Can China attain high-income status on manufacturing alone?
👉Factful Friday 24 May 2024
🔗 linkedin.com/posts/richard-… cc: IMD Adam Posen Peterson Institute Alan Beattie Soumaya Keynes Shawn Donnan Sam Lowe Sarah O'Connor Simon Lester Dmitry Grozoubinski Simon J. Evenett Geneva Trade Platform

House Republicans are gearing up to attack CBO before a Republican-only reconciliation next year.

They don't like the nonpartisan estimates. politico.com/newsletters/in…

Emulating Third Reich imagery and values is sick. And that is what the core Maga Trumpies are doing.
Important from Greg Sargent
newrepublic.com/article/181843…

Instead, David Leonhardt, you used this juxtaposition, which is frankly rhetorically shifty. It implies w/o stating forthrightly that the parole programs led to more efforts to cross the border. A real effort to inform readers would engage w/the goals and true impact of parole. 2/

🧵 The problem with many compounded versions of GLP-1s is they’re a ‘salt’ formulation of the drug and this is likely to be more soluble and not provide the extended release of the weekly, brand versions. So they won’t deliver the expected benefit. 1/3

Smart, timely, beautifully presented migrant policy piece today in Washington Post—

'How America tried and failed to stay White' by Eduardo Porter for @postopinions 💯

washingtonpost.com/opinions/inter…

Here’s the case for applying the fascism concept to Trump/Trumpism: Trump has a fascistic way of describing the problem – and offers a fascistic solution. According to the Trumpists, the country is in decline, threatened by “diseased” outsiders and the “leftist” enemy within. 8/

The idea that leftist forces are laying siege to America and have taken over most major institutions, that a “counter-revolution” is needed to save the nation, forms the core of rightwing political identity and the permission structure that governs conservative politics. 14/

Trump is not using violence systematically? Well, all strands of the Right – Republican elected officials, the media machine, the reactionary intellectual sphere, the conservative base – are openly and aggressively embracing rightwing vigilante violence. 16/

Secondly, the recent trajectory of established institutions like Claremont and Heritage is among the clearest indications we have of how much the power centers of conservative politics have radicalized, how much a lust for counter-revolution has come to define today’s Right. 19/

Peterson Institute for International Economics President Adam Posen expects an 'unsustainable boom' after the US presidential election and because of that the Federal Reserve will have to start raising rates trib.al/rYM5MOB

This x100 Gary Winslett 🌐🇺🇸 for anyone who makes such proposals should be called out as hurting US voters
Of course, then Biden could substantially reduce inflation (improve purchasing power) by removing the tariffs already in place, as Mary Lovely 🇺🇦 Kimberly Clausing point out, but Trump

Your total tax burden would probably go up under Trump. Yes, up.
Catherine Rampell The Washington Post
Telling the truth to US voters.
washingtonpost.com/opinions/2024/…

In fact #Fed 's #Waller continued to argue that recent data -- including tiny changes downward in a couple of numbers -- continue to show progress as he spoke with Adam Posen at Peterson Institute. At same time Waller argues this as he says it will take 'months' of better data to show enough

Why Trumps tariffs would harm working Americans a lot
Mary Lovely 🇺🇦
linkedin.com/posts/mary-e-l…

The Fed could be forced to hike rates again next year in the face of inflationary government policies, regardless of who wins the November election: Peterson’s Adam Posen bloomberg.com/news/newslette…

Fed Watcher Adam Posen says the Fed will 'Hike' rates in 2025!
#FedDecision
tinyurl.com/5f3tdztm

Adam Posen of the Peterson Institute sees post-election fiscal pressures raising risks of a Fed hike in 2025 trib.al/5L6tdlN

'Play it, Sam, play La Marseillaise'

Potential Republican Senate leader has called for sunsetting Social Security and Medicare while raising taxes on 43% of Americans including low-income families and seniors.

Senate Democratic ad makers—do your thing.