Another notable aspect of this Elon U-Haul story in Michigan:
These are mostly Black, out-of-state door knockers who were being hauled around in this literal U-Haul with no seats or seatbelts. They were told transportation would be provided, this is what they got.
Bloomberg News analyzed more than 53,000 posts sent from Musk’s Twitter account between 2011 and 2024 to determine which topics he prioritized -- and which received the most engagement. Anti-immigration and voter fraud conspiracies top the list. https://t.co/sPjuCzxgQD
@RpsAgainstTrump Musk tells repeated lies about his visa status that can be fact-checked. He attended Penn as a foreign student (F-1 visa or F-1 status), but left in 1995 without a degree; he is then illegal. Here in 2013 he lies that he left with a degree and an H1-B. 1/
https://t.co/0OxnQdFMUd
@JDVance This speech was about "the current bank regulatory environment." It only mentions of "immigration" twice: The first says it may have led to lower inflation, and the second says that it may lead to higher inflation.
(It hard to know b/c immigrants boost both demand and supply.)
Here's what Senator @JDVance was referencing: https://t.co/DZm6Qwda9b
Read the whole thing and you'll discover: This was not a study, it was not by economists, it's not really about immigration, it's also not about housing prices, and it does not make the point he claimed.
Senator, it's best to avoid selective screenshotting.
The prior paragraph (which your staff omitted), suggests that inflation has *fallen* partly due to immigration.
You only screenshotted the second paragraph, which says the effect *could* go the other way. ¯\_(ツ)_/¯
Senator, you promised a "Federal Reserve study." But this is not a study, it's a speech. It provides no data, and no analysis, but simply one person's guess about what is going to happen.
The speech is not from an economist, but an attorney who previously served at FEMA and the Department of Homeland security (under Bush).
If only we could conduct an experiment where we increase immigration enforcement in certain areas, not increase it in other areas, and see the impact on home prices... oh wait
https://t.co/1vs1PAm4cw