Three weeks ago Trump said Iran has new, rational leadership, but now they're just as cuckoo as before, lyin' scum, et cetera lol

 

Trump: I don’t want to deal with them anymore … as far as I’m concerned, it’s over

Trump says Iran ceasefire is ‘over’ after latest round of strikes

Oil surges almost 6% as Trump dashes hopes of end to Iran war  

The most important thing commanding Mad King Ludwig's attention right now is renewing his threats against our friends in Greenland and NATO, not that our enemy Iran just attacked four ships in the Omani corridor in the last 24 hours

 His brain is a bucket of eels.

Trump renews Greenland threats at NATO summit, says U.S. could remove troops from Europe

Oil prices rise more than 2% after attacks on tankers in Strait of Hormuz  

UKMTO is reporting that three attacks were reported, not four.

 

 

Labor's share of business income made another new low in 1Q2026, the fourth consecutive quarterly decline

 Meanwhile Applesauce Brains II:

Trump says ‘everybody’s profiting’ from recent market rallies — but it’s mostly the 1% 

 ... The bottom 50% of households collectively hold just 1% of that stock and mutual fund wealth.

 ... According to a Gallup Poll often cited by Treasury Secretary Scott Bessent, 38% of American households have no exposure to equities at all.

... As of the first quarter of 2026, the top 1% owned half of corporate equities and mutual fund shares, or about $27.64 trillion, according to the most recent Federal Reserve data, while the top 10% of Americans hold more than 87%.

Meanwhile, the bottom 50% of households collectively held just 1% — or $590 billion — of that stock and mutual fund wealth.

“Half of Americans effectively own no stocks,” said Mark Zandi, chief economist at Moody’s. And “to be in the top 1%, you need to make over $750,000 annually.” ...

 

 

The Golden Age of eating but not working: A record 105.808 million not-in-labor-force in Donald Trump's America in June 2026, Dumb Ass Unemployment Rate still higher than at any point in his first term when Limbaugh stopped talking about it

 The Donald Trump-Rush Limbaugh Dumb Ass Unemployment Rate in June 2026 is 38.14%.

 

Trump won't renew his best agreement ever made with Canada and Mexico lol

 U.S. won’t renew USMCA, opening door for negotiations with Canada and Mexico

... The USMCA was negotiated during Trump’s first term to replace the previous, 26-year-old trilateral trade pact known as NAFTA, which Trump frequently excoriated as a raw deal for the U.S.

When the new deal came into effect in July 2020, Trump touted it as “the fairest, most balanced, and beneficial trade agreement we have ever signed into law.” ...  

The Trump clown show now says the housing bill is so unimportant, you know, the bill he urged Congress to pass in a White House proclamation on June 12th lol

 

House Speaker Mike Johnson sends housing bill to Trump, starting 10-day clock

 

Oh gee what a coincidence lol

 Trump says he is nominating former Oklahoma state trooper Lance Schroyer as ICE director

... Schroyer hails from the same home state as the new Department of Homeland Security Secretary Markwayne Mullin, a former congressman. ...

Mullin: "I know a guy".

Trump: "Good. He's in".

Trump will never master personnel.

I sure hope he turns out better than the pool guy! 

Meanwhile the foreign born population level, which counts without respect to citizenship status, is still higher than when Trump was elected in November 2024.

That deportation thingy in Trump II is going about as well as The Wall went during Trump I. 

 

Trump's war in the Persian Gulf will have permanent negative consequences for freedom of the seas, just like in the Red Sea

 

The current economic growth rate continues to underperform the post-war compound annual growth rate to Reagan by 42%

 1Q2026 real GDP in the third estimate today came in at an annualized rate of 2.1%.

The first estimate was 2.0%. The second was 1.6%.

The revision back up again and a little higher was "primarily reflecting a downward revision to imports", which are a subtraction from GDP.

Expect higher GDP in 2Q on the strength of oil exports. 

The post-war economic growth rate to Reagan was 3.64% compound annual vs. 2.1% now.

The compound annual rate 2017-2025 was 2.48%.

Trump is even underperforming himself by 15%. 

 

 

Well guess what, Speaker Mike Johnson apparently never presented the housing bill to the president, so the 10-day clock is not ticking for it to become law

 Trump halts bipartisan victory lap on housing 

... One potential wrinkle in that 10-day clock is that it doesn’t start until the enrolled bill has been officially “presented” to the president.

It wasn’t immediately clear whether that had happened yet as of Trump’s social media post at 10:26 a.m. But as the day went on it became apparent the bill still hadn’t been presented to the president, according to a top Democrat.

House Minority Whip Katherine M. Clark, D-Mass., laid the blame at Johnson’s feet.

“Mike Johnson could, right now, at any time, formally present this bill to the president and make the president choose: Will he veto it or will it become law in ten days?” Clark said at a news conference. “But Mike Johnson is not choosing that path. That is a betrayal of duty.”

Aides to Johnson didn’t respond to requests for comment. ...

 

Trump moves forward with U.S. Postal Service plan to interdict mail-in ballots and prevent voting by mail in states which won't give him voter data

This is not a joke. 

Postmaster general confirms plan to hold back mail ballots in states that won’t share voter data 

Postmaster General David Steiner told lawmakers Wednesday that the U.S. Postal Service will no longer deliver mail-in ballots in states that refuse to provide sensitive voter data to the federal government, in line with a proposed rule from the Trump administration. ... 

 

 

President Applesauce Brains II forgot that he urged Congress 12 days ago to pass the bill which he refused to sign today lol

 

As long as Trump doesn't veto the damn thing, the Uniparty's housing bill will become law in 10 days without his signature

 But he will be remembered negatively for it in November either way.

Democrats who want to impeach the president will include it prominently in their campaigns against him. 

Throwing a fit over this is about as smart as attacking Iran without a plan to keep the Strait of Hormuz open. 

He has learned nothing

 

Trump cancels signing of bipartisan housing bill, demanding voter-ID provision

Traitor Trump gives aid to the Axis of Evil by unlocking Iranian crude oil, 90% of which is normally purchased by the Chicoms

 U.S. issues sweeping Iran oil sanctions waivers, unlocking billions in revenue for Tehran

The U.S. has issued a sweeping rollback of sanctions on Iranian oil, allowing dollar-denominated trade for the first time in more than four decades ...

The U.S. Treasury on Monday issued a wide-ranging 60-day exemption allowing Iran to produce and sell crude oil, petrochemical and petroleum products in U.S. dollars through Aug. 21. ...

The move on Monday marks the most sweeping rollback of American oil sanctions against Iran since the 1979 Islamic Revolution, reversing years of pressure designed to cripple Iran’s economy, and is expected to deliver billions in oil revenue for the Iranian regime. ...

U.S. President Donald Trump defended the lifting of the sanctions, saying on Monday that any oil profits were meant for Iran to purchase American agricultural goods, rather than rebuild its military. ...

“With dollar clearing now authorized, expect China to accelerate purchases aggressively,” said Maleki. Chinese buyers, in the past, have settled transactions through opaque channels to avoid secondary U.S. sanctions exposure. ...

He expects a rapid storage “top-off cycle” under which Chinese buyers could rush to replenish stockpiles before the exemption expires in August.

China currently purchases roughly 90% of Iran’s oil exports, with teapots accounting for the bulk of China’s imports. The country’s crude imports shrank by an unprecedented 4.8 million barrels per day (mbd) between February and May — a steeper drop than the 4 mbd decline seen during the depths of the pandemic in the second half of 2020, according to JPMorgan. ...

Iran will likely use this 60-day window to repair war-damaged oil facilities and lock in longer-term contracts with Chinese buyers, said Michael Feller, chief strategist at Geopolitical Strategy. “This will be a huge boost to Iran, both to its economy and its sense of victory.”  

 

Disgusting Trump is so desperate for oil he's now importing oil from the terrorist enemy to the United States, something we haven't done in quantity since the 1979 Iranian Revolution

 The max was 6k bpd in 2021 of petroleum and petroleum liquids, the equivalent of 2.2 million barrels, slightly more than one VLCC can carry.

What's next, imports from Russia?

 

 

 

Treasury Department authorizes Iranian oil sales through August 

 ... The authorization allows the import of Iranian oil and refined products into the U.S.

... The authorization allows the import of Iranian oil and refined products into the U.S. Payment can be made to Tehran in dollars. The license expires Aug. 21, unless it’s renewed. ...

 

Oil prices fall after U.S. authorizes Iranian crude sales

Trump actually started the ball rolling during the pandemic in 2020.

He bought some petroleum products from Iran in October 2020 after the collapse in oil demand crashed prices of WTI to -$37/barrel in April.

Biden made purchases in March 2021, January 2022, and in 2023 from August to October.

 

 

 

Trump's tech-bro tyranny is censoring Trump's critics

Musk Suspends X Accounts Criticizing JD Vance...

I can confirm from personal experience this weekend that this is true after being unaccountably disconnected multiple times just out of the blue and forced to log back in, only to have that process throttled as well. 

AMAZON, GOODREADS restrict reviews of Vance book after savage critiques...

Middle East tanker transits June 14-20, 2026: Strait of Hormuz 5.4/day, Bab-el-Mandeb Strait 16.7/day

Tanker transits through the Strait of Hormuz would be normal if they were more like 70 per day total, in and out. This would be out of ~138 total transits, which is the normal historical average including also cargo/bulk/etc. vessels as stated in the latest JMIC Update 061.

We are nowhere close to that after Trump's so-called peace deal with Iran.

People who think the world isn't still headed to an oil supply crisis don't know what they're talking about. 

SoH E: 2.6/day; 4.3/day June 18-20 (lol get real)

BAM SE: 7.7/day