new heights. But on his recent Club Random podcast, he is now admitting that, at least so far, he has been wrong about the effects that Trump’s tariffs campaign.

“I remember I, along with probably most people, were saying at the beginning, ‘Oh, you know, by the 4th of July’ — somebody had a thing — how the economy was going to be tanked by then,” Maher said to his far left guest Brian Tyler Green. “And I was kind of like, ‘Well, that seems right to me.’ But that didn’t happen. Now, it could happen tomorrow. I’m just saying that’s reality.”


Too bad PrivateRewrite isn't man enough to admit it.

🙄

Rightard is clueless.

Here’s a clue:

https://amp.cnn.com/cnn/2025/05/01/economy/us-gdp-economy-weaker-than-it-appears

😳

And that ^ is MOAR true today than ever. DonOld’s TACO retreats on tariffs and these recent "outlines of trade deals" have only PARTIALLY mitigated what could have been an EVEN WORSE economic collapse as a result of DonOld & the MAGAt republicans’ imbecilic policies.

And let us NOT forget: DonOld & the MAGAt republicans promised the gullible common MAGAts that they would LOWER prices, but instead, prices are HIGHER.

Oops.

😳

We. Told. Them. So.

🌷
 

New Study: California’s $20 Minimum Wage Killed 18,000 Restaurant Jobs​

Wage floors destroy opportunities, harming the poor most of all. Californians just got a hard lesson in basic economics.
Peter Jacobsen

July 28, 2025
Perhaps the greatest example that good policymaking intentions go awry is the minimum wage. Proponents of increasing the minimum wage argue that doing so will help the poor.

If we could snap our fingers and make the poor suddenly rich, there would be no reason to object. Unfortunately, in a world of scarce resources, this is not a possibility. The minimum wage actually tends to make many poor workers worse off and increases unemployment. A recent study on California minimum wage increases demonstrates that fact (yet again).

Professors Jeffrey Clemens, Jonathan Meer, and Olivia Edwards recently put out a working paper for the National Bureau of Economic Research (NBER) that demonstrates some adverse effects of minimum wage laws.

The paper covers California’s 2023 law, which enacted a $20 minimum wage for restaurants that had at least 60 locations in the US. This was a significant increase from the fast food minimum wage for California, which had been $16 (though some localities had higher minimum wages). They examine the impact of the law on employment and find:

https://thedailyeconomy.org/article...20-minimum-wage-killed-18000-restaurant-jobs/

You smack the Democrat mule twice, the first to interrupt the identity politics and the second to see if it remembers basic economics.
 
The paper covers California’s 2023 law, which enacted a $20 minimum wage for restaurants that had at least 60 locations in the US. This was a significant increase from the fast food minimum wage for California, which had been $16 (though some localities had higher minimum wages). They examine the impact of the law on employment and find:

https://thedailyeconomy.org/article...20-minimum-wage-killed-18000-restaurant-jobs/

You smack the Democrat mule twice, the first to interrupt the identity politics and the second to see if it remembers basic economics.

That “study” is the same one you started a thread about months ago, and the results were debunked at that point.

The study uses employment data from before the new wage went into effect, and the number of fast food restaurants has increased since the new minimum wage went into effect.

It’s weird that you and 86TintaNoitx2024 both dredged up the same old topic recently.
 
The economy is growing at less than half of the pace of last year.

Huzzah! 🎉
 
That “study” is the same one you started a thread about months ago, and the results were debunked at that point.

The study uses employment data from before the new wage went into effect, and the number of fast food restaurants has increased since the new minimum wage went into effect.

It’s weird that you and 86TintaNoitx2024 both dredged up the same old topic recently.
Yes but did you read this comment: "You smack the Democrat mule twice, the first to interrupt the identity politics and the second to see if it remembers basic economics." I was having a little fun. If you had even a flicker of clarity, you’d have seen the article was from yesterday, backed by a study released this month. But instead, your kneejerk reaction is to shriek like a cornered ideologue, clinging to dogma as it crumbles under the weight of facts. You treat evidence like a vampire treats sunlight, not because it burns, but because it exposes. And exposure is death to people like you, whose belief system survives only in the dark, beyond the reach of accountability. :D
 
These people don’t read the Politics Board. 😂

Americans are growing hopeful about the economy as trade talks progress​


https://www.cnn.com/2025/07/29/business/consumer-confidence-july

🙄

BabyBoobs, A TOTAL POS GASLIGHTER / LIAR (MAGAt), just can’t stop GASLIGHTING / LYING.

😑

BabyBoobs own article shows that consumer sentiment is waaaaaay down from last year under President Biden, and inflation is getting ready to roar back due to businesses running out of the stockpiles of lower priced goods they purchased in January & February to avoid Trump’s tariff tax.

But don’t believe me, read these excerpts from BabyBoobs’ own article:

“Consumer confidence has stabilized since May, rebounding from April’s plunge, but remains below last year’s heady levels,” said Stephanie Guichard, senior economist of global indicators, at The Conference Board. “Tariffs remained top of mind and were mostly associated with concerns that they would lead to higher prices.”

But inflation has remained somewhat tame, according to the Consumer Price Index, with only a few categories seeing prices pick up. That’s because some businesses have chosen to absorb higher costs, and many are still stocked up with inventory they front-loaded in the beginning of the year to beat tariff-induced price increases, economists say.

However, it may just be a matter of time until inflation accelerates faster and more broadly as inventories dry up and businesses feel more acutely the sting from tariffs. That could prompt consumer confidence to tumble, just as it did in the summer of 2022 when inflation was raging at a four-decade high.

“Inflation has come into better balance this year — but signs of renewed price pressure are starting to emerge,” Lauren Goodwin, economist and chief market strategist at New York Life Investments, said in a note to clients on Tuesday.

“Goods prices in categories sensitive to trade policy — such as consumer electronics, apparel, and auto parts — have started to edge higher,” she added. “Steep tariffs often create visible economic pain – disrupting supply chains and suppressing demand.”

😳

👉 BabyBoobs 🤣

🇺🇸

We. Told. Them. So.


🌷
 
🙄

BabyBoobs, A TOTAL POS GASLIGHTER / LIAR (MAGAt), just can’t stop GASLIGHTING / LYING.

😑

BabyBoobs own article shows that consumer sentiment is waaaaaay down from last year under President Biden, and inflation is getting ready to roar back due to businesses running out of the stockpiles of lower priced goods they purchased in January & February to avoid Trump’s tariff tax.

But don’t believe me, read these excerpts from BabyBoobs’ own article:

“Consumer confidence has stabilized since May, rebounding from April’s plunge, but remains below last year’s heady levels,” said Stephanie Guichard, senior economist of global indicators, at The Conference Board. “Tariffs remained top of mind and were mostly associated with concerns that they would lead to higher prices.”

But inflation has remained somewhat tame, according to the Consumer Price Index, with only a few categories seeing prices pick up. That’s because some businesses have chosen to absorb higher costs, and many are still stocked up with inventory they front-loaded in the beginning of the year to beat tariff-induced price increases, economists say.

However, it may just be a matter of time until inflation accelerates faster and more broadly as inventories dry up and businesses feel more acutely the sting from tariffs. That could prompt consumer confidence to tumble, just as it did in the summer of 2022 when inflation was raging at a four-decade high.

“Inflation has come into better balance this year — but signs of renewed price pressure are starting to emerge,” Lauren Goodwin, economist and chief market strategist at New York Life Investments, said in a note to clients on Tuesday.

“Goods prices in categories sensitive to trade policy — such as consumer electronics, apparel, and auto parts — have started to edge higher,” she added. “Steep tariffs often create visible economic pain – disrupting supply chains and suppressing demand.”

😳

👉 BabyBoobs 🤣

🇺🇸

We. Told. Them. So.


🌷
Read they can,comprehend they cannot.
 
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