We need to flip the script so expert economists’ first instinct isn’t to attack workers, where the pain will be felt the most, but rather to legislate limitations on corporations
As Inflation Rises Around The World, Biden Has It Dropping In The US
President Biden pointed out in his remarks about declining US inflation that elsewhere in the world, inflation is rising at a double-digit rate.
Biden Uses New GDP Report To Hammer Republicans On Inflation
President Biden used the new report showing that GDP grew in the third quarter and hammered Republicans for planning to increase inflation.
Pelosi Demolishes The Myth That Democrats Aren’t Talking About The Economy
Speaker Pelosi destroying the myth that Democrats have only been talking about abortion and not the economy.
Bernie Sanders Says What Corporate Media Doesn’t Want To Hear: Corporations Are Ripping People Off With Inflation
The corporate media doesn't want to talk about it, but Sen. Bernie Sanders called out corporations for using inflation to rip off the American people.
Factcheckers Agree With Katie Porter And Her Whiteboard That Corporate Profits Drive Inflation Price Increases
Katie Porter's whiteboard got factchecked, and guess what. She is correct that corporate profits are behind inflation.
Biden Crushes GOP Hopes As He Shows The Success Of His Economic Plan
President Biden showed that his economic plan is working as inflation is falling, and Republicans watching their midterm hopes vanish.
Kevin McCarthy Panics And Claims Democrats Created Inflation As His Red Wave Dies
Kevin McCarthy is watching his red wave evaporate, which is why he went on Fox News and claimed that Democrats created inflation.
Reality Slaps Fox News Viewers In The Face As Democratic Congressman Debunks Maria Bartiromo’s Biden Inflation Lies
Maria Bartiromo tried to push her false claims blaming Biden solely for inflation, but Rep. Ro Khanna (D-CA) debunked them to her face.
Opinion: Media’s Inflation Coverage Obscures Promise of Biden’s Policies to Promote Real Economic Democracy
Media coverage blinds us to the fact that Biden’s Build Back Better plan contained the very policies that promise to move the U.S. economy in a more democratic direction and to address in fundamental ways economic inequality and the high costs of living Americans face.
Biden Economy Shows No Signs Of Weakening After Another Strong Jobs Report
The US economy added 390,000 new jobs last month, as the unemployment rate remained at 3.6%. People continue to spend and the economy is rolling along.
Rep. Katie Porter Gets Emotional And Wakes Democrats Up On Grocery Prices
Rep. Katie Porter (D-CA) gave an emotional speech to her Democratic colleagues that woke them up about the pain of high grocery prices.
Analysis: Empty GOP Backseat Driving Babies Are Running On Finger Pointing and Against Wokeness
What we have here is a party based on spittle-inducing ad hominem attacks. The party of backseat driving babies, pointing their fingers and offering no ideas to actually help people.
Bad News For Republicans, But Good News For America Beyond The Inflation Headline
Private sector inflation reports suggest that inflation is reaching its peak and is expected to get better, after the current month.
In Must See Video Heidi Heitkamp Shows Trump, Not Biden, Caused Inflation
Former Sen. Heidi Heitkamp showed how Trump's deficit spending caused inflation and the current gas prices.
Opinion: From Inflation to Authoritarianism, Democracy is the Answer
Want to stop autocracy? Want relief from inflation?
Democracy is the theory of everything.
Nancy Pelosi Calls Out Joe Manchin’s False Statements On Inflation
Speaker Nancy Pelosi took Sen. Joe Manchin to school by explaining why the rise in inflation has nothing to do with Build Back Better.
Opinion: Media’s Amnesic Biden-Blaming Abets Authoritarian Movement
This amnesia threatens to push Americans back to the authoritarianism we so narrowly escaped--by a hair!--in the 2020 election.
Opinion: Manchin’s Betrayal Typifies Long-Standing Conservative Misinformation Campaign Against American Worker
The ongoing public negotiation among Manchin, Biden, and progressive Democrats has made clear that Manchin has been trafficking the same old stale misinformation fiscal conservatives have been peddling for ages.
Energy Experts: Prices Will Drop and Inflation Will Come Down…But When?
On the Great Ideas Podcast with Matt Robison, two top oil and gas sector experts – Mike Sloan and Andrew Griffith of the consulting firm ICF – explain what’s causing higher prices, what government leaders can do about them, and most importantly, when we can expect them to fall again
Opinion: How the Corporate Media’s Treatment of Inflation Abets America’s Authoritarian Turn
This type of coverage of the mere politics, as opposed to the underlying reality of inflation, constitutes in its own right a kind of disinformation campaign that risks turning working-class and middle-class voters back to the very Republican Party.
Republicans Get Some Terrible News: The Economy Will Improve In 2022
Republican dreams of taking back Congress in 2022 are based on voter anger over a bad economy, but estimates show unemployment hitting a 50 year low and inflation dropping.
In Trump’s Economy, Americans’ Wage Growth Is Being Wiped Out By Inflation
According to the U.S. Department of Labor (DOL),
News On the Economy Won’t Help GOP in Midterm Elections
Donald Trump was so anxious to brag about “his” latest job growth and unemployment numbers that he broke the law by tweeting about them before they were announced officially by the U.S. government.
Not only does this show how ignorant Trump is about the operations of our government but it also shows that he considers the economic news very helpful to him politically.
He is right in the sense that two key factors influencing midterm election results in the past have been the sitting president’s job approval and the strength of the economy.
Clearly Republicans are counting on the strong economy to carry them to victory in November, but recent news is not as positive as they would like to believe.
There are many current factors that will influence economic performance for the rest of 2018, such as:
- Trump’s trade wars,
- Global instability,
- Rising gas prices,
- Rising inflation,
- The stagnant stock market,
- Rising interest rates, and
- The exploding federal deficit.
None of these things are good news for Trump and the economy.
The fact that Donald Trump is focusing on such distracting issues as a North Korean summit and a Mexican border wall show that he is trying to get the American public to think about things other than his lies and broken campaign promises.
The main thing Americans care about is their own pocketbooks, and their own feelings of security. Despite his boasting, Trump has done little to make most voters feel better.
The trade wars and new tariffs will raise prices on many products Americans buy, and they will also cause the loss of jobs.
Trump’s international policies, such as
dropping out of the Iran nuclear deal
Blue Wave Requires Democrats To Have an Economic Message
First, the Republicans said they would win the 2018 midterm elections because they would “repeal and replace” Obamacare and everybody would be happy. But that strategy didn’t work out so well, and most Americans are unhappy with the costs of healthcare, as well as the lack of universal coverage. And most people still blame Republicans for this.
Then, the Republicans said they would win the 2018 midterm elections because of their great tax cut bill passed last December. But that hasn’t worked out so well either, as recent polls show that average Americans do not feel that they are benefiting from the tax cuts, which they perceive as primarily benefiting rich people, super-rich people, and big corporations. In fact, in some special elections (such as the one in Pennsylvania won by Conor Lamb) the GOP candidates completely stopped talking about tax cuts.
So now, according to many recent media reports, Republicans are saying they will win the 2018 midterm elections because of “the economy.”
A recent report in The Hill said:
Democrats are growing worried that the strong economy, and President Trump’s messaging about his economic stewardship, will help Republicans in this year’s midterm elections and have an even greater impact in 2020. Even as signs point to Democrats winning back the House, the party is concerned that their hopes of a blue wave could turn into something smaller if Trump and the GOP are effective on their economic messaging ahead of November.
Interviews with more than a dozen Democrats suggest a number of people in the party are worried that Democrats aren’t doing enough to provide a counterargument. “It’s a very big concern,” said Democratic pollster Celinda Lake. “The economy is the No. 1 issue out there for people and right now Trump has a very aggressive economic message that seems to cross traditional party lines to voters.”
What this points out is that Democrats must focus on bread and butter issues, and the #1 bread and butter issue is the economy. And in politics the reality is not as important as the perception. Democrats must create a perception in the minds of voters that they will do a better job with the economy than Trump and the Republicans.
The truth is that Republicans have kept wages stagnant while inflation is increasing, with rising costs for housing, healthcare, college education, and now gasoline. The good economy started under Obama and Trump is lucky that it has continued despite his actions of exploding the deficit and raising interest rates and inflation.
Trump may have perceived victories in foreign affairs, such as the North Korea summit, which won’t yield any lasting benefits for the average American.
Wall St. Economic Expert’s Warning Should Terrify All But Rich Americans
Trump’s economic plan will confer vast monetary gains on the very wealthiest Americans while leaving Trump’s electoral base further behind.
Thanks, Obama! Unemployment Rate Drops To Lowest Level Since September 2008
The Bureau of Labor Statistics released June's jobs report on Thursday. The report was released a day earlier than normal due to Friday being a national holiday. The BLS showed that the economy added 288,000 jobs in the month of June.