A Main Street Agenda town hall meeting on inflation to be held Tuesday, Oct. 15, from 6 to 8 p.m. at the Clinton Rose Senior Center, 3045 N. Dr. Martin Luther King Jr. Drive. Register here.
From the Milwaukee Journal Sentinel:
During the presidential debate, Vice President Kamala Harris and former President Donald Trump made addressing inflation a crucial part of their presidential campaigns.
In a swing state like Wisconsin – where its largest city, Milwaukee, has one of the highest poverty rates in the country – the candidate who can best articulate their plan for addressing inflation could win the state and become the next president of the United States.
Panelists include experts on inflation, Milwaukee community activists:
- Dynasty Caesar, Senior Organizer for the Redress Movement in Milwaukee.
- Menzie Chinn, Professor at the La Follette School of Public Affairs and Department of Economics at UW-Madison. His research examines economic developments within and between countries.
- J. Michael Collins, Professor at the La Follette School of Public Affairs and School of Human Ecology at UW-Madison. He studies consumer decision-making, including credit, savings, and investment.
- Melody McCurtis, Deputy Director & lead Organizer of Metcalfe Park Community Bridges, a resident-led organization in the Metcalfe Park neighborhood on Milwaukee’s Northside.
Register for the event here.
Maybe Dr. Chinn can tell us about JustTheNews
https://mediabiasfactcheck.com/just-the-news/#:~:text=Overall%2C%20we%20rate%20Just%20the%20News%20Questionable%20and,the%20promotion%20of%20conspiracy%20theories%20and%20right-wing%20propaganda.
Questionable Reasoning: Conspiracy Theories, Propaganda, Numerous Failed Fact Checks
Bias Rating: FAR RIGHT
Factual Reporting: MIXED
Country: USA
MBFC’s Country Freedom Rank: MOSTLY FREE
Media Type: Website
Traffic/Popularity: High Traffic
MBFC Credibility Rating: LOW CREDIBILITY
I note his rightwing trash tabloid as it seems “economist” EJ Antoni is now writing for them telling the readers that the Trump economy was far better than the Biden economy. His evidence? NONE!
Thankfully Hurricane Helene has passed through but one of its survivors wants you to know about this insane proposal from Project 2025
https://digbysblog.net/2024/09/26/as-helene-bears-down/
As Helene Bears Down
Published by Tom Sullivan on September 26, 2024
Project 2025 wants you caught by surprise
The National Oceanic and Atmospheric Administration, the federal agency that predicts changes in climate, weather, oceans, and coastlines and provides data that informs lifesaving forecasts such as tracking hurricanes, is in the crosshairs of Project 2025, the conservative battle plan for a potential second Trump presidency which describes NOAA as a “colossal operation that has become one of the main drivers of the climate change alarm industry.” But researchers have pushed back on these charges and defended NOAA’s climate data and meteorological work — while forecasters are predicting an “extremely active” Atlantic hurricane season and experts say this summer could rival last year’s record heat.
Project 2025’s call to dismantle NOAA by eliminating or privatizing key functions of the agency is the endgame of years of attempts by conservatives and right-wing media to attack the credibility of the agency and the veracity of the data it produces. It also illustrates that the conservative plan is not just to dismantle U.S. climate policy, but also to scrub the climate data that underpins it.
EJ Antoni questions whether Biden admin economic advisors are qualified to do their jobs
https://justthenews.com/videos/ej-antoni-questions-whether-biden-admin-economic-advisors-are-qualified-do-their-jobs
This Heritage hack deems himself qualified to challenge the qualifications of Biden’s economic team? OK little EJ – what’s your case?
‘EJ Antoni, economist and Heritage Foundation research fellow, weighs in on the economic ignorance of President Joe Biden’s advisors. Antoni says a recent report shows Biden administration senior officials have a record-low level of private sector experience.’
That’s it? How long one worked as corporate shill? Or lying one’s rear end off for Faux News?
Look I get EJ is dumber than a rock but even dumber than JD Vance? Damn!
Inflation now is different than 2022-23. Sure, the rate is lower, but when the rates were rising rapidly, it was widely and negatively felt. But now that the wages of many have increased to offset much of the price increases, the result of the last three years of inflation is more selective.
Those who have had idle cash during near-zero interest rates are now enjoying 4-7% interest rates on CDs and other interest bearing notes. That’s good, especially if they have don’t have debts at higher interest rates and don’t have the need to make new large purchases with loans. Of course, even though interest rates are lower somewhat from the recent peak on mortgage loans, those first time home buyers still face a much different situation than they did last decade. One of the candidates for POTUS is strongly pushing a $25K grant to those new home buyers to offset the higher rates (without much thought about how that might affect prices… like maybe increasing them somewhere around $25K because inventory is low… which is … more inflation).
https://www.marketwatch.com/story/harriss-25k-for-home-buyers-would-lift-prices-but-her-housing-plan-has-advantages-economist-says-b4cde70b
Regardless, despite the inflationary damage in the past, except for the unemployed and those on incomes that have remained pretty much fixed since 2021, the current economic pain is less. That being said, memories for many are longer than the period of rapid inflation lasted. Whether or not that will be a big issue for the election remains to be seen.
Bruce Hall: Welcome to the camp worried about fiscal stimulus at full employment. Where were you in 2017, when the TCJA was passed? Suggest you look at the comparative fiscal impact of the policies, as summarized by the PWBM/Economist, here. I don’t wee you worrying about the inflationary impact of Trump proposals (of which I’d say tariffs would have a much bigger impact). If Trump’s $11 trillion worth of promises come to fruition, well I think you should be shouting to the high hills.