Only 52% of the public would be bothered a lot by this? Is this a great country or what? But this is interesting:
Trump suggested during the presidential campaign that he could suspend some laws and constitutional provisions to go after political enemies in his second term. The public is divided on whether this is something he will seriously do (48%) or if it is more of an exaggeration (47%). Most Democrats take these statements seriously (77%) while most Republicans tend to see them as an exaggeration (71%). Republicans are somewhat less likely to takes these statements seriously now (21%) then they were six months ago (33% in June).
Republicans don’t take his threats seriously. I guess they really do believe it’s just a show. But the truth is that if this happens, Kash and Pam will just say they’re criminals and Republicans will swear that it has nothing to do with Trump taking his revenge.
The Trump transition team has started to explore pathways to dramatically shrink, consolidate or even eliminate the top bank watchdogs in Washington.
In recent interviews with potential nominees to lead bank regulatory agencies, Trump advisers and officials from his newfound Department of Government Efficiency have, for example, asked whether the president-elect could abolish the Federal Deposit Insurance Corp., people familiar with the matter said.
Advisers have asked the nominees under consideration for the FDIC, as well as the Office of the Comptroller of the Currency, if deposit insurance could then be absorbed into the Treasury Department, some of the people said.
Any proposal to eliminate the FDIC or any agency would require congressional action. While past presidents have reorganized and rebranded departments, Washington has never shut down a major cabinet-level agency and rarely closed other agencies like the FDIC that are not.
Bank executives are optimistic President-elect Donald Trump will ease a host of regulations on capital cushions and consumer protections, as well as scrutiny of consolidation in the industry. But FDIC deposit insurance is considered near sacred. Any move that threatened to undermine even the perception of deposit insurance could quickly ripple through banks and in a crisis might compound customer fears.
This is so crazy I can’t imagine even these freaks would actually do it. But consider that this is the kind of thing that’s never necessary until we have a financial crisis so people may not realize how important it is until it’s too late. Luckily we haven’t had one in … checks notes … 16 years. So, not a problem.
I wish I had more faith that the Democrats would find a way to stop this and exploit it but instead I’m seeing nonsense like this from progressives:
I’m sure they’ll be thrilled to only cut the parts of government thast progressives want them to cut. No need to worry about all the rest of it.
As President-elect Donald Trump prepares to install Musk as the federal government’s cutter-in-chief, some ambitious Democrats are taking a warmer approach to the billionaire businessman than their party leaders have in the past as he has become one the most influential people on the planet.
“He’s had an undeniable impact on the Pennsylvania election, and I think the election overall,” Fetterman, the Democratic Pennsylvania senator, told POLITICO. “I’ve warned Democrats, if you’re just going to make fun of it or to dismiss it, you do it at our peril. And I think that’s very clear what happened.”
Musk is the world’s richest man, and his companies are helping determine the future of space exploration, electric vehicles, AI and social media. Democrats who are making friendly overtures to him said that they want to shape the thinking of someone who will have an outsize microphone regardless of what they do. They are also eager to encourage him to develop his businesses in their backyards.
Some of them are also eyeing presidential runs in 2028, and may want to avoid getting on his bad side for political reasons. Musk spent $280 million this year supporting Trump and other Republicans.
[…]
But increasingly, some Democrats are arguing that was the wrong approach and think Musk played an outsize role in helping elect Trump — the latest sign that the left is confronting the president-elect differently this time around. It’s an open question whether other Democrats will follow suit, and either benefit or suffer consequences.
Some Democrats remain deeply skeptical of Musk, who is one of several billionaires and tech leaders Trump has tapped to staff his administration. They see Musk as an oligarch, and are concerned about his plans to slash the federal government with entrepreneur Vivek Ramaswamy as incoming co-leaders of Trump’s Department of Government Efficiency.
“I reserve the right to be surprised, but this looks to me like a coming kleptocracy, in which all these billionaires are running the government in order to rig the rules,” said Sen. Chris Murphy (D-Conn.). “So I’m pretty fucking skeptical that this is a legitimate effort.”
Yeah, I’m pretty fucking skeptical too. But progressives seem to be very open to working with him to cut the things they want cut. Please:
Sen. Elizabeth Warren (D-Mass.) told POLITICO that “If Elon Musk wants to change government contracting to cut billions of dollars of waste out of the Pentagon budget, count me in.” Sen. Raphael Warnock (D-Ga.) said that “I’m all in for cutting waste, making our government efficient and delivering for the people of Georgia” and “I’ll work with whomever I have to work with, if I can, to get that done.”
Sen. Bernie Sanders (I-Vt.) likewise posted on X, “Elon Musk is right. The Pentagon, with a budget of $886 billion, just failed its 7th audit in a row. It’s lost track of billions.”
Do these people really think Elon’s their guy? He’s totally red pilled, and he’s not going back. And he’s an oligarch fergawdsakes!
Populist Democrats lining up to work with the richest man in the world to cut government. My God.
One of the most famous episodes in the Watergate saga 50 years ago was when CBS News reporter Daniel Schorr got a hold of Richard Nixon’s “enemies list” and read it cold on the air, only to find himself listed at number 17.
The Nixon White House actually committed dozens of abuses that came to light during the investigations spawned by the Watergate break in and one of them was the use of the FBI to investigate his enemies list. After discovering the full extent of the former FBI Director J. Edgar Hoover’s overwhelming misuse of the bureau for decades, including blackmail, harassment and persecution, the Congress erected some strong guardrails designed to prevent such things from happening again. The Senate Judiciary Committee report explained:
The purpose of the bill is to achieve two complimentary objectives. The first is to insulate the Director of the Federal Bureau of Investigation from undue pressure being exerted upon him from superiors in the Executive Branch. The second is to protect against an FBI Director becoming too independent and unresponsive.
They added, “it is the great value of the FBI as a criminal investigative agency as well as its great potential for infringing individual rights and serving partisan or personal ambition that makes the office of FBI Director unique.” Indeed it is as the decades of abuse by Hoover so amply demonstrated.
The main constraint they devised was the one ten year term and a requirement that a president has good cause to fire him before that term is up. All presidents since the law was enacted have had to deal with an FBI Director that was chosen by a predecessor and every single one of them, no matter who appointed him, has been a Republican. The idea that any FBI Director or the Institution itself is some bastion of woke liberalism is absurd,.
There have only been two firings over that half century. The first was when Bill Clinton, following an investigation by the George H.W Bush administration, did so due to the Director’s ethical lapses. The second was when Donald Trump fired James Comey using the eye-rolling excuse that his public pronouncements regarding the Clinton email investigation were the reason. (As if that wasn’t Trump’s favorite thing about him.) But it was, as we subsequently found out, done because Comey refused to pledge his personal fealty to Trump and gave the go-ahead for the Russia investigation.
It has long been assumed that Trump would probably fire Comey’s successor Christopher Wray as well if he won the presidency even though he was the one who appointed him in the first place. He was angry with Wray almost from the beginning when he resisted GOP House efforts to declassify a memo that claimed the Russia investigation was politically motivated. Wray rode that out but it soured Trump on him permanently.
Trump was also, as we know, very worked up over the George Floyd protests in 2020 and he blamed Wray for failing to uncover the “funding” of the alleged ANTIFA movement which he believed was responsible for them:
…And I look at them as a bunch of well funded ANARCHISTS & THUGS who are protected because the Comey/Mueller inspired FBI is simply unable, or unwilling, to find their funding source, and allows them to get away with “murder”. LAW & ORDER! https://t.co/yHLzB0RQ8e
He probably would have fired Wray if he’d won in 2020 but it was during his exile in Florida that he came to truly despise him. He complained bitterly about the classified documents search and blamed Wray for it, telling Kristen Welker on Meet the Press “he invaded my home, he invaded Mar-a-Lago.” (The fact that they found hundreds of classified documents being held in a bathroom, a crime that would have had anyone else hauled off in handcuffs, is irrelevant.) And he was livid at Wray for his testimony before Congress about the assassination attempt last summer. Wray said:
There’s some question about whether or not it’s a bullet or shrapnel that hit his ear. As I sit here right now, I don’t know whether that bullet, in addition to causing the grazing, could have also landed somewhere else.
Trump told Welker:
I certainly cannot be happy with him. Take a look at what’s happened. And then when I was shot in the ear, he said, maybe it was shrapnel. Where’s the shrapnel coming from? Is it coming from heaven? I don’t think so.
The FBI did confirm that Trump had been hit by the bullet but I think Wray’s comment clinched it for him. Failing to be properly reverent about Trump’s wound is akin to treason in MAGA world.
Considering all that history and Wray’s reputed veneration of the Bureau, it was expected that he would make Trump fire him in order to at least uphold the idea of the independence of the Bureau. He had three years to run on his term and Trump does not have any just cause to fire him as he is required to do under the law. To allow him to dismiss yet another FBI Director because he doesn’t feel he is loyal enough to him personally is an affront to the rule of law and the agency Wray reveres.
So naturally, Wray politely announced that he plans to resign this week in order to make it easier for Trump to break both the spirit and the letter of the law — again. Trump was his usual gracious self, declaring on Truth Social that his resignation is a great day for America:
There is no doubt that Wray understands the threat that Trump and his henchmen pose to the country and the world. He’s seen him up close and probably knows a lot more than the rest of us do. He should have put up a fight even knowing that he would lose. There is great value in people like him standing up for the law and making Trump break it openly rather than facilitating it for him.
One of Donald Trump’s main tools, as the GOP has collapsed into subservience, is the perception of un-stoppability. He’s going to get his way in the end. So why waste your time standing up to him? Thus Lindsey Graham, Nikki Haley, “Little Marco,” and countless others have etched their role in history.
By making it slower and harder for Trump to get his way with the FBI, Director Wray might have protected the institution itself, and its dignity, and its commitment to continued leadership through changes of administration, for that much longer. Crucially, he might have slowed down Donald Trump on other fronts, by inflicting on him another “loss.”
Right now Trump is busily flooding the zone, threatening people, making it seem as if he is a juggernaut who can’t be stopped and any opposition is impotent. That’s just not true. Yes, he has the trifecta and he’s threatening any of his own party who might stand in his way. But there is no reason for people to make it easy for him. Anyone in a position to do so should delay everything they can, fight on any front, and make him work for every single abuse he’s planning to inflict.
Christopher Wray let the country down with this namby-pamby exit. He was in a position to expose Trump’s disregard for the institution he purports to love and demonstrate his disrespect for the law and the constitution and he didn’t do it. Let’s hope we see more passive resistance coming from the rest of the federal employees.
Yes, I know it won’t stop him. But it will slow him down and it won’t be long until he’s officially a lame duck and all those Republicans will have to face the voters again. Then there will be a chance to deprive him of congressional power and reset the system of checks and balances.
The New York Times offers one of its regular “Best of Late Night” installments this morning, “a rundown of the previous night’s … comedy.” Perhaps I’ve missed it before, but the Times suddenly considers Dana Perino funny and the Fox News Channel’s “Gutfeld!” a “comedy” show.
Trish Bendix includes the regular set of quotes from last night’s late-night. Nestled among quotes from Jimmy Kimmel, Jimmy Fallon, Seth Meyers, and Stephen Colbert are three from George W. Bush’s former press secretary regarding Donald Trump being named Time magazine’s Man of the Year:
“Trump said the honor feels just as exciting as the birth of his child, except he was present for the award.” — JIMMY FALLON
“So it’s the second time he’s had the honor, with the first coming after his presidential win in 2016. That was also the same week Hillary Clinton canceled her subscription and smashed her server with a hammer.” — DANA PERINO, guest host of “Gutfeld!”
“The editorial board mentioned Trump’s historic comeback, his impact on global politics and how we increased his votes from Blacks, Latinos and people named Biden.” — DANA PERINO
“The difference: In 2016, the cover called him ‘President of the divided states of America.’ This year, it’s simply his name, even though there was plenty of room for ‘Cry harder, losers.’” — DANA PERINO
It’s not simply three quotes from Perino, but three in a row, up top, so readers who click away won’t miss their inclusion. A cursory search of past “Best of Late Night” installments suggests including Perino and “Gutfeld!” is something new. Trump 2.0 is coming. The Times is obeying in advance.
If you’re feeling this morning like Alan Bates at the end of King of Hearts, join the club.
There is a nugget of what I’m looking for in the terms below, but none of them quite captures it. I’m not the only one looking for a word to properly describe government by the insane.
plutocracy? : government by the wealthy kakistocracy? : government by the worst people oligarchy? : government by the few kleptocracy? : government by those who seek chiefly status and personal gain at the expense of the governed autocracy? : the authority or rule of an autocrat (such as a monarch) ruling with unlimited authority idiocracy? : a society governed or populated by idiots
When pre-MAGA conservatives like Grover Norquist mused about rolling back the 20th century to the McKinley era, they imagined rule by Gilded Age plutocrats. I don’t think they considered it might mean a return to an age of crippling and disfiguring disease.
But with the Second Coming of Trump, that’s just what they may get (New York Times):
The lawyer helping Robert F. Kennedy Jr. pick federal health officials for the incoming Trump administration has petitioned the government to revoke its approval of the polio vaccine, which for decades has protected millions of people from a virus that can cause paralysis or death.
That campaign is just one front in the war that the lawyer, Aaron Siri, is waging against vaccines of all kinds.
Mr. Siri has also filed a petition seeking to pause the distribution of 13 other vaccines; challenged, and in some cases quashed, Covid vaccine mandates around the country; sued federal agencies for the disclosure of records related to vaccine approvals; and subjected prominent vaccine scientists to grueling videotaped depositions.
WTF? Remember polio? A friend who’s walked with a limp since childhood does. At least she survived hers.
We covered this ground a few weeks ago, but let’s hit it again with this quote from Star Trek graphic designer Michael Okuda:
Go to an old cemetery. See all the baby graves from before the 1950s & 60s? After that, hardly any. That’s when people started vaccinating their children against deadly childhood diseases. If you’re unsure what to do to protect your kids, the answer is literally written in stone.
The vaccine Luddites Trump proposes entrusting with your family’s health are something out of a zombie apocalypse film or 1950s science fiction, maybe A Worm Ate His Brain.
Us oldsters grew up with required vaccinations, some at ages so young we don’t remember getting them. What we also don’t remember (like the Great Depression) are the scourges of plagues modern medicine all but eradicated, like smallpox.
Apologies in advance, but this is smallpox:
This young girl in Bangladesh was infected with smallpox in 1973. Freedom from smallpox was declared in Bangladesh in December, 1977 when a WHO International Commission officially certified that smallpox had been eradicated from that country. (from Wikipedia).
You may not remember your smallpox vaccination, but Samoans remember when Trump’s proposed plague csar visited their islands:
In the small island country of Samoa, lives have been forever altered by an outbreak of the disease in 2019 that caused at least 83 deaths and 1,867 hospitalisations, mostly of babies and young children. Thousands more fell sick. The preventable illness was able to spread through the small, closely knit population of about 200,000 due to record low vaccination rates – stemming from a medical vaccination error, the Samoan government’s public health mismanagement, and fuelled by anti-vaccination sentiment, including by Donald Trump’s pick to lead the US health department, Robert F Kennedy Jr.
Norquist meant to roll back 20th century. Trump and his acolytes mean to take a wrecking ball to it, and not just around vaccines. Federal deposit insurance? What do you need with that Depression Era protection?
UPDATE: Emily Baumgaertner at the Times reminds readers (gift link) of six childhood scourges we’ve forgotten about because vaccines virtually eliminated them.
And welcome to our annual victory celebration of the Great War on Christmas
Yes, it’s that time of year again and the holidays have never been more welcome. If we ever needed a break it’s now.
And here at Hullabaloo it’s the time of year I ask you, my loyal readers, to put a little something into the old stocking to keep us going for yet another year.
This is a tough one, I know. Anyone can be forgiven for tuning out politics and spending their time doing something that doesn’t make them want to put their foot through the TV. Many people have cancelled their subscriptions to this site telling me that they just can’t stand to read about politics anymore and I totally understand it. For the first week after the election I pretty much only watched Netflix and Animal Planet. This is a grim time and we have to do whatever we can to keep our sanity.
But it you are reading this it means that you are still engaging, at least with us, and I want you to know how grateful I am that you are. For me, it’s not possible to stop paying attention for long. It’s just who I am. I can’t look away.
Back in 2002 when I first started this blog, it was also a very grim time. It was just a little bit more than a year after 9/11 and we were about to launch a ridiculous war against a country that hadn’t attacked us. It felt as if the world was on fire. I said at the time that it didn’t look as if there was much we could do to stop it but we had a responsibility to document the atrocities and speak the truth. That was the mission then and it remains so today, even if political culture is as surreal and bizarre as it is today.
Those were heady days for bloggers. It was a new thing and people were intrigued by the idea of citizen journalism on the internet. But it was also a scary time. We all took pseudonyms for a reason — we didn’t trust that this new thing wouldn’t get us into trouble, whether it was with our bosses or the government. Remember, there was a whole lot of spying on Americans going on back then and the White House itself was telling people to “watch what they say.” (The guy who said that was Ari Fleischer, the presidential press secretary.)
I’m not worried as I was back then. I doubt anyone in the government cares about what I write. Trump has bigger fish to fry. But I do have a strong feeling of deja vu about our current circumstances. The capitulation from the media and many of the Democrats to the new Trump regime is less febrile and more resigned but it’s happening nonetheless. Today’s propaganda and disinformation environment is much more sophisticated but it’s also more fragmented and the rise of the tech-bro oligarchy is a much more obvious threat than it was back then. But still, it amazes me that just 22 years later we’re basically facing a similar folding of any institutional resistance in the face of a right wing assault on American values.
I know that’s depressing and I really don’t mean to be. The Trump assault is different and far less competent. We already know that. So this particular Idiocracy version of the right wing assault may not last longer than the first two years. But even if they can’t accomplish the worst of their agenda, it’s going to be a very difficult time.
I appreciate your sticking with us all this time and especially now. I think that once we’ve licked our wounds and recovered from the staggering disappointment of the last election requiring us to deal with that Orange Monster and his cult for another four years, we’ll all be ready to re-engage with the same commitment we’ve had in the past. What choice do we have?
I’m not going anywhere. Deja vu or not, I feel as I did 22 years ago when I started this thing. The perspective of people who are observing all this from outside the DC bubble matters. If you value the work that I do every day, that Tom Sullivan does every day or even if you just want to pop in on Friday to read the Soother or Saturday to see what Dennis Hartley has been watching and listening to, I hope you’ll throw a little something in the old stocking to keep this going through this tumultuous time. We’re all in this together whether we like it or not!
cheers,
digby
And Happy Hollandaise everyone. We’ll get through this!
If you spend much time watching Fox News, or if you look to social media sites such as X for information about American politics and the U.S. government, you have probably heard two specific claims over the past four years. First, that the riot at the Capitol on Jan. 6, 2021, was fomented at least in part by government actors, including from the FBI. Second, that President Joe Biden and his son Hunter Biden took millions of dollars in bribes from a Ukrainian businessman.
You’ve probably heard those claims because each offers a different lens into the purported corruption of the Biden administration and/or the governmental Deep State — and because right-wing media organizations such as Fox spent months amplifying them. That claim about the bribes, for example, was hyped by Fox host Maria Bartiromo alone hundreds of times. The agent provocateur allegations about the Capitol riot, meanwhile, were a staple of Tucker Carlson’s former Fox News show.
Guess what? The DOJ inspector general released a report today showing it was all a lie. Shocker, no?
Here’s the lowdown on the Capitol “undercover” FBI story:
“We found no evidence in the materials we reviewed or the testimony we received showing or suggesting that the FBI had undercover employees in the various protest crowds, or at the Capitol, on January 6,” the report reads. There were informants at the Capitol that day, it continued, but those were people who, like Smirnov, gave information to the FBI rather than working for it directly. But even considering that distance from the government, the inspector general’s office found no evidence the informants were involved in the day’s violence.
A former FBI informant charged with fabricating corruption allegations about President Joe Biden and his son has agreed to plead guilty to four felony charges to resolve two pending federal criminal cases against him, according to a court filing.
Alexander Smirnov, 44, admitted to lying when he told the FBI that he took part in meetings with executives from Ukrainian energy company Burisma in 2015 or 2016 about a scheme to pay $10 million to Joe and Hunter Biden. Joe Biden was the vice president at the time of the fabricated meetings, and Smirnov claimed the purported payments were bribes to “protect us … from all kinds of problems,” according to a plea agreement filed Thursday in federal court in Los Angeles.
Smirnov also admitted falsely claiming to have had a conversation with an official at Burisma, where Hunter Biden served on the board. Smirnov falsely alleged that the Burisma official said it would take 10 years for investigators to find records of the purported payments to Joe Biden, the plea agreement said.
Smirnov agreed to plead guilty to one count of obstruction of justice and three tax evasion charges. He reached the deal with special counsel David Weiss, who began investigating allegations against Hunter Biden during President Donald Trump’s first term and was allowed to continue the probe after Joe Biden came into office.
This doesn’t make any difference as far as our Orange dilemma, of course. But there has to be some satisfaction in knowing that every once in a while these liars do get caught lying. It’s not much but right now it’s the best we’ve got.
NY Times reporter Mike Schmidt was on MSNBC today and made an interesting point. Trump will be the first president since Nixon who will not have to worry about the Justice Department naming a Special Prosecutor to investigate some scandal he’s involved in. Trump was made crazy during his first term by the Mueller Investigation and others. He went crazy when Jeff Sessions recused himself. But he’ll be free of it this time. No way will they dare to investigate anything that might touch Trump — family, friends, foreign countries, no one.
Until the Democrats can take back control of Congress (if they take back control) the only check on Trump is going to be the media and public opinion. How nice for him.
The other day I just happened to watch one of the Bulwark podcasts and as it happened Sarah Longwell had just returned from participating in an event sponsored by the NY Times in which a number of media and political luminaries discussed the recent election. She seemed a little bit stunned as she explained that she couldn’t make herself sit there and take their nonsense so she aggressively confronted them, in particular Kevin McCarthy.
I was hoping we’d get to see it because it sounded amazing. Here’s that moment:
"Trump lied about an election being stolen and then sicked a mob on the Capitol. It's funny that you roll your eyes at this, Kevin, because you're the one who went down and resurrected him.” pic.twitter.com/o02iQydpbN
While the vote count is official and President-elect Donald J. Trump will be the next occupant of the Oval Office, just about everything else, including how much of a mandate he has, why the Democrats lost and what the future of the two political parties — and the country — will look like, is still the subject of fierce debate.
That came through strongly during a discussion on Dec. 4 at the DealBook Summit in New York City about the election and its aftermath. The 10-member election task force, one of four held away from the main stage, included those involved in politics, the media and advocacy.
Early on, the lines were set: Jason Miller, a senior adviser to Mr. Trump, thanked other task force members for joining him in “celebrating President Trump’s victory.” Shortly afterward, Sarah Longwell, an outspoken Republican against Mr. Trump and publisher of the website The Bulwark, described Mr. Trump as “the most dangerous criminal human being that America has ever elected.”
And, she said, gesturing at Kevin McCarthy, former speaker of the U.S. House of Representatives and another task force member, “you’re the one who went down and resurrected him,” referring to Mr. McCarthy’s visit to Mar-a-Lago shortly after the Jan. 6 insurrection.
To which Mr. McCarthy replied, “You’re welcome.”
Not all exchanges were testy, but that did not mean there was a meeting of minds. Democrats on the panel rejected Republicans’ assertion that the victory was a sweep.
Good to see that exchange mentioned right up front. They all agreed that Democrats are out of touch, of course. But there was some acknowledgement that the GOP might have a problem too:
Mr. McCarthy acknowledged that, “Republicans have problems too. We didn’t win; Donald Trump won.”
That’s the most astute thing I’ve ever heard him say.
The podcast is really good too as she talks about the rest of those miscreants at the table like KellyAnne Conway and Jason Miller:
Here’s the whole NY Times Deal Book video.
The only exchange from this event that I’ve seen on cable so far is the one in which former Biden adviser Anita Dunn criticizes Biden’s pardon. Natch.
On Meet the Press last weekend, Trump made this inane comment:
Trump: I won on groceries. Very simple word, groceries. Like almost, you know, who uses the word. I started using the word. The groceries. When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period of time. pic.twitter.com/4hDzdJFrTz
He didn’t invent the word groceries. I don’t know what was rattling around his head when he said that. But he did use the word. A lot. And he promised that he was going to lower their cost over and over again. Yet in today’s TIME Magazine interview he said:
If the prices of groceries don’t come down, will your presidency be a failure?
I don’t think so. Look, they got them up. I’d like to bring them down. It’s hard to bring things down once they’re up. You know, it’s very hard.
A quick reminder of his campaign promises:
Trump before the election: vote for me, and I’ll lower the cost of groceries.
Trump today, to Time magazine: actually, it's not that simple: “It's hard to bring things down once they're up. You know, it's very hard." pic.twitter.com/nU36fg8y35
"Vote Trump, and your incomes will soar. Your net worth will skyrocket. Your energy costs and grocery prices will come tumbling down." https://t.co/zprGs2tevV
For the full Trump “weave” on the above of how he planned to lower the price of groceries, Philip Bump published the whole thing here. It makes you want to throw up to think that anyone voted for that moron.
CNN reported on his groceries lies but I don’t think it got any circulation:
Americans crave pre-Covid prices. Former President Donald Trump is promising to make them a reality.
“Prices will come down,” Trump told voters during a speech last week laying out his vision for a return to the White House. “You just watch: They’ll come down, and they’ll come down fast, not only with insurance, with everything.”
There’s no doubt the federal government can help influence the price of certain goods and services. However, broad-based price declines are not only improbable, they would bring about a doom loop difficult to escape from.
“Prices will come down and come down dramatically and come down fast,” he said.
Trump vowed to slash not just the price of gasoline, cooling bills and electricity, but predicted this would happen across the economy.
“Unquestionably, this is what people want to hear. And unquestionably, this is unrealistic,” Justin Wolfers, an economist at the University of Michigan, told CNN in a phone interview.
It’s one thing to try to slow the rate of inflation, making prices go up at a more gradual pace. That’s exactly what the Federal Reserve has been working to do the past two years, with a surprising amount of success.
But what Trump appeared to be describing is deflation: widespread price drops. And that’s something that scares economists because of what it portends.
“The way to bring about deflation would be to create a massive recession. That would cause businesses to start cutting prices,” Wolfers said.
But falling prices are problematic because they would stall the economy in its tracks.
It would have fallen on deaf ears in any case. Most of Trump’s voters don’t care what he said they just love him and the swing voters who went with him were so uninformed they probably thought he was promising to pay for their groceries personally.
In the TIME interview he went on to vamp about “energy” and “supply chains” possibly bringing prices down which is nonsense. Here’s what he said about that. If you can understand this gibberish you’re a lot smarter than I am:
You know, the supply chain is still broken. It’s broken. You see it. You go out to the docks and you see all these containers. And I own property in California, in Palos Verdes. They’re very nice. And I passed the docks, and I’ve been doing it for 20 years. I’ve never seen anything like it. You know, for 17 years, I saw containers and, you know, they’d come off and they’d be taken away—big areas, you know, you know, in that area, you know, where they have the big, the big ships coming in—big, the port. And I’d see this for years as I was out there inspecting property and things, because they own a lot in California. And I look down and I see containers that are, that are 12, 13, 14 containers. You wouldn’t believe they can hold each other. It’s like crazy. No, the supply chain is is broken. I think a very bad thing is this, what they’re doing with the cars. I think they lost also because of cars. You know, there are a lot of reasons, but the car mandate is a disaster. The electric, the EV mandate.
Hookay…
By the way, the other day on Meet the Press he also admitted that his tariffs may cause prices to actually go up.
KRISTEN WELKER: I want to delve into one of your signature promises on the campaign trail, which was to end inflation, to lower prices. You are now proposing tariffs against the United States’ three biggest trading partners. Economists of all stripes say that ultimately consumers pay the price of tariffs.
PRESIDENT-ELECT DONALD TRUMP:
I don’t believe that.
KRISTEN WELKER:
Can you guarantee American families won’t pay more?
PRESIDENT-ELECT DONALD TRUMP:
I can’t guarantee anything. I can’t guarantee tomorrow.
So, his promises to lower the price of groceries, which he admits were key to his success, was bullshit which those of us who have a basic junior high level knowledge of economics knew was bullshit at the time. And he admits that his further promise that Americans wouldn’t pay the cost of his tariffs is also bullshit. And we knew that too. But he put on the better show I guess and that was all that mattered.
If the Democrats don’t make a huge deal out of this right now before the country can buy into his lies that the economy is miraculously recovered and everything’s coming up roses just because he’s in the White House, they will be committing the worst malpractice they’ve ever committed and that’s saying something.
Meta Platforms has donated $1 million to president-elect Donald Trump’s inaugural fund, the latest step by CEO Mark Zuckerberg to bolster his once-fraught relationship with the incoming president.
The donation, confirmed by the company, is a departure from past practice by Zuckerberg and his company, and comes after an election campaign in which Trump threatened to punish the tech tycoon if he tried to influence the election against him.
The contribution and efforts to court the incoming administration are emblematic of the balancing act for technology CEOs whose companies have often been the target of ire from Trump and other Republicans and whose workforces tend to lean strongly to the left.
Now, with Republicans set to take control of the White House and both houses of Congress and calling for new regulation of tech, some executives are adopting a new posture toward Trump.
They have more money than God, as masters of the universe they are safe and secure and yet they feel the need to kiss Donald Trump’s ass in the most obsequious way possible. What pethetic little men they are.
