Florida Rep. Greg Steube: "We have got to get our fiscal house in order in Washington, and if that means short-term pain for the country, then we're gonna have to walk through that together ...."
Missouri Rep. Mark Alford and Oklahoma Sen. Markwayne Mullin both tell constituents: You'll be paying more for things, but you'll love doing so.
#Musk #Trump #recession #inflation #authoritarianism #destruction #economy
/10
Emily Singer offers a helpful rundown of the hogwash Republican elected officials are offering their constituents as the economic suffering Musk-Trump are creating sets in:
House Majority Whip Tom Emmer: "There may be some short-time disruption that's going to result in some negative impacts, no question.”
#Musk #Trump #recession #inflation #authoritarianism #destruction #economy
/9
"They aren’t rethinking their policies; they aren’t even making major efforts to justify their policies to an increasingly skeptical public. Instead, they’ve instantly descended into a pit of insane conspiracy theories. …
"While rule by crazy conspiracy theorists is an unquestionably bad state of affairs, let me lay out two specific reasons it’s bad":
1. The people in charge won’t learn from failure.
2. There will be a search for scapegoats.
"Plus we’ve destroyed our alliances and are rapidly undermining our scientific and technological capacity.
As the economy stumbles and the stock market tanks, consumer confidence lags, and even some Trump voters are losing faith, what I find particularly revealing is how the Trump cabal are responding."
#Musk #Trump #recession #inflation #authoritarianism #destruction #economy
/7
"If you ask me, the public and especially big business are still behind the curve in understanding how much damage these people will inflict. Already we have a secretary of health and human services who responds to a major outbreak of measles by suggesting we take cod liver oil, and we have an agriculture secretary who suggests that the solution to high egg prices is to raise your own chickens."
~ Paul Krugman
#Musk #Trump #recession #inflation #economy
/6
https://paulkrugman.substack.com/p/the-paranoid-style-in-maga-policy
“''Stagflation’ Is One of Wall Street’s Biggest Nightmares. How to Prepare for the Worst' Barrons
'Trump's Tariff Flip-Flops Revive 'Stagflation' Fears' Investopedia
Now, even Trump won’t rule out a potential recession."
#Musk #Trump #recession #inflation #authoritarianism #destruction #economy
/5
"The business press reflects rising panic:
'Stagflation fears bubble up as Trump tariffs take effect and the economy slows' CNBC
'The stagflation nightmare of the 1970s could rear its ugly head to take a toll on Americans’ wallets and livelihoods' Fortune
'The Two-Headed Monster Stalking the Economy Has a Name: Stagflation' Wall Street Journal"
#Musk #Trump #recession #inflation #authoritarianism #destruction #economy
/4
"An unprecedented recovery, a jobs boom, a renaissance in domestic manufacturing, and historic gains for Black workers may soon be a distant memory. President Joe Biden’s success in improving real incomes while fostering 21st century industries and revitalizing American infrastructure was consistently underplayed in corporate- and billionaire-owned media. Soon, those outlets may be pining for the good old days."
~ Jen Rubin
"Trump’s economic plans are incoherent and incomprehensible at least partially by design. The goal, by this longtime scam artist, is to bamboozle the American people and take their money."
~ Noah Berlatsky
#Musk #Trump #recession #inflation #authoritarianism #destruction #economy #BigLie
/2
https://www.publicnotice.co/p/trump-budget-2025-big-lie-mike-johnson
"Bottom line: if you were trying to create an economic meltdown, you could not be trying any harder than Trump is.
And Ruth Ben-Ghiat, an expert of totalitarian regimes, makes clear that this comes right out of the authoritarian playbook—because of the opportunities that a meltdown creates both politically and economically…for some."
~ David Pepper
#Musk #Trump #recession #inflation #authoritarianism #destruction #economy
/1
https://davidpepper.substack.com/p/trump-recession-is-coming
Warum die EZB den Leitzins noch weiter absenkt
Die weitere Zinssenkung der EZB könnte dabei helfen, die Wirtschaft in Schwung zu bringen. Was die Entwicklung der Inflation angeht, haben die Währungshüter offensichtlich eine klare Erwartung. Von Ingo Nathusius.
Boston Globe provides a graphic showing the steep rise in cost of eggs in the Boston area.
#Trump #economy #inflation #prices #tariffs #PriceofEggs
/16
https://www.bostonglobe.com/2025/03/03/data/boston-egg-prices-rise-bird-flu/
"The United States Department of Agriculture says egg prices are expected to increase far more than other foods in 2025. The USDA’s 2025 Food Price Outlook predicts that egg prices will rise more than 20% this year, compared to the roughly 2% increase they predict for food prices overall."
#Trump #economy #inflation #prices #tariffs #PriceofEggs
/16
"The price for a dozen large, grade-A eggs in the United States averaged $4.95 in January, according to the Bureau of Labor Statistics. That’s higher than the $4.82 per dozen record set in January 2023."
~ Joseph Hernandez
#Trump #economy #inflation #prices #tariffs #PriceofEggs
/15
“'All told, for example, the prices of computers and electronic goods are estimated to rise by more than 10%, clothes by 7.5% and cars by 6.1%,' former car czar Steven Rattner explained. 'The CEO of Target has said that produce prices (we get a lot from Mexico) could rise in the next several days. The CEO of Ford has said that tariffs would ‘blow a hole’ in the auto industry.'”
~ Jen Rubin
#Trump #economy #inflation #prices #tariffs #PriceofEggs
/14
https://contrarian.substack.com/p/trumps-economic-trainwreck
As Sarah Longwell, Tim Miller, and Jonathan V. Last note, Trump campaigned by harping on the economy and inflation, to gin up anger among potential voters, then dropped the subject like a hot potato. Because he cannot bring prices down, never intended to do so, and has no plan to do so. His interest is in encriching himself and cronies.
But voters willingly drank the Kool-Aid.
#Trump #economy #inflation #prices #tariffs #PriceofEggs
/13
Meanwhile:
"Higher prices have been the dominant issue for the last few years and concerns aren’t going anywhere. Instead of fighting to lower prices, Trump raised costs. This was his decision and his decision alone. Any fair-minded analyst will call nonsense."
~ Dan Pfeiffer
#Trump #economy #inflation #prices #tariffs #PriceofEggs
/12
https://www.messageboxnews.com/p/how-to-win-the-message-war-on-tariffs
In times of uncertainty, people and businesses often slow their spending. It can cool the economy even beyond the direct effects of higher prices from tariffs. #Tariffs #jobs #inflation
Posted into The American Story @the-american-story-csmonitor
EZB senkt Leitzins auf 2,5 Prozent
Die Europäische Zentralbank hat die Zinsen zum sechsten Mal in Folge gesenkt. Der für Sparer wichtige Einlagenzins sinkt wie erwartet auf 2,5 Prozent.
