Economic News

[superrific]

Do you think that fact may give SCOTUS less a willingness to take up Trump's emergency appeal ?

I can see the Trumpers on the court finding "due process" as wiggle room to appease Trump. I was thinking that, absent Alito and Thomas, there may one or two Trump appeasers who will say hearing this case based upon an outright lie is a bridge too far.

1. It will give them less willingness. But that could take their willingness from 100 to 70%, if you know what I mean.
2. They've heard multiple cases in the past few years based on outright lies and they haven't cared about that.
3. It is an outright lie that the constitution ever embodied a principle of criminal immunity for the president, but that didn't stop them.

The bigger factor for them, I think, is that they have stock portfolios. They don't give a fuck about the NLRB because that doesn't affect them at all (except some of them have a tremendous hostility to unions for some reason). That's why they created the bespoke federal reserve exception in the first place.

Sometimes the court tries to pick a case that they don't care about much, rule in a way that seems surprisingly liberal, and then attempts to use that to cover their asses on their pro-fascist holdings. This usually happens like the second to last week of the term, but given all the activity over the summer, it might happen now. And then they will go back to eviscerating democracy while asking us to have respect for their lawlessness.

 

[heelinhell]

“…For those in the bottom 80% of the income distribution, those making less than approximately $175,000 a year – their spending has simply kept pace with inflation since the pandemic. The 20% of households that make more have done much better, and those in the top 3.3% of the distribution have done much, much, much better. The data also show that the U.S. economy is being largely powered by the well-to-do. As long as they keep spending, the economy should avoid recession, but if they turn more cautious, for whatever reason, the economy has a big problem.”

"The 20% of households that make more have done much better, and those in the top 3.3% of the distribution have done much, much, much better."

Wait a minute ... based upon the policies that GQPers have been promoting for the last 45 years, I thought the problem they were trying to solve was that the, poor, working class, and middle class families have too much and the rich have too little.

If these data are accurate, then maybe these GQPer policies should be re-examined by the GQP ? Or maybe these policies have corrected the problem and finally the rich are finally beginning to catch up with the rest of the country.