The Free Press
NewslettersSign InSubscribe
TGIF: It All Comes Out
Suspected shooter Luigi Mangione is led from the Blair County Courthouse after an extradition hearing December 10, 2024, in Hollidaysburg, Pennsylvania. (Jeff Swensen via Getty Images)
Janet Yellen admits we’re in the red, immigration is in fact very high, Elizabeth Warren thinks the UHC CEO had it coming, Rudy can’t get a cab home, and much, much more.
By Nellie Bowles
12.13.24 — TGIF
987
1,074

Welcome back. You may have noticed our beautiful new website. All those weeks I was out for “maternity leave” were actually spent hammering out fonts and graphics. Yes, I did it all myself, with no involvement from someone named Daniel Hallac. Glad that’s clear. Now let’s get to the news!

→ ’Tis the season: Our once and future First Lady, Melania Trump, spent this week on Fox & Friends, a major show on a major news network, selling Christmas ornaments:

Melania: “So these are the ornaments that are available this season, this is the third season that I design, and they are very special. For example, ‘Lady Liberty,’ it was inspiration from my necklace that I bought when I was modeling in Paris. And now we have ornament, and we have also a necklace that is available on melaniatrump.com.”

Brian Kilmeade: “These are awesome. These are fantastic.”

Melania: “And they’re very patriotic this year, you can see it’s all red, white, and blue. . . . it’s a great gift and a great collectible, they’re beautiful.”

The ornament is called “Merry Christmas, AMERICA!” Crafted from brass and enamel, it also comes with Melania’s signature and the option of a “digital collectible.”

Leaving aside the fact that our First Lady doing an infomercial for Christmas ornaments is exactly what the framers of the Constitution intended, do we think this is just a preview for what’s to come? I feel that in this next Trump term (second term of maybe five or six total), there will not be a White House news peg without something to sell alongside it. Holidays are obvious. But I’m talking natural disasters (Trump Insurance, obviously), jobs numbers (Trump La-Z-Boys), healthcare reform (RFK Jr. barbells and tallow oil), turkey pardonings (pay to dine with Don Jr.), and foreign visits (buy the shoes Trump wore in North Korea! Or a digitized rendering!).

→ Okay, now we can talk about the deficit: And it’s so bad! We’re in debt bad, sweetie. We’re in “bring Daddy this drink and go to your room” debt. We’re in “check the mattress” debt. But at least we can finally say it! That’s per United States Secretary of the Treasury Janet Yellen this week, who poured herself a Scotch and said: “I am concerned about fiscal sustainability, and I am sorry we haven’t made more progress. I believe that the deficit needs to be brought down.” I am concerned about fiscal sustainability, she says. The next guy better not spend too much or do anything crazy. Deficit is the key word now for the Dems as Biden sundowns in the Oval. And I’m happy, I guess. I, too, think our spending is crazy.

To recap, Biden spent $175 billion forgiving student loans, which every economic analysis agreed was a handout for the affluent, a cash transfer to his staffers and their friends, a bailout for a corrupt university system. Surely Janet Yellen has been saying deficit all along, right? Let me check her comments from right before the election, here reported in Fortune magazine:

Huh. Hmm. Right. Thanks, Janet.

Continue Reading The Free Press
To support our journalism, and unlock all of our investigative stories and provocative commentary about the world as it actually is, subscribe below.
Annual
$8.33/month
Billed as $100 yearly
Save 17%!
Monthly
$10/month
Billed as $10 monthly
Already have an account?
Sign In
To read this article, sign in or subscribe
Nellie Bowles
Nellie Bowles is a co-founder for The Free Press and its head of strategy. She was previously a reporter at The New York Times, where she won the Gerald Loeb Award for investigative journalism and the Robert F. Kennedy Journalism Award. She started her career at her hometown paper, the San Francisco Chronicle.
Comments
Join the conversation
Share your thoughts and connect with other readers by becoming a paid subscriber!
Already a paid subscriber? Sign in

No posts

For Free People.
LatestSearchAboutCareersShopPodcastsVideoEvents
Download the app
Download on the Google Play Store
©2025 The Free Press. All Rights Reserved.Powered by Substack.
Privacy∙Terms∙Collection notice