Keyword: trumpflation
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President Donald Trump on Wednesday boasted the U.S. has “total control” of the Strait of Hormuz, despite what the “FAKE NEWS” may report to the contrary, before praising Allah for the nation’s stranglehold on the critical shipping passage. “I THINK WE WILL KEEP IT!” Trump posted on Truth Social. “Our Naval Blockade is being called, by everyone, ‘A WALL OF STEEL,’ and there is nothing Iran can do about it.” The president repeated claims that Iran’s military had been decimated: "They have no Navy, they have no Air Force, their remaining soldiers are unpaid, the IRGC is decimated and fleeing,...
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Yikes U.S. Rent Prices vs Income
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The endorsement of Sen. Bernie Sanders, I-Vermont, likely assisted far-left Democratic candidate William Lawrence in his Tuesday night primary win in Michigan’s 7th Congressional District. The progressive will now face Republican incumbent Tom Barrett, R-Charlotte, in November’s general election. The activist community organizer from Lansing’s leftist credentials were burnished by campaign appearances last month with fellow progressives Abdul El-Sayed, who was in a tight race for Michigan’s U.S. Senate seat against Rep. Haley Stevens, and New York Congresswoman Alexandria Ocasio-Cortez. Lawrence, a member of the Working Families Party and the Democratic Socialists of America, defeated Democratic opponents Matt Maasdam, a...
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MIKE ROGERS FOR U.S. SENATE ROGERS ON MICHIGAN DEMOCRAT NOMINEE FOR U.S. SENATE "The choice this November is simple: common sense or complete insanity. For more than 25 years, one party has controlled Michigan's two Senate seats — and they've run our state into the ground. They've driven 200,000 manufacturing jobs out of Michigan. They've dropped our schools to 45th in the nation. They've saddled families with the highest utility rates in the Midwest. Working people are paying more, earning less, and getting left behind. And now the same failed politicians are asking us to send Abdul El-Sayed to Washington....
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Less than a 1% lead? That's all Abdul El-Sayed has after (1) coordinated support from imams, (2) a wave of liberal endorsements, and (3) backing from an Arab Super PAC. NYT ScreenshotFreep. — El-Sayed's lead in the race was less than 1% when multiple outlets called it for him early.
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Alyza Lewin, president of U.S. affairs at the Combat Antisemitism Movement, stated that El-Sayed’s victory “should raise alarm bells for Jewish Americans across the country and everyone who believes in civil rights for all.” Matt Brooks, CEO of the Republican Jewish Coalition, stated on Wednesday that Democrats had nominated El-Sayed. “Abdul El-Sayed is a direct threat to Michigan’s Jewish community,” Brooks said. “El-Sayed has called the government of the Jewish state as ‘evil’ as Hamas, ‘struggled’ to say that Israel has a right to exist as a Jewish state and empathized with a terrorist who tried to murder Jewish schoolchildren...
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The 41-year-old progressive won the state’s hotly contested Democratic Senate primary, the most significant 2026 win for the party’s far left Progressive firebrand Abdul El-Sayed beat four-term Rep. Haley Stevens to win the Democratic U.S. Senate nomination in battleground Michigan, according to the Associated Press.Here are some things to know about El-Sayed:Unabashedly progressiveLike many far-left candidates, El-Sayed supports Medicare for All and free child care and wants to see the U.S. Immigration and Customs Enforcement agency abolished. He calls Israel’s actions in Gaza genocide.While he isn’t a member of the Democratic Socialists of America, El-Sayed has support from many who...
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State Rep. Francesca Hong’s (D) steady rise in the Wisconsin gubernatorial race is teeing up the biggest test yet for democratic socialists and the far left this election cycle. Hong has held a strong lead in the Democratic field ahead of Tuesday’s primary, while establishment Democrats, including Wisconsin Gov. Tony Evers, have rallied around Milwaukee County Executive David Crowley. Evers and others have suggested Hong is unlikely to beat the GOP’s presumptive nominee, Rep. Tom Tiffany, in November and that she could even have a negative effect on Democrats running in competitive downballot races. But Hong argues that voters are...
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The Democratic Socialists of America just won their biggest prize yet, and the man who delivered it insists he has nothing to do with them. Abdul El-Sayed has won the Democratic nomination for Michigan’s open U.S. Senate seat, prevailing over establishment favorite Haley Stevens in the most expensive Democratic Senate primary in American history. Within hours, the entire socialist apparatus of the American left was celebrating. Bernie Sanders’ machine, Alexandria Ocasio-Cortez’s ad money, every single member of the Squad, and the ground troops of the DSA itself all poured themselves into this race. They know exactly what they won on...
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The consumer price index rose at a seasonally adjusted 0.6% for the month, putting the one-year pace at 3.8%, the highest since May 2023. Excluding food and energy, the core CPI increased 0.4% and 2.8%, respectively, keeping inflation well above the Federal Reserve's 2% goal. Though energy and in particular gasoline has been much of the headline story, inflation pressures also came from a variety of other areas. The report also contained bad news for workers, as real average hourly wages slipped 0.5% for the month and fell 0.3% annually. "Inflation is the key drag on the U.S. economy now,"...
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Working Americans are going to get “very large refunds” of $1,000 to $2,000 per household early in the new year, according to Treasury Secretary Scott Bessent. The checks will come in the first quarter of 2026 as a result of tax cuts in President Donald Trump’s sweeping, budget-focused One Big Beautiful Bill Act, he said. “I think we’re going to see $100-$150 billion of refunds, which could be between $1,000, $2,000 per household,” Bessent said Wednesday.
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Kimball highlighted the political dynamics among younger voters: "Ohio voters who did not participate in the 2024 election, most of whom are under 30, are more likely to identify as Republicans rather than Democrats. In addition, 31% of voters under 30 align with independents or Democrats, while 38% identify with Republicans, though this group still breaks for Democrats on the ballot by about 12 points." President Donald Trump's job approval rating in Ohio stands at 46%, with a disapproval rating of 48%. Since August, Trump's approval has decreased by three points, while his disapproval has risen by six points. Gov....
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Treasury Secretary Scott Bessent said on Sunday that it’s been a “very strong” holiday shopping season so far and predicted that the U.S. economy would end the year on strong footing. “The economy has been better than we thought. We’ve had 4% GDP growth in a couple of quarters,” he said in an interview on CBS News’ ‘Face the Nation.’ “We’re going to finish the year, despite the Schumer shutdown, with 3% real GDP growth.”Gross domestic product contracted by 0.6% year-over-year for the first three months of 2025, according to the Bureau of Economic Analysis. The second quarter of the...
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NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the high court hearing a month ago, Bessent cited several sections of 1962 Trade Act that give the president sweeping powers over import duties. “We can recreate the exact tariff structure with [sections] 301, with 232, with 122,” he said during an onstage interview at The New York Times DealBook Summit. Asked by host Andrew Ross Sorkin —...
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President Donald Trump has demanded a Justice Department investigation into meatpacking companies he believes are driving up beef prices through illegal means. "I have asked the DOJ to immediately begin an investigation into the Meat Packing Companies who are driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation," Trump posted on Truth Social. "We will always protect our American Ranchers, and they are being blamed for what is being done by Majority Foreign Owned Meat Packers, who artificially inflate prices, and jeopardize the security of our Nation's food supply. "Action must be taken immediately to...
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In the most significant economic case to reach the Supreme Court in years, Trump’s authority to issue emergency tariffs faced deep skepticism from key conservatives — including Chief Justice John Roberts and Justices Amy Coney Barrett, Neil Gorsuch and Brett Kavanaugh. • While justices had tough questions for both sides, a majority expressed reservations about the administration relying on declared emergencies to issue the unchecked tariffs. • As plaintiffs presented their case, Kavanaugh repeatedly noted that courts had previously allowed then-President Richard Nixon to use similar emergency powers to impose tariffs during his administration. • Both sides previously framed the...
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President Donald Trump’s tariffs will cost global businesses upward of $1.2 trillion in 2025, with most of the cost being passed onto consumers, according to a new analysis from S&P Global. In a white paper released Thursday, the firm said its estimate of additional expenses for companies is probably conservative. The price tag comes from information provided by some 15,000 sell-side analysts across 9,000 companies who contribute to S&P and its proprietary research indexes. “The sources of this trillion-dollar squeeze are broad. Tariffs and trade barriers act as taxes on supply chains and divert cash to governments; logistics delays and...
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President Trump said his proposed 100% additional tariffs on goods from China were "not sustainable."
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President Trump fired the Bureau of Labor Statistics commissioner last month because he didn’t like the monthly jobs numbers. He claimed the numbers were “rigged.” But Friday’s monthly report for August confirms that job creation has stalled amid his tariff barrage. Employers added a mere 22,000 jobs last month while the numbers were revised down for the previous two by a combined 21,000. This means only 107,000 new jobs were created in the last four months—an average of 27,000. Monthly job gains averaged 167,000 last year. Nearly all of the new jobs last month were in social assistance and healthcare...
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SummaryShipping firms, port operators, retailers welcome progress Industry experts say 30% tariffs remain a risk for US consumers Shipping rates could rise with a cargo rush BERLIN/LOS ANGELES, May 12 (Reuters) - The container shipping industry on Monday welcomed an agreement between the United States and China to temporarily slash punishing tariffs, saying it expected to be buoyed by a resulting recovery in bookings from China to the U.S.The United States will cut extra tariffs it imposed on Chinese imports in April to 30% from 145% and Chinese duties on U.S. imports will fall to 10% from 125% for the...
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