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    Inside Trump’s Not-So-Swift Brain

    It’s easy to imagine what’s going through Donald Trump’s head right now. I can hear his interior monologue all the way from Mar-a-Lago. He’s fulminating, working himself up to another epic meltdown, like he had over Nikki Haley the night he won the New Hampshire primary. The thoughts pinballing through Trump’s cortex might be something like this:“I like Taylor Swift. I do. She’s made a career of revenge, which gets my Complete and Total Endorsement. She’s beautiful, just my type, unlike that wack job E. Jean Carroll and her sick lawyer, Roberta Kaplan.“Rachel Maddow is not getting my money for that penthouse and shopping spree E. Jean promised her on MSDNC. Rachel wears the same outfit every day anyway. Besides, I don’t have $83 million. My third-rate lawyers drained the money I siphoned from my donors. I thought everyone knew I made that up about being a billionaire.“I’ll tell you what: The idea that Taylor Swift is more popular than me is a joke. Her fans are 13 years old. They can’t even vote.“In the Rigged and Stolen election of 2020, I got the most votes of any president in history. She doesn’t have more fans than me. She doesn’t! And my fans are more committed. Swifties won’t stand in line as long as mine. They’ve never broken into the Capitol for her. Oh, what a beautiful day that was.“Now let me just tell you, I’m two for two, dominating in Iowa and New Hampshire, great, great, fantastic states, very special places. Every place we go we have tens of thousands of people outside every arena. They have to build larger arenas in this country just for me, right?“Taylor seems like a nice girl, a little too wholesome for my taste. She did a Diet Coke ad and I like Diet Coke. She even got Birdbrain to take her daughter to a concert. And sure, I have a Taylor friendship “BFF” bracelet. Who doesn’t? That neurotic dope Maureen Dowd once compared me to a 13-year-old girl. SHE DOESN’T KNOW ME!We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Biden Finds Support but Also Protests in Michigan

    The president’s Michigan trip underscored the fresh challenges he faces this year.President Biden’s visit to Michigan yesterday had all the hallmarks of a vintage Scranton Joe event, as he talked to United Automobile Workers members about his love of cars and affinity for the labor movement.But if the appearance was a throwback to previous campaigns — and a reminder of his historical appeal to a multiracial bloc of working-class voters — the Michigan trip itself underscored the fresh challenges Biden faces this year.Michigan is home to many Arab American and Muslim voters, who were once a solid Biden constituency but are now livid about the president’s support of Israel’s war against Hamas in Gaza.Pro-Palestinian groups protested his visit, carrying signs that called for voters to “abandon Biden.” Demonstrators chanted “Genocide Joe” and “How many kids have you killed today?” outside a campaign stop later in the day, my colleague Michael Shear reported.Some Arab American community leaders, including the mayor of Dearborn, Abdullah Hammoud, recently declined a meeting with Biden’s campaign manager. And a group of activists is planning to encourage Michiganders to vote “uncommitted” in the state’s primaries on Feb. 27.“If we can demonstrate our political power and discontent through as many uncommitted votes as possible in the Michigan Democratic primaries, then the hope is that Biden would feel more at risk of losing Michigan in the general election,” said Layla Elabed, the campaign manager for the effort, who is a sister of Representative Rashida Tlaib of Michigan. She hopes that would prompt him to “shift his policy to support a cease-fire, at least” and to urge restrictions on military aid to Israel.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Our Economy Isn’t ‘Goldilocks.’ It’s Better.

    “Let’s be honest, this is a good economy.”So declared Jerome Powell, the chair of the Federal Reserve, in his news conference on Wednesday after the Fed’s latest policy meeting. He’s right, even if the public isn’t fully convinced (although the gap between economic perceptions and reality seems to be narrowing). In fact, Powell is clearly wrestling with a dilemma many countries wish they had: What’s the right monetary policy when the news is good on just about all fronts?Contrary to what you may have heard, this is not a “Goldilocks economy” — get your children’s stories right, folks! Goldilocks found a bowl of porridge that was neither too hot nor too cold. We have an economy that is both piping hot (in terms of growth and job creation) and refreshingly cool (in terms of inflation).Hence the Fed’s dilemma. It increased interest rates in an attempt to reduce inflation, even though this risked causing a recession. Now that inflation has plunged, should it quickly reverse those rate hikes, or should rates remain high because we have not, in fact, had a recession (yet)?I believe that the risk of an economic slowdown is much higher than that of resurgent inflation and that rate cuts should come sooner rather than later. But that’s not the kind of argument that’s going to be settled on the opinion pages. What I want to talk about, instead, is what the good economic news says about policy and politics.Before I get there, a quick summary of the good news that has come in just in the past few weeks.First, inflation. For both historical and technical reasons, the Fed aims for 2 percent inflation; over the past six months, its preferred price measure has risen at an annual rate of … 2 percent. “Core” inflation, which excludes volatile food and energy prices, has been running slightly below target.The Fed also looks at wage growth, not because workers have caused inflation, but because wages are usually the stickiest part of inflation and therefore an indicator of whether disinflation is sustainable. Well, on Wednesday, the Employment Cost Index came in below expectations and is now more or less consistent with the Fed’s target. On Thursday we learned that productivity has been rising rapidly, so unit labor costs are easily consistent with low inflation.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Haley Entered 2024 With $14.6 Million, Fueling Her Enduring Bid

    Nikki Haley, the last candidate standing between former President Donald J. Trump and the Republican nomination, raised $24 million in the last three months of 2023 and entered this year with $14.6 million in her campaign account, a hefty sum that has all but ensured she will have the money to press on with her insurgent bid for the White House.The final fund-raising numbers of last year do not reveal how much Ms. Haley, the former governor of South Carolina, has raised since she came in a distant third place in the Iowa caucuses on Jan. 15, then lost again in the New Hampshire primary election eight days later.But the filings with the Federal Election Commission on Wednesday do indicate that her frugal presidential campaign has kept a lid on spending as it has pressed for new contributions.“We are running a smart campaign and that means spending our money wisely,” said Olivia Perez-Cubas, a spokeswoman for the Haley campaign. “Seventy percent of Americans don’t want a Biden-Trump rematch, and we have the resources and energy to make sure that doesn’t happen.”While Ms. Haley’s campaign handled money carefully, a super PAC backing her, SFA Fund Inc., spent heavily on advertising in 2023. The group reported raising $50.2 million in the second half of 2023, for a total of $68.9 million all year, but spent nearly all of it, ending the year with about $3.5 million on hand.This week, Ms. Haley, who was Mr. Trump’s first ambassador to the United Nations, made her pitch to some of the wealthiest donors in the country, seeking their support as she continues a long-shot bid for the Republican nomination. And when the week is done, her aides say, she will sit down, as she has throughout her run, and personally review her campaign’s expenses.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Running for President Is Not a Hobby

    Think I have something good to report, people. No, it’s not about how to get your kids Taylor Swift tickets in Tokyo.My news is that Dean Phillips is not going to run as a third-party candidate for president.“No! No!” he assured me when I asked him the big question this week.OK, you’re thinking that you’ve had more thrilling news from the grocer on banana prices. But follow along for a minute.Phillips is a representative from Minnesota who campaigned very energetically in the New Hampshire presidential primary. People there were a tad piqued by the Democrats’ decision to move the first official party vote to South Carolina. Despite all that rancor, Phillips, who, unlike President Biden, was on the ballot, got about 24,000 votes to Biden’s nearly 80,000 write-ins.But he’s marching on. “Look at the data,” he said. (I discovered during our phone interview that Phillips says “Look at the data” a lot.) “I’m from the business world. It’s time to come out with a new product.”If you want to run for president and it doesn’t look as if your party is going to nominate you, you have two real choices. You can do what Phillips is doing: keep competing in the primaries and hope voters will embrace your message. Or you can get yourself on the ballot in November as a third-party candidate.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Taylor Swift, Travis Kelce and a MAGA Meltdown

    The fulminations surrounding the world’s biggest pop icon — and girlfriend of Chiefs tight end Travis Kelce — reached the stratosphere after Kansas City made it to the Super Bowl.For football fans eager to see a new team in the Super Bowl, the conference championship games on Sunday that sent the Kansas City Chiefs and San Francisco 49ers back to the main event of American sports culture were sorely disappointing.But one thing is new: Taylor Swift. And she is driving the movement behind Donald Trump bonkers.The fulminations surrounding the world’s biggest pop icon — and girlfriend of Travis Kelce, the Chiefs’ star tight end — reached the stratosphere after Kansas City made it to the Super Bowl for the fourth time in five years, and the first time since Ms. Swift joined the team’s entourage.The conspiracy theories coming out of the Make America Great Again contingent were already legion: that Ms. Swift is a secret agent of the Pentagon; that she is bolstering her fan base in preparation for her endorsement of President Biden’s re-election; or that she and Mr. Kelce are a contrived couple, assembled to boost the N.F.L. or Covid vaccines or Democrats or whatever.“I wonder who’s going to win the Super Bowl next month,” Vivek Ramaswamy, the conspiratorial presidential candidate, turned Trump surrogate, pondered on social media on Monday. “And I wonder if there’s a major presidential endorsement coming from an artificially culturally propped-up couple this fall.”The pro-Trump broadcaster Mike Crispi led off on Sunday by claiming that the National Football League is “rigged” in order to spread “Democrat propaganda”: “Calling it now: KC wins, goes to Super Bowl, Swift comes out at the halftime show and ‘endorses’ Joe Biden with Kelce at midfield.”Other detractors of Ms. Swift among Mr. Trump’s biggest fans include one of his lawyers, Alina Habba, one of his biggest conspiracy theorists, Jack Posobiec, and other MAGA luminaries like Laura Loomer and Charlie Kirk, who leads a pro-Trump youth organization, Turning Point USA.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    MAGA Is Based on Fear, Not Grounded in Reality

    A few days ago, Kristi Noem, the Republican governor of South Dakota — a MAGA hard-liner sometimes mentioned as a potential running mate for Donald Trump — warned that President Biden is “remaking” America, turning us into Europe. My first thought was: So he’s going to raise our life expectancy by five or six years? In context, however, it was clear that Noem believes, or expects her audience to believe, that Europe is a scene of havoc wrought by hordes of immigrants.As it happens, I spent a fair bit of time walking around various European cities last year, and none of them was a hellscape. Yes, broadly speaking, Europe has been having problems dealing with migrants, and immigration has become a hot political issue. And yes, Europe’s economic recovery has lagged that of the United States. But visions of a continent devastated by immigration are a fantasy.Yet such fantasies are now the common currency of politics on the American right. Remember the days when pundits solemnly declared that Trumpism was caused by “economic anxiety”? Well, despite a booming economy, there’s still plenty of justified anxiety out there, reflecting many people’s real struggles: America is still a nation riddled with inequality, insecurity and injustice. But the anxiety driving MAGA isn’t driven by reality. It is, instead, driven by dystopian visions unrelated to real experience.That is, at this point, Republican political strategy depends largely on frightening voters who are personally doing relatively well, not just according to official statistics but also by their own accounts, by telling them that terrible things are happening to other people.This is most obvious when it comes to the U.S. economy, which had a very good — indeed, almost miraculously good — 2023. Economic growth not only defied widespread predictions of an imminent recession, it also hugely exceeded expectations; inflation has plunged and is more or less where the Federal Reserve wants it to be. And people are feeling it in their own lives: 63 percent of Americans say that their financial situation is good or very good.Yet out on the stump a few days ago, Nikki Haley declared that “we’ve got an economy in shambles and inflation that’s out of control.” And it’s likely that the Republicans who heard her believed her. According to YouGov, almost 72 percent of Republicans say that our 3-2 economy — roughly 3 percent growth and 2 percent inflation — is getting worse, while only a little over 6 percent say that it’s getting better.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Trump Rages at U.A.W. President After Biden Endorsement

    A few days after the United Auto Workers endorsed President Biden for re-election, former President Donald J. Trump raged at the union’s leader, Shawn Fain, on Sunday night.Mr. Trump wrote on his social media platform that Mr. Fain “is selling the Automobile Industry right into the big, powerful, hands of China.”He claimed that Mr. Biden’s support for electric vehicles would destroy the American auto industry and send jobs overseas. “Shawn Fain doesn’t understand this or have a clue,” he wrote. “Get rid of this dope & vote for DJT. I will bring the Automobile Industry back to our Country.”The provocation for Mr. Trump’s comments appeared to be a CBS News interview on Sunday in which Mr. Fain said that Mr. Biden had “a history of serving others and serving the working class,” while Mr. Trump had “a history of serving himself and standing for the billionaire class.”Mr. Fain also emphasized Mr. Biden’s decision to meet with striking U.A.W. workers in September, which made him the first sitting president to join a picket line. Mr. Trump has sought to position himself as a champion of the workers’ interests, and he tried to court blue-collar workers with a speech the same week — but at a nonunion factory.Michael Tyler, a spokesman for Mr. Biden’s campaign, said in a statement, “Apparently losing the U.A.W. endorsement to Joe Biden has left Donald Trump’s wounded ego with quite the SCAB.” He argued that the corporate tax changes Mr. Trump signed as president had themselves encouraged companies to move jobs overseas. More