For what it's worth, I asked Grok:
Posted on 05/19/2025 4:42:44 PM PDT by E. Pluribus Unum
WASHINGTON (AP) — For months, American consumers and businesses have been hearing that President Trump’s massive import taxes – tariffs – would drive up prices and hurt the U.S. economy. But the latest economic reports don’t match the doom and gloom: Inflation actually eased last month, and hiring was solid in April.
For now, the disconnect has businesses and consumers struggling to reconcile what they were told to expect, what the numbers say and what they are seeing on the ground. Trump and his supporters are quick to point out that the trade wars of his first term didn’t translate into higher overall inflation across the economy.
So is it time to breathe easy?
Not yet, economists say. Trump’s tariffs are still huge – the highest since the Great Depression of the 1930s. They’re unpredictable: The president frequently announces tariffs only to suspend them days later and to conjure up new ones. And they are still working their way through the system.
“We had a good jobs report. We had a cool inflation report, and that’s great,” said Ernie Tedeschi, director of economics at Yale University’s Budget Lab. “But that should not give us comfort about what next month will be, particularly on inflation.’’
Walmart, for example, warned its customers last week that prices will be going up for everything from clothing to car seats. Prices for some items like bananas have already increased.
True, the truce with China last Monday dramatically reduced the risks to the U.S. economy, and U.S. and global stock markets rallied last week in relief...
(Excerpt) Read more at apnews.com ...
Tell a lie enough times and it becomes....
Journalism
Half this board is shocked that it didn’t happen the other half that knew what Trump was doing knew this would happen.
The headline could continue “and AP is so very disappointed.”
The high inflation unleashed by typically larcenous Democrat spending via Biden’s “Inflation Reduction Act” and other money grabs of course has nothing to do with anything.
Why AP has no problem with EVERY country in the world charging USA exports tariffs. but USA cannot even charge half of what they charge?
I have a cousin who claims she only reads AP and Reuters because they’re the only unbiased news sources. Suffice it to say, we don’t get along.
tariffs financed the USA government for our republic’s first 200 years, just fine
the new tariffs will do likewise so long as PDJT can get Congress to end the da**ed income tax that’s dragging Americans down into poverty
This is not journalism ... it is activism. The headline gives it away.
Ay pee.
AP
ALL PROPAGANDA
The number of gratuitious adjectives contained in a title/article is directly proportional to the amount of Astroturf, innuendo, gaslight, projection, disinformation and lies it contains.
Yup, and I guess it takes three idiot AP writers to do it. Bet they even think that since it is three writers it is being told three times. That is the intellectual level at AP
Wonder how much revenue the tariffs have brought in so far? The Trump team should have a big, beautiful, golden scoreboard with a running total of the money coming into the treasury thanks to the tariffs.
Wonder how much revenue the tariffs have brought in so far?
https://bipartisanpolicy.org/explainer/tariff-tracker/
For what it's worth, I asked Grok:
Thanks much. Ask and ye shall receive on FR. Looks like the CBO is projecting about a trillion in revenue over the next decade.
Any day now. It’s going to be bad. You have everything to fear. Trust us.
The Trump haters are desperate for bad news and are hoping for the economy to tank and will cheer if it does.
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