Wolfers: For nine out of the last 10 presidencies, if you’d said, “How much should we blame the president for what’s going on with the economy right now?” I would have said that the president is just one factor among many.
That’s what I would have said nine out of 10 times. This is the 10th time.
There’s literally no question about the cause of the current oil price spike. It is that we decided to go to war in Iran on an open-ended, ill-defined mission, and we’re not quite sure what to do. The Iranians took over the Strait of Hormuz, and now the global economy is substantially fractured and global energy markets are in disarray. There’s no question about what caused that. We know that because we actually saw things get a little bit better in June during the ceasefire, but those happy days are behind us.
There’s also no question that tariffs are a complete own goal. They’ve led to higher prices paid by Americans. And that, I think, explains why, if you look at the United States compared to our peers in the G7—think of these as other economies that are kind of like, if the U.S. economy had mates, this is who they’d be—comparable large industrialized economies, the United States right now has higher inflation than any of them. We’re number one, but it’s not one of those good number ones.
And let me just add: it really does hurt my heart because we know how not to screw things up. Any economics textbook, anyone who’s taken introductory economics, would know that there are large economic costs to going to war. They would know that starting a global trade war in a chaotic and incoherent fashion is all downside and no upside.
I want to be clear where I stand on this. This is inhumane, sadistic, and a violation of the power and authority the police are given by our government.
It is wrong.
On the Supreme Court birthright citizenship decision, keep in mind that three justices, Thomas, Alito and Gorsuch, directly disregard the clear language of the Constitution, and a fourth, Kavanaugh, disregarded it but relied instead on a law. That, my friends, is chilling.
The Slaughter case, overturning precedent, returns us to a spoils system where a president can “clean house” every four years, destroying our professional, independent civil service.
Let’s be clear about what’s going on here: They knew this story would hit, may have even been the source. It’s an effort to intimidate people into thinking it’s too risky to work the polls, too risky to vote. Do not bend the knee here. If you haven’t already, register & volunteer
Some women at a Turning Point USA summit talked about relinquishing their right to vote to create a “more conservative” country. Here’s why we can’t afford to laugh it off as ridiculous.
https://t.co/3dtpBdcO5T
The question inside Trump's White House wasn't whether suspending habeas corpus was a good idea. It was how much the administration could get away with before the courts stopped them.
That's a warning worth paying attention to.
Read here:
https://t.co/jRv5GR7PGa
Only in America….
A woman can get Raped,
File a complaint,
Win a suit in Civil Court holding her rapist civilly liable…
And then be criminally prosecuted by the U.S. Department Of Justice…
Because she was fucking raped by a rich powerful man who’s well connected.
We already have a process for determining whether accusers are credible. It’s called a trial. And a jury already decided they believed E Jean Carroll. THIS is weaponization.
https://t.co/wKl1B9YX4v via @NYTimes