Posted on 09/26/2025 5:29:54 PM PDT by SoConPubbie
The Weekly Wrap: Trump Derangement Syndrome Visits The Supreme Court
Welcome back to Friday! This week the grand poobahs of the U.S. economy gathered together in a friend-of-the-court brief to let everyone know they still really do not like what Trump is up to. The prices of goods affected by tariffs fell in August, crushing the hopes of everyone at the Cato Institute. And Americans once again made it clear that they really, really don’t like Democrat economic schemes.
Here’s this week’s pain-free roundup of the economic news—no Tylenol necessary.
Every living former Federal Reserve chair, former Treasury secretaries Robert Rubin, Larry Summers, Hank Paulson, Jack Lew and Timothy Geithner, and a bunch of prestigious economists signed on to an amicus brief written by lawyers at Covington & Burling arguing—without evidence—that “allowing the removal of Governor Lisa D. Cook while the challenge to her removal is pending would threaten that independence and erode public confidence in the Fed.”
While that sounds scary, we do not expect it to carry much weight with the court. In the first place, it is not a legal argument at all. It’s an argument for a policy to protect Fed governors from removal by the president of the United States. That’s something Congress could do by writing it into a statute. Instead, Congress wrote that a president can remove Fed governors so long as there is cause for removal. Perhaps the grandees of American economics do not like this arrangement; but if it is to be changed, that’s likely to fall to Congress and not the Supreme Court.
(Excerpt) Read more at breitbart.com ...
“Tariffs Are Reducing Prices”
Certainly not at the Walmart near me. I would say many imported things are up 15% to 30%.
My local Walmart roped off half its checkout section yesterday.
No roping off today, Friday, but staffing was reduced.
The prices are high enough to permit domestic production on a very large percentage of items.
The news services don’t like to be quoted for FR posts.
Lisa Cook would probably take great delight in shortchanging old Caucasian folks like me.
“It’s a TAX on American consumers!!”
“It’s NOT free trade!!”
- FR Shrieking dude
Love having a businessman as President.
The entire tariff regime hasn't been fully played out. We don't know what prices will do once they are completely implemented. Just as tax cuts, taxes etc take time in general.
Maybe Walmart is using the ‘excuse’ of tariffs to raise prices...
So it’s a twofer! :)
Oreo’s at our store went up .50 cents last week, $5.99 to $6.49 for the big pack. That’s just over 8% increase. I remember buying those for $1.99.
And.... we don’t buy them anymore. If we don’t buy them does their price increase affect us? Real question.
As someone once said, “economists treat reality as a special case.”
Domestic production at the new higher prices.
I don’t know what these reporters are smoking but they are delusional and whoever told them what they report lied to them. Prices have not gone down.
Shellac is produced using Lac beetle wings, not from here. the price of a can of shellac primer has gone from $64 to $84 a gallon. Why? Tariff on raw materials.
And: if you laid all the economists in the world end to end...
(1)...they still wouldn’t reach a conclusion.
(2)...it would be a good thing.
Anybody and everybody is using tariffs as an excuse to increase prices whether they need to or not.
Naturally, they made it complicated and you need to read the papers to understand what the relative numbers actually mean, I have not yet and may not.
One example stands out, carpet. It has gone up across the board by more than 35% if I am reading the table correctly.
https://www.pricinglab.org/tariff-tracker/
You’re right, but do you have six grandkids and a sweet tooth like me? It’s Oreo’s or bust at our house cookie wise. Just can’t beat em with cold milk.
I heard that Eli Lilly is building two or three new pharmaceutical plants in the US. This is a direct result of the tariffs. A lot of high-tech jobs are going to be created with those plants.
The tariffs are working as intended.
Where exactly are these prices dropping at because I’m not seeing it.
Aye, that’s so. 2% these days.
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