TMI Show Ep 70: Tariff Terror!

Live at 10 am Eastern/9 am Central time, and Streaming 24-7 Thereafter:

Trump made good on his threat to slap tariffs on China, Mexico and Canada over the weekend. All imports from China now face a 10% duty. It’s 25% on imports from Mexico and Canada. Canadian oil, natural gas and electricity, will be taxed 10%. Trump’s order includes a mechanism to escalate the rates charged by the U.S. against retaliation by the other countries, raising the specter of an even more severe economic disruption. Trump demanded that the three nations to stop the manufacture and export of fentanyl and that Canada and Mexico reduce illegal immigration into the U.S.

The tariffs could cause inflation to worsen. They are likely to cause turmoil in supply chains and have an impact on financial markets, though not immediately.

On today’s “The TMI Show,” Manila Chan and Ted Rall discuss Trump’s tariffs and their impacts on your life.

TMI Show Ep 51: “What Next for the Economy?”

Donald Trump, who takes office in a matter of days, defeated Kamala Harris in large part because of voter dissatisfaction over the economy. But what will his economy look like?

In many ways, this is a tale of two economies. The stock market, tech and the wealthy are doing better than ever. The working class and manufacturing are struggling. Can Trump reconcile his populist and billionaire bases? Can he keep inflation under control? Might he consider expanding the social safety net, especially for healthcare, or increase the minimum wage? What will he do as A.I. continues to kill jobs?

“The TMI Show” tries to predict the state of the US economy in the coming year. Co-hosts Ted Rall and Manila Chan is joined by Aquiles Larrea, CEO and Founder of Larrea Wealth Management.

TMI Show Ep 42: “Pre-Trump Economic Jitters”

As Donald Trump prepares to return to the White House in one month, some economic signals are blinking yellow. Investors unsettled by the Fed’s forecast for fewer cuts in 2025 pushed the Dow Jones Industrial Average down 1,123 points, or 2.6%, while the Nasdaq composite dropped 3.6%. The Dow has lost 2,900 points since December 4th. It’s a tale of two economies: consumer sentiment among Republican voters is at its highest since late 2020, whereas Democrats feel the same as they did in the summer of 2022 when inflation was raging.

What are the prospects for a Trump economy during the next few years? Is DOGE real and, if so, will austerity prime the pump or tank the economy?

The TMI Show’s Ted Rall and Manila Chan discuss the economic picture with market maker Todd “Bubba” Horwitz.

The Final Countdown – 7/12/24 – New Russiagate Claims Ahead of 2024 Election 

On this episode of The Final Countdown, hosts Ted Rall and Angie discuss various current events including the Democrats launching Russiagate 3.0. 
 
The show begins with Senior Asia Pacific International Relations Policy Expert Sourabh Gupta sharing his perspective on China’s response to the NATO accusations amid the summit. 
 
Then, Craig “Pasta” Jardula, political analyst and podcast host weighs in on the new wave of Russiagate accusations from the Democratic party. 
 
The second hour starts with the chief market strategist of Bubba Trading Todd “Bubba” Horwitz sharing his expertise on the latest inflation numbers. 
 
The show closes with human rights lawyer Dan Kovalik joining the show to discuss the ceasefire negotiations in Egypt. 
 
 

The Final Countdown – 6/13/24 – Bidenomics Struggles to Ignite U.S. Economy as 2024 Election Looms

On this episode of The Final Countdown, hosts Ted Rall and Angie Wong discuss  current events domestically and abroad, including the state of the U.S. economy. 

Scott Stantis – Political Cartoonist 
Todd “Bubba” Horwitz – Chief Marketing Strategist of Bubba Trading 
Dan Kovalik – Human rights lawyer 
Dr. George Szamuely – Senior Research Fellow at the Global Policy Institute 
 
The show begins with political cartoonist Scott Stantis joining to discuss the latest developments out of Hunter Biden’s guilty conviction and a variety of U.S. political news. 
 
Then, Todd “Bubba” Horwitz shares his expertise on the current state of the U.S. economy and the latest inflation numbers. 
 
The second hour starts with human rights lawyer Dan Kovalik sharing his perspective on the proposed Gaza ceasefire deal. 
 
The show closes with Dr. George Szamuely sharing his analysis of the G7 summit in Italy amid EU plans to use frozen Russian assets to fund Ukraine.  
 
 
 

The Final Countdown – 3/12/24 – Congress Weighs Loaning Ukraine Funds from Seized Russian Assets

On this episode of The Final Countdown, hosts Angie Wong and Ted Rall discuss topics from around the globe, including Trump trying to purge the RNC. 
Larry Ward – President, Constitutional Rights PAC   
David Tawil – Cofounder, Prochain Capital 
Dan Lazare – Independent journalist 
Armen Kurdian– Retired Navy Captain 
 
The first hour begins with the president of Constitutional Rights PAC Larry Ward, who talks about Trump’s leadership team “purging” officials at the RNC. 
 
The show is later joined by David Tawil, co-founder of Prochain Capital, to weigh in on Biden’s proposed tax hikes and the spikes in inflation. 
 
The second hour starts with independent journalist Dan Lazare, who shares his perspective on Speaker Mike Johnson’s latest budget proposals. 
 
The show closes with Retired Navy Captain Armen Kurdian, who talks about Robert Hur testifying on Biden’s classified documents. 
 
 

What’s Left 4: We Need a Real Minimum Wage

college tuition | Ted Rall's Rallblog

            When Gallup pollsters ask Americans what causes them the most stress and worry, personal economic concerns—the cost of living, lack of money, the gap between rich and poor, difficulty finding a job or, if they’re employed, low wages—consistently come in first, so much so that they can’t imagine saving for the future. General economic issues like poverty, hunger and homelessness come in next. In a capitalist country with decades of rising income inequality and a modest safety net, these findings come as little surprise.

            The rent is too damn high; buying a house gets more and more out of reach. We’re living paycheck to paycheck, expenses rise faster than salaries, and bosses, who can fire you at will even if you’ve been working hard and following the rules, have absolute power in a country where 10% of workers belong to a union. No wonder we’re worried sick.

            Economic insecurity is America’s biggest political issue. Yet neither of the major parties campaigns on it. At most, they’ll refer to it obliquely, as when nativists call for reduced immigration—sometimes they argue that new arrivals take away jobs from the native-born.

            Many of the other things that keep people up at night are partly or fully grounded in economic insecurity. Crime and violence are more pervasive in poor neighborhoods, courts are better-staffed and more efficient in wealthy areas. Patients worry about being able to afford to see a doctor and pay for medications at least as much as they do about the quality of healthcare. Racial tensions dissipate in places and periods of prosperity.

            The failure of bourgeois electoral democracy to address the nation’s biggest political issue, economic insecurity, is tailor-made for the agenda of the Left, which historically has been grounded in Marxist class analysis.

            Naturally, the ultimate goal of Leftists is the overthrow of capitalism, which centers inequality and monopoly as inevitable at best and laudable at worst, with a socialism that provides equal access to the basic necessities of life and equal opportunity to achieve more. But Revolution is not like a cake; there is no recipe to follow. All the conditions must be ripe and, frustratingly to the revolutionist, the determination that those conditions exist can only be affirmed after the fact of success.

            One predicate for revolution is a well-organized grassroots movement. There are few better ways to build such a structure than to consistently and relentlessly agitate for improvement in people’s economic living conditions—which are, after all, their biggest problem—in elections, street demonstrations, strikes, sit-ins, sabotage and other militant actions centered around a Left programme that demands improvements in wages, benefits and government safety-net programs.

            Never has the public been more predisposed to the argument that government ought to intercede on behalf of those who are having trouble making ends meet, or fear that unemployment might put them into such a position. People’s buying power has been ravaged by inflation, corporations are again turning the screws after a brief period of liberalization driven by the post-pandemic labor shortage, and it has been 60 years since a major party proposed a federal anti-poverty program (LBJ’s Great Society).

            Some bourgeois political analysts, particularly the progressive wing of the Democratic Party, identify the vacuum in the dialogue space of economic injustice. But neither party can meaningfully address issues like poverty and homelessness for one simple reason: they are capitalist parties. Whatever room existed for the reformist impulse vanished after the postwar period yielded to the beginning of America’s late-capitalist decline. Admitting that capitalism leaves millions behind is unthinkable, let alone developing legislative attempts to fix the problem.

            We, the Left, have the signature issue of economic justice all to ourselves, provided that we do not obsess over identity politics to the exclusion of class divisions.

            Wages come first.

            A day’s work should pay enough to pay for rent, a car and other necessities. If the federal minimum wage had kept up with inflation since 1970, it would currently be $30 an hour. The average worker is twice as productive as 1970, so make that $60. For a full-time worker, that’s $120,000 a year. But 1970 wasn’t a perfect time for workers. We deserve and demand better. The Left should think of $60 an hour as the bare minimum necessary to live decently in the United States, and push for more for skilled labor.

            Think that’s unrealistic? If so, you’ve been corrupted by capitalistic propaganda that devalues labor. Bernie Sanders and the Squad are still struggling to raise the federal minimum from $7.25 to $15.00—that’s what passes for progressive! What a joke! The bosses themselves consider $60 an hour to be the real minimum wage to subsist in the world we live in today; in New York, where I live, you can’t qualify for a rental apartment unless your annual salary is 40 times the monthly rent. You need $120,000 to be considered for a $3000 per month apartment; good luck finding anything for less than that. It’s not that landlords want to discriminate against working-class tenants. They’ve learned from experience that people who earn less than $120,000 are far likelier to fall behind on the rent until they have to be evicted, costing building owners and managers money.

            Be reasonable. Demand the impossible: $60 an hour minimum wage.

            Next: the Left’s programme for economic security.

 (Ted Rall (Twitter: @tedrall), the political cartoonist, columnist and graphic novelist, co-hosts the left-vs-right DMZ America podcast with fellow cartoonist Scott Stantis. You can support Ted’s hard-hitting political cartoons and columns and see his work first by sponsoring his work on Patreon.)

The Final Countdown – 2/14/24 – 200 Million Voters Select Indonesia’s Next President

On this edition of The Final Countdown, hosts Angie Wong and Ted Rall discussed several topics from around the globe, including the latest from the Indonesian elections. 
 
Robert Hornak – Political Consultant 
Aquiles Larrea – Finance Expert
Steve Hayes – Tax Lawyer
Sourabh Gupta – Geopolitical Analyst 
 
In the first hour, The Final Countdown hosted political consultant Robert Hornak who discussed the Republican defeat in the New York district that was previously the seat of George Santos, along with the impeachment of the Secretary of Homeland Security Alejandro Mayorkas. 
 
The Final Countdown followed up this conversation with a discussion on the latest inflation numbers. Finance expert Aquiles Larrea gives his analysis on the current state of the U.S. economy under the Biden administration. 
 
To begin the final hour, tax lawyer Steve Hayes spoke to The Final Countdown about federal job cuts, especially at NASA where several employees were recently laid off due to budget setbacks. 
 
In the final segment of the show, Angie and Ted are joined by geopolitical analyst Sourabh Gupta who broke down the Indonesian presidential election and what this means going forward for the densely populated nation. 
 
 

Abortion vs. Inflation

Democrats and Republicans are going to feud over abortion rights and inflation, respectively, in the coming presidential election. They might not be the most important issues we face, but they’re the ones the politicians will be talking about.

keyboard_arrow_up
css.php