I'm an avid traveler, but my heart will always belong to the freedom of the road. Why don't we enjoy some craft beer, share travel stories, and plan our next am
The US war with Iran is expected to increase inflation for the first quarter of 2027, raising costs at a time Americans are growing more concerned about the economy, according to an analysis by the Congressional Budget Office. https://t.co/fBNRFednfs
People need to hear this: lowest poverty rate in US history. Lowest childhood poverty ever. $196 trillion in household wealth — Americans are richer than they've ever been. A million new private sector jobs. S&P up 12% this year, even with a war going on.
About 190 million Americans are tied to the stock market. That's the story that should be getting told. @WhiteHouse — put these numbers out there.
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Trump doubles down on the $5K checks to Americans:
"If the Republicans win the House and the Senate, then I will give $5K to every adult in America. Let's call it the Trump Dividend."
I did some basic math on this.
Let's assume they will apply an income limit threshold because there is no way they are going to give $5K to the richest American adults even if they are saying every adult.
So they income limit I'm using is the same one for the first round of stimulus checks in 2020.
A hypothetical $5,000 payment to every eligible U.S. adult would provide the full $5,000 to single filers earning up to $75,000, married couples earning up to $150,000, and heads of household earning up to $112,500, with payments gradually phasing out and reaching zero at roughly $99,000 for singles, $198,000 for married couples, and $136,500 for heads of household.
This gets us to around 200 million full-payment-equivalent adults to qualify after accounting for the phaseout, which means the program would cost approximately $1 trillion, with a reasonable rough range of $900 billion to $1.1 trillion, depending on the exact number of eligible adults and how dependents are treated.
So even with a pretty aggressive income limit threshold, you get to $1T of money being given out to people, which might be a bit inflationary and make the Fed's job a little harder when it comes to tackling inflation.
On the other hand, this might all just be marketing and it's not going to happen or it does happen through some tax refund, but given the number of people that would qualify, it would still be pumping hundreds of billions into the economy with oil already high, yields already high, and rates continuing to go up.
Former CIA Director John Brennan: "It's sad to say that we've come to a point when we cannot trust any of the words of a President of the United States, whether he's talking about Iran, he's talking about the US economy, or he's talking about where he was on 9/11."
🚨🚨 CHINA IS ON ITS KNEES… BEGGING IRAN TO SURRENDER! 🚨🚨
President Trump just DESTROYED Iran’s oil empire.
Billions gone. Exports CRUSHED. Tehran is bleeding out.
And Beijing? They’re panicking.
Xi Jinping is so desperate he sent Trump a full-blown LOVE LETTER begging for the war to end.
The Chinese are screaming at Iran: “GET BACK TO THE TABLE NOW!”
Why?
Because America just stole the entire global oil game.
🇺🇸 US crude exports EXPLODED to all-time record highs — over 5 MILLION barrels a DAY.
Over 100 massive tankers are lined up off the Gulf of America like starving animals, fighting for our sweet, sweet crude.
Gas. Jet fuel. Diesel. Everything is flying out at record levels.
We’re even pulling a million barrels a day from our new best friends in Venezuela.
Beijing can’t get its cheap sanctioned Iranian oil anymore.
Every single Chinese trade route to the West? Controlled by the U.S. Navy.
They have two choices:
Buy American… or watch their economy choke.
Oil futures already crashed into the 80s.
Pump prices are falling FAST.
This isn’t politics.
This is America dominating the world stage while China and Iran scramble for scraps.
Trump just flipped the entire energy map.
And the world is watching.
🔥 Who’s feeling the heat now? 🔥
BREAKING: 🇺🇸 American wages have fallen to 43% of national income, the lowest since the Great Depression.
For every $1 the US economy produces, workers are getting less of it than at any point since 1929.
The rest is going to corporate profits, which are now at an all time high.
This is why the economy keeps growing but most Americans feel poorer. GDP goes up, wages go up in dollar terms, but workers are getting a smaller and smaller slice of what they actually produce.
Asset prices keep rising for the same reason.
Money that used to go to wages is now going to shareholders instead, and shareholders put it into stocks, real estate and other assets.
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