Economy

DUMB: MSNBC’s Rattner Compares Trump to China for Firing Fed Governor
Leave it to one of the clowns at MSNBC’s Morning Joe to compare President Donald Trump to the murderous Communist Chinese government because of his beef with the Federal Reserve.
Monthly Inflation Slows Slightly in July, Feeding Fed Rate Cut Hopes
Inflation in July, as measured by the Federal Reserve’s favored gauge, inched lower on a monthly basis, fueling hopes of an interest rate cut when the central bank meets in September.
BEA: Second Quarter Real GDP Grew More than Initially Reported
U.S. Real Gross Domestic Product (GDP) growth was even stronger than initially reported, the U.S. Bureau of Economic Analysis (BEA) announced Thursday.

THUNDER-LID: Abby Phillip Keeps ‘Maryland Dad’ Off NewsNight Table
In an interesting editorial choice, CNN NewsNight host Abby Phillip elected to keep credibly-accused human trafficker, wifebeater and MS-13 gangbanger Kilmar Abrego García off the table and away from any meaningful panel discussion. Phillip instead elected to do a brief blurb on Abrego García to close the show.

Ali Velshi’s Not-So-Original Idea to Fight Capitalism: Raising Taxes!
MSNBC’s James Woods-dubbed “media gnat” Ali Velshi continues to illustrate why socialist media talking heads know as much about sound economics as flat-earthers know about astrophysics.

The Cure for Trump Derangement Syndrome? Success!
At this point in his second term, President Donald Trump has higher approval ratings than Presidents George W. Bush and Barack Obama in their second terms. According to the Real Clear Politics average of presidential approval polls, Trump, on Aug. 13, 2025, had a rating of 45.8%. G.W. Bush on Aug. 13, 2005, registered a 43.2% rating. Obama, on Aug. 13, 2013, stood at 43.8%.

Feeding the Leviathan Will Starve Prosperity
The economy can be both very complex and very simple. In simplified terms, consider two buckets. One is the public sector, and one is the private sector. As more money flows into the bucket of the public sector and fills it up, the private sector bucket does not fill up. However, the private sector utilizes money more efficiently and contributes to economic growth for its citizens. As the…

THUNDERDOME: Scott Jennings Brutally SCHOOLS a Meidas Bro
A segment on Target’s financial woes on CNN NewsNight with Abby Phillip, colloquially known as the Thunderdome, laser-focused on the retailer’s recent financial woes. A liberal panelist took an opportunity to try to make hay at the expense of Scott Jennings, and it did not end well.

Remember When Colbert Said Paying High Prices Under Biden Was Moral?
Lame duck comedian Stephen Colbert went on a tirade against President Donald Trump’s tariffs and heralded the supposedly impending doom of skyrocketing prices, and ended up beclowning himself in the process.

Be Really Worried—CNN Hypes Fears Of Tariff Impact on School Supplies
A CNN This Morning segment hypes fears of the effect of Trump tariffs on back to school supplies. Host Audie Cornish suggests that people will be using buy now, pay later plans to pay for "pencils and crayons." Julie Margetta Morgan, president of the self-described "progressive" think tank, the Century Foundation, says that people should "be really worried" about that.

Remember When Krugman Implied BLS Was Fudging Numbers? He Sure Doesn’t
Economic dunce-in-chief Paul Krugman knows as much about intellectual consistency as he does about the meaning of “transitory” inflation. His proverbial brain aneurysm to that effect was put on full display during the August 5 edition of PBS’s Amanpour & Company…

Page 1 Editorial: NYT’s Peter Baker Seethes at Trump’s ‘War on Facts'
If there’s anyone who is least qualified to kick up a stink over anybody initiating a so-called “war on facts,” it's New York Times chief White House correspondent Peter Baker.

NBC’s Kristen Welker BERATES WH Econ Adviser Over Firing of BLS Head
Today’s edition of NBC’s Meet the Depressed saw Kevin Hassett, Director of the White House National Economic Council, berated by host Kristen Welker, who repeatedly demanded Hassett provide “hard evidence” to justify the recent dismissal of the head of the Bureau of Labor Statistics.

WHAT GROWTH? ABC’s David Muir Snubs Stellar Q2 GDP Economic Growth
You know some serious TDS is afoot at the House of Mouse when its flagship evening news program chooses to be the only one of the Big Three networks NOT to cover the Trump economy once again defying the so-called experts.