Economy

Santa Trump’s Christmas economy cheer

I hate to be the bearer of good news, but the US economy is doing quite well. A delayed government report shows that third-quarter GDP grew at 4.3 percent, hardly a record, but still healthy, the highest growth rate in two years. Last week’s inflation report showed a lower-than-expected number, and wage growth is exceeding inflation. Consumer spending is up, and, yes, the stock market is booming. Happy days are here again. The sky above is clear again. Many accounts on my X feed, which are either run by Democratic partisans or Iranian trolls or both, say that food-pantry lines are reaching record numbers this holiday season, and that poverty

Trump

The ‘affordability’ delusion

During last week’s excruciating Oval Office make-nice between an insultingly buddy-buddy American President and a fraudulently obsequious New York City mayor-elect, the contest was over which pol was the more patronizing. At one point Trump graciously granted his petitioner permission to call him a “fascist” while clearly implying the guy’s OTT campaign rhetoric had been embarrassing. Donald Trump sat regally on his throne, patting Zohran Mamdani’s arm while commending “Attaboy!” as if petting a golden retriever that had fetched a ball. For his part, Mamdani stood mutely by the Resolute desk with cartoonish humility, hands over crotch. This cowed performance of beta-male submission was meant to disguise who’d got a

Affordability