Relevant and even prescient commentary on news, politics and the economy.

Trump wants you to pay higher utility bills

During his first term, Trump railed about energy-efficient plumbing. He claimed he had to flush his toilet 10-15 times and was forced to stand in the shower five times as long. I have no idea what he’s talking about. Sounds like what he needs is a plumber. In the event, the Biden Administration mandated resource-conserving […]

Social Security Changes to Block Immigrants who were Legal

What happens if you are not an immigrant? Social Security changes has hit upon ordinary citizens also. This is a brief piece article about one citizen whose Social Security status was changed arbitrarily. Joyce Evans received an alarming letter two days before Christmas 2023. (“Family sues Social Security after mom spent dying days fighting error, […]

U.S. economy is not done with trade war chaos yet

Interesting comments by Jamie Dimon on Quartz. “JPMorgan Chase CEO warns the U.S. economy is not done with trade war chaos yet.” Who would have thought such would not be true? Our president is a master at chaos. Chaos is his trademark. And the trade war chaos? First tariffs, then no tariffs. Its 10 percent, […]

Jobless Claims

Jobless claims continue to reflect slowly expanding economy  – by New Deal democrat I dealt with the March CPI report yesterday; I will update jobless claims today. On a weekly basis, initial claims rose 4,000 to 223,000. The four week moving average also was at 223,000, unchanged from last week. And with the typical one week […]

April 9, 2025 (Wednesday)

Subscribe to Prof. Heather’s Letters from an American. It was the first site in which I did so. There is a parallel to what was taking place after the Civil War and what is taking place today. Letters from An American On April 9, 1865, General Robert E. Lee surrendered the Army of Northern Virginia […]

Where we are

So Trump announced yuuge “permanent” tariffs and the stock market indices all tanked. Then Trump backpedaled on all the big tariffs except on China. Why the Trump flip-flop? Here’s Josh Marshall over at TPM: “Every sign is that it was not about the equities markets but rather the bond market, where the demand for U.S. […]

One More Con on Working People

Herr Trump, “If you are going to do it, then do it.” Quit threatening us with tariffs on the supply base that supplies us with goods. You are not going to pay for it. The government will not subsidize us. There has been nothing accomplished by all of this except for embarrassment. Do you know […]

Treasury Sec. tries to Blame Biden and Plastics Industry Warns of Danger to Competitiveness

Will the lies ever stop? Today: Ernie Tedesch Director of Economics at Yale The Budget Lab. “Real manufacturing GDP (value-added) grew 1.3% over the 4Q ending 2024, and 2% annualized over the 8Q, neither of which are recessionary. Ernie said this in response to Treasury Secretary Bessent trying to shift blame away from Trump to […]