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How is the Economy Doing Right Now?

Akita Suggagaki

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Trump says it's 'not possible' for the U.S. to pay for Medicaid, Medicare and day care: 'We’re fighting wars'

Trump urged states to fund benefits programs instead because "we have to take care of one thing: military protection."

The Easter luncheon where the president made these remarks was not open to the press, but the White House posted the video of Trump’s remarks on its YouTube page — as it usually does with open press events — and then deleted it.

President Donald Trump on Wednesday said it’s “not possible” for the federal government to fund Medicare, Medicaid and child care costs, arguing that it should be up to the states to “take care” of those programs while the federal government focuses on military spending.
We are trying to build golden ballrooms also.
 
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essentialsaltes

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US inflation rose to 3.8% in April, eroding Americans’ paychecks

For the first time in three years, Americans’ wages are no longer outpacing inflation

Annual inflation-adjusted average hourly wage growth went negative for the first time since April 2023.

Paychecks grew 3.6% from April of last year, on average; prices rose 3.8%.

“Consumers were already under pressure; we’ve seen a softening in the labor market,” Augustine Faucher, senior vice president and chief economist at the PNC Financial Services Group, told CNN.
 
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Pommer

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Video posted sharing her recent grocery shopping trip.
USAians forget the ancillary effects of launching a (preemptive) war; this is people “remembering“.
 
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camille70

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Some of Texas’s oldest barbecue joints close as meat prices skyrocket

Even the state’s most celebrated restaurants are struggling to remain open as costs climb, with no relief in sight




__________

Wind turbines are saving the ranchers who vote against them




Is there a black hat?

This worsening outlook for BBQ restaurants raises the question: Is there human agency behind the crisis? Or is it just a product of bad luck? The answer is a combination. Droughts are a natural phenomenon. However, climatologists are almost unanimous in the conclusion that they are made worse by human-caused climate change.

Trump’s financial policies (particularly tariffs) have made imports more expensive. The administration’s PR people can spin it anyway they want. But if you add a cost to something, someone has to pay it. An analysis by the Council on Foreign Relations shows that 55% of the cost of tariffs is borne by the consumer

In addition, Trump’s Iran War has made everything more costly to transport. The closing of the Strait of Hormuz has led to diesel prices jumping by $2.00 in three months

The increasing demand for housing as Texas attracts new residents has made it profitable for ranchers to sell their acreage. Raw land prices in the state have increased 60% since 2020 Meat packers have had to contend with immigration policies that could affect 50% of their workforce.

A ray of hope

Yet amid all this, one unexpected source of stability has emerged for many ranchers. Ironically, despite Texas being a Republican State and the current administration being hostile to alternative energy, ranchers do have one safety net. Solar farms and wind turbines. Energy companies in Texas typically pay landowners between $300 and $2,000 per acre annually for solar farms and $3,000 to $8,000 per turbine annually (or 2% to 8% of gross revenue).

There are currently 19,000 wind turbines in Texas. At an average of $5,500 per turbine, that represents an annual $104 million windfall to the owners of open land. The better news is that, as wind turbines have a tiny footprint, ranchers can still use their land to raise cattle.

Sometimes you can have your steak and eat it.
 
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Say it aint so

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Some of Texas’s oldest barbecue joints close as meat prices skyrocket

Even the state’s most celebrated restaurants are struggling to remain open as costs climb, with no relief in sight




__________

Wind turbines are saving the ranchers who vote against them




Is there a black hat?

This worsening outlook for BBQ restaurants raises the question: Is there human agency behind the crisis? Or is it just a product of bad luck? The answer is a combination. Droughts are a natural phenomenon. However, climatologists are almost unanimous in the conclusion that they are made worse by human-caused climate change.

Trump’s financial policies (particularly tariffs) have made imports more expensive. The administration’s PR people can spin it anyway they want. But if you add a cost to something, someone has to pay it. An analysis by the Council on Foreign Relations shows that 55% of the cost of tariffs is borne by the consumer

In addition, Trump’s Iran War has made everything more costly to transport. The closing of the Strait of Hormuz has led to diesel prices jumping by $2.00 in three months

The increasing demand for housing as Texas attracts new residents has made it profitable for ranchers to sell their acreage. Raw land prices in the state have increased 60% since 2020 Meat packers have had to contend with immigration policies that could affect 50% of their workforce.

A ray of hope

Yet amid all this, one unexpected source of stability has emerged for many ranchers. Ironically, despite Texas being a Republican State and the current administration being hostile to alternative energy, ranchers do have one safety net. Solar farms and wind turbines. Energy companies in Texas typically pay landowners between $300 and $2,000 per acre annually for solar farms and $3,000 to $8,000 per turbine annually (or 2% to 8% of gross revenue).

There are currently 19,000 wind turbines in Texas. At an average of $5,500 per turbine, that represents an annual $104 million windfall to the owners of open land. The better news is that, as wind turbines have a tiny footprint, ranchers can still use their land to raise cattle.

Sometimes you can have your steak and eat it.
A continuation:
  • Texas barbecue restaurants are facing widespread closures or imminent financial distress due to rapidly escalating beef prices, with many owners describing themselves as being in “survival mode” for the past year.
  • The average retail price for beef, crucial for brisket, reached a record $9.64 per pound in April, marking a 13 per cent increase from the previous year, forcing establishments like Kirby's BBQ to close and others to raise prices significantly.
  • Industry experts attribute the soaring costs to a combination of factors, including general inflation, tariffs imposed by the Donald Trump administration, the smallest U.S. cattle herd in 75 years due to drought, and increased operating expenses post-pandemic.
  • Many barbecue joint owners and industry figures accuse a handful of large meatpacking corporations, which control over 85 per cent of the market, of manipulating prices, prompting state and federal regulators to launch investigations into their conduct.
  • The current administration is reportedly divided on how to address the rising beef prices, having delayed plans to announce a temporary reduction in import tariffs on meat to allow for further discussions.
1779814927980.png


Note the last line. They don't know what to do, so they don't act.
 
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iluvatar5150

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A ray of hope

Yet amid all this, one unexpected source of stability has emerged for many ranchers. Ironically, despite Texas being a Republican State and the current administration being hostile to alternative energy, ranchers do have one safety net. Solar farms and wind turbines. Energy companies in Texas typically pay landowners between $300 and $2,000 per acre annually for solar farms and $3,000 to $8,000 per turbine annually (or 2% to 8% of gross revenue).

There are currently 19,000 wind turbines in Texas. At an average of $5,500 per turbine, that represents an annual $104 million windfall to the owners of open land. The better news is that, as wind turbines have a tiny footprint, ranchers can still use their land to raise cattle.

Sometimes you can have your steak and eat it.
For some reason, farm NIMBYism irritates me more than a lot of other NIMBYisms. It's wild to me how so many of them can struggle to break even, while simultaneously balking at somebody leasing out their land to a solar company for 10x+ the amount of money per acre that farming was bringing in.
 
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wing2000

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Annette Dombrowksi, a 64-year-old janitor at the same factory as Cirino, also voted for Trump. But she was starting to worry.

“You could be paying these prices for a while,” she said quietly.

54 percent of White voters without a college degree disapproved of Trump’s performance in a CBS News poll this month, up from 32 percent in February 2025 and 45 percent in February of this year.

 
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camille70

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The Commerce Department revealed on Thursday that inflation increased to 3.8% in April, the highest it has been since May 2023. The latest bad economic news follows a performance by President Donald Trump during a Cabinet meeting on Wednesday where he repeatedly downplayed how Americans are hurting under his presidency.

The rate of inflation was up from the 3.5% measured in March and was attributed to increased costs for staples like gas, groceries, electricity, and clothing.

For context, when Trump was sworn into office in January 2025, the inflation rate was 2.6% and had been declining over the last two years of President Joe Biden’s time in office.
 
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wing2000

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The Commerce Department revealed on Thursday that inflation increased to 3.8% in April, the highest it has been since May 2023. The latest bad economic news follows a performance by President Donald Trump during a Cabinet meeting on Wednesday where he repeatedly downplayed how Americans are hurting under his presidency.

The rate of inflation was up from the 3.5% measured in March and was attributed to increased costs for staples like gas, groceries, electricity, and clothing.

For context, when Trump was sworn into office in January 2025, the inflation rate was 2.6% and had been declining over the last two years of President Joe Biden’s time in office.

....all of which are directly related to the actions of Donald J. Trump: Tariffs & War...neither of which were approved by the Congress.
 
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