Tag Archives: inflation

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Donald J. Trump’s Dec.16, 2024 Press Conference: Falsehoods, Distortion, Fakery and Deceit

“Nuttiness may be subjective, but truthfulness is not”

Bill Scher, Politics Editor, Washington Monthly

On Dec. 16, Donald J. Trump held his first press conference since his Nov. 5, 2024 election. Wishing to be of service to those of you who were too busy or not inclined to tune in, I reviewed the entire deluge of Trump’s rambling thoughts:

  • “We had no wars when I left office and now the whole world is blowing up.“

Truth: When Trump left office in early 2021, US troops were still deployed in combat missions in Afghanistan and Iraq. About  200,000  US troops were deployed overseas, including 6,000 – 7,000 American troops spread across Africa, with the largest numbers concentrated in the Sahel and the Horn of Africa,  about 50,000 troops at roughly two dozen bases across Japan and about 2,000 Marines in  northern Australia 

  • “Lot of people don’t realize, but we did 571 miles of wall (on the Mexican border).  I built much more than I said I was going to build.”

Truth: Early in his 2016 election campaign, Trump pledged to build a wall along the entire 2000-mile length of the border with Mexico. He later clarified he’d build a wall covering half of that distance. In his State of the Union address in February 2020, he pledged to build “substantially more than 500 miles” by January 2021.

Various types of fencing totaling 654 miles, running through California, Arizona, New Mexico and Texas, were already in place before Trump became president in 2017.  At the end of Trump’s first term, the Trump administration said it completed more than 400 miles of border wall, but only 80 miles of new wall barriers were actually built where there were none before. The vast majority of the construction replaced existing structures at the border that had been built by previous US administrations.

  • “We’re also going to create clean coal. Clean coal is something that has really taken over. …we’re going to be doing a lot of clean coal for the people of West Virginia and others, Wyoming.”

Truth: The idea of “clean coal” is generally considered not viable, as current technology cannot fully mitigate the environmental impacts of burning coal, making it essentially a marketing term with little practical application; while some technologies can reduce emissions, the process remains too expensive and energy-intensive to be considered truly “clean” on a large scale, with many experts stating that “clean coal” is a myth

  • “So we’re looking to save maybe $2 trillion and it’ll have no impact. Actually. It’ll make life better, but it’ll have no impact on people.  We will never cut social security or things like that. It’s just waste, fraud and abuse.” 

Fact: This would certainly run counter to Trump’s actions in his first term, during which he added $8 trillion to the national debt,  despite having promised to run budget surpluses.  The federal government is now burning through $6.8 trillion annually and the Committee for a Responsible Federal Budget says Trump’s proposed policies would add an estimated $7.7 trillion to debt over the next decade. Cutting $2 trillion in one year would be impossible, as well, given that Trump has already said he’s not going to touch Social Security or Medicare., the two largest government programs, and interest payments, which account for 13% of federal spending, can’t be cut either (Unless the government plans to default on the national debt). Discretionary spending accounts for only about 25% of total expenditures, but that includes defense, which Congress has no inclination to cut.

  • “We’ll immediately restore the sovereign borders of the United States and stop illegal immigration.”

Truth: Over the past 30 years, the Border Patrol’s budget has grown more than sevenfold, the number of agents stationed along the southwest border has quadrupled, the border wall has been strengthened and lengthened, and increasing amounts of technology have been used to deter illegal migrants, but they have kept coming, more and more of them from countries other than Mexico. Also complicating the situation, a substantial number of the illegal immigrant population in the United States came legally on work visas and stayed after they expired.  The government has been terrible at finding and deporting these people. 

  • “We had no problems, we had no inflation. We had no inflation. We had at less than 1%. A perfect number.”

Truth: The Consumer Price Index rose 7.8% during Trump’s first term. The CPI rose an average of 1.9% each year of the Trump presidency according to the Bureau of Labor Statistics. That was about the same as the average under Obama (1.8%) and below the average of 2.4% during George W. Bush’s years.

  • Trump responding to a question, “Do you believe there’s a connection between vaccines and autism? Do you believe there’s a link?” Trump: We’re looking to find out. …There’s something wrong. And we’re going to find out about it.”

Truth: Many studies have looked at whether there is a relationship between vaccines and Autism Spectrum Disorder (ASD.), but to date, the studies continue to show that vaccines are not associated with ASD, according to the federal Centers for Disease control and Prevention. 

Two studies, referred to as the Wakefield Studies, have frequently been cited by those claiming that the MMR vaccine causes autism. Both studies are considered critically flawed. In the first study, published in 1998, Wakefield’s hypothesis was that the measles, mumps and rubella (MMR) vaccine  caused a series of events that include the development of autism. The study was subsequently retracted; in scientific terms, this means that the paper is not part of the scientific record because it was found to be based on scientific misconduct. In this case, the studies were deemed fraudulent and data misrepresented. The second study, published in 2002, which examined the relationship between measles virus and autism, was also critically flawed. Meanwhile, several studies have been performed that disprove the notion that MMR causes autism.

  •  Trump responding to a question – “Do you think schools should mandate vaccines?” Trump – “I don’t like mandates. I’m not a big mandate person.”

Truth: Mandating vaccinations of schoolchildren saves lives. Schools and broader communities rely on high immunization rates to keep vaccine-preventable diseases from spreading. When more children are immunized, the risk for everybody declines, particularly for people with weakened immune systems and chronic medical conditions like lung, heart, liver, kidney disease or diabetes. The more parents who decline to vaccinate their children, the greater the risk that infection will spread in the community.

  • “Europe doesn’t use pesticides, and yet they have a better mortality rate than we do.”

Truth: Pesticides are still widely used in Europe, with the agricultural sector relying on significant volumes of chemical pesticides to maintain crop yields, although the EU has regulations in place to limit their use and is actively working to reduce pesticide reliance because widespread pesticide use is major source of pollution, according to the European Environment Agency.

  • ” They’re still counting the vote in California.“

Truth: California did take longer to count votes in the recent federal elections than other states, but the California Secretary of State had certified the 2024 election results prior to Trump’s news conference.  

  • “We got the biggest tax cuts in history.”

Truth: Trump’s tax cut s in the Tax Cuts and Jobs Act of 2017 was not the largest in history, either in percentage of gross domestic product or in inflation-adjusted dollars.  When the Congressional Budget Office reviewed tax cuts enacted between 1981 and 2023, it found that two other tax cut bills were bigger – former President Ronald Reagan’s 1981 package and legislation signed by former President Barack Obama that extended earlier tax cuts enacted during former President George W. Bush’s administration. Reagan’s 1981 tax cut was the largest in U.S. history, reducing revenues by $19 trillion over a decade. 

  • The US took in hundreds of billions of dollars in tariffs “from China” during Trump’s first term and “no other president took in 10 cents, not 10 cents.”  before he was president.

Truth: First, according to the Peterson Institute for International Economics the revenue from tariffs on Chinese imports come from the importers, not China. Importing businesses pay the tariffs and then have to decide whether to bear some of the costs or pass any portion of the cost on to consumers through higher prices.

Second, according to the Institute, Americans have been paying tariffs on imports from China for decades., going as far back as the late 19th and early 20th centuries and more recently during the Clinton, Bush, and Obama administrations. 

And we’re going to have four more years of this.

Admoniti estis.

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What Media Coverage of Portland’s Walmart Closures Has Missed

In late February, Walmart announced it would be closing a batch of its US stores, including its two stores in Portland, OR at 4200 82nd Ave. SE and 1123 N Hayden Meadows on March 24, 2022. Dr. Multiple media have subsequently reported on the Portland closures, initially focusing on the loss of employee’s jobs and the company’s assertion that the closures were due to “several factors,” including profitability concerns.

The 82nd Ave. store will close to the public on 3/24/2023. All 379 employees at the facility will be terminated effective June 02, 2023. The Hayden Meadows store will close to the public on 3/24/2023. All 201 employees at the facility will be terminated effective June 02, 2023. 

On March 4, a Twitter contributor, Evan Watson, observed that the tone of media coverage began to shift when Fox Business put out a story headlined, Walmart to shutter Portland locations just months after CEO’s warnings on crime.

Fox said a Walmart spokesperson told Fox News Digital “…there is no single cause for why a store closes. We consider many factors, including current and projected financial performance, location, population, customer needs, and the proximity of other nearby stores when making these difficult decisions.”

But Fox chose to also highlight that the closure announcements for the Portland stores and multiple others across the country came “…just a few months after the Walmart CEO warned stores could close and prices could increase in light of sky-high retail crimes affecting stores across the country.”

“Theft is an issue. It’s higher than what it has historically been,” Walmart CEO Doug McMillon said in December on CNBC, Fox reported. “He added that “prices will be higher and/or stores will close” if authorities don’t crack down on prosecuting shoplifting crimes.”

Fox went on to note that Walmart’s announcement came after other Portland stores had closed, citing crime as a reason, including a Nike store that shut down following rampant shoplifting incidents and a Cracker Barrel that shut down with employees citing security issues. Fox reported one store that shut down in November 2022, Rains PDX, had posted a note on the shop’s doors after a string of break-ins saying, “Our city is in peril. Small businesses (and large) cannot sustain doing business, in our city’s current state. We have no protection, or recourse, against the criminal behavior that goes unpunished.”

The crime connection to the Portland Walmart closure was then also picked up on The NY Post. Yahoo and local TV stations affiliated with KPTV.

Next up was Texas Gov. Greg Abbot, no doubt stimulated by the crime connection, who jumped into the fray with a tweet: “All Portland Walmart stores to close in late March. This is what happens when cities refuse to enforce the rule of law. It allows the mob to take over…”

This spurred Portland Mayor Ted Wheeler to put in his two cents, Tweeting, “Governor Abbott, are the dozens of Walmart stores that have closed in Texas in recent years all communities that “refuse to enforce the rule of law?” The retail industry is changing and retail theft is a national issue.”

And of course. dozens of people responded to Wheeler’s Tweet.

What no media mentioned, however, is the diversity of Walmart’s workforce affected by the closures or the impact of the closures on Walmart’s customers, most of whom are the lower-income Portlanders progressive political leaders always claim to be so concerned about.

I don’t have a breakdown of the workforce at the two Portland stores, but a recent analysis of Walmart’s total workforce showed that 56% were women, with 42% of those are part of management and 42% of the total workforce were people of color, with 31% of them part of management.

The only saving grace for these workers is that the hiring environment is strong. Weekly jobless claims have remained near or below the 2019 prepandemic average of about 220,000 for several months, even in the face of job cuts at larger employers in white-collar industries, particularly in technology, finance and real estate.  In other words, it is still a tight labor market, so laid-off Walmart workers may have less difficulty finding work. That could change, however, as the Federal Reserve continues its aggressive effort to fight inflation and there are signs that the job market’s extreme tightness might be easing.

As for shoppers’ income, analyses by Business Insider, Kantar Media; and Statista show that, although more higher income Americans have been gravitating to Walmart groceries and other items in the current inflationary environment, more than a quarter of Walmart shoppers have an annual income of $25,000 or less and the next quarter have an annual income of just $25,000 – $49,900. 

Walmart Shoppers by Income

$25,000 or less: 26.1%

$25,000 to 49,900:  26.8%

$50,000 to 74,900:  18.3%

$75,000 to 99,900:  11%

$100,000 or more: 17.4%

Why do lower income Americans shop at Walmart? Because generally they save more of their hard-earned dollars there, particularly on generics and Walmart’s store brands. 

 “…in general, most shoppers will find that groceries at Walmart can cost less overall, even for higher-end brands that will cost significantly more elsewhere, which means if you’re on a tighter budget, grocery shopping at Walmart can help you ensure your dollar goes further,” says Julie Ramhold, consumer analyst at DealNews.com.

And the savings can be significant. 

A November 2022 Consumers’ Checkbook review of spending at Washington area grocery chains and stores concluded that a family that spends $250 per week at the supermarket, could save $2,080 per year by shopping at Walmart versus an all-store average. 

In other words, the loss of these two Walmart stores is a bigger blow to Portland than the media has been saying. Politicians need to make note of that.