In contrast, PolitiFact says SS is not a Ponzi scheme. Who is correct? Fact-Checking PolitiFact Please consider the PolitiFact Tact Check on Social Security During the three-hour Feb. 28 appearance, Musk said, “Social Security is the biggest Ponzi scheme of all time.” Critics of President Donald Trump and Musk, a White House adviser, used Musk’s comment as evidence that Trump […]
Senator Ron Johnson (R, WI) has budget concerns. So do I. Is This Any Way to Run a Budget? Ron Johnson asks Is This Any Way to Run a Budget? The 535 members of Congress could be considered the board of directors, and the news media as the watchdog auditor, of a financial entity that spends […]
Trump wants the Fed to cut interest rates to weaken the dollar and boost exports. But that’s not what helped him get elected. Conflicting Dollar Goals It’s impossible to get what you want when you have conflicting goals. Inflation was a key reason Trump won the election. In isolation, a weak dollar would help exports, […]
It wasn’t easy, but Trump united Canada and Mexico against the US. Mark Carney Wins Liberal Leadership by a Landslide Prim Minister Justin Trudeau stepped down and a few weeks ago Liberals were getting crushed. But Trump rallied all Canadians against the US and united liberals behind Mark Carney. The National Post reports Mark Carney Wins […]
The Census Department reports two new records trade deficits in January. For those who appreciate record-breaking efforts, I am pleased to report the International Trade in Goods and Services report for January has many new records to consider. Trade Details Real Goods in 2017 Dollars – Census Basis In retrospect, I am not sure how many new […]
Unemployment claims jumped but it’s not Federal in nature. Today, the US Department of Labor released Unemployment Claims for the week ending February 1. This included data on initial unemployment claims. Initial Unemployment Claims Initial Claims and 4-Week Average DOGE, Random, or Something Else? The Department of Labor data rules out DOGE. “Initial claims for UI benefits […]
On the third anniversary of invasion, Trump says he’s talking to Moscow about an economic development deal. U.S. Votes Against U.N. Resolution Condemning Russia for Ukraine War Earlier today I told a friend that Ukraine better sign a deal on mineral rights or Trump would work out a deal with Russia. And here we are. […]
The answer is all of them, in due time. Here are the latest spectacular failures. Birds Fry Every Two Minutes It took 10 years, and hundreds-of-thousands of dead birds, before the Ivanpah Solar Electric Generating System in California would meet its fate. The Wall Street Journal explains in ‘A Prolific Executioner of Wildlife’ Calculating the Number […]
Trump pulled the trigger on tariffs, especially Mexico and Canada, but some details are missing. We find out later today about the implications of this trade war. Spotlight Canada and Mexico, Not China Trump is lashing out at Mexico and Canada in the Dumbest Trade War in History. President Trump will fire his first tariff salvo […]
We have more details from Trump regarding tariffs. Let’s discuss what we know and don’t. Trade War Details Emerge The Wall Street Journal reports U.S. Tells Canada of New Tariffs as Trump’s Threatened Trade War Escalates The U.S. notified Canada that it will be imposing a 25% tariff on all imports starting Tuesday, and a lower […]