If the U.S. economy is really the “best economy ever” as Trump likes to claim, why did the Fed just lower interest rates for the first time since 2008 in the throes of the Great Recession in order to juice the economy? The Fed cut rates for the first time since 2008: The Federal Reserve … Read more
With Robert Mueller’s testimony sucking up all the media oxygen last week, you may have missed a couple of important stories. The latest tranche of bailout money from the Trump administration to bribe farmers to stick with Trump despite his disastrous trade policies that are financially ruining them is starting to roll out now. Another … Read more
I watched the CBS Evening News (and the local CBS news) Saturday night, and saw Walter Cronkite’s old haunt uncritically report President Trump’s tweets on his supposed deal to suspend his plan to impose tariffs on Mexican goods, and Trump then praising his deal with Mexico that promises a crackdown on illegal immigration. Apparently, Mexico has also … Read more
America’s Midwest is experiencing the worst flooding since the Great Food of 1993. “Many farmers across wide swaths of the Midwest have rarely seen days dry enough to work, leading to what agricultural experts are calling a historically delayed planting season that could exacerbate the economic and personal anxieties brought on by a multiyear slump … Read more
I covered this from a macroeconomic impact in ‘Trump Taxes’ would be paid by American consumers on Mexican goods, but the Arizona Republic covers the microeconomic impact on Arizona. Arizona leaders predict ‘terribly damaging’ effects from Mexico tariffs “Trump taxes”: Arizona leaders in business and economics reacted to President Trump’s Mexico tariff plan with harsh … Read more