04/12/2017

Goodwin: Trump Won't Definitively Say He Still Backs Bannon

Michael Goodwin, New York Post

Washington’s rumor mill is working overtime on the fate of aide Steve Bannon, who is said to be at the center of the rampant White House in-fighting. When I asked the President Tuesday afternoon if he still has confidence in Bannon, who took over the campaign in mid-August, I did not get a definitive yes.

“I like Steve, but you have to remember he was not involved in my campaign until very late,” Trump said. “I had already beaten all the senators and all the governors, and I didn’t know Steve. I’m my own strategist and it wasn’t like I was going to change strategies because I was facing crooked Hillary.”

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Keynesian Economics and the Great Depression

Hillsdale College economics professor Gary Wolfram discusses Keynesian economics and the factors that pulled the national economy out of the Great Depression. The story of World War II shows that government spending may produce activity, but not the prosperity of a truly healthy economy.

 

-- Gary Wolfram, Hillsdale College,

Shadow Stats Snapshot


ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    BLS: 4.5%
    Shadow Stats: 22.5%
  • Inflation:
    March Year-to-Year: 2.74% (CPI-U*)
    Shadow Stats: 10.5%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]