On Fox News, Arthur Laffer says Peter Navarro is not a voice for truth on economic growth.
The Washington Post‘s Philip Rucker, Damian Paletta and Josh Dawsey report that President Trump is rattled about the possibility of an economic downturn losing his reelection, NEC Director Kudlow remains optimistic “To me, it’s a pretty good story. Nobody likes to see market volatility. I get that. You get bears coming out of the woodwork. I get that. But we’ve been through that before.”
We are deeply saddened to learn from the New York Times that Ady Barkin, with whom we dueled at Jackson Hole, Wyoming in affinity over our mutual unhappiness over the poor record of the Federal Reserve, is greatly debilitated by ALS.
Appelbaum: “In the summer of 2014, he took eightworkers and community activists to Jackson Hole, Wyo., to confront Federal Reserve policymakers at the central bank’s annual summer retreat. He believed that unions, churches and other liberal advocacy groups, which had long focused on microeconomic issues like minimum wage laws and mortgage aid programs, needed to pay more attention to the Fed’s role in shaping economic conditions. The first time I saw Mr. Barkan, he was standing in the lobby of the conference hotel, waiting to accost the Fed chairwoman, Janet Yellen, while wearing a green T-shirt that said “What Recovery?”
“The foundation that paid for the trip, and for the “Fed Up” campaign that Mr. Barkan mounted in its aftermath, wrote in an internal assessment that it didn’t see much chance Mr. Barkan would succeed in influencing monetary policy. But that November, Ms. Yellen met with 30 workers led by Mr. Barkan in the Fed’s ornate boardroom in Washington. Two years later, in August 2016, the Fed’s summer retreat opened with a new event: Eight of the Fed’s top officials attending a meeting with “Fed Up” participants, listening to their stories.”
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Excerpt from Transpartisan Review:
To the best of my knowledge there are four certified (or at least certifiable) right wing nuts who love on Rep. Alexandria Ocasio-Cortez.
Number One is Steve Bannon. He unflinchingly praised AOC to Politico as reprised by Business Insider:
“AOC has what I call ‘gameness’ or competitive heart — the combination of grit, determination, fighting spirit that you can’t coach. You either have it or you don’t, and she has it big league.”
Bannon has a jeweler’s eye for political dynamics and talent. He also has a full measure of what psychologists call Fearless Dominance. He calls ‘em as he sees ‘em.
Number Two? Scott Adams. Per Politico:
“The self-described democratic socialist has also caught the attention of ‘Dilbert’ creator Scott Adams, a prominent pro-Trump voice on social media who began insisting in the summer of 2015 that the real estate mogul would win the presidential election, based in part on his belief that Trump had mastered the principles of hypnosis.