{"id":1146,"date":"2025-02-10T14:57:42","date_gmt":"2025-02-10T19:57:42","guid":{"rendered":"https:\/\/macphoenix.com\/?p=1146"},"modified":"2025-02-10T17:32:55","modified_gmt":"2025-02-10T22:32:55","slug":"the-shit-administration-episode-3","status":"publish","type":"post","link":"https:\/\/macphoenix.com\/index.php\/2025\/02\/the-shit-administration-episode-3\/","title":{"rendered":"The Shit Administration (Episode 3)"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-markdown\"><p>From <a href=\"https:\/\/www.nbcnews.com\/politics\/donald-trump\/live-blog\/trump-steel-tariffs-tulsi-gabbard-vote-live-updates-rcna191161\/rcrd72770?canonicalCard=true\">NBC<\/a>:<\/p>\n<blockquote>\n<p><strong>Trump\u2019s chief economist calls for lowering aggregate demand, increasing labor supply to address inflation<\/strong><\/p>\n<p>In an appearance on CNBC, Kevin Hassett, director of the National Economic Council, said Trump would try to increase the supply of workers in the labor force by lowering businesses\u2019 taxes to make it easier for them to hire.<\/p>\n<p>\u201cHe wants inflation under control,\u201d Hassett said. \u201cTo do that, you have to increase supply and reduce aggregate demand. So you got to cut spending and you got to increase supply.\u201d<\/p>\n<\/blockquote>\n<p>This is what economists call a <a href=\"https:\/\/en.wikipedia.org\/wiki\/Recession\">recession<\/a>. \u201cIncrease the supply of workers in the labor force\u201d is where we lose jobs and wages get suppressed. \u201cReduce aggregate demand\u201d is where we can\u2019t afford to buy anything.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_import_markdown_pro_load_document_selector":0,"_import_markdown_pro_submit_text_textarea":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13],"tags":[159,158,152],"class_list":["post-1146","post","type-post","status-publish","format-standard","hentry","category-rant","tag-economy","tag-recession","tag-trump"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8nj3d-iu","_links":{"self":[{"href":"https:\/\/macphoenix.com\/index.php\/wp-json\/wp\/v2\/posts\/1146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/macphoenix.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/macphoenix.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/macphoenix.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/macphoenix.com\/index.php\/wp-json\/wp\/v2\/comments?post=1146"}],"version-history":[{"count":3,"href":"https:\/\/macphoenix.com\/index.php\/wp-json\/wp\/v2\/posts\/1146\/revisions"}],"predecessor-version":[{"id":1149,"href":"https:\/\/macphoenix.com\/index.php\/wp-json\/wp\/v2\/posts\/1146\/revisions\/1149"}],"wp:attachment":[{"href":"https:\/\/macphoenix.com\/index.php\/wp-json\/wp\/v2\/media?parent=1146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/macphoenix.com\/index.php\/wp-json\/wp\/v2\/categories?post=1146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/macphoenix.com\/index.php\/wp-json\/wp\/v2\/tags?post=1146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}