Same here, Janet R, but we can still share Simon’s link. So useful when the inevitable debt-to GDP ratio was better under GOP ( NOT!) faux statement appears.
Thank You for this cogent look at the facts. This is valuable information in fighting the misinformation and deliberate delusion coming from Republicans today. It is an essential step in avoiding the bottomless pit of culture wars.
This is excellent, Simon. The long term perspective is essential and striking.
I do want to bring something to your attention because it’s important that we prepare communications. It is quite possible we may enter a recession sometime this year. It is possible a recession may be avoided, but looking less likely. The Fed needed to slow down our economy to get inflation down and their interest rate hikes are working. We appear to be at a place on this path where we will start to see more layoffs, lower corporate earnings and less job openings in coming months. Powell has said the Fed is confident about their tools to stimulate the economy if necessary. That’s what they learned in the pandemic. I am only mentioning this because the timing could be just before or entering an election year. I think we need to give this some thought. (My profession is Financial Planning & Investments for individuals and families.) Happy to help in any way I can...
Just found your Substack by recommendation of a friend. I’m chair of our county DEM party and this is great info. I am sharing widely and plan on participating on the 4/13 call. Thank you!
The Republican Party does not want an economy that produces broad based prosperity. When in power Republicans implement governmental policies to structure the economy so that income and power flows overwhelmingly to the wealthy few at the expense of the rest of us. To the GOP that is the meaning of capitalism. Republicans want to create an oligarchy. Since Reagan's Revolution, they have succeeded.
I and several other people are members of the Southern Minnesota Democratic Study Group. We are an independent organization from the Mn state DFL party. Jon Olson, one of our members, would like to contact you about joining in a zoom meeting. I didn’t know how to get in touch with you.
Great, thanks Sharon. On the nav bar on the Hopium site there is a link "Booking Simon" - just follow the steps outlined there. Hope we can swing it. Many thanks for being part of our early community here. Best, S
You are what we need out here in the trenches! State Democratic Party doesn’t want to do anything new. We need to think outside the box. Thank you, thank you.
You need merch! Specifically, With Democrats, Things Get better t-shirts and hats to wear while registering Democrats with Field Team 6. They specifically want volunteers to wear unapologetically partisan gear to encourage mostly Dem registrations. We're gearing up for voter reg in those CA Central Valley districts we lost in 2022 and need merch! I think that slogan is perfect!
Simon, you’re a great resource for factual info I can use to respond to republican tweets. Thank you.
It looks to me like republicans intend to sabotage the economy & use it to frighten voters. Republicans will do anything to get the upper hand. They can & will sabotage the economy. If Fed. Chair Powell continues to raise interest rates-which he’s said he plans to do-it will eventually throw us into a recession. Not only that, it will probably happen right when campaigning for the next election is at its peak.
I’m afraid raising interest rates isn’t going to affect inflation very much because the current causes of this inflation are different than they were in the past. If Fed Chair Powell continues to raise interest rates it’s going to throw us into a recession right when campaigning for 2024 election is at its peak.
The inflation we’re experiencing wasn’t caused by the usual economic factors that normally cause it. First, inflation has been worldwide, so it follows that manipulating our economy to bring inflation down by raising interest rates will have only slight effect.
Second, supply chain issues around the world were part of the problem, but it seems to be easing. Third,
the price of gas has risen due to the war in Ukraine.
All three of those factors have eased over the last few months. So what’s happening domestically is
the primary reason for inflation only recently.
Powell is assuming we have an “over-heated market” and acting as if it’s causing inflation. It isn’t, what’s causing it are industries that have bought their competitors and hiked up prices because they can. Within certain industries like oil and gas, producers are colluding with each other to keep prices high. We have laws to prevent monopolies from forming but so far they aren’t being enforced.
Powell should stop raising interest rates and let the dust settle. I believe he’s a Trump appointee, and I know he’s a republican, so it wouldn’t surprise me to find out Powell is being influenced by republican colleagues to keep raising interest rates.
An op-ed by Celia Rouse, Chair of the U.S. Council of Economic Advisors, says “U.S. inflation and jobs reports show the fastest recovery in 30 years under Biden. “These are extraordinary times for America's economy. Recent data suggest our labor market remains strong even as inflationary pressures are showing signs of easing.”
“Annual inflation back in June 2022 was 9.1%; last month, it had declined to 6.4 percent. In fact, annual inflation has declined seven months in a row. At the same time, we have experienced the fastest jobs recovery from a recession in the last three decades.“
Same here, Janet R, but we can still share Simon’s link. So useful when the inevitable debt-to GDP ratio was better under GOP ( NOT!) faux statement appears.
thank you
Thank You for this cogent look at the facts. This is valuable information in fighting the misinformation and deliberate delusion coming from Republicans today. It is an essential step in avoiding the bottomless pit of culture wars.
I intend to make full use of these.
Ditto, Barbara M 👍🏻👍🏻
Simon, do you have an email address?
What does it regard Sharon?
Bravo!!
Thank you Simon! I sent it right over to twitter and I appreciate your making that easy to do!
Blessings and Happy Spring Holidays!
This is excellent, Simon. The long term perspective is essential and striking.
I do want to bring something to your attention because it’s important that we prepare communications. It is quite possible we may enter a recession sometime this year. It is possible a recession may be avoided, but looking less likely. The Fed needed to slow down our economy to get inflation down and their interest rate hikes are working. We appear to be at a place on this path where we will start to see more layoffs, lower corporate earnings and less job openings in coming months. Powell has said the Fed is confident about their tools to stimulate the economy if necessary. That’s what they learned in the pandemic. I am only mentioning this because the timing could be just before or entering an election year. I think we need to give this some thought. (My profession is Financial Planning & Investments for individuals and families.) Happy to help in any way I can...
Just found your Substack by recommendation of a friend. I’m chair of our county DEM party and this is great info. I am sharing widely and plan on participating on the 4/13 call. Thank you!
Thanks Lisa. Welcome aboard!
The Republican Party does not want an economy that produces broad based prosperity. When in power Republicans implement governmental policies to structure the economy so that income and power flows overwhelmingly to the wealthy few at the expense of the rest of us. To the GOP that is the meaning of capitalism. Republicans want to create an oligarchy. Since Reagan's Revolution, they have succeeded.
I and several other people are members of the Southern Minnesota Democratic Study Group. We are an independent organization from the Mn state DFL party. Jon Olson, one of our members, would like to contact you about joining in a zoom meeting. I didn’t know how to get in touch with you.
Great, thanks Sharon. On the nav bar on the Hopium site there is a link "Booking Simon" - just follow the steps outlined there. Hope we can swing it. Many thanks for being part of our early community here. Best, S
You are what we need out here in the trenches! State Democratic Party doesn’t want to do anything new. We need to think outside the box. Thank you, thank you.
You need merch! Specifically, With Democrats, Things Get better t-shirts and hats to wear while registering Democrats with Field Team 6. They specifically want volunteers to wear unapologetically partisan gear to encourage mostly Dem registrations. We're gearing up for voter reg in those CA Central Valley districts we lost in 2022 and need merch! I think that slogan is perfect!
Simon, you’re a great resource for factual info I can use to respond to republican tweets. Thank you.
It looks to me like republicans intend to sabotage the economy & use it to frighten voters. Republicans will do anything to get the upper hand. They can & will sabotage the economy. If Fed. Chair Powell continues to raise interest rates-which he’s said he plans to do-it will eventually throw us into a recession. Not only that, it will probably happen right when campaigning for the next election is at its peak.
I’m afraid raising interest rates isn’t going to affect inflation very much because the current causes of this inflation are different than they were in the past. If Fed Chair Powell continues to raise interest rates it’s going to throw us into a recession right when campaigning for 2024 election is at its peak.
The inflation we’re experiencing wasn’t caused by the usual economic factors that normally cause it. First, inflation has been worldwide, so it follows that manipulating our economy to bring inflation down by raising interest rates will have only slight effect.
Second, supply chain issues around the world were part of the problem, but it seems to be easing. Third,
the price of gas has risen due to the war in Ukraine.
All three of those factors have eased over the last few months. So what’s happening domestically is
the primary reason for inflation only recently.
Powell is assuming we have an “over-heated market” and acting as if it’s causing inflation. It isn’t, what’s causing it are industries that have bought their competitors and hiked up prices because they can. Within certain industries like oil and gas, producers are colluding with each other to keep prices high. We have laws to prevent monopolies from forming but so far they aren’t being enforced.
Powell should stop raising interest rates and let the dust settle. I believe he’s a Trump appointee, and I know he’s a republican, so it wouldn’t surprise me to find out Powell is being influenced by republican colleagues to keep raising interest rates.
An op-ed by Celia Rouse, Chair of the U.S. Council of Economic Advisors, says “U.S. inflation and jobs reports show the fastest recovery in 30 years under Biden. “These are extraordinary times for America's economy. Recent data suggest our labor market remains strong even as inflationary pressures are showing signs of easing.”
“Annual inflation back in June 2022 was 9.1%; last month, it had declined to 6.4 percent. In fact, annual inflation has declined seven months in a row. At the same time, we have experienced the fastest jobs recovery from a recession in the last three decades.“
(cnbc. com, 2/14/23, by Celia Rouse)
Please get the media to pay attention and get with the picture
Hey Simon, the link to register for 4/13 is actually March’s meeting. 🙂
use this - https://us02web.zoom.us/webinar/register/WN_Z1JK3BFARUSbJrGhlVNDnQ#/registration
Can you send me the bad link? I just checked and found April links but want to correct it. Pls send. Ty.
Found it and changed it. Thank you!