… Trump is helping, not hurting, California governor Gavin Newsom. He’s bringing national attention to Newsom, who can exploit that to his advantage in a run for the White House in 2028.
Category: Politics, Religion & Money
Six-Pack Economy
Wall Street has become numb to all of the on-and-off tariff churning, while the jobs and inflation data continue to look good. The immediate loss of immigrant labor could change that in a hurry, but for now the American economy isn’t a mess. That’s assuming Trump’s people aren’t skewing the data.
Austan Goolsbee, of the Chicago Federal Reserve Bank, is a reliably informative and engaging economist. How will Goolsby react when Trump starts putting loyalists on the Fed board?
L.A. Lawless?
Trump is doing absolutely nothing to put pressure on Putin about Ukraine, but he didn’t hesitate to send Marines against residents of Los Angeles.
Here is a dispassionate discussion and analysis of the situation in Los Angeles. It’s a good example of why Trump wants to cripple PBS.
Drain the Swamp Thing
From DC to DC, Swamp Thing makes a special guest appearance on Paul Krugman’s Substack, nudging me ever closer to becoming a paid subscriber.
https://paulkrugman.substack.com/p/wake-up-and-smell-the-corruption
Anybody Surprised?
The inevitable breakup is here. The only surprise is it came after Elon had already split from the scene. I guess his gold key to the White House wash room won’t be working after all.
“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!” Trump wrote on Truth Social.
Funny “Money”
I continue to sit on the fence about upgrading to a paid subscription for Paul Krugman’s presence on Substack. His recent essay on the undeniable risks of indulging crypto inclines me more on the side of sending $7/month to the Nobel Prize winning economist.
https://paulkrugman.substack.com/p/digital-corruption-takes-over-dc