White House Trade and Economic Advisor Peter Navarro takes a well deserved victory lap on the latest U.S. consumer sales news. The Census Bureau report, yesterday, highlighted that consumer sales remain strong at +0.6% – significantly higher than all economists forecast [DATA HERE].
Retail sales growth is important, because approximately two-thirds of the U.S. GDP growth is driven by consumer sales. With inflation low, retail sales high, and with a previously reported drop in U.S. imports, the ¹second quarter GDP is likely to be much stronger than anyone previously predicted. Thus, Peter Navarro is leaning forward against the naysayers.
This is essentially a repeat of the 2017/2018 economic outcome from President Trump’s first term in office. The tariffs, which are applied to the ‘cost’ side of the dynamic, are mostly being absorbed by major producing nations who are reliant upon export to the U.S. market. Simultaneously, the tariffs are generating income – essentially exfiltrating foreign wealth and returning those funds to the USA; a complete reversal of the rust-belt dynamic. WATCH:
What Peter Navarro outlines is the core of MAGAnomics. This is also the baseline for our CTH assembly in support of economic nationalism, which is why we ended up in conflict with the Chamber of Commerce Republicans.
Tariffs are a tool to leverage reciprocal trade, and as long as nations like China continue taking measures to subsidize their exports, the tariffs simultaneously take wealth (those subsidies) from Beijing and return it to the USA.
This reality has always been the model we predicted would be successful for Americans, and I will remind everyone that ONLY DONALD TRUMP could deliver this MAGAnomic program. Everything else, Epstein, Musk, etc. is chaff and countermeasures deployed by both Democrats and Republicans in an effort to take back control of the money flow.
Remember, Democrats want power – Republicans want money. Democrats use money to get power, while Republicans use power to get money. This is how the two wings of the DC UniParty vulture maintain status.
You can see that if you take away the money, Democrats lose power. Simultaneously if you take away control of the money, the Republicans go bananas. This dual reality forms the baseline of the elite club opposition against President Trump.
At the core of the opposition you find money, control of the USA treasury as a weapon. When you understand that aspect, you understand the motives of Federal Reserve Chairman Jerome Powell.
FED Chair Powell’s refusal to lower interest rates is an attempt to assist both wings of DC by trying -and failing- to influence the money flows. Democrats support Powell’s approach because they want power. Republicans are willfully blind to Powell’s approach because they want to get back in control of the money.
Pro-America economic policy, MAGAnomics, is like kryptonite to Washington DC.
¹The second quarter GDP (April, May, June) will be reported on the last Friday in July.
“This reality has always been the model we predicted would be successful for Americans, and I will remind everyone that ONLY DONALD TRUMP could deliver this MAGAnomic program. Everything else, Epstein, Musk, etc. is chaff and countermeasures deployed by both Democrats and Republicans in an effort to take back control of the money flow”.
Nuff said. Thank you, SD, as always.
Agree.
Miss the wolverine photos!
Spot on!
As the All Knowing, All Seeing Maha Rushie used to say, the “experts” are always surprised when they are wrong. And they are always wrong.
I miss Rush!
No one can take his place, I miss him too. What a warrior, he never gave up the message.
Charter member of EIB here. The best lesson ever learn was – baseline budgeting. You can’t unsee it once you know it’s there. My co-pilot on the road for over 30 years.
DITTO
Baseline budgeting, where a 2% growth in spending on a program is considered a cut when the overall budget is up 3 or more percent. 🤪
Rush always got me through the moral I went about my chores. I cried the day he died. The two saps who “replaced ” him were a huge letdown.
I still recall the day I first heard the Maha Rushie. August 2, 1990 when Iraq invaded Kuwait. I was at work listening to the local AM talk station for updates on the invasion instead of the usual Philadelphia sports talk or Howard Stern (yes, I used to listen to him for a few years when he was on terrestrial radio. I was in my mid 20s at the time, about a year away from getting married) I decided to stay with the station past noon (in the afternoon I usually switched over to a classic rock station out of Philadelphia) and heard his intro bumper, the Pretenders “My City Was Gone”; which intrigued me. Then Rush started talking and within the first half – hour segment I said to myself “Who is this guy? He talks about everything that I believe in”. From that point on, I listened to him during the work week until his death in early 2021.
That’s what the wolverines are doing now. Picking up for Rush, not replacing him.
Greetings thrill-seekers, music lovers, conversationalists all across the fruited plain!. “This is the all-knowing, all-seeing, all-caring, all-FEELING Maha Rushie, having more fun than a human being should be allowed to have, with talent on loan from GOD, and with half my brain tied behind my back, JUST to make it fair.”
Remembering Rush especially on Friday mornings – “Open Line Friday” – but every day was great as long as he was there!
I belatedly discovered him in 2000 and listened in the morning while puttering around – especially loved his John McCain impersonation with the strawberries! Rush made radio great again.
Made it through the open line Friday screening a couple times!
I am impressed! 🙂
In my very uninformed opinion… the thing that made Rush entertaining…
was that…
he Was an entertainer!
Rush started in radio young… and as a DJ, not a news announcer/reporter/
talk show host.
The skills and talents you need for each can be different.
Sometimes they complement each other, but not always.
Rush learned early how to ‘talk to one person’ while behind the microphone, something easy to say but harder to do.
He didn’t take himself too seriously – he could joke about himself in a way other people never learned.
He had the DJ’s irreverence… while also being innately intelligent and a voracious reader.
And a fast reader, too – reading wire copy off the AP or UPI was a separate skill – it came in all caps, might be double-spaced… and might end suddenly, or turn into gibberish.
You have to have a quick mind to comprehend a ‘cold read’ and the ability to ad-lib if the copy evaporated.
I think that’s one reason Rush disliked speakers who used a teleprompter as a crutch – who sounded wise and thoughtful while slavishly reading, word-for-word… but sounded like a dumkopf if the prompter went on the fritz.
Rush respected Reagan, who was a great radioman… who could recreate a baseball game from wire copy box scores! (A special creative skill).
I think Rush looked at someone like Obama… and had him sized up in 2 minutes.
A dumkopf.
El Rushbo! How we miss you! 🩷 😭
Remember Vindeman and his moniker – “oh say can you see”? He was so funny
Oh, that was a hoot!
The burst of fond nostalgia you just evoked, you have no idea…thank you, plc!
Edit: Heck, if we’re going to take this opportunity to remember the Great One, let’s do it right!
J
There’s nothing like a reminder of what we’re fighting for and what we believe like this Rush CPAC speech! TY for posting the whole thing!! There are multiple gems in there. Loved it!!
😭😭😥
Wow reading that sent chills up and down my back—I sure miss that guy.
Bass riff coming in loud and clear!
Chrissie Hynde was pretty ticked off when she found out that Rush used this song as his intro bumper, however she relented and explained why she did:
https://www.foxnews.com/entertainment/pretenders-chrissie-hynde-trump-rush-limbaugh-presidential-medal-freedom
Studio version, much cleaner. BTW, Hynde was going to file a cease – and – desist lawsuit against Rush for using the song but backed off. I couldn’t add that to my previous comment since the edit window expired.
Thanks for the memory.
Another of my favorites from Rush was when economists used the term “unexpectedly” to describe reports.
“Folks, when the so called and experts repeatedly miss their projections month after month, year after year, then what the hell is the definition of unexpected nowadays ? Shouldn’t we expect these idiots to be fired for so much unexpectedness?”
Ha-Ha! He’d be having way too much fun with all of this today. Miss him so much.
They will never be fired for their “unexpected” errors, but you can count on the opposite being true and take action based on the inverse of their “predictions.”
That’s really funny!!!! From a designer and a lover of geometry!
I’ve decided possibly two of the worst, most damning names one could call anyone else are “expert” or “Democrat”.
And maybe not in that order….
Or even together 😎
Now that really would be the worst.
Certainly would be oxymoronic. Emphasis on the last half of that word.
After Fauci, I have to nominate “scientist”.
$cienti$t.
Scienshitst.
My 1975 high school chemistry teacher, on day one, informed us, eager high school sophomores, about ‘experts’….
“X”—and ‘unknown’….
“Spurt”—‘under pressure’….
I was a junior that year. Our speedwriting teacher used to say “an expert is anyone who’s 30 miles from home”.
Oxy moron
There you go…
I remember the first time I was aware of Rush Limbaugh. He was on the cover of a national news magazine with the title: “The Mouth that Roared” 🙂
U.S. News and World Report 1993. Rush Limbaugh “The Mouth That Roars”. A One-Man Media Empire.
I think that the city of Rio Linda erected a shrine to Rush for putting them on the world map. Mega dittoes, Rush!
Had a Moonbat Aunt that actually lived in Rio Linda. I chuckled every time he mentioned the town
Rush was an icon, bringing unrivaled prescience and truth to life on a daily basis. At the same time he really was a lovable fuzz ball who I related to. A big loss, I miss him.
12-3… I was on the road most of the week and could seek Rush out by hook or by crook. I knew down pat signal for AM, FM not as bad. If it was a good segment, I’d pull over and listen, then trundle along… never called in tho.
He sure made the sales calls go faster so you get back in the car to listen and laugh, miss him big time.
I found the show by accident when I was in college. Unbeknownst to me the radio channel I had tuned into had gone from wall to wall coverage of Gulf War I to their regularly scheduled programming.
The person talking made a lot of sense to me. I wasn’t alone in the world or an anachronism. Then the song “Bomb, Bomb, Bomb Iraq” to the tune of “Barbara Ann” played. I laughed so hard I had to find a bench to sit on.
I tuned in regularly afterwards every afternoon when I could.
Later after I graduated, his show made windshield time tolerable. In the office, I had to keep it on the down low, lest I offend any snowflakes within earshot.
I miss the show and the insights provided.
The song parodies I especially miss.
This site is a wonderful clubhouse for misguided wrongthinkers like myself.(sarcasm)
It’s nice to know I’m still not alone.
Before she passed away my democrst, Rush hating mom was red pulled. Every one of my adult kids have been too.
So much of what Rush said over the years is still relevant today. If only someone could put together a “best of” Rush for the noon hour instead of those two boring who are theys.
And he received the Metal of Freedom from the World leader Trump
Finally a President taking a macroeconomic view, tariffs are key to success and hopefully tariffs will replace income tax. Abolish the IRS!
Our yearly deficit is $2 Trillion! One Trillion a year in interest payments.
1. Pass all $250 Billion in DOGE cuts.
2. Are DOGE Phase 2 cuts being identified? The goal was to cut $1 Trillion in waste, fraud, and abuse.
3. More cuts needed at State and elsewhere.
I promise to invest a portion of my tax savings 🙂
“It’s the economy stupid”
Kryptonite to the DC swamp!
Epstein, Musk are nothing but swamp chaff trying to stop the inbound MAGA bunker buster that is about to strike the swamp
You can run you swamp snakes but you will not be able to hide from the sunlight the MAGA bunker buster shines upon impact.
Praise the Lord for our President.
I am concerned that some president down the road reverses these tariffs. Recommend President Trump issue an EO that all tariff revenue flows to the SS Trust Fund. Yes, I realize this is 100% optical (there is no lockbox!)) and all federal funds are fungible. The Gov’t spends what it spends.
But boy it sure would make the politics of repealing tariffs awfully difficult. Cue the commercial of some future Uniparty candidate shoving grandma off the cliff!
Sundance said previously that the 10% baseline could never be reversed by democrats, because they’ll not only want/need the income, they’ll be addicted to it.
As “they” always say : it’s not a revenue problem; it’s a spending problem.
That happened with Biden keeping PDJT’s Chinese tariffs in place. And all of DC was silent.
PresTrump releasing the gators on those swamp critters.
President Donald J Trump and the return to the American System which we call the MAGA American system in honor and gratitude to PDJT and his MAGA admin
Thank you, Sundance!
It is always good to see something here with Peter Navarro!
The gains of MAGAnomics vastly offset the force of the Epstein kerfuffle, and are very encouraging.
Oh.. are you saying that faux news is accurately discussing MAGAnomics, of all things? Fancy that!
I don’t expect faux news will ever let up on their “kerfluffle” noise, however, as phase two lurks in the shadows of Muck world as we speak.
”Chaff and counter measures…”. 💯. The view is great from the Trump Train! 🚂💥🇺🇸💥🇺🇸💥🇺🇸💥🇺🇸
Waiting anxiously – for the over-educated genius Paul Krugman – to weigh-in.
Prices for everything here in maine are through the roof ,incredibly expensive
Were in Colorado and dont see much movement in food Auto and Heavy Equipment AG PArts. In fact the parts side keeps rising about 8-20% quarterly. What used to be middle class housing is now High End housing. 2000 Sq Ft home on an acre dont sell. Stagnant housing market. I Love my current president and still want to know what the F#$% happened with EPPIE. His Island and all the Elite who practice their sacrificial lifestyles.
Couldn’t care less about the dead pervert. Just keep talking about the tariffs, jobs, tax cuts, lower prices,…you get my drift!
Don’t care about him either. Do care about elected representatives that were his clients.
As one talk show host I listen to says, you can’t have the list without exposure of the victims. True their names could be redacted, but some weasel “journalist” could get around that. And anyone being prosecuted would have lawyers insisting on cross examination of the victims. Do we really want to put them through that?
Yes, thank Bidenflation; that’s why you have sky high prices. That will take time to balance out and come down on our end, especially in more isolated areas of the country.
Some items will be slightly more because of supply.
Oh well.
You’re right it is Biden crap administration, at least eggs are way down now !!
I bought Walmart jumbo eggs this morning for $3.32/dozen. At their highest they were cents from $6.00. Our gas is up .12/gallon after being at $2.77 for months. My coffee is almost $10/pound, don’t know if the tariff has kicked in yet. Doubt it. Not long ago it was $6.39/pound.
Remember about two months ago when Walmart announced they would increase prices?
Totally different where I am in Mid-Atlantic suburbia. Within a ten-mile radius of my home base are 7 major supermarkets, including Costco and Sams, three farmers markets and three neighborhood grocers. Add in the C-stores and there are tons of competitors. For three or four months I’m finding Oscar Mayer bacon at $3.99 a pound, or $3.99 for the 12-oz center cut package. Eggs are way down. There are countless BOGOs or even better on things like bread that reduce the end cost. Fresh vegetables even at farmers markets are not exorbitant. Beef is steady but starting to find more deals on chicken and pork.
In some cases, it looks like grocers are helping manufacturers unload warehoused items because the Best By Date seems closer than I remember. (I used to work in a grocery store as a teenager, and lots of things have stuck with me, even though we didn’t have UPCs at the time). Anyway, don’t mean to rub it in, but I’d guess things are improving at an uneven geographic pace.
The only prices that seem to be rising, are on beef. If I shop around, I can find decent prices but it takes effort
Stinking Mills government. isn’t helping instead trying to blame Trump , Mainers are fed up with her Ranked choice fraud.
I have noticed a few food type items now, that have higher prices in wally world, as they promised the consumer.
A few days ago, I posted a link off of Fox business…it had something to do with warehouses that come under the federal government…it seemed like these warehouses are a no man’s land for items that come off the ships but are not yet ‘delivered’ to stores….it seemed like a ‘tariff shelter’, as I read the article…
I referenced a carpet cleaner I purchased at wally world…the paper carton had a production date expiration of two years before I purchased it, which leads me to believe it sat in a similar warehouse, for longer than two years…AND…
Explains the ‘warranties’ offered when checking out and paying for many items…
They get us one way or another and coming and going…
I never buy those worthless so called “warranties”. You’ll find out just how worthless they are if you ever try to use one. I laugh when I see or hear ads touting them for ever more goods.
The magic words, mean time to failure.
Dollars to donuts, the warranty expires at that point at which the mean time is exceeded for nonrepairable components comprising that device or appliance.
And the clincher, is how many of those technically replaceable or repairable components will still have the parts readily available at that future date.
Lots of things factor in, labor and fuel being the two biggest.
East Tennessee here.
Huge drop in grocery prices for many items, not everything but it’s way better. Gas is down. Clothing prices are down. Lots of job openings. I’m grateful.
Negative here is Housing still sky high and there’s nothing available.
East Tennessee gas is $2.49
Well that’s great to hear. $4.25 a gallon in Richland Washington. Sucks.
You’re state is beautiful! I grew up in Northern CA so lots of family vacations up there.
Similar here in SoCal.
East Central Missouri $2.89.
As the illegal aliens get cleared out, I expect to see rents drop then home prices. Prices are driven by “spot prices” – if someone needs a home NOW they pay more and everyone thinks they’ll get that same price. Take 20,000,000 illegals out of the country and prices will go down.
I agree. I’m still waiting on ICE to come to SEVIER county, TN. I’m beginning to think it’s political bc we are a huge tourist county and full of illegal workers and their non-working relatives.
And you can bet those relatives are getting fat on government checks ( that Americans can’t get).
So I guess NGO’s, a/k/a taxpayers, were paying the rent for illegals?
In my county landlords will charge triple the rental rate making it unaffordable for locals. So they rent to an illegal family who moves in extra illegals and between all of them they can pay the huge rent. Landlord looks the other way bc they’re getting thousands extra a month rent and the illegals live 8 people in a 2 bedroom. The good landlords stay full bc you have no other options.
I noticed decades ago how illegals seemed to be the only ones who could get away with that crap.
A couple of years back before my mother passed away we were looking for an apartment for her. Everyone wanted prospective tenants to have income three times higher than the rent prices, which is impossible for ordinary working class folks. But it does give people on section 8 a thumb on the scale. It’s not fair, but it’s the way it is when government gets in the game.
You betcha!
Some still are, though they’re starting to run low on funds. Where my kids live in Colorado the lame brain governor is blocking the no tax on tips and overtime rule, and openly saying they can’t afford to give up the taxes because the “migrants” need it! God help us!
This should have been nipped in the bud decades ago. Now we’re having a lot of trouble reversing course. But we’re halfway over the falls, so it’ll be a miracle if we make it back.
What I am seeing is a bunch of BOGO on brands I don’t know…
Gas is 3.39 in SW burbs of the winded city.
Smart people are fleeing the Blue States. Even In N Out Burger is moving part of its office to Tennessee.
Walmart promised price increases and they are here….and one way is thru their own products and ‘shrinkflation’.
No kidding. If ice cream cretins get any smaller you’ll be able to carry them in your pocket.
“Pro-America economic policy, MAGAnomics, is like kryptonite to Washington DC.”
The so-called “experts” were not mistakenly wrong, they were intentionally wrong.
Thanks Sundance…you keep reminding me that we’re at war for the control of our country.
I’ll never, ever stop fighting!!
Because Wall Street in collusion of the worst elements/IC of the governments are a bunch of G—D-MN LIARS!!!!!
Wondering if only I’m experiencing notably higher prices at the food store?
They have jumped up unexpectedly since late June. Some prices are 20 to 33%higher. My better half was so shocked she called from the store to see if I had seen any news articles about rising prices. All I could find were articles about the higher inflation in June than in May. But only by a fraction of a percent.
I was shocked to see what we are paying for beef here in Florida.
Whatever it is, is the price higher than it was in June?
Agree, and where are the “plummeted oil prices”? Not here in S.W. FL, $3.20!
I’m in CO, north of Denver, and regular unleaded gas here is $2.39. Would love to see it go lower.
I remember as a boy getting a gallon of gas for the lawn mower and plunking down a quarter !
Yeah….but you probably only being paid a couple bucks to do a big lawn 😎
I remember DH going to the special gas pump in Port Charlotte for regular gas for lawn mower and it was extremely higher than the regular gas with the stuff added.
Started driving in 1971 – I remember $0.25/gal gas…
One night, driving my ‘64 Corvair…
In a rainstorm, coming back from FDU (Fairleigh Dickinson University in NJ – aka Fairly Ridiculous) my gas gauge was on ‘E’ –
My wallet was empty… stopped at a service station – the attendant came out (remember, it’s NJ) covered in a rain poncho – and I said, “could I have a quarter’s worth of gas?”
Without a word – filled my tank with 25 cents worth of gas, and took the quarter.
It was enough to get me home – but not enough to start the car next morning!
Anywhere near Greeley by chance?
I have been seeing about $3.09 for a number of weeks in Southern Maine.
And wait until the weather turns cold. God help us.
Same in MN. Even sale prices are only at normal prices of a few years ago.
Yes, I see that too.
I read somewhere in the news recently that beef prices are high now in the U.S. because of some sort of worm down in Mexico that bores into the cattle and can kill them, and so the U.S. government has put a quarantine on livestock/meat, most especially beef, from Mexico for now. Hence the higher prices.
We should be eating our own beef.
Not seeing increases here in CT. In fact, some things are coming down. If prices are going up, I would look to see where some of the items are made, i.e., those nations who are playing hard ball.
My Publix nearby here in Tucker Ga has NO bacon displayed for less then 9 bucks.
A lot of other stuff has gone down, but bacon is through the roof.
China owns the bacon (all the pork companies). 🤔
What’s that got to do with the price of tea in China?
Sorry. Couldn’t resist.
Private Equity bought the packing facilities, bundled them and sold to China. PE is a domestic threat.
I use the Publix app. Each week they load new items for the BOGO (Buy one get one free) and items for 2 for the price of one. I buy the items I use even if I don’t need them at the timeframe. I also review their digital Coupons and select those in My Account and should I buy the item, and give my phone number into the credit card machine before paying, it applies the coupon discount upon payment of groceries. I am now in the habit of doing this every week. I save a lot of money this way.
My Atlanta Publix allows customers to only buy one for the BOGO items, which makes the item half price. Florida, where I spend my summers and the state Publix was started, doesn’t allow this which means seniors (which have smaller appetites, less money) have to buy two items, whether they want to or not. Shame on Publix for screwing seniors in the state that successfully created them.
Beef and seafood are the most obvious things I’ve seen. Finding even “normal” ground beef under $6 a pound is an event! And steaks? The SALES on NY strips and Ribeyes are now $15+ a pound!
Pork and chicken are fine. I regularly find boneless chicken breasts under $4 a pound.
In season fruits and veggies are fine. Just paid a mere $2 for half dozen ears of corn, and $3 for a very nice large cantaloupe 😎
I HAVE noticed that there are fewer sales, though. Less item getting the BOGO treatment.
Ok. My wife told me that they were having spot sales in the store today. But today’s sale prices were last weeks’s normal prices.
Is the quality of produce going down? Doesn’t seem to matter where I shop there is a rotten potato in the bag, or tomato. Chips are less than half a bag of the shrunk size, I don’t even look anymore.
YES!! We have been experiencing the SAME problem, and it’s only been within the past year or less.
Allegedly “fresh” produce of all varieties (fruit and vegetables) is rotting within 5 days of purchase despite being refrigerated. Used to last up to two weeks in the refrigerator. Potatoes and onions – sold in plastic bags or “netting” from non-refrigerated displays – have some mold and rot not aways visible when bought.
I believe that food stores are buying imported produce (grown in South & Central America) and that artificial chemical sprays or washes are used to extend the life of its outward appearance, but its natural biological life hasn’t really been lengthened. We are frequently and unknowingly buying “old” produce at the supermarket. The store managers deny this profusely but I believe they have been lied to by corporate management.
I live in the SF Bay Area in the East Bay. NY steaks on sale days are $6.99-7.99/lb. You can buy frozen jumbo shrimp on sale days in the local grocery stores for $4.99/lb 13-15 count (which is really large shirimp). Chicken thighs, leg quarters, or legs will sell in the $1-2 range on sale and breasts are in the $2-3 range, so prices are affordable in this God forsaken state, don’t know why prices would be so high elsewhere,
For some reason large frozen shrimp have been on sale here in some stores for 4.99 lb. Buying that. We have also seen drumsticks and thighs for 1.99lb, but beef is out of control.
I wish I knew some farmer who had muskmelons for sale. I used to buy those years ago from the back of a pick up when I would be on the way to my mother’s and never had a bad one. It is hit and miss trying to get a good cantalope, mostly miss.
About sea food…Charleston restaurants were recently exposed for selling ‘local’ shrimp on their menus when it was determined that the shrimp was imported…
I am in williamstown mass and the grocery stores products haven’t really budged.
Some items have lowered but I haven’t noticed prices going up.
So CT and Mass reporting essentially no food price increases.
Gas down to $3.99 low octane at the cheapest gas stations in NorCal.
Yeah but every time gas prices drop here in Cal. Sacramento just adds on another tax to make up the difference. Really envying my Granddaughter and her fiancé moving to Texas.
Just for stuff and giggles, anyone know the price of gas in Huston and East Texas?
It all evens out. Their insurance prices are through the roof.
And they have gators, snakes and ginormous bugs.
Has Damien Von Hairgel’s gasoline tax increase kicked in yet?
Remember “California Joe” who used to post here telling us how tariffs were going to cause prices to increase dramatically as though the tariff amounts were going to be passed on to the American consumer?
I do. He and others refused to learn how tariffs against countries who have abused the USA really work.
You don’t buy high-end, imported retail goods, do you?
Strange as it may seem to you, no.
In fact, I think you have inadvertently generated a pretty good litmus test of a Main Street American.
“Are you a consumer of high end imported retail goods?” is right up there with “Are you a regular listener to NPR?”
I believe this is the same “poster” who said paying property taxes is “good for your health” when a few people had opined about the property tax gouge that’s going on which is a well known true fact for long time home owners like myself.
I am so hopeful that property taxes will decrease instead of climbing higher and higher each year now that ICE is continuing to round-up-and-move-out the illegals, with their anchor brats too. Costs for building and supplying schools and free lunches and hiring extra teachers for all of them should then decrease, and maybe the horrific “school tax” that’s been rammed into the whole property tax umbrella would begin to reflex this decrease. I say hopefully, because the school boards in my state would no doubt do their best to pad their own salaries with the difference, rather than pass the savings on to the property owners.
Yes, I remember. He also expressed “serious concern” when Israel ramped up their operations in Gaza against Hamas. The concern he had was about all the innocent Christians that was being killed by Israel that had immigrated from Europe to Gaza.
Well something’s driving prices up. At the end of the day we’re still paying more, more, more, so does it really make a difference for the average shopper?
The winning never gets old; even when influencers, Dems, RINOS, and the gullible keep pushing this Epstein “client list” BS. It doesn’t exist, move one. Doesn’t mean bad things were not done, it just means, he didn’t keep a ledger.
X is being swarmed with the economy is crashing bots and pushers. Sadly, I can’t post currently. Why? Because community notes was applied to some BS silly thing, to add context, when no explanation was needed. However, the CN did push a narrative. So because CN was deployed for such a stupid thing, I responded with, great since CN’s is so dedicated to truths, when are you going to start tagging Rep. Tim McBride’s posts where he refers to himself as a she, or a woman, with a CN that let’s people know that Tim is not woman, he’s a man who poses as a woman, who may also be mentally ill. I got banned for seven days, citing I was being mean.
Paul you are now my hero.
They banned me for suggesting “General” Milley be tried for treason and hanged if found guilty. Even after Musk took over they would not lift the ban unless I deleted the tweet which I refused to do on principle. It was much easier to start a new account with a different email.
This short video exposes the conservative side of the Imperial Outlook as compared to the American System Econimic commitment of Pres. Trump to restore our sovereignty.
Trump’s Second Term: The Heritage Foundation or the American System (Susan Kokinda and Brian Lantz) https://www.prometheanaction.com/trumps-second-term-the-heritage-foundation-or-the-american-system/
Trump has long favored the unique American System of Hamilton and Lincoln to create massive economic progress. Heritage favors the antagonistic British system which will trap him.
That’s an excellent recap of the real war President Trump is fighting – the war to break the USA free from control by the City of London bankers.
Topple the Crown, free the world! Someone on here says that but I don’t remember who.
Yes! Very true but a large majority of MAGA (and Americans in general) are completely unaware of this significantly critical dynamic.
Count me among the previously unaware. This was an eye-opener for me.
Our good friend, Maquis. I haven’t seen any postings from him lately.
Mercantilism. The Communist Party of China uses a variation of this policy.
By the end of July our gasoline prices should be below $3.00/gallon in the Philadelphia area. It already is in some towns. Prices are going down for consumers while weekly take home pay is creeping higher. President Trump is making the “promises made, promises kept” slogan come true again. Good job Mr. President.
I am located a bit above you (Lehigh Valley). Currently $2.67 to $3.14 per gallon here, according to the Gasbuddy price map.
Sundance still predicting a 5.0 GDP growth Q2?
Navarro touches on the historical fact that the IRS didn’t exist until 1913! Other than a brief period of federal taxation to finance the Civil War, NO American citizen ever paid income tax until until Woodrow Wilson screwed everything up by establishing the IRS to tax our citizenry and by lowering our tariffs… just what you would expect from a ‘progressive’, Ivy-League, former Princeton President!
The progressives were wrong then and they are even wronger now! Thank God Trump and Navarro are bringing sanity back to a system long ago corrupted by a string of globalist presidents determined to impoverish us!
As PDJT said…’Everything liberals touch turns to shyte’….As consistent as the sun coming up in the East.
When someone is so consistently wrong as the libs, they give us a roadmap for success. Listen to their advice and then do the opposite!
excellent:
more:
same interview:
USA Republic operated just fine pre FED and pre IRS….after that in 1913 these institutions run by the Vatican, Bank of London ,USA inc. have controlled monetary valuation/currency , since 1913, we got involved in WW1, Hitler, 1929 stock crash… The dissolution of the USA Inc. Oct 2024 has been the biggest non story since 1873. Bottom line- audit the FED, CIA, NASA…. quadrillions $ will be outed evidencing waste, fraud, and abuse, lies, hoaxes, Ponzi schemes, astronaut murders, $ laundering, all the Mafia style graft
Are you Don Muraco, the pro wrestling “Beach Bum”?
yes this is me making short work of Nikita Khrushev.
That looks like Lou Ferrigno.
It does but it is the Magnificent Muraco.
There’s a classic! Muraco applying a version of Baron Von Raschke’s signature hold on him.
Got a dumb question……Example say if at grocery store coffee price is up 50 cents for the first 6 months. Last year coffee price was up a dollar same period. The rate of inflation is down even though the price is still going up. …serious question…..am I on the right track so far? Retail sales are up correct? Does that take into account that prices went up 50 cents? Would it be correct that the store may show sales are up but they are still selling the same amount of coffee or slightly less? In other words it sounds good to say retail sales up but the overall picture may not be so rosy? Like I said I may have this all wrong… if I do explain the part I am missing….I am not totally awake yet.
Look for diff info.
They pull that month over month then year over year bullshit to mask prices increasing.
If it isn’t negative all prices havent decreased.
If you can check by product that would be better
Revenge is a dish best served hot, hot, hot.
Dr Navarro certainly looks like a very happy server.
Giving the country away since 1946. Enough.
And way before!
The Federal Reserve Bank of Atlanta GDP model is predicting a 2.4% 2Q GDP for 2025.
Final Friday in July for the reveal!
Navarro is a rare bird.
Just as an FYI, my progressive left relatives not only deny that substantial economic progress is now being made, they have also rewritten the history of Donald Trump’s entire first term to claim that it was an unmitigated economic and environmental disaster from beginning to end.
For example, as it concerns the economy, they claim that by the summer of 2019, GDP was falling, unemployment was rising, the US was on the verge of a serious recession if not a catastrophic depression, the rate of inflation was increasing dramatically, and that pay and compensation for blue collar workers was declining.
In their opinion as true blue Democrats, by the summer of 2024, Joe Biden had solved all of these problems and could have been easily reelected had he been allowed to seek a second term.
These people believe that Joe Biden’s performance as president was superior to that of Donald Trump’s by every measure of performance, and that the Democratic Party made a huge mistake in the summer of 2024 by replacing Biden with Harris and by not communicating “Joe Biden’s numerous major accomplishments as President” to the nation’s voters.
You can’t fix stupid.
They aren’t stupid per se. But they’ve been raised as true blue Democrats from their youngest days and nothing they see, or hear, or experience in their own lives can convince them to change their minds.
Battleship….In my circle, it’s teachers union mentality, and. It’s NEVER going to change.
I think you should find a nice sanitarium for your relatives.
They think the same thing about me — when they aren’t telling me I need to take a basic course in economics.
I have a sister, and two daughters in law that believe those things too. It’s sad, really.
Talk about viewing things completely bass ackwards.
hate to tell ya, prices are not dropping nearly as fast as they went up
Of course. Perhaps much of the products being sold in stores right now were sourced LAST YEAR under the Biden Administration under their inflationary prices?
Crops being sold TODAY had to have their seeds, fertilizer, machinery, and other products purchased LAST YEAR.
The price of fuel to get products to market are cheaper TODAY which helps in lowering prices TODAY but a lot of the reason why prices haven’t fallen back to super affordable levels is because the Ghost of Biden is still punishing us.
PLUS, add in bringing in 20 MILLION people in to the USA market and that increases demand for food, medicine, housing, fuel, clothing and all other consumer goods. Increased demand means higher prices. We have Joe Biden to thank for that.
Bi dung.
Heck no.
I’m not sure where prices are dropping, I’m not seeing it. Eggs are only down slightly and gas prices in my area (thank you PA gas tax) are still averaging $3.59/gallon.
At my local station gas was $2.35 when the previous administration took over. It’s $3.59 here as well, and I doubt it will ever go down much. Other prices haven’t dropped noticeably either except for a very few things like eggs.
My location (Lehigh Valley) the price spread for regular is $2.67 to $3.14, according to the Gasbuddy price map.
Out here in the real world we aren’t noticing price drops. Anyone else? I trust our President, his advisors… not so much. I want to believe prices are going down, but, at the moment, I’ll reserve judgement and wait, in hope!!
It’s slowing the intended insane price increases Biden was supposed to leave us.
Do we get that?
Inflation percent positive equals price increase. A slower inflation rate than the previous year means prices still up but not increasing as fast as previous month.
Which is good when the inflation bomb was bart of the plan to hurt us by Bidens admin
I fail to see how it’s “good” when we’re still able to buy less and less every month.
This is threatening not just a way of doing business…but really what it’s threatening is their livelihoods, threatening their jobs, it’s threatening the way that they do things. And every time that that happens whether it’s a government or a way of doing business or whatever it is, the people who are holding the reins, their hands on the switch, they go bat [guano] crazy.
From the movie Moneyball.
Moneyball Job Offer
Powell based his No each time on inflation predictions.
We got months of proof tarrifs didn’t raise inflation
He is fcked. September he will lower rate.
Unless he has been arrested (I know, wishful thinking)
He’s a partisan hack, and he will get what’s coming to him soon enough.
Calling BS on anyone here saying prices are “way down”.
Prices are still reasonably high across the board.
And yes – the individual who boldy proclaimed “starting on day one, we will end inflation and make America affordable again, to bring down the prices of all goods” gets some of the blame, too. We are firmly in month 7.
Something interesting is that retail sales are up even though population declined. And if prices are holding and some prices going down, that means a lot more volume sold to get an increase in sales dollars.
There are at least 1 million plus who have self-deported and then there are the 300,000 or so that ICE rounded up and deported. And then the snowbird Canadians who have gone home for the summer season. Yeah, not Giant Sucking Sound numbers, but still, they have an effect.
I dunno. Maybe a bit of pent-up demand coming out because prices are down a bit?
Anyhow, there are some negative underlying factors that affect retail sales and that only makes the increase a bit more impressive.
Now, as always: “There are lies, damned lies, and statistics.” 🤡 Study carefully how each statistic is calculated – and be aware also that the calculations can change for political reasons. So, as you evaluate each number, look behind the number.
Sales figures are being inflated inpart by higher prices on goods. Last month’s inflation number was the highest since Februrary. Also some buyers could be trying to beat future price hikes. On August 1st Trumps big tariffs kick in. For example 50% on Brazil (stock up on coffee)!
Prices are not going down where I live.
“Funny thing about tariffs” is that every country imposes them. They are a fundamental part of all international trade. It is basically an “import/export tax,” particularly designed to prevent “dumping.”
Our problem has been that we didn’t impose them [equitably …] – we just paid them. That “table of reciprocal tariffs” that Trump was holding in his hands represented 50% of the tariffs that we were then paying. You saw that some of the numbers were quite large. The other parties, of course, were delighted at this one-sided situation which benefited them. But, we were leaving money on the table. Trump finally put a stop to it.
From an accounting viewpoint, tariffs simply cause a change to “cost of goods sold (COGS).”
https://www.foxbusiness.com/politics/trump-tariffs-spark-surge-bonded-warehouse-use-importers
This seems to be a ‘government work around’ (for most favored trade partners/s) for pricing and relating it to tariffs and how importers circumvent paying them.
The reality of all of this is that our own government (elected and unelected) has been slowly and steadily working to destroy the American way of life for at least two full generations. All of this was 100% intentional, not stupid clowns screwing stuff up. It was done on purpose.
Trump is showing how easily all of this can be undone. The WSJ crowd, which includes Fox News and nearly all the GOP, must hate this man more than we can even imagine. They are counting the days until Jan 2029.
It’s a good thing Trump knows history, Trump knew tariffs would work, it funded our young country and worked. History tends to repeat itself, this was “epic” history to repeat. God bless the Trump family.
I miss the EIB “Caller Abortion”. By far the best trolling ever!!
Anyone watch Trump’s Cryptocurrency Bill signing ceremony? You can almost see Jerome Powell’s essence slowly but steadily evaporating into the aether…those damn serfs have gone and done it AGAIN…
Good on this truth teller! Peter Navarro is admirable to put himself in jeopardy to maintain his integrity.
He went to jail in defense of his belief in his principles and President Trump.
This is what heroism looks like. Make no mistake about this fierce wolverine.
He earned his reputation the hard way.
In East Cleveland suburbia – Food prices slowly dropping, gas is schizophrenic, up and down. There are A Lot of 18 wheelers on the highways of Ohio and the truckers seem to be full steam ahead.
Frankly, I don’t expect prices to drop any substantial amount but rather stabilize. As wages go up and taxes go down those stabilized prices will be lower, in effect. Interest rates are a direct cause of prices continuing to go up because every business must borrow money, in particular, seasonal farming and manufacturers of seasonal goods.
Ron Vara has spoken….Lol.
Who?
How soon until PT announces the elimination of the IRS or at least taxes on Americans making less than 300K?
Then when does he press to end the Fed?
Additionally, other countries will see growth in US consumer spending and be desperate to get in on that. Improving Trump’s already-strong position on tariff reciprocity.
This is why I voted for Trump.
Peter Navarro is a true patriot.
Amazon Prime Days sold $24 billion in merchandise and blew away prior year’s numbers! My wife was buying everything including new plumbing fixtures for the bathrooms. Oh boy! 🫣
Sundance nailed it:
Everything else, Epstein, Musk, etc. is chaff and countermeasures deployed by both Democrats and Republicans in an effort to take back control of the money flow.