This conservative outrage machine story yesterday and today about Commerce Secretary Raimondo has got to be the dumbest one I've heard in a long time

 She was asked an ignorant question.

Why would the Commerce Secretary have something timely to say about employment revisions released by the Bureau of Labor Statistics at the Labor Department?

It's not her area. I wouldn't expect her to know anything about it, and if I had a brain I wouldn't bother asking her.

Commerce and Labor are two separate cabinet level departments and have been since 1913.

I don't expect the Commerce Secretary to have the latest labor information anymore than I expect the Labor Secretary to be able to respond to the latest GDP report produced by the BEA at the Commerce Dept.

But all the ignorami on the right, but I repeat myself, are up in arms over this. It's embarrassing.

What's really going on here is outrage over the size of the revision, which is the largest since 2009.

Republicans want to say Biden and Harris have been lying about the jobs numbers for a year to make themselves look better.

That's a crock. The initial benchmark revisions occur every year around this time, and their size should be no surprise since the Employment Situation Summary every month contains revisions upon revisions upon revisions of prior months. This happens all the time, and if you know you know that this year the numbers have been particularly susceptible of large revisions, criticism, and expressed suspicions from the FOMC members on down.

But total nonfarm payrolls have always been this way. They are quick and dirty on any day. I gave up following them in favor of other measures precisely because it involves securing jello on a galley plate in high seas, and I have better things to do.

Full time employment, measured with other data, around 50% of population under Joe Biden hasn't been great, and it hasn't been awful either. In my arrogant opinion, following total nonfarm and its endless stream of revisions is a fool's errand.

Even more foolish to get upset about it when plenty of other indicators show that employment up until this summer has been "secularly tight", as one economist likes to put it. Continued claims for unemployment have been steady as she goes since late 2021.

The slight recent elevation in these claims numbers is consistent with a softening of employment, which I have noted elsewhere in regard to full time jobs.

The bloom is off the rose it seems, but the preliminary total nonfarm benchmark revision down 819,000 is a problem with that model, not a sign of a sudden problem with employment. 

 

Joe Biden feels your pain

 

Biggest Mistake of My Life Was Supporting Dems

Nicole Shanahan, Impact Theory

Harris-Walz campaign has two propaganda czars, one whose job is to say Walz misspoke in the past and one to say Harris dissavows her past beliefs

 

If one border wall doesn't work, add a second one

 

Tim Walz lies about absolutely everything: My wife and I used I.V.F. to start a family

 

A million dollars in cash weighs about 22 pounds, in gold about 27

 10,000 $100 bills vs. one 400 troy ounce gold bar.

 

Phony, baloney, plastic banana, good time rock n' rolla Barack Hussein Obama told Republicans to go sit in the back of the bus in October 2010, just before Republicans ate his lunch and swept the House

 In Woonsocket, Rhode Island, Monday 25 October 2010.

Video.

Stories:

https://www.mediaite.com/tv/obama-to-gop-%E2%80%98they-can-come-for-the-ride-but-they-have-to-sit-in-back/

https://www.foxnews.com/politics/obama-tells-republicans-to-sit-in-back

https://www.today.com/news/rove-reacts-obama-saying-gop-should-be-back-wbna40024583

https://www.eastbaytimes.com/2010/10/25/obama-assails-gop-on-clouded-final-campaign-push/

https://www.theledger.com/story/news/2010/10/26/obama-assails-gop-in-races/26396696007/

 

Joe Biden to Democrats, July 8: We had a Democratic nomination process, the voters have chosen me, do we now just say this process didn't matter, that the voters don't have a say?

 Yes.

 

Kamala Harris, phony baloney plastic banana good time rock 'n rolla, astroturfs event at Pittsburgh restaurant Saturday, kicks out all the patrons at 4pm and brings in her own using over a dozen vans

 

Staff told patrons that they would have to leave due to a ‘private event’ which turned out to be a campaign stop for Kamala Harris. ...

‘They kicked us out of Primanti Brothers,’ one man commented as a person in the crowd filmed a caravan of over a dozen unmarked Ford Transit vans arrived to the location.

More.

I saw this on X and thought it couldn't possibly be true and dismissed it over the weekend.

This story was published yesterday.

You'll be told in media and ads that she has strong support in Pittsburgh. 

POLITICO correspondent surprised DNC convention is just like Pelosi saying you have to pass Obamacare to find out what's in it

 

Pretty amazing that Democrats did this to President Biden, pretty amazing that he just let them

 

Kamala and I are committed to strengthening illegal immigration

 

Just a reminder that a putsch is OK when Democrats do it

 

Maureen Dowd of The New York Times: Joe Biden was pushed out by Obama, Pelosi, Schumer, and Jeffries, and their handprints are on his back, and Trump will still win

It was a jaw-dropping putsch, she says, a coup even.

Pelosi knifed her pal, she says.

Obama has now sidelined Joe Biden twice, she says.

Everyone's mad at one another at the DNC in Chicago, she says.

"Top Democrats are bristling with resentment".

Read it at The Irish Times.

Democrats profiting off the little guy: Corporate profits at 12% under Bidenflation have been much better than under Trump at 4%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The dirty little secret about corporate profits: they've been much better after 13 quarters of Biden than they were after 16 quarters of Trump, averaging 4.14% yoy under Trump and 12.13% under Biden.

 

This is a great little arrangement between Democrats and big business. Democrat-aligned business makes off with your cash while politicians pretend to do something about it in exchange for campaign contributions, with the important benefit that inflation inflates away the cost of their spendthrift deficit spending.

The so-called Inflation Reduction Act, which did no such thing and Democrats said would cost nothing, is estimated to cost the taxpayers nearly $800 billion by 2031 according to the liberal Brookings Institution.

This is your fascist America.

 

Shielding price increases by blaming them on inflation has been the modus operandi of the period. Price gouging is real, but gimmicks which address only symptoms won't solve the problem, which is caused by increasing the money supply and deliberately increasing other costs as a matter of policy, like energy and regulation, which businesses also can plausibly blame.

 

But Harris knows the demagogic value of running against price gouging.

 

Price controls poll particularly well. You can fool most of the people most of the time.

 

 

 

 

 

 

Real Clear Politics' No Toss-Ups Map moves AZ back to Trump, Trump Electoral College lead up: 287-251

Here.

Kamala Harris' crime

 Kamala Harris' crime was failure to inform the American people of Joe Biden's mental incapacity, and to invoke the 25th Amendment with the pledge that she would not run for president.

Once again the Constitution is shown to be a worthless barrier of parchment, whose only power to maintain freedom comes from those who assent to it and enforce it. The former is meaningless without the latter.

Invoked a year ago, her candidacy by approbation today would have legitimacy. As it is, it does not.

Instead she kept silent until just the right moment, in order to grasp the ring presented to her by a political party which cared nothing for the primary votes of millions of Joe Biden's supporters.

Democracy has been murdered in broad daylight by Democrats, and y'all just stand by and film it.

She is a usurper, a power hungry snake, without an ounce of integrity.

You will rue the day you elect her president.

O baseness to support a tyrant throne,

And crush your freeborn brethren of the world!

Nay, to become a part of usurpation,

T' espouse the tyrant's person and her crimes.

-- John Dryden

 

 

 

Inflation is over, gold hits new high lol

 CNN: The war on inflation has been won. It’s OK if you’re still angry

The headline inflation reading falling below 3% for the first time since 2021 is incredible.

 

CNBC: Gold rallies to record high on softer dollar, rate-cut expectations

Spot gold was up 1.5% to $2,493.66 per ounce after hitting a record high of $2,500.99 earlier. U.S. gold futures rose 1.6% to $2,532.10. Bullion has risen 2.6% this week.

 

Real Clear Politics' No Toss-Ups Map moves AZ to Harris, Trump Electoral College lead shrinks again: 276-262

 Virginia, Michigan, Wisconsin, and Arizona have all shifted to DEM in the polling averages since Biden endorsed Harris on July 21st.

Here.

It's pretty wild that Kamala Harris gets all tongue-tied over both price and gouging in price-gouging right out of the box

 It's her debut policy. 

She's as terrible at this as the policy is terrible.

Listen.

 

Apparently The Washington Post is trying to make itself look reasonable with actual journalism because it lost $77 million last year?

 I mean, they predicted a $100 million loss, so it wasn't THAT bad, right?

Jeff Bezos paid $250 million for WaPo in 2013.

But I don't think $77 million really matters to Jeff Bezos.

Sum ting else wong.

 

Just listen to this from Kamala Harris on September 6, 2019, how she relishes the POWer to ruin someone's life with the stroke of a pen, and that Donald Trump doesn't understand what it means to have that power like she does

 

Here.

If that doesn't scare you, I don't know what does. Democrats rejected her candidacy in 2019, maybe because they perceived a General.

The clip doesn't include the comment about Trump.

See C-SPAN here starting at the 18:00 mark or so for the full context.

Why did Democrat elites like Nancy Pelosi select a true, anti-capitalist wannabe dictator against the will of the primary voters?

 

Just listen to Harris' enthusiasm for power on 11/22/2019 in Iowa.

Here.

Another salvo at Kamala Harris: WaPo editorial board calls her anti-big business proposals populist gimmicks, says her first-time home buyer $25,000 down-payment plan will increase housing prices

 

 The whole thing makes sense, which is surprising coming as it does from The Washington Post, which ends this way:

 [Even] her [good] ideas would cost money, yet she insisted in her speech that she would hold to President Joe Biden’s pledge not to raise taxes on any household earning $400,000 or less annually. That excludes 80 percent of taxable income, and does not take into account the recent surge in families earning over $400,000. The Harris campaign says it plans to raise revenue to cover these costs but did not provide specific offsets in its economic plan rollout. Without them, Ms. Harris’s full plan would add $1.7 trillion to federal deficits over a decade, according to the Committee for a Responsible Federal Budget, a nonpartisan budget watchdog.

To be sure, every campaign makes expensive promises that will never come to pass, especially with a divided Congress. Remember Mr. Biden’s pledge to make community college free? Even adjusted for the pandering standards of campaign economics, however, Ms. Harris’s speech Friday ranks as a disappointment.

Wow.

What's that old saying, When you're a liberal and you've lost The Washington Post, you've already lost?

Well ......................................................................................... is the Democrat Party still liberal though?

This is the energy today on the site formerly known as Twitter

 

Catherine Rampell at WaPo, who is no friend of the right: It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is, a bunch of communist, economic gibberish

  

 It’s hard to exaggerate how bad this policy is.

It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food.

Supply and demand would no longer determine prices or profit levels.

Far-off Washington bureaucrats would.

The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.

At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.)

At worst, it might accidentally raise prices. ...

If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls. We already have plenty of economic gibberish . . ..     

-- WaPo 

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/     

 

Harris is 0-2. 

She picked a terrible VP who is as far to the left as she is.

Now her first policy announcement is a throwback to the 5-year plans of the USSR.

Extremely inauspicious.

This is perfect

 

https://obeygiant.com/kamala-harris-forward/

Kamala Harris wants you to know she's worried about price gouging at the grocery store and that she's just the person to do something about it

 

Paragraph 12

 

 The number of protesters chanting and bearing banners and signs drawing attention to Israel’s military offensive on Gaza outnumbered the party loyalists at the Harris-Walz rally.

-- Politico.

Vote for Trump

 

Why Is Your Power Bill So High? And What You Can Do About It

Adam Estes, Vox

CNN says Tim Walz lied about his DUI arrest during his 2006 campaign for a US House seat

First ABC News about his military service, now CNN about this.

 https://www.cnn.com/2024/08/15/politics/tim-walz-2006-campaign-falsely-described-dwi-kfile/index.html

ABC News says Tim Walz didn't deny he served in Afghanistan, appears to have known his unit would be deployed, and repeatedly referred to himself for years with a rank he didn't have

https://abcnews.go.com/US/walz-previously-faced-criticism-characterized-military-service-records/story?id=112833386
 

In early 2016, Tim Walz sat down with CSPAN for a bipartisan discussion about his opposition to President Barack Obama's push to reduce troop levels overseas. To begin the panel, the host introduced Walz -- at the time in his fifth term as a U.S. representative -- in part by incorrectly outlining his military service.

"Enlisted in the Army National Guard at 17 and retired 24 years later as Command Sergeant Major," she said of Walz, "and served with his battalion in Operation Enduring Freedom in Afghanistan."

Walz nodded in agreement at that statement -- despite the fact that, according to military records and his own admission, he had never served in Afghanistan. ...

 

These inaccuracies, which at times went uncorrected, include Walz not denying the statement that he served in Afghanistan, and Walz repeatedly saying that he retired with a rank he achieved but did not retire with, as well as an instance in 2018 of Walz claiming that he carried weapons of war "in war," about which the Harris-Walz campaign said that he misspoke. ...

Walz appears to have been aware prior to his retirement that his unit was under consideration for deployment. ...

 

In the National Guard, Walz began serving as command sergeant major, a leadership position, in 2004, and was officially appointed to the role in April 2005, shortly before he retired from service, according to a statement from Army Col. Ruan Cochran. However Walz did not remain in the role long enough to keep the title in retirement.

Still, Walz repeatedly referred to himself as a "retired command sergeant major" for years.

-- ABC News

Kamala Harris is nothing but an authoritarian, a cop, whose first instinct is to use federal power to ban things she doesn't like, such as grocery prices, guns, and hate speech

David French knew she was an authoritarian already in 2019, but he's voting for her in 2024.

LOL they have fewer than 12 weeks to turn it around

The last word in this story is "groceries".

 

WH Economic Advisor Bernstein To People Feeling "Negative Vibes" About High Prices: "We Hear You, We're Working Hard"