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https://x.com/justinamash/status/1900649332103106811
I agree with this. This is a terrible CR. Need to take out a bunch of things.
If Andrew Cuomo wins the NYC mayoral race, then it will be him. Other than that, Andrew Weiner? Eliot Spitzer? Out of left field, I would say Lori Lightfoot?
https://x.com/RealEJAntoni/status/1899435520075206950
Real hourly wages for Q3 revised down 1.7%, from a 1.6% gain to a .1% decrease.
https://x.com/FinanceLancelot/status/1898162616427516292
Banks are pulling back on credit. If consumers can’t use debt, consumer spending can’t prop up the economy. Don’t get me wrong, between government deficit spending and personal consumer debt exploding in the last four years, the US economy is not healthy. So things are going to get bad sooner than later. Maybe this shock therapy is what is needed.
https://x.com/RealEJAntoni/status/1898047061813006573
I agree. There’s no way to shrink government / undo the spending blowout without pain. The only question is how quickly it can be done, and how to minimize the pain.
https://x.com/thatsKAIZEN/status/1895619010982719659
Some background:
https://x.com/Eric_Schmitt/status/1895863612905853420
Here’s a Russian/Ukrainian commentator from the UK who changed his mind about the blow-up after watching the full clip.
https://x.com/KonstantinKisin/status/1895610683103781075
At the end of the day, Trump understands how to negotiate with intractable a–holes. You can’t start from hard-line, extreme positions, and you can’t show cracks in your coalition. Here’s the crazy thing, the media is actively trying to undermine the administration’s efforts. They’re again trying to use the Ukrainians to further the Russia Russia Russia narrative. They’re trotting out “diplomatic norms” and stuff that has not worked as what needs to happen. Here’s Kaitlin Collins trying to get Secretary Rubio to denounce the person he will have to negotiate with.
https://x.com/RapidResponse47/status/1895857633611178398
It’s a delicate balancing game, and the media (and Zelenskyy) want the administration to try to bully and demand their way to an agreement. Secretary Rubio does a pretty good job of explaining that the media approved approach doesn’t work in this instance, and hasn’t worked for three years. This is not going to be a fast process, and I tend to want to give some space for the administration to try a new approach.
https://x.com/Geiger_Capital/status/1895506136473960794
And so it begins.
https://x.com/RealEJAntoni/status/1895113314536976768
Crazy. Quarterly inflation during the Biden administration finishes at 4.4%.
https://x.com/RealEJAntoni/status/1895126764189556786
Amazing how much we sacrificed long term growth for short term numbers.
https://x.com/DonMiami3/status/1890404164594794515
Saw another statistic that people on fixed incomes (retirees) lost 22% of their purchasing power over the last four years. That’s quite a hit. I told my niece that she’s going to have to work about a third longer than she anticipated because of inflation. I think that really hit home for her.
https://x.com/joma_gc/status/1890179677618335797
You can count on James Carville for some colorful commentary.
https://x.com/KobeissiLetter/status/1889677408250281984
As expected / predicted above. Look at Argentina. When Javier Milei came into office, he immediately cut government spending, but inflation continued to go up for about four months before it began coming down.
https://x.com/LiveSquawk/status/1889751552048366040
From Reason:
In Milei’s first month in office, annual inflation surged to 254.2 percent and peaked near 300 percent in May 2024. But by November 2024, inflation had plummeted to its lowest level in over four years.
But with Democrats and bureaucrats standing in the way of spending cuts (and likely Congress at some point), I don’t see inflation coming down anytime soon. Still don’t know why they don’t repeal the Jones Act. If they do that, even Hawaii might go GOP (they benefit the most from being able to accept goods from US ports on non-US built ships).
Not only that, but it was fraudulent (faked the birthplace so he would qualify).
https://x.com/profstonge/status/1888943503482175622
With the debt at the debt ceiling, there is no room for intervention. This was one of the most cynical plays by an outgoing administration. Really evil stuff.
