Showing posts with label Barack Obama 2020. Show all posts
Showing posts with label Barack Obama 2020. Show all posts

Wednesday, December 9, 2020

Just a reminder that the harrowing nature of full time employment in the United States hasn't changed much as of Nov 2020

 As a percentage of population, full time in Nov 2020 remains in the basement digging holes at 47.6%, reminiscent of the historic lows pre-Reagan and the double Reagan recessions of the early 1980s.

Full-time never recovered after the Great Financial Crisis of 2008, if you mean a return to pre-GFC1 levels. Under Obama and continuing under Trump full time after eight long years finally clawed its way up to 50.4% in 2019 on an average annual basis, only to be felled again by a lousing, stinking virus.

But don't make the mistake of blaming the virus. Conditions were long too weak to support pre-GFC1 levels of full time employment. Contrast this with the vigor of the Reagan/Bush surge in which full time went from 47.3% to 52.2% in just six years.

That missing vigor is the irreducible fact of the present economic malaise now in its twelfth year which very few acknowledge let alone understand.



  

Friday, October 30, 2020

Trump v Biden has tightened dramatically

 Internal polls reported by both the Meijer campaign and the Scholten campaign in Michigan district 03 from September show Biden +2 in the district represented by Justin Amash.

Rasmussen has been publishing daily national polls since Monday, with Trump and Biden effectively tied:

Monday Trump +1
Tuesday Biden +2
Wednesday Trump +1
Thursday Biden +1.

Rasmussen's first weekly national poll from July 12 had Biden +10.

Real Clear Politics just moved Michigan back into "toss-up" on the strength of a Trafalgar poll showing Trump +2 in the state.

Biden and Obama are scheduled to appear together in Michigan on Saturday, three days before the election.

It's a business trip.


Tuesday, October 27, 2020

Rush Limbaugh lies about COVID-19 right up to the bitter end

 Today, here:

Even with flu shots, the number of people who die every flu season is stunning. It is shockingly high. It’s greater numbers than people are dying of COVID. 

It is shocking, really. The Wuhan virus is the third leading cause of death in the US in 2020, 5.7 times worse than the flu, and there's Rush telling his listeners flu deaths are worse.



Sunday, September 13, 2020

Sunday, May 17, 2020

Grand total foreign holdings of US Treasury securities in May, 2000-2019

Demand slowed from 2013 as stocks once again got a bid (permanent adoption of Bush tax cuts by Obama and Boehner removed uncertainty), but a flight to safety reappeared in 2019 and 2020. Total was still $6.8 trillion in Mar 2020 even after a big drop from Feb amid currency turmoil, the latest report.

The bid for bonds shows the global economy was already weak last year.

Friday, February 14, 2020

Is George Will dead? 5 more years of Trump will mean more utter gridlock, the very definition of his brand of conservatism.

But George Will is nowhere to be found, and is seldom discussed.

Is he dead?

He of all people should be ECSTATIC that Trump and the Democrats keep fighting, day after day, week after week, month after month, year after year. After all, he continuously praised gridlock to high heaven when Barack Obama was president.

But George never appears in my copious, daily reviewing of who's who, saying what's what.

OK, I'm too cheap to pay for WaPo.

I also have standards.

The truth is the more the two sides fight, the fewer the opportunities they have to come together, "get something done" for the American people, and pick our pockets.

We've had way too much pocket picking.






Surely George Will must be keeping quiet these days, repentantly pondering the Ineffable Truth of Trump?

If you plan to vote for Trump in November, dear KAGA, remember to make sure you split your vote to keep Republicans from controlling the US House.

It is under the circumstances Nancy Pelosi at the helm in the House who makes Trump great again, every frickin' day after all, along with Cocaine Mitch in the Senate.

Little new bad spending should pass if this arrangement is maintained indefinitely.

Honestly, don't make me laugh. Kevin McCarthy is not an alternative.

Chuckie Schumer?

A horror show on two legs.

We need more of the current gridlock so that the US Senate judge confirmation machine keeps on spitting out Trump appointments, the only thing Trump seems relatively good at.

So vote for Martha McSally in AZ, for example, who beat Bernie Sanders to the punch when she recently called CNN's Manu Raju a political hack.

Times that try men's souls bring out the best in heroes, and Martha has risen to the occasion. Yes, a brrrrrrrrrrrrrrrrrrrrrrrrrrrrt! from the gun of her A-10 Warthog would have been better, but hey, politics is war by different means.

The best part of Martha winning won't simply be warming a seat along with loser Bernie in the US Senate, but when every time he votes not to confirm a judge she does, and nothing much else gets done.

We must continue to keep George happy, and silent.















Enthusiasm for Trump 2020 re-election in New Hampshire dwarfs previous incumbents Obama, Bush, Clinton and Reagan by 80,000 to 52,000 votes

BILL CLINTON 1996: 76,797

The judge in the Roger Stone trial should be removed from the bench for allowing bias-tainted Tomeka Hart on the jury

Amy Berman Jackson, Obama appointee and former defense for U.S. Representative Democrat William J. "Cash Bribes in My Freezer" Jefferson, who served 5.5 years in the joint.

The only thing saving industrial production in this country since 2007, up less than 5%, has been fracking to mine oil and gas

It has had little to do with Trump or Obama either way, political support or no political support.

The only thing giving an additional recent boost to oil and gas was the 2015 bipartisan agreement to end the oil export ban, signed by Obama.

Industrial production from all mining categories is up almost 17% 2015-2019, and a whopping 53% 2007-2019.

Industrial production from coal mining, a subset of this like oil and gas, is down over 39% since 2007, and 21% since 2015 despite Trump's promise to restore the industry. Industrial production from base metals mining is up less than 3% since 2007. Industrial production from gold and silver mining is down almost 15%.

Industrial production from crude oil mining is up a whopping 140% since 2007, and from natural gas 79% from 2007 through November 2019 on an average basis.

Otherwise it's a sorry picture.

Industrial production from manufacturing is down 1.3% 2007-2019, despite Trump running on bringing manufacturing back to the United States.

And industrial production from electric and gas utilities has grown a paltry 2% 2007-2019.

It's all mining of crude oil and natural gas.

If the anti-capitalist climate kooks get their way, we're all in big trouble.



Friday, February 7, 2020

Trump 2020 Iowa Republican Caucus beats Obama 2012 Dem Caucus 31,000 to 25,000

Iowa may have fewer commit[t]ed Democrats than it once did.

LOL: Donald Trump's crackpot 35% unemployment in February 2016 is 37% today

Jeffrey Snider:

In February of 2016, then-candidate Trump deployed his typical grandiose, exaggerated style after his win in the New Hampshire primary.

“Don't believe those phony numbers when you hear 4.9 and 5 percent unemployment. The number's probably 28, 29, as high as 35. In fact, I even heard recently 42 percent.

[T]he once fake unemployment rate has become his primary campaign symbol.

Big Fat Idiot Rush Limbaugh 2/5/2016:

We have an audio sound bite here from Obama ... He was heralding first-time unemployment rate as being under 5% for the first time in seven years ... Well, there’s a reason he said it. It’s because it’s the only way you can ignore the 94 million Americans not working, not in the labor force ... This is an abject joke. It’s a total joke.

Friday, January 31, 2020

Joe Scarborough's not wrong about the economy just because he's Joe Scarborough


Trump real GDP is averaging 2.5% after three years, Obama averaged 1.6% over eight, and Bush 43 1.9% over eight.

Things are better under Trump, but compared to the post-war up to the year 2000, we're still in big doo doo.

The compound annual growth rate in the post-war up until Bush 43 clocked in at 3.46% per annum on average.

Since 2007 we're struggling to put up 1.7%.

Sumting wong.