President Donald Trump on Thursday called for Federal Reserve Chair Jerome Powell to cut interest rates, saying that his termination couldn&#8217;t come &#8220;fast enough.&#8221;
Trump’s call on Truth Social comes a day after Powell delivered remarks critical of the president at the Economic Club of Chicago. Trump contrasted Powell’s handling of interest rates with the European Central Bank (ECB), which announced interest rate cuts on Thursday. 
“The ECB is expected to cut interest rates for the 7th time, and yet, ‘Too Late’ Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!’ Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS,” Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114352766082542122" target="_blank" rel="noopener">posted</a> on his social media network. “Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!”
Trump has <a href="https://truthsocial.com/@realDonaldTrump/posts/114280322706682564">repeatedly</a> called for Powell to cut interest rates, saying that the Fed chair was “playing politics” with the economy earlier this month. 
On Wednesday, Powell <a href="https://www.youtube.com/watch?v=1o_9kO0zZQg" target="_blank" rel="noopener">said</a> that he believed Trump’s tariffs would cause inflation. Trump has imposed a baseline 10% tariff on most American trading partners, a 145% tariff on Chinese goods, and select tariffs on other products, such as automobiles. 
“Tariffs are highly likely to generate at least a temporary rise in inflation,&#8221; Powell said. &#8220;The inflationary effects could also be more persistent. Avoiding that outcome will depend on the size of the effects, on how long it takes for them to pass through fully to prices, and, ultimately, on keeping longer-term inflation expectations well anchored.&#8221; 
Powell added that he was waiting “for greater clarity before considering any adjustments to our policy stance.”
“We’re always going to be aiming for maximum employment and price stability,&#8221; he said. “I do think we’ll be moving away from those goals for the balance of this year, or at least not making any progress, and then we’ll resume that progress as we can.”
Trump has said that the tariffs are generating billions in revenue for the federal government and are necessary to get more favorable trade deals for the United States. On Thursday, he <a href="https://truthsocial.com/@realDonaldTrump/posts/114353201227355474" target="_blank" rel="noopener">said</a> that “every nation” wants to meet over the tariffs, including China. The president and his staff met with Japan on Wednesday and are expected to meet with Italy on Thursday to discuss the tariffs. 
Powell&#8217;s post as chair of the Fed runs through May 2026. He previously <a href="https://www.politico.com/live-updates/2024/11/07/congress/feds-powell-says-trump-cant-fire-him-00188311" target="_blank" rel="noopener">said</a> that it would be unlawful for Trump to remove him.

President Trump Announces Nominee For Federal Reserve Chair Of The Board Of Governors

Trump Attacks Fed Chair Jerome Powell: ‘Termination Cannot Come Fast Enough’

Donald Trump

Economy

Executive

Federal Reserve

Inflation

Interest Rates

Jerome Powell

Politics

Tariffs

Inflation cooled faster than economists’ expectations in the month of March, though the impacts of tariffs could still mitigate those gains.
The Consumer Price Index (CPI), an estimate of the price of all household consumer goods and services, <a href="https://www.barrons.com/livecoverage/cpi-report-inflation-data-march" target="_blank" rel="noopener">rose</a> by 2.4% year-over-year in March, beating economists’ expectations of a 2.6% increase, though still higher than the Federal Reserve’s goal of 2%. Core CPI, a measure of CPI excluding more volatile food and fuel prices, rose 2.8% year-over-year, less than the predicted 3%.
While inflation is cooling, Federal Reserve officials and experts have signaled that interest rate cuts might not happen in the near term. Fed Chairman Jerome Powell said Friday that President Donald Trump’s fast-moving trade policies should be given some time before the Fed looks at interest rate adjustments either way.
Mohamed El-Erian, president of Queens’ College, Cambridge, and chief economic adviser at Allianz SE, made a similar comment Thursday morning on X, noting the positive inflation signs might not immediately impact interest rates.
“US CPI inflation for March was better (lower) than the consensus forecasts — across the board. The monthly price changes came in at -0.1% for headline and 0.1% for core. This took the annual measures down to 2.4% and 2.8%, respectively — low levels not seen for several years,” El-Erian said.
“The forward-looking information content of these numbers is heavily influenced by how you think all the news on tariffs will impact price/wage-setting behavior, as well as household/corporate impact on aggregate demand,” he added.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
US CPI inflation for March was better (lower) than the consensus forecasts — across the board. The monthly price changes came in at -0.1% for headline and 0.1% for core. This took the annual measures down to 2.4% and 2.8%, respectively — low levels not seen for several years.… <a href="https://t.co/xDeYFZ8y0W">https://t.co/xDeYFZ8y0W</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1910313276660916421?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
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Minneapolis Fed President Neel Kashkari wrote in an <a href="https://www.minneapolisfed.org/article/2025/potential-implications-of-announced-tariffs-for-monetary-policy" target="_blank" rel="noopener">essay</a> Wednesday morning – before the inflation report or Trump’s 90-day pause on most tariffs on most countries was announced – that interest rates should stay the same until tariffs have more time to take effect.
“In my view, the hurdle to change the federal funds rate one way or the other has increased due to the tariffs. Given the paramount importance of keeping long-run inflation expectations anchored and the likely boost to near-term inflation from tariffs, the bar for cutting rates even in the face of a weakening economy and potentially increased unemployment is higher,” Kashkari wrote. “Given that we don’t yet know how many countries will respond to the tariffs and whether we are beginning a trade war with tit-for-tat tariff increases, the risk of unanchoring inflation expectations seems to have increased notably.”

Inflation Cools Faster Than Expected In March: ‘Low Levels Not Seen For Several Years’

consumer Price Index

On Wednesday, in an apparent response to the latest tariff increase by President Donald Trump on China to 104%, the yield – or interest rate – on the benchmark 10-year U.S. Treasury bond rose again, possibly spurring a cut in interest rates by the Federal Reserve.
“The exodus from longer-dated US Treasuries accelerated, fueling the biggest selloff since 2020 in what are supposed to be the world’s safest assets,” Yahoo Finance <a href="https://finance.yahoo.com/news/treasuries-fire-sale-sends-long-065717018.html" target="_blank" rel="noopener">reported</a>. U.S. Bonds are backed by the government, and the U.S. economy has been the strongest in the world for decades, so investors think the government will not default on them, making them a safe proposition. But they become less valuable as inflation rises, and some investors have been voicing concern that inflation may well result if President Trump’s tariffs are too harsh and are left in place.
On Monday, JP Morgan Chase CEO Jamie Dimon <a href="https://www.nbcnews.com/politics/trump-administration/jpmorgan-ceo-jamie-dimon-says-trump-tariffs-will-boost-inflation-slow-rcna199956" target="_blank" rel="noopener">warned</a> of inflationary pressure, saying, “Whatever you think of the legitimate reasons for the newly announced tariffs — and, of course, there are some — or the long-term effect, good or bad, there are likely to be important short-term effects. We are likely to see inflationary outcomes, not only on imported goods but on domestic prices, as input costs rise and demand increases for domestic products. Whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth.”
“This is a fire sale of Treasuries,” Calvin Yeoh of Blue Edge Advisors said. “I haven’t seen moves or volatility of this size since the chaos of the pandemic.”
A dramatic selloff of U.S. bonds resulted on Wednesday as investors seemingly lost confidence in the American economy. “The 10-year Treasury yield has risen 36 basis points (bps) to 4.35% this week alone as prices fall sharply. If sustained, that would mark the biggest weekly jump since 2013,” <a href="https://www.reuters.com/markets/global-markets-tariffs-bonds-2025-04-09/" target="_blank" rel="noopener">Reuters</a> noted. “The yield on a 30-year bond briefly traded above 5 percent,” The New York Times <a href="https://www.nytimes.com/2025/04/09/business/economy/us-bonds-trump-truss-treasury-yield.html" target="_blank" rel="noopener">added</a>.
“Markets are pricing a growing probability of an emergency [interest rate] cut, just as we saw during the Covid turmoil and the height of the GFC [global financial crisis] in 2008,” Jim Reid of Deutsche Bank <a href="https://www.theguardian.com/business/2025/apr/09/dramatic-sell-off-of-us-government-bonds-as-tariff-war-panic-deepens" target="_blank" rel="noopener">stated</a>.
“There is a temporary ‘buyer’s strike’ in the US bond market,” Homin Lee Lombard Odier Ltd. <a href="https://www.investmentnews.com/industry-news/treasuries-suffer-sharp-fire-sale-sell-off/260049" target="_blank" rel="noopener">theorized</a>. “If the situation becomes more worrisome the US Fed will have some tools it can utilize for market stability.”

U.S. Savings Bond Background

Dramatic Selloff Of U.S. Bonds Hits, Investors Worried About U.S. Economy

Treasury Bonds

Peter Navarro, who is the White House senior counselor for trade and manufacturing, defended President Donald Trump&#8217;s plans for implementing tariffs on imports ahead of what is anticipated to be a major escalation in the trade war next week.
Trump, who has already issued some tariffs during his second term, has declared that April 2 will be <a href="https://www.dailywire.com/news/trump-slaps-tariff-on-all-countries-that-buy-oil-from-venezuela" target="_blank" rel="noopener">&#8220;Liberation Day&#8221;</a> featuring a wave of new reciprocal tariffs followed by a <a href="https://www.dailywire.com/news/trump-touts-businesses-coming-back-with-new-plan-for-25-tariffs-on-vehicles" target="_blank" rel="noopener">25% tariff</a> on automotive imports to the United States on April 3.
Polls have shown that Americans fear the tariffs on imports will hurt the U.S. economy and jobs, but during an interview on &#8220;Fox News Sunday,&#8221; Navarro urged people to &#8220;trust in Trump&#8221; as he harkened back to the &#8220;example&#8221; set during the president&#8217;s first term.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
.<a href="https://twitter.com/RealPNavarro?ref_src=twsrc%5Etfw">@RealPNavarro</a>: &quot;We have the example from the first term. We know that we imposed historically high tariffs&#8230; and all we got out of that was prosperity and price stability&#8230; the Germans, the Japanese, the South Koreans and the Mexicans have taken our manufacturing capability.… <a href="https://t.co/1nII1TVKHF">pic.twitter.com/1nII1TVKHF</a>
&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1906342561553301753?ref_src=twsrc%5Etfw">March 30, 2025</a></blockquote>
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&#8220;We know that we imposed historically high tariffs on China. We imposed aluminum and steel tariffs. We imposed on washing machines, on solar, and all we got out of that, Shannon — all we got out of that was prosperity and price stability,&#8221; Navarro told anchor Shannon Bream.
&#8220;And the reason why we&#8217;re not going to see inflation is because the foreigners are going to eat most of it. They have to; we&#8217;re the biggest market in the world, Shannon,&#8221; he added. &#8220;And they have to be here. They have to be here. And so they&#8217;re going to cut their prices to absorb that.&#8221;
Navarro said the &#8220;bigger picture here is restoring the American manufacturing base,&#8221; adding, &#8220;We don&#8217;t have that. We&#8217;re an assembly thing.&#8221;
Looking back to the 1940s, Navarro said there was &#8220;something called the &#8216;arsenal of democracy&#8217; back in World War II. That was how we beat the Japanese and the Germans with our military might.&#8221;
&#8220;When General George S. Patton &#8220;went to Berlin, it was with trucks, Jeeps, and tanks that were made in the auto plants of the Midwest,&#8221; Navarro continued. &#8220;Right now, the only thing that looks like the Midwest back then is Mexico. You go across the diaspora of cities in Mexico, there&#8217;s football-field-sized — 50 football field-sized assembly plants that are down there making the engines for here. We can&#8217;t do that.&#8221;

Peter Navarro

Tariff Escalation Won’t Cause Inflation; Foreigners Will ‘Eat Most Of It’: Trump Trade Counselor

U.S.

In another sign of the success of the Trump administration, the inflation rate for February came in lower than economists had predicted, with core consumer prices dropping to their lowest level in nearly four years.
“The annual core consumer price inflation rate in the United States, which excludes items such as food and energy, eased to 3.1% in February 2025, from 3.3% in the prior month and below market expectations of 3.2%. It is the lowest figure since April 2021,” Trading Economics <a href="https://tradingeconomics.com/united-states/core-inflation-rate" target="_blank" rel="noopener">reported</a>.
“Today’s CPI report shows inflation is declining and the economy is moving in the right direction under President Trump. Core consumer prices, which is the best measure of inflation, dropped to its lowest level in FOUR years. This inflation report, much like last week’s jobs report, is far better than the media predicted and the so-called ‘experts’ expected,” White House Press Secretary Karoline Leavitt <a href="https://www.whitehouse.gov/briefings-statements/2025/03/winning-inflation-eases-as-job-creation-soars-and-border-security-pays-off/" target="_blank" rel="noopener">celebrated</a> on Wednesday morning.
According to the Bureau of Labor Statistics (BLS) at the Labor Department, the consumer price index only rose a seasonally adjusted 0.2%, putting the annual inflation rate at 2.8%. The Federal Reserve has a goal of <a href="https://www.nytimes.com/live/2025/03/12/business/trump-tariffs-steel-aluminum" target="_blank" rel="noopener">reducing</a> inflation to 2.0%. BLS also reported that inflation-adjusted average hourly earnings rose 0.1% in February, up 1.2% from one year ago.
“Economists surveyed by Dow Jones had been looking for 0.3% increases on both headline and core, with respective annual rates of 2.9% and 3.2%, meaning that all of the rates were 0.1 percentage point less than expected,” CNBC <a href="https://www.cnbc.com/2025/03/12/cpi-inflation-report-february-2025.html" target="_blank" rel="noopener">reported</a>.
“A deceleration in airfares and gas prices helped drive February’s cooldown,” Barron’s <a href="https://www.barrons.com/livecoverage/cpi-report-inflation-data-february" target="_blank" rel="noopener">explained</a>. The slowing of inflation might cause Federal Reserve officials to consider rate cuts. “The Fed plays closer attention to a separate gauge that analysts said could show firmer price pressures in February. That reading won&#8217;t appear until later this month, but a third inflation series due Thursday will tell officials where their preferred measure is likely to stand,” The Wall Street Journal <a href="https://www.wsj.com/livecoverage/cpi-report-today-inflation-stock-market-03-12-2025/card/what-the-february-inflation-report-means-for-the-fed-V7gk6Avq1zLyk5Cu2Y2V">noted</a>. The current policy rate from the Fed rests between 4.25%-4.50%.
“The February CPI release showed further signs of progress on underlying inflation, with the pace of price increases moderating after January’s strong release,” Kay Haigh of Goldman Sachs Asset Management reacted. “While the Fed is still likely to remain on hold at this month’s meeting, the combination of easing inflationary pressures and rising downside risks to growth suggest that the Fed is moving closer to continuing its easing cycle.”
“A lot of this inflation data does not incorporate what is to come and what already has happened for tariffs,” Kevin Gordon, senior investment strategist at Charles Schwab, warned. “The vagaries and uncertainties associated with policy are still a much stronger force in the market than anything CPI-related or in terms of one data point.”
Egg prices rose 10.4% in February, but the Trump administration is addressing that problem; in February, U.S. Secretary of Agriculture Brooke Rollins <a href="https://www.usda.gov/about-usda/news/press-releases/2025/02/26/usda-invests-1-billion-combat-avian-flu-and-reduce-egg-prices" target="_blank" rel="noopener">announced</a> a $1 billion comprehensive strategy to prevent avian influenza (HPAI) and protect the U.S. poultry industry.
“The Biden administration did little to address the repeated outbreaks and high egg prices that followed. By contrast, the Trump administration is taking the issue seriously,” Secretary Rollins stated. “American farmers need relief, and American consumers need affordable food. To every family struggling to buy eggs: We hear you, we’re fighting for you, and help is on the way.”

President Trump Establishes White House Task Force for 2026 World Cup

More Trump Success: Core Consumer Prices Dip To Lowest Level In Almost 4 Years As Inflation Eases

eggs

Trump Administration

When Joe Biden took office in January 2021, he inherited the Trump economy. An economy on the path to recovery from the COVID pandemic – a country experiencing rapid job growth, a strong stock market, and a resurgence in consumer spending.
Instead of fostering this economic recovery with pro-growth policies, or simply sitting back and doing nothing, the Biden administration implemented an economic agenda of excessive government spending, overregulation, and a war on oil, all of which drove inflation and stalled the then robust economy.
Sadly, because of the failed economic policies of the Biden administration, the U.S. economy, and the American people, are facing economic headwinds which may well reach deep into 2025. Fortunately, the Trump administration is pursuing a handful of policies which will return the American economy to strength and greatness, and the American worker to greatness.
The first major economic <a href="https://www.axios.com/2024/11/10/trump-policy-stimulus-inflation" target="_blank" rel="noopener">misstep</a> of the Biden administration was the passage of the nearly $2 trillion American Rescue Plan (ARP) in 2021, which did little except to throw gasoline onto an already hot economy. 
At a time when the economy was on the mend and inflation under control, Biden unnecessarily printed money and poured it into the economy, flooding it with cash. As a result, <a href="https://internationalbanker.com/finance/bidens-economic-scorecard-overshadowed-by-the-worst-us-inflation-rate-in-40-years/" target="_blank" rel="noopener">inflation</a> surged to 9.1% in 2022, a rate not seen since 1981, squeezing household budgets and eroding Trump-era wage gains.
To combat this inflation, the Federal Reserve aggressively raised interest <a href="https://budget.house.gov/press-release/interest-costs-skyrocket-by-152-percent-under-president-biden" target="_blank" rel="noopener">rates</a>, bringing them from near zero in 2022 to over 5% in late 2023, an increase of more than 150%.
<a href="https://www.heritage.org/housing/commentary/biden-killing-the-american-dream-homeownership" target="_blank" rel="noopener">Mortgages</a> skyrocketed, with the average 30-year rate surpassing 7%, making home ownership all but impossible for first-time homebuyers, and forcing many who wanted to sell their homes to remain in place, creating a scarcity of housing inventory, driving up prices.
During this time, Biden expanded welfare programs, including extending <a href="https://www.cnbc.com/2021/01/14/biden-unemployment-plan-400-boost-extra-benefits-for-six-months.html" target="_blank" rel="noopener">unemployment</a> benefits, and illegally forgave student <a href="https://www.nbcnews.com/politics/joe-biden/biden-cancels-student-loan-another-150000-borrowers-rcna187453" target="_blank" rel="noopener">loan</a> debts. This discouraged workforce participation, exacerbating labor shortages.
As inflation continued, real wages <a href="https://www.statista.com/chart/33790/nominal-and-real-wage-growth-in-the-united-states/" target="_blank" rel="noopener">stagnated</a>, or declined, leaving Americans struggling to pay for essentials such as food, gas, and housing. <a href="https://www.frbsf.org/research-and-insights/blog/sf-fed-blog/2024/05/03/pandemic-savings-are-gone-whats-next-for-us-consumers/" target="_blank" rel="noopener">Savings</a> eroded, credit card <a href="https://www.cbsnews.com/news/credit-card-debt-total-us-2024/">debt</a> reached record levels, and people began defaulting on <a href="https://www.heritage.org/housing/commentary/biden-killing-the-american-dream-homeownership" target="_blank" rel="noopener">mortgages</a> and <a href="https://www.foxbusiness.com/lifestyle/americans-falling-behind-car-payments" target="_blank" rel="noopener">car</a> payments.
Biden’s war on <a href="https://www.gop.gov/news/documentsingle.aspx?DocumentID=766" target="_blank" rel="noopener">fossil fuels</a> and his support of the Green New Deal Mafia contributed to higher energy costs and supply chain disruptions, while depleting the nation’s strategic petroleum reserve, and sending billions to America’s oil exporting enemies such as Iran and Venezuela. 
Biden’s economic hangover continues today, hindering President Trump’s current efforts to reinvigorate the American economy.
<a href="https://www.bls.gov/news.release/pdf/cpi.pdf" target="_blank" rel="noopener">Inflation</a> remains stubbornly high today, at 3% for the year ending January 2025. <a href="https://www.cnbc.com/2025/02/27/weekly-jobless-claims-jump-to-242000-more-than-expected-in-latest-sign-of-economic-softening.html" target="_blank" rel="noopener">Jobless</a> claims are increasing as well, passing 240,000 in the latest report from the government, as companies prepare for an economic slowdown. While energy prices are coming down, Americans are still feeling the price at the pump, as they are at the grocery store, as Bird Flu has resulted in 166 million chickens, turkeys, and ducks being <a href="https://www.latimes.com/environment/story/2025-02-26/poultry-culling-hasnt-stopped-h5n1-bird-flu" target="_blank" rel="noopener">culled</a>, driving the price of both eggs and poultry to astronomic levels.
There is a path to near term economic recovery, and the Trump administration is pursuing six critical paths to economic recovery, growth, and prosperity.
First, the administration is working to get government spending under control. Trump has done this by forming the Department of Government Efficiency, DOGE, under the influence of Elon Musk. This new organization has already identified billions in governmental waste, fraud, and abuse in one month. It has also worked to make the government more efficient by updating IT infrastructure. If nothing else, the work of DOGE has made the American people feel that, finally, the government may be spending their money in a responsible manner.
Second, Trump is working to make the Tax Cuts and Jobs Act of his previous term permanent. This would stimulate the economy by avoiding the largest tax increase in American history and giving the American consumer the confidence needed to spend and invest.
Third, the administration is pursuing more deregulation. From accelerating approvals for new American factories, to expedited oil exploration permits, reversing regulation removes the chains from American businesses and fosters investment, all of which stimulate the economy in a non-inflationary manner, creating growth.
Fourth, implementing tariffs to protect domestic industries will stimulate the economy and will not be inflationary. As a free-market economist, this pains me to write, but it is needed, especially the reciprocal tariffs on countries who put import tariffs on American goods such as cars, bourbon, and energy. A pro-tariff policy will either encourage direct investment in the United States or level the playing field for American business — either of which will stimulate employment.
Fifth, continue to pursue energy dominance. Rolling back green energy regulations and mandates that currently discourage oil and gas exploration, and hinder energy exports will boost the energy sector, reduce the cost of energy, and provide working Americans with much needed additional disposable income.
Sixth, the administration must continue to control the border and deport those in the United States illegally. The presence of these illegal workers, those who do work, drives down <a href="https://edworkforce.house.gov/uploadedfiles/9.13.23_camarota_testimony_help_subcommittee_hearing_on_open_borders_and_workforce.pdf">wages</a> for American citizens. The removal of these illegal workers will help American workers’ wages grow and recoup the losses caused by inflation under the Biden administration.
President Trump and his administration are pursuing the correct strategies to recreate and surpass the pre-COVID Trump economy. He must continue to act boldly and aggressively to drive these changes as fast as possible and help the American worker.
* * *
Jim Nelles is a Navy veteran and supply chain consultant based in Chicago. His articles have appeared in the Washington Examiner, Newsweek, Foxnews.com, and the Daily Wire. He has served as a chief procurement officer, chief supply chain officer, and chief operations officer for multiple companies.
The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.

Overcoming The Biden Economic Hangover

American Rescue Plan

Biden Administration

Department of Government Efficiency (DOGE)

Economics

Elon Musk

Mortgages

Opinion

Inflation in the U.S. increased 3% in January compared to the previous year, rising for the fourth straight month and presenting an economic challenge for the new administration in the White House.
The <a href="https://www.bls.gov/news.release/cpi.nr0.htm" target="_blank" rel="noopener">Consumer Price Index&#8217;s</a> increase was higher than economists predicted, as grocery prices in January also ticked up 0.5% from the previous month and 1.9% year-over-year. The January CPI numbers mark the final report for former President Joe Biden&#8217;s time in office and the first days of the new Trump administration.
According to the U.S. Bureau of Labor Statistics (BLS) report released on Wednesday, &#8220;The index for meats, poultry, fish, and eggs rose 1.9 percent over the month, as the index for eggs increased 15.2 percent.&#8221; The massive increase in the cost of eggs is due to widespread bird flu, which resulted in a nationwide egg shortage. Along with raising prices, grocery stores across the U.S. have limited the number of egg cartons customers can purchase in one trip, and some restaurants are <a href="https://wehotimes.com/hugos-restaurant-raises-prices-on-egg-dishes-amid-nationwide-shortage/#:~:text=Menu%20items%20containing%20eggs%20will,though%20availability%20may%20be%20limited.">charging more</a> for orders that include eggs.
The price jump for eggs was the largest increase since June 2015 and &#8220;accounted for about two thirds of the total monthly food at home increase,&#8221; according to the BLS. Foods other than eggs rose 0.3% in January. The energy index also rose 1.1% in January as gas prices jumped 1.8%.
Trump commented on the inflation report with a Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/113991292104953657" target="_blank" rel="noopener">post</a> on Wednesday morning, simply writing, &#8220;BIDEN INFLATION UP!&#8221; Earlier in the morning, Trump said that interest rates &#8220;should be lowered,&#8221; adding that it would &#8220;go hand in hand with upcoming Tariffs!!!&#8221; The rise in inflation, however, will give the Federal Reserve a reason to keep interest rates where they currently stand.
In his first weeks back in office, Trump has focused much of his economic policy on tariffs and energy production. Earlier this week, the president <a href="https://www.dailywire.com/news/trump-signs-executive-order-imposing-tariffs-on-steel-and-aluminum" target="_blank" rel="noopener">imposed</a> a 25% tariff on steel and aluminum imports, which the White House argues will help revitalize U.S. industry and boost production. However, some <a href="https://www.wsj.com/opinion/donald-trump-25-percent-tariffs-steel-aluminum-manufacturing-business-28c1f839" target="_blank" rel="noopener">worry</a> that the steel and aluminum tariffs will hurt American manufacturers and workers.
Inflation skyrocketed to more than 9% under President Biden before gradually falling to 2.4% in September 2024. Since September, inflation has slowly ticked back up each month. After Trump vowed on the campaign trail to &#8220;immediately&#8221; alleviate the stress on Americans&#8217; wallets, the administration suggested that plan could take some time. Vice President JD Vance told CBS News last month, &#8220;Rome wasn&#8217;t built in a day,&#8221; adding that “it’s going to take a little bit of time” before Americans see their grocery bills go down.
&#8220;Donald Trump has already taken multiple executive actions that are going to lower energy prices, and I do believe that means consumers are going to see lower prices at the pump and at the grocery store, but it&#8217;s going to take a little bit of time,&#8221; Vance <a href="https://www.cbsnews.com/news/jd-vance-transcript-face-the-nation-01-26-2025/" target="_blank" rel="noopener">told</a> CBS News host Margaret Brennan.

Grocery Store

Inflation, Grocery Prices Rose In January Adding Challenges To Trump’s 2nd Term

groceries

Joe Biden

During a speech to the World Economic Forum on Thursday, President Donald Trump said his administration was ushering in a “revolution of common sense.”
Trump, who appeared virtually, slammed the Biden administration during his speech and listed off a number of the executive orders he has made on energy, spending, and the economy. During his appearance, Trump urged Saudi Arabia to lower the price of oil and promised businesses that make their products in the U.S. would benefit from low taxes. 
“What the world has witnessed in the past 72 hours is nothing less than a revolution of common sense,” Trump said. “Our country will soon be stronger, wealthier, and more united than ever before and the entire planet will be more peaceful and prosperous as a result of this incredible momentum.”
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During the speech, Trump criticized Biden’s handling of the economy and the border, citing $8 trillion in “wasteful deficit spending,” “crippling regulations,” and record-high inflation during the Biden administration. 
“My administration is acting with unprecedented speed to fix the disasters we’ve inherited from a totally inept group of people, and to solve every single crisis facing our country. This begins with confronting the economic chaos caused by the failed policies of the last administration,” he said. 
“President Biden totally lost control of what was going on in our country, but, in particular, with our high inflation economy and at our border,” Trump added.  
<iframe loading="lazy" title="‘Totally Lost Control’: Trump Levels Biden On The Global Stage During World Economic Forum Speech" width="500" height="281" src="https://www.youtube.com/embed/rIAQsBewwJc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
&#8220;From the moment I took office, I&#8217;ve taken rapid action to reverse each and every one of these Radical Left policies that created this calamity. In particular, with immigration, crime, and inflation,” he said. 
This action included enacting a federal hiring freeze, a freeze on regulation, a pause on foreign aid, creating the Department of Government Efficiency, withdrawing from the Paris Climate Accords, ending Biden’s electric vehicle mandate, and declaring a national energy emergency. 
Trump also promised that countries that make their products in America would benefit from low corporate taxes. 
“My message to every business in the world is very simple: come make your product in America and we will give you among the lowest taxes of any nation on earth,” Trump said. “But if you don&#8217;t make your product in America, which is your prerogative, then very simply, you will have to pay a tariff.”
<iframe loading="lazy" title="Trump Tells The World How He Is Going To Turn The U.S. Into ‘Manufacturing Superpower’" width="500" height="281" src="https://www.youtube.com/embed/NMyHCDcf2KE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Day Three Of World Economic Forum (WEF) 2025

Trump Promises ‘Revolution Of Common Sense’ In Speech To World Economic Forum

Illegal Immigration

World Economic Forum

Joe Biden has left the building, but Bidenflation has not completely abated. A lot of us are still feeling the inflationary pain at the grocery store. Eggs, for example, went up a whopping 37%. To be fair, this was mostly due to negative supply shocks driving up the actual cost of producing eggs.
That sticker shock was recently compounded by a new “cage-free” law that <a href="https://www.freep.com/story/news/local/michigan/2024/12/18/michigan-cage-free-eggs-new-law-impact-prices/76966711007/" target="_blank" rel="noopener">officially went into effect</a> here in Michigan on January 1, 2025. Farms with more than 3,000 egg layers can no longer confine their chickens in cages, but must give them room to “<a href="https://www.michigan.gov/mdard/food-dairy/foodlaw/cage-free-egg-law" target="_blank" rel="noopener">roam unrestricted in indoor environments</a>.” 
The large egg producers that supply grocery stores have had to take a giant step backwards and rebuild their egg operations at a significantly higher cost structure. On top of that, according to the USDA, bird flu recently killed off over <a href="https://www.unmc.edu/healthsecurity/transmission/2025/01/14/u-s-egg-industry-sees-record-chicken-deaths-from-bird-flu-outbreak/#:~:text=More%20than%2020%20million%20egg,supply%20since%20the%20outbreak%20began." target="_blank" rel="noopener">20 million hens</a>. The combination of bird flu and cage-free mandates have pushed egg prices to all-time highs.
I’m not here to complain about egg prices, though. Bird flu outbreaks are terrible bad luck, but chicken flocks will recover. Farmers will adapt to the cage-free mandates and the price of eggs will subside.
The egg crisis, however, did reveal a grotesque contradiction in our public policy: In Michigan, chickens now have more legal protections than some humans. I’m talking about unborn babies, who can be killed through all nine months of pregnancy in this state, and in a quite inhumane manner, might I add. This is thanks to some of the most radically pro-abortion policies in the country, enacted in recent years under Governor Gretchen Whitmer’s leadership. Michigan voters ensconced a right to “reproductive freedom” into our state constitution in the 2022 election, which led to the repeal of nearly all abortion restrictions by the state legislature during 2023. According to the pro-abortion Guttmacher Institute, Michigan now ranks as <a href="https://states.guttmacher.org/policies/michigan/abortion-policies" target="_blank" rel="noopener">“very protective” of so-called abortion rights.</a>
Ironically, just after signing the bills that repealed abortion restrictions, Governor Whitmer established the <a href="https://www.michigan.gov/whitmer/news/press-releases/2023/06/01/whitmer-establishes-the-growing-michigan-together-council-to-focus-on-population-growth" target="_blank" rel="noopener">“Growing Michigan Together Council”</a> to “develop a statewide strategy aimed at making Michigan a place everyone wants to call home by attracting and retaining talent, improving education throughout the state, upgrading and modernizing our transportation and water infrastructure to meet 21st century needs, and continuing Michigan’s economic momentum.” Michigan, you see, ranks 49th in population growth, and even leftists realize that’s not good for the economy. So the state formed a commission to come up with comprehensive solutions to get Michigan growing again.
I’ve got one: Let’s stop killing babies.
Whitmer and her ilk are right that our near-zero rate of population growth is a major problem with massive social, economic, and political consequences. Conservatives have been tracking <a href="https://thefederalist.com/2019/03/27/what-will-be-the-consequences-of-our-plummeting-birth-rate/">declining trends in fertility</a> and <a href="https://thefederalist.com/2019/03/13/dear-david-frum-u-s-population-growth-not-problem-solution/" target="_blank" rel="noopener">population growth</a> for years, sounding the alarm about the potential for demographic collapse. Awareness of population decline and its frightening ramifications is finally going mainstream, perhaps thanks to Elon Musk proclaiming that population decline is a much bigger existential problem than climate change. He’s right, of course, and serious people are catching on. Outlets such as the <a href="https://www.wsj.com/us-news/u-s-deaths-expected-to-outpace-births-within-the-decade-9c949de8" target="_blank" rel="noopener">Wall Street Journal</a>, <a href="https://www.economist.com/leaders/2023/06/01/global-fertility-has-collapsed-with-profound-economic-consequences?utm_content=section_content&amp;gad_source=1&amp;gclid=CjwKCAiAnKi8BhB0EiwA58DA4ct5fzkrQ9sKipRa-wCbLWsfKj-iv6AMak4OoGEIlDl9qyJmXdQC8RoC8DkQAvD_BwE&amp;gclsrc=aw.ds" target="_blank" rel="noopener">The Economist</a>, and <a href="https://www.cnn.com/2023/01/19/politics/china-population-us-what-matters/index.html" target="_blank" rel="noopener">even CNN</a> are getting wise to the bitter implications of declining birth rates and population collapse.
When people have fewer babies, <a href="https://www.imf.org/en/Publications/fandd/issues/2024/09/picture-this-demographic-decline-andrew-stanley#:~:text=Lower%20birth%20rates%20result%20in,putting%20pressure%20on%20public%20finances." target="_blank" rel="noopener">everyone is worse off</a>. Economically, we get a smaller workforce that produces less output, generates less innovation, and results in lower incomes and fewer opportunities. Politically, we get a shrinking tax base that makes it harder for the government to fund and provide public goods like infrastructure, police, and defense. The population pyramid becomes inverted—more old people than young people. Each working-age person is now financially responsible for a larger number of retirees’ government-funded pensions and healthcare, putting even bigger strains on the welfare state. At a personal level, <a href="https://cosm.aei.org/who-is-happiest-married-mothers-and-fathers-per-the-latest-general-social-survey/" target="_blank" rel="noopener">childless (and typically unmarried) people find themselves increasingly alone and unhappy.</a> The disease has advanced so far that we now have a generation of <a href="https://www.wsj.com/lifestyle/relationships/americans-are-having-fewer-babiesso-fewer-people-get-to-be-grandparents-a99b6001?mod=Searchresults_pos17&amp;page=1" target="_blank" rel="noopener">older folks lamenting that they’ll never see grandchildren</a>.
Several countries are entering a “demographic winter,” with more deaths than births and rapidly falling headcounts. Japan, <a href="https://www.newsweek.com/japan-news-population-crisis-3-numbers-1954889" target="_blank" rel="noopener">whose population has been in freefall since 2009</a>, offers a sad and tragic cautionary tale on population decline. <a href="https://www.newyorker.com/magazine/2018/04/30/japans-rent-a-family-industry" target="_blank" rel="noopener">Old people rent stand-in grandkids</a>. In lieu of big supportive families, <a href="https://japantoday.com/category/tech/the-rise-of-companion-robots-in-japan" target="_blank" rel="noopener">lonely elders rely on emotional support robots.</a> Young people, men, in particular, are <a href="https://www.theguardian.com/world/2013/oct/20/young-people-japan-stopped-having-sex" target="_blank" rel="noopener">losing interest in sex</a>. The trend ends in civilizational annihilation.
So how do we prevent Michigan, and the United States, from going down the demographic drain? Birth rates in America have been below the replacement rate of 2.1 children per woman since around 2008. We’ve been able to make up for declining births with massive immigration, which has kept population growth positive. You may have noticed, though, that large-scale immigration—most of it of the illegal variety — is falling out of favor. With a new administration actually enforcing immigration laws, it’s unlikely that foreigners will continue to make up for our birth dearth.
Policy wonks have all sorts of ideas for incentivizing people to have more kids. Many GOP legislators favor boosting child tax credits. Leftists who acknowledge the problem usually want more government-funded daycare or more generous parental leave. The nonpartisan Growing Michigan Together Council thinks the answer is a better statewide education system and more accessible public transit.
Any of these things might have some benefit at the margin, but interestingly (and sadly) I noticed in the Growing Michigan report exactly zero references to the direct solution: more babies. And there’s a really straightforward policy solution to a huge aspect of that problem, which is to just stop killing them. According to state data, from 1982 to 2023, <a href="https://www.mdch.state.mi.us/osr/abortion/Tab_A.asp" target="_blank" rel="noopener">Michigan lost 1.3 million children to abortion</a>. This is surely an undercount since it does not track babies terminated at home via the abortion pill. For the country as a whole, <a href="https://www.nrlc.org/uploads/factsheets/FS01AbortionintheUS.pdf" target="_blank" rel="noopener">we’ve lost 63.5 million people to the abortion holocaust</a> since legalization in 1973. 
Numerically speaking, abortion is the primary problem when it comes to demographic decline, and it is entirely symptomatic of the root cause of all our problems: We are sacrificing the next generation on the altar of personal freedom, convenience, and hedonism. Too many people view marriage as a spirit-crushing trap and babies — even live ones kicking the womb — as a call option: If you’re not “in the money” with financial success or self-confidence, you can simply let it expire, and toss out that tiny helpless human like last week’s leftovers.
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No policy tweaks or monetary incentives will change people’s deeply held values about babies, families, marriage, and the meaning of life. Well-meaning members of the Growing Michigan Together Council are completely deaf, dumb, and mute regarding the actual problem here: we are killing babies, and we need to stop. The real problem is spiritual. It’s good vs. evil. It’s in our hearts. Now that killing babies is grotesquely enshrined as a “right” in many states, it’s going to take a huge shift in cultural values to turn the tide. Recommendations for “improving education” here or “increasing incentives” there just aren’t going to cut it — they are putting band-aids on a tumor.
America needs people. It’s good, right, and proper (and fun) for young men and women to get together, form families, and have kids. We need to return to a basic set of shared cultural values that recognizes and promotes the old normal: get married, have kids, and enjoy the good old family life. Ending abortion would be a huge step towards that shift in values, but it will most likely come as a result, not a cause. While we should keep fighting hard for the unborn and keep seeking legislative wins to protect tiny vulnerable humans, we should also realize that winning hearts and minds will take decades of commitment, personal leadership, and sacrifice. Animal rights activists fought long and hard to enact cage-free laws for the “humane” treatment of chickens — surely we who cherish human life can work even harder to build a culture that protects and values the lives of children, whatever their stage of development.
In the meantime, let us lead by example whenever possible. Get married, stay married, and have kids. Go to church, and pray: for your family, your kids, your friends’ kids, etc. Help the people around you as much as you can, especially with unplanned pregnancies and relationship strife. In the end, a large family and a long marriage are worth far more than any level of career or financial success. With God’s help, we can rebuild a culture of life and family that puts mothers, fathers, and babies at the center of everything. It’s the right thing to do, and it will even be good for the economy.
* * *
Tyler Watts is a professor of economics at Ferris State University in Big Rapids, Michigan.
The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.

State Capitol Building of Michigan in Lansing

In This State, Chickens Have More Rights Than Babies

Abortion

Bird Flu

Gretchen Whitmer

Leftists

Michigan

Population

Pro-Life Movement

If you aren’t on X — or Twitter, if you insist on deadnaming it — you will often be surprised to learn about the kinds of things people are arguing about on that platform. In many cases, the debates do not resemble anything that anyone outside of the site is talking about. These debates are often insular and parochial. Groups of people will get into heated disputes that last sometimes for weeks or months or longer, and yet which have no relevance beyond the confines of the platform itself.
I’ll give just one example of millions. Among Right-wingers on X, there has been a long running and quite tedious quarrel over the term “Woke Right.” Various groups of conservatives are accusing each other of being “Woke Right,” as they debate what the term means, and whether it describes anything real. I don’t know where this “Woke Right” idea comes from, but I do know that I’ve never heard a single soul in the three dimensional, physical world ever use the phrase or express any opinion on it one way or another. There are relatively prominent conservatives on X who have spent months locked in combat over a concept that has no real political or cultural relevance whatsoever. Nobody cares about it but them. Needless to say, there are a great many examples of this sort of thing. And even less do I need to say that I have myself been guilty of arguing about things on X that nobody outside of the app cares about. I might even sometimes be the one starting the argument, admittedly.
However, not every debate on X is so trivial. Sometimes the conversation is relevant beyond social media. Sometimes it reflects what’s actually happening in the world. Sometimes — more often now in the Elon era — a debate on X is actually important. And this week there has been one of those kinds of arguments — another round of it, anyway, as this has been a long running dispute. It’s important enough to write about here. And it will lead me to a very crucial point that I want to make, especially for younger people.
The debate revolves around the economic situation that young people in particular are facing today. One side of the argument says that although it is a challenging landscape for young people who are just starting out in the world, the best thing they can do is get an entry level job somewhere and work their way up in the world from that starting point. The other side says that this “bootstraps” mentality is obsolete. Young people have been totally screwed. They can’t just get a job and work their way up. And, they say, telling a young person to go work some low paying customer service job is insulting and out of touch. The game is rigged. American jobs are being stolen en masse by foreigners. The American dream, says this side of the debate, is effectively dead. Therefore the old school “go out there and work your way up the ladder” approach is simply to antiquated to be useful.
<h3><a href="https://www.dailywire.com/episode/ep-1516-the-matt-walsh-show">WATCH: The Matt Walsh Show</a></h3>
As you already guessed, out of the two camps, I tend to fall more into the former. Although the latter camp isn’t wrong about many of the fundamental points they’re making about the system as it&#8217;s currently constructed. I’ll get into that in a moment. 
First, let’s take a look at how this exchange is playing out. I think the debate may be best encapsulated by this. <a href="https://www.dailywire.com/topic/christopher-rufo">Chris Rufo</a>, in a series of tweets a couple of days ago, <a href="https://x.com/realchrisrufo/status/1878855931318198421" target="_blank" rel="noopener">wrote the following</a>:
<blockquote>Every generation has challenges. We currently have huge problems with the cost of housing and a splintering culture, but the economy is strong, incomes have never been higher, trades are hiring apprentices straight out of high school, and tech has enabled a wave of entrepreneurship and high-income &#8220;email jobs&#8221; from anywhere on Earth. We should remember that the Boomers, whatever their faults, had to make their way in a much poorer America and had to navigate war, stagflation, recession, and high interest rates. It&#8217;s never a cakewalk. We should work to provide opportunity for our kids, but should also remind them to be grateful for the opportunities they have. I didn&#8217;t make $50,000 a year or own a car until I was 30, then, after years of struggle in a creative field, things paid off. I could live in Seattle or New York or DC, but choose to live in a small town. It&#8217;s all a tradeoff, and one can make a good life in almost any metro area in the US.</blockquote>
In a follow up, he posted a job listing from Panda Express:
<blockquote>This is basically &#8220;full employment.&#8221; The Panda Express near my house is offering $70k/yr plus benefits for the assistant manager. You can make $100k/yr working at Chipotle for a few years and working up to store manager.</blockquote>
A prominent account that goes by the handle &#8220;Bronze Age Pervert&#8221; responded in a way that I think captures the general attitude of the other side of this argument. 
He wrote:
<blockquote>This is an absurd thing to post. This environment is the worst in decades and maybe ever in America to build wealth through any normal career. It’s the worst work environment and worst prospects for wealth accumulation ever. For a young person it’s next to impossible in fact even with the best degrees and “elite” job. It’s absurd and a joke to see conservative pundits, who work as writers and commentators in media and aren’t frankly exemplars of Protestant capitalist enterprise recommend working at Chipotle and UPS for a few smart young right wing men who are deploring decades-long trends. Maybe you’ll care to also give them advice on manning up and marrying a local sweet girl/highschool sweetheart.</blockquote>
The debate spiraled from there. A writer named Aaron McIntyre agrees with Bronze Age Pervert. He posted: 
<blockquote>If you are worried about Andrew Tate&#8217;s influence on young men telling them to climb the fast food ladder probably isn&#8217;t the move.</blockquote>
Another commentator named Scott Greer chimes in with a similar sentiment: 
<blockquote>Conservatives wonder why young men turn to Andrew Tate when they tell the same demographic to be content with fast food work and marrying much-older single moms.</blockquote>
Someone else gave his perspective. He said that it is possible for a young person to get started and succeed even in this tough environment. He offered the example of his own 22-year-old son, who he said has a job at UPS making $70,000 a year. He’s about to marry his girlfriend who is ten years older.
To that, someone else, in a post that has 27,000 likes, said: 
<blockquote>Poor kid is grinding, about to marry a 32 year old, living in his dad’s basement, stuck in a dead end job. He will likely never have kids or own a home. Imagine how out of touch you have to be to post this proudly. This is losing. But boomer dad imagines everything is ok.</blockquote>
Mike Cernovich is on the other side. What we might call the bootstraps camp. He thinks — and so do I — that work is not supposed to be fun. It’s not even necessarily going to be fulfilling. But you have to do it because that’s life and always has been. He wrote: 
<blockquote>You’re supposed to hate your job. That’s why it’s a job. Someone pays you because they don’t want to do it. Most of us had s*** jobs. It’s nothing special. You’re not a snowflake. Fight Club and Office Space covered this decades ago. Work sucks. This isn’t new.</blockquote>
But it’s this reply to that post that I think best captures the essence — and the fatal flaw — in the, I guess, anti-bootstraps position. Someone responded: 
<blockquote>The reason why jobs were worth it is that you could afford a home in a nice high trust society and support a family. Why do it now? I will not be reduced to an f-ing serf.</blockquote>
Jobs are not worth it, he says. Jobs make you a serf. This is why it’s worth talking about this very online controversy. It’s not just online. It seems clear to me that a lot of demoralized young people feel exactly this way. They think jobs aren’t worth it. There’s no point in even trying. They have it harder than anyone has ever had it. It’s hopeless. Everything is unfair. And so on. 
These young people are being encouraged down this hopeless road by people who are considered intellectuals on the right, like Bronze Age Pervert, who we recall said that today’s work environment is the worst ever — the worst ever, in history — and that it is “next to impossible” to become successful and accumulate wealth. They’re told by these supposed thought leaders that they should ignore anyone who even suggests that they start off in a low paying job working customer service or something similar. And a lot of young people — especially young men — have heeded this advice, to their own detriment.
So here’s what I want to say, after this very long preamble where I unfortunately had to give you a blow by blow account of a Twitter war. I acknowledge that young people face serious challenges starting out in the workforce. I can clearly see and do not deny that it is harder than it should be for a young man to get into a stable career, buy a house, and start a family. I agree that we are importing foreigners to take American jobs. That is hideously evil and unfair. I am in favor of any policy that puts an end to that scam. I agree with the anti-bootstrappers on that point. They will hear no argument from me.
Okay. Once we’ve agreed on that, what then? What is a young adult supposed to actually do tomorrow? This is the question that matters. It’s the question that, in these kinds of conversations, most people just skip over. It reminds me of my frequent debates with the Red Pillers and Manosphere where they declare that the dating scene is a disaster and young men have no hope of meeting a quality woman and building a stable family. My question to them is always the same: What do you want these young men to do then? What do you want them to actually do with their lives? Give up and die alone? What do you want them to do?
I ask that here as well: What should they do tomorrow? I’m not asking what the president should do or what congress should do or what government agencies should do. I’m asking what the actual individual human beings we’re talking about here — the newly minted young adults — should do. They will wake up in the morning and brush their teeth and eat breakfast — and then what? That young man who is 22-years-old and has no job. If you believe it is deeply insulting to suggest that he should go apply at Panda Express or UPS, what do you want him to do instead? What do you recommend? What is your plan?
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Complaining about it incessantly on Twitter is not a plan. Calling for policy solutions is fine and I agree that we should work on those. But what about tomorrow? What is the demoralized young person supposed to actually do in his life tomorrow? Don’t deflect. Don’t tell me about the H1-B program. I think we should abolish it. I don’t want to import any foreign labor at all. But a young man who wakes up in the morning can’t abolish the H1-B program. That’s not something he can accomplish tomorrow. So what should he do? Should he post about abolishing it? Fine. That takes about 60 seconds. Let’s give him 30 minutes for a series of tweets about H1-B visas. Okay. What next? How&#8217;s he spending the rest of his day? If you have no answer to that question, then your contribution to this conversation is worthless. You have nothing of value to offer to this young man.
Here’s what I say. I say that he must get up onto his feet in spite of it all and begin to pursue his goals one small step at a time. He must get the best job he possibly can, which will almost certainly not be a very good job or a very fun job. But he is not in a position where he can afford to worry about what is fun. He has to work as hard as he can to achieve what he can. He must gain experience and establish himself. And if he’s just starting out in the world, the best job is whatever job he can get. You have to start somewhere. And a job is better than no job.
He has a difficult road. Every young man in his position throughout the entire history of the Earth has had a difficult road. Life itself is a difficult road. Is his road more difficult than the road that young men of my generation had to walk? Perhaps. I entered adult life right around the time of a great recession and housing market collapse. It wasn’t exactly an easy path. I worked many awful customer service jobs that I hated with every fiber of my being. My hatred of them fueled me even more. I was more determined to become successful so that I would never again have to work the kind of job where you wear a name tag and get paid by the hour. But I had to work those jobs in order to get to a point where I didn’t have to work those jobs. That’s how it goes. So I am not recommending that anyone do anything that I have not already done. Is it harder now? Maybe. Is it harder than it was for the Boomers when they were just starting out? Probably, although I think the comparison is overstated.
Is it the hardest ever? Is a young person in America today facing “next to impossible odds” and unprecedented hardship? Of course not. That is an absurd suggestion. If you are a 22-year-old man today, you may have it a bit harder than your parents and grandparents, but that is as far as it even theoretically goes. World history did not begin in 1955. No matter what, you and I and our parents all had it and have it easier than the vast majority of human beings who have ever existed on the planet. We are all in the top 1% of the easiest lives ever lived. Which is why, even with all of our problems, you wouldn’t want to live anywhere else on the planet today. And if you had a time machine, the farthest you might want to go back is the middle of the 20th century and no farther. And if you did go back even that far, you would almost certainly discover that it was not the cakewalk you imagine it to be.
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None of this diminishes the difficulties that you, as a young person, are currently experiencing. I only mean to put it in context. The context is important. Because if you think that nobody has ever had it harder than you, you may be justified in wondering whether success is simply impossible in your case. After all, no one has ever succeeded against odds so great as what you are facing. But the point is that many millions of people have succeeded against odds many times greater. This should inspire you, not offend you. Either way, my message to the young man is that he has to get up and walk. Even if he did have the hardest life anyone has ever lived on this or any other planet. Still I would say, well then, get up and move forward. What else are you going to do? Lie down and die?
My attitude is condemned by some Right-wingers whose doomerism has now descended to a point where they will call you a traitor for suggesting that a young man has any agency at all in his life. They want to hear nothing but misery porn and hopelessness. Anything else makes you a Boomer cuck. That’s because they don’t actually give the slightest damn about the young people they pretend to be speaking for.
Instead we end up with the “solution” (which I’ve seen repeated in different forms countless times) offered by the commenter I mentioned earlier. Jobs aren’t “worth it,” he says. He will not be a serf. Instead he will, presumably, live off of the government or his parents. But here’s the problem: that’s not how you escape being a serf. That’s how you become one. You are volunteering for a life of failure and servitude. Working at Panda Express is beneath you, but to eat it for lunch on your dad’s dime because you refuse to support yourself is not beneath you?
That makes no sense.
So again I ask: what is your plan? What are you going to do tomorrow? Some people like to mock the “bootstraps” mentality but they have given young people precisely zero alternatives. They have not given them any idea of what they should do tomorrow. And to me that is the most important and useful question here. What should you do tomorrow? My answer is simple. Tomorrow you should get up, put on your shoes, and get started.

North Carolina Works Job And Resource Fair Ahead Of Initial Jobless Claims

The Real Crisis Young Men Are Facing Today

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History has an interesting way of softening the hard edges of a past president’s term of office. Time, combined with more information coming to light as well as a more complete verdict re: the long-term impacts, good and bad, of policies will do that. As such, the placement along the scale of best to worst of those who sat in the Oval Office is always shifting.
But 39th President James Earl Carter, Jr., who <a href="https://www.dailywire.com/news/jimmy-carter-americas-39th-president-dead-at-100?topStoryPosition=1" target="_blank" rel="noopener">passed away</a> at age 100, is a presidency difficult to encapsulate. Peruse the media obituaries and a common theme will no doubt emerge. That he was a man of personal character and decency, the “real deal.” Indeed, his will be hailed as “the ideal former-presidency” given his image of skating above politics and keeping his focus on initiatives more beneficial to mankind, whether it be building a house for the poor or monitoring elections abroad. It will be said of him that he lived out his Christian virtues staying faithful to the same woman for 77 years.
But this does not alter the fact that his term in office from 1977 to 1981 was, to put it bluntly, a failure.
From a foreign policy standpoint, Carter attempted to affect statecraft grounded in the promotion of “human rights”. But what many in this country at the time may have seen as noble ambitions, especially coming in the aftermath of Vietnam, was read by enemies abroad as weakness arising from an almost quaint naiveté. This perceived weakness gained validation when in November 1979 anti-American Islamists overthrew the Shah of Iran and stormed the U.S. embassy in Tehran — sovereign U.S. territory as per international law. 52 embassy staff were taken hostage and subsequently held in very public and humiliating captivity for 444 days.
<div id="attachment_851055" style="width: 862px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-851055" class="size-large wp-image-851055" src="https://dw-wp-production.imgix.net/2024/12/GettyImages-2669616-852x576.jpg" alt="An American hostage being paraded before the cameras by his Iranian captors. Following the Iranian revolution over fifty American hostages were taken and only released after four hundred and forty-four days. (Photo by MPI/Getty Images)" width="852" height="576" srcset="https://dw-wp-production.imgix.net/2024/12/GettyImages-2669616-852x576.jpg 852w, https://dw-wp-production.imgix.net/2024/12/GettyImages-2669616-300x203.jpg 300w, https://dw-wp-production.imgix.net/2024/12/GettyImages-2669616-768x519.jpg 768w, https://dw-wp-production.imgix.net/2024/12/GettyImages-2669616.jpg 1024w" sizes="(max-width: 852px) 100vw, 852px" />MPI/Getty Images</div>
This affront to our national honor was made ever more acute when six months into the crisis, after fruitless diplomatic overtures, a mission to rescue the captive U.S. citizens resulted in a humiliating failure in the Iranian desert. The mission was scrubbed due to equipment breakdowns and eight servicemen were killed when a helicopter collided with a transport plane during the evacuation. Images of the charred bodies of our dead troops were splashed across headlines around the world, and a somber Carter took to the airwaves to accept responsibility.
The botched raid was not just a shameful blow to our national pride, it underscored a deeper sense that U.S. power was eroding, and that our best days were behind us. The military that once defeated the war machines of Nazi Germany and Imperial Japan couldn’t even get out of its own way in the desert? Maybe we really were in decline? The hostages would languish for all the world to see — and the anti-U.S. forces from Moscow to Beijing to Tehran to gloat over — for another 270 hapless days.
When in 1980 the Soviet Union invaded Afghanistan, Carter’s boycotting the Olympic games in Moscow seemed a tepid, and largely symbolic response that only served to punish our own athletes while not changing Russian actions one iota. Whether or not there was more the Carter administration could have done given the Soviets’ nuclear arsenal is a matter for round tables to discuss. At the time, however, this was viewed as yet another anemic response to flagrant enemy aggression; Americans came to believe we had a lamb in the White House when a lion was needed. And as not-so-clandestine support for the Mujahadeen throughout the Reagan era demonstrated, the U.S. did have more capacity to put the thumb on the scales in the region than Carter seemed willing to do.
The thing about Carter, however, is that not only was he unable, or unwilling to recognize certain bad actors on the world stage, he failed to understand who were the true friends to the U.S. as well. One must consider his double-standard leveled against Israel vis-à-vis the Palestinians. In particular the PLO, which by any impartial definition was a terror organization. And its leader, the vile, murderous kleptocrat Yasser Arafat, a bona fide terrorist. It was the Israelis, however, whom Carter targeted for restrictions and even grotesquely drew an analogy between their efforts to combat terrorism and the growling hounds of Bull Connor. Certainly if the recollections of respected columnist William Safire and former Secretary of State Cyrus Vance are to be believed, Carter was rabidly anti-Israel. For the Israelis, it was very fortunate Carter did not win a second term.
But what about the Camp David Accords? Certainly they were a worthy effort and seem to be among the only such accords between ancient enemies that have survived more or less intact. But, as Jay Nordlinger writes in National Review, Sadat and Begin had already hammered them out prior to inviting Carter in to provide the carapace of legitimacy — and financial support — only the U.S. could offer. It is not a stretch to say that no matter who was president, Camp David would have still occurred.
<div id="attachment_851047" style="width: 874px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-851047" class="size-large wp-image-851047" src="https://dw-wp-production.imgix.net/2024/12/GettyImages-1826042-864x576.jpg" alt="WASHINGTON - SEPTEMBER 18: (NO U.S. TABLOID SALES) (L-R) Egyptian President Anwar Sadat, U.S. President Jimmy Carter, and Israeli Prime Minister Menachem Begin join hands after the Camp David Accords September 18, 1978 in the East Room of the White House in Washington, DC. (Photo by David Hume Kennerly/Getty Images)" width="864" height="576" srcset="https://dw-wp-production.imgix.net/2024/12/GettyImages-1826042-864x576.jpg 864w, https://dw-wp-production.imgix.net/2024/12/GettyImages-1826042-300x200.jpg 300w, https://dw-wp-production.imgix.net/2024/12/GettyImages-1826042-768x512.jpg 768w, https://dw-wp-production.imgix.net/2024/12/GettyImages-1826042.jpg 1024w" sizes="(max-width: 864px) 100vw, 864px" />David Hume Kennerly/Getty Images</div>
At least the Carter presidency promoted the legitimate democratic process, right? Well, it did in that he even went so far as to praise Yasser Arafat’s election. Indeed, Carter was perhaps the PLO chairman’s biggest fan in the halls of the U.S. government. Although as CIA director Jim Woolsey once joked, “Arafat was essentially ’elected’ the same way Stalin was, but not nearly as democratically as Hitler, who at least had actual opponents.”
And, of course, given Carter’s wish to be remembered as the champion of the downtrodden and oppressed (although it depends on who is wearing the jackboots, as Carter seemed to have a look-the-other-way affinity for Marxist dictators whether in Beijing, Havana, or Managua) then it is natural that he would side with the weaker, if morally depraved, Hamas and Hezbollah. As his Bull Connor comparison shows, he would be quite at home today among the throngs of Intifada wannabes on the college campus who view the Arab-Israeli conflict not through the lens of morality but power. In 2014, Carter wrote of Hamas: “Only by recognizing its legitimacy as a political actor—one that represents a substantial portion of the Palestinian people—can the West begin to provide the right incentives for Hamas to lay down its weapons.” Seems a bit optimistic since October 7. Even though the body may change, the intransigent mind of the true believer may remain fixed in place,but this is the disastrous Carter naiveté in the main.
And then there was the economy.
Since the mid-1980s, even with the occasional recession (often of our own making) the U.S. has experienced a sustained economic boom that makes it hard to remember the years leading up to this age of prosperity. But when Carter was in office things were quite different. The middle class especially was hammered with inflation that surged from <a href="https://data.bls.gov/pdq/SurveyOutputServlet">6.3%</a> in November 1976 when Carter was elected to a peak of <a href="https://data.bls.gov/pdq/SurveyOutputServlet">13.6%</a> in June 1980. Rising interest rates saw 30-year mortgages balloon from 8.8% in November 1976 to briefly touch 18.44% in October 1981, only months into Reagan’s first term. Although there is a lingering misconception that unemployment also soared during the Carter years the data shows this is not the case. In fact, unemployment would not peak until 1983, well into Reagan’s first term. But this could be attributed to Fed policies to crush inflation with exorbitantly high rates leading to a deep recession that had a delayed effect.
I admit that such wonkish analysis gets into the weeds of economics and as the expression goes, “if you lay every economist foot-to-head around the world they couldn’t reach a consensus.” But what is certainly true is that during the Carter years, the “<a href="https://www.investopedia.com/terms/m/miseryindex.asp">misery index</a>”, economist Arthur Okun’s formula he created in the 1970s to quantify the true impacts of the economy’s performance on the lives of the average American, reached an all-time high of 21.3% in May 1980. (By contrast it currently runs at 7.2%).
As such, the most powerful argument his GOP opponent Ronald Reagan would make during the 1980 presidential campaign was simply to look into the camera and ask the American people: “Are you better off than you were four years ago?” The voters answered and Carter was defeated.
<div id="attachment_851051" style="width: 837px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-851051" class="size-large wp-image-851051" src="https://dw-wp-production.imgix.net/2024/12/GettyImages-487170453-827x576.jpg" alt="NEW YORK CITY - AUGUST 14: Walter Mondale and Jimmy Carter attend Democratic National Convention on August 14, 1980 at Madison Square Garden in New York City. (Photo by Ron Galella, Ltd./Ron Galella Collection via Getty Images)" width="827" height="576" srcset="https://dw-wp-production.imgix.net/2024/12/GettyImages-487170453-827x576.jpg 827w, https://dw-wp-production.imgix.net/2024/12/GettyImages-487170453-300x209.jpg 300w, https://dw-wp-production.imgix.net/2024/12/GettyImages-487170453-768x535.jpg 768w, https://dw-wp-production.imgix.net/2024/12/GettyImages-487170453.jpg 1024w" sizes="(max-width: 827px) 100vw, 827px" />Walter Mondale and Jimmy Carter attend Democratic National Convention on August 14, 1980 at Madison Square Garden in New York City. (Photo by Ron Galella, Ltd./Ron Galella Collection via Getty Images)</div>
The common narrative of Carter’s post-presidential years is that of the farmer who returned to his humble roots in Plains, Georgia, and lived a modest life that all ex-presidents should emulate.
Well, yes and no.
Carter’s work in founding the Carter Center, a non-profit dedicated to the advancement of human rights, as well as his hands-on (literally) involvement building homes for the poor with the Habitat For Humanity project has earned him justified accolades from across the political spectrum. But at the same time he did his share of meddling in U.S. affairs, and sometimes questionably so. While in 1990 George W. Bush was cobbling together his Gulf War coalition, Carter was writing letters to the UN trying to thwart his efforts. Given that his friend Arafat sided with Saddam, one is not surprised. But considering the media’s pouncing on Trump for just weighing in (while a candidate for president no less) on the Democrats’ sham border bill, one can only see a double-standard here. There are other examples but this is the most egregious. One thing is for sure, had Trump engaged in such behavior the word “treason” would be tossed around like a football on Sunday.
And so Jimmy Carter’s story is really one compiled of two narratives. Unfortunately, being a supposedly good man (I never met him ) does not always lead to being a successful president. No man is a saint to his valet, and Carter is no exception. I have no doubt many reading this can offer up less favorable language for him. Who am I to judge? But Carter’s legacy after some five decades in politics from Georgia governor to one-term president, is starting to reveal itself, warts and all. In the end, Jimmy Carter should be remembered for leading a successful life, but a failed presidency.
* * *
Brad Schaeffer is a fund manager and author of <a href="https://www.amazon.com/stores/author/B07MQJBJSD" target="_blank" rel="noopener">three books</a>. His articles have appeared on the pages of Daily Wire, The Wall Street Journal, New York Post, New York Daily News, National Review, The Hill, The Federalist, The Blaze, Breitbart, Zerohedge and other outlets. You can follow him on <a href="https://x.com/bschaeffer123" target="_blank" rel="noopener">X</a> and <a href="https://bradschaeffer.substack.com/" target="_blank" rel="noopener">Substack.</a> 

The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.

1976 Democratic National Convention

Jimmy Carter’s Unavoidable Legacy

Jimmy Carter's Unavoidable Legacy

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The managers of the official X account for the House Ways and Means Committee Democrats quickly deleted a post on Tuesday that mocked Americans for complaining about the <a href="https://www.dailywire.com/topic/inflation" target="_blank" rel="noopener">economy and inflation</a>.
The Democrats&#8217; account reposted a report on shoppers spending a record amount of money on Black Friday. The Ways and Means Committee commented on the report, &#8220;And here we were thinking y&#8217;all couldn&#8217;t afford eggs!&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
This appears to have been deleted by Ways and Means Committee Democrats. <a href="https://t.co/70Ium9sDpe">pic.twitter.com/70Ium9sDpe</a>
&mdash; Anthony Adragna (@AnthonyAdragna) <a href="https://twitter.com/AnthonyAdragna/status/1864011018839486540?ref_src=twsrc%5Etfw">December 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Social media users blasted the Ways and Means Committee Democrats for the post dismissing concerns about the economy less than a month after the party was dealt a major electoral defeat, largely due to how Americans view the economy under President Joe Biden. In three years under Biden, egg prices spiked 52.6% in the U.S., Fox Business <a href="https://www.foxbusiness.com/economy/how-it-started-how-its-going-price-eggs-milk-steak-up-biden-took-office" target="_blank" rel="noopener">reported</a> in March.
&#8220;As I said it&#8217;s built into their DNA to blame voters for rejecting them, as opposed to self reflection of their message and policies. They won&#8217;t change because they can&#8217;t change,&#8221; <a href="https://x.com/redsteeze/status/1863997267352723467?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1863997267352723467%7Ctwgr%5E2d059f4003cf051fdd96bc28a105e36652237767%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.mediaite.com%2Fnews%2Fjesus-christ-social-media-erupts-over-house-democrats-still-mocking-inflation-worries-after-election-beatdown%2F" target="_blank" rel="noopener">wrote</a> political commentator Stephen L. Miller.
&#8220;They never learn,&#8221; said House Majority Whip Tom Emmer (R-MN).
House Republican Claudia Tenney of New York, who sits on the Ways and Means Committee, <a href="https://x.com/RepTenney/status/1863999378496663953" target="_blank" rel="noopener">penned</a> a Humpty Dumpty poem criticizing her Democratic colleagues for the post.
<blockquote>Humpty Dumpty sat on a wall, 
Egg prices soared—he couldn&#8217;t afford it all!
Ways and Means Dems tweeted with smiles so wide, 
While the cost of eggs kept rising high!
Humpty Dumpty cracked in despair, 
&#8220;These prices, these prices, they&#8217;re too much to bear!&#8221;
Democrats laugh, they don&#8217;t seem to care, 
But we’re stuck paying more for eggs in high-cost despair!</blockquote>
Around 40% of voters in the 2024 election placed the economy at the top of the list of issues facing the country, <a href="https://www.pbs.org/newshour/politics/economy-ranked-as-a-top-issue-but-concerns-over-democracy-drove-many-voters-to-polls-ap-votecast-shows" target="_blank" rel="noopener">according</a> to AP VoteCast, a survey of more than 110,000 voters across the U.S.
<a href="https://get.dailywire.com/gift-guide/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://get.dailywire.com/gift-guide/&amp;source=gmail&amp;ust=1732727087136000&amp;usg=AOvVaw3Ao27zcTCGutKhTz_xpaKC">CHECK OUT THE DAILY WIRE HOLIDAY GIFT GUIDE</a>
During the campaign, President-elect Donald Trump focused much of his attention on addressing inflation and economic woes under Biden and Vice President Kamala Harris, and it paid off. According to the <a href="https://www.ap.org/news-highlights/spotlights/2024/ap-votecast-voters-who-focused-on-the-economy-broke-hard-for-trump/" target="_blank" rel="noopener">AP VoteCast</a> survey, &#8220;Those who said inflation was the most important factor for their vote were almost twice as likely to support Trump over Harris, and about 6 in 10 voters who said the economy and jobs were the most important issue facing the country were in his camp.&#8221;

Eggs

House Democrats Scrub X Post Mocking Voters’ Inflation Worries After Backlash

House Democrats Scrub X Post Mocking Voters' Inflation Worries After Backlash

U.S. House of Representatives