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Professor Post

@professorpost.bsky.social

3.1K followers 2.7K following 1.5K posts

Amateur Professor, Huxley College: #StopTrump #stopICE #democracy #ConstitutionalCrisis #FightOligarchy

Posts Replies Media

Professor Post @professorpost.bsky.social · 01/07/2025

Powell's term is up next year. Trump will replace him w/ a hack who will immediately lower rates to Trump's preferred level. Perry good chance that one way or another, you're getting 1% interest rates in an economy that absolutely does not call for 1% interest rates.

Tweet from Kobeissi Letter:

So far, Trump has:

1. Threatened to fire Powell

2. Called for a 100 bps rate cut

3. Asked if he could nominate himself as Fed Chair

4. Called for a 250 bps rate cut

5. Sent a handwritten letter to "Too Late" Powell

6. Called for interest rates to drop to 1%

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Professor Post @professorpost.bsky.social · 01/07/2025

The "big, beautiful bill" slashes food and health benefits for the poorest Americans, while giving tax cuts to higher earners — blowing a hole in the nation's safety net, according to healthcare experts and advocates for lower-income people. www.axios.com/2025/07/01/b...

From Axios:
Experts say the cuts could unleash a tidal wave of pain — overcrowded emergency rooms, an increase in chronic health care issues, more medical debt, and more folks going hungry.

If the $4 trillion bill passes into law, it would be the biggest cut to the social safety net in decades, as the Washington Post noted.

State of play: It's hard to know exactly where the bill will land, but it's on track to cut 20% of spending on food stamps, or SNAP, with more than 2 million losing benefits, per an estimate from the Congressional Budget Office provided to Senate Democrats.

Cuts to Medicaid could lead to nearly 12 million people losing health insurance, per the CBO.
Changes to the Affordable Care Act could lead to losses for millions more; others would face higher healthcare costs.

There's massive overlap here — nearly 30 million of the 38.3 million people receiving SNAP in 2022 were also enrolled in Medicaid, notes KFF.

It's a double-whammy: these folks would need more for healthcare, while being further stretched on groceries.

By the numbers: The bottom 20% of earners would see a nearly 3% decline in income, about $700, under the Senate version of the bill. That's per a new analysis from the Yale Budget Lab, which takes into the social safety net changes into account.

The top 1 percent would see a nearly 2% increase, or $30,000.

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Professor Post @professorpost.bsky.social · 13/06/2025

Cilliza rises to the level of Yglesias-grade stupidity

Chris Cillizza both-sides the Padilla incident by Kristi Noem's goons.

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Professor Post @professorpost.bsky.social · 14/02/2025

I went back to Twitter briefly just so I could send this to Fabien Levy, an Eric Adams press flak/hack:

Tweet to Fabien Levy: Your boss is a criminal who was about to be charged w/ a cover-up on top of the original crimes, but now gets off cuz he sold his city out to Trump. How do you sleep at night?

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Professor Post @professorpost.bsky.social · 31/12/2024

Last time two consecutive years that were this "good?" 1997 and 1998. Perhaps you remember, the tech bubble imploded late 1999/2000, taking all those gains and then some. Is 2024 a bubble? 7 stocks carry the weight of the index - the other 493 tread water or are under water. Sure seems it.

Chart showing MAG7 are carrying weight of S&P (73%) to just 5.69% to other 493 stocks on the index.

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Professor Post @professorpost.bsky.social · 23/11/2023

How Viral Infections Cause Long-Term Health Problems www.nytimes.com/2023/11/22/h...

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Professor Post @professorpost.bsky.social · 14/11/2023

I think we should call the plethora of "brain fog" caused by previous covid infections a "Leonhardt." After all, no one has worked harder at the NYTimes to minimize pandemic than David Leonhardt.

Can't Think, Can't Remember: More Americans Say They're in a Cognitive Fog

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Professor Post @professorpost.bsky.social · 22/09/2023

Sure! I'm going to go w/ this Mosaic set I recently got.

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