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The Economy

US Consumers Now More Optimistic, Ending 5 Straight Months Of Decline In Confidence Index​

Ireland OwensReporter
May 27, 202512:06 PM ET

U.S. consumer confidence bounced back in May ending five straight months of decline and beating economists’ expectations.
The Consumer Confidence Index increased by 12.3 points in May to 98.0, up from 85.7 in April, according to a report released Tuesday by The Conference Board. This notably marked the first increase in consumer confidence in five months.

The Conference Board’s Present Situation Index, which is based on consumers’ outlook on current business and job market conditions, increased 4.8 points in May to 135.9. Meanwhile, the Expectations Index, which is based on consumers’ short-term outlook for income, business and job market conditions, jumped 17.4 points to 72.8 in the same month.

“Consumer confidence improved in May after five consecutive months of decline,” Stephanie Guichard, a senior economist at the Conference Board, wrote in the press release. “The rebound was already visible before the May 12 U.S.-China trade deal but gained momentum afterwards. The monthly improvement was largely driven by consumer expectations as all three components of the Expectations Index — business conditions, employment prospects, and future income — rose from their April lows. Consumers were less pessimistic about business conditions and job availability over the next six months and regained optimism about future income prospects. Consumers’ assessments of the present situation also improved.”

https://dailycaller.com/2025/05/27/consumers-optimistic-ending-months-decline-confidence-index/
 
dmallord said:
Sure, it's not something new. Simply asked is not what's happening. Nothing is simple about it, nor are the Feds asking; they are mandating.

The states have been monitoring, but the federal systems are spread across numerous federal databases that are not interconnected and are not easily accessible to the states. That needs to be fixed before better control over fraud and abuse can be achieved.

States are not responsible for the federal databases. But DOGE did axe staff and funds to update and modernize those systems.

It will take a combined effort by the Fed and states to close those loopholes. So far, it seems the Feds are pushing down that responsibility while adding more complications to applying for those funds by citizens who need them.

The BBB has significant gaps in its procedures that you can drive a Mack truck through. It's going to take good management to fix it, and I don't see that level of competency in the folks Trump's team has hired so far.
Click to expand...

The federal systems pertaining to Medicaid you’re referring to presumably fall within the purview of CMS. According to the WSJ, about 300 positions representing 4% of the CMS workforce were cut. I can’t find any specifics about what kinds of jobs were cut, but CMS has broad responsibilities and many job functions that span both Medicare and Medicaid. It’s doubtful that all 300 positions were related to the computer systems required for monitoring Medicaid eligibility. It might be more than zero, but it’s not 300.

It would take quite a stretch of the imagination to believe that in the age of artificial intelligence, the agency cannot effectively manage Medicaid eligibility enforcement because of a 4% reduction in force across the entire organization. Even if 300 positions did make the difference between saving a trillion dollars over 10 years or not, it would foolish to not restore them if that were necessary to eliminate 2.8 million ineligible beneficiaries.
 
BabyBoomer50s said:
Nonsense. The CMS double dipping numbers I cited verbatim came from the WSJ and I provided a link.
Click to expand...

🙄

BabyBoobs (a total POS GASLIGHTER / LIAR) is conflating concerns about nationwide implementation of work requirements (in the few states where it has been tried it has been a disaster) leading to millions of low income Americans losing their health insurance and suffering actual physical harm, and some accounting errors that the DOGE cuts will likely make MOAR difficult to track. (See also: DonOld & the MAGAt republicans’ cuts to the IRS which will make it harder to track tax cheats / scofflaws).

BabyBoobs (a MAGAt republican) wants MOAR bureaucracy when it comes to Medicaid, SNAP, etc, for low income workers & the poor, but LESS oversight when it comes to corporations & rich tax cheats.

Priorities, amirite.

😑

👉 BabyBoobs 🤣

🇺🇸

We. Told. Them. So.

🌷
 
Donald Trump’s Scotland golf trip comes at incredible cost to U.S. taxpayers

https://www.pennlive.com/news/2025/...-come-at-incredible-cost-to-us-taxpayers.html

The president’s trip, which it said will feature him participating in a marketing photo opportunity at his golf resort in Aberdeen, will cost taxpayers “at least $10 million.”

Trump is currently visiting his Turnberry resort where he is expected to golf on Saturday. He is then expected to head to Aberdeenshire to open the new 18-hole golf course.

💸🫰🏽🙅🏽‍♂️
 
BabyBoomer50s said:
2.8 million people are getting benefits they’re not eligible for, costing an estimated trillion dollars over ten years, and you’re arguing that nothing should be done to correct the problem because it’s too hard. Brilliant.
Click to expand...

🙄

BabyBoobs (a total POS GASLIGHTER / LIAR) selectively accepts numbers that "support" their GASLIGHTING/ LIES.

😑

Meanwhile:

The ACTUAL widely accepted numbers (CBO, etc) show that The One Butt Ugly Bill will ADD THREE OR FOUR TRILLION DOLLARS TO THE NATIONAL DEBT, while The One Butt Ugly Bill will also result in TEN MILLION LOW INCOME & POOR INDIVIDUALS LOSING HEALTHCARE INSURANCE & OTHER BENEFITS.

😳 😑 🤬

We. Told. Them. So.

🌷
 
Inflation jumped to 2.7% in June from 2.4% in may and the CPI ( consumer price index) went up by .3% as well. May inflation was .1%. But hey winning is awesome. Early impacts of tariffs showing up in a rise in household furnishings and appliances. Also food at home ( grocery store) and away ( restaurants ) rose accordingly.

The orange molester is killing it!

The economy, I mean.
 
Rightguide said:

US Consumers Now More Optimistic, Ending 5 Straight Months Of Decline In Confidence Index​

Ireland OwensReporter
May 27, 202512:06 PM ET

U.S. consumer confidence bounced back in May ending five straight months of decline and beating economists’ expectations.
The Consumer Confidence Index increased by 12.3 points in May to 98.0, up from 85.7 in April, according to a report released Tuesday by The Conference Board. This notably marked the first increase in consumer confidence in five months.

The Conference Board’s Present Situation Index, which is based on consumers’ outlook on current business and job market conditions, increased 4.8 points in May to 135.9. Meanwhile, the Expectations Index, which is based on consumers’ short-term outlook for income, business and job market conditions, jumped 17.4 points to 72.8 in the same month.

“Consumer confidence improved in May after five consecutive months of decline,” Stephanie Guichard, a senior economist at the Conference Board, wrote in the press release. “The rebound was already visible before the May 12 U.S.-China trade deal but gained momentum afterwards. The monthly improvement was largely driven by consumer expectations as all three components of the Expectations Index — business conditions, employment prospects, and future income — rose from their April lows. Consumers were less pessimistic about business conditions and job availability over the next six months and regained optimism about future income prospects. Consumers’ assessments of the present situation also improved.”

https://dailycaller.com/2025/05/27/consumers-optimistic-ending-months-decline-confidence-index/
Click to expand...
Let's see how long that lasts. Trump's tariffs will raise prices.
 
give it another or quarter or two if their is a stable trade policy. consumers have yet to feel the full effect of the trade policies and tariffs.
 

Bill Maher Admits He was Wrong About Trump’s Tariffs: ‘I Gotta Own It’​

Warner Todd Huston28 Jul 2025426

HBO comedian and podcaster Bill Maher had to admit on his recent podcast that he was wrong about the effect Trump’s tariffs would have on the economy.

Maher said that he has thought all along that Trump’s tariffs and threats of the same would destroy the U.S. economy and drive inflation to new heights. But on his recent Club Random podcast, he is now admitting that, at least so far, he has been wrong about the effects that Trump’s tariffs campaign.

“I remember I, along with probably most people, were saying at the beginning, ‘Oh, you know, by the 4th of July’ — somebody had a thing — how the economy was going to be tanked by then,” Maher said to his far left guest Brian Tyler Green. “And I was kind of like, ‘Well, that seems right to me.’ But that didn’t happen. Now, it could happen tomorrow. I’m just saying that’s reality.”

https://twitter.com/x/status/1949857985787826499

Too bad PrivateRewrite isn't man enough to admit it.
 
Rightguide said:

Bill Maher Admits He was Wrong About Trump’s Tariffs: ‘I Gotta Own It’​

Warner Todd Huston28 Jul 2025426

HBO comedian and podcaster Bill Maher had to admit on his recent podcast that he was wrong about the effect Trump’s tariffs would have on the economy.

Maher said that he has thought all along that Trump’s tariffs and threats of the same would destroy the U.S. economy and drive inflation to new heights. But on his recent Club Random podcast, he is now admitting that, at least so far, he has been wrong about the effects that Trump’s tariffs campaign.

“I remember I, along with probably most people, were saying at the beginning, ‘Oh, you know, by the 4th of July’ — somebody had a thing — how the economy was going to be tanked by then,” Maher said to his far left guest Brian Tyler Green. “And I was kind of like, ‘Well, that seems right to me.’ But that didn’t happen. Now, it could happen tomorrow. I’m just saying that’s reality.”

https://twitter.com/x/status/1949857985787826499

Too bad PrivateRewrite isn't man enough to admit it.
Click to expand...

It’s amusing that you go to a comedian for economic advice. 😆

From the start I said we wouldn’t see the impact of Trump’s tariffs until October, and that was before Trump TACOed a few times to delay things. Now that tariffs aren’t going into effect until August 1, we shouldn’t expect to see the real impact until January.
 
MajorRewrite said:
It’s amusing that you go to a comedian for economic advice. 😆

From the start I said we wouldn’t see the impact of Trump’s tariffs until October, and that was before Trump TACOed a few times to delay things. Now that tariffs aren’t going into effect until August 1, we shouldn’t expect to see the real impact until January.
Click to expand...
BS. The effects of the Trump Tariffs are the vast amounts of money flowing into the treasury as well as massive foreign investment flowing into the United States.
 
Rightguide said:
BS. The effects of the Trump Tariffs are the vast amounts of money flowing into the treasury as well as massive foreign investment flowing into the United States.
Click to expand...

The “vast amount of money flowing into the Treasury” is coming straight out of the pockets of American businesses and consumers.

There are no instant results in the economy. We won’t know anything for six months.
 
Rightguide said:

Bill Maher Admits He was Wrong About Trump’s Tariffs: ‘I Gotta Own It’​

Warner Todd Huston28 Jul 2025426

HBO comedian and podcaster Bill Maher had to admit on his recent podcast that he was wrong about the effect Trump’s tariffs would have on the economy.

Maher said that he has thought all along that Trump’s tariffs and threats of the same would destroy the U.S. economy and drive inflation to new heights. But on his recent Club Random podcast, he is now admitting that, at least so far, he has been wrong about the effects that Trump’s tariffs campaign.

“I remember I, along with probably most people, were saying at the beginning, ‘Oh, you know, by the 4th of July’ — somebody had a thing — how the economy was going to be tanked by then,” Maher said to his far left guest Brian Tyler Green. “And I was kind of like, ‘Well, that seems right to me.’ But that didn’t happen. Now, it could happen tomorrow. I’m just saying that’s reality.”

https://twitter.com/x/status/1949857985787826499

Too bad PrivateRewrite isn't man enough to admit it.
Click to expand...
Fair point on a very narrow point Maher makes.

Rightguide said:
BS. The effects of the Trump Tariffs are the vast amounts of money flowing into the treasury
Click to expand...
You do realize who’s putting that vast amount of money into the treasury, right?

Rightguide said:
as well as massive foreign investment flowing into the United States.
Click to expand...
Remains to be seen.
 
Last edited:
Rightguide said:
BS. The effects of the Trump Tariffs are the vast amounts of money flowing into the treasury as well as massive foreign investment flowing into the United States.
Click to expand...
Those vast amounts you mention are from American businesses and consumer. What little benefit Americans did receive from the Bbb, higher prices paid by business and people pay for the tariffs.
 
Rightguide said:

Bill Maher Admits He was Wrong About Trump’s Tariffs: ‘I Gotta Own It’​

Warner Todd Huston28 Jul 2025426

HBO comedian and podcaster Bill Maher had to admit on his recent podcast that he was wrong about the effect Trump’s tariffs would have on the economy.

Maher said that he has thought all along that Trump’s tariffs and threats of the same would destroy the U.S. economy and drive inflation to new heights. But on his recent Club Random podcast, he is now admitting that, at least so far, he has been wrong about the effects that Trump’s tariffs campaign.

“I remember I, along with probably most people, were saying at the beginning, ‘Oh, you know, by the 4th of July’ — somebody had a thing — how the economy was going to be tanked by then,” Maher said to his far left guest Brian Tyler Green. “And I was kind of like, ‘Well, that seems right to me.’ But that didn’t happen. Now, it could happen tomorrow. I’m just saying that’s reality.”

https://twitter.com/x/status/1949857985787826499

Too bad PrivateRewrite isn't man enough to admit it.
Click to expand...

🙄

Rightard is clueless.

Here’s a clue:

https://amp.cnn.com/cnn/2025/05/01/economy/us-gdp-economy-weaker-than-it-appears

😳

And that ^ is MOAR true today than ever. DonOld’s TACO retreats on tariffs and these recent "outlines of trade deals" have only PARTIALLY mitigated what could have been an EVEN WORSE economic collapse as a result of DonOld & the MAGAt republicans’ imbecilic policies.

And let us NOT forget: DonOld & the MAGAt republicans promised the gullible common MAGAts that they would LOWER prices, but instead, prices are HIGHER.

Oops.

😳

We. Told. Them. So.

🌷
 

New Study: California’s $20 Minimum Wage Killed 18,000 Restaurant Jobs​

Wage floors destroy opportunities, harming the poor most of all. Californians just got a hard lesson in basic economics.
Peter Jacobsen
•
July 28, 2025
Perhaps the greatest example that good policymaking intentions go awry is the minimum wage. Proponents of increasing the minimum wage argue that doing so will help the poor.

If we could snap our fingers and make the poor suddenly rich, there would be no reason to object. Unfortunately, in a world of scarce resources, this is not a possibility. The minimum wage actually tends to make many poor workers worse off and increases unemployment. A recent study on California minimum wage increases demonstrates that fact (yet again).

Professors Jeffrey Clemens, Jonathan Meer, and Olivia Edwards recently put out a working paper for the National Bureau of Economic Research (NBER) that demonstrates some adverse effects of minimum wage laws.

The paper covers California’s 2023 law, which enacted a $20 minimum wage for restaurants that had at least 60 locations in the US. This was a significant increase from the fast food minimum wage for California, which had been $16 (though some localities had higher minimum wages). They examine the impact of the law on employment and find:

https://thedailyeconomy.org/article...20-minimum-wage-killed-18000-restaurant-jobs/

You smack the Democrat mule twice, the first to interrupt the identity politics and the second to see if it remembers basic economics.
 
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