THE GUARDIAN: President jets in to speak at ritzy American Business Forum as millions see their food aid slashed – crisis, what crisis?
It was the week in which Republicans took a beating at the polls, the government shutdown became the longest in history, and 42 million people across the country, including 3 million in Florida, saw their federal food aid slashed.
But in the alternative reality of Miami, where tickets to an overwhelmingly conservative business conference headlined by Donald Trump cost up to $1,990, and billionaires from Saudi Arabia rubbed shoulders with equally wealthy American tycoons such as Jeff Bezos and Ken Griffin, those events created barely a ripple.
Instead, in a gesture that appeared almost to mock the widening disparity between the city’s haves and have-nots, organizers of the America Business Forum cooked up a little treat for attendees: a $50 gift card to spend on food to sustain themselves while they listened to their president congratulate himself for a “golden age” he said his “economic miracle” had delivered.
Advocates say the move, along with the high-budget opulence of the conference itself, was an ill-timed insult to more than a half-million Miami-Dade county residents who just saw their own ability to buy essential groceries for their families kiboshed by the gutting of the Supplemental Nutrition Assistance Program (Snap). » | Richard Luscombe in Miami | Friday, November 7, 2025
Showing posts with label US economy. Show all posts
Showing posts with label US economy. Show all posts
Saturday, November 08, 2025
Thursday, November 06, 2025
Donald Trump's Economy is FAILING
Labels:
Donald Trump,
Trump's economy,
US economy
Monday, October 27, 2025
Trump Treasury Secretary Poses Biggest Threat to America's Economy
Labels:
Donald Trump,
Scott Bessent,
US economy
Emily Galvin Almanza on People’s Rights in the Face of Trump’s Private Army and Collapsing Economy
Thursday, October 16, 2025
Thom Hartmann: The US Recession Has Begun
Labels:
Donald Trump,
US economy
Saturday, September 20, 2025
The Collapse of Everyday Life in America Has Begun
This must be the economy produced by “a very stable genius”! Trumponomics by any other name. — © Mark Alexander
Labels:
Donald Trump,
US economy
Hamburger Helper Sales Rise as Americans Try to Stretch Their Food Dollars
THE NEW YORK TIMES: The price of beef and other grocery items are climbing, and consumers are turning to canned meats and a 1970s staple.
In the 1970s, Hamburger Helper became a staple on American dinner tables as families, strained by inflation and soaring beef prices, looked to turn a pound of ground beef into an entire meal.
These days, those same pressures are why the flavored pasta mix is coming to the rescue again.
While most food companies are seeing declines in consumer demand for their products, sales of Hamburger Helper are up 14.5 percent in the year through August, getting an extra bump from its appearance on an episode of “The Bear” in June, according to the company that owns the brand, Eagle Foods.
And it’s not just Hamburger Helper. Sales of foods commonly purchased by consumers when financial times get tough are on the rise, according to industry analysts. Purchases of rice are up 7.5 percent this year. Distressed shoppers are also buying more cans of tuna, salmon and sardines. Sales of beans and boxes of macaroni and cheese are also strong, based on data from the research firm Circana.
Uncertainty about the economy and higher tariffs levied on goods from a variety of countries have led many consumers to refocus their spending on essentials or items that are good values, while cutting back on extras or unnecessary spending. » | Julie Creswell | Saturday, September 20, 2025
How can this be? I thought that the economics genius now in the driving seat in America was going to bring down the price of eggs for the beleaguered American consumer, and fix the US economy BIGLY! This must be another one of the president's failures. — © Mark Alexander
In the 1970s, Hamburger Helper became a staple on American dinner tables as families, strained by inflation and soaring beef prices, looked to turn a pound of ground beef into an entire meal.
These days, those same pressures are why the flavored pasta mix is coming to the rescue again.
While most food companies are seeing declines in consumer demand for their products, sales of Hamburger Helper are up 14.5 percent in the year through August, getting an extra bump from its appearance on an episode of “The Bear” in June, according to the company that owns the brand, Eagle Foods.
And it’s not just Hamburger Helper. Sales of foods commonly purchased by consumers when financial times get tough are on the rise, according to industry analysts. Purchases of rice are up 7.5 percent this year. Distressed shoppers are also buying more cans of tuna, salmon and sardines. Sales of beans and boxes of macaroni and cheese are also strong, based on data from the research firm Circana.
Uncertainty about the economy and higher tariffs levied on goods from a variety of countries have led many consumers to refocus their spending on essentials or items that are good values, while cutting back on extras or unnecessary spending. » | Julie Creswell | Saturday, September 20, 2025
How can this be? I thought that the economics genius now in the driving seat in America was going to bring down the price of eggs for the beleaguered American consumer, and fix the US economy BIGLY! This must be another one of the president's failures. — © Mark Alexander
Labels:
Donald Trump,
US economy
Donald Trump Attacks Fox News because Americans Are P****d about His Terrible Economy
If you elect a know-nothing to lead you, and a cipher, how can you expect the economy to perform well? — © Mark Alexander
Labels:
Donald Trump,
US economy
Saturday, September 13, 2025
Recessions, Assassinations and Government-Sanctioned Murder | The Schmidt Storm
Friday, August 08, 2025
Huge Economic Problems Coming for Republicans and the U.S. | Explainer
Labels:
Donald Trump,
US economy
Thursday, August 07, 2025
This is Way Worse Than You Think - America Is in Decline! - Jeffrey Sachs
Aug 6, 2025 | Jeffrey Sachs is a world-renowned economist, professor, and global development expert known for speaking truth to power. With decades of experience advising governments, the United Nations, and world leaders, Sachs is not afraid to challenge U.S. foreign policy, corporate interests, and global economic injustice.
He served as the Director of The Earth Institute at Columbia University, a UN advisor under Kofi Annan and Ban Ki-moon, and has played a major role in shaping international economic policy in Latin America, Africa, and Eastern Europe.
In recent years, Sachs has gained attention for his bold criticisms of U.S. military interventions, his warnings about global economic collapse, and his support for multipolar cooperation, including better relations with China, Russia, and the Global South.
He served as the Director of The Earth Institute at Columbia University, a UN advisor under Kofi Annan and Ban Ki-moon, and has played a major role in shaping international economic policy in Latin America, Africa, and Eastern Europe.
In recent years, Sachs has gained attention for his bold criticisms of U.S. military interventions, his warnings about global economic collapse, and his support for multipolar cooperation, including better relations with China, Russia, and the Global South.
Labels:
Donald Trump,
Jeffrey Sachs,
US economy
Wednesday, August 06, 2025
"Coming Up Short": Robert Reich on His Memoir, Rising U.S. Inequality & Fighting Against Bullies
The American economic system in the western capitalist world is the SHITTIEST economic system of all. It is capitalism heavy, corrupt, and raw. And it shows! — © Mark Alexander
Labels:
Donald Trump,
Robert Reich,
US economy
Saturday, August 02, 2025
Republicans Slam Trump’s Firing of Bureau of Labor Statistics Chief
THE GUARDIAN: President claimed that recently released figures showing jobs slowdown were ‘rigged’ to make him look bad
Senior Republican lawmakers are condemning the decision of their party leader, Donald Trump, to fire the leading US labor market statistician after a report that showed the national economy added just 73,000 jobs – far fewer than expected – in July.
The disappointing figures – coupled with a downward revision of the two previous months amounting to 258,000 fewer jobs and data showing that economic output and consumer spending slowed in the first half of the year – point to an overall economic deterioration in the US. » | Edward Helmore | Saturday, August 2, 2025
The US jobs market is slowing down because of Trump’s own mismanagement. It’s as simple as that! Trump has created great uncertainty in the economy. Uncertainty is poison for a flourishing economy. So the buck stops with Trump himself. – © Mark Alexander
Senior Republican lawmakers are condemning the decision of their party leader, Donald Trump, to fire the leading US labor market statistician after a report that showed the national economy added just 73,000 jobs – far fewer than expected – in July.
The disappointing figures – coupled with a downward revision of the two previous months amounting to 258,000 fewer jobs and data showing that economic output and consumer spending slowed in the first half of the year – point to an overall economic deterioration in the US. » | Edward Helmore | Saturday, August 2, 2025
The US jobs market is slowing down because of Trump’s own mismanagement. It’s as simple as that! Trump has created great uncertainty in the economy. Uncertainty is poison for a flourishing economy. So the buck stops with Trump himself. – © Mark Alexander
Labels:
Donald Trump,
Republicans,
US economy
Friday, August 01, 2025
Wall Street Update: Dow Tumbles over 500 Points amid New Tariffs, Weak Jobs Report
Saturday, July 12, 2025
Michael Lambert: Is Trump Really Turning into a Dictator?
July 12, 2025 | Trump is an insecure man-child, always in need of praise and flattery. And yet he is the most powerful man in the world. He is becoming a dictator. He has surrounded himself with sycophants who dare not cross him.
Ice or Immigration Compliance Enforcement is a force of 21,000 thugs with a budget of $3 billion who are able to arrest and deport anyone without proper proceedings or due process.
The Tacos tariffs are a fiasco. Out of the '90 deals in 90 days' predicted by Trump only two have been agreed. Trump has now postponed the deals from July 1st to August 1st and is writing letters to various countries hoping to get a deal.
The approval for Donald Trump is now at minus 12%. Higher prices and shortages are expected very soon because of the tariffs. Moreover, the deportation of 3000 mimmigrants every week is leading to food shortages since there are no workers to harvest fruit in fruit-growing areas.
With falling popularity, rising prices, widely predicted shortages, lay-offs and firms closing, life in America is likely to become very much more difficult for many, including countless Maga supporters.
It may well be that Trump will see no option but to declare martial law, suspend elections indefinitely, and effectively become a dictator.
Ice or Immigration Compliance Enforcement is a force of 21,000 thugs with a budget of $3 billion who are able to arrest and deport anyone without proper proceedings or due process.
The Tacos tariffs are a fiasco. Out of the '90 deals in 90 days' predicted by Trump only two have been agreed. Trump has now postponed the deals from July 1st to August 1st and is writing letters to various countries hoping to get a deal.
The approval for Donald Trump is now at minus 12%. Higher prices and shortages are expected very soon because of the tariffs. Moreover, the deportation of 3000 mimmigrants every week is leading to food shortages since there are no workers to harvest fruit in fruit-growing areas.
With falling popularity, rising prices, widely predicted shortages, lay-offs and firms closing, life in America is likely to become very much more difficult for many, including countless Maga supporters.
It may well be that Trump will see no option but to declare martial law, suspend elections indefinitely, and effectively become a dictator.
Thursday, June 26, 2025
Democracy Now! "The Economy Is Rigged": Robert Reich on Zohran Mamdani, The Democratic Party, Inequality, and Trump
Democracy Now! can be supported here.
Monday, March 17, 2025
Trump Says the Economy ‘Went to Hell’ under Biden. The Opposite Is True
THE GUARDIAN: By standard measures such as job and GDP growth and the stock market, the US economy was in excellent shape
Donald Trump keeps saying he inherited a terrible economy from Joe Biden and many Americans believe him, even though that’s not true. During his White House marketing event for Tesla on Tuesday, Trump said the US and its economy “went to hell” under Biden. Last week, in his national address to Congress, Trump said: “We inherited from the last administration an economic catastrophe and an inflation nightmare.”
But the truth is that by standard economic measures, the US economy was in excellent shape when Biden turned over the White House keys to Trump, even though most Americans, upset about inflation, told pollsters the economy was in poor shape.
When Biden left office, the unemployment rate was a low 4.1%, and during Biden’s four years in office, the average jobless rate was lower than for any president since the 1960s. Trump has repeatedly railed against the high inflation under Biden, but the fact is that by the time Biden left office, the inflation rate had fallen to just 2.9% – down more than two-thirds from its peak and near the Federal Reserve’s inflation goal. » | Steven Greenhouse | Sunday, March 16, 2025
Donald Trump keeps saying he inherited a terrible economy from Joe Biden and many Americans believe him, even though that’s not true. During his White House marketing event for Tesla on Tuesday, Trump said the US and its economy “went to hell” under Biden. Last week, in his national address to Congress, Trump said: “We inherited from the last administration an economic catastrophe and an inflation nightmare.”
But the truth is that by standard economic measures, the US economy was in excellent shape when Biden turned over the White House keys to Trump, even though most Americans, upset about inflation, told pollsters the economy was in poor shape.
When Biden left office, the unemployment rate was a low 4.1%, and during Biden’s four years in office, the average jobless rate was lower than for any president since the 1960s. Trump has repeatedly railed against the high inflation under Biden, but the fact is that by the time Biden left office, the inflation rate had fallen to just 2.9% – down more than two-thirds from its peak and near the Federal Reserve’s inflation goal. » | Steven Greenhouse | Sunday, March 16, 2025
Labels:
US economy
Sunday, March 16, 2025
Scott Galloway on Markets, Musk, and Trump’s “Weapons of Mass Distraction” | Amanpour & Company
Thursday, March 13, 2025
‘Idiotic and Dangerous’: Republicans Running Out of Answers for Trump Torching the Economy
Labels:
Donald Trump,
US economy
Wednesday, March 12, 2025
The DOGE and Tariffs SCAM Designed to Wreck the US Economy
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