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Catherine Rampell
@crampell
, 4 tweets, 2 min read Read on Twitter
So it turns out the op-ed that got Stephen Moore his Fed nomination is based on two major falsehoods. washingtonpost.com/opinions/2019/…
Incorrect claim #1: we’re experiencing deflation. Not according to CPI, PCE, or core PCE, the main measures of economy-wide price changes. washingtonpost.com/opinions/2019/…
Incorrect claim #2: We should just do what Paul Volcker did, which was link interest rates to commodity prices.
...Except according to Volcker, he never, umm, did that.
washingtonpost.com/opinions/2019/…
That said, this is my favorite alternative explanation so far of the real Volcker Rule (lifted from Instagram comments) instagram.com/p/BvX8sxNgP_V/… #VolckerRuleTruther
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Catherine Rampell
@crampell
Trump reportedly wants to put Stephen Moore on the Fed, which Moore says should loosen monetary policy because the Fed policy is causing "deflation." We do NOT actually have deflation right now.
Funnily enough, when we DID have deflation -- during the depths of the financial crisis -- he argued for tighter monetary policy, suggesting that the Fed was about to stoke hyperinflation.
Of course, a Democrat was in the White House then. foxnews.com/story/glenn-be…
When pressed about what "deflation" he sees right now, Moore points to commodity prices (including soybeans, whose prices plummeted because China stopped buying them thanks to the trade war).
Read 7 tweets
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Catherine Rampell
@crampell
Gary Cohn says he tried to explain to Trump that there are many more people employed installing solar panels than there are working in the coal industry. The lesson didn't take. freakonomics.com/podcast/cohn/
A fair amount of sh*t-talking of Navarro too in this interview
Cohn also says "the U.S. is desperate right now for an agreement" with China because Trump "needs a win."
Read 3 tweets
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Catherine Rampell
@crampell
On @NewDay, Stephen Moore - who suggested low interest rates were going to result in hyperinflation during the financial crisis - claimed that the Fed must keep rates low today, during a “boom,” because we’re experiencing “deflation.” I have...no idea what he’s talking about.
Deflation means prices are going *down.* They are not. Inflation is modest, but it is not negative by any measure. Here’s core PCE (Fed’s preferred inflation measure), % change year-over-year.
Here’s the consumer price index, both overall and excluding food/energy
Read 4 tweets

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Hugh Hewitt
@hughhewitt
Great summary, but by no means clear declaration of emergency at border would be struck down. Preferable to have a deal, a big one. Ds are missing opportunity to address all the undocumented and Rs the opportunity for real border security/immigration reform.
Some in Administration favor this. Others just want to get out of a jam. But “going big” is only path other than surrender by Ds or Rs. washingtonpost.com/opinions/2019/… Name the drafters: 6 senators, 6 representatives and @VP, Jared K, Dir. Mulvaney and draft something big.
The Homestead Act of 1862, for goodness sake, was less than 1500 words and set in motion 1.6 million individual claims on land, nearly ten percent of all government held property, for a total of 420,000 square miles of territory. There have got to be a dozen legislators on Hill.
Read 5 tweets
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Alamo_on_the_rise
@AlamoOnTheRise
Trump: Day 696
-Under *17* Different Investigations
-Russia Targeted African-Americans
-Flynn's Business Partner Indicted
-Offers Farmers Extra $4.9B in Relief
-Student Loan Debt Reaches $1.47T
-Dow Plummets Another 507 Points
-Awarded "Golden Idiot" by Germans
Add...
Day 801 since Donald Trump admitted to sexual assault — yet he’s still in the Oval Office
Add...
Day 652 of NO EVIDENCE produced by Trump that his phones were tapped by Obama.

The FISA warrant Trump referenced targeted Carter Page. #TrumpLies
Read 77 tweets
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Grave Robert
@mcnees
1) it wasn’t written by him,
2) it’s grossly untrue and misleading,
3) it’s a political ad presented without rebuttal just weeks before the midterms.
@USATODAY should be ashamed.
As far as I can tell, @USATODAY doesn't have an ombudsperson or public editor to contact. But you can use the "Submit Clarifications" link on this page to point out how problematic it is for them to publish this piece.
usatoday.com/contactus/
You can also use the email address listed on their "Corrections & Clarifications" page. Although, since that page lists the current month as "Octoberer 2018," I'm not hopeful.
usatoday.com/story/news/201…
Read 9 tweets
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Russ @ www.AltGov2.org
@thememoryhole2
Good God. Everyone in the West Wing has signed non-disclosure agreements.

Conway just flat-out admitted what we've suspected since day one. An unreal and unprecedented attack on transparency.

politico.com/story/2018/08/…
The existence of these insane NDAs was reported by WashPost in March, but the story was based on one unnamed source:

washingtonpost.com/opinions/trump…

Now we have direct confirmation from one of Trump's closest advisers.
Ruth Marcus of WaPo saw a draft version of the agreement. It levies fines of $10 million, and it lasts in perpetuity.

washingtonpost.com/opinions/trump…
.
Read 3 tweets
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The_War_Economy
@The_War_Economy
(1) A Conspiracy On QAnon: October 28, 2017.
(2) DISCLAIMER: I do not believe in this at all. But I am fully aware that some of my followers read the posts. And who doesn't like a good conspiracy?
(3) On October 28, 2017, QAnon appeared on the image board 4chan and left a message. At the name, QAnon's name was the same as everybody else on the board - Anonymous.
Read 144 tweets
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T. R. Ramachandran
@yottapoint
1) Did any Trump transition officials ask Michael Flynn to lie about the content of his Kislyak calls, and if so, what was their motivation? This is a key Q Mueller seems to be trying to answer. Link: electionado.com/canvas/1512316…
2) I’m going to dive a little bit into this important issue raised by @rgoodlaw – using Flynn’s plea deal & the timing of events in Dec 2016 & Jan 2017
3) Let’s start with a note about Flynn’s legal jeopardy: prior to his plea deal, he faced potential jeopardy on a variety of fronts - Russia, Kislyak, Turkey, and more
Read 63 tweets

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