(((Alan Tonelson)))
@AlanTonelson
Founder of RealityChek - a blog covering economics, national security, tech, & their intersections. Also checking in regularly on the general human condition.
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Someone who doesn't know - or doesn't want you to know - that after 8 years of Obama, nearly 2/3 of the working-class vote went to Trump. At least according to those notorious Trump-ers at @BrookingsInst:
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In today's Fed minutes, the staff reported that US "Manufacturing activity expanded at a solid pace...." But how can that be, since experts have been saying for nearly 2 years that Trump's tariffs would decimate domestic industry? (FOMC members were silent on manufacturing.)
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A China semiconductor manufacturer blacklisted - by the Biden DoD - for being a Chinese military company is now suing the Trump Pentagon demanding the decision be overturned. Waiting for some Trump-ly Deranged judge to comply.
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More evidence of tariffs working: "Global drugmakers have been ramping up U.S. manufacturing since last year & stockpiling inventory as [Trump 2.0] moves to impose 100% tariffs on branded drugs unless companies cut prices or make medicines domestically." Lilly's the latest.
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Especially interesting here: Even in some of the tech center provinces leading China's growth, consumer demand is only inching up.
