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‘Amazing’: Powell Praised for Fact-Checking Trump in Real Time

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President Donald Trump, who has repeatedly attacked Jerome Powell and discussed trying to fire him, sought to discredit the Federal Reserve Chairman during a visit to view renovation work Trump has derided as over budget. But as the cameras rolled, Powell pushed back in real time, correcting the president’s false claims.

Both men, wearing construction hard hats, toured the Fed’s renovations—partly over budget due to demands made by Trump appointees—on Thursday afternoon. Trump told the Chairman he is over budget by $3.1 billion, a figure far greater than the $2.5 billion that recent news reports have shown.

“It looks like it’s about $3.1 billion. It went up a little bit—or a lot,” Trump said as Powell definitively shook his head no. “So the $2.7 is now $3.1.”

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“I’m not aware of that,” Powell declared.

“It just came out,” Trump insisted.

“I haven’t heard that from anybody,” Powell responded.

“Yeah, it just came out,” Trump again insisted.

Looking at a piece of paper Trump handed him, Powell replied, “You’re including the Martin renovation. You just added in a third building is what that is. That’s a third building.”

“It’s a building that’s being built,” Trump claimed.

“No, it was built five years ago,” Powell replied.

Critics praised Powell and blasted the president.

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“This exchange perfectly captures Trump’s relationship with facts: improvise first, verify never,” wrote investment banker Evaristus Odinikaeze. “Powell calmly fact-checking him in real time is the leadership contrast America needs more of. Glad he stood his ground while Trump embarrassed himself.”

“This is amazing,” added HuffPost White House correspondent S.V. Dáte. “He says insanely stupid and flat-out wrong stuff in front of world leaders, members of Congress, the media, and so on and NO ONE EVER CORRECTS HIM IN REAL TIME. Like Powell just did.”

“Powell’s doing more here to point out Trump’s lies in real time than nearly every reporter who interviews Trump,” observed author Hemant Mehta, who writes Friendly Atheist on Substack.

“No one humiliates Donald Trump better than Donald Trump,” wrote MSNBC host Lawrence O’Donnell.

Watch the video below or at this link.

READ MORE: GOP Congressman: ‘Round Everybody Up and Deport Them All’

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Trump Explains ‘Dumb’ Has a ‘B’

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President Donald Trump thrilled his supporters in New York on Friday as he shared how he came up with his latest nickname for Democrats — his explanation included a spelling lesson.

“Blue means Dumocrat,” the president said. “That’s a new name I came up with.”

“I was, I was thinking about this character we have in the House. His name is Hakeem Jeffries,” Trump said to boos from the audience.

“And he’s a low IQ person, very low IQ.”

“And I watched what he was saying, and what the horrible things he was saying, and I said, ‘He’s a dumb guy.’ I said, Wait a minute, he’s a Dumocrat. That’s how I got the name,” Trump excitedly said.

“You take the ‘e’ out, you don’t use the ‘b’. A lot of people don’t know ‘dumb’ has a ‘b’ in it, actually. You don’t need it. You discard the ‘b.’

“But you take the ‘e’ out, and you replace it with a ‘u.'”

“They are Dumocrats. You know why? ‘Cause their policies are dumb. Their policies are very dumb. All of their policies.”

Critics mocked the president.

“His uncle taught at MIT, but Trump just recently learned there is a b in dumb,” wrote political strategist Jeff Timmer.

Dumbo @realDonaldTrump here is the only one who doesn’t know there’s a b in DUMB,” said former GOP Congresswoman Barbara Comstock.

“It’s impossible to overstate how f— — stupid Trump looks on the world stage,” wrote another online commenter.

 

Image via Reuters 

 

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‘Good Riddance’: Critics Cheer Tulsi Gabbard’s ‘Shocking’ Resignation

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President Donald Trump’s controversial Director of National Intelligence, Tulsi Gabbard, is resigning.

“Unfortunately, I must submit my resignation, effective June 30, 2026,” DNI Gabbard wrote to President Trump, Fox News reports. “My husband, Abraham, has recently been diagnosed with an extremely rare form of bone cancer.”

“During pivotal moments,” NBC News reports, “as Trump deliberated over possible military action or watched live video feeds of operations in Iran or Venezuela, Gabbard was often not in the room, underscoring her outsider status.”

“Gabbard has had a tough tenure being sidelined on Venezuela and Iran. Last month, Trump floated replacing her with Pam Bondi, but some advisers saved her,” reported WIRED’s Hugo Lowell.

President Trump wrote that Gabbard had done an “incredible job,” and “we will miss her,” while Reuters reports that the White House ‌”forced” Gabbard “to ⁠resign ​from her ​post, a person familiar ​with ​the matter said ‌on ⁠Friday.”

The Wall Street Journal’s Dave Brown called Gabbard’s tenure “tumultuous.”

Critics were quick to respond.

“Good riddance. The Iran war has been the biggest display of intelligence incompetence in decades,” wrote U.S. Rep. Shri Thanedar (D-MI).

“Tulsi Gabbard leaves this administration in disgrace after helping Trump drag the country into yet another forever war in the Middle East,” wrote political strategist Mike Nellis. “She built her entire image on opposing these wars, then abandoned that principle the second it became politically inconvenient. That’s her legacy: a complete fraud, completely full of s— — about the one thing people thought she genuinely believed in. Good f— — riddance.”

“Also, is anybody in Congress or the media going to get to the bottom of the whistleblower’s story about Tulsi Gabbard withholding classified intercepted intel for political reasons?” Nellis continued. “What the hell happened there, or are we just going to pretend that didn’t happen?”

“Are we ever going to found out if Tulsi Gabbard broke how many different national security laws by allegedly refusing to hand over investigative documents, or is that just going away now?” asked writer Charlotte Clymer.

Professor and policy analyst Adam Cochran called Gabbard’s resignation “shocking,” and added: “Can’t imagine what they would ask to do that is too out of line for her…”

Associate Professor of Political Science Christopher Clary said Gabbard “will go down as perhaps the most ineffective and incompetent DNI in the short history of that position.”

Image via Reuters 

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The ‘Slow, Boring’ and ‘Easy’ Way to Tax the Rich: Expert

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President Donald Trump managed to effectively raise taxes on the majority of Americans through his tax policies, while handing the richest five percent a tax cut. Now, many Americans want to see the rich pay their fair share — and that could mean increasing their taxes.

The former chief economist of the White House Office of Management and Budget, Professor Zachary Liscow, argues there’s a “slow, boring” yet “easy” way to do so.

“The United States is seeing an increasing concentration of wealth at the very top and a worsening national debt,” Liscow writes in an op-ed at The New York Times. “For many Americans, taxing the rich more is an obvious move.”

He details some of the “novel proposals to curb the many intricate ways the rich make and hide their money,” including a wealth tax, a tax on unrealized gains, and a tax on “loans that billionaires take against their stock.”

But, Liscow warns, while novel, these methods would not raise the substantial amount of money the U.S. needs.

“The boring truth is that Congress can accomplish a lot simply by raising the rates of the taxes already on the books,” Liscow explains.

He examines U.S. Senator Elizabeth Warren’s (D-MA) proposal to tax “fortunes above $50 million,” and says there are “serious constitutional and policy arguments for this idea, but the Supreme Court’s current members would probably strike it down.”

There is a billionaire’s tax proposal by U.S. Senator Ron Wyden (D-OR) that would tax unrealized capital gains, “the appreciation in the paper value of assets such as stocks.” That would likely find a Supreme Court challenge.

There are other tax vehicles, like fixing the “buy, borrow, die” loophole, which would tax loans taken against stock portfolios, but that would likely not raise sufficient funds: “It’s just not where the money is.”

He finds that “the most powerful lever is also the simplest one,” and concludes that “Congress has a simpler, tried-and-true tax policy to choose from: raising the rates.”

Liscow is advocating to restore the “top marginal ordinary income tax rate to its pre-2017 level of 39.6 percent” — where it was before Trump’s first term in office.

“In addition, raising the corporate tax rate from 21 percent toward the 35 percent it had been set at historically would add hundreds of billions in revenue for the government,” he says.

“Raising the rates,” Liscow concludes, “the simple, boring answer — is where the real money lies.”

 

Image: Christopher Penler / Shutterstock.com

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