November 25, 2025

CNN insanity.

My screenshot from X, showing the Grok fact check that's easy to display:

 

And here's the whole video clip that should have any sane person saying That can't be right:

Why aren't there people at CNN saying That can't be right! before the thing goes on the air? Part of dealing with statistics is maintaining your basic intuition about what could be real and what must be wrong. That's commonly called the "sanity check."

The man seems to be in over his head. He's hopping about and gasping. He garbles "ever climber" (for "ever higher").

Who is he?

According to the instant fact check, he's John Berman, "an established American television journalist and news anchor." His credentials? "Graduated summa cum laude from Harvard University in 1994 with a Bachelor’s degree in Social Studies."

Oh, well, then... massive deference to the super-elite! Summa cum laude from Harvard. The best of the best. 

198 comments:

The Vault Dweller said...

So are the percentages really just the percentages of respondents who said each of those categories of good and services have had price increases for them personally over the past year?

Achilles said...

It was most likely a poll of CNN viewers too.

Democrats are retards.

narciso said...

John berman from espn

The Vault Dweller said...

"Achilles said...
It was most likely a poll of CNN viewers too."

It says Fox News under it.

Money Manger said...

100% of smart investors believe the stock market is up over the past year. Therefore the stock market is up 100% over the past year. Got it.

Aggie said...

Hmm. Must be News From a Different Planet. I paid $2.33 for gas yesterday at COSTCO. 'Your Costs Are Up Over A Year Ago'. No basis provided at all? This makes me glad I don't watch television.

narciso said...

Earth 616

Eva Marie said...

He is rich enough that he never looks at the price of anything he buys and doesn’t have any friends or family who are in lower income brackets.

Bob Boyd said...

In the clip Berman didn't actually say those numbers represented price increases.
He started out saying, "I mean, your costs are up vs a year ago...", then he underlines the various items and reads the percentages aloud, implying costs are up by that much.
But he knows they aren't because he followed with this:
"The bottom line is this: Americans feel prices are rising in every single part of their lives, rising ever climber and they just don't feel like, Kate Baldwin, that they can catch a break."
So he knew what the numbers represent and technically he wasn't lying, but he was deliberately misleading his viewers.
These people aren't dumb. They aren't making a stupid mistake. They're lying.

rcpjr said...

That's CNN's so-called "data guru" Harry Enten, not John Berman.

Eva Marie said...

This clip belongs in the top 100 comedies.

D.D. Driver said...

You can major in Social Studies?

Ronald J. Ward said...

What’s so hard to believe that 85% of American believe groceries are higher, etc?

Paul Zrimsek said...

I just don't feel like Kate Baldwin either.

Wince said...

Why do people "feel" prices are higher? Maybe it's reporting like this? Talk about "push-polling."

Mike (MJB Wolf) said...

LOL lefties gotta slag a good economy and prop up bad ones, as they do. Amazing how the misinterpreting always accidentally ends up being propaganda against Trump.

Peachy said...

Data can be altered.
An even more egregious example of altered or omitted data = crime stats in big blue cities.... after the Soros family paid off the Dems to be pro-crime/pro-de-fund the police.

Peachy said...

Prices shot up during Biden - and we were gas-lit by the Democratic Soviet Press... and high inflation that we all knew was occurring was ignored by the Soviet-Democrat press.
circa now- Prices in some areas are still high - some items are stable or lower.
Remember - it's all Trump's fault.

Mike (MJB Wolf) said...

It's true coasts are up over a year ago, except for volatile goods like gasoline. It's also true that the rise over the last year was far smaller than the huge increases year after year during Biden's mismanagement. But prices rarely come down. They usually just wait (years) fopr wages to catch up.

That's why we warned against every giant spending bill they pushed through. Sloshing $2T into an economy is stupid. And we had a Fed unwilling to ease rates. You can't just fuck the economy up like Brandon did and have it fixed in the first year of an actual functioning president.

Kakistocracy said...

Affordability is Trump’s problem now. Like every president, he will have to own the political consequences of rising prices.

I remember the 1970s inflation vividly. The defining term was "cost push" and it came from the heavily oligopolized industrial sector which was both protected and where collective corporate management was divided between corporate boards and industrial unions. Contracts all had escalator clauses institutionalizing the inflation into the process. Someone else -- the consumer -- was always paying. Until they revolted.

Trump's tariffs are just pump priming an inflation process that will rapidly become deeply entrenched.

When you continuously use monetary policy to try to rectify manifold policy mistakes across the rest of policy portfolio, you will eventually find yourself having to send for Paul Volcker.

James Carville's quip about the bond market will be proved again.

"I used to think if there was reincarnation, I wanted to come back as the president or the Pope or a .400 baseball hitter. But now I want to come back as the Bond Market. You can intimidate everybody" ~ James Carville

Iman said...

Costs are up in some areas. That’s the price we now pay for the four years of Biden’s inflation, which lowered ( by approximately 20%) the purchasing power of the US dollar. We can slow the constant uptick of COL by lowering the rate of inflation.

That’s my basic understanding of the Way Things Work.

Achilles said...

The Vault Dweller said...

"Achilles said...
It was most likely a poll of CNN viewers too."

It says Fox News under it.

It is funny that people think these organizations are significantly different.

narciso said...

Yes fox has some of the wurst pollsters

Peachy said...

Iman 9:15 - bingo.

Achilles said...

D.D. Driver said...

You can major in Social Studies?

I think it is Women's, African American, and a wide variety of other "studies" now.

Iman said...

Their demographic are the financial illiterates and the Democrats want nothing more than to keep them that way and to have their ranks grow.

Freder Frederson said...

But prices rarely come down.

But wasn't one of Trump's campaign promises that prices (especially for groceries, which is an old word) would drop on "day one" (along with the end of the war in Ukraine). And although Aggie is bragging about paying $2.33 a gallon for gas (I assume he lives in Texas, gas here in New York--not NYC- has been pretty stable--around $3.00 a gallon--since before Trump was elected) but Trump has, and continues to claim, that gas will drop below $2.00 any day now.

Trump is also up to his old tricks on fixing Obamacare. The new plan, or at least the concept of a plan, will be ready any day now.

Ronald J. Ward said...

No Wince, @9:01, I don’t think it’s the reporting doing it. Reporting, factual or otherwise, doesn’t much deter the MAGAnuts. They’re still going to be election deniers, climate deniers, and flat earthers if Trump says so.

So while Trump and some of his influencers and gulibles are “telling” them groceries are cheaper, what’s hitting them in the pocket begs to differ.

Beef & Veal: This is one of the big jumpers. Prices for beef & veal rose 13.9 %
Pork: Much more moderate — up ~1.2 % in August 2025 vs. a year earlier.
Poultry: Also modest — up ~1.7 % in August year‑over‑year.
Fresh vegetables: Up ~2.9 % in August 2025 vs a year earlier.
Sugar & sweets: Up ~5.3 % in August vs a year earlier.

That 85% who believe groceries are higher is being reported by CNN but actually coming from Fox News.

And here’s the kicker in my opinion; voters are not only concerned about the prices but see it as getting worse. And this is solely on Trump’s policies.

Iman said...

These leftwing corksoakers have been raiding the US Treasury for decades, fueling the grift/graft of the NGOs and USAID and the Biden administration’s ruinous actions were just the icing on the fecal cake… intended as the coup de grâce.

Iman said...

Obamacare needs fixing, Fredo?!?! Is there anything you people HAVEN’T fucked up?

Leland said...

EIA.gov says gas prices are lower than a year ago. Which is impressive considering Trump isn't emptying the Strategic Petroleum Reserve to artificially lower prices as was done a year ago. If gasoline prices are lower, then the impression that prices are higher through polling is a contrivance meant to fool foolish people.

narciso said...

The usual corksoakers do their thing

Beasts of England said...

’They’re still going to be election deniers, climate deniers, and flat earthers if Trump says so.’

lol

Freder Frederson said...

Obamacare needs fixing, Fredo?!?!

Who has said it doesn't? Certainly, a major plank of Trump's first run was that he was going to "repeal and replace" Obamacare and replace it with something much better and much cheaper. The plan was always two weeks from being revealed.

Iman said...

Democrats have the Fecal Touch: there’s not an institution or entity they won’t fuck up beyond all recognition and then complain about, as if Americans have forgotten who the culprits were. ASSCLOWNS.

Achilles said...

Ronald J. Ward said...

No Wince, @9:01, I don’t think it’s the reporting doing it. Reporting, factual or otherwise, doesn’t much deter the MAGAnuts. They’re still going to be election deniers, climate deniers, and flat earthers if Trump says so.

So while Trump and some of his influencers and gulibles are “telling” them groceries are cheaper, what’s hitting them in the pocket begs to differ.

Beef & Veal: This is one of the big jumpers. Prices for beef & veal rose 13.9 %
Pork: Much more moderate — up ~1.2 % in August 2025 vs. a year earlier.
Poultry: Also modest — up ~1.7 % in August year‑over‑year.
Fresh vegetables: Up ~2.9 % in August 2025 vs a year earlier.
Sugar & sweets: Up ~5.3 % in August vs a year earlier.



Remember.

This retard supported Joe Biden when all of these were double digits for 4 years.

The Beef prices are going through a cyclical trend that involves weather and disease cycles that is cutting supply.

That is why Trump made a deal with Argentina. Which this retard bitched about of course.

NorthOfTheOneOhOne said...

rcpjr said...

That's CNN's so-called "data guru" Harry Enten, not John Berman.

Yep, that's Harry Enten and the jumping around and gasping is normal for him. He's very excitable. This is unusual for him, normally his numbers are pretty good even if it's not what talking heads at CNN want to hear.

Achilles said...

Kakistocracy said...

Affordability is Trump’s problem now. Like every president, he will have to own the political consequences of rising prices.

Of course Biden's problems are Trump's now. That is how this works.

Trump needs to stop sending money to Israel and Ukraine though and start spending more time telling Congress to actually do something.

Freder Frederson said...

EIA.gov says gas prices are lower than a year ago.

I don't know which eia.gov you are looking at, but the one I looked at shows gasoline has been hovering just over three bucks a gallon since last October.

Saint Croix said...

Why aren't there people at CNN saying "That can't be right!" before the thing goes on the air?

It's a graphic that makes Trump look bad. And that's the goal of CNN and their Democrat operatives.

It's not half as dumb as saying Trump was a spy for Putin. Or a Nazi. Journalists tried to sell us that one did for years!

CNN has destroyed its credibility (and its ratings) a long time ago. Now they are preaching to an ever dwindling number of Democrats about how bad the economy is right now. You get your Dopamine hit of 2-minute anger. If you repeat this statistic at a water cooler, you'll get push-back. And people wake up to the fact that our mainstream media is partisan, unreliable, and a one-party propaganda machine. Or they don't wake up, and stay mad. But the kids figure it out.

Ronald J. Ward said...

Achilles, your “But, But, Butttt BIDEN” might give you a warm and fuzzy feeling but he’s gone, prices are up, people know it, it’s going to get worse and not better- which they also know, and it’s entirely Trump self-inflicted which is undeniable.

Eva Marie said...

Harry Enten’s education: Dartmouth, only magna cum laude, degree in government.

Original Mike said...

"This is unusual for him, normally his numbers are pretty good even if it's not what talking heads at CNN want to hear."

I imagine there was blowback for that, which lead to this deceptive presentation.

Beasts of England said...

Apparently Biden’s Inflation Reduction Act was every bit as successful as Obama’s Affordable Care Act!! lol

Ronald J. Ward said...

Achilles says:

“ Trump needs to stop sending money to Israel and Ukraine though and start spending more time telling Congress to actually do something.”

Spoiler-the bulk of consumers really don’t care about money on Ukraine or the price of eggs in China. They care about what they spend at the checkout lane.

What exactly is it that Trump is supposed to tell Congress to do? You cannot impose tariffs without raising prices on the consumer nor can you get rid of all the Brown men and keep oranges from rotting on the trees.

SteveWe said...

Beware of emotional news presenters. Berman's emotional presentation includes boxing hands and heel lifts as he bounces around on camera. Damn fool he is.

NorthOfTheOneOhOne said...

I think it's time to realize that CNN, much line MSNOW, has become a full-blown propaganda operation for the DNC.

Leland said...

My statement stands correct.

The Mouse that Roared said...

Prices have gone up substantially in many categories of goods over the past five years. They are not going back down in the foreseeable future because the Federal Reserve is returning to a loose money policy and government at all levels are borrowing massive amounts of money. This borrowing increases the money supply.

Both parties are responsible for this. In 2020 and 2021, beginning with Trump, the government deposited thousands of dollars into people's bank accounts. M2, the money supply, increased by ~25% as a result of this. Direct stimulus to consumers will always result in inflation of prices.

It's not going to get any better until government is forced to lower spending and the Federal Reserve tightens its monetary policies much like Volker did in the late 1970s and early 1980s.

The financial system is broken right now because neither party is able to cut spending and the Federal Reserve is following its old playbook of stimulating.

Both sides are to blame. This shouldn't be a partisan issue.

Maynard said...

Prices almost always rise. The question is how high.

The Althouse lefties seem to have forgotten that inflation was massive under Biden and has significantly decreased under Trump.

The media, of course, will not give an objective report of the economic improvement under Trump. They don't want to lose their old lefty audience.

mindnumbrobot said...

The poll was presented in a very dishonest fashion. Not a lie, but misleading. Whatever. It is CNN after all.

Trump spent too much during COVID, but I'm willing to give some leeway considering the unprecedented situation. Then the Biden admin threw gasoline on the fire by turning the money printing presses up to 11.

Prices are not coming down (with a few exceptions). The only cure is economic growth, and that takes time. We shall see.

Paul said...

Democrats lie?? Who knew!!!

john mosby said...

Social Studies is what Harvard calls Sociology. Harvard has weird names for a lot of stuff because often it was one of the first schools to have a department in that area. Sometimes the Harvard name caught on, sometimes it didn't. Harvard's Art History department was for years called Fine Arts, because after all, that's what you did there: you looked at fine art. They finally changed the name a few years ago. The History of Science department is called History and Science for long-forgotten reasons. And of course there's the Government department, which is not a Political Science department. CC, JSM

Beasts of England said...

’ Then the Biden admin threw gasoline on the fire by turning the money printing presses up to 11. Prices are not coming down (with a few exceptions). The only cure is economic growth, and that takes time.’

The Inflation Reduction Act was way too small. And, as we know, free money reduces inflation. It’s science… ;)

Yancey Ward said...

To be fair to Harry Enten, that really isn't the "entire video"- it is missing the introduction where it is very likely that it was described as poll data. Now, if that wasn't mentioned in the introduction, then CNN is guilty of lying by omission because the 24 second clip will lead a lot of people think those numbers are actual past year inflation numbers.

As for poll data on inflation- unless you are in a year of sustained deflation, your prices paid for most of those categories are going to higher year over year almost every single yearly increment- inflation is the norm, not the outlier.

I keep detailed records on my purchases in a spreadsheet- my inflation rate on groceries peaked in the Fall of 2022 at 12%/year. In the last year it has been at 2%. That isn't Trump, though- that was Jerome Powell and the interest rate hikes in the second half of Joe Biden's term.

Yancey Ward said...

Running a deficit year after year of 6-7% of GDP means it is going to be very difficult to get year over year inflation back down to the Feds own stated 2% goal.

Rusty said...

Supply VS Demand. You'll notice the price of eggs has come down once the new crop of layers has been introduced. Oddly enough. Produce tends to go up in winter here in the northern latitudes.

Yancey Ward said...

On all of the categories in that poll, only my gasoline purchases the last year show deflation. In all of the others I pay more (though housing is only the insurance/property tax). That is how it is almost every year with the only differences is that gasoline is hit and miss on inflationary.

Inga said...

Enten is not saying that prices are going up by those percentages. If one watches the entire video from the beginning, it is clearly stated that those percentages are the percentages of Americans who feel that prices have gone up under those categories.

Inga said...

”They just don't feel like they can catch a break."

Freder Frederson said...

The Althouse lefties seem to have forgotten that inflation was massive under Biden and has significantly decreased under Trump.

Actually, it hasn't "significantly decreased" under Trump. Inflation began easing in mid-2023 and for the last year has remained around 3%

hombre said...

According to UC Berkeley, if you live in a blue state, your cost of living is indeed higher than in red states. https://besi.berkeley.edu/publication/what-drives-high-costs-in-blue-states/

But never mind. Biden’s “[Democrat] truth versus facts.”

Sweetie said...


Enten knows his audience of mouth breathers and fart sniffers.

bagoh20 said...

It's willful propaganda, because CNN knows their viewers are "sharp as a tack".

Inga said...

It’s deceptive or lazy to use a clip found on X that attempts to make viewers think Enten is claiming that those percentages are referring to the amount that prices have risen. It might be a good idea to check out the entire video as to what those percentages actually refer. Why are people here so quick to believe deceptive cropped videos from X?

hombre said...

RJW: “You cannot impose tariffs without raising prices on the consumer nor can you get rid of all the Brown men and keep oranges from rotting on the trees.” Tariffs do not increase prices on domestic goods. That’s the point. Also, Illegals were not necessary to pick fruit. Cesar Chavez knew that as did my law school classmates who picked fruit in the summer to pay tuition. Extrapolate those things out if you are able.

Iman said...

US inflation significantly increased from 2021 to a peak in 2022, then began to fall, with the annual rate projected to be around 2.9% in August 2025.

The average annual inflation rate between 2021 and 2025 is estimated to be about 4.57%. This has led to a substantial increase in the cost of goods, with a cumulative price change of approximately 19.56% over this period.  

* 2021: Inflation was 4.7% by the end of the year. 
* 2022: The annual inflation rate reached its peak, with May 2022 seeing a 8.6%year-over-year increase. 
* 2023: Inflation started to slow, with May 2023 at 4.0%. 
* 2024: The annual inflation rate continued to decrease, standing at 3.3% in May 2024. 
* 2025: As of August 2025, the annual inflation rate was 2.9%. 

Key takeaways: The period saw a significant surge in inflation, particularly in 2022, followed by a sustained decrease.  The overall inflation between 2021 and 2025 is calculated to be about 19.56%.  The value of a dollar has decreased over this period due to the rising cost of goods.

Iman said...

Beasts @9:53AM… yes!

bagoh20 said...

The problem with inflation is that it's a ratchet. Prices almost never drop back to where they were once they go up. Therefore, the effect of a surge like we had to 9% last administration is not fixed by reduced inflation afterward. The loss of value was 22% under just 4 years of Biden. That reduced everything you have 22% permanently, because the money you can get for your stuff now is worth that much less. Am I wrong?

bagoh20 said...

19.5 -22%. I've seen it estimated in there somewhere, probably about 20% or 1/5 of the value.

Ronald J. Ward said...

Hombre, oranges was a metaphor that can be found with meat packers, brick layers, day laborers, maids, empty seats in schools and churches, etc.

If you seriously believe that tariffs is not essentially a tax to be picked up by the consumer, I don’t know how to explain it anymore than having the ability to convince you that the cow really didn’t jump over the moon.

hombre said...

Igna: “Why are people here so quick to believe deceptive cropped videos from X?” Wait! The video is deceptive. Is there disagreement here or just a missing adverb, Igna?

bagoh20 said...

"Why are people here so quick to believe deceptive cropped videos from X?"

Because for the last 10 years we have seen people parrot every unsubstantiated, and even clearly ridiculous claim CNN tells them, and continue to repeat them for years after they are proven untrue.

bagoh20 said...

Tariffs are paid by whoever is willing to pay them. Sometimes the consumer, sometimes the producer, sometimes the exporter, sometimes the importer, sometimes all of them. It depends on who needs that transaction the most.

hombre said...

RJW (11:11): So you are not able to extrapolate those things out (11:02). Short version: Illegal laborers who are paid low wages in cash to avoid taxes and other expenses are a detriment to the American middle class, etc. “Tariff as tax” is an oversimplification seized upon by simple-minded Democrats to thwart Trump. Virtually every trading partner we have imposes tariffs on our goods to prop up sales of their domestic goods. Is the point to tax their consumers? Why no. It’s not!

Kakistocracy said...

Reshoring is inflationary. Manufacturing was off shored to lower costs. Trump's desire to return manufacturing on a large scale of consumer goods will result in those items costing much more. Labor costs will be dramatically higher. American consumers got used to access to cheap consumer goods, and lots of them.

Tariffs on food = consumer inflation
Tariffs on lumber = housing inflation
Tariffs on steel = higher car prices
Deportations of non documented workers = labor inflation
Unrestricted data center expansion = higher utility costs

The only way that these costs do not get passed on to the consumer is if the higher prices have reduced demand and created a recession.

Neither outcome is great.

Inga said...

“The video is deceptive.”

The video in its entirety is not deceptive. You are stuck on stupid here. Enten is not claiming that Americans feel prices have gone up by those percentages. Nor is he claiming that those are the percentages that prices have gone up by. He is saying that those are the percentages of Americans that feel that prices have gone up under those categories.

Example:

85 % of Americans feel grocery prices have gone up
78% of Americans feel their utility have gone up
67% of Americans feel their health care prices have gone up
Etc.

Get it?

Eva Marie said...

“nor can you get rid of all the Brown men and keep oranges from rotting on the trees.”
This is a typical lefty talking point. It’s not meant to persuade, it’s not meant to shame conservatives. Its purpose is to keep liberals in line. Its purpose is to divide the US into us and them. There’s no argument there for illegal immigration. It’s a statement - if you’re racist you’re them. If you’re not a racist then you’re with us.

john mosby said...

Kak, the way the higher costs don’t get passed on to the consumer is because they’re paid to the consumer. American workers get paid to replace the foreign goods and labor. And guess who American consumers are? Those same American workers. CC, JSM

narciso said...

Why would we expect them to understand anything else

Jamie said...

I've been in physical therapy several times a week since late September. There are TVs mounted everywhere. Their sound is off, as it is in airports, gyms, bars (whatever bar might be playing news for its clientele). This graphic? This graphic, without sound, very clearly pushes the message, "prices are up dramatically under Trump, much more than under Biden."

Any explanation that these percentages reflect the number of people polled who believe that prices are up is like the sped-up audio at the end of a car commercial "informing" the listener of loan terms and conditions.

You know what else it's like? It's like the insistence of the Wicked Six that they were just supplementing the training of the military by making a heavily emotionally weighted ad urging them to examine all their orders with a critical eye, lest they be illegal. They never said that they might already have received an illegal order (though they did say that Trump is "pitting" the military against civilians, with a strong implication that Trump is on the verge of ordering them to turn their guns on people who have done nothing at all, as opposed to deploying the National Guard to protect federal personnel and buildings from "civilians" attacking or threatening them). Innocent as spring lambs, the Wicked Six.

Joe Bar said...

That guy is always hopping around,waving his arms and shouting. That's why he's there.

Iman said...

So Nuclear Gaslighting is their weapon of choice.

narciso said...

Like the video with chris walken

Yinzer said...

All democrats lie. Nearly everyone at CNN are still democrats, ergo CNN lies all of the time. I am enjoying my eggs at $3.50/doz here in Maryland, down from nearly $1 per egg when Biden left. Also gasoline as it drops close to $3.00.

Mason G said...

This graphic, without sound, very clearly pushes the message, "prices are up dramatically under Trump, much more than under Biden."

More crap to help dumb people feel good about their ignorance.

chickelit said...

I feel Schadenfreude for how this indirectly dings Harvard!

chickelit said...

You can always tell a Harvard man but you can't tell him much.

Ampersand said...

Approximately 90% of each Harvard graduating class is awarded a bachelor's degree with cum laude or better. In 2025 the requisite GPAs were 3.989, summa cum laude in field ; 3.931, magna cum laude in field ; and 3.762,. cum laude in field.
We live in an extremely decadent society, and Harvard is emblematic of that.

Temujin said...

Harvard gives out degrees in 'social studies'? And one can find themselves graduating summa cum laude after going through that? What does that take, one wonders aloud?

We hand out degrees to people all over this country for time and money spent. Not learning, but time and money spent.

Many graduate as morons who know nothing. But they have that degree in their back pocket. And so often I'm reminded of the words from Oz, the Great and Powerful, as he explained to the Scarecrow: "Back where I come from we have 'universities'- seeds of great learning. Where men go to become great thinkers. And when they come out they think deep thoughts, and with no more brains that you have. But...they have one thing you haven't got. A diploma."

No doubt, in social studies.

It is unsurprising to me that his education set him up for a career as a 'tv journalist' and 'news reader....er...anchor'.

Temujin said...

Yes, after I watched the video I could see that was Harry Enten- who should have known better. Actually, everyone should have known better.
Clearly those are percentages of people who said things had risen in those categories. And, of course they have. But...not nearly that much. Not even close.

Eva Marie said...

Conspiracy theory: This was Harry’s penance for reporting so many pro Republican statistics. It’s the reason he was so nervous during this segment.

Tina Trent said...

Groceries and gas are much cheaper. This being CNN, it's probably cocaine costing more.

Lurker said...

Our economy is inflationary by design, giving the stock market, commodity and real estate prices a continual upward bias. The history of the CPI, our most common inflation gauge, shows one non-inflationary year since Eisenhower left office in 1960: the end of Obama's first year (2009). Compounding raised prices 20% across Biden's term.

Ronald J. Ward said...

Bagoh & Hombre, same as what conservatives have chanted for decades; “You can’t tax the rich or businesses because they’ll just pass the cost onto consumers.” Raise corporate taxes? Prices will rise. Raise the minimum wage? Prices will rise. Increase regulations? Consumers will pay. Tax capital gains? Investment will flee → consumers suffer.

To be clear, importers are the ones handed the bill. From there it may be spread out to a degree, as you say contingent on market but ultimately, Walmart , Amazon et al generally don’t like to “make less”. But again, I’ve learned you cannot explain to Trumpers why 2 plus 2 does not equal a horse.

As for immigrant workers and aside from selling the Basket of Gullibles that this was about removing criminals, I don’t disagree they’ve been a deterrent to higher wages- which is another argument. My one and only point was that it will drive up prices that the present voters will not tolerate.

narciso said...

Certainly the green nude eel funds had the largest impact as dod the restrictions on fuel restrictions

Eva Marie said...

“My one and only point was that it will drive up prices that the present voters will not tolerate.”
lololol
Your one and only point was to paint conservatives as racists as a signal to liberals to stop thinking and remain Democrats.

Inga said...

This man is Harry Enten, not John Berman. Enten graduated from Dartmouth , not Harvard.

boatbuilder said...

He's not misinterpreting or actually lying. He's presenting the percentage of people who "feel" that prices are higher than last year--they are, slightly--as the actual amount of price rises perceived by Americans, and trying to hope that nobody notices the sleight of hand involved. This is dishonest, but it's not technically lying.

Freder Frederson said...

Groceries and gas are much cheaper.

Neither is true. Groceries (such an old-fashioned word!) have continued to rise. Yes, there are exceptions like the price of eggs has come down, but their rise had nothing to do with underlying inflation, but because of bird flu. Gas, as I pointed out, has not changed significantly in the last couple years, averaging (nationwide) just over three dollars a gallon.

Face it, Trump made promises he was unable to keep. Any idiot knows that grocery prices were not going to drop on "day one". He also said energy prices would drop. Oil has pretty much stayed where it was, but electricity is going up rapidly.

boatbuilder said...

It's also the sort of sleight-of-hand and slick obfuscation that Our Serial Killer/Chuck fully approves of.

boatbuilder said...

Or what Bob Boyd said.

narciso said...

Ignoring the stupid regulations that make gas prohibitive in blue states

Eva Marie said...

It’s interesting that when lefties are caught, they always plead innocence, they never defend their stupid points - kind of like the terrible six.

jamzim said...

"Sanity check"? Or "sanity clause"? Then again, according to the Marx Brothers, "there ain't no sanity clause."

Eva Marie said...

“Face it, Trump made promises”
Trump closed the border. It’s the reason I voted for him. Thank you President Trump.

Peachy+2 said...

Trump promised to bring Biden inflation down.
He did. rachet gravity - Bagoh is correct.

Left Bank of the Charles said...

“here's the whole video clip”

The 24 second clip Althouse posted starts in the middle, not at the beginning. So it’s not the whole clip. It’s been deceptively edited to leave out the introduction of what those percentages actually mean.

Inga 1, Althouse 0.

Left Bank of the Charles said...

Harry Enten not John Bergman.

Inga 2, Althouse 0.

boatbuilder said...

Inga, Left Bank--wouldn't an "honest" report tell us what the actual rises are, and then explain what the perceptions are? Instead of a graphic that says "Your Costs Are UP From A Year Ago" over the poll percentages?
Why not do that, unless you are trying to present things dishonestly. And why should anyone trust an organization that presents things this way?

hombre said...

Igna 11:32: “Get it?” Sure. The point is that everybody here gets it and sees the presentation as deceptive except you lefty trolls. But it’s all good. Instead of the leftmediaswine “explaining” stuff for you Democrats, you get to do it for them.

Jamie said...

The 24 second clip Althouse posted starts in the middle, not at the beginning. So it’s not the whole clip. It’s been deceptively edited to leave out the introduction of what those percentages actually mean

Is it your contention, Left Bank, that to add an explanatory line to the very misleading graphic would have been prohibitively difficult?

Because your claim here is that if the viewer happened to tune in, or start attending to the report, at any time other than the very beginning, it's the viewer's own fault that she misunderstands the very misleading graphic. It's a buried lede - just not buried in the middle the way it would have been in print; buried instead at the beginning, when viewers may or may not be sitting there glued to the story yet. Taking full advantage of the way people watch news (those who watch it): it's kind of background noise until they are grabbed by something (such as a graphic that implies, very misleadingly, that groceries have nearly doubled since Trump took office).

Keep trying - all y'all's* efforts to defend the indefensible might one day hit pay dirt.

* Texan'ed up to make it clear that I'm not singling out Left Bank here

Jamie said...

Reposting from a too-late comment I made on the Wicked Six mutiny-encouragers post from yesterday, because it's just as relevant here:

And those pretending that they didn't mean what they clearly meant - I cannot understand what it must feel like to be you in this situation. Just how flexible are your morals, anyway?

Inga said...
This comment has been removed by the author.
Inga said...


“Inga, Left Bank--wouldn't an "honest" report tell us what the actual rises are, and then explain what the perceptions are?”

The segment was about a Fox poll that showed the percentage of people who felt that those categories listed were going up in price.

narciso said...

Have they ever told the whole truth in ten years 'rhetorical'

narciso said...

And yet they would have the people vote for the same democrats that stink like pepe le peu

Achilles said...

Face it, Trump made promises he was unable to keep.

We get it freder. You are too stupid to discuss the issue in good faith.

Everyone knows that Joe Biden caused the inflation and that Trump is fixing the problems.

Trump is also saddled by a do nothing congress. If Trump does not start calling out congress soon the shitheads like freder will pretend everything is Trump’s fault.

Trump also needs to stop sending billions of dollars to Ukraine and Israel.

hombre said...

Here we go again. Lefty fabulists and their mediaswine airbrushing Biden, Kamala, 10+ million unvetted illegals, soaring Bidenflation, empty grocery shelves, Democrats blocking deportations, blue cesspit cities (homelessness, crime, illiteracy in schools), mutilated children and lawfare to distort Trump’s economic record. It can’t be for the good of the republic, can it?

Lurker said...

The point is the CPI swallowed Biden's term of 20% and Trump's current 3% per annum is compounding on it. The other gauges the Fed follows, PPI and PCE, are even lower. Yes, prices are up, but prices are always up. Biden had two years that averaged 7%. They will never go away.

Inga said...

“Harry Enten's CNN Segment
Harry Enten discussed these poll numbers on CNN, highlighting how the high cost of living was a major problem for the current (Trump) administration and how it might impact future elections. He emphasized that voters across the political spectrum, including a majority of Republicans, were feeling the pinch of rising costs and that 75% of voters felt the President was not paying enough attention to lowering costs.

The Deceptive X Post
According to news reports and online discussion, a video clip of Enten's CNN appearance was doctored and circulated on X. The edited version reportedly manipulated Enten's words or the on-screen graphics to suggest something different from his actual reporting—likely to downplay the severity of inflation or shift the blame. Fact checks and a review of the original segment reveal that the claim of deception originated from the editing of the clip by an X user, not from Enten's original reporting or the Fox News data itself, which was accurate as presented in the poll.”

Gemini

narciso said...

From 20 down to 3% do you math

FullMoon said...

Pretty simple comparison.
Dollar store went up to buck and a quarter under Biden. Gasoline went down under Trump.

Used to be mildly amusing to see people check Costco receipt, surprised that they spent so much. Under Biden, everybody at local grocery checking receipts assuming they were overcharged.

Eva Marie said...

“Just how flexible are your morals, anyway?”
They’ve taken care of that problem by having no morals at all.
Looks like your post op is going smoothly.

Lazarus said...

Prices for most things rarely come down, but prices for groceries and fuel -- things people worry about most -- do fluctuate. If we decided we cared about something else more, private enterprise or the government might do something about that -- as may be the case for pharmaceuticals.

We are all dependent on what we happen to see. Ideally we'd check it out more thoroughly, but people don't always do that.

Mason G said...

"The point is that everybody here gets it and sees the presentation as deceptive except you lefty trolls."

The lefty trolls don't recognize the deception or they do and are okay with it.

Pick one.

FullMoon said...

"The segment was about a Fox poll that showed the percentage of people who felt that those categories listed were going up in price."

The fact that so many believed gas had risen while in reality it was cheaper, proves , not that prices have gone up, but simply that the news, whether true or false, influences peoples opinions.

Imagine the MSM spinning and trumpeting Trumps achievements daily. He would be considered a great president .

n.n said...

Trump made a mistake of refunding taxes before the Covid hysteria and shutdowns, which invited subsidies that were first-order forcings of inflation. Biden doubled-down after the pandemic and invested in inflationary schemes including IRA, Obamacares, immigration reform, Obama's ethnic Springs, etc.

Ronald J. Ward said...

Achilles says; “ Everyone knows that Joe Biden caused the inflation and that Trump is fixing the problems.”

Remind us of the state of the economy when Obama handed it over to Trump 45 what 45 handed over to Biden.

Lurker said...

Galbraith famously said it in the Kennedy administration, whether someone else said it before or not: "It's not what people don't know that's the problem. It's what they don't know but think they know." That's the bottom line on the Enten clip, as it is the bottom line on our politics. The sovereign people are as inattentive as Louis the XVth.

rehajm said...

The government compiles statistics on consumer prices and inflation. CNN must not know about that, having to rely on asking people how the 'feel' about prices...

Kakistocracy said...
This comment has been removed by the author.
jim said...

D.D. Driver said...
You can major in Social Studies?

Apparently yes, this is a major at Harvard. Sounds like an area major or a basket weaving dept.

Naturally when you see these figures you think they represent the actual increase in prices, and that's probably what CNN wanted to project.

Does anybody voluntarily watch CNN? I've only seen it in air terminals for several decades.

bagoh20 said...

I'm sure of one thing. CNN is pleased if people got it wrong. We all know this.

bagoh20 said...

Over the holidays, I expect to hear at least one person say that groceries are up 85% under Trump, and CNN thinks that's great.

Butkus51 said...

Theyre.

Not.

Good.

at.

Math.

Jamie said...

[deceptive] editing of the clip by an X user

You mean the "deceptive editing" that started the clip in the middle, just the way actual watchers of CNN might start to pay attention to the story once they heard the statistics (which are not explained except at the very beginning)?

Because it would have been just too difficult to title the graphic something like. "Many [or Most] Consumers Believe Prices Up Under Trump" instead of "Your Costs Are Up vs. A Year Ago"? Hmm? And it was just too difficult for him to bracket his references TO THE GRAPHIC with something like, "Check out these consumer sentiment numbers - 85% of consumers believe..." as he began, and "These percentages of consumers who believe prices are up since last year are too high to be ignored" or something like that? Hmm? Plenty of anti-Trump spin in there as I've worded these things, but without the blatant deception.

rehajm said...

...if CNN is pushing this it must be the Mandami victory model of 'affordability' we're going to see much more of until midterms. It's a manipulative lie but unfortunately people are stupid...

rehajm said...

Over the holidays, I expect to hear at least one person say that groceries are up 85% under Trump...

Heck, Kak is going to say that in the open thread tonight...

Kakistocracy said...

Americans are deeply frustrated with the economy—and with good reason. The outlook for 2026 looks even bleaker.

Every major consumer-sentiment index is telling the same story: confidence has plunged to its lowest levels since April (or, in some cases, since the inflationary summer of 2022).

Why?

The middle class feels squeezed like never before, while lower-income households are effectively already in a recession.Here are the main reasons:It’s hard to find a job—unless you work in healthcare.

The cost of living keeps rising, especially for essentials: food, utilities, healthcare, insurance, and auto repairs. Real incomes are shrinking as inflation outpaces wage growth and pay raises become smaller and rarer.

In November, "expectations for increased household incomes shrunk dramatically," the Conference Board said today. Expect more of that in 2026.
https://www.conference-board.org/topics/consumer-confidence/

Achilles said...

Ronald J. Ward said...
Achilles says; “ Everyone knows that Joe Biden caused the inflation and that Trump is fixing the problems.”

Remind us of the state of the economy when Obama handed it over to Trump 45 what 45 handed over to Biden.

Dishonest piece of shit pretends that COVID didn’t happen and that democrats caused all of those problems with dishonest policies and lockdowns and lies by people like Fauci.

Kakistocracy said...

Having mastered epidemiology, toilet paper supply chain logistics, submarine design, and bridge engineering -- Achilles would like to offer his take on the Trump recession.

Jim at said...

any sane person

I think you've identified the problem.

Jim at said...

Trump is also up to his old tricks on fixing Obamacare.

Why is it our responsibility to fix your fuck-up, Freder?

We told you then it was a steaming pile of shit. We told you everything that's currently happening was going to happen. You told us to pound sand and rammed the thing through without a single, Republican vote.

And now we're supposed to fix your mess? No. You made it. You choke on it.

Eva Marie said...

Trump sure is up to his old tricks. Peace for Christmas between the Ukrainians and Russians. Well done Mr President.

Ronald J. Ward said...

Being the real piece of work that you are, you step in it so easily but let’s walk through this one more time.

Achilles says; “ Everyone knows that Joe Biden caused the inflation and that Trump is fixing the problems.”

When reminded of what Biden inherited, Achilles says; “ Dishonest piece of shit pretends that COVID didn’t happen and that democrats caused all of those problems with dishonest policies and lockdowns and lies by people like Fauci.”

If I’m not mistaken, and I don’t believe I am, COVID was declared officially over in May of 2023, almost 2 years 3 months into the Biden administration when inflation, driven mainly by a global supply shortage, was at its peak. And it’s also true that Biden returned to Trump 47 an inflation rate of the pre-COVID era.

In all fairness, doesn’t that make you a “ Dishonest piece of shit that pretends COVID didn’t happen”?

peachy said...
This comment has been removed by the author.
peachy said...

ObamaCare was passed without any Republic input. NONE.
...and without a single Republican vote.

We told you then it was a shit sandwich.

Eva Marie said...

Ronald J Ward says:
“In all fairness, doesn’t that make you [Achilles] a “ Dishonest piece of shit that pretends COVID didn’t happen”
As an impartial observer, in all fairness Ronald, it’s very clear to me - you’re the dishonest piece of shit.

Eva Marie said...

Not that I would ever use such language.

peachy said...

I would.

Eva Marie said...

lol

Kakistocracy said...

Trump Implements Major Rollback of Food Tariffs ~ WSJ
'President moves to lower duties on beef, coffee and dozens of other goods as cost-of-living concerns rise'

Why? I thought tariffs worked and would make America richer? I thought the foreigners paid for it? I thought it was the most beautiful word in the English dictionary?

Who would've thought that adding an import tax on staple foods would make them more expensive. Oh yeah -- absolutely everyone.

The math don’t math, as they say

n.n said...
This comment has been removed by the author.
n.n said...

The difference between a journalist and JournoList who will bray a dissonant cacophony with a handmade tale.

Achilles said...

Ronald J. Ward said...

In all fairness, doesn’t that make you a “ Dishonest piece of shit that pretends COVID didn’t happen”?

I can point to specific policies that Biden implemented that drove inflation. He started numerous wars with inflated money supply, He gave money to corporate and NGO cronies with inflated money supply, he imported millions of illegals into our country increasing demand for goods, he installed DEI regimes that paid people to effect racist policies with inflated money supply.

You can't honestly point to a single Trump policy that would drive inflation like this outside the payments he made directly to American citizens during COVID.

I am just waiting for you to say tariffs drive inflation too. Please do it so you can confirm to everyone you don't even know what inflation is.

Achilles said...


Kakistocracy said...

Trump Implements Major Rollback of Food Tariffs ~ WSJ
'President moves to lower duties on beef, coffee and dozens of other goods as cost-of-living concerns rise'


Just like this fucking idiot.

The sock muppet has no idea what drives inflation. He is so stupid that he thinks dead weight loss from taxes is inflation.

He is just mad that globalist oligarchs are paying taxes for once.

He will be be baying to tax the rich like a tool in the next thread.

Leland said...

COVID had little effect to the economy by the time we entered 2021, because of Trump’s efforts to reopen the economy. Evidence can be found in the US GDP and inflation rate. However, once the Infrastructure Improvement Act was passed and signed by Biden, inflation increased significantly while the US GDP slowed. This had the unfortunate effect of lowering US consumers real purchasing power at a time when job growth slowed (especially amongst US born workers) and lending rates soared.

narciso said...

Raymond was proven to have removed all doubt multiple times

Ronald J. Ward said...

Achilles, you listed several things as inflation drivers that aren’t connected to inflation in any measurable way—DEI programs, NGO grants, or immigration, for example, are nowhere close to the scale needed to move CPI. What did move inflation globally after COVID were the same factors every major economy experienced: supply chain shocks, energy disruptions, and pent-up demand. That’s why the U.K., Germany, Canada, and the EU all saw similar spikes.

As for Trump, tariffs absolutely raised prices, and will continue to do so- his own economists said so. That’s not a partisan point; it’s basic economics. Tariffs increase input costs and reduce supply, so prices go up. You don’t have to like or dislike Trump to acknowledge textbook cause and effect.

narciso said...

From 2020 on the clique that ran the autopen, just wemt on a bustout rampage crippling our energy infrastructure opening up the border letting major metropoli collapse into chaos and thus had impacfs abroad in ukraine and afghanistan

Kakistocracy said...

Trump's tariffs are part of the problem. On P9 below the Fed says pass-through of tariffs has already pushed up inflation and will also lead to “additional pickup in core goods inflation over the next few quarters”.

Trump can try to gaslight the entire country as much as he likes but people can feel the impact of his incoherent trade policies in their shopping baskets.
https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20251029.pdf

narciso said...

As if we hadnt seen powell drop a 1000 basis points to save the regime despite the increased spending

Bushman of the Kohlrabi said...

Unfortunately, once inflation is allowed to enter the economy, it’s nearly impossible to remove. I expect Biden’s hyperinflation to negatively affect the US for years to come.

narciso said...

Remember when milei brought inflation down to zero and the hedge funds tried to sink him

peachy said...

Leland is correct. And those lame stimulus checks - caused more inflation.

narciso said...

If not for the lockdowns that imperiled business their wouldnt
Have reason for the giveaway

Howard said...
This comment has been removed by the author.
Howard said...

It doesn't matter what type of statistical dance the CNN tool is performing. The stats shows what people actually think. The realpolitik view is that Trump and the Republicans are going to be held responsible for these perceptions.

W

Hassayamper said...

Trump has, and continues to claim, that gas will drop below $2.00 any day now.

They've opened up a significantly larger (but still proportionately quite tiny) chunk of Alaska to oil drilling, and it may be the case that the Russian embargo will be lifted with a peace agreement. There's obviously some lag time there, but we will indeed see sustained prices below $2 if those two things occur. I'm a little sad because I have interests in the Oklahoma oil patch that are sucking the hind teat these days, but it's good for the country.

Given the inflation we've seen in the past few years, $2 gas is pretty cheap gas indeed. Adjusted for CPI it's cheaper than it was in 1973, before the oil crisis.

Iman said...

“This man is Harry Enten, not John Berman.”

Easy to tell the difference. Enten is fairly young and Berman is the talking head who’s always got a look on his face that says he’s surprised he was caught chewing on a turd.

narciso said...

Dems will stab you in the heart, then dare to pull the dagger out

Iman said...

Howard is ever hopeful, but the economy and associated things have already started to improve… and there is plenty of time before the election for the Democrats to continue their meltdown/circlejerk/fucking up.

narciso said...

When is he surprised

Lawnerd said...

The good news is only about 10,000 peeps watch CNN anymore, and they all live in nursing homes.

narciso said...

Mostly people like gutfeld and kelly who mine it for material

Skeptical Voter said...

I've got some friends with raging cases of TDS that would swallow that stuff whole. I usually get six or more posts a day about the latest "Scumty" outrage. For a while they were yelling about $9 a dozen eggs. For most of the last decade or so major grocery chains charged about $3 for a dozen large eggs. With the avian flu and the decimation of the laying flock in the fall of 2024, prices did go up this spring--but at Costco these days the price is down to about as little as $2 a dozen. Neither Biden nor Trump had much to do with the price of eggs--an avian pandemic did it.

Maynard said...

It doesn't matter what type of statistical dance the CNN tool is performing. The stats shows what people actually think. The realpolitik view is that Trump and the Republicans are going to be held responsible for these perceptions.

Keep hope alive, Howard.

The media will redefine economic terms to say we are in a recession, just like they redefined economic terms to say that there was no recession during Biden's term.

Achilles said...

Ronald J. Ward said...

Achilles, you listed several things as inflation drivers that aren’t connected to inflation in any measurable way—DEI programs, NGO grants, or immigration, for example, are nowhere close to the scale needed to move CPI. What did move inflation globally after COVID were the same factors every major economy experienced: supply chain shocks, energy disruptions, and pent-up demand. That’s why the U.K., Germany, Canada, and the EU all saw similar spikes.

I am sorry you are so stupid. Let me help you out.

Inflation is when more money is available to buy the same number of goods. M1 + M2 / P.

M1 + M2 is how much money is available to buy P which is goods produced.

If you import a bunch of illegals and you print money to give them free stuff you are increasing M1.

If you print a bunch of money and give it to NGOs to do stupid democrat political shit you are increasing M2.

If you print a bunch of money and send it to Ukraine and Israel and keep half of it you are increasing M2.

If you do not increase P you get inflation.

Supply chain shocks and energy shocks have nothing to do with inflation. Neither do tariffs or taxes or even regulations. Those are all dead weight loss.

"Pent up demand" is the government printing off money and giving it to people who don't make anything.

You are just not that smart and you want to think you are. If you are going to be pretentious and snooty and then you post stupid ignorant shit I am going to embarrass you.

You just are not very smart.

Mason G said...

"I am sorry you are so stupid. Let me help you out."

Prediction: It won't help.

Achilles said...


Howard said...

It doesn't matter what type of statistical dance the CNN tool is performing. The stats shows what people actually think. The realpolitik view is that Trump and the Republicans are going to be held responsible for these perceptions.

You all are missing Howard's point.

If 2026 is around Trump wont be on the ballot. It is going to be Republicans in congress on the ballot.

What have Republicans in Congress done? Almost nothing.

If they keep sending money to Ukraine and Israel and all they have to show on the economy is a retarded 50 year mortgage proposal Republicans are fucked in 2026.

buwaya said...

If the government spends more (domestically) than it soaks back up again with taxes and borrowing then you get inflation. Long term anyway. Thats the classic black box model I was taught 40+ years ago.
The notable inflation of 2021-23 was obviously the result of excessive overspending in 2020-21(and some of which carried on to 2024, 2025 tbd). The memory of 2021-23 seems to be the root of current inflation complaints. 3% inflation (current) is not a terrible problem, its SOP for post-1970s.
The proper solution is to reduce the deficit.
I have suggested means to reduce medical overspending, which is a notable weakness in US finances.

buwaya said...

I would worry more about unemployment.

buwaya said...

As for the grasp of mathematics around here - I sentence most of you to a good whipping by the ghost of the sainted Mrs. Bulakaw (my 4th grade math teacher), with her 6' bamboo. Prepare for pain.

Peglegged Picador said...

The Vault Dweller said...
"So are the percentages really just the percentages of respondents who said each of those categories of good and services have had price increases for them personally over the past year?"

Yes, that's correct and what I expect most people with a modicum of intelligence would think if they saw that graphic (and even those without would understand if they antisocial watched the entire clip as opposed to the cropped version Althouse et al are presenting to play on people's biases and emotions.

wildswan said...

I think they should show prices and price perceptions in red vs blue states. There's a reason why people are leaving blue states.
Eggs and gas are definitely cheaper in Wisconsin all the time. Beef is intermittently cheaper in that prices on steak, when on sale, can drop by $10. which puts in back to where it used to be before a sale. Same with gluten-free bread which now costs $7 to $7.95 a loaf - it intermittently drops to pre-Biden prices. So I think prices overall are dropping in Wisconsin. But in California prices in general have all gone up including eggs and gas because gas and taxes of every kind including taxes on gas and utilities have gone up. More generally, when you average red state prices with blue state prices, you get national average price increases and a national average perception of same. But I think prices dropping (though often still at yikes level) in red states and rising steeply due to to utility, gas and tax levels in blue states. We aren't one nation in terms of economic policies and consequences and shouldn't be reported that way.

Mr. T. said...

Yes let's all believe anything CNN says...


https://www.latimes.com/entertainment-arts/business/story/2025-01-16/cnn-correspondent-alex-marquardt-takes-witness-stand-in-defamation-case-against-the-network

(

Kakistocracy said...

The average US GDP growth rate since 2000 has been about 2.3% so that seems an appropriate measure for future growth rates at the moment. US deficits still have to come down, however.

The US is better positioned than other economies at the moment, not because space commercialization is going to be a significant growth driver in the future, but because the US is strong in future growth sectors and also in the broader, non-tech economy as well. The US stock market is where the earnings are (US tech has just over 50% of global tech earnings, China has just 6%) which is why the US stock markets represent about 50% of global market capitalization.

But the unsolved problem not mentioned is the K economy, which is the major economic and political problem for the US right now. The US economy works for the upper half, but not for the lower half. Trump won because the lower half thought he'd do better with the economy and upper half thought he'd cut their taxes. Trump has continued the K pattern--cutting taxes for the upper half but not doing anything to help the lower half.

The Supreme Court will likely void most of Trump's tariffs- probably by the end of the year- but we'll have to see what alternatives he may try to reinstate them. In any case, tariffs are likely heading lower.

Bottom line, the US (and the world) can survive Trump, but not without unfortunate costs and destruction to relationships that will take some time post-Trump to rebuild.

Mark said...

"If they keep sending money to Ukraine and Israel"

Argentina's windfall seems to be grinding people's gears here in soybean country. We financially prop them up as they take over being China's supplier, very possibly over the long term.

If China doesn't buy huge amounts of next year's spybean harvest, there's going to be a reckoning

Rusty said...

Jaysus. There are some thick people posting here.
Freder.
Quit shopping at Whole Foods and try an Aldi. They're practically everywhere.

Ronald J. Ward said...

Achilles, you’re describing monetary inflation using the old “too much money chasing too few goods” model. But you’re applying it to things that are nowhere near the scale required to move M1 or M2.

NGO grants, foreign aid, or support for asylum seekers don’t come close to shifting the money supply in any measurable way. The Fed’s own data shows that the major spike in M2 happened in 2020–2021 due to pandemic relief and quantitative easing, not immigration or DEI budgets.

And global inflation rose in countries that didn’t “import illegals,” didn’t fund NGOs, and didn’t send money to Ukraine—because they experienced the same supply and energy shocks.

If your explanation were correct, we’d expect inflation only in countries with those policies. Instead, we saw inflation hitting Europe, Canada, the U.K., and Japan at the same time.

That’s why economists across the political spectrum attribute recent inflation to global supply and energy disruptions—not the things you’re citing.

This is why your accusation of Biden causing inflation is flawed.

Known Unknown said...

Freder uses "over the past year" but fails to note where the gas price graph was in 2022/2023.

mikee said...

Here is my official "mikee report" on Thanksgving Dinner prices, and I grant CNN, Fox, the networks, heck, even MSNOW (I do so love their new name, putting the OW! in their opinion of the news!), The View (spit) and the NY Times (gag, spit, wash mouth out with hot water then sip Laphroig) free use of this, with credit to be shared between me and Google AI. This report took me about 12 seconds to obtain in full. Put up the actual price chart for the past decade or so, and of we go.

My mikee intro to the report: As we celebrate the introduction of Diversity, Inclusion and Equity (DIE) to the previously single-race racial composition of North America, I, for one, say we celebrate President Obama's second term legacy of prices stable within a few percent. Let us also celebrate the Trump 45 legacy maintaining low prices and the Biden's Staff legacy of somewhat decreasing prices post-Covid (credit goes to the turkey farmers recovery and their lower prices, mostly, while dairy and produce still went up in price). I'll take the 2024 to 2025 5% decrease in holiday meal price every year, thank you very much, until a larger price decrease comes along!

From Google AI: The average price of a standard Thanksgiving dinner, as tracked by the American Farm Bureau Federation (AFBF) for a meal serving 10 people, fluctuated from approximately $49.04 in 2013 in President Obama's first year of his second term to an estimated $55.18 in 2025.

(mikee again: At this point the mainstream media can point out THAT IS AN INCREASE OF 12.5% OMG ORANGE MAN BAD!!!! and TRUMP IS TRYING TO STARVE US ALL!) and then,,, ok, anyway, back to Google AI:

Here are the annual average costs for a classic Thanksgiving dinner, which includes a 16-pound turkey, stuffing, sweet potatoes, rolls, peas, cranberries, a relish tray, pumpkin pie with whipped cream, and coffee with milk, in quantities to serve 10 people:
2013: $49.04
2014: $49.41
2015: $50.11
2016: $49.87
2017: $49.12
2018: $48.90
2019: $48.91
2020: $46.90
2021: $53.31
2022: $64.05 (record high)
2023: $61.17
2024: $58.08
2025: $55.18
Note that prices increased significantly between 2020 and 2022 due to inflation and farmers' costs, but have seen slight declines in subsequent years.
For more details on the annual surveys and cost breakdowns, you can visit the American Farm Bureau Federation website or check reports from sources like CNBC and Statista.
You are all welcome, enjoy your holiday meal. Around Christmas Eve, let's do this again but with a nice Glazed Ham or, heck, let's splurge and do a Prime Rib Roast or go completely crazy with a Beef Wellington.

Ronald J. Ward said...

Nice try Mikee but only the most gullible of the goobers would buy what you’re selling. Those meals are called “leader prices” to do two things- get people in the store to buy other items and to instill a loyalty of selling at better prices.

It’s the same thing with hotdogs and charcoal on the 4th of July, major retailers sell at a loss.

This is no more than Trump turd polishing.

Josephbleau said...

“ Nice try Mikee but only the most gullible of the goobers would buy what you’re selling. Those meals are called “leader prices” to do two things- get people in the store to buy other items and to instill a loyalty of selling at better prices.”

Just what are you saying here? That discounts are only used for marketing when Trump is President? Are you actually claiming that pricing was higher during the Biden admin because stores decided to stop having holiday discounts on only the years Democrats are in office? Your thesis is absurd. You are damaging your cause.

Mason G said...

"Your thesis is absurd."

He's not very bright, what else might you expect?

"You are damaging your cause."

There's not much to work with there, his cause sucks.

Ronald J. Ward said...

What I’m saying Joesphbleu is that sales promotions and leader marketing strategies does not reflect consumer price increases due to political policies.

Josephbleau said...

“ What I’m saying Joesphbleu is that sales promotions and leader marketing strategies does not reflect consumer price increases due to political policies.”

Did anyone say they did?

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