A Main Street Agenda town hall meeting on inflation to be held today, 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. American Press Institute/Milwaukee Journal Sentinel/Wisconsin Public Radio/Robert M. La Follette School of Public Affairs. Livestreamed here.
Figure 1: CPI (bold black), CPI for East North Central region, seasonally adjusted by author using X-13 (green), and CPI-food at home (tan), all 2000=1.00. Source: BLS.
Update: Livestreamed here.
Let me save you some time.
Wisconsin is essentially tied according the polls. The point of this town hall is to convince the public that inflation is no longer an issue, removing one bread and butter reason that people might have for voting for Trump.
Don’t be fooled.
The issue was not whether inflation was going to continue. It was eventually going to be nipped in the bud by the Fed, even at the expense of a recession, which fortunately hasn’t happened. The real issue is that Harris-Biden cynically exploited the inflation problem and the aftermath of Covid to usher in an orgy of spending to pay off their constituencies in an “Inflation Reduction Act” that had nothing to do with inflation. In doing so, they made the permanent increase in price levels worse and risked a recession when the Fed reacted, as they knew it would.
Now, they want the voters to forget that irresponsible policy. All clear–inflation under control! But that’s not the issue. The issue is that they will use economic policy to help themselves at the expense of the public, just as they have in foreign policy with Israel and Ukraine. They will keep doing that over the next four years unless the voters return Donald Trump to the presidency.
Wisconsin voters should use the time they would have wasted going to these town halls to vote early for Trump. In Wisconsin, your vote really matters. With Wisconsin in Trump’s camp, Kamala’s potential pathways to the presidency will be severely constrained.
Are you retarded or what? Even before these sensible people sit down and discuss an actual economic issue, here we have little Ricky Stryker going off on some partisan stupid rant.
Look dude – we have not missed you in the least. So take a clue. Go away and never come back.
Wow. Not a single original thought! Rickie has repeated a whole bushel-basket of Republican talking points, without any effort to reconcile those talking points with reality.
Rickie has also pretended that Democrats are especially likely to mislead the public, when fact-checking has, for decades, demonstrated that it is the Republican Party which most often distorts the truth…as Rickie has done right in front of us.
Rickie, this isn’t a Trump rally. It isn’t faux news or Rogan. You’re outside the echo chamber here. Echo-chamber blather isn’t going to convince anyone who is still thinking for themselves.
You may have heard that Trump Media was enjoying a dead cat bounce. Which allowed little Ricky to pay for his internet for the first time in weeks. But wait – the dead cat bounce may have ended. Bye bye little Ricky!
DJT shares briefly halted after Trump Media stock plunge
https://www.msn.com/en-us/money/markets/djt-shares-briefly-halted-after-trump-media-stock-plunge/ar-AA1sk6KK?ocid=msedgntp&pc=U531&cvid=bdd35eed7f994f3d9481d69335458a17&ei=16
around 2:20pm ET, the share price began to plunge dramatically, falling from $31.34 to a low of $26.61 just 25 minutes later. Officials instituted a five-minute pause in trading at 2:42 due to the volatility, according to MarketWatch. As of Tuesday afternoon, about 15 minutes before the close of the market, shares stil hadn’t recovered, trading at just over $26, less than half of the company’s record price from late March after going public, but still a welcome improvement over when the firm hit just $12.15 a share on September 23.
Sorry I did not get back to your LIES about the Inflation Reduction Act but here’s the analysis of what it did:
https://www.crfb.org/blogs/cbo-scores-ira-238-billion-deficit-reduction#:~:text=The%20Congressional%20Budget%20Office%20%28CBO%29%20just%20released%20a,estimated%20to%20save%20over%20%24300%20billion%20through%202031.
Let’s see. It reduced the long-term deficit. Now maybe you are using some stupid arcane model but most economists would argue that a bill that raised more revenues than it increased spending REDUCED inflation. Oh wait – you hate what it spent on such as those Energy and Climate components. After all – little Ricky insists we need more global warming not less. Or maybe you think we need to do less for health care. Given you are clearly mentally retarded, I can see why.
James E. Causey, a columnist at the Milwaukee Journal Sentinel, will moderate the event. Panelists include:
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.
What? EJ Antoni was not invited? OK – it is a good thing he wasn’t.
I’m sure this discussion will be informative.
Off topic – there’s a new geothermal in town:
https://www.npr.org/2024/10/15/nx-s1-5035523/petroleum-drilling-technology-carbon-free-power
This is essentially a press release run through NPR. That’s what a lot of business reporting is. That observation aside, this looks like a pretty big win for alternative energy.
The only indication of cost is that it’s more expensive than wind and solar energy. Total cost? Marginal cost? Still, looks like a big step in the right direction.
The other exciting thing is that they are basically using the technology of drilling companies and skills of their workers. So all of that investment and resources can be transferred into drilling for heat, rather than just be wasted as we slowly shut down fossil fuels.
The main thing on cost will be how long the wells will be producing. To me it seems like the biggest cost is making and setting up the well itself. Pumping recycled water through the loop is not going to cost much. Longevity of wells will likely depend on local geology. So there is a good chance they will learn and drive cost down by carefully selecting spots.
Off topic – Niel Gorsuch has written a book:
“The book, however, is riddled with glaring factual omissions and analytic errors that seriously call into question its reliability and rigor. In its essence, the book is standard conservative political propaganda…It represents a remarkable attack by a sitting Supreme Court justice on the other two branches of government.”
https://www.politico.com/news/magazine/2024/10/15/neil-gorsuch-book-supreme-court-00183518
If I were to guess, I’d say it also represents an opportunity for right-wing organizations to funnel money to Gorsuch through appearance fees.
Not surprised, and yet…… it still makes me mouth-vomit.
By the way – Simon Johnson is a favorite if yours, isn’t he? The Nobel committee agrees with you.
@ Macroduck Another thing I wanted to express while I’m sitting here drunk listening to Zeppelin’s 02 rehearsals. You do know Simon Johnson was one of those……. what NYT’s David Brooks likes to label “dirty blog host/writers”??
Oh……. how “sickening” Brooks will tell us tomorrow that “the Nobel committee has ‘lowered it’s standards of late’ ” in his bastardized style of “commentary”
“Neil Gorsuch’s New Book Is an Embarrassment”
But is the book as bad as his usual court opinions?
5-star comment./
Sadly enough, and yet still funny.
It states on the link the event is “sold out”. Any chance Wisconsin Public Radio will livestream the event and we could listen online??
Moses Herzog: Link appended to post now.
I was thinking you wouldn’t answer. I apologize for thinking that in my head. Thanks Menzie, you are the best Thanks again.
https://www.msn.com/en-us/news/politics/trump-claims-strange-things-happened-at-the-capitol-on-jan-6/vi-AA1sjXeG?ocid=msedgdhp&pc=U531&cvid=e02850c4e0d7431e9a9c04aa2e4c63e1&ei=14#details
Trump tells a reporter in Chicago that there was a peaceful transfer of power after the 2020 elections. Of course he came up with some “Strange Things” remark whatever that means.
Maybe we can get little Ricky Stryker to mansplain to us what the eff that means since little Ricky is Trump’s favorite strange thing!
Trump clashes with Bloomberg editor over tariffs
https://www.msn.com/en-us/news/politics/trump-clashes-with-bloomberg-editor-over-tariffs/ar-AA1sjKEt?ocid=msedgntp&pc=U531&cvid=3c876c1f878f413a9f339e59453a65d5&ei=9
Former President Trump clashed with the editor-in-chief of Bloomberg News during an economic forum in Chicago on Tuesday over the GOP nominee’s insistence that tariffs would not have negative consequences in a possible second term. Bloomberg’s top editor, John Micklethwait, repeatedly pressed Trump at the Economic Club of Chicago over his plans to impose a universal tariff on imports and his threats to use tariffs on American companies that outsource their manufacturing.
So Trump sits down for a real interview for a change. And man this man showed how utterly stupid he really is. Something about being good at mathematics? I guess Trump figured out the sum of 2 plus 2!
Never forget. Rick Stryker is the guy who spent weeks here trying to prove that Trump’s inaugural crowd was bigger than Obama’s. He claimed to have megapixel pictures to prove it.
And Rick Stryker was the guy who argued that we needed a 4000 mile wall on our northern border and to prove it he posted a video purporting to show black costumed ninjas on jet skis invading Cleveland with Ebola from 60 miles across Lake Erie. Seriously.
The guy is a full on loon. You are wasting your time arguing with an insane person. Don’t keep poking him or you’re likely to get his take on cats and dogs in Springfield, Ohio.
He is a loon. His description of the 2022 Inflation Reduction Act suggested that it raised the deficit but the CBO says the opposite:
https://www.crfb.org/blogs/cbo-scores-ira-238-billion-deficit-reduction
The Congressional Budget Office (CBO) just released a final score of the Inflation Reduction Act, finding it would reduce deficits by $238 billion over a decade.
I guess little Ricky did not know that the extra spending was more than paid for by extra taxes. And maybe little Ricky does not know what the spending represented.
(1) Energy and Climate measures
(2) Health Care measures
Or maybe little Ricky is in favor of more global warming. If so, he needs more assistance with his mental health!