Nobel Economists Warn Reelecting Trump Will Cost the U.S.—Literally

Donald Trump’s reelection would “reignite” inflation, according to 16 Nobel Prize–winning economists who wrote an open letter warning of his dangers to the economy.

“While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden’s economic agenda is vastly superior to Donald Trump,” the economists wrote. Their letter backs up something that Biden has been touting throughout the campaign: He’s better for the economy than the convicted felon and former president.

“We believe that a second Trump term would have a negative impact on the U.S.’s economic standing in the world, and a destabilizing effect on the U.S.’s domestic economy,” the economists’ letter states.

“Many Americans are concerned about inflation, which has come down remarkably fast. There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets,” they added.

The data supports the economists, as well as Biden. An analysis Monday found that Trump increased the national debt twice as much as Biden during his time as president, even after taking Covid-19 relief into account. Trump has also been criticized for proposing a revival of tariffs, which effectively would put a greater burden on the lower 10 percent of earners in the United States. The Republican Party continues to tout its age-old support of “trickle-down economics,” which only benefits the wealthy. Meanwhile, Biden’s economic successes haven’t gotten much media attention, with Trump even taking credit for them.

Even Trump’s popular proposals, like eliminating the tax on tipped wages, don’t hold up to scrutiny. As The New Republic’s Timothy Noah points out, such a move wouldn’t even be a drop in the bucket for most workers. The moves that would actually help working people, like taxing the rich or raising the minimum wage, aren’t a consideration for Trump and the GOP. Will voters see things that way in November?

An Arizona MAGA official made a bloodthirsty threat during a meeting with Republican party members against an election officer who supported certifying the state election results in the 2022 midterms.

County recorder Stephen Richer, a Republican, has come under fire from his fellow party members since he said the 2020 and 2022 elections had not been rigged. He posted a video Monday of Maricopa County GOP official Shelby Busch’s grisly comment on X, formerly Twitter. Busch is the first vice chairman of the Maricopa County Republican Committee and, according to Richer, an adviser to far-right Senate candidate Kari Lake.

The video shows Busch speaking at an event about her narrow interpretation of the concept of “unity.”

“But let’s pretend that this gentleman over here was running for county recorder, and he’s a good Christian man who believes what we believe. Now, we can work with that, right? That, that’s unity,” she said.

Clearly to Busch, unity is just uniformity—more specifically, compliance and support for Christian nationalism, a far-right Christian movement that seeks to place all aspects of U.S. society into the hands of Christians, including the responsibility of filing public documents on a local level, as it turns out.

“We’re gonna agree that we’re going to run a good Christian foundation campaign, and we’re gonna treat each other well, and we’re going to get through this together. That’s unity,” Busch continued. “But, if Stephen Richer were in this room, I would lynch him.”

The room burst into sharp, nervous laughter that quickly dimmed. “I don’t unify with people who don’t believe in the principles we believe in and the American cause that founded this country,” Busch said.

Busch’s unhinged resentment comes from the Republican frenzy that followed the 2020 presidential election and the 2022 midterm elections, during which her buddy Lake lost her gubernatorial run.

After the 2022 midterms, Lake and her allies baselessly insisted that Richer had been responsible for her loss, after Maricopa County had some issues with the tabulator machines, although similar issues were reported in the county where Lake actually won. In 2023, Richer filed a defamation lawsuit against Lake, who admitted that all of Richer’s claims were true.

In May, the Maricopa County GOP formally censured Richer, as well as all seven of Arizona’s State Supreme Court justices, for rejecting bids to overturn the 2022 election results from Lake and Abe Hamadeh, a Republican candidate who ran unsuccessfully for Arizona’s 8th congressional district.

Busch is the founder of We the People AZ Alliance, a group that purports to be an election integrity watchdog but is funded by election deniers, including Mike Lindell, Patrick Byrne, and Michael Flynn. Her comments show just how far the Republican Party has fallen.

Donald Trump’s advisers have revealed their new plan for resolving the war between Russia and Ukraine—and it involves Ukraine’s immediate submission.

The plan effectively promises an increase in U.S. weapons aid to Ukraine so long as it shows up for peace talks with Russia, reported Reuters. And while that deal may not sound so bad, the writing between the lines isn’t so simple. Trump’s advisers envision that the peace talks—which Trump would facilitate should he win the November election—would also quietly include Ukraine ceding part of its territory that is currently occupied by Russian forces.

The concept was drawn up by retired Lieutenant General Keith Kellogg and Fred Fleitz, both former chiefs of staff on Trump’s National Security Council. Trump did not immediately sign on to “every word” of the plan, but Fleitz told Reuters that they were “pleased to get the feedback we did.”

The Kremlin told Reuters that Russian President Vladimir Putin is open to peace talks, but that any proposal by a possible future Trump administration would have to reflect the “reality on the ground.”

When pressed on the details of the plan, Fleitz explained that Ukraine would not formally need to relinquish its land to Russian forces. He did concede, however, that Ukraine was unlikely to regain control of all of its territory in the near future.

Ukrainian presidential adviser Mykhailo Podolyak said that ending the war on the borders of its current front lines—where Russia has gained a foothold in the southeast portion of Ukraine—would be “strange,” pointing to the fact that Russia had violated international law by invading it in the first place.

“Ukraine has an absolutely clear understanding and it is spelled out in the peace formula proposed by President [Volodymyr] Zelenskiy, it is clearly stated there—peace can only be fair and peace can only be based on international law,” Podolyak told Reuters.

The plan’s promise to send more military aid to Ukraine only if it admits defeat and ends the war seems a bit counterintuitive—and disingenuous, considering that Trump and his advisers have done practically everything within their power to undermine sending more military aid to the embattled nation since the beginning of the year. And the plan’s obvious benefit to Russia also raises further concerns over Trump’s notoriously cushy—and sometimes subservient—relationship with Putin.

Beneath his usual bluster, Donald Trump is “concerned” about his debate with President Joe Biden on Thursday, according to former RNC spokesperson Tim Miller.

Miller pointed to Trump’s suggestion that Biden has been using performance-enhancing drugs to get “jacked up” before campaign events and his insistence that Biden take a drug test before Thursday as proof that the former president is worried about Biden’s attacks on him at the debate.

“I do think that what we can see publicly is that Donald Trump is concerned about how this debate is being framed up as you lead into the debate. That is why he’s doing all the weird stuff about Joe Biden being on drugs. It’s worth reminding everybody that he tried this exact same playbook in 2020.… But he already tried this ‘Joe Biden is on drugs’ thing. It didn’t work then,” Miller said on MSNBC.

Indeed, analysts agreed that Trump handed Biden an easy win in the first debate in 2020 by lowering expectations, attacking Biden as a feeble basement dweller, only to appear unhinged beside Biden’s relative composure. This year, not only Trump but the entire Republican apparatus may be setting itself up for a similar blunder. The RNC has made Biden’s age, depicted in selectively edited videos of gaffes by Biden on the campaign trail, a centerpiece of its campaign strategy.

Trump isn’t alone in calling for Biden to take a drug test; Texas GOP Representative Ronny Jackson, the former White House physician freshly accused of ethics violations, also accused Biden of taking performance enhancers and demanded that he submit to a pre-debate test. If Miller is right, a strong showing by Biden at the debate could be disastrous for Trump and a Republican messaging machine that seems pot committed to depicting Biden as senile.

Charlie Kirk has been a GOP bombshell since he founded Turning Point USA in 2012. He has raised millions of dollars for conservative causes and gotten thousands of young people to turn out and vote down ballot for the Republican Party. But 14 years on, Kirk’s biggest critics aren’t leftists—they’re fellow conservatives, who claim that the 30-year-old’s vision is wilting and dragging their campaigns down with it.

A brutal report published Tuesday in The Guardian notes the growing discontent with Kirk.

Tudor Dixon, a Republican candidate who lost Michigan’s 2022 gubernatorial race, has publicly vented that Turning Point’s backing meant practically nothing when it came to the ballot box.

“As a candidate who didn’t win, and who was promised that Turning Point would have a big influence in Michigan, it makes you crazy,” Dixon said on her podcast in February. “I gave up a salary for 18 months, sold my car, did everything I could to run for office. And people like [Kirk] are the reason we are not winning.”

Even in Arizona, where Turning Point has transformed the state legislature into a cohort of Trump acolytes and former Turning Point employees, Republicans have lost faith in Kirk’s approach, slamming his rhetoric as “toxic” without “winning messages.”

“Turning Point has become toxic in Arizona,” Tyler Montague, an Arizona-based Republican strategist, told The Guardian. “They’ve helped to cement an extreme worldview, creating anger that in turn generates political energy that they harness. That’s their game.”

And Kirk’s white-supremacist ideals on race have made even far-right-aligned Black communities question Trump’s values for keeping Kirk so close by. One Black pastor in Cleveland who has been close to Trump for more than a decade accused Kirk of trying to raise the next generation of Hitler Youth and claimed that Trump was only hurting his chances of winning over people of color by keeping Kirk—who has disparaged George Floyd as a “scumbag” and claimed that Martin Luther King Jr. was “not a good person”—so close by during this election season.

“Kirk talked all this negative shit about Black people, and his proximity to President Trump caused people to wonder: Is that what Trump is thinking too? I have publicly refuted Kirk because every vote counts,” Scott told The Guardian.

Donald Trump provided a small window into his preparation strategy for Thursday night’s debate hosted by CNN, and it seems like the former president is in deep, deep trouble. 

Before Trump’s rally in Philadelphia Saturday night, Trump stopped for an interview with conservative radio talk show host Chris Stigall, during which they discussed the former president’s approach to the upcoming presidential debate.

Stigall asked how Trump was feeling about CNN’s debate terms, including mutable mics and the lack of live audience, suggesting that the terms to which the former president readily agreed suddenly present an unfair burden. 

“It’s probably a one-on-three,” Trump said, referring to Jake Tapper and Dana Bash, the two CNN anchors tapped to host. Amid all of his whining about an event he fully opted into, Trump confirmed that his actual debate prep is nonexistent.

“People say, ‘How are you preparing?’ I’m preparing by taking questions from you and others, if you think about it,” said Trump.

It’s difficult to imagine how being interviewed by a fan could possibly prepare Trump for the difficult questions that are likely to come his way on Thursday night. Trump will likely face questions about his role in the January 6 insurrection, the millions of dollars he owes author E. Jean Carroll, or the additional millions he owes in penalties from the Trump Organization’s civil fraud case in New York. He’ll likely also face questions about his recent conviction on 34 felony charges in his hush-money trial, allegations that he stole classified documents and obstructed their retrieval, and his racketeering indictment in Georgia for a conspiracy to overturn the results of the 2020 election election. 

Trump will likely field questions about his whole range of unsavory, in many cases illegal, deeds and dangerous proclamations, which conservative pundits would never deign to ask him about. 

“So, uh, I’m preparing by dealing with you. You’re tougher than all of them, right?” Trump said, grinning crookedly. 

Stigall burst into laughter, appearing overjoyed. Trump then shook Stigall’s hand, and thanked him for being a “good friend.” Stigall promptly changed his profile picture on X, formerly Twitter, to a photo of him shaking hands with the former president. 

This is hardly on par with the “hostile environment” Trump’s spokeswoman Karoline Leavitt described during her Monday interview on CNN, which was ultimately cut short. Leavitt said her candidate was wading into dangerous waters so that he could reach the broadest possible audience—admitting that the debate will be the furthest thing possible from these softball interviews with his own supporters.  

But appearances like Leavitt’s, which devolved into airing grievances about Tapper’s coverage of the former president, are Trump’s real debate prep, and it started weeks ago. Through escalating conspiracy theories alleging Joe Biden will be on performance-enhancing drugs, whining about biased moderators and the weaponization of mutually agreed-upon debate terms, Trump’s spin campaign and his debate prep are really one and the same: a battle plan that demands no real strategy because it discounts the outcome before the fight even takes place. 

It’s not dissimilar from Trump’s election strategy. If you can’t beat ’em, there was no race, right? But for someone obsessed with not being a loser, it’s shocking how blatantly Trump telegraphs his inability to win. If his comments are anything to go by, Thursday night will be a fiasco.

It’s common for politicians on the campaign trail to make a show of sampling the local cuisine to look more like an “everyman.” So when Donald Trump was in Philadelphia, of course, he got a cheesesteak. But then, he did something unusual.

Trump had stopped by Tony and Nick’s Steaks Saturday to grab one of Philly’s famous sandwiches. An interviewer asked him about it, and the convicted felon contradicted himself in his answer.

“Ohhh, that was good,” Trump said. “I haven’t sampled it yet, but I will.”

Why would Trump answer the question in that way? Clearly, he wouldn’t know the sandwich was “good” unless he had tried some, but maybe he just loved the experience of having his order taken. And why not eat a hot, melty sandwich right away? It doesn’t taste as good when it’s cold.

But the presumptive Republican presidential nominee has always been weird about food. He loves eating fast food such as McDonald’s because he reportedly has a fear of being poisoned and thinks those places are “safer.” He’s posted staged photos that call into question whether he eats fried chicken with a knife and fork, or even at all. In 2011, he was famously called out by Jon Stewart for eating chain-store pizza with a knife and fork. Maybe Trump didn’t want to make a mess by eating a hot, melty cheesesteak.

Or maybe he forgot if he ate it or not. Trump has shown numerous signs of cognitive decline in recent months, whether it’s fumbling through speeches at rallies, ranting about boats and sharks, or making bizarre, nonsensical claims about migrants. He continues to brag about acing a cognitive test, but he changes the details every time he relates the story. MeidasTouch even made a supercut of several of his gaffes, including him mixing up Nancy Pelosi and Nikki Haley.

Maybe Trump ought to be a little more careful taking shots at Joe Biden and claiming he’ll be on drugs at Thursday’s presidential debate. After all, Biden’s pretty clear about what he enjoys eating.

CNN commentator and former New York Representative Lee Zeldin made a mess of a simple question about political violence ahead of the first presidential debate.

When CNN’s Kasie Hunt asked Zeldin if he thought Donald Trump was “living up to what you say, that leaders should use rhetoric that discourages political violence,” Zeldin, a former New York gubernatorial candidate, talked in circles around the question, evidently still bound by the party diktat that Trump’s conduct is beyond reproach.

“Well, listen, there’s a lot that I would say, you know, as far as President Trump, what he has said, stuff that President Biden has said, that is not maybe you know, what my particular style is, but President Trump is a fighter. You know, he is, he is on offense. I’m sure he’ll be on offense again on Thursday.… Again, not just talking about what, I, my preference is for that positive, uplifting message. But I do think that a lot of people also want to see that contrast outlined. And this is high stakes. Talking about the president of the United States,” Zeldin said.

The verbal contortion act, aside from its shameless refusal to engage with Trump’s long history of encouraging political violence, was not exactly an incisive bit of analysis.

And Zeldin, who unsuccessfully ran against current New York Governor Kathy Hochul to replace Andrew Cuomo, should know the implications of violent political rhetoric better than most; he was attacked while giving a speech on the campaign trail in 2022. Party loyalty, however, seems to have overridden firsthand experience.

Judge Aileen Cannon is considering throwing out a collection of sealed notes on Trump’s behavior that practically prove that he knowingly stole and withheld classified documents from the U.S. government after he left office.

The notes, written by Trump’s former lead attorney Evan Corcoran two months before the FBI raided Mar-a-Lago in August 2022, describe a man who knew that he had taken troves of sensitive documents from the government and who then continued to knowingly conceal the documents from federal investigators, out of concern that being caught with them could result in criminal charges.

“He raised a question as to, if we gave them additional documents now, would they, would they, the Department of Justice, come back and say well, why did you withhold them, and try to use that as a basis for criminal liability or to make him look bad in the press,” Corcoran wrote of a May 2022 interaction with Trump, according to documents reviewed by ABC News.

Cannon is hearing arguments Tuesday on how strongly prosecutors can lean on the note package, and whether the case could be dismissed outright based on the role the notes play in the prosecution’s case.

A quick refresh: The National Archives requested as early as May 2021—just four months after he left office—that Trump return the missing documents to the government. Months later, a Trump representative would admit that 12 boxes of such material were at Mar-a-Lago. The National Archive ultimately retrieved 15 boxes, 14 of which included classified information, though some of the documents were discovered to have been torn up by Trump upon their retrieval. By May 2022, the Justice Department had obtained a subpoena for “any and all” classified documents at Trump’s residence, expecting the documents by the end of the month.

After Trump failed to respond to the subpoena, three FBI agents and DOJ counterintelligence chief Jay Bratt traveled to Mar-a-Lago in June to iron out the dispute. When they arrived, Trump’s attorney handed over an envelope double-wrapped in tape that they said held more classified documents and, despite being made aware that the boxes holding the sensitive documents were being held in a storage room at the resort, the agents were given “no opportunity … to confirm that no documents with classification markings remained.”

Meanwhile, Trump has practically confessed that he took the sensitive records. In an interview on Newsmax earlier this year, Trump claimed point blank that he actually did take the classified documents, describing the process of shamelessly packing them away while leaving office.

“I took ’em very legally,” Trump told the far-right network in March. “And I wasn’t hiding them.”

Trump faces 42 felony charges in the case related to willful retention of national security information, corruptly concealing documents, and conspiracy to obstruct justice. Meanwhile, the Trump-appointed judge overseeing the case has slow-walked the trial so aggressively that she has been accused by legal experts of attempting to postpone it indefinitely. Last week, Judge Aileen Cannon began hearing arguments not related to Trump’s actions—but instead on whether special counsel Jack Smith’s appointment to the case, and its subsequent prosecution, was constitutional.

If Trump wins the election in November, he could potentially pardon himself, considering all of the alleged crimes are federal charges.

Donald Trump’s campaign is hard at work manufacturing a reason for him to skip Thursday’s presidential debate, and his latest tactic is the most ridiculous one yet.

Trump and his former White House doctor Representative Ronny Jackson, who reportedly kept the former president’s administration “awash in speed,” have repeatedly suggested that President Joe Biden will take performance-enhancing drugs before the debate, as part of their crusade to undermine the event and give Trump a get-out-of-jail-free card.

Now they’ve elevated their own bonkers conspiracy theory even further: Trump posted a letter to Truth Social on Monday that Jackson supposedly sent to the White House demanding Biden submit to a drug test before the debate.

“I demand that you submit to a clinically validated drug test in order to reassure the American people that you are mentally fit to serve as President and not relying on performance enhancing drugs to help you with your debate performance,” Jackson wrote. The pill-pushing Texas Republican demanded that the results of the president’s drug test be made public.

In his letter, Jackson echoed Trump’s and right-wing media’s insistence that Biden is suffering from cognitive decline, including a reference to a video of Biden that had been doctored to make him appear to wander away from a group at the G7 conference, and Robert Hur’s damning report casting public doubt on Biden’s memory. Hur’s characterization of their interview has been contested by the White House.

All of this concocted drama around drug use, as well as claims that CNN will host a biased debate, positively reek of desperation to get the former president out of Thursday night’s presidential showdown. It’s not surprising, as Trump is not suited to actual debate: His speech is often erratic and incoherent, and he’s prone to going off on tangents. Plus, Trump has historically taken a hit in the polls after debating with Democrats, in 2016, and again in 2020. While Trump loves to hype up a crowd, he’s just not that convincing when he’s sharing the stage.

It also appears that Jackson may soon want to focus on problems of his own. The House Ethics Committee announced Monday that it will review a report from a congressional watchdog that discovered “substantial reason” to believe that Jackson had converted thousands of dollars of campaign money for his own personal use.

Jackson was demoted by the U.S. Navy in 2022 after the Pentagon inspector general found that he regularly drank on the job, berated his subordinates, and acted inappropriately. Last year, Jackson was filmed unleashing a profanity-laced tirade on a Department of Public Safety officer.