Her PhD dad and PhD mom both had . . . jobs lol.
Link.
Did Kamala forget that she's been touting herself repeatedly as middle class?
The Latino woman says she herself is middle class and struggling, but Kamala in response clearly states she won't forget that she comes from the working class.
Does Kamala think all Latinos are working class?
This guy's just preoccupied with the shiny object Kamala is wearing and misses the Freudian slip:
She sat for the cover as Hurricane Milton was bearing down on Florida, because people who lose everything in a hurricane will need light, attractive reading in the aftermath.
53% working full time today would mean 8 million more people working full time than do.
Full time jobs are the indispensable key to homeownership.
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| 53% worked full time in 2000 |
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| 49% worked full time in 2024 |
This kind of politics is universal.
The lapdogs lick it up here.
Glenn Loury last worked in a factory, when, in 1972? More than 12% of the civilian population had a manufacturing job back then. Today fewer than 5% have one. But in neither case was there anything universal about being working class.
What have miners, sailors, tailors' apprentices, metalworkers, waiters, bank officials, ploughmen, and scavengers in common with one another?
-- Oswald Spengler
This slight-of-hand reasoning is how Trump got co-opted by the GOP in 2017 in the first place, and it's how they're going to co-opt him again should he win. Beltway Republicans love, love, love immigration, so the top issue cannot, must not, be that.
In 2016, the economy was the top issue, just as today . . ..
Here.
Trump's controversial 2015-2016 message was immigration, immigration, immigration for 14 straight months, until Steve Bannon and Kellyanne Conway got a hold of him in August 2016.
Trump barely won.
Trump's unfavorables were indeed high, but not because Hillary drove them there as Winston says. People forget that Trump did that all by himself. He ended up underperforming John McCain 2008 in 12 states and DC.
Trump was an insurgent candidate who exploited division within the GOP to capture the nomination. The 2016 primary popular vote for Cruz, Rubio, and Kasich exceeded Trump's 13.3 million.
That division has subsided, but it has never gone away, and Winston is one of the other side's smooth operators who still want to change the subject to anything else but the issue staring everyone in the face, from working class Americans now competing with 8 million new illegals for wages to upper class suburban denizens of Massachusetts being told to cope with hordes of new students in public schools they never designed to accommodate this flood.
That's the issue confronting voters, not Trump's Kangaroo Kourt Konviction, about which David wrings his hands.
If there's any vengeance in American politics about which we should be upset in 2024, Joe Biden's open southern border is surely it.
Nominal GDP came in at a revised $28.255 trillion.
Sounds like a lot, right?
Here's the big picture.
From 1947 to 2000, nominal GDP grew at a compound annual rate of 7.26%.
From 2000 to 2024, nominal GDP grew at a compound annual rate of 4.42%, 39% lower.
The year 2000 marks the US opening to China, and the great wealth transfer out of the US from the middle class under globalism, creating new middle classes there and elsewhere.
We are poorer for it, but we have lots more billionaires now and you can read all about it on your Apple iPhone made by slave labor while you eat your 40% more expensive hamburger from McDonalds since 2019.
President Biden vowed Friday that former President Donald Trump’s 2017 tax cuts would lapse next year if he’s re-elected and “stay expired” — meaning higher taxes for middle class and low-income Americans — prompting a hasty walk-back by aides.
Biden, 81, lambasted Trump’s Tax Cuts and Jobs Act (TCJA), which permanently lowered corporate taxes from 35% to 21% and temporarily lowered personal income tax rates through 2025, as a giveaway to the rich in a speech to electrical union members in Washington.
More.
Discussed here:
"As of last summer, 63% of new audits targeted taxpayers with income of less than $200,000," reports the Journal. "Only a small overall share reached the very highest earners, while 80% of audits covered filers earning less than $1 million." ...
Treasury Secretary Janet Yellen was a bit sassier. "Contrary to the misinformation from opponents of this legislation, small business or households earning $400,000 per year or less will not see an increase in the chances that they are audited," she wrote in a letter to Rettig. ...
Awkwardly, "revenue agent staffing had actually decreased by 8%, or more than 650 employees, between the end of fiscal 2019 and March 2023," per a previous watchdog report. And it's not just hiring that's in trouble: The agency has completed just 33 percent of its fiscal year 2023 milestones outlined in its strategic operating plan, which is…tough given that the year is over.
It's a doozy, in The New Yorker no less, here, August 15, 2022:
From the story:
Even among millionaires, only 8% would characterize themselves as wealthy these days.
Roughly 60% of investors with $1 million or more of investable assets said they are more likely upper middle class, according to a recent Ameriprise Financial survey of more than 3,000 adults.
To that point, 31% consider themselves decidedly middle class.
First, Chicago.
Chicago is not the "Midwest".
Chicago remains firmly left-wing under new mayor Let's Go, Brandon Johnson.
It didn't just suddenly turn left this week.
The shit-hole will just get shittier under Johnson, instead of get slightly less shitty under Vallas.
As for Wisconsin, OK, the Wisconsin Supreme Court is now in the hands of four lunatic Democrat wymyn vs. three Republicans. Republican Dan Kelly was indeed resoundingly defeated, but by a nakedly partisan Democrat whose campaign may result in successful calls for her to recuse herself in certain future cases.
Abortion was indeed her campaign issue, but her main objective is rolling back former Governor Scott Walker's anti-government-union efforts.
But Kelly's defeat was a mixture of Republican stupidity combining with Democrat knavery.
Kelly was a Walker appointee, not a winner in his own right. He didn't win his seat in the first place, and he lost it in 2020. MAGA Republicans were STUPID to go with him a second time.
National Republicans: Note Well. Don't be STUPID in 2024 and go with an already defeated candidate.
And don't let Democrats select your candidate. Especially by putting him on trial.
The Wall Street Journal KNOWS Democrats spent $1 million to get the once-defeated Kelly nominated again in the primary instead of Jennifer Dorow, whose son became a political liability which unfortunately canceled her strong conservative record in the minds of enough voters.
Dorow, after all, had put away parade killer Darrell Brooks for life without parole. She is also allied with Chief Justice Clarence Thomas in her skepticism over Lawrence v Texas. But she gone.
Republicans in Missouri once let Democrat Senator Claire McCaskill select their candidate to run against her there. Now Republicans in Wisconsin have made the same stupid mistake and paid the same stupid price.
Meanwhile, Republicans more broadly in Wisconsin still firmly dominate its representation, the only state from Trump's 2016 Upper Midwest WI-MI-PA trifecta to do so.
They own the Assembly 64-35, and now the Senate 22-11. The GOP House delegation in Washington from Wisconsin is 6-2 Republican, the Senate 1-1.
Wisconsin's GOP is hardly on the ropes, but the Wall Street Journal seems to think a Wisconsin Senate going Republican 21-12 because Mequon could have just as easily narrowly voted Democrat in a special election would have been a catastrophe.
Yes, Republicans nationally would be wise politically to stand for abortion compromise where abortion absolutism would result in defeat as in Michigan, but note that Michigan's Senate and House are still only narrowly Democrat, 20-18 and 56-54. Politics is the art of the possible, but bad candidates like the Dan Kellys and Donald Trumps of the world are no longer possible.
The Wall Street Journal should just say so.
The Midwest is not going left, just anti-Trump because he did not follow through on his promises to the working class, about which The Wall Street Journal cares nothing.
And by the way, Democrats don't care either.
I hope Ohio's J. D. Vance is paying attention.
Well yeah, they slowed from 315k, but that was EXPECTED.
The parasites who derive their main livelihood from the returns on financials are in a panic over Fed rate hikes designed to reduce inflation. Whether those will do that or not is beside the point.
This is all about their carry trade.
The Fed has been making cheap money available since December 2002 to restart the stock market and it has hardly stopped . . . until lately. The politics of inflation have finally caused the Fed to pivot on this long-standing policy, and they couldn't be more angry.
The top 10% borrow at cheap government rates and plow the money into private financial products which pay higher rates which the 90% have to pay. They prosper, gloriously, off the difference. But increase their cost of borrowing and you are diluting the gravy train.
Ever since the Fed started raising rates in earnest earlier this year, the rentiers have been trying everything they can to get them to pivot, without success.
This morning the hope was that a really poor employment report would get the Fed to back off, except the 263k figure beat expectations of 250k.
The Fed is likely to stay the course and keep raising rates.
CNBC paints this as slowing in keeping with the rentiers' rhetorical narrative aimed at the Fed, which has a dual mandate to maximize employment and maintain stable prices.
Never mind that the dual mandate is nuts since unstable prices exact a far greater cost on the people than unemployment ever does. Inflation doubling makes everyone pay 100% more for everything indefinitely, whereas unemployment affects fewer and is definitely cyclical.
And never mind the Fed has NO mandate to suppress interest rates, buy securities, and bail out the world.
But I digress.
You are being lied to and manipulated . . . constantly.
Because they can, and it works.
From their website:
Today, April 15, 2021, Tom Suozzi (NY-3), U.S. Representatives Josh Gottheimer (NJ-5), Young Kim (CA-39), and Andrew Garbarino (NY-2) announced the formation of the new bipartisan SALT Caucus to advocate for new tax relief from Congress.
“Our effort to restore the SALT deduction is gaining momentum. Together, Democrats and Republicans alike, we will advocate for the restoration of the SALT deduction and highlight the middle class families who have been unfairly hurt by the cap,” said Rep. Tom Suozzi, SALT Caucus Co-Chair. “The cap on the SALT deduction has been a body blow to New York and middle-class families throughout the country. At the end of the day, we must fix this injustice.”
“We’re formally launching a new bipartisan group — the SALT Caucus — because, for all our Members, and for the tens of thousands of middle class families we represent, it is high time that Congress reinstates the State and Local Tax deduction, so we can get more dollars back in to the pockets of so many struggling families — especially as we recover from this pandemic,” said Rep. Josh Gottheimer, SALT Caucus Co-Chair. “This bipartisan group we’re founding today, with members from coast to coast and across the political spectrum, are all banding together to reinstate the State and Local Tax deduction, to find a way to get this done in Congress, and to actually get tax relief for the hard working middle class families we represent.”
“Hardworking Californians in the 39th District and across my home state have been burdened enough by high state and local taxes. It is estimated that in the 2022 tax year, California’s 39th District will pay on average more than $640 million due to the SALT cap,” said Rep. Young Kim, SALT Caucus Co-Chair. “I am proud to fight for lower taxes for my constituents as Co-Chair of the SALT Caucus and am looking forward to working together to ensure California workers and families can keep more of their hard-earned money.”
“The SALT cap penalizes working class Long Islanders. From firefighters to police officers, to teachers, to nurses, and small business owners, I hear from people every day about what a crushing blow the SALT cap has delivered them. I’m proud to be a Co-Chair of the bipartisan SALT Caucus to fully restore the deduction once and for all,” said Rep. Andrew Garbarino, SALT Caucus Co-Chair.
“A critical component of our overall economic recovery must be the repeal of the state and local tax deduction cap that was imposed by the 2017 tax law,” said Rep. Mikie Sherrill, SALT Caucus Vice Chair. “There is a misconception that the SALT deduction doesn’t help middle class families. But in high cost of living areas like my district, SALT does in fact make a critical difference in helping make ends meet for our middle class residents like teachers and law enforcement officers, who depend on this deduction to afford the high cost of living in our area. To be clear, the 2017 tax bill specifically targeted states and communities like mine that have prioritized key investments in our public schools, living wages for workers, environmental protections, the list goes on. I’m proud to be launching this bipartisan caucus to ensure we deliver a win on this issue for families in New Jersey and across the country.”
“The cap on the state and local tax deduction hurts middle class California families,” said Rep. Katie Porter, SALT Caucus Vice Chair. “During the coronavirus pandemic, our state and local governments have led public health efforts on testing and vaccines—a potent reminder of the important work they do. Restoring the state and local tax deduction, which has been in our tax code since its inception, gives taxpayers and communities the ability to invest in their priorities and levels the playing field across states for federal taxation.”
“Counties are on the front lines of the COVID-19 pandemic, supporting nearly 1,000 hospitals, more than 1,900 public health authorities and other services essential to residents’ safety and well-being. The human and financial impacts of addressing this health and economic emergency are staggering,” said National Association of Counties Executive Director Matthew Chase. “We applaud the formation of this bipartisan caucus committed to repealing the state and local tax deduction cap, which would reinstate our local control of our tax systems and strengthen the ability of our counties and local communities to deliver essential public services, such as emergency response, public health and infrastructure.”
The SALT Caucus leadership consists of:
Co-Chair Tom Suozzi (NY-3)
Co-Chair Josh Gottheimer (NJ-5)
Co-Chair Andrew Garbarino (NY-2)
Co-Chair Young Kim (CA-39)
Bill Pascrell, Jr. (NJ-9), SALT Caucus Vice Chair
Katie Porter (CA-45), SALT Caucus Vice Chair
Mikie Sherrill (NJ-11), SALT Caucus Vice Chair
Jamie Raskin (MD-08), SALT Caucus Vice Chair
Chris Smith (NJ-04), SALT Caucus Vice Chair
Lauren Underwood (IL-14), SALT Caucus Vice Chair
The other founding members of the SALT Caucus include: Reps. Danny Davis, Nicole Malliotakis, Julia Brownley, Judy Chu, Lee Zeldin, Michelle Steel, Mike Levin, Jimmy Panetta, Jimmy Gomez, Brian Higgins, Jerry Nadler, Tom Malinowski, Jeff Van Drew, Alan Lowenthal, Anna Eshoo, Andy Kim, Ted Lieu, Brad Schneider, John Larson, Eleanor Holmes Norton, Mike Garcia, and Gregory Meeks.
More.
The story never mentions how those newly introduced extra billion plus workers reduced economic outcomes for the already established middle classes around the world, especially in America where the full time job of the 1990s became a thing of the past.
If I'm repeating myself, I don't care.
