Former President <a href="https://www.dailywire.com/topic/donald-trump" target="_blank" rel="noopener">Donald Trump</a> sat down for a lengthy interview with Bloomberg News Editor-in-Chief John Micklethwait at the Economic Club of Chicago on Tuesday, and occasionally found himself at odds with his interviewer.
The event opened with Micklethwait acknowledging that Vice President Kamala Harris — who is running against Trump for the presidency in just three weeks — was offered the chance to do a similar interview, but said no.
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Bloomberg News Editor-in-Chief John Micklethwait: Just for the record, The Economic Club of Chicago and Bloomberg invited Vice President Harris to a similar interview. She has declined. <a href="https://t.co/pREBYoHhFp">pic.twitter.com/pREBYoHhFp</a>
&mdash; Trump War Room (@TrumpWarRoom) <a href="https://twitter.com/TrumpWarRoom/status/1846232727403765847?ref_src=twsrc%5Etfw">October 15, 2024</a></blockquote>
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Throughout the conversation, Trump and Micklethwait went back and forth on a number of economic issues with tariffs — which Harris has painted as a massive tax on the American people despite the fact that the Biden-Harris administration left a number of the Trump administration tariffs in place.
Trump appeared to baffle Micklethwait when he explained that, in an ideal world, there would be no tariffs at all.
<a href="https://www.amiracist.com/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://www.amiracist.com/&amp;source=gmail&amp;ust=1729077615157000&amp;usg=AOvVaw17Kprl74oE9DYOLREdiBPU">MATT WALSH’S ‘AM I RACIST?’ COMING TO DAILYWIRE+ OCT. 28</a>
&#8220;You could be plunging America into the biggest trade war —&#8221; Micklethwait said.
&#8220;But there are no tariffs,&#8221; Trump objected.
&#8220;There are tariffs already,&#8221; Micklethwait pushed back, not sure what Trump was getting at.
&#8220;No, there are no tariffs — all you have to do is build your plant in the United States and you don&#8217;t have any tariffs. That&#8217;s what I want,&#8221; Trump said, and the audience began to clap.
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TRUMP: &quot;There are no tariffs.&quot;
HOST: *confused*
TRUMP: &quot;No, there are no tariffs — all you have to do is build your plant in the United States and you don&#39;t have any tariffs. That&#39;s what I want.&quot;
AUDIENCE: *applause*
🔥🔥🔥 <a href="https://t.co/vYWE8A0QNe">pic.twitter.com/vYWE8A0QNe</a>
&mdash; Trump War Room (@TrumpWarRoom) <a href="https://twitter.com/TrumpWarRoom/status/1846236054300332169?ref_src=twsrc%5Etfw">October 15, 2024</a></blockquote>
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Micklethwait continued to press the issue, saying, &#8220;You&#8217;re talking about 10-20% tariffs on the rest of the world. That is going to have a serious effect on the rest of the economy.&#8221;
Trump agreed, but then proceeded to flip the argument on its head: &#8220;I agree it&#8217;s going to have a massive effect — positive effect&#8230; it must be hard for you to spend 25 years talking about tariffs as being negative and then have somebody explain to you that you&#8217;re totally wrong.&#8221;
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Interviewer: You&#39;re talking about 10-20% tariffs on the rest of the world. That is going to have a serious effect on the rest of the economy.
President Trump: &quot;I agree it&#39;s going to have a massive effect — positive effect&#8230; it must be hard for you to spend 25 years talking… <a href="https://t.co/zyb1GfXCTi">pic.twitter.com/zyb1GfXCTi</a>
&mdash; Trump War Room (@TrumpWarRoom) <a href="https://twitter.com/TrumpWarRoom/status/1846236390818037946?ref_src=twsrc%5Etfw">October 15, 2024</a></blockquote>
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&#8220;The higher the tariff, the more likely it is that the company will come into the United States and build a factory in the United States so it doesn&#8217;t have to pay the tariff,&#8221; Trump continued.
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PRESIDENT TRUMP: &quot;The higher the tariff, the more likely it is that the company will come into the United States and build a factory in the United States so it doesn&#39;t have to pay the tariff.&quot; <a href="https://t.co/9Ed0NqL7CZ">pic.twitter.com/9Ed0NqL7CZ</a>
&mdash; Trump War Room (@TrumpWarRoom) <a href="https://twitter.com/TrumpWarRoom/status/1846236644652765203?ref_src=twsrc%5Etfw">October 15, 2024</a></blockquote>
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The conversation turned to China and the communist nation&#8217;s aggression toward U.S. trade partner Taiwan, and Trump argued that if China were making a move on the tiny island nation, it would be because they knew they couldn&#8217;t do so if he were re-elected in November.
Micklethwait framed the question by noting that China was preparing for a &#8220;test run&#8221; of a &#8220;full naval blockade&#8221; and asked, &#8220;If China invades Taiwan, would you send American troops to defend it?&#8221;
&#8220;Well, the reason they&#8217;re doing it now is because they&#8217;re not going to do it afterwards,&#8221; Trump shot back, alluding to a win for him on November 5th.
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PRESIDENT TRUMP on China&#39;s aggression toward Taiwan: &quot;The reason they&#39;re doing it now is because they&#39;re not going to do it afterwards.&quot; 🔥 <a href="https://t.co/B4FuQYsSjY">pic.twitter.com/B4FuQYsSjY</a>
&mdash; Trump War Room (@TrumpWarRoom) <a href="https://twitter.com/TrumpWarRoom/status/1846238499227230275?ref_src=twsrc%5Etfw">October 15, 2024</a></blockquote>
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When it came to trade deficits, Trump said he had a plan to handle that as well: no more bad deals.
&#8220;Stupid people made these deals. I saw trade deals that were so stupid that you&#8217;d have to be an idiot to sign them. And we signed them for years,&#8221; he said.
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President Trump will STOP foreign countries from taking advantage of the United States on trade:
&quot;Stupid people made these deals. I saw trade deals that were so stupid that you&#39;d have to be an idiot to sign them. And we signed them for years.&quot; <a href="https://t.co/YKlULRv2uL">pic.twitter.com/YKlULRv2uL</a>
&mdash; Trump War Room (@TrumpWarRoom) <a href="https://twitter.com/TrumpWarRoom/status/1846239946513772664?ref_src=twsrc%5Etfw">October 15, 2024</a></blockquote>
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Because no liberal media interview would be complete without it, Micklethwait dredged up January 6th and asked Trump whether he would commit to &#8220;a peaceful transfer of power.&#8221;
Trump, who moved out of the White House in January of 2021 without incident and has not interfered in President Joe Biden&#8217;s administration, objected: &#8220;You had a peaceful transfer of power.&#8221;
&#8220;You had a peaceful transfer of power compared to Venezuela, but it was by far the worst transfer of power in a long time,&#8221; Micklethwait tried to correct Trump, and the crowd booed him.
Trump turned to the audience then saying, &#8220;Thank you, I appreciate that.&#8221;
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PRESIDENT TRUMP: &quot;You had a peaceful transfer of power.&quot;
Interviewer: &quot;It was by far the worst transfer of power in a long time.&quot;
*Crowd boos* <a href="https://t.co/C9wFi2qBpE">pic.twitter.com/C9wFi2qBpE</a>
&mdash; Trump War Room (@TrumpWarRoom) <a href="https://twitter.com/TrumpWarRoom/status/1846246236292038797?ref_src=twsrc%5Etfw">October 15, 2024</a></blockquote>
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Former US President Donald Trump Economic Club Of Chicago Interview

‘Stupid People Made These Deals’: Trump Spars With Bloomberg Editor-In-Chief On Economy

'Stupid People Made These Deals': Trump Spars With Bloomberg Editor-In-Chief On Economy

2024 Election

Bloomberg News

Donald Trump

Economy

Kamala Harris

Politics

Bloomberg Editor-in-Chief John Micklethwait declared on Tuesday that Vice President <a href="https://www.dailywire.com/topic/kamala-harris" target="_blank" rel="noopener">Kamala Harris</a> is &#8220;so far&#8221; dodging an interview about her economic policies three weeks before Election Day.
The top journalist made the comment at the beginning of an interview with Harris&#8217; rival in the 2024 presidential race, former President <a href="https://www.dailywire.com/topic/donald-trump" target="_blank" rel="noopener">Donald Trump</a>, at the Economic Club of Chicago.
&#8220;Just for the record and those people watching on television, the Economic Club of Chicago and Bloomberg both invited Vice President Harris to a similar interview about her economic plans — she has declined so far,&#8221; Micklethwait said.
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Unlike President Trump, Kamala Harris has DECLINED to speak about her economic plans at the Economic Club of Chicago:
“The Economic Club of Chicago and Bloomberg both invited Vice President Harris to a similar interview about her economic plans — she has declined so far.” <a href="https://t.co/N1Uzml0xg1">pic.twitter.com/N1Uzml0xg1</a>
&mdash; Conservative War Machine (@WarMachineRR) <a href="https://twitter.com/WarMachineRR/status/1846233084309492103?ref_src=twsrc%5Etfw">October 15, 2024</a></blockquote>
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Harris was similarly <a href="https://www.dailywire.com/news/benioff-puts-kamala-on-blast-for-dodging-time-interview-unlike-every-other-presidential-candidate" target="_blank" rel="noopener">called out</a> over the weekend by Salesforce CEO <a href="https://www.dailywire.com/news/billionaire-salesforce-ceo-threatens-to-yank-company-from-conservative-states" target="_blank" rel="noopener">Marc Benioff</a> for refusing to do an interview with his magazine, TIME, as Trump and President Joe Biden — before he dropped out of the 2024 election — had done.
<a href="https://www.amiracist.com/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://www.amiracist.com/&amp;source=gmail&amp;ust=1729077615157000&amp;usg=AOvVaw17Kprl74oE9DYOLREdiBPU">MATT WALSH’S ‘AM I RACIST?’ COMING TO DAILYWIRE+ OCT. 28</a>
&#8220;Despite multiple requests, TIME has not been granted an interview with Kamala Harris — unlike every other Presidential candidate,&#8221; he said on X. &#8220;We believe in transparency and publish each interview in full. Why isn’t the Vice President engaging with the public on the same level?&#8221;
Still, Harris has begun to ramp up her interview schedule in the final weeks before Election Day after largely ducking the press early in her campaign and facing claims that she <a href="https://www.dailywire.com/news/jd-vance-explains-why-he-doesnt-use-a-teleprompter-kamala-hardest-hit" target="_blank" rel="noopener">struggles</a> without a teleprompter.
The shift comes as polling shows Harris and Trump in <a href="https://www.dailywire.com/news/new-emerson-poll-sucks-the-joy-right-out-of-kamalas-campaign" target="_blank" rel="noopener">a close race</a>. However, Trump has the &#8220;edge&#8221; on top issues in swing states, The Wall Street Journal <a href="https://www.wsj.com/politics/elections/trump-harris-swing-state-poll-october-2024-c3ca9414" target="_blank" rel="noopener">reported</a> last week, and he is <a href="https://www.realclearpolling.com/betting-odds/2024/president" target="_blank" rel="noopener">surging</a> ahead in betting markets.
Harris recently participated in a slew of relatively friendly interviews, including ABC’s &#8220;The View,&#8221; Sirius XM radio host Howard Stern, late-night host Stephen Colbert on CBS, and Alex Cooper’s podcast &#8220;Call Her Daddy.&#8221;
Another interview with CBS News&#8217; &#8220;60 Minutes&#8221; drew controversy because the network deceptively edited remarks from Harris, leading to calls for more <a href="https://www.dailywire.com/news/u-s-senators-push-cbs-news-to-release-full-kamala-60-minutes-interview" target="_blank" rel="noopener">transparency</a> and an <a href="https://www.dailywire.com/news/ex-cbs-news-reporters-call-for-network-to-launch-probe-in-60-minutes-scandal" target="_blank" rel="noopener">investigation</a>. Harris has interviews with radio host Charlamagne Tha God and <a href="https://www.dailywire.com/news/foxs-bret-baier-to-interview-kamala" target="_blank" rel="noopener">Fox News</a> scheduled this week.
During his interview at the Economic Club of Chicago, Trump defended his sweeping plan to implement tariffs on imports after Micklethwait noted it would have a &#8220;massive&#8221; effect on the economy.
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Interviewer: You&#39;re talking about 10-20% tariffs on the rest of the world. That is going to have a serious effect on the rest of the economy.
President Trump: &quot;I agree it&#39;s going to have a massive effect — positive effect&#8230; it must be hard for you to spend 25 years talking… <a href="https://t.co/zyb1GfXCTi">pic.twitter.com/zyb1GfXCTi</a>
&mdash; Trump War Room (@TrumpWarRoom) <a href="https://twitter.com/TrumpWarRoom/status/1846236390818037946?ref_src=twsrc%5Etfw">October 15, 2024</a></blockquote>
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&#8220;I agree it&#8217;s going to have a massive effect — positive effect &#8230; it must be hard for you to spend 25 years talking about tariffs as being negative and then have somebody explain to you that you&#8217;re totally wrong,&#8221; Trump said.

VP Kamala Harris

Top Bloomberg Editor Calls Out Kamala For Declining Interview

Media

Bloomberg News was forced to edit a glaring mistake in what was apparently intended to be a glowing profile of Governor <a href="https://www.dailywire.com/topic/tim-walz" target="_blank" rel="noopener">Tim Walz</a> (D-MN) — a mistake that only fanned the social media flames surrounding already-existing claims that Walz was guilty of stolen valor.
Kamala Harris, who only rose to the top of the ticket two weeks earlier after President Joe Biden announced that he could not continue his campaign, announced on Tuesday that Walz would be her running mate, and the <a href="https://www.bloomberg.com/news/newsletters/2024-08-06/tim-walz-vice-presidential-pick-stands-out-as-teacher-and-veteran" target="_blank" rel="noopener">article in question</a> — headlined &#8220;Walz’s Holy Trinity of Normal: Coach, Teacher, Veteran&#8221; — was published just hours later.
In the piece, Bloomberg Businessweek correspondent Joshua Green referenced Walz&#8217;s military career — just over 24 years in the Nebraska (1981-1996) and then Minnesota (1996-2005) National Guard — but flubbed a couple of key details when he claimed that Walz had deployed to Iraq in support of Operation Enduring Freedom.
Marine Corps veteran and editor-in-chief of The Daily Caller Geoff Ingersoll pointed out the fact that OEF was Afghanistan. Operation Iraqi Freedom (OIF) was the campaign that put boots on the ground in Iraq. Additionally, Walz never deployed to Iraq at all — and numerous reports state that he took a conditional promotion to the rank of Command Sergeant Major only to back out and abruptly retire altogether shortly after being informed that his unit was scheduled to deploy to Iraq. Prior to that, he was briefly assigned to a post in Italy — in support of OEF — but never served in a combat zone.
Ingersoll also pointed out that it mattered whether Green had simply gotten his report wrong or had been &#8220;misled&#8221; by Walz.
&#8220;Wow, this is wild. (Also OEF was Afghanistan, NOT Iraq.) Walz should be forced to confirm or deny whether he misled Bloomberg’s @JoshuaGreen, who is still reporting to this day that Walz did a tour in Iraq. And Green should come out and say whether he was misled. This is false then and it’s false now.&#8221;
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Wow, this is wild. (Also OEF was Afghanistan, NOT Iraq.)
Walz should be forced to confirm or deny whether he misled Bloomberg’s <a href="https://twitter.com/JoshuaGreen?ref_src=twsrc%5Etfw">@JoshuaGreen</a>, who is still reporting to this day that Walz did a tour in Iraq.
And Green should come out and say whether he was misled.
This is false… <a href="https://t.co/CmDrwyJBxR">https://t.co/CmDrwyJBxR</a> <a href="https://t.co/30MpUhpCut">pic.twitter.com/30MpUhpCut</a>
— Geoffrey Ingersoll (@GPIngersoll) <a href="https://twitter.com/GPIngersoll/status/1821244389902987300?ref_src=twsrc%5Etfw">August 7, 2024</a></blockquote>
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At some point on Wednesday, Bloomberg updated the article — noting at the top of the page that the piece was &#8220;corrected August 7, 2024 at 3:46 PM CDT&#8221; — to correctly state that Walz had served in Italy rather than Iraq.
<a href="https://www.dailywire.com/show/scamala-kamala-harris-unmasked" target="_blank" rel="noopener">WATCH BEN SHAPIRO’S ‘SCAMALA: KAMALA HARRIS UNMASKED’ ON DAILYWIRE+</a>
Green also posted the correction on X himself, taking responsibility for the error and saying, &#8220;My Walz newsletter yesterday wrongly stated he&#8217;d served in Iraq — he didn&#8217;t. He served in Italy. My error. Story has been corrected online and on the terminal.&#8221;
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My Walz newsletter yesterday wrongly stated he&#8217;d served in Iraq &#8212; he didn&#8217;t. He served in Italy. My error. Story has been corrected online and on the terminal: <a href="https://t.co/H7ct8Rj7Yp">https://t.co/H7ct8Rj7Yp</a> <a href="https://t.co/r581UO90oc">https://t.co/r581UO90oc</a> <a href="https://t.co/yD3b8udiiR">pic.twitter.com/yD3b8udiiR</a>
— Joshua Green (JoshuaGreen.bsky.social on 🟦) (@JoshuaGreen) <a href="https://twitter.com/JoshuaGreen/status/1821266872832082117?ref_src=twsrc%5Etfw">August 7, 2024</a></blockquote>
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But the reason the story grew legs so quickly is that Walz has, in the past, been accused of <a href="https://www.dailywire.com/news/is-the-honeymoon-over-already-cnn-fact-checks-tim-walz-over-stolen-valor-claims" target="_blank" rel="noopener">embellishing his military career</a> and using those embellishments to push a political agenda. In order to push for an &#8220;assault weapons&#8221; ban, for example, Walz has suggested that his experience carrying such weapons &#8220;in war&#8221; makes him qualified to tell civilians what they should not carry anywhere else.
&#8220;I spent 25 years in the Army and I hunt,” Walz said at a campaign event. “I’ve been voting for common sense legislation that protects the Second Amendment, but we can do background checks. We can do CDC … We can make sure those weapons of war, that I carried in war, is the only place where those weapons are carried.&#8221;
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Gov. <a href="https://twitter.com/Tim_Walz?ref_src=twsrc%5Etfw">@Tim_Walz</a>: I spent 25 years in the Army and I hunt. I’ve been voting for common sense legislation that protects the Second Amendment, but we can do background checks. We can research the impacts of gun violence. We can make sure those weapons of war, that I carried in war,… <a href="https://t.co/3IVaXi2RP2">pic.twitter.com/3IVaXi2RP2</a>
— Kamala HQ (@KamalaHQ) <a href="https://twitter.com/KamalaHQ/status/1820918063966962143?ref_src=twsrc%5Etfw">August 6, 2024</a></blockquote>
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Even CNN was forced to fact-check Walz on that comment, saying that &#8220;there is a difference between being in a combat area, being involved in a time of war, and actually being in a position where people are shooting at you. There is no evidence that any time that Governor Walz was in the position of being shot at and some of his language could easily be seen to suggest that he was.&#8221;

US-VOTE-POLITICS-HARRIS-WALZ

Bloomberg Busts Out One Hell Of A Correction Amid Tim Walz Stolen Valor Furor

Afghanistan

Iraq

Tim Walz

Former President Donald Trump is leading President Joe Biden in six out of seven key swing states as Americans believe the economy is going in the wrong direction, <a href="https://www.bloomberg.com/news/articles/2024-04-24/biden-trails-trump-in-6-of-7-key-states-poll-shows-election-2024?leadSource=uverify%20wall" target="_blank" rel="noopener">according</a> to a new Bloomberg News/Morning Consult poll.
The <a href="https://pro-assets.morningconsult.com/wp-uploads/2024/04/Bloomberg_2024-Election-Tracking-Wave-7.pdf" target="_blank" rel="noopener">poll</a> of nearly 5,000 registered voters found that Trump leads Biden in key states like Arizona (49-42), Georgia (49-43), Nevada (51-43), North Carolina (51-41), Pennsylvania (47-46), and Wisconsin (48-44), while Biden tops Trump in Michigan (47-45). The majority of those polled had a negative view of the economy&#8217;s direction, with many believing it would only get worse.
According to the poll, 70% of those surveyed believed the economy was going in the wrong direction, while 30% said it was going the right way. When asked how important the economy would be in determining who they pick for president, 82% said it would be &#8220;very important,&#8221; while 14% said it would be &#8220;somewhat important.&#8221; 
Americans also believe that inflation is worsening, with 54% saying they expected it to intensify by the end of the year and 17% saying they believed it would improve. Inflation has <a href="https://www.dailywire.com/news/bidenflation-number-of-americans-growing-food-at-home-soars" target="_blank" rel="noopener">remained high</a> during the Biden presidency, with customers paying elevated prices for staples like food and gas. A political action committee backing Trump <a href="https://www.dailywire.com/news/trump-pac-launches-interactive-website-to-show-how-food-prices-have-skyrocketed-under-biden" target="_blank" rel="noopener">launched</a> a &#8220;Biden-mart&#8221; website last month highlighting the dramatic increase in food prices. 
“Some of the shine of the State of the Union address has worn off,” Matt Monday, senior manager of Morning Consult, said. “People are really tying &#8216;Bidenomics&#8217; and their perception of the economy to the inflation rate.”
More than half of voters surveyed (51%) said they trusted Trump more with the economy than Biden (36%), while 13% said neither. 46% of voters also said they trusted Trump more on the issue of good jobs than Biden (38%). 
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By far, the economy ranked as the number one issue for voters polled, with 34% saying it would be their top issue in the presidential election. The only other top issue that polled in the double digits was immigration at 15%, while abortion, a top issue for the Biden campaign, came in at 9%.
Neither Biden nor Trump had a majority of voters who viewed them favorably. While 56% said they had an unfavorable or somewhat unfavorable view of Biden, just 41% said they had a favorable or somewhat favorable view of the president. Trump was viewed unfavorably or somewhat unfavorably by 41% of voters, while 45% had a favorable or very favorable view of him. 
Other issues voters found important included immigration (86%), crime (91%), education and schools (87%), and senior services (89%).

Former President Trump And Fellow Conservatives Address Annual  CPAC Meeting

Trump Holds Strong In Swing State Polling As Voters Skeptical Of Biden Economy

Elections

Inflation

Joe Biden

Morning Consult

Poll

It&#8217;s an astonishing statistic that took the internet by storm: 94% of jobs created in 2021 went to racial minorities. It&#8217;s also completely untrue.
The conclusion from Bloomberg — which credits five reporters and four editors for <a href="https://www.bloomberg.com/graphics/2023-black-lives-matter-equal-opportunity-corporate-diversity/?srnd=premium" target="_blank" rel="noopener">its report</a> — is that on the heels of the Black Lives Matter protests, corporations followed through on their promise to diversify their ranks. The outlet reported that companies in the S&amp;P 100 added 323,094 new employees in 2021, and that only 20,524 of those new jobs were filled by whites.
If true, such a statistic could launch a legion of victorious racial discrimination lawsuits — blacks, Asians, and Hispanics make up roughly 40% of the population, and there is no way they could obtain 94% of new jobs without some level of discrimination.
But the takeaway from Bloomberg is an example of innumeracy by journalists at an outlet once relied upon by businessmen for savvy financial analysis — or of willfully setting aside common sense in favor of what the publication acknowledged is an ideologically-driven &#8220;project to <a href="https://www.bloomberg.com/news/newsletters/2023-09-26/how-nike-cvs-amazon-drove-diversity-change-post-george-floyd-protests?srnd=premium&amp;leadSource=uverify%20wall" target="_blank" rel="noopener">hold companies accountable</a> to [diversity] pledges.&#8221;
A Daily Wire analysis of the same numbers examined by Bloomberg found that, in reality, the demographics of hiring figures for 2021 were barely different from previous years. The percentage of new jobs that went to whites was likely about 46%, eight points below the 54% white makeup of companies&#8217; existing workforces. That&#8217;s to be expected given demographic changes in the United States since the time that the currently-retiring baby boomer generation first entered the workforce.
Though Bloomberg spun the tale as a victory for Black Lives Matter, blacks benefited the least of any racial group from the slight decline in whites, according to the analysis. The percentage of black hires was up from the status quo by 1%, while Asians were up by 2%, and Hispanics were up by 4%. That&#8217;s also explained by demographics — decades ago, when baby boomers entered the workforce, the U.S. was mostly white and black; in the decades since, the numbers of Hispanics and Asians in the United States have increased.
Here&#8217;s how Bloomberg got the story wrong, and how numbers actually work.
Bloomberg based its analysis on a form companies file to the Equal Employment Opportunity Commission listing the racial breakdown of their U.S. employees. The forms are filed annually, but they don&#8217;t break out stats for employees hired that year; they just provide the total headcount of all employees by race.
Bloomberg, reaching for a way to isolate recent numbers, focused on the fact that companies increased their cumulative headcount by some 320,000 in 2021. Then they made a flawed leap of logic: They took the increase of minorities across the entire workforce, and divided it by the number of new positions — not the number of actual hires, which overwhelmingly come from replacing people who leave the company. In short, they got the denominator wrong.
&#8220;Bloomberg obtained 2020 and 2021 data for 88 S&amp;P 100 companies and calculated overall US job growth at those firms&#8230;.  Overall, these companies increased their headcount by 323,094 employees in 2021,&#8221; the outlet wrote. &#8220;Bloomberg then analyzed the racial makeup of those additional workers, finding that 94% of them were people of color.&#8221;
But it’s not possible from the data to say that those additional “people of color” took the 320,000 newly created positions. Most of them were almost certainly hired as part of a much larger group: replacements for existing jobs that were vacated by retirees or people changing jobs.
The 88 companies in Bloomberg’s study together employed 8.9 million workers in 2020. Based on a <a href="https://www.netsuite.com/portal/resource/articles/human-resources/employee-turnover-statistics.shtml#:~:text=What%20is%20a%20good%20employee,is%20known%20as%20involuntary%20turnover." target="_blank" rel="noopener">typical annual turnover rate of 18%</a>, an estimated 1.6 million people would have left and been replaced in 2021. So the increase in minorities shouldn&#8217;t be calculated as 300,000 out of 320,000 — it&#8217;s 300,000 out of roughly 2 million (1.6 million plus 320,000).
Some companies may have had no employment growth at all, just turnover from retirements. Bloomberg&#8217;s methodology could capture minor demographic changes across companies like this, then apply all those changes to a small number of newly-created positions from entirely different companies.
Take this hypothetical: There are two companies, each staffed by 100 white people. One of them replaces 20 retiring white employees with 20 black employees. The other is very profitable, so it creates 10 new positions, all given to whites. Bloomberg&#8217;s methodology would conclude that the companies, as a group, hired 20 black people into 10 new jobs, and that minorities received 200% of jobs. This is obviously impossible, and in fact, all of the new jobs went to whites.
<div id="attachment_627865" style="width: 1034px" class="wp-caption alignnone"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-627865" class="size-large wp-image-627865" src="https://dw-wp-production.imgix.net/2023/09/bloomberg-1024x555.png" alt="Bloomberg News" width="1024" height="555" srcset="https://dw-wp-production.imgix.net/2023/09/bloomberg-1024x555.png 1024w, https://dw-wp-production.imgix.net/2023/09/bloomberg-300x163.png 300w, https://dw-wp-production.imgix.net/2023/09/bloomberg-768x416.png 768w, https://dw-wp-production.imgix.net/2023/09/bloomberg-1536x832.png 1536w, https://dw-wp-production.imgix.net/2023/09/bloomberg-2048x1109.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" />Chart from Bloomberg News based on its flawed study</div>
In 2020, the S&amp;P companies were just under 54% white. If every retiree was replaced with someone of the same race, and whites also got the same share of the new jobs, you&#8217;d expect to see 173,000 whites added. Bloomberg observes that there were only 20,000 whites added.
What this tells us is there was a shortage of approximately 153,000 whites — but that&#8217;s not across the 320,000, it&#8217;s across 2 million jobs filled. Instead of hiring just over 1 million whites (54%), they hired about 884,000 (45%).
On the &#8220;people of color&#8221; side, Bloomberg said that Hispanics grew by 131,000 in the 320,000 jobs. But they actually simply got their share of newly-created new jobs (54,000), plus out of the 864,000 whites retiring, 77,000 were replaced by Hispanics.
In all, we can compute that of the 2 million jobs filled in 2021, about 400,000 went to Hispanics — 20%, which is only slightly higher than the 17% in the legacy workforce.
Following the same logic, the number of 2021 hires who were Asian was 12%, slightly higher than the 10% of the legacy workforce, while blacks went up 1%, from 17% to 18%.
Though blacks benefited the least from the decline in whites, that&#8217;s expected because blacks, who make up 12% of the population, are actually overrepresented in the workforce studied by Bloomberg.
Robert VerBruggen, an economic policy fellow at the Manhattan Institute, agreed that Bloomberg’s analysis failed to take into account the workers leaving and their demographics.
“The country&#8217;s demographics are changing — older generations are much whiter than younger ones,” VerBruggen told The Daily Wire. “If whites are disproportionately retiring and non-whites are disproportionately getting jobs, that will skew the numbers, giving the appearance of a serious commitment to equity — or mass violations of civil-rights law, depending on one&#8217;s perspective.”
A telltale sign that Bloomberg&#8217;s &#8220;percentage of the net increase&#8221; methodology is flawed, VerBruggen explained, is that, if the departures of whites had been just a little higher, the net change in whites would have been negative instead of the actual small growth of 20,000. Bloomberg&#8217;s methodology would then assert that whites took a negative percentage of the new 320,000 jobs, a mathematic impossibility.
The study also received pushback from pollster Patrick Ruffini, who <a href="https://twitter.com/PatrickRuffini/status/1707022523391488291" target="_blank" rel="noopener">said</a> Bloomberg’s analysis was “statistically illiterate” and pointed out the outlet’s failure to take into account employee turnover.
“This stuff could be the product of generational turnover in the workforce,” Ruffini said. “If retirees are 80% white and new workers are 55% in line with demographics of young workers, you get numbers like this.”
Normally in journalism, there is a safeguard that comes in the form of calling the companies mentioned for comment. But Bloomberg said &#8220;none of the half-dozen companies with the most notable diversity gains wanted to discuss them in detail.&#8221;
The companies could have pointed out that Bloomberg&#8217;s methodology was flawed, and prevented them from publishing an error. But the error overstated their diversity gains, and it was clear from the reporters&#8217; bias that big diversity gains would be portrayed favorably. (The story was headlined “Corporate America Promised to Hire a Lot More People of Color. It Actually Did.”)
Asked about the methodology for its study, a Bloomberg spokeswoman said &#8220;We stand by our reporting and analysis.&#8221;
The Daily Wire&#8217;s calculations based on the data used by Bloomberg can be viewed below:
<div class="image"><img loading="lazy" decoding="async" class="alignnone size-large wp-image-628819" src="https://dw-wp-production.imgix.net/2023/09/bloomberg-numbers-1024x289.png" alt="" width="1024" height="289" srcset="https://dw-wp-production.imgix.net/2023/09/bloomberg-numbers-1024x289.png 1024w, https://dw-wp-production.imgix.net/2023/09/bloomberg-numbers-300x85.png 300w, https://dw-wp-production.imgix.net/2023/09/bloomberg-numbers-768x217.png 768w, https://dw-wp-production.imgix.net/2023/09/bloomberg-numbers-1536x433.png 1536w, https://dw-wp-production.imgix.net/2023/09/bloomberg-numbers.png 2020w" sizes="(max-width: 1024px) 100vw, 1024px" /></div>

Black Lives Matter

Bloomberg Flubs Data For Bombshell Report That Only 6% Of New Corporate Hires Are White

Critical Race Theory

Diversity Equity and Inclusion (DEI)

Jobs

Media Bias

A former spokesman for the pedophile advocacy group Prostasia wrote a hit piece in Bloomberg against the new anti-child trafficking film &#8220;Sound of Freedom.&#8221;
Noah Berlatsky <a href="https://web.archive.org/web/20211116021836/https://prostasia.org/blog/team/noah-berkatsky/" target="_blank" rel="noopener">served</a> in 2021 as communications director for Prostasia, a group that calls itself &#8220;a new kind of child protection organization,&#8221; but <a href="https://prostasia.org/blog/reducing-self-stigmatization-in-maps-can-reduce-risks-of-offending/" target="_blank" rel="noopener">works</a> to remove the stigma surrounding &#8220;MAPs&#8221; or &#8220;minor-attracted people.&#8221;
On Saturday, Bloomberg published an opinion article authored by Berlatsky, titled &#8220;QAnon and ‘Sound of Freedom’ Both Rely on Tired Hollywood Tropes.&#8221; The article was <a href="https://www.washingtonpost.com/business/2023/07/15/qanon-and-sound-of-freedom-both-rely-on-tired-hollywood-tropes/c0b861ee-230a-11ee-8994-4b2d0b694a34_story.html" target="_blank" rel="noopener">reprinted</a> by The Washington Post.
In the article, Berlatsky, who is also a former NBC contributor, bashed &#8220;Sound of Freedom,&#8221; which has been hailed by conservatives since it premiered last month. The film is about a federal agent who saves a sister and brother from child trafficking and is based on a true story. The movie stars Jim Caviezel and was <a href="https://www.dailywire.com/news/sound-of-freedom-film-based-on-a-true-story-exposes-horror-of-human-trafficking" target="_blank" rel="noopener">produced</a> by the same studio that made the faith-based series &#8220;The Chosen.&#8221;
Berlatsky claimed the film has been &#8220;embraced by the far right and Christians,&#8221; who he complains have &#8220;helped boost it to more than $50 million in receipts at the box office.&#8221;
Berlatsky also claimed &#8220;Sound of Freedom&#8221; is linked to the conspiracy theory QAnon. The movie&#8217;s creator recently <a href="https://www.newsweek.com/sound-freedom-movie-creator-tim-ballard-responds-qanon-allegations-sick-1812204" target="_blank" rel="noopener">called</a> allegations that the movie has a QAnon connection &#8220;sick,&#8221; and Caviezel, the film&#8217;s star, said he was unaware of the conspiracy in 2018 when the movie was filmed.
&#8220;But the truth is that the conspiratorial right and the Hollywood default aren&#8217;t that different — which is why, perhaps, our polity has had such difficulty rejecting QAnon, Trump and fascism,&#8221; Berlatsky wrote.
Critics have <a href="https://4w.pub/prostasia-normalize-pedophilia/" target="_blank" rel="noopener">accused</a> Prostasia, the pedophile advocacy group, for years of trying to normalize pedophilia behind a thin smoke screen of &#8220;child protection.&#8221;
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The group&#8217;s blog posts have mentioned &#8220;kink&#8221; and &#8220;child protection&#8221; in the same breath. Prostasia has also <a href="https://prostasia.org/blog/criminalizing-art-and-fiction-is-a-bridge-too-far-for-the-united-nations/" target="_blank" rel="noopener">argued</a> against criminalizing fantasy child pornography and in favor of keeping child sex dolls legal.
Besides his stint as communications director for Prostasia, Berlatsky has a long social media history of defending pedophiles.
&#8220;Pedophiles are essentially a stigmatized group. Certain people get designated as deviants, people hate them,&#8221; Berlatsky tweeted in February, 2017, <a href="https://www.zerohedge.com/political/bloomberg-sound-freedom-hit-piece-written-pro-pedo-contributor" target="_blank" rel="noopener">according</a> to a screenshot.
&#8220;The issue isn&#8217;t that people care about the victims. The issue is that pedophiles are loathed,&#8221; Berlatsky tweeted the same day in 2017.
Berlatsky has also attacked the relationship between parents and their children.
&#8220;Parents are tyrants. &#8216;parent&#8217; is an oppressive class, like rich people or white 
people,&#8221; Berlatsky tweeted in December 2020.
&#8220;There are things you can do to try to minimize the abuse that&#8217;s endemic to the parent/child relationship, but it&#8217;s always there,&#8221; he added.
Meanwhile, gender ideology plays a large role in Berlatsky&#8217;s family. He has <a href="https://www.cnn.com/2021/06/19/opinions/fathers-day-transgender-daughter-bravery-trust-berlatsky/index.html" target="_blank" rel="noopener">been vocal</a> about supporting his trans-identifying son, who now identifies as a girl.
In February, Berlatsky wrote an <a href="https://www.yahoo.com/news/wife-bisexual-nonbinary-daughter-transgender-195648373.html" target="_blank" rel="noopener">article</a> for Insider, titled &#8220;My wife is bisexual and nonbinary, and my daughter is transgender. My queer family helped me better understand myself and my masculinity.&#8221;
Berlatsky&#8217;s Twitter account, which has more than 21,000 followers, is currently locked in private mode.

Red Carpet Premiere “Sound Of Freedom”

Former Pedophile Advocacy Group Spokesman Writes Bloomberg Hit Piece On ‘Sound Of Freedom’

Former Pedophile Advocacy Group Spokesman Writes Bloomberg Hit Piece On 'Sound Of Freedom'

Child Abuse

Crime

Hollywood

U.S.

<a href="https://www.dailywire.com/topic/bloomberg" target="_blank" rel="noopener">Bloomberg</a> Opinion was roasted online for using a child to comment on <a href="https://www.dailywire.com/topic/supreme-court" target="_blank" rel="noopener">Supreme Court</a> ethics.
Bloomberg&#8217;s &#8220;Crash Course&#8221; <a href="https://www.iheart.com/podcast/1119-crash-course-106327154/episode/the-supreme-court-vs-greed-113796470/" target="_blank" rel="noopener">podcast</a> aired an episode on Supreme Court Justice Clarence Thomas&#8217;s alleged conflicts of interest. During the episode, host Tim O&#8217;Brien asked his son Cooper for his thoughts on financial conflicts of interest, to which the boy replied that they should not be allowed to happen. Bloomberg tweeted about it, and were promptly roasted by Twitter users.
&#8220;What do you think a financial conflict of interest is?&#8221; O&#8217;Brien asked his son.
&#8220;When two people both share a bank account and [one person] wants to spend money on something but the other person doesn&#8217;t,&#8221; Cooper guessed.
&#8220;That&#8217;s a good thought,&#8221; said O&#8217;Brien. &#8220;What if I told you it describes when powerful people, like people who sit on the Supreme Court, have money or other things they own and that might affect how they rule on things?&#8221;
&#8220;I don&#8217;t think that&#8217;s correct and I don&#8217;t think that should happen,&#8221; Cooper said.
Bloomberg Opinion promoted the episode on its Twitter account. &#8220;These 9 people make decisions on the future of democracy in the US,&#8221; the post said. &#8220;But they aren’t held to the same level of accountability as Congress. Even Cooper, the son of our podcast host, thinks that’s a problem.&#8221;
The response to Bloomberg&#8217;s tweet was swift. Twitter users lambasted the outlet for using a child to push the Left’s anti-Supreme Court agenda.
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&#8220;Well if Cooper says so, that means that Article MCVII of the Constitution has been invoked, so the Supreme Court is officially disbanded,&#8221; Daily Wire Editor Emeritus <a href="https://twitter.com/benshapiro/status/1650888157733302272?s=20" target="_blank" rel="noopener">Ben Shapiro</a> tweeted.
&#8220;Children are currently used as activists on climate change and gun control, as we lay out in Stolen Youth,&#8221; tweeted <a href="https://twitter.com/karol/status/1650891025290756097?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1650891025290756097%7Ctwgr%5E8685ebe596bb7174806592678e8f51f936fb2b6d%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Fquery%3Dhttps3A2F2Ftwitter.com2Fkarol2Fstatus2F1650891025290756097widget%3DTweet" target="_blank" rel="noopener">Karol Markowicz</a>, journalist and author of the book &#8220;Stolen Youth.&#8221; &#8220;Look for them to move child soldiers to other issues.&#8221;
&#8220;Sure you&#8217;ve heard from James Madison, but what does the son of our podcast host have to say,&#8221; Blaze host <a href="https://twitter.com/AuronMacintyre/status/1650898722014785538?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1650898722014785538%7Ctwgr%5E7631b4fdd5398e3c1c910241fedbc167bc84a746%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Fquery%3Dhttps3A2F2Ftwitter.com2FAuronMacintyre2Fstatus2F1650898722014785538widget%3DTweet" target="_blank" rel="noopener">Auron MacIntyre</a> tweeted.
&#8220;The woke eight-year-olds are writing opinion pieces about dismantling the Consitution,&#8221; MacIntyre <a href="https://twitter.com/AuronMacintyre/status/1650898532373610501?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1650898532373610501%7Ctwgr%5Ee81132f4f3469ec2acd961eca4aa5b89e1242d75%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Fquery%3Dhttps3A2F2Ftwitter.com2FAuronMacintyre2Fstatus2F1650898532373610501widget%3DTweet" target="_blank" rel="noopener">added</a>.
“‘They aren’t held to the same level of accountability as Congress.&#8217; Congress exempts itself from laws including the ability to insider trade,&#8221; one user wrote.
&#8220;I love the &#8216;Even Cooper&#8217; bit, as if children are notoriously difficult to fool,&#8221; wrote another.
&#8220;I guess it&#8217;s &#8216;Try to Undermine the Supreme Court&#8217; week for the DC Media or something,&#8221; another user chimed in.
&#8220;I’ve never seen an appeal to the authority of a child but I suppose that’s appropriate for such childish opinions,&#8221; a user tweeted.
&#8220;The Left is the greatest defender of SCOTUS when it’s progressive, but it has the completely opposite position when it’s conservative,&#8221; said another.
Justice <a href="https://www.dailywire.com/news/clarence-thomas-shreds-leftist-hit-piece-have-always-sought-to-comply-with-the-disclosure-guidelines" target="_blank" rel="noopener">Clarence Thomas</a> has come under fire from the Left in recent weeks after the left-wing outlet ProPublica reported that Thomas accepted paid travel expenses — including flights, staying on a yacht, and other accommodations — from real estate magnate and billionaire Republican donor Harlan Crow. Thomas accepted the gifts for decades, and said “there are few restrictions on what gifts justices can accept,&#8221; in contrast to members of Congress, who are not allowed to accept gifts over $50.
Both Thomas and <a href="https://www.dailywire.com/news/harlan-crow-hits-back-slams-yellow-journalism-and-political-hit-job-on-his-friend-clarence-thomas" target="_blank" rel="noopener">Crow</a> have since responded to the allegations.

New U.S. Supreme Court Poses For “Class Photo”

Twitter Roasts Bloomberg News For Trotting Out A Child To Comment On Supreme Court Ethics

Clarence Thomas

Legacy Media

Supreme Court

Twitter

Former President <a href="https://www.dailywire.com/topic/donald-trump">Donald Trump</a> is reportedly workshopping multiple new derogatory nicknames for Florida Republican Governor <a href="https://www.dailywire.com/topic/ron-desantis">Ron DeSantis</a> as the race for the White House begins to heat up.
Bloomberg News senior reporter Jennifer Jacobs tweeted a report — authored by Nancy Cook — which said that Trump is spending &#8220;much of his and his team’s time&#8221; on complaining about a lack of media coverage, what he claims was a stolen election, and trying to come up with new names for DeSantis, who is widely expected to enter the presidential race in the coming months.
Jacobs said that, according to Trump&#8217;s allies, the former president is considering trying to label DeSantis as “Ron DisHonest,” “Ron DeEstablishment,” or “Tiny D.”
The report added that Trump is trying to &#8220;dig up dirt&#8221; on DeSantis&#8217; wife, recent breast cancer survivor Casey DeSantis, who has three children with the governor.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Some of the new nicknames Trump has entertained for his chief rival, Florida Governor Ron DeSantis: “Ron DisHonest.” “Ron DeEstablishment.” Or even, “Tiny D.”
His team has spent weeks trying to dig up dirt on DeSantis and his wife, Casey, <a href="https://twitter.com/nancook?ref_src=twsrc%5Etfw">@nancook</a> reports<a href="https://t.co/l3od8rxhHc">https://t.co/l3od8rxhHc</a>
&mdash; Jennifer Jacobs (@JenniferJJacobs) <a href="https://twitter.com/JenniferJJacobs/status/1632002857724530689?ref_src=twsrc%5Etfw">March 4, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Casey DeSantis&#8217; recent victory over breast cancer received significant media attention.
“If you want to know who Ron DeSantis really is, when I was diagnosed with cancer, and I was facing the battle for my life, he was the dad who took care of my children when I couldn’t,” Casey DeSantis said.
“He was there to pick me off of the ground when I literally could not stand,” she added. “He was there to fight for me when I didn’t have the strength to fight for myself.”
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
I love you, Casey. <a href="https://t.co/HKID5TolyM">pic.twitter.com/HKID5TolyM</a>
&mdash; Ron DeSantis (@RonDeSantis) <a href="https://twitter.com/RonDeSantis/status/1579502655726145538?ref_src=twsrc%5Etfw">October 10, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Despite Trump&#8217;s repeated attacks on DeSantis, the governor has not responded in kind and has instead focused on delivering for the voters of his state.
DeSantis even <a href="https://www.dailywire.com/news/desantis-commends-trump-in-new-book-despite-trumps-repeated-attacks">said</a> positive things about the former president in his top-selling new book “The Courage to Be Free: Florida’s Blueprint for America’s Revival,” saying that Trump &#8220;supported policies that appealed to the base in a way that GOP leaders in the DC swamp had been either incapable of doing or unwilling to do.&#8221;
When <a href="https://www.dailywire.com/news/desantis-on-trumps-attacks-ill-always-give-him-credit-for-the-things-that-he-did-that-were-positive">asked</a> during a recent Fox News interview about Trump&#8217;s derogatory name calling, DeSantis shrugged off the attacks, saying that those kind of attacks come with the territory.
“And, you know, he can say what he wants about me, I’ll always give him credit for the things that he did that were positive,” DeSantis continued. “And I’m appreciative of a lot of the things that he did — doesn’t mean I agree with everything that he’s doing lately or whatever. But ultimately, it’s about delivering for the people you represent and delivering for the country.&#8221;

Ron DeSantis Holds Election Night Event In Tampa

Trump ‘Workshopping’ Three More Derogatory Names For DeSantis, Digging Up ‘Dirt’ On His Wife Casey: Report

Casey DeSantis

Ron DeSantis

President <a href="https://www.dailywire.com/topic/joe-biden">Joe Biden</a> has been suckling off the government teat since he was 29. That&#8217;s 50 years.
At nearly 80, Biden has long forgotten what it&#8217;s like to have a real job. And he&#8217;s clearly completely out of touch with what average Americans are struggling through amid the highest inflation in 40 years.
&#8220;I’m not concerned about the strength of the dollar. I’m concerned about the rest of the world. Our economy is strong as hell,&#8221; Biden said last weekend.
“Inflation is worldwide. It’s worse off than it is in the United States,” he added. “So the problem is the lack of economic growth and sound policy in other countries, not so much ours.”
Amid voluminous criticism, the White House doubled down on Biden&#8217;s insane stance that the economy is &#8220;strong as hell.&#8221;
&#8220;The president understands … that inflation is an issue, high costs is an issue for the American people, and so he’s been very clear about making that his number one economic priority. And he has done the work,&#8221; Press Secretary Karine Jean-Pierre.
He&#8217;s done the work?! Wrong. WE&#8217;RE doing the work &#8212; and lots of it.
In Biden&#8217;s dismal economy, more than half of working Americans have considered getting a second job to make ends meet.
&#8220;About 38% of workers have looked for a second job, while an additional 14% have plans to do so, according to a survey of more than 1,000 full-time US employees by Qualtrics International Inc., which makes software used by over 16,000 organizations,&#8221; Bloomberg News <a href="https://www.bloomberg.com/news/articles/2022-10-19/inflation-forces-over-50-of-americans-to-consider-a-side-hustle?leadSource=uverify%20wall">reported</a>. &#8220;At the same time, 18% of working adults said they had moved to an area with a lower cost of living to cut expenses, and another 13% plan to do so.&#8221;
Why? &#8220;About 70% say their pay isn’t keeping up with rising expenses. A recent Brookings Institution study estimated that the current spike in prices means it will now cost more than $300,000 to raise a child to age 17, up $26,000 since inflation took hold,&#8221; Bloomberg reported.
At the same time, 401k&#8217;s are being crushed in Biden&#8217;s economy. The housing market has crashed, and mortgage rates have soared above 7%. And real wages have not kept pace with inflation, actually <a href="https://mishtalk.com/economics/real-year-over-year-wages-decline-for-18-consecutive-months">dropping</a> by 3% during Biden&#8217;s presidency.
That&#8217;s all terrible news for Biden. Inflation is &#8220;extremely or very important&#8221; for 82% of Americans, but Biden&#8217;s approval rating on the issue is just 30%, a <a href="https://www.monmouth.edu/polling-institute/reports/monmouthpoll_us_100322/">Monmouth poll</a> found this month. Crime is second at 72%, but Biden&#8217;s handling is 32%. And immigration comes in at 67% for voters, but the president&#8217;s approval rating is 31%.
“Democrats are all over the place when it comes to their key issues. This makes it difficult for the party to create a cohesive messaging strategy to motivate its base. Republicans, on the other hand, just have to hammer away at rising prices and ‘the wolf is at the door’ to get their voters riled up,” said Patrick Murray, director of the independent Monmouth University Polling Institute.
“A major problem for Democrats is their base messaging doesn’t hold as much appeal for independents as the GOP issue agenda does. Even though truly persuadable independents are a rather small group these days, this small difference can have a major impact given the expectation that congressional control will hinge on a handful of very close contests,&#8221; Murray said.

To do list – side hustle

Biden’s America: Half Of Adults Consider Second Jobs To Make Ends Meet

President Joe Biden's America: Half Consider Second Jobs To Make Ends Meet, New Bloomberg News Poll Finds

Elon Musk and Twitter could reach a deal for the tech billionaire to buy the social media platform as early as today, in an agreement that could exceed $46.5 billion that would bring nearly two weeks of trolling, hand-wringing, and bickering to a dramatic end, according to two reports.
Twitter&#8217;s share price has risen since Musk made his offer of $54.20 per share, pushing the cost of a takeover closer to $50 billion than the original $43 billion.
Talks are in the &#8220;final stretch,&#8221; <a href="https://www.bloomberg.com/news/articles/2022-04-25/twitter-on-track-to-reach-deal-with-musk-as-soon-as-monday?sref=WFt20nR4&amp;utm_medium=social&amp;utm_campaign=socialflow-organic&amp;utm_content=markets&amp;utm_source=twitter&amp;cmpid%3D=socialflow-twitter-markets">Bloomberg reported</a>, citing a person with knowledge the matter. The San Francisco-based platform and world&#8217;s richest man could have a deal by the end of the day if they can hammer out terms, according to the person. <a href="https://www.reuters.com/technology/exclusive-twitter-set-accept-musks-best-final-offer-sources-2022-04-25/">Reuters reported</a> that Twitter&#8217;s board of directors is poised to recommend shareholders accept Musk&#8217;s $54.20-per-share offer
It remains possible that the deal could collapse at the last minute, the sources told Reuters.
The rapid development comes after Musk met Sunday with Twitter executives to demonstrate he had financing in place. The Tesla mogul had earlier hinted he might bypass the board with a tender offer directly to shareholders if the board rejected the bid he first announced on April 14. The share price of Twitter has risen nearly 7% since Musk made his offer, but still remain some 10% below his offer. Shares were up another 4.5% in pre-market trading Monday, at $51.15.
“A concern that Twitter’s board is weighing is that unless it seeks to negotiate a deal with Musk, many shareholders could back him in a tender offer,” Reuters <a href="https://financialpost.com/pmn/business-pmn/twitter-under-shareholder-pressure-to-seek-deal-with-musk-sources-say">reported</a>.
The Twitter board, which includes founder Jack Dorsey and current CEO Parag Agrawal, initially tried to fend off Musk with a so-called &#8220;poison pill,&#8221; which would dilute the value of his shares and allow current shareholders to increase their holdings. But now the board seems to recognize that Musk, who says he wants to take Twitter private to help it grow and better embrace freedom of speech, may have gained the upper hand.
“While the poison pill would prevent Twitter shareholders from tendering their shares, the company is worried that its negotiating hand would weaken considerably if it was shown to be going against the will of many of its investors,” sources told Reuters.
In a Securities and Exchange Commission <a href="https://www.sec.gov/Archives/edgar/data/0001418091/000110465922048128/tm2213229d1_sc13da.htm">filing</a>, Musk revealed he had obtained a debt commitment letter from Morgan Stanley Senior Funding, Inc. and certain other financial institutions showing they were committed to provide $13 billion in financing to him; a separate debt commitment letter from Morgan Stanley Senior Funding, Inc. and certain other financial institutions committing to provide $12.5 billion in margin loans, and an equity commitment letter in which Musk committed to provide equity financing for his offer.
<a href="https://www.wsj.com/articles/twitter-re-examines-elon-musks-bid-may-be-more-receptive-to-a-deal-11650822932?mod=hp_lead_pos1">The Wall Street Journal</a> reported Sunday that Musk, who had informed  Twitter Chairman Bret Taylor he would not budge on his $54.20-a-share offer for the company, had met privately on video calls with several shareholders on Friday:
Since making his offer, Musk has used the platform itself &#8211; on which he has 80 million followers &#8211; to criticize its silencing of conservative viewpoints. He has also said he would consider making immediate changes, including adding an &#8220;edit&#8221; button and changing the way users gain coveted &#8220;blue checkmark&#8221; status.

Elon Musk

Musk, Twitter, Could Reach Deal Today: Report

Poison pill

Wall Street Journal

Twitter users across the political spectrum excoriated Bloomberg News for an opinion column suggesting low income Americans find ways to lower their costs to deal with skyrocketing inflation.
The column, titled &#8220;<a href="https://www.bloomberg.com/opinion/articles/2022-03-13/inflation-stings-most-for-those-earning-under-300-000?sref=ZtdQlmKR&amp;utm_campaign=socialflow-organic&amp;utm_content=view&amp;utm_source=twitter&amp;cmpid%3D=socialflow-twitter-view&amp;utm_medium=social">Inflation Stings Most If You Earn Less Than $300K. Here&#8217;s How to Deal</a>,&#8221; was written by Teresa Ghilarducci, a professor of economics at the New School for Social Research, a private university in New York. In it, she explains that inflation, especially soaring gas prices, will do much less harm to Americans who earn more than $289,000 per year. For those near the median income of around $50,000, or less, decisions will be much harder, Ghilarducci wrote.
&#8220;If your income is more than $289,000 a year, the run-up in gas prices may be alarming — but it&#8217;s unlikely to hammer your overall finances,&#8221; Ghilarducci wrote. &#8220;For those earning much less, it’s a different story.&#8221;
&#8220;I expect those most affected will adjust to inflation in the classic way by shifting away from relatively expensive items toward close substitutes,&#8221; she continued. &#8220;Here are some ideas on how to reconfigure consumption and lessen the blow. But again, adjustment is hard for people without savings or choices.&#8221;
Ghilarducci&#8217;s suggestions included:
<ul>
<li>taking public transportation instead of driving;</li>
<li>buying and eating meat subsitutes like lentils and vegetables;</li>
<li>avoiding buying items in bulk;</li>
<li>avoiding unnecessary charges; and</li>
<li>avoiding medical expenses for pets</li>
</ul>
Bloomberg tweeted a link to the article Saturday. &#8220;Inflation stings most if you earn less than $300K,&#8221; the tweet read. &#8220;Here&#8217;s how to deal:
➡️ Take the bus 
➡️ Don’t buy in bulk 
➡️ Try lentils instead of meat 
➡️ Nobody said this would be fun
<blockquote class="twitter-tweet">
Inflation stings most if you earn less than $300K. Here&#8217;s how to deal:
➡️ Take the bus 
➡️ Don’t buy in bulk 
➡️ Try lentils instead of meat 
➡️ Nobody said this would be fun <a href="https://t.co/HGJEoXL5ZZ">https://t.co/HGJEoXL5ZZ</a>
— Bloomberg Opinion (@bopinion) <a href="https://twitter.com/bopinion/status/1505292742993321993?ref_src=twsrc%5Etfw">March 19, 2022</a></blockquote>
Twitter users from both Left and Right reacted swiftly and scathingly to the out-of-touch headline, clobbering the outlet for its condescending tone, particularly the line, &#8220;nobody said this would be fun.&#8221;
&#8220;So for basically everyone lol,&#8221; CBS News White House Reporter Kathryn Watson tweeted in reply.
<blockquote class="twitter-tweet">
So for basically everyone lol <a href="https://t.co/8AyIuh7fkD">https://t.co/8AyIuh7fkD</a>
— Kathryn Watson (@kathrynw5) <a href="https://twitter.com/kathrynw5/status/1505597139631624199?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
&#8220;The median annual salary in the US is $35K!&#8221; Economics professor and Brookings Institution Nonresident Senior Fellow Shamika Ravi tweeted, citing statistics from the <a href="https://fred.stlouisfed.org/series/MEPAINUSA672N">Federal Reserve Economic Data</a>. &#8220;Inflation is record high (<a href="https://www.dailywire.com/news/inflation-soars-to-four-decade-high-of-7-5">40 year high of 7.5%</a>),&#8221; she added. &#8220;Coping suggestions will get more and more ludicrous…&#8221;
<blockquote class="twitter-tweet">
The median annual salary in the US is $35K! Inflation is record high (40 year high of 7.5%). Coping suggestions will get more and more ludicrous… <a href="https://t.co/ticyTqp1nW">https://t.co/ticyTqp1nW</a>
— Prof Shamika Ravi (@ShamikaRavi) <a href="https://twitter.com/ShamikaRavi/status/1505578399515160578?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
&#8220;Inflation stings most if you’re in the bottom 99% of earners,&#8221; University of Denver political scientist Seth Masket noted.
<blockquote class="twitter-tweet">
Inflation stings most if you’re in the bottom 99% of earners. <a href="https://t.co/UIJwLsrUng">https://t.co/UIJwLsrUng</a>
— Seth Masket (@smotus) <a href="https://twitter.com/smotus/status/1505406429318062081?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
&#8220;The Liberal Establishment Guide To Handling Inflation: &#8216;Eat lentils, poors!’” wrote Michael Knowles, host of &#8220;The Michael Knowles Show&#8221; at The Daily Wire.
<blockquote class="twitter-tweet">
The Liberal Establishment Guide To Handling Inflation:
“Eat lentils, poors!” <a href="https://t.co/Z3tWy9iluh">https://t.co/Z3tWy9iluh</a>
— Michael Knowles 🤌🏼 (@michaeljknowles) <a href="https://twitter.com/michaeljknowles/status/1505648271909400580?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
&#8220;Crazy that one of the suggestions isn’t to stop paying subscriptions to out of touch, dusty media outlets,&#8221; tweeted &#8220;American Dad&#8221; screenwriter Soren Bowie.
<blockquote class="twitter-tweet">
Crazy that one of the suggestions isn’t to stop paying subscriptions to out of touch, dusty media outlets. <a href="https://t.co/C1dTlzqYX3">https://t.co/C1dTlzqYX3</a>
— Soren Bowie (@Soren_Ltd) <a href="https://twitter.com/Soren_Ltd/status/1505634305917132801?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
“Good news. According to Bloomberg, you can avoid all the disastrous policies of the Biden White House for just a mere $300k a year!&#8221; said Texas Republican Congressional Candidate Wesley Hunt. &#8220;Can you say, tone deaf?&#8221;
<blockquote class="twitter-tweet">
Good news. According to Bloomberg, you can avoid all the disastrous policies of the Biden White House for just a mere $300k a year!
Can you say, tone deaf? <a href="https://t.co/qFQUdpHxVo">https://t.co/qFQUdpHxVo</a>
— Wesley Hunt (@WesleyHuntTX) <a href="https://twitter.com/WesleyHuntTX/status/1505558913474650119?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
&#8220;Tips to cope with inflation if you’re poor: &#8211; suck it up, buttercup,&#8221; replied left-wing activist Emily Gorcenski.
<blockquote class="twitter-tweet">
Tips to cope with inflation if you’re poor:
&#8211; suck it up, buttercup <a href="https://t.co/uxhaPySte8">https://t.co/uxhaPySte8</a>
— Emily G (@EmilyGorcenski) <a href="https://twitter.com/EmilyGorcenski/status/1505462095315410951?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
Other responses are below:
<blockquote class="twitter-tweet">
Have you read headlines like this one lately? The mind reels. Boggles. Who the hell do these people think they are? <a href="https://t.co/D6YgbSO91e">https://t.co/D6YgbSO91e</a>
— Matthew J. Peterson (@docMJP) <a href="https://twitter.com/docMJP/status/1505345348071526411?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
<blockquote class="twitter-tweet">
i keep buying lentils but im still poor, what gives <a href="https://t.co/Tt5sqLdSJQ">https://t.co/Tt5sqLdSJQ</a>
— Broski (@broskiFGC) <a href="https://twitter.com/broskiFGC/status/1505530722769149954?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
<blockquote class="twitter-tweet">
<a href="https://t.co/fdCELESNuP">pic.twitter.com/fdCELESNuP</a>
— Matt’s Idea Shop (@MattsIdeaShop) <a href="https://twitter.com/MattsIdeaShop/status/1505334224756301826?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
<blockquote class="twitter-tweet">
“Nobody said this would be fun”? <a href="https://t.co/9j1anwFAw0">https://t.co/9j1anwFAw0</a>
— Elwë Singollo ❄️ 🧝🏻‍♀️ (@Strangeland_Elf) <a href="https://twitter.com/Strangeland_Elf/status/1505536626491113482?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
<blockquote class="twitter-tweet">
➡️ Turn off the money printer <a href="https://t.co/BWVhjSq51Q">https://t.co/BWVhjSq51Q</a>
— Senator Michael Rulli (@michaelrulli) <a href="https://twitter.com/michaelrulli/status/1505334823392587777?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
<blockquote class="twitter-tweet">
People really, really, really, really do not like inflation, and this is why <a href="https://t.co/W7TVIJvgD2">https://t.co/W7TVIJvgD2</a>
— Noah Smith 🐇🇺🇦 (@Noahpinion) <a href="https://twitter.com/Noahpinion/status/1505333348226383872?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
<blockquote class="twitter-tweet">
I don’t think “get rid of your car and eat lentils instead of meat” is a winning message for Democrats. <a href="https://t.co/gtxBAVEm5U">https://t.co/gtxBAVEm5U</a>
— Matt Rinaldi (@MattRinaldiTX) <a href="https://twitter.com/MattRinaldiTX/status/1505363576634150913?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
<blockquote class="twitter-tweet">
Are they serious with this shit? <a href="https://t.co/9Bw7Eyiom1">https://t.co/9Bw7Eyiom1</a>
— Ashe Short (@AsheSchow) <a href="https://twitter.com/AsheSchow/status/1505532098765021188?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
<blockquote class="twitter-tweet">
Get used to poordom, suckers. <a href="https://t.co/wCv3pNpKsE">https://t.co/wCv3pNpKsE</a>
— John Ales AF (@IAmJohnAles) <a href="https://twitter.com/IAmJohnAles/status/1505543567556722698?ref_src=twsrc%5Etfw">March 20, 2022</a></blockquote>
Consumer inflation surged to another historic high in February, according to the Bureau of Labor Statistics’ Consumer Price Index. The inflation rate rose to <a href="https://www.dailywire.com/news/inflation-soars-7-9-in-past-12-months-new-40-year-high">7.9% annually</a>, the fastest increase since January 1982. Wholesale producer prices also surged to record highs. The Producer Price Index showed a <a href="https://www.dailywire.com/news/wholesale-prices-soar-10-in-february-highest-level-on-record">10% increase</a> in wholesale price inflation in February, which was also the largest annual increase on record.

Soup

‘Eat Lentils, Poors!’ Left And Right Slam Bloomberg Article Telling Americans Making Less Than $300k To Spend Less To Cope With Inflation

The Biden administration should focus more on investigating and remedying billions of dollars worth of COVID-19 aid fraud before pumping out more of such spending, Bloomberg’s editorial board wrote on Monday.
In an op-ed published Monday morning, Bloomberg pointed out that the Secret Service estimates that $100 billion in COVID-19 relief funds may have been doled out in fraudulent claims, corrupt deals, or to dead people. The article suggests that Secret Service estimates may be too conservative, however. The editors write:
<blockquote>Even that may be understating the problem. As little as 23% of the $800 billion doled out by the Paycheck Protection Program actually found its way into workers’ pockets. A Department of Labor study estimated that more than $87 billion in emergency unemployment benefits were improperly paid. The Small Business Administration has (among other blunders) disbursed more than $6.2 billion to loan applicants it now suspects of identity theft. Somehow, the Internal Revenue Service managed to issue 2.2 million stimulus checks — worth about $3.5 billion — to dead people.
Only in government could such calamitous neglect be considered business as usual.</blockquote>
So far, the federal government has approved roughly $6 trillion in COVID-19 funds. In providing the funds to Americans in need, however, the government bungled operations with a lack of oversight and communications, leading to “the largest oversight challenge” of President Joe Biden’s administration, Biden’s chief coordinator for COVID-19 spending said last month.
“There is no question that the immense fraud that took place at the crush of the pandemic in 2020, particularly in small-business loans and unemployment insurance, is the largest oversight challenge the Biden administration inherited,” White House senior advisor Gene Sperling <a href="https://www.washingtonpost.com/us-policy/2022/02/17/stimulus-aid-oversight-fraud/">said</a>.
The Biden administration continues to push for billions more in COVID-19 aid roughly two years lockdowns began over COVID-19 in the United States. Biden’s agenda is stalled in Congress, however, as fellow Democrats push back against additional COVID-19 spending. As Punchbowl News reported:
<blockquote>The White House hasn’t done anything to sell this legislation to Congress. This is a complaint you’ll hear from House and Senate Democrats. After weeks of rumors that the Biden administration would seek as much as $30 billion to $35 billion in new Covid funding, the White House sent a $22.5 billion request to Congress just before the omnibus package was released. This quickly was pared by one-third to $15 billion. And then it was cut entirely from the package following the uproar from Democratic lawmakers – spurred on by some Democratic governors.</blockquote>
Bloomberg argued that the Biden administration should focus instead on shoring up the government’s aid programs and appropriating billions in misspent funds before seeking additional COVID-19 aid. The editors suggested improving communication across the government and upgrading aged technology.
“Fixing such deficiencies must be a priority,” the editors wrote. “To his credit, Biden has announced <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/01/fact-sheet-president-biden-to-announce-new-steps-to-combat-criminal-fraud-and-identity-theft-in-pandemic-relief-programs/">several efforts</a> to combat pandemic fraud. But more focus and investment will be required to stop the cancer of corruption for good.”

Bloomberg: U.S. Doled Out Billions In Fraudulent COVID Aid. Where’s The Accountability?

COVID

Fraud

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