Wednesday, December 3, 2025

Classic CNBC -- Sorkin Interviewing Bessent -- Sorkin Walks Into Bear Trap -- Audience Goes Wild -- CNBC Immediately Cuts Away -- 8:28 A.M. CT -- December 3, 2025

Locator: 49591TRAP.

Bear trap:

B: Tarriffs: are tariffs inflationary? Democrats: Yes.

B: Taxes: are taxes inflationary? Democrats: Yes.

B: So, why don't you join Trump -- let's cut taxes if we want to cut inflation.

Absolutely brilliant. 

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 How These Stories Repeat

One has to laugh.

CNBC started the meme that tariffs cause inflation.

Then, the mainstream print media, particularly The New York Times starts repeating the CNBC meme that tariffs cause inflation.

Then CNBC starts repeating the meme that we're "reading" more and more stories that tariffs are inflationary. LOL. CNBC has been persistent, consistent, insistent that tariffs cause inflation. It gets tedious. 

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SNAP

Data standoff: Trump’s agriculture secretary threatened to withhold SNAP benefits in 21 Democrat-led states after they refused to provide the USDA with data, including recipients’ names and immigration statuses. The USDA says it wants the data “to root out” fraud. 

Trump administration could win on this one. They might not win at first, but eventually, they could. The administration doesn't want any private information, no names associated with social security numbers, but simply the state to do an in-state analysis and provide the total number of folks getting SNAP benefits and total number of folks who get SNAP benefits that have SSNs. 

If a million people are receiving SNAP benefits, and only 800,000 have SSNs, one gets an idea of the extent of the problem.  

If the states don't have that data, that's even more problematic.  

AI

SNAP beneficiaries document income eligibility through documents like pay stubs or employer statements, bank statements, and records of other income or expenses like child support or medical bills. States also use third-party databases to verify employment and income, such as the Work Number. Applicants must provide documentation for both earned and unearned income, as well as information on potential deductions like child care and medical costs. Telephone interview.

No, "illegal immigrants" are not eligible for federal Supplemental Nutrition Assistance Program (SNAP) benefits
. Federal SNAP rules do not extend eligibility to undocumented immigrants, and the program is reserved for U.S. citizens, certain lawfully present non-citizens, and specific immigrant groups.  

Based on the information above, and the likely questions I might be asked, it's very likely that I qualify for SNAP benefits. I am unemployed; I hold minimal amount of cash in checking account to keep account open; no child support; me personally, no medical bills in past years. To verify employment and income, I doubt I would show up on Work Number. 

Years ago, our adult daughter whose husband was a student at the Harvard Business School and she had a entry-level nursing job (the midnight shift), she applied for and (appropriately) received SNAP benefits. Two years later when her husband graduated from business school and had a 6-figure salary, our adult daughter called SNAP again to be removed from the program. The SNAP folks advised her to stay on the program because "if for some reason she qualified again, it would be harder to go through the process again, than just stay on the program now." True story. 

Query: are illegal Somali immigrants in a special class and eligible for SNAP benefits? No, at least according to Google search. 

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Covid-19 Masks

Based on video provided by CNBC, it appears that ICE agents are still allowed to wear Covid-19 masks despite lawsuits.