The bailout directly contradicts the administration’s claims that tariffs won’t hurt producers or consumers. This happened the first time around. It’ll happen again. #econsky www.washingtonpost.com/politics/202...

Happy Saturday! I want to try something. I’m an economist. Ask me anything #econsky

Friendly reminder on World AIDS Day that the Trump admin ended CDC HIV prevention programs and slashed research grants This is coming at a time when CRISPR treatments are showing real promise in curing HIV. Funding cuts will hamper further development #worldaidsday

With the Trump admin opposing using emergency SNAP funds, it’s important to remember the econ benefits of SNAP. A 2019 USDA study found a 1.5 multiplier effect. This means that $1 billion in SNAP leads to $1.5b in GDP and 13k+ jobs. #econsky www.ers.usda.gov/publications...

This is MAGAnomics in a nutshell. Cut services and harm businesses. This is an insane level of job loss: 153k in October. Notably, this isn’t from BLS. Their data won’t be available for a while due to the shutdown, so this is the best assessment we have #econsky www.cnbc.com/amp/2025/11/...

If only literally every independent economist said this would happen 🤷🏽‍♂️ www.washingtonpost.com/business/202... #econsky

Excuse the fk me? All government employees are entitled to back pay from the Republican shutdown due to a law Trump HIMSELF signed in 2019 called Government Employee Fair Treatment Act. #econsky

The “brain drain” effect will be long lasting. We’ll lose our edge in R&D, which impacts everything from healthcare to energy to engineering. #econsky www.reuters.com/world/austri...

The latest jobs report (+73k jobs created) is mediocre. The revisions are brutal. May revised (-125k) to only +19k. June revised (-133k) down to only +14k. At least this shows the admin isn’t cooking the numbers. Or they’re just really, really bad cooks. #econsky www.bls.gov/news.release...

Universal childcare would be one of the best ways to stimulate the economy. Studies have shown an increase in workplace participation and wages. For kids, it helps foster development. The ROI on childcare is insane. apnews.com/article/chil... #econsky

Regarding the flooding: GOP doesn’t want to fund the programs that predict these things, but they still want to blame the federal government for not predicting this. DOGE has consequences

Yesterday ADP showed a loss of 33k jobs. BLS today showed a gain of 147k. What gives? 1) Different survey methodologies 2) BLS includes state and local gov employment, which showed gains 3) these are prelim numbers Still this is a large discrepancy. I’ll be looking into it more today #econsky

BREAKING: Grifter congressman who thinks salt is spicy can’t fathom eating Indian food properly

Real GDP decreased at an annual rate of 0.5 percent in the first quarter of 2025 (January, February, and March), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent. www.bea.gov/news/2025/gr... #econsky

Zohran winning gives three big lessons for mainstream democrats 1) Authenticity matters. Be yourself and stop giving politically “safe” answers. If people don’t like the real you, don’t run.

It’s only been 6 months and Mr. “No more wars” got us directly involved in another one. Tariffs raising prices ✅ ICE arresting US citizens ✅ War with another country ✅ MAGA continues to deliver 👊🇺🇸🔥 #Iran

Total nonfarm payroll employment increased by 139,000 in May, and the unemployment rate was unchanged at 4.2%. Employment continued to trend up in health care, leisure and hospitality, and social assistance. Federal government continued to lose jobs. #econsky www.bls.gov/news.release...

The Trump admin’s cuts are compromising inflation data collection. Not only does this make the data less reliable, but businesses will be impacted since they’re making decisions on worse quality data. Once again, MAGA is screwing up our economy #econsky fortune.com/2025/06/04/t...

Jerome Powell doesn’t get enough credit for doing his job with independence. The next Fed chair appointed by Trump will likely be a sycophant. He’ll do what Trump says and destroy the economy in the process. Inflation will rise again #econsky

The only reason MAGA thinks it’s constitutional to end birthright citizenship is because they literally can’t read. #supremecourt

This makes perfect sense. It’s where he gets all his healthcare opinions from

Chicago cocktail inspired by the new pope: The Holy Trinity 8oz Old Style Shot of Malort Splash of RC to taste

Honestly, this is a really depressing article on #Fetterman and how much he’s changed. He really needs help. “One former staffer recalled overhearing Gisele on speakerphone that December saying to Fetterman, “Who did I marry? Where is the man I married?”” web.archive.org/web/20250502...

Glad to see DUI hire Pete Hegseth is eliminating the super woke policies of the *checks notes* Trump Administration www.washingtonpost.com/politics/202...

MAGA: We can’t afford to feed people abroad! We have hungry kids and veterans here! Also MAGA:

Tesla revenues plummet. Maybe #ElonMusk will finally get it: If you hate, we reciprocate. #econsky www.cnbc.com/2025/04/22/t...

Voters: Housing is too expensive! Kamala: Here’s my plan to build homes and lower costs People: Booo MAGA: We’re doing tariffs and increasing home prices bc fk you Voters: Hell yeah! MAGA2028USATRUMP🇺🇸 Tell me again how this election was about the economy #econsky amp.cnn.com/cnn/2025/04/...

Interesting paper by Austan Goolsbee et al. Productivity at US restaurants grew <15% during COVID, apparently driven by take-out customers spending <10 min at restaurants This is basically the DoorDash effect. More profits (outputs) + less labor (inputs) = more productivity #econsky rb.gy/a08uyk

Huge crowd at Hands Off Chicago! Literally thousands

I guess this is what MAGA meant by red wave #econsky

Yes, the tariffs will screw up the global economy. But what’s not being talked about is the instability this will create. These conditions allow terrorism and corruption to flourish. This endangers everyone including us. #econsky

Hillary Clinton after MAGA says leaking top secret war plans in a group text is nbd

Friendly reminder that Pam Bondi stopped investigations of a giant foreclosure fraud scheme in FL after accepting money from the same companies being investigated. She then “declared her disdain for Florida’s families subjected to fraudulent disclosures.” Source: From Cairo to Wall Street (2012)

One of the biggest voter divides deals with education. Those with a college degree overwhelmingly and increasingly are voting Democrat. Less educated are increasingly voting Republican/MAGA. This is why Trump and MAGA want to dismantle the department of education.

Kristi Noem patrolling the border

Chuck Schumer just turned heel

Senator Dick Durbin is 80 and not the right man for the job anymore. He needs to retire. Here’s a list of who could run in 2026: -Lt. Gov. Juliana Stratton -Rep. Lauren Underwood -Rep. Raja Krishnamoorti -Sec. State Alexei Giannoulias -Rep. Robin Kelly -Rep. Nikki Budzinkski Am I missing anyone?

The fight going on in the Democratic Party right now is not between hard left, left and moderate. It’s between those who want to fight and those who want to cave. And Team Fight stretches across all ideological aspects of the Party. Misread this at your own peril.

Lol the Trump adminstration is just straight up lying (again). Inflation numbers dropped on Wednesday, and they showed eggs actually *increased* ~10.4%

The reason I almost exclusively flew Southwest was because of their open seating and free checked bags. I’d even pay extra to fly them because I liked them so much. Now what’s the point? They got rid of all that and lowering their points. Why would I be loyal to them if they’re not to us anymore?

After that embarrassing debacle of a meeting with Trump and Zelensky, it just further affirmed that Kamala Harris was right. “Autocrats are rooting for you…because they can manipulate you... You are a disgrace.” Pro-democracy Americans stand with Ukraine 100%

Clown.

Federal employees are supposed to send OPM a list of things we did the last week. Never mind that I *already* go over this weekly with my supervisor. This is a waste. They have no idea the work we do. This is only to cause harm. They want to hurt people. Don’t forget that.

This is what happens when you replace DEIs with DUIs

Adams must be removed. The city cannot sustain being governed for nearly a year by a Mayor who is being coerced by Trump admin in order to escape charges. This corruption poses a real threat to the people of the city. He should have resigned a while ago, but will not. So it’s time for him to go.

The CFPB has returned $21 billion to 205 million consumers who were scammed at the hands of predatory banks. You can root out waste, fraud, and abuse... or you can eliminate the CFPB. But you can't do both.

President Elon Musk wants to shut down USAID for one very clear reason:

The protests being organized should have a clear message: No (F)Elons in our house!

Lmao Elon Musk just said he’ll crash the economy by 2026, just in time for the midterms

During WWII, FDR rounded up Japanese and others in interment camps. Conditions were horrid. People died. The most prominent was Manzanar in California. Now Trump is seeking to do something similar with #Guantanamo and migrants www.cnn.com/2025/01/29/p...