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politicoricky.bsky.social

@politicoricky.bsky.social
167 followers 71 following 249 posts

Political junkie, economist, writer. All opinions are my own

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politicoricky.bsky.social @politicoricky.bsky.social · 15/09/2026
Mitch McConnell got three months paid leave for a fall. Meanwhile, we still don’t have paid maternity and paternity leave
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politicoricky.bsky.social @politicoricky.bsky.social · 14/09/2026
Jared Kushner’s “peace” terms are a farce. Ukraine ceding land in the Donbas green lights Russia to take more in the future. This is what happens when you have unqualified nepo babies working on negotiations. Putin plays them like fiddles kyivindependent.com/ukraines-ref...
kyivindependent.com
Ukraine's refusal to give up territory to Russia stalls peace deal, Trump envoy says
"Ukraine right now does not want to do that," U.S. President Donald Trump's envoy and son-in-law Jared Kushner said.
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politicoricky.bsky.social @politicoricky.bsky.social · 12/07/2026
Today 87th and Harlem in Bridgeview, Illinois was officially designated as Little Palestine Way and Wadea Al-Fayoume Way. This honors the community’s contributions to the area and the 6-year old Muslim child murdered in a hate crime.
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politicoricky.bsky.social @politicoricky.bsky.social · 28/06/2026
Saying people use AC only for comfort is as idiotic as saying we only use heat for comfort. A ton of studies show AC improving —Student learning —Sleep —Cognitive performance —Safety —Productivity “But AC contributes to climate change!” Heat is worse, but we still need it in winters #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 13/06/2026
Taxing “every dollar above $1 billion” wouldn’t work for people like Elon Musk, bc he doesn’t have cash to tax This is bc the wealthy use their stocks as collateral to get loans and pay no tax. They borrow against themselves Here’s what you do instead so people can’t hoard $1 trillion: #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 17/04/2026
The producer price index (PPI) increased 4.0% year to year, largely bc of higher energy costs. Energy rose 8.5% in the last month alone PPI (mostly) measures business to business inflation. If these costs rise, you can expect CPI (consumer prices) to rise soon, unless businesses eat costs #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 20/02/2026
This is great news. Not only have tariffs hurt the economy, but they were also being weaponized against our allies and hurting international relations. #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 13/02/2026
You can’t address the cost of living crisis without addressing housing and transportation. Those two alone made up more than 50% of household spending in 2024 Source: www.bls.gov/opub/ted/202... #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 06/02/2026
Meanwhile life for the common folks continue to be more unaffordable #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 05/02/2026
The Cato Institute, a libertarian think tank, published a paper highlighting the econ benefits of immigration. They found immigrants: -Paid more in taxes than received in benefits (+$14.5 trillion) -Reduced deficits -Were a net positive even if low skilled or were non-citizens #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 01/02/2026
Pay to play is the norm with this administration. Imagine the outrage if Biden did this. #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 30/01/2026
Trump nominates Kevin Warsh to replace Jerome Powell. Here’s some background on the nominee: #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 28/01/2026
Abolishing ICE is the mainstream position. It will be a litmus test for any Democratic candidate. And it’ll be a wedge issue for Republicans. This will continue to be a top concern for people.
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politicoricky.bsky.social @politicoricky.bsky.social · 28/01/2026
This is nonsense. We’ve been hearing about a dollar collapse for decades now. It’s very stable, however, there is a possibility it loses influence. Be wary of this and those who promote this rhetoric in order to sell non-liquid assets like gold. #econsky
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Reposted by @politicoricky.bsky.social
Kat Abughazaleh @katmabu.bsky.social · 28/01/2026
On Holocaust Remembrance Day, we remember the six million Jewish people murdered by the Nazis, as well as countless other victims. We honor their lives by rejecting the evils of antisemitism, dehumanization, and authoritarian violence wherever they appear. Never again means never again for anyone.
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politicoricky.bsky.social @politicoricky.bsky.social · 25/01/2026
Pro 2nd amendment people predictably supportive of the types of government actions they said they’ve always been against. #abolishice #ice #minneapolis #minnesota #democrats
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politicoricky.bsky.social @politicoricky.bsky.social · 24/01/2026
MAGA is lying saying the victim pulled a gun on ICE. He didn’t. He had a phone and was pepper sprayed, tackled, and executed. Don’t let them gaslight you. “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.” -1984
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politicoricky.bsky.social @politicoricky.bsky.social · 23/01/2026
The real kicker is that this might cause mortgage rates to rise. The 10-year yields are directly correlated with mortgage rates. As they go up, investors would rather invest in those than mortgage backed securities. That means mortgage rates need to rise to compete. #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 16/01/2026
We’re long past “more training.” Abolish and prosecute ICE #abolishice
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politicoricky.bsky.social @politicoricky.bsky.social · 12/01/2026
Federal Reserve Chair Jerome Powell will go down as one of the greatest chairs in history. Not because of policy, but because of maintaining integrity under pressure. See his statement below #econsky www.threads.com/@federalrese...
threads.com
Federal Reserve Board (@federalreserveboard) on Threads
Video message from Federal Reserve Chair Jerome H. Powell: https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
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politicoricky.bsky.social @politicoricky.bsky.social · 07/01/2026
I’ll be posting more about this soon. Immediate takeaways: good populist start but not entirely effective. 1) Congress probably won’t pass it 2) private equity makes up a small portion of the market. Biggest issue in housing affordability is zoning #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 06/01/2026
It looks like we’re starting to see the impacts of tariffs on the mfg. sector “Comments from survey respondents continued to single out tariffs as a problem, with some manufacturers of chemical products saying they hoped "for some return to free trade.” #econsky www.reuters.com/world/us/us-...
reuters.com
US factory sector contracts for 10th straight month in December
U.S. manufacturing activity slumped to a 14-month low in December, with new orders contracting further and input costs grinding higher as the sector continued to bear the imprint of President Donald T...
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politicoricky.bsky.social @politicoricky.bsky.social · 05/01/2026
This is irresponsible reporting. The Fed paper looked at historical trends and found that tariffs led to higher unemployment and therefore put downward pressure on prices. They admit it could be different this time around due to our econ relying more on imports (see more below) #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 05/01/2026
MAGA: Iraq and Afghanistan were disasters. Ukraine should fend for itself. No more wars or foreign intervention. America first! 🇺🇸 Also MAGA: Hell yeah we’re invading Venezuela and nation building!! Cult.
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politicoricky.bsky.social @politicoricky.bsky.social · 19/12/2025
I’m not ashamed to admit I’ve always been a Romney fan. He argues that in order to save social security, there needs to be some reforms esp w/ revenues. Close the tax loopholes (caverns) that allow the wealthy to exploit the system. Great read #econsky www.nytimes.com/2025/12/19/o...
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politicoricky.bsky.social @politicoricky.bsky.social · 18/12/2025
It’s significantly more dangerous to be a nurse relative to other private workers. Nurses face more violence, exposure to harmful substances, and overexertion (2021-2022 data). www.bls.gov/opub/ted/202... #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 16/12/2025
UR steady at 4.6%. Job gains in construction and healthcare, losses in fed gov Last month everyone said they hid bad numbers by not publishing data. Reality: shutdown means no survey collection If they were hiding bad numbers, why publish this month? These numbers aren’t good #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 08/12/2025
The bailout directly contradicts the administration’s claims that tariffs won’t hurt producers or consumers. This happened the first time around. It’ll happen again. #econsky www.washingtonpost.com/politics/202...
washingtonpost.com
Trump to announce $12 billion tariff relief for farmers
Farmers — particularly those who produce soybeans — have felt the effect of the president’s tariff policies.
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politicoricky.bsky.social @politicoricky.bsky.social · 06/12/2025
Happy Saturday! I want to try something. I’m an economist. Ask me anything #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 01/12/2025
Friendly reminder on World AIDS Day that the Trump admin ended CDC HIV prevention programs and slashed research grants This is coming at a time when CRISPR treatments are showing real promise in curing HIV. Funding cuts will hamper further development #worldaidsday
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politicoricky.bsky.social @politicoricky.bsky.social · 09/11/2025
With the Trump admin opposing using emergency SNAP funds, it’s important to remember the econ benefits of SNAP. A 2019 USDA study found a 1.5 multiplier effect. This means that $1 billion in SNAP leads to $1.5b in GDP and 13k+ jobs. #econsky www.ers.usda.gov/publications...
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politicoricky.bsky.social @politicoricky.bsky.social · 06/11/2025
This is MAGAnomics in a nutshell. Cut services and harm businesses. This is an insane level of job loss: 153k in October. Notably, this isn’t from BLS. Their data won’t be available for a while due to the shutdown, so this is the best assessment we have #econsky www.cnbc.com/amp/2025/11/...
cnbc.com
Job cuts in October hit highest level for the month in 22 years, Challenger says
Job cuts for October totaled 153,074, a 183% surge from September.
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politicoricky.bsky.social @politicoricky.bsky.social · 14/10/2025
If only literally every independent economist said this would happen 🤷🏽‍♂️ www.washingtonpost.com/business/202... #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 07/10/2025
Excuse the fk me? All government employees are entitled to back pay from the Republican shutdown due to a law Trump HIMSELF signed in 2019 called Government Employee Fair Treatment Act. #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 26/09/2025
The “brain drain” effect will be long lasting. We’ll lose our edge in R&D, which impacts everything from healthcare to energy to engineering. #econsky www.reuters.com/world/austri...
reuters.com
Austria hails 'brain gain' in luring 25 academics away from US after cuts
Austria has lured what it calls 25 "top researchers" away from U.S. institutions including Harvard, the Massachusetts Institute of Technology and Princeton with grants set up in response to the Trump administration's funding cuts targeting universities.
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politicoricky.bsky.social @politicoricky.bsky.social · 01/08/2025
The latest jobs report (+73k jobs created) is mediocre. The revisions are brutal. May revised (-125k) to only +19k. June revised (-133k) down to only +14k. At least this shows the admin isn’t cooking the numbers. Or they’re just really, really bad cooks. #econsky www.bls.gov/news.release...
bls.gov
Employment Situation Summary - 2025 M07 Results
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politicoricky.bsky.social @politicoricky.bsky.social · 10/07/2025
Universal childcare would be one of the best ways to stimulate the economy. Studies have shown an increase in workplace participation and wages. For kids, it helps foster development. The ROI on childcare is insane. apnews.com/article/chil... #econsky
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Reposted by @politicoricky.bsky.social
Adam Kinzinger @adamkinzinger.substack.com · 05/07/2025
Regarding the flooding: GOP doesn’t want to fund the programs that predict these things, but they still want to blame the federal government for not predicting this. DOGE has consequences
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politicoricky.bsky.social @politicoricky.bsky.social · 03/07/2025
Yesterday ADP showed a loss of 33k jobs. BLS today showed a gain of 147k. What gives? 1) Different survey methodologies 2) BLS includes state and local gov employment, which showed gains 3) these are prelim numbers Still this is a large discrepancy. I’ll be looking into it more today #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 01/07/2025
BREAKING: Grifter congressman who thinks salt is spicy can’t fathom eating Indian food properly
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politicoricky.bsky.social @politicoricky.bsky.social · 26/06/2025
Real GDP decreased at an annual rate of 0.5 percent in the first quarter of 2025 (January, February, and March), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent. www.bea.gov/news/2025/gr... #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 25/06/2025
Zohran winning gives three big lessons for mainstream democrats 1) Authenticity matters. Be yourself and stop giving politically “safe” answers. If people don’t like the real you, don’t run.
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politicoricky.bsky.social @politicoricky.bsky.social · 22/06/2025
It’s only been 6 months and Mr. “No more wars” got us directly involved in another one. Tariffs raising prices ✅ ICE arresting US citizens ✅ War with another country ✅ MAGA continues to deliver 👊🇺🇸🔥 #Iran
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politicoricky.bsky.social @politicoricky.bsky.social · 06/06/2025
Total nonfarm payroll employment increased by 139,000 in May, and the unemployment rate was unchanged at 4.2%. Employment continued to trend up in health care, leisure and hospitality, and social assistance. Federal government continued to lose jobs. #econsky www.bls.gov/news.release...
bls.gov
Employment Situation Summary - 2025 M05 Results
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politicoricky.bsky.social @politicoricky.bsky.social · 05/06/2025
The Trump admin’s cuts are compromising inflation data collection. Not only does this make the data less reliable, but businesses will be impacted since they’re making decisions on worse quality data. Once again, MAGA is screwing up our economy #econsky fortune.com/2025/06/04/t...
fortune.com
Trump hiring freeze threatens key economic data as the Fed zeroes in on inflation
The staff cutbacks have intensified worries among economists that government spending cuts could degrade the federal government's ability to compile crucial economic data.
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politicoricky.bsky.social @politicoricky.bsky.social · 30/05/2025
Jerome Powell doesn’t get enough credit for doing his job with independence. The next Fed chair appointed by Trump will likely be a sycophant. He’ll do what Trump says and destroy the economy in the process. Inflation will rise again #econsky
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politicoricky.bsky.social @politicoricky.bsky.social · 15/05/2025
The only reason MAGA thinks it’s constitutional to end birthright citizenship is because they literally can’t read. #supremecourt
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politicoricky.bsky.social @politicoricky.bsky.social · 13/05/2025
This makes perfect sense. It’s where he gets all his healthcare opinions from
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politicoricky.bsky.social @politicoricky.bsky.social · 09/05/2025
Chicago cocktail inspired by the new pope: The Holy Trinity 8oz Old Style Shot of Malort Splash of RC to taste
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politicoricky.bsky.social @politicoricky.bsky.social · 03/05/2025
Honestly, this is a really depressing article on #Fetterman and how much he’s changed. He really needs help. “One former staffer recalled overhearing Gisele on speakerphone that December saying to Fetterman, “Who did I marry? Where is the man I married?”” web.archive.org/web/20250502...
web.archive.org
John Fetterman’s Struggle
The senator insists he is in good health. But staffers past and present say they no longer recognize the man they once knew.
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