Showing posts with label Donald Trump 2025. Show all posts
Showing posts with label Donald Trump 2025. Show all posts

Friday, May 30, 2025

The customers, naturally

 After Trump order, who will pay to keep Michigan coal plant on life support? 

... While the details still remain unclear, utility customers will ultimately be the ones to pay it, they say. ...

The 1935 law Trump administration officials used to order the plant stay open — more commonly deployed for emergencies like hurricanes, wildfires or extreme heat — entitles Consumers to recover its expenses as it complies, according to Dan Scripps, chair of the Michigan Public Service Commission, which regulates utilities in the state. ...

The same day this story was published Consumer's Energy informed me my budget plan payment amount will rise by $48 monthly for the next year.

We are already paying.


Thursday, May 29, 2025

Today's so-called conservatives wish for a nation of executive orders, not a nation of laws

 

Two-weeks-Trump lets Putin string him along for six weeks



Trump lays tariff egg with new "Chicken Do"

 



We've been liberated from Liberation Day by two Republicans (one appointed by Trump) and one Democrat on a court handpicked by Trump to adjudicate his tariffs lol

 

The U.S. Court of International Trade on Wednesday blocked steep reciprocal tariffs unilaterally imposed by President Donald Trump on scores of countries in April to correct what he said were persistent trade imbalances. ...

In its ruling, a three-judge panel on the Court of International Trade said that the International Emergency Economic Powers Act, which Trump invoked to impose the tariffs, does not authorize a president to levy universal duties on imports.
 
“The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs,” the judges wrote.

And separate, specific tariffs on Canada, Mexico and China related to drug trafficking “fail because they do not deal with the threats set forth in those orders,” the panel wrote.

Implementing tariffs typically requires congressional approval.

But Trump chose to bypass Congress by declaring a national economic emergency under IEEPA, which became law in 1977, and then using the purported emergency as justification for cutting Congress out of the process.

The panel not only ordered a permanent halt to the tariffs at issue in the case, but it also barred any future modifications to them.

The Trump administration was given 10 days to make the necessary changes to carry out the judges’ orders. ...



 

Monday, May 26, 2025

Putin pummels Kyiv for a third consecutive record night, makes a fool of Trump and his naive peace overtures and Friedrich Merz's promise of cruise missiles if elected in Germany

The West is supine before a third world dictator equipped with gas stations and nuclear weapons.
 
 

... The Russian bombardment on Sunday night included 355 drones, Yuriy Ihnat, head of the Ukrainian air force’s communications department, told The Associated Press.

The previous night, Russia fired 298 drones and 69 missiles of various types at Ukraine in what Ukrainians said was the largest combined aerial assault during the conflict. From Friday to Sunday, Russia launched around 900 drones at Ukraine, officials said. ...

Russia has this month broken its record for aerial bombardments of Ukraine three times. ...

 




Saturday, May 24, 2025

Thursday, May 22, 2025

Paper tiger Donald Trump March 2018: I will never sign another bill like this again

He's signed them ever since lol. Nothing's changed.

 

Trump signs $1.3 trillion spending bill into law despite being ‘unhappy’ about it

... Trump slammed the rushed process to pass the more than 2,200-page bill released only Wednesday. Standing near the pile of documents, the president said he was “disappointed” in the legislation and would “never sign another bill like this again.” ... 

 


 


 



So-called fiscal hawks of the House GOP totally cave and narrowly pass Trump's omnibus tax and spending bill 215-214: Massie of Kentucky and Davidson of Ohio were the sole Nay votes

 The House Freedom Caucus is a joke, along with the rest of them: At least $20 trillion in new debt over ten years, increases the SALT cap for itemized deductions important in high tax Blue states, Green New Deal spending still in there, ratifies federal support for Medicaid's backdoor vehicle as insurance under Obamacare, etc.

The Chair of the House Freedom Caucus:

 


 

 

 


 

Wednesday, May 21, 2025

Thursday, May 15, 2025

It's so simple even she can understand it

 

The funniest thing that's happening to Donald Trump right now is that while he tries to intimidate the Fed to reduce interest rates and they do nothing, yields are soaring all by themselves

 The bond market is issuing a vote of no confidence in our elected leadership.

One branch of Republican government thinks this is the 19th century with a robust manufacturing base it needs to protect with crazy wild tariffs, and another branch of Republican government thinks it's just fine to go on spending like drunken sailors and not raise taxes to pay for any of it.

Interest payments alone on the national debt in fiscal year 2024 soared to $1.1 trillion against revenues of $4.9 trillion.

Meanwhile the most powerful military in the world can't stop a bunch of rag-headed heathen bastards from launching missiles at Israel.

These people are crackerdog.

US Treasury yields are now up a net 2.37% across the curve since last Friday.
 
Long duration is very unhappy: 10Y at 4.53 at the close yesterday, 20Y at 5.00, 30Y at 4.97.
 
VUSTX ytd total return: -0.53%.
 

 

We'll probably never know whether weak Russian invasion of Ukraine headlines like these at CNBC contributed to Trump's thinking that Ukraine started it

Shrinking from calling what Russia did an invasion was a temporary flight from reality for CNBC, probably motivated by keeping people from panicking and selling stocks.

It's all about the money, for Trump no less than for CNBC. And also for Vladimir Putin.

It should be about something else.

 



Tuesday, May 13, 2025

The devastating truth about the end of US Houthi attacks is that US forces failed after spending more than $1 billion

 The thread is here.

The limits of conventional power have been reached.

Putin has been experiencing the same in Ukraine and could have been defeated, too, had Trump not given him a lifeline with his stupid peace talks.

The future of Taiwan is in great peril.