don patrick

[Brian Wesbury @wesbury]

The 10-year Treasury is at 4.53%. Imagine this, the government borrowed $5 trillion to shut down the economy and the Fed lent it to them at 1.5%. What changed?

[Brian Wesbury @wesbury]

@Sparertime Trump doesn’t spend, Congress does. Please read the Constitution.

[Brian Wesbury @wesbury]

The whole idea that right-wing extremists were dangerous, was gaslighting. And guess what, left-wing extremists were gaslighted. That’s why they have gone nuts.

[Brian Wesbury @wesbury]

We need to cut the size of the Federal Government massively and push this spending down to the state and local level. The closer the payers are to the fraud, the more likely it will be rooted out or never take place.

[Brian Wesbury @wesbury]

It will never open. And, if I am wrong, it will fail quickly. Government does not have a clue how to run a business.

[Jonathan Turley @JonathanTurley]

Truman said, if you want a friend in Washington, get a dog. This week, however, Eric Swalwell would be hard pressed to find a willing canine outside of a taxidermist. Fox40 just released a statement from "senior staff" in his offices that is crushing...

[Brian Wesbury @wesbury]

This chart has been everywhere lately. What does it really tell us? In 1979 (Carter Hell) 10% were upper middle class. Then came Reagan, lower tax rates, less spending, and the end of welfare as we know it. Upper Middle class grew to 25%. Since then, it’s improved just 6%, to 31%, and that came with massive government borrowing and handouts. Subtract QE and deficit spending and have people really become better off income wise? Or, have asset values just been inflated. I want the 1980s and 1990s back.

[Brian Wesbury @wesbury]

Look, I know everyone is freaking out…but the market was over-valued. It’s going down because it should.

[Doge Tipping @Dogetothemoon]

@BlakeSNeff @elonmusk Enough is enough

[Blake Neff @BlakeSNeff]

A drug-addicted parasite stole a gun, walked up to a random pregnant woman in Seattle, and murdered her. Instead of just executing him, the state wasted three years “evaluating” him before reaching a plea deal acquitting him for “insanity,” so now millions of dollars can be spent “rehabilitating” him so that later left-wing activists can work for his release in the hopes he will get to do more drugs and kill somebody again.

[Brian Wesbury @wesbury]

The Government tried to make healthcare more affordable, education more affordable, and has tried for decades to make housing more affordable. How’s any of this going? And does anyone really believe the newest dumb law will really make houses cheaper?

[Strider Elass @StriderElass]

The S&P 500 index total return YTD is -0.5%.
The Mag 7 are all negative...

Here are the contributions to the -0.5% total return YTD:

NVDA: -0.15
AAPL: -0.30
MSFT: -0.92
AMZN: -0.29
META: -0.05
GOOG: -0.12
TSLA: -0.24

Mag 7 total return contribution YTD: -2.07

The other 493 companies: +1.57

[Brian Wesbury @wesbury]

Explain this calculus: We were willing to print and borrow trillions (and accept 9% inflation) to fight a virus which was gong to burn out on its own. But, we fear temporarily higher oil prices to fight a regime that wants to blow us all up.

[don patrick @dpatrick1]

Sick

[don patrick @dpatrick1]

Sick

[Brian Wesbury @wesbury]

So, Elena Kagan, along with two other liberal justices voted for California allowing schools to not talk to parents about transitioning kids. She cited “tricky questions” - what possible tricky question could there be? They’re our kids, not yours.

[don patrick @dpatrick1]

@michaelgwaltz you've have been amazing and nailing these last few days.

[Brian Wesbury @wesbury]

Why would anyone need the Supreme Court to rule on this issue? I guess because some people are just absolutely insane.

[Brian Wesbury @wesbury]

In my 40+ years of being an economist, I have never seen the Fed more overtly political. Nor have I seen a battle like this errupt between the Fed and Whitehouse. The Fed has always had an unwritten rule about commenting on fiscal policy issues. It quietly supported TARP. It ignored the Obama tax hikes, and the massive Biden deficits. It ignored millions of illegal immigrants crossing the border. It ignored hundreds of billions in spending and subsidies being shifted toward solar and wind, which are less productive than fossil fuels. It also monetized that spending with Quantitative Easing. It cut rates before the 2024 election (which it has always tried to avoid). Now some on the Fed are saying they want to raise rates due to fears of inflation even though inflation was higher in 2024 when it cut rates. And the Fed can’t shut up about tariffs. It is patently obvious that the Fed has decided to play politics. They will argue that Trump started it. But QE actually started it. The Fed funded big growth in government and deficits. For Kashkari to blame Hassett for undermining Fed independence is laughable. No one should know the names of the people on the Fed…but these people are trying to be controversial. They want to be political. The Fed’s balance sheet must be trimmed…along with many thousands of Fed staff. It is absolutely untrue that the world is safer because of the massive increase in the size of the Fed’s balance sheet. The Fed is full of itself. I want a smaller, humble, quiet and much less active Fed.

[don patrick @dpatrick1]

Totally agree

[Brian Wesbury @wesbury]

The TPUSA halftime show is better than the football game.

[Elon Musk @elonmusk]

This is how the scam works