a Better Bubble™

Kevin Drum 🕸

Where’s the fraud?

1 month ago
Justin Glawe points out today that DOGE has so far identified $0 worth of fraudulent spending: A month into Donald Trump and Elon Musk’s much-hyped efforts to root out fraudulent and wasteful spending by government agencies, not a single instance of fraud or waste has been discovered. ....None of this has stopped Trump, Musk, congressional ...continue reading "Where’s the fraud?"
Kevin Drum

Trump somehow digs up $200 million for anti-immigrant ad campaign

1 month ago
Did you know that Donald Trump plans a $200 million anti-immigrant ad campaign in the US and overseas? Trump says the ads will tell the real story of what he's doing on the border. They star Kristi Noem, former governor of South Dakota and currently Secretary of Homeland Security: Noem said that Trump instructed that ...continue reading "Trump somehow digs up $200 million for anti-immigrant ad campaign"
Kevin Drum

E-commerce continues to grow vigorously

1 month ago
E-commerce sales continue to stay above their pre-pandemic trend: The growth rate isn't stronger than it was before COVID. It's just above trend and growing at the trend rate. But it shows no signs of slowing down.
Kevin Drum

We are ten times richer than we were during Donald Trump’s favorite era

1 month ago
Donald Trump keeps prattling about how the Gilded Age from 1870 through 1913 was the richest era in US history. Why? Tariffs. Nobody with a room temperature IQ should buy this obvious foolishness, but just in case you need evidence, here it is: The most prosperous era in American history is . . . right ...continue reading "We are ten times richer than we were during Donald Trump’s favorite era"
Kevin Drum

Health update

1 month ago
There's not a lot to report. My oxygenation continues to be good and my colon virus appears to be gone. I'm eating more, which makes my doctor very happy. Marian even brought me a Sausage McMuffin from McDonald's this morning, along with some lovely orange juice. But—who cares? My breathing is still so shallow I ...continue reading "Health update"
Kevin Drum

What did you do last week?

1 month ago
In the end, every efficiency doge eventually becomes a micro-manager drone. Here is Elon Musk's latest: Consistent with President @realDonaldTrump’s instructions, all federal employees will shortly receive an email requesting to understand what they got done last week. Failure to respond will be taken as a resignation. — Elon Musk (@elonmusk) February 22, 2025 The ...continue reading "What did you do last week?"
Kevin Drum

Why is Trump demanding mineral wealth Ukraine doesn’t have?

1 month ago
As you know, Donald Trump has been recently trying to extort Ukraine out of half its mineral wealth. The odd thing about this is that Ukraine doesn't have very much mineral wealth: Revenues from Ukraine’s resources would be directed to a fund in which the United States would hold 100 percent financial interest, and that ...continue reading "Why is Trump demanding mineral wealth Ukraine doesn’t have?"
Kevin Drum

DOGE has saved taxpayers about 0.33% of the federal budget

1 month 1 week ago
DOGE has published a "Wall of Receipts" claiming to have saved taxpayers $55 billion. The New York Times isn't buying it: The math that could back up those checks is marred with accounting errors, incorrect assumptions, outdated data and other mistakes.... Some contracts the group claims credit for were double- or triple-counted. Another initially contained ...continue reading "DOGE has saved taxpayers about 0.33% of the federal budget"
Kevin Drum

Inflationary expectations are up a lot since November

1 month 1 week ago
Inflationary expectations among consumers have skyrocketed since November: Thanks to Trump's tariffs and other economic illiteracies, inflation expectations have gone up 1.7 percentage points since Election Day, from 2.6% to 4.3%. Aside from the 2022 inflationary surge, this is the highest that consumer expectations have been over the past decade.
Kevin Drum

Elon Musk is extorting ad companies

1 month 1 week ago
Remember the huge fuss Republicans made over Joe Biden's alleged interference with social media platforms? Naturally they took it to court, where a Louisiana judge went stone nuts: Mostly his opinion is a long, familiar conspiracy-esque recitation of right-wing hobbyhorses about efforts from public health officers to highlight COVID misinformation, with a bit of Hunter ...continue reading "Elon Musk is extorting ad companies"
Kevin Drum

The House and Senate are light years apart in their budget proposals

1 month 1 week ago
The Senate passed a budget resolution last night: $175 in new spending on border security. $150 billion in new defense spending. $15 billion in new energy production. No framework for extending 2017 tax cut. And now for a look at the House budget proposal: $4.5 trillion to extend 2017 tax cuts. $880 billion in spending ...continue reading "The House and Senate are light years apart in their budget proposals"
Kevin Drum