The Dictatorship

Trump has reason to thank Biden for leaving him a healthy economy

Published

2 years ago

December 23, 2024

Trump has reason to thank Biden for leaving him a healthy economy

The top economist at Goldman Sachs concluded in her latest analysis that the United Sates economy “grew much faster than expected” in 2024. The report came on the heels of Commerce Department data that showed the economy growing at an annualized rate of 3.1% over the summer, exceeding expectations, and up slightly from the 3% growth in the spring.

The New York Times recently reported that Scott Bessent, Donald Trump’s choice to lead the Treasury Department, has a goal of getting GDP growth to 3%. The latest evidence suggests that the country has effectively already reached the goal.

With this in mind, it was tough to blame President Joe Biden for taking a bow of sorts in a published piece for The American Prospect. “It is worth reviewing the facts on the U.S. economy that I am handing off to my successor,” the retiring Democrat wrote. “Unemployment has been at the lowest average rate of any administration in 50 years. We have created over 16 million new jobs, and more than 1.5 million of those are in manufacturing and construction. Inflation has been brought down close to 2 percent, the same level as right before the pandemic.

“Incomes are up by nearly $4,000 adjusted for inflation, and unions have won wage increases from 25 percent to 60 percent in industries like autos, ports, aerospace, and trucking. We’ve seen 20 million applications to start small businesses. Our economy has grown 3 percent per year on average the last four years — faster than any other advanced economy. Domestic energy production is at a record high, and gas prices are around $3 per gallon.”

The piece for The American Prospect coincided with a New York Times piecealso published last week, with a memorable headline: “The Economy Is Finally Stable. Is That About to Change?”

After five years of uncertainty and turmoil, the U.S. economy is ending 2024 in arguably its most stable condition since the start of the coronavirus pandemic. Inflation has cooled. Unemployment is low. The Federal Reserve is cutting interest rates. The recession that many forecasters once warned was inevitable hasn’t materialized. Yet the economic outlook for 2025 is as murky as ever, for one major reason: President-elect Donald J. Trump.

As regular readers knowthere’s been no shortage of headlines in recent weeks and months about the strength of the domestic economy. A recent Wall Street Journal analysis described the state of the U.S. economy as “remarkable,” which coincided with a Bloomberg analysis that said, “The nation is experiencing a dream combination of strong growth and low inflation.”

There was more where that came from. A couple of months ago, the New York Times reported that the U.S. job market “is as healthy as it has ever been” — as in, in the history of the United States — and described recent economic growth as “robust.” A few days later, The Washington Post’s Heather Long explained in a column“We are living through one of the best economic years of many people’s lifetimes.” The same day, Politico described the status quo as “a dream economy.”

The Economist, a leading British publication, also recently described the U.S. economy as “the envy of the world,” adding that the American economy “has left other rich countries in the dust.”

It reached the point that in the days leading up to Election Day, Trump actually started telling the electorate that he wanted credit for all the good economic newsdespite the fact that he hasn’t been in office for nearly four years.

Soon after, just enough voters agreed to pursue a dramatic change of course. In fact, the aforementioned Times analysis from last week added, “On the campaign trail and in the weeks since his election, Mr. Trump has proposed sweeping policy changes that could have profound — and complicated — implications for the economy.”

Stepping back, it’s worth appreciating the recent pattern of events: In 2017, Trump inherited a healthy economy from a Democratic president and falsely told the public“I inherited a mess.” In 2021, Trump bequeathed an actual mess for his Democratic successor and falsely told the public the conditions were “perfect.”

And with 2025 about to get underway, the pattern is holding: The president-elect is poised to inherit a healthy economy once more. I don’t seriously expect the Republican to thank Biden, but it’s worth keeping the facts in mind when Trump starts complaining in the new year about what he inherited.

Steve Benen

Steve Benen is a producer for “The Rachel Maddow Show,” the editor of MaddowBlog and an BLN political contributor. He’s also the bestselling author of “Ministry of Truth: Democracy, Reality, and the Republicans’ War on the Recent Past.”

The Dictatorship

FIFA faces global anger over plan to give Kushner brother a financial stake

Published

6 hours ago

July 30, 2026

Blue Light Newsroom

FIFA faces global anger over plan to give Kushner brother a financial stake

Christmas. 29, 2026, 7:54 PM EDT

International rage over FIFA’s close ties to President Donald Trump has reached a fever pitch after soccer’s governing body announced a plan to sell a significant stake to an investor group led by Joshua Kushner, the brother of Trump’s son-in-law.

The president and his family have all but turned the White House into their personal piggy bank. And FIFA — which has its own sordid history of corruption — seems to have made itself a party to Trump’s self-enrichment under Gianni Infantino’s leadership, such as by paying for space inside Trump Tower in New York. (The organization has defended the office rental as a World Cup outpost.)

Soccer is seen by many as a unifying game. But Trump’s incorporation of FIFA into his political dynasty is threatening that idea.

As The Athletic reported:

FIFA has announced plans to sell a large minority stake in a new company that will run its main events, including the World Cup and Club World Cup, as part of a plan to triple the amount of development money it dishes out to its 211 member associations.

Under the proposals — which are subject to approval by a majority of those national associations and FIFA’s 37-member council — a new entity called FIFA Forward Enterprises (FFE) will take over all commercial operations, while FIFA remains the game’s global governing body and retains a majority stake in FFE.

A press release from FIFA confirmed the plans and said Thrive Eternal, which was launched by Joshua Kushner, is expected to lead the investment group that would control FIFA Forward Enterprise. FIFA did not clarify why Thrive Eternal was selected, and Kushner was already dabbling in sports.

But Trump basically has already given son-in-law Jared Kushner carte blanche to dictate U.S. foreign policy in the Middle East while simultaneously hatching business plans in the region. (Jared Kushner has denied any conflicts of interest.)

Joshua Kushner reportedly has been a major donor to Democrats. But, predictably, the idea of another Kushner becoming financially entwined with the World Cup — the world’s most popular sporting event — and basically being dropped into a position of global significance isn’t going over well. Several other soccer governing bodies have expressed concerns, including Europe’s UEFA.

“This crosses a line that football’s governing institutions should never cross,” UEFA said in a statement about The Athletic’s report, adding: “The soul and governance of football are not assets to trade — especially with zero transparency as to who gains financially. None of us are the owners of football. It is not FIFA’s to sell.”

Democrats on the House Judiciary Committee also rebuked the plan, writing on X: “Apparently the fake Peace Prize and giant lease with Trump Tower weren’t enough — now Infantino performs a kickback hat trick by pursuing a multibillion-dollar deal with Jared Kushner’s brother to sell ownership stakes in the World Cup to private investors.”

FIFA, Donald Trump’s favorite corrupt racketeering enterprise in world sports, is now going directly into business with the Trump family!

Apparently the fake Peace Prize and giant lease with Trump Tower weren’t enough—now Infantino performs a kickback hat trick by pursuing a… https://t.co/knSZibuMea

— House Judiciary Dems (@HouseJudiciary) July 28, 2026

Rep. Jamie Raskin, D-Md., has already launched an investigation into the FIFA leader’s relationship with the Trump administration, while dozens of European lawmakers — citing concerns about “potential breaches of political neutrality” — have called for the FIFA Ethics Committee to investigate Infantino. This new proposal seems unlikely to assuage those concerns.

But what it does seem likely to do is fuel global anger toward the U.S. — the kind that has been growing since Trump retook office.

And when you consider that, it’s truly remarkable how the same MAGA movement whose members whined for years about politics mixing with sports is now in lockstep with a president who seems dead-set on casting his shadow over every sports event he can.

This post on X basically sums up the foul stench around FIFA’s latest proposal.

Sepp Blatter was Infantino’s predecessor as FIFA president and oversaw the organization amid some of its many scandals. When heof all people, is warning about how Trump and Infantino’s relationship is “deeply damaging” soccer, it’s a sign of how far FIFA has descended into the gutter.

Ja’han Jones is an MS NOW opinion blogger. He previously wrote The ReidOut Blog.

The Dictatorship

Wednesday’s Mini-Report, 7.29.26

Published

6 hours ago

July 30, 2026

Blue Light Newsroom

Today’s edition of quick hits.

* In the Middle East: “Jordan’s air defenses intercepted five missiles launched from Iran early Wednesday, the country’s military said, hours after the U.S. military said it had knocked down an Iranian missile barrage launched against American forces in the Middle East, shattering a brief pause in fighting.”

* At the Fed: “The Federal Reserve on Wednesday voted to hold its key interest rate steady but not without opposition from three officials who have expressed concern over inflation and wanted to hike. Despite increasing support among some officials for a rate increase, the Federal Open Market Committee voted 9-3 to leave the federal funds rate in a range between 3.5% and 3.75%.”

* All eyes on Cornyn: “Sen. John Cornyn, R-Texas, has yet to decide whether he will vote to confirm acting Attorney General Todd Blanche to permanently head the Department of Justice after saying Wednesday he was ‘not prepared’ to lend his support to President Donald Trump’s nominee.”

* This request is intended to repay the National Park Service, whose funds Team Trump unjustly raided: “The Trump administration is asking Congress for an additional $10 million to cover costs related to Freedom 250 events recently held on the National Mall, including a prayer event, a fair and a fireworks show.”

* Will the Carroll case ever end? “The Supreme Court already denied the first of Donald Trump’s two petitions against E. Jean Carroll. But the second petition, filed Tuesday, stands a better chance of gaining the high court’s interest because it raises presidential immunity and is backed by the Justice Department.”

* I’m eager to hear why a private citizen can’t delete the contents of his own phone: “It sounds like something James Bond would use: a gadget that self-destructs if it falls into the wrong hands. But it’s actually an open-source operating system that can be downloaded onto Android phones. Federal prosecutors in Atlanta are bringing an obstruction charge against a U.S. citizen who gave customs officers what is known as a duress passcode, which activated software that erased the contents of his phone.”

* My advice: Read real books written entirely by real people: “A few years into the A.I. era, there is sobering evidence that a significant and growing portion of the novels being sold are written with or by chatbots, and that readers are buying them. A new study conducted by computer scientists using A.I. detection software to analyze thousands of self-published novels on Amazon, found that a substantial number of those novels contained chatbot-generated prose.”

See you tomorrow.

Steve Benen is a producer for “The Rachel Maddow Show,” the editor of MaddowBlog and an MS NOW political contributor. He’s also the bestselling author of “Ministry of Truth: Democracy, Reality, and the Republicans’ War on the Recent Past.”

The Dictatorship

Epstein survivors say meeting with Todd Blanche was ‘very condescending’

Published

6 hours ago

July 30, 2026

Blue Light Newsroom

Epstein survivors say meeting with Todd Blanche was ‘very condescending’

Christmas. 29, 2026, 5:29 PM EDT

Survivors of Jeffrey Epstein’s abuse said Wednesday that acting Attorney General Todd Blanche was “very condescending” toward them in their meeting with him this month and told them to “get to the point.”

Ahead of the Senate Judiciary Committee vote on whether to move President Donald Trump’s nomination as attorney general to the full Senate for a vote, the survivors were on Capitol Hill urging Republican lawmakers to deny Blanche the position.

Survivor Dani Bensky told reporters that the meeting a couple of weeks ago with Blanche, who had declined to meet with them for months, was “very condescending” and that he would not answer their questions on why investigative leads and referrals in the case have not been followed.

“He actually said the words ‘Get to the point’ to us,” Benskey said. “We’re survivors who have been waiting to meet with him for nine months, eight months.”

Another survivor said Blanche told them he had not read the files.

Bensky, who was standing with other survivors outside the office of Sen. John Cornyn, R-Texas, voiced appreciation for the senator for his support of survivors. The said they had not met with Cornyn Wednesday but had spoken to Judiciary Committee staff members, and that the meeting was “productive” and the staff members “were very pleasant and very open.”

Cornyn said Wednesday that he is “not prepared to vote yes” on Blanche’s nomination. He also called off a meeting with Blanche, saying the nominee had failed to provide proof that President Donald Trump’s “anti-weaponization” fund is officially dead.

Survivors have been campaigning for GOP holdouts to vote against Blanche’s confirmation. Bensky said her group had run into Sen. Thom Tillis, R-N.C., in the elevator earlier and that he said he would like to meet with them. Tillis has also suggested that he might oppose Blanche’s confirmation.

Bensky said it would have “a massive chilling effect to all survivors across the U.S.” if Blanche’s nomination is moved out of committee and to the full Senate.

Asked for the survivors’ final message to the lawmakers, Bensky said: “It’s not political. Just do the right thing. Just be on the right side of history.”

Erum Salam is a breaking news reporter for MS NOW, with a focus on how global events and foreign policy shape U.S. politics. She previously was a breaking news reporter for The Guardian.