Treasury Secretary Scott Bessent says tariffs will drive enough revenue to be more than 1% of GDP.Insane. https://t.co/D81KbiHbYC ...

Economic Impact - America will pay the price for Donald Trump's tariffs [1] - Growth was underwhelming and inflation disappointingly high in the first half of the year [1] Policy Analysis - The full toll of Trump's foolish policy will be felt over the long term [1]

Economic Outlook & Policy - The discussion revolves around the US economy's performance and the impact of President Trump's policies, particularly tariffs, on the market and inflation [3][4][5] - Experts initially predicted significant negative impacts from tariffs, including potential recession, especially if tariffs reached levels like 145% [6][9] - However, after 90 days of tariffs, inflation has not risen as drastically as predicted, suggesting the market is responding positively [10] - Tariffs are being used as a negotiation tactic to bring countries to the table and recalibrate government financing [8][9] Trade & Negotiations - Trade deals with countries like Japan, Philippines, and the EU are considered wins, largely attributed to the use of tariffs as leverage [8] - There is optimism for a favorable trade deal with China in the coming months [8] - The aim is to encourage countries to invest in the US market and secure better trade terms [9][14] Business & Investment - Capital expenditures are increasing, which is seen as a positive indicator for future economic growth [20] - The US is being recentered as the focal point of the global economy, attracting investment [14] - Real wages for working people have increased by $1,100 this year [19] Presidential Impact & Perception - The president's approach is viewed as prioritizing what's best for America, focusing on both capital and labor, and aiming for market success and wage growth [7] - There are divided opinions on the president's strategies, with some trusting his negotiation skills and others questioning his understanding of economic matters [11][17] - The president's actions have caused discomfort and confusion among some supporters, requiring them to defend certain policies [17][18]

The last word with Lawrence O'Donnell starts right now. Hey, Lawrence. >> Hey, Jen. I have been begging the control room to never show that video again. And I'm losing I'm losing that campaign. >> It's so charming. But I heard you're working on a tango this year, so I'm looking forward to seeing it. >> Let's just say I'm not going to be taken by surprise this time. All right. Okay. It's going to be a whole different thing. Uh so, Jen, we are being uh joined once again tonight uh by Nobel Prize winning econo ...

Paul Krugman is back by popular demand. Even though one prominent viewer with no influence over this program attacked Professor Krugman after his last appearance here, Donald Trump leveled an insult at Paul Krugman. Far worse than anything ever said about a Nobel Prizewinning economist, but not as bad as many of the things Donald Trump has said about me. Professor Krugwin will be given an opportunity here tonight to reply to Donald Trump's insult if he dares. But we begin our discussion with some of the eco ...

Economic Concerns & Impact - Tariffs are negatively impacting US economy and raising prices for everyday Americans, hurting small businesses operating on narrow margins [1][3] - Manipulation of economic data can lead to economic destabilization, similar to situations in Argentina, the Soviet Union, and Venezuela, potentially causing investors to leave [6] - Distrust of facts, science, research, and data is destabilizing and dangerous [11] Data & Statistics Manipulation - Concerns raised about a loyalist running the Bureau of Labor Statistics (BLS) potentially rigging statistics [1][4] - The nominee for a position at BLS has suggested eliminating the monthly jobs report [10] - Rigging statistics cannot change the reality of rising prices [5] Importance of BLS Data - BLS data, including the Consumer Price Index (CPI), is crucial for government agencies [7] - The Federal Reserve uses BLS data to guide monetary policy and rate setting [8] - The IRS uses BLS data to adjust federal tax brackets [8] - The Social Security Administration (SSA) and USDA use BLS data to determine eligibility for Social Security and SNAP benefits [8] - BLS data directly affects Americans' lives, benefits, and payments [9] - BLS data guides American economic policy and markets around the world [10] Political & Military Actions - Deployment of the National Guard in Washington DC is seen as contrary to typical Republican policy [13] - Concerns that the military is being used as a tool and weapon to distract Americans [15] - Potential for militarized force to be used against US citizens on US soil [16]

🇺🇸 JUST IN: Trump said tariffs have brought trillions into the U.S. without causing inflation. https://t.co/d4mE6HsxDk ...

Now that many of President Trump's so-called reciprocal tariffs are in place, the journalist Stacy Vanick Smith says the key question is who's paying for them. The White House has long maintained that foreign companies will foot the bill. But are they? I talked to economist Justin Wolfers from the University of Michigan and he said there are three and a half places where tariffs can the cost of tariffs can end up. One is foreign companies pay for them. Number two is US companies pay for them. Number three i ...

Consumer prices rose slower than expected last month as President Donald Trump’s tariffs gripped markets, according to federal data released Tuesday. https://t.co/SEwIZQ1CdI https://t.co/SEwIZQ1CdI ...

I wrote on February 3rd that the consensus view on tariffs were wrong.I explained why everyone was misunderstanding what was about to happen.Make sure you read the Pomp Letter daily...you will get accurate data and analysis before you read it anywhere else.https://t.co/E6GoKjvdJH ...