You can always tell a millennial, because they can't spell it

 

82% of parents of millennials have regrets

 

82% of millennial first-time homeowners have regrets — here’s how to avoid the most common one

 

Sorry, couldn't resist.

CNBC story blames capitalism's law of supply and demand for inflation: 92 million millennials caused it, not Federal Reserve interference with interest rates and mortgages

... too many people with too much money chasing too few goods ... millennials are still making up the largest chunk of the homebuyer market by generation ... 

More.

Meanwhile, this housing bubble dwarfs the last one, and we're supposed to blame millennials for it.

Sounds like a repeat of the excuse for the last one: greedy Baby Boomers.

Just forget about Zero Interest Rate Policy artificially driving down borrowing costs for over a decade, and forget about the crappy low-yielding $2.7 trillion in MBS still on the Fed Balance Sheet nobody wants, because millennials are to blame!

The chutzpah.

Gallup: 7.1% now say they are LGBT, on the growth of bisexuality among younger women

The story did not discuss the high popularity with men of two girls in bed.

WASHINGTON, D.C. -- The percentage of U.S. adults who self-identify as lesbian, gay, bisexual, transgender or something other than heterosexual has increased to a new high of 7.1%, which is double the percentage from 2012, when Gallup first measured it. ...

More than half of LGBT Americans, 57%, indicate they are bisexual. That percentage translates to 4.0% of all U.S. adults. ...

Bisexual is the most common LGBT status among Gen Z, millennials, and Gen X ...

Women are much more likely than men to say they are bisexual.

More.

Justin Trudeau isn't just the face of liberal hypocrisy, he's the whole body

Link.

This has to be Bernie bots trolling What's The Matter With Kansas? as silly season ramps up

Millennial couple in Kansas needs help making ends meet on $500,000 a year:

 

Joe Biden Jan 2018: Give me a break, millennials don't have it tough

Biden on young people complaining they have it tough: 'Give me a break':

"The younger generation now tells me how tough things are. Give me a break. No, no, I have no empathy for it. Give me a break," Biden, 75, told The Los Angeles Times earlier this week.

Like just about everyone else on the left, Joel Kotkin continues to twist himself in pretzels to avoid calling our system what it already is

State capitalism.

It is the socialism of the right, despite what names people may give it. The fascist model in which business and government cooperate now more, now less was not defeated in World War II. The superior American version simply defeated the German one, and eventually also the left's inherently weaker version in Russia.

It has triumphed globally, brought to the fore in America by the libertarian resurgence under Ronald Reagan, imitated by the jealous Euro project, and notably exported to China, where it was eagerly embraced as no threat to Marxism. To the genuine Marxist, remember, free-trade is welcome because it hastens the global revolution. Belt and Road participants, take note.

The experiential groundwork for global state capitalism was laid long ago by the King and Bank of England in their joint enterprise known as the Thirteen Colonies. Everyone imitates this now in principle if not always in particulars. But everywhere it flourishes it is facilitated by the same thing, the central banking systems which coordinate their activities through rules administered under Basel III. The contemporary exemplars of state capitalism fancy that they are substantively a world away from Hitler's Germany, because, well, the Jews. We don't kill Jews, insist these experts at mass abortion and Uyghur mass re-education. 

It's the historical resonances which bother the left in using the phrase, but the underlying facts aren't different in substance. Materialism today means not having to say you're sorry for treating people like depreciated or unappreciated assets. Older workers in the West are routinely tossed aside for being too costly. Potential younger competitors are hamstrung by a culture of costly credentialing prerequisites. When such people become worthless enough, it isn't unlikely that in some places they could stop being considered people altogether (typically where atheism reigns) so that they could be slaughtered wholesale with the same relative efficiency already applied to the unborn. The tech already exists to do this. The only question is when will the people exist who are possessed of enough nerve.   

Here's Kotkin on this so-called "new, innovative approach" which looks like nothing so much as the old Soviet Union, with its hostility centered on the middle class, its dreary blocks of drab apartment buildings, the dim pall of surveillance and conformity lurking everywhere, complete with its own privileged new class in service to the party .01 percent:

Oligarchal socialism allows for the current, ever-growing concentration of wealth and power in a few hands — notably tech and financial moguls — while seeking ways to ameliorate the reality of growing poverty, slowing social mobility and indebtedness. This will be achieved not by breaking up or targeting the oligarchs, which they would fight to the bitter end, but through the massive increase in state taxpayer support. ... [T]he tech oligarchy — the people who run the five most capitalized firms on Wall Street — have [sic] a far less egalitarian vision. ... [T]hey see government spending as a means of keeping the populist pitchforks away. ... Handouts, including housing subsidies, could guarantee for the next generation a future not of owned houses, but rented small, modest apartments. ...  They appeal to progressives by advocating politically correct views . . .. Faced with limited future prospects, more millennials already prefer socialism to capitalism and generally renounce constitutionally sanctioned free speech . . .. [I]ncreased income guarantees, nationalized health care, housing subsidies, rent control and free education could also help firms maintain a gig-oriented [slave] economy since these employers do not provide the basic benefits often offered by more traditional “evil” corporations . . ..  [T]he oligarchy, representing basically the top .01 percent of the population, are primarily interested not in lower taxes but in protecting their market shares and capital. ... The losers here will be our once-protean middle class. Unlike the owners of corporations in the past, oligarchs have no interest in their workers become homeowners or moving up the class ladder. Their agenda instead is forever-denser, super-expensive rental housing for their primarily young, and often short-term, employees. ... The tech moguls get to remain wealthy beyond the most extreme dreams of avarice, while their allies in progressive circles and the media, which they increasingly own, continue to hector everyone else about giving up their own aspirations. All the middle and upwardly mobile working class gets is the right to pay ever more taxes, while they watch many of their children devolve into serfs, dependent on alms and subsidies for their survival.

An alt-right taxonomy one year after Charlottesville, and its prospects for survival

Provided by Paul Gottfried, with useful links, in Paul Gottfried: Charlottesville After A Year—As An Outsider, I Think The Alt-Right Far From Finished, from which this excerpt:

Growing racial tensions, reckless immigration and a further weakening of already-weakened social bonds could all help the Alt-Right expand its following.

Part of the Alt Right’s eventual success may come from its anti-traditionalism. The Alt-Right is mostly (but not entirely) anti-Christian and advances a Nietzschean or neo-pagan perspective. It is thereby in sync with the growing secularism of millennials.  

And the Alt-Right doesn’t wear itself out trying to defend the traditional bourgeois family. It appears to be made up largely of young, unattached bloggers. Most of those Alt-Right publicists I read focus on racial conflict or the struggle between civilizations; and they push these themes far more frankly and with less careerist backtracking than the well-paid propagandists of Conservatism, Inc. They also cite telling statistics about racial and gender differences; and they pride themselves on their openness to science as well as on their sometimes vaguely defined “radical traditionalism.”

The Alt-Right belongs to a post-conservative Right. 

This is another way of saying the future success of the alt-right depends on the continued splintering of the American experience occasioned by its enthusiasm for secular ideologies.

Hence the way to defeat the alt-right, if that is what the left really wants, is to reject multiculturalism and participate in unifying the country instead of working toward its demise. And that implies supporting the radical correction of America's immigration laws symbolized and actualized by Donald Trump's wall.

But, of course, that would make too much sense, as little sense as reproducing oneself the old-fashioned way, by marrying and having children.

Idealism, of whatever stripe, is poison, but our thirst for it, unfortunately, is the well nigh inescapable bastard patrimony of our Christian past. 

Or that the charm and venom, which they drunk,

Their blood with secret filth infected hath,

Being diffused through the senseless trunk

That, through the great contagion, direful deadly stunk.

-- Edmund Spenser, The Faerie Queene, Canto II, iv.

Sometimes it takes Drudge a few hours for the significance to sink in

8:00 AM

Noon

Let this be a sign unto you: The era of libertarian looting ushered in by Reagan now reaching apogee will be followed by another FDR-like "progressive" era of welfare statism

Bernie tapped into the amorphous socialism clamored for by today's young people who face dim job prospects while saddled by large college debts for degrees incommensurate with what's available in the job marketplace. This is the direct result of the takeover of public education from bottom to top by the left. It never delivers what it promises, except for hope.

As "millennials" replace the Baby Boom at the polls, their vote will transform America, and already has. Obama and Bernie were signs of this. Expect a return to high taxation of the rich, even larger federal government, and the transformation of existing welfare state programs into universal systems.

Like it or not, that's the future. Patriotism will take the form of socialism for Americans instead of for the world.

Now that Republicanism has thoroughly committed itself to globalism, libertarians are advised to take the money and run. 

Like most libertarians, Ben Domenech is a progressive who imagines America began as a tabula rasa on which we wrote "manifest destiny"

I'll bet he's memorized Emma Lazarus' poem, too. Ben is deeply confused about the American founding.

Here, where you might be forgiven for thinking he's talking about Australia:

Once there was a country born without an inheritance. It was a civilization carved by the rejected refuse of the old world, by the religious freaks, criminals, bastards, and orphans. They were the type of men and women willing to risk all to cross the wine-dark sea in search of their fortune. They came from all the corners of the world, and in this land they worked the good earth and made their way. In time they built marketplaces and cities and governments, and threw off the shackles of their far-off, old-world rulers to make their own law. Where other revolutions had been crushed, they prevailed. They risked it all, and won.

Obama pollster Cornell Belcher gets one thing right: Hillary failed to hold the Obama coalition

Or as we say, 5.1 million former Obama voters in 39 states from 2008 didn't vote for Hillary in 2016.

Do Belcher's math. He estimates from exit polling data that about 7% of the non-white millennial electorate voted third party, allowing Trump to squeeze in. Hillary's total of 65.85 million popular votes supplemented by the 5.1 million in 39 states who didn't vote for her is 70.95 million, 7% of which is 5 million.

Belcher, who is black, racializes the whole thing from there, complaining that Democrats failed to make the race about race. But obviously these non-white millennials still voted for whites, so it wasn't about race for them either. It was about young progressives being unable to bring themselves to vote for two loathsome candidates, one of whom turned out to be more loathsome to more people than the other.

As they say in the legal profession, hard cases make bad law. Election 2016 was a hard case, and we shouldn't draw the wrong conclusions from it as both Democrats and Republicans still seem to be doing.

Belcher, here in Salon:

Demographics are destiny. What happens to a centrist Democrat quite frankly who can’t hold that Obama coalition? Donald Trump is a president who did not win a plurality of the public. In fact, one of my reports was leaked to the New York Times, saying that millennials were rejecting the binary choice of the lesser of two evils.

When you look at the exit data, you have 8 or 9 percent of younger African-Americans voting third-party. You have 6 or 7 percent of younger Latinos voting third-party. Hillary is almost off Barack Obama’s winning margins by the same percentage of our young people voting third party. So that’s how [Trump] squeaked in.

Again, Trump didn’t expand the Republican tent. He didn’t bring in all these millions upon millions of new Republican voters. This was about Democrats losing, more so than Trump remaking the electorate and winning in some sort of profound and new way. It should not have been a winning percentage, right? ...

When you look at battleground state after battleground state, Hillary was off Obama’s margins by five or six points and Trump was, at best, one or two points up in Michigan or Wisconsin or Florida. Again, it wasn’t like he was four, five points better than Mitt Romney. It was that she was five or six points below what Barack Obama did.

Hillary's version of Obama's "clinging to their guns and religion": Sanders' supporters are the "children of the Great Recession, living in their parents' basement"

The Intercept has a transcript of a portion of the leaked Hillary audio here:

CLINTON: Some are new to politics completely. They’re children of the Great Recession. And they are living in their parents’ basement. They feel they got their education and the jobs that are available to them are not at all what they envisioned for themselves. And they don’t see much of a future. I met with a group of young black millennials today and you know one of the young women said, “You know, none of us feel that we have the job that we should have gotten out of college. And we don’t believe the job market is going to give us much of a chance.” So that is a mindset that is really affecting their politics. And so if you’re feeling like you’re consigned to, you know, being a barista, or you know, some other job that doesn’t pay a lot, and doesn’t have some other ladder of opportunity attached to it, then the idea that maybe, just maybe, you could be part of a political revolution is pretty appealing. So I think we should all be really understanding of that and should try to do the best we can not to be, you know, a wet blanket on idealism. We want people to be idealistic. We want them to set big goals. But to take what we can achieve now and try to present them as bigger goals.

Chicom People's Liberation Army: Just waitin' for the order to Kill, Kill, Kill

Seen here:

China in recent years has turned to animated short films, rock bands and rap music to promote the Communist Party, government policies and the military. An armed forces recruiting video released earlier this month features a rap-rock soundtrack with lyrics such as "just waiting for the order to kill, kill, kill" over a frantic music-video style montage of aircraft, tanks and guns.

The video is here, at the end of which the message couldn't be clearer. An effort is also underway to make Karl Marx cool to the millennial generation of China, which has lost interest (story here).

Rush Limbaugh thinks the 46 million on food stamps are the U-3 "counted" unemployed, many of whom actually can and do work

Yesterday, here:

"Today, there are 46 million Americans unemployed, and 94 million not working. Now, these 46 million people, these are the counted unemployed. This is the U-3 number. The counted unemployed represent 14% of the population."

Limbaugh somehow gets this convoluted mess from here, which he cites but which clearly states the 46 million are those on food stamps, not the U-3 "counted" unemployed:

"The reason you don’t see huge lines of people waiting in soup lines during this Greater Depression is because the government has figured out how to disguise suffering through modern technology. During the height of the Great Depression in 1933, there were 12.8 million Americans unemployed. These were the men pictured in the soup lines. Today, there are 46 million Americans in an electronic soup kitchen line, as their food is distributed through EBT cards (with that angel of mercy JP Morgan reaping billions in profits by processing the transactions). These 46 million people represent 14% of the U.S. population." 

In the latest Employment Situation Summary from the Bureau of Labor Statistics for September, those actually counted as unemployed are listed at 7.915 million (2.5% of the population) and the not counted as unemployed at 1.9 million:

"In September, the unemployment rate held at 5.1 percent, and the number of unemployed persons (7.9 million) changed little. Over the year, the unemployment rate and the number of unemployed persons were down by 0.8 percentage point and 1.3 million, respectively. (See table A-1.) . . . In September, 1.9 million persons were marginally attached to the labor force, down by 305,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)"

U-3 is not a number in millions as Limbaugh says but a rate, the percentage of the labor force which is unemployed (7.915 million / 156.715 million), namely 5.1%.

Limbaugh doesn't understand that lots of employed people get food stamps. Individuals grossing up to $15,312 annually can still qualify for assistance.

Almost 49 million individuals made up to but not more than $15,000 annually in 2014.

The unemployed in Sept. 2015 numbered 7.9 million

U-3 is a percentage

Rush Limbaugh, Confused About Conservatism, Talked Up Ayn Rand's ATLAS SHRUGGED Just Last September

Here.

And also in May 2012 in "Atlas is Starting to Shrug" here, steering another caller to the book and drawing parallels to current members of the 1% abandoning the rest of us.

Committed conservatives understand the difference between conservatism and libertarianism and choose the former. Rush still thinks there's room for both under a big tent, which just shows he does not fully understand how libertarianism is inimical to conservatism.

The Atlantic Doesn't Really Care What Kind of Nut Michele Bachmann Is

Just that you know she's a nut.

Joshua Green here thinks she's a Wisconsin Evangelical Lutheran anti-Catholic nut, even though she's formally separated herself from the group after many years.

The reason surely has to do with theological views she has which are errors according to these Lutherans. Green would like Bachmann to be all about the Lutheran position that the pope is the Antichrist, a position Bachmann has gone on record disavowing.

You'd think Green would dig a little deeper because of that, say at Salon here or especially Mother Jones here, to gain a little wider appreciation for Bachmann's interest in an apocalyptic timetable at the center of which is the state of Israel, and the dispensationalism and millennialism which goes with it, all of which are eschewed by Lutheran interpretation.

Lutheranism is amillennial, and Pauline in its insistence that the Church is the Israel of God, and has replaced it in the world. For Lutherans, the state of Israel is theologically irrelevant. And therefore it is impossible for them that one's relationship to the state of Israel could be talismanic in any way, as Bachmann appears to believe.

For end times enthusiasts like the Congresswoman, the Antichrist is an historical personage who is revealed before the end of the world, not a spirit of error who perennially inhabits the seat of Roman Catholic false doctrine, as the Lutherans believe.

I don't find it surprising at all that Bachmann has parted ways with Lutheranism in the light of these facts. What is surprising is that it took her so long.

She may herself be still quite confused about much of this. Lots of Christians are, and spend inordinate amounts of time trying to figure it all out. But who can really say, except Bachmann herself? About that Green is correct.

The political ramifications for Bachmann's presidential run are not inconsiderable, since many of the people on all sides of these issues in the churches are her potential base of support. For fervent believers as many of them are, positions taken on these issues can be fundamentally alienating.

It's fascinating in a way . . . kind of like a train wreck.