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For Immediate Release
March, 19 2025, 05:34pm EDT
Contact:
Fed Officials Warn Trump is Steering Our Economy Toward Disaster, Stagflation
Trump’s economy is tanking, according to the Federal Reserve’s latest forecast. In the FOMC’s Summary of Economic Projections, Fed officials are now projecting that Trump’s chaos will lead to higher unemployment, faster inflation, and slower growth – all the ingredients for stagflation. Earlier this month, Powell warned that Trump’s trade wars will likely raise prices for consumers.
Groundwork Collaborative’s Chief of Policy and Advocacy Alex Jacquez reacted with the following statement:
“The Federal Reserve’s projections confirm what millions of Americans are already thinking: President Trump is steering our economy toward disaster. Voters elected President Trump to lower the cost of living, and instead, they continue to be saddled with persistently high inflation and interest rates.
“Launching chaotic trade wars with our allies and gutting Social Security, Medicaid, and other vital programs in order to fund tax breaks for his billionaire donors isn’t making life more affordable for working-class families. It is, however, a perfect recipe for stagflation.”
The Groundwork Collaborative is dedicated to advancing a coherent and persuasive progressive economic worldview and narrative capable of delivering meaningful opportunity and prosperity for everyone. Our work is driven by a core guiding principle: We are the economy. Groundwork Collaborative envisions an economic system that produces strong, broadly shared prosperity and power for all people, not just a wealthy few.
LATEST NEWS
Naked Kennedy Center Staffer Rips 'Villainous Liar' Trump and 'Nazi Wannabe' Musk
"I have called Trump out on his bullshit and dare him to fire me for being unapologetically queer, and critical, for showing up everyday in my best red lip and woke gender ideology that says don't fuck with me."
Mar 20, 2025
"Walk away or fight?"
That's what one program director at the John F. Kennedy Memorial Center for the Performing Arts in Washington, D.C. asked in response to U.S. President Donald Trump's bigoted attacks on racial, religious, and sexual minorities—and the artist literally bared all of himself while mulling the question.
"Trump has taken over the Kennedy Center, and that's a place where I work. He has banned drag performers from its stages. And as the saying goes, 'we're all born naked and the rest is drag," Tavish Forsyth, the associate artistic lead for the Kennedy Center's Opera Institute, said in a YouTube video, wearing nothing but an 8-bit rainbow-striped heart digitally superimposed over his groin.
Trump recently took over the Kennedy Center, firing its board, appointing himself chair of the body, and
replacing its members with loyalists in what many critics believe is a bid to remake the venerable institution in his own image.
Washington Post associate editor Marc Fischer wrote Wednesday that "there has been much worry in the anti-Trump world that the president will turn the Kennedy Center into an easy-listening temple, a reliquary for washed-up middlebrow acts, a refuge for the few artists who wave the MAGA flag. Kid Rock in the Opera House, Jason Aldean in the Concert Hall."
Reflecting his administration's attacks on LGBTQ+ people, Trump has canceled or proscribed performances deemed "woke," including a concert featuring the Gay Men's Chorus and the National Symphony Orchestra's A Peacock Among Pigeons: Celebrating 50 Years of Pride.
Calling Trump a "villainous liar," Forsyth asked: "Does staying make me a collaborator or somehow complicit in a hostile government takeover that is systematically targeting the rights, livelihood and liberty of poor people, queer people, Black, brown people, people of color, immigrants, Muslims, victims in war-torn countries, ethnic cleansing, women... Gosh when I put it like that, it seems kind of obvious: Fuck Donald Trump and fuck the Kennedy Center. But, on the other hand, is staying holding the line and living to fight another day?"
Forsyth called Trump's move to install himself as the head of Kennedy Center's board "surprising, because he seemed so busy draining dams, damning alliances, siding with killers, endorsing genocide, erasing trans and queer people from history, deporting people who have every right to live in a land of immigrants—a stolen land—and doing everything in his goddam power to seem like a big tough man while Nazi wannabe [Elon] Musk, systematically erodes the government while selling Cybertrucks to the next generation of American war criminals."
"And now that I've said all this shit, people will name me radical, crazy, Antifa, terrorist, pot-smoking, faggot, hippie, whatever the fuck," Forsyth continued. "I also fear that I make myself unemployable. To which I also say, 'Fuck it!' If I'm unemployable, then let it be because I chose to be unrulable. Let it be because I choose me, my beloved family, and stand in solidarity with communities that equally deserve to be free."
"Every bone in my body says run," Forsyth confessed. "And I haven't been sleeping well for over a week. My heart says love one another. My ego says don't let them win. Don't give up. Don't abandon a worthy cause... I have called Trump out on his bullshit and dare him to fire me for being unapologetically queer, and critical, for showing up everyday in my best red lip and woke gender ideology that says don't fuck with me. I threaten him to arrest me for breaking his unjust laws that threaten diversity."
"Shoot your shot, Donald," he added. "The rest of you, should I quit the Kennedy Center or wait to be crucified for this man's sins?"
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Judge Blocks DOGE 'Fishing Expedition' in Sensitive Social Security Data Systems
"The court saw that Elon Musk and his unqualified lackeys present a grave danger to Social Security and have illegally accessed the data of millions of Americans," said one union leader.
Mar 20, 2025
Defenders of the Social Security Administration celebrated a federal judge's Thursday order blocking U.S. President Donald Trump and Elon Musk's Department of Government Efficiency from access to millions of Americans' SSA records.
"The DOGE team is essentially engaged in a fishing expedition at SSA, in search of a fraud epidemic, based on little more than suspicion. It has launched a search for the proverbial needle in the haystack, without any concrete knowledge that the needle is actually in the haystack," wrote Maryland-based U.S. District Judge Ellen Hollander, who issued a temporary restraining order.
In her 137-page opinion, Hollander explained that "to facilitate the expedition, SSA provided members of the SSA DOGE team with unbridled access to the personal and private data of millions of Americans, including but not limited to Social Security numbers, medical records, mental health records, hospitalization records, drivers' license numbers, bank and credit card information, tax information, income history, work history, birth and marriage certificates, and home and work addresses."
"Yet, defendants, with so-called experts on the DOGE team, never identified or articulated even a single reason for which the DOGE team needs unlimited access to SSA's entire record systems, thereby exposing personal, confidential, sensitive, and private information that millions of Americans entrusted to their government," noted the appointee of former President Barack Obama.
"Indeed, the government has not even attempted to explain why a more tailored, measured, titrated approach is not suitable to the task. Instead, the government simply repeats its incantation of a need to modernize the system and uncover fraud. Its method of doing so is tantamount to hitting a fly with a sledgehammer," asserted the judge, concluding that "plaintiffs are likely to succeed on their claim that such action is arbitrary and capricious," and violates the Privacy Act and the Administrative Procedure Act.
The plaintiffs in this case are three unions—the American Federation of State, County, and Municipal Employees (AFSCME), Alliance for Retired Americans, and the American Federation of Teachers (AFT)—represented by Democracy Forward. In addition to DOGE, they sued the SSA and its acting commissioner, Leland Dudek, over the "data grab."
"This is a major win for working people and retirees across the country," AFSCME president Lee Saunders said of the Thursday order. "The court saw that Elon Musk and his unqualified lackeys present a grave danger to Social Security and have illegally accessed the data of millions of Americans. This decision will not only force them to delete any data they have currently saved, but it will also block them from further sharing, accessing, or disclosing our Social Security information."
AFT president Randi Weingarten also welcomed the development, saying that "no one filed for Social Security believing their personal assets would be appropriated by a billionaire who attacks Social Security as a 'Ponzi scheme.' Americans must be allowed to retire with dignity and grace without having to worry about Elon Musk jeopardizing their savings."
Skye Perryman, president and CEO of Democracy Forward—which is involved with multiple court battles challenging the Trump administration's sweeping assault on the federal government—pledged Thursday that "our team will continue its legal efforts to ensure that this data remains protected and that those responsible are held accountable."
Judges who have ruled against Trump and Musk's agenda have faced threats of violence and impeachment.
While the Musk-led entity's attempt to gut the federal government has sparked various legal fights, "this ruling is the first time a federal court has explicitly mandated that Musk and DOGE delete unlawfully obtained data," according to Democracy Forward.
Critics of the administration's attempt to "sabotage" the SSA—which includes cutting phone services, laying off workers, shutting down offices, and stealing seniors' earned benefits—warn that Trump and Musk are pushing for privatization.
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Lutnick Urging Fox Viewers to Buy Tesla Stock Decried as 'Abuse of Power for Personal and Family Gain'
One critic noted that the billionaire commerce secretary "conveniently forgot to mention his family business empire holds nearly $840 million in the company" led by government-gutting Elon Musk.
Mar 20, 2025
"Buy Tesla. It's unbelievable that this guy's stock is this cheap. It'll never be this cheap again... Who wouldn't invest in Elon Musk?"
That's what U.S. President Donald Trump's billionaire commerce secretary, Howard Lutnick, told viewers of Fox News' "Jesse Watters Primetime" on Wednesday—comments that watchdog groups swiftly condemned as unethical and illegal.
In addition to serving as CEO of companies including electric vehicle maker Tesla, Musk heads Trump's Department of Government Efficiency, which is leading the administration's sweeping attack on the federal bureaucracy. Musk is also the richest person on Earth, with an estimated net worth of $310-327.5 billion, some of which he put toward electing the Republican president
Earlier this month, Trump hosted a Tesla car show at the White House. His and Lutnick's stunts come as the company faces protests over Musk's work for the administration. Axiosreported that "Tesla shares were down about 1.7% in premarket trading Thursday to $231.75. The stock is down 5% in the last five days, 35% in the last month, and 42% so far this year."
The commerce secretary not only urged Fox's audience to invest in Tesla, he also heaped praise on Musk, calling him "probably the best entrepreneur, the best technologist, the best leader of any set of companies in America."
Responding to Lutnick's remarks in a Thursday statement, Kedric Payne, vice president, general counsel, and senior director for ethics at Campaign Legal Center, said that "the president's Cabinet members take an oath to serve the American people, and with that oath comes the ability and privilege to exercise a vast amount of power."
"Such power is intended to promote the public interest," Payne continued, stressing that officials like the commerce leader are "legally barred" from promoting their personal business interests. "Secretary Lutnick's actions violate the ethics rules that were enacted to hold public officials accountable to the American people. His statement is part of a pattern of behavior showing that Trump's indifference to ethics is trickling down to his most senior officials."
"The American people deserve a government that prioritizes public good," he added. "Most people will conclude that promoting a stock is not tied to any public good and ethics laws agree. The Office of Government Ethics and Commerce ethics officials should hold Lutnick accountable and reassure the public that their officials will face consequences if they use their public office to enrich themselves or their allies."
Tony Carrk, executive director of the watchdog Accountable.US, not only criticized Lutnick's remarks but also highlighted how the Cabinet member could benefit from them, declaring that "this is what abuse of power for personal and family gain looks like."
"When the billionaire commerce secretary used the Trump administration bully pulpit to try to rocket Tesla stock value, he conveniently forgot to mention his family business empire holds nearly $840 million in the company," Carrk explained. "While Secretary Lutnick is busy making TV appearances in a government capacity to potentially enrich his family business and his close ally Elon Musk, the rollercoaster Trump tariff policies he helped orchestrate are doing little to lower costs for working people—in fact quite the opposite."
Asked about Lutnick's comments on Thursday, White House Press Secretary Karoline Leavitt said, "I think the commerce secretary was reiterating that the president supports an American-made company like Tesla, who produces a very good product for the American people, which was beloved by the American people, particularly Democrats, until Elon Musk decided to vote for Donald Trump."
"And now we have seen despicable and unacceptable violence taking place across our country at Telsa dealerships, against workers, employees, and also innocent Americans who drive these vehicles," she added. "It's actually a scary time in our country because of this political violence from the left, and the White House and the president's entire administration condemn it wholeheartedly."
As outrage over the Trump administration's promotion of Musk's company mounted on Thursday, the National Highway Traffic Safety Administration
recalled more than 46,000 of Tesla's Cybertrucks—or nearly all of them on U.S. roads—due to concerns about an exterior panel that can detach while driving, creating safety problems.
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