Showing posts with label J. D. Vance. Show all posts
Showing posts with label J. D. Vance. Show all posts

Wednesday, June 25, 2025

Methinks J. D. Vance doth protest too much about Jerome Powell

 







It backfired on Powell, though.
 
Yields climbed in response. 10Y went from 3.63 on Sep 16 to 4.37 by Nov 1. And core PCE inflation shot back up.
 
It's proof yet again that the Fed has next to no control over interest rates. It's one of the great myths of our time that it does, a myth Vance believes.
 
If Powell had cut and Kamala won, irrespective of what rates or inflation did, Vance might have an argument. He should quit complaining and take the win.
 
Meanwhile core PCE inflation was 2.66 in Sep 2024, same as it was in Mar 2025.
 
You'd think twice about trying that again, too, if you got burned like that, especially if you're being hectored by the tag-team wrestlers of the Oval Orifice.
 
 

 


Tuesday, June 10, 2025

Mark Levin is urging Donald Trump to join Israel in a pre-emptive strike against Iran's nuclear enrichment facilities

 Mark Levin is up against many individuals in the Trump administration who are anti-war, including J. D. Vance in particular, and Tulsi Gabbard.

Former national security adviser Mike Waltz was of the same mind as Mark Levin.

Inside the MAGA vs. hawk battle to sway Trump on bombing Iran

Gabbard warns of ‘nuclear holocaust’ in ominous social media video

 


Thursday, April 17, 2025

Wanting to capture power is about the least conservative thing about today's right wing

 More recently, far-right writers like Curtis Yarvin, who’s influenced Vice President JD Vance, have talked about how to capture power through a culture war. “This war is not fought with bombs and bullets, or even laws and judges,” Yarvin wrote in 2022. “This war is fought with books and films and plays and poems. It is still a savage war!”

Here.

As if power were an object outside oneself, a thing to be grasped, as opposed to something one already possessed in one's very self.

This objectification of power as outside oneself is a confession of weakness, a sign of spiritual decadence. 

Power in one's self is expressed as self-mastery and contentment. That kind of power, subjective power, radiates outward and masters its environment naturally. It doesn't need to run for office, or want to.

There is a dearth of such individuals in the country now, which is the actual problem, not that the minority which still exists doesn't rule.

Generally speaking you cannot impose virtue from the outside and make it stick. You have to change yourself.

Conservatives are stuck on a derivative. Culture is downstream from the cult. They need to swim upstream and find it.

Vice President Vance misleads people when he says immigration courts conduct jury trials, even worse he's defending deporting someone to foreign incarceration without any hearing whatsoever

This guy is shaping up to be much worse than Donald Trump.

Vance must never become president.

 



Thursday, March 27, 2025

It's important to remember that screw-up Pete Hegseth is SECDEF because of J. D. Vance


 

... Vice President Vance had to break a tie vote to get Hegseth confirmed after three Republicans — Sens. Susan Collins (Maine), Lisa Murkowski (Alaska) and Mitch McConnell (Ky.) — voted no. ...

More.

Tuesday, March 25, 2025

I guess we'll just have to have a Fourth Reich, then, armed to the teeth with nukes: Millennials Pete Hegseth and J. D. Vance think the Europeans are freeloaders


 

In the chats, the user identified as Vice President JD Vance expresses concerns about the strikes but ultimately agrees to go along with US Secretary of Defence Pete Hegseth's plan - before adding 'I just hate bailing Europe out again.'

Hegseth responds: 'I fully share your loathing of European free-loading. It's PATHETIC.' 

And of course they want to throw Mike Waltz under the bus:

There are claims that Mr Waltz is facing the sack over the saga - as he's believed to have been the official who 'added the editor-in-chief [of The Atlantic] to the group'.

One source told Politico: 'Everyone in the White House can agree on one thing: Mike Waltz is a f***ing idiot.'

The Financial Times reports that privately some German officials are starting to wonder out loud whether the time has come to acquire their own nuclear arsenal.

Wednesday, March 19, 2025

J. D. Vance is fixated on cheaper foreign labor as the cause of American industrial decline when it was the tax preference given to ordinary income over long term capital investment which made it attractive

 
". . . cheap labor is fundamentally a crutch, and it’s a crutch that inhibits innovation. I might even say that it’s a drug that too many American firms got addicted to . . ."

The indispensable contribution driving investment back home to the United States will have to be penalizing foreign investment's income and rewarding long term domestic investment's income through the tax code, which also means dramatically raising ordinary income tax rates. In other words, returning to the status quo ante-Reagan.

The reason is we have learned that rich people don't know what's best to do with their own money any more than the rest of us do. The rich have not done what's best for the country. Ronald Reagan was completely wrong about that. They took one look at the quick and easy money and immediately started looking to maximize it elsewhere. The tax code used to force them to do the right thing, which was keep it here and invest at home if they wanted to get richer. And that is what made all of us richer, with jobs with which we could afford to marry, buy houses and cars, raise children and send them to college.

People who got rich through Reagan's low ordinary income tax rates fell for the cheap labor abroad to get even richer, but now here they and we sit together beholden to countries abroad who are hostile toward us.

The chart below shows how domestic investment dominated foreign throughout the post-war until the Reagan tax reform of 1986. Investment abroad did not overtake domestic until 1993, at 105% of private fixed investment, after the Reagan tax cuts had taken full effect. Foreign as a percentage of domestic investment is double that and more today. For every four dollars invested at home in 2024, eight were invested abroad.

It took decades to screw this up, and it will take decades to fix it. But as sure as I'm sitting here neither J. D. Vance nor Donald Trump nor any other politician out there has any clue about this. 



 


 

Wednesday, March 12, 2025

Ohio shoulda said pwease


 

Local projects like Milliken Road, Wright-Patt sidelined as U.S. House votes to avoid shutdown

Even as Ohio Republicans stuck with President Donald Trump and voted on Tuesday to approve a six-month government funding bill in the U.S. House, that decision came with a price — as the GOP plan denied federal funding for a variety of local projects across the state. ...

 

Tuesday, March 4, 2025