What a bizarre justification for DonOrenomics, perhaps it makes sense to establishment elites like Oren, who don’t have to worry about the basics of a family budget. But, the bank shot scenarios Oren spins seem less consequential than the intentional harm the leader of the “new” right has inflicted with his taco tariff regime, immigration policies, deficit busting fiscal policies, alternative energy cuts, and the launch of MAGA’s Middle East war.
Welcome to the “new” rights stagflation, or, the Jimmy Carter redux…
"Yes, the inflation data shows a declining cost every year for having that amazing computer in your pocket. It keeps getting more advanced. It can transfer more data than ever. But that’s a chunk out of the family budget that simply didn’t exist in a prior generation"...it replaces the need to buy a camera, also a watch...is a cell phone + service plan really more expensive than a landline phone (w long distance bills) plus camera and watch?
What a bizarre justification for DonOrenomics, perhaps it makes sense to establishment elites like Oren, who don’t have to worry about the basics of a family budget. But, the bank shot scenarios Oren spins seem less consequential than the intentional harm the leader of the “new” right has inflicted with his taco tariff regime, immigration policies, deficit busting fiscal policies, alternative energy cuts, and the launch of MAGA’s Middle East war.
Welcome to the “new” rights stagflation, or, the Jimmy Carter redux…
Really great set of reads! Appreciated
Housing, transportation, food, health care, child care, debt. There’s your trouble.
"Yes, the inflation data shows a declining cost every year for having that amazing computer in your pocket. It keeps getting more advanced. It can transfer more data than ever. But that’s a chunk out of the family budget that simply didn’t exist in a prior generation"...it replaces the need to buy a camera, also a watch...is a cell phone + service plan really more expensive than a landline phone (w long distance bills) plus camera and watch?
Depends on if the doomsday predictions about jobs are correct. I don't think so but I can't rule it out especially if China gets there first.