Drudge Retort: The Other Side of the News

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Wednesday, August 28, 2024

By the end of [Trump's] one hour and 45-minute speech, many had already left. Photos appeared to show entire sections of the 8,000 seat arena nearly empty, something unheard of for a MAGA event in 2020 and 2016. read more


Thursday, August 15, 2024

FTA: "Fresh data from the Bureau of Labor Statistics showed July's annual inflation rate hit 2.9 percent, dipping below 3 percent for the first time since March 2021, when price increases took off on the heels of the pandemic. A core measure that strips out volatile categories such as food and energy also saw the smallest 12-month increase since April 2021." read more


Tuesday, August 13, 2024

"The Labor Department's producer price index showed a monthly increase of 0.1% for July, with an annual rise of 2.2%. Econoday had expected a monthly increase of 0.2% for July, with an annual rise of 2.6%. The core PPI, excluding food and energy, was unchanged on the month, with a 2.4% year-over-year increase. Wall Street had anticipated the core PPI to rise 0.2% on the month, with a year-over-year increase of 3%." read more


Comments

The Lie: "Other countries" will not be paying Trump's tariffs.
In reality Americans will pay an average of $2,600-$3,900, with the poorest households losing the largest share of their paychecks.
Take a look.

Trump's tariffs saw a decrease in solar industry job growth, while Biden's incentives and investment (which Trump plans to repeal) sent employment soaring. Take a look.

Before Hoover passed the Smoot-Hawley tariffs (didn't we all learn this in school?) that fueled the Great Depression, 1000 economists petitioned him to veto the bill.
This June, 16 Nobel Economists signed a letter warning against Trump's economic management " let's hope history won't repeat itself.
Finally - take a look.

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