New home of @David_Charts. Armchair economist, sci-fi fan, impressed by good data viz. Node in the vast left wing conspiracy. Facts have a liberal bias.
Summarizing CBO, Fed and other analyses of Trump's truly awful economic policies, so you have it all in one place for sharing.
🔴Bottom 80% are expected to be worse off from the combination of Trump's tax bill (OBBBA) and tariffs. 1/
https://t.co/5s1ja1EV7Q
Trump’s goal is to intimidate me and get me to back down.
That’s not going to happen.
I will not be silenced, and I will not stop fighting for my constituents.
What's more likely to happen to your kid at school: a secret sex change surgery or a shooting?
One has never happened. The other happens almost every week.
Guess which one Republicans care about?
$AXP American Express with more “productivity” job cuts. Other companies announcing similar cuts as well.
Worrisome that chance the white collar recession is only getting worse.
Health care costs for workers are set to jump 8.2% next year, the biggest spike in 20+ years.
Why? Healthcare conglomerates are jacking up prices after Republicans cut health care funding.
Elect Dems who will break up Big Medicine and reverse the cuts.
https://t.co/pUqhvV0wVm
The U.S. is the world’s richest large country. We rank high on GDP per person, and typical U.S. HH has the 2nd highest income in world
But people w/ low incomes don’t share in that prosperity—their incomes are as low or lower than people in countries less wealthy than us.
Instead, policymakers enacted temporary tax cuts under Bush, made them permanent under Obama, enacted temporary tax cuts under Trump 1, and then made them permanent/enacted new temporary tax cuts under Trump 2.
If we hadn’t cut taxes, debt would be lower and stable.
Deficits are supposed to⬆️when we’re in a recession and when⬇️unemployment is low.
But our primary (non-interest) deficit for 2026 was more like an economy in a recession than the <4.5% unemployment economy we’re actually in.
And that’s been a pattern since the Trump tax cuts.
New @CenterOnBudget fiscal policy paper.
The U.S. has 2 deficits:
1. A fiscal deficit
2. An investment deficit—our failure to adopt policies making folks better off.
Fiscal policy should reduce both—not reduce one deficit by growing other. More revenue can do just that.
This is UNBELIEVABLY damning on Jared Kushner but don't lose sight about what this says about Rubio, Ratcliffe and the rest of Trump's senior diplomatic and intel team. https://t.co/gjvUdcOR9r
OOF.
U.S. consumer sentiment slipped to a five-month low of 48 in October, with buying conditions for durable goods hitting a record low as Americans expect prices to rise 4.7% over the next year and nearly 70% brace for higher interest rates, highest in over three years!
@onechancefreedm Blue chip long term bonds at 50-70 cents on the dollar, paying over 5% cash yields and 6% YTM.
Investors can lock in these high rates for 30+ years, as the discounts are call protection.
I hope everyone understands that, in an alternate timeline, it would have been much harder to hold Ramaswamy accountable for his pro-child-rape ad if Graham Platner were the Democratic candidate for Maine.
"Your candidate is exploiting child abuse."
"Yeah, well your candidate rapes and beats women."
During the entire Platner saga, those of us who opposed Platner got told over and over again, "Well Republicans get away with everything, so why can't we?"
We got told this over the Totenkopf. The reddit comments. And the initial story of domestic violence.
This is a bad ethical argument; it's also a bad political one.
I think the re-election of Donald Trump introduced a lot of nihilism among us, as well as a loss of any sense of order in the world. "Nothing has consequences, people like evil, and so we can all just race to the bottom."
The race to the bottom was never a good fit for Democrats, as we claim to want to improve human welfare. To be anti-bigotry. To endorse compassion in governance.
Also, again, it's just bad politics. If you want to hold the other side accountable, you have to clean your own house first.
This applies to antisemitism as well, btw. Failure to properly address it on our side is a moral failure. It's also a political one, as it leaves us much weaker as a party on multiple fronts.
Anyway, overall, we'd be in a much weaker position right now if the GOP had gotten their chance to dump their Platner Surprise--domestic violence and rape--on the entire Democratic party.
Please remember this lesson in the future.
@awealthofcs Higher yields are about Trump’s war causing higher energy prices, perhaps to help Putin.
The national debt is old news, long forecast and built into expectations.
The daily swings are about investors moving money between AI stocks vs. other stocks and bonds.
New: Low-info voters, who put Trump in the White House, now look even more anti-Trump than high-info voters, and give Dems bigger margins on the generic ballot.
1 out of 3 Trump voters who can't name the party in charge of Congress now back Dems for 2026
https://t.co/DMLAhsefGL