In Newsweek the pundit claims that “double-digit inflation is back”: “The way inflation is calculated by the Bureau of Labor Statistics has been ‘improved’ 24 times since 1978. If the old methods were still used, the CPI would actually be 10 percent.” If Ferguson is right about inflation, it leaves two possibilities. Either our statistics on the size of the economy in current-dollar terms–which ought to be easier to compile than any numbers on inflation–are hopelessly flawed. Or the real (that is, inflation-adjusted) size of the economy is shrinking rapidly. Instead of 1.8 percent real growth, in the last few months we’ve been going through something more like 7 percent real shrinkage. (Nominal growth, remember, has to equal inflation plus real growth.) Is that even remotely plausible? Does Ferguson believe this rate of shrinkage is compatible with even the modest job increases we’ve seen? Or does he doubt the unemployment stats too?
Karen Pence is a believing Christian woman. She took a part-time job at a private Christian school. And this, believe it or not, is a scandal. Don’t believe me? Her job has already merited not just one, but two critical Washington Post stories. There’s the obligatory CNN report, accompanied by a piece of ... Read More
BuzzFeed News has tonight printed perhaps the most damaging claim against Donald Trump yet, a claim that, if true (a very big "if"), produces evidence against the president that is remarkably similar to evidence used to support articles of impeachment against Bill Clinton and Richard Nixon. And while there are ... Read More
She's not holding back. Read More
Whatever the significance of the BuzzFeed story, it’s not that Trump is getting impeached. That was going to happen regardless. If the BuzzFeed story is true (and everyone should be cautious about that given the fate of some past Trump-Mueller bombshells) it tells us what one of the impeachment counts will be, ... Read More
A ruling issued tonight by the Fifth Circuit Court of Appeals has torpedoed several of the abortion-rights movement’s key talking points in defense of Planned Parenthood. The case dealt with the Texas Health and Human Services Commission’s decision to terminate the state’s Medicaid provider agreements ... Read More
In a statement on the Senate floor yesterday, Mazie Hirono (D., Hawaii) doubled down on her attacks against the Catholic group the Knights of Columbus and accused her colleague Senator Ben Sasse (R., Neb.) of “embrac[ing] the alt-right position” by offering a resolution rebuking the use of unconstitutional ... Read More