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Thursday, May 28, 2026

The US economy expanded less than initially estimated in the first quarter, government data showed Thursday ...

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Lutnick said economic growth in the first quarter would be 5%. It was actually 1.6% -- following the worst year for economic growth in nine years. The question for the White House seems obvious: Why do you keep failing to meet your own economic expectations? www.ms.now/rachel-maddo ...

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-- Steve Benen (@stevebenen.com) 1:24 PM · May 28, 2026

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The US economy expanded less than initially estimated in the first quarter, government data showed Thursday, while a key inflation gauge separately hit a three-year high on fallout from the Middle East war. The figures sound a warning on pressures that American households are facing ahead of midterm elections, as steeper gasoline prices squeeze budgets and a boost from tax refunds fades.

The serial------------ did that.

#1 | Posted by reinheitsgebot at 2026-05-28 11:49 AM | Reply

Another view ...

Key inflation gauge worsens as Americans' income and spending power erodes
apnews.com

... Thursday's inflation report also showed that in addition to gasoline, prices for groceries, clothing and electricity are also on the rise, indicating that inflation may be growing more entrenched.

Inflation is notably above the Federal Reserve's target of 2%, which means Fed policymakers may decide to forego any cuts to their key short-term interest rate this year.

Some officials have signaled that the central bank's most substantial move under new Fed Chair Kevin Warsh could be a rate hike, rather than a cut.

Yet Trump and some his top officials are showing little concern about higher prices and the impact of the Iran war on Americans' financial health. ...


#2 | Posted by LampLighter at 2026-05-28 12:20 PM | Reply

Thursday's inflation report also showed that in addition to gasoline, prices for groceries, clothing and electricity are also on the rise, indicating that inflation may be growing more entrenched.

It's almost like Trump knows ---- about business. If he is not intentionally destroying America based on orders from Vlad, tell what else he could be doing?

How many casinos did he bankrupt?

#3 | Posted by Nixon at 2026-05-28 12:40 PM | Reply

More from the cited article ...

... The personal consumption expenditures (PCE) price index increased 3.8 percent from a year ago, the Commerce Department said, up from 3.5 percent in March. ...

If you leave out the inflation spike due to COVID, that 3.8% increase may be the largest since the early 1990's.

Personal Consumption Expenditures Price Index (1959-2026)
www.macrotrends.net

Scroll down a bit for the "annual change" graph.



#4 | Posted by LampLighter at 2026-05-28 03:21 PM | Reply

There is no "conflict".

Alito is not conflicted at all.

Which, of course, is the problem.

He should be.

#5 | Posted by donnerboy at 2026-05-28 03:38 PM | Reply

Re 5

Oops wrong thread ...

#6 | Posted by donnerboy at 2026-05-28 03:38 PM | Reply

@#4 ... If you leave out the inflation spike due to COVID, that 3.8% increase may be the largest since the early 1990's. ...

Yet, Pres trump seems to be touting the greatness of his economy.

Maybe his economy is great for the uber-wealthy that make up his Cabinet, but what about those who try to work for a living wage?

#7 | Posted by LampLighter at 2026-05-28 07:52 PM | Reply

I like how you ------- blame COVID for the inflation during the Biden administration it completely ignore who voted to dump all those empty dollars on our economy.

#8 | Posted by lfthndthrds at 2026-05-29 07:39 AM | Reply | Funny: 1

I like how you fuckers blame COVID

#8 | Posted by lfthndthrds

Your style has changed. You snip from a great, great distance. Your bullets fall exhausted long before hitting anything.

I appreciate that you still come here as a foil for others.

But dressing up garbage as a kid's meal from MacDonald's just proves you've got the same rot as those you defend.

I think that you're bidding your time, awaiting Donald's next coup. Then I expect you to swoop back into this place, all "victorious" and shit.

#9 | Posted by Zed at 2026-05-29 07:52 AM | Reply

Do you think Putin worries about the Russian economy? Do you think his wealthy oligarchs worry? Nope and nope. They all have their cash stored in London and Zurich. Same thing with US billionaires and Der Dotard.

No one should be foolish enough to think that the Trump Crime Family has its ill-gotten gains in US banks...

#10 | Posted by catdog at 2026-05-29 11:47 AM | Reply

I like how you ------- blame COVID for the inflation during the Biden administration

#8 | Posted by lfthndthrds

Inflation surged around the world at rates not seen since the early 1980s recession. Coincidence, or COVID? Sometimes you gotta realize that massive unemployment, factories and shipping shutting down, massive spending and shrinking tax revenues might have an effect on inflation regardless of who's president.

#11 | Posted by Derek_Wildstar at 2026-05-29 12:52 PM | Reply | Newsworthy 1

Inflation surged around the world at rates not seen since the early 1980s recession. Coincidence, or COVID? Sometimes you gotta realize that massive unemployment, factories and shipping shutting down, massive spending and shrinking tax revenues might have an effect on inflation regardless of who's president.

#11 | Posted by Derek_Wildstar at 2026-05-29 12:52 PM | Reply | Flag:

I won't argue with you on that but dumping that amount of baseless money in a short time will still cause rampant inflation. The main point being, that it wasn't just one party in on it. It's like saying Trump had a terrible track record for managing unemployment during his first term - when there was a pandemic going on. If anyone blames Trump for 15% unemployment, they had better be ready to blame Biden for 9.3% inflation.

#12 | Posted by lfthndthrds at 2026-05-29 02:21 PM | Reply | Funny: 1

I won't argue with you on that but dumping that amount of baseless money in a short time will still cause rampant inflation. The main point being, that it wasn't just one party in on it. It's like saying Trump had a terrible track record for managing unemployment during his first term - when there was a pandemic going on. If anyone blames Trump for 15% unemployment, they had better be ready to blame Biden for 9.3% inflation.

#12 | Posted by lfthndthrds

Inflation spiked after covid AROUND THE ENTIRE WORLD, because of a pandemic that no one chose to create.

Current inflation is due to the choice of one man, who had to start a war because israel has video of him raping kids.

#13 | Posted by SpeakSoftly at 2026-05-29 02:42 PM | Reply | Funny: 1 | Newsworthy 1

Turdfyck thinks oil prices were unaffected by the fat idiot's useless war.

#14 | Posted by LegallyYourDead at 2026-05-29 03:07 PM | Reply

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