Tuesday, October 22, 2024
GM outperforms in 3Q assisted by pulling ahead truck production from 4Q lol, warns that and electric vehicles will be a drag man
GM raises 2024 earnings guidance after easily topping Wall Street’s third-quarter expectations
GM CFO Paul Jacobson warned earnings will be lower during the fourth quarter, citing timing of truck production, seasonality, lower wholesale volumes and vehicle mix, including selling more electric vehicles. ... some of the company’s third-quarter outperformance was assisted by the automaker pulling ahead some truck production from the fourth quarter ...
It's not just the government which borrows from the future.
Monday, October 21, 2024
Gold briefly surged to new high $2,740.37 today
Spot gold was little changed at $2,723.25 per ounce, as of 1:35 p.m. ET (1735 GMT), after hitting a record $2,740.37 earlier in the session. U.S. gold futures settled 0.3% higher at $2,738.9. ... Spot silver was steady at $33.66 per ounce, after hitting its highest since late-2012 earlier in the session.
More.
The greatest troll in U.S. presidential politics
In what will go down as the greatest troll in U.S. presidential
politics, Donald Trump put on an apron, scooped up some fries and blew a
hole in the HMS Harris-Walz. ...
And if you don’t understand what Trump did at McDonald’s and that it was a breakthrough in this campaign, then you don’t understand Trump or the country. ...
The cook who was too old, too tired and too senile to be president took the entire contents of the freezer bag labeled “Democratic Party” and emptied it into his metal basket.
Then he deep fried it in hydrogenated vegetable fat.
-- Phil Boas, "Trump went to McDonald's and fried Kamala Harris' campaign to a crisp" for The Arizona Republic
Feelings decide presidential elections, and Trump just made people who eat at McDonalds feel good
. . . feelings decide presidential elections, and the almost gleeful anti-American thrust of Biden’s presidency has given more than 60% of potential voters a feeling that we are on the wrong track as a nation.
More.
CNN's KFILE: Kamala Harris' campaign can't decide whether she's for expanded fracking leases or against
The campaign sprint isn't the only thing that's wild.
Barack Obama is a lyin' pos who could have made any such life-saving measures public long before now, but everyone knows they never existed
If they did exist, the lost lives are on him and no one else because he kept his mouth shut, which is what he should be doing right now instead of spewing lies to get Kamala Harris elected.
Talk about joy!
He's doing the fries
He's manning the booth
He's serving the food
to the people that live there.
Woe Woe Woe Woe
Meow Meow Meow Meow
Sunday, October 20, 2024
Democracy is an everlasting reproach to politicks
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It would be an everlasting reproach to politicks, should such men overturn an establishment formed by the wisest laws, and supported by the ablest heads.
-- Joseph Addison
Saturday, October 19, 2024
Sometimes it's not the economy stupid: Headline employment under Obama didn't recover until May 2014, but he got re-elected in 2012 anyway
Six years and four months went by: Jan 2008-May 2014.
And economic confidence actually declined from -11 in 2012 to -10 in 2014 when it did!
It's one of the craziest things in US political history, comparable to FDR getting re-elected throughout the Great Depression, which his economic experimentation only made worse.
By October 2012, 72% said the effects of the Great Recession were still the most important problem, compared to 43% today in October 2024, but it didn't matter that Obama wasn't solving it. He beat Romney anyway.
Is this one of those sometimes?
The same phenomenon may be happening today, but in reverse.
Harris stands to lose despite economic indicators which are chugging along in her favor, or at least not falling apart, to which those 43% seem oblivious.
Civilian employment in July and September 2024 remains near the November 2023 peak. Core inflation is still too high at 2.7%, but it isn't in the 5s anymore like it was for four straight quarters. Congress has thrown the book at the economy since 2Q2020, with nominal GDP growing at an astounding 9.84% compound annual rate because of pandemic spending. That's been a double-edged sword, however, exploding the national debt, inflation, and interest rates.
But economic confidence is Obama-like negative, and has been since it crashed during the pandemic in April 2020 to -32 from its highest level in 20 years under Trump just two months before, in February 2020 at +41.
Trump didn't shut down the economy in 2020, but governors sure did. It was a stark demonstration of just how quickly the wrong leadership can make everything go to hell in a hand basket overnight. The people today aren't wrong to lack confidence.
Ominously for incumbent VP Harris, Gallup thinks 2024 is most analogous to 1992, when Americans booted the incumbent Bush 41 even though the recession had ended more than a year before in 1991.
Majority of Americans Feel Worse Off Than Four Years Ago
WASHINGTON, D.C. -- More than half of Americans (52%) say they and
their family are worse off today than they were four years ago, while
39% say they are better off and 8% volunteer that they are about the
same. The 2024 response is most similar to 1992 among presidential
election years in which Gallup has asked the question. ...
With a majority of Americans feeling they are not better off than four years ago, economic confidence remaining low, and less than half of Americans saying now is a good time to find a quality job, the economy will be an important consideration at the ballot box this year. As inflation persists and economic concerns dominate voters' minds, the upcoming election may hinge on which candidate can best address these pressing issues.
Democrat Senators (candidate) Baldwin, Casey, (Slotkin), Tester and Brown, who all voted to impeach Trump twice, now suck up to him in ads before election
Some of the most vulnerable Democratic senators in this election are using the closing stretch to boast about their ties to former President Trump.
Why it matters: Even candidates in presidential battlegrounds are now featuring Trump cameos in campaign ads — as Democrats up and down the ballot run to the middle.
- The trend comes as split-ticket voting declines, making it more likely that a Senate candidate's fate will be tied to their state's presidential results. ...
What they're saying: "These Senate Democrats all voted to impeach President Trump twice, so it is surprising that they are now running ads praising his work as President," NRSC communications director Mike Berg told Axios in a statement.
More.
Democrats brought their Blue Wall of Conformity Tour to Michigan this week, populated by the nation's most liberal governors all wearing the same cute little uniform
Democrat governors Evers [WI], Whitmer [MI], and Shapiro [PA] stumped for Harris here in Grand Rapids, Michigan, on Friday, wearing cute little jackets of conformity emblazoned Harris-Walz Blue Wall Bus Tour.
"A swiftly organized bus tour", says AP, organized long enough ago to get their uniforms in order but apparently not the sound system.
"At an indoor farmer’s market in Flint, signs of an event that came together quickly were hard to miss. Music blared from an iPhone after the venue’s sound system failed. One attendee, Debbie McIntosh, said she received a 'last-minute invitation yesterday.' ... [Harris] faces challenges in each [state], including concerns about Black voter turnout in the largest cities — Detroit, Milwaukee and Philadelphia — and growing frustration over the Israel-Hamas war, which has angered both Arab American and Jewish voters."
The Democrat governors of Maryland (Moore) and Massachusetts (Healey) were also part of the tour, standing at the left in the photo, as was DNC Chair Jaime Harrison (not pictured), and . . . New York Governor Kathy Hochul lol, standing to the far right in the photo, next to Shapiro. Almost no story mentions Hochul, the governor of one of the very most liberal states in the country.
These are the people who can't abide an America for Americans, voter ID, freedom of speech, states choosing the president, the right to keep and bear arms, or the right of an unborn baby to breathe. It's almost beside the point that they can't abide Trump.
If you want your state to be just another brick in the wall where no one can hear you, Harris is your gal.
Meanwhile Salena Zito tells us how it's going, and Zack Beauchamp is probably going to have himself committed
The fact that [18-year incumbent Democrat Senator Bob] Casey is running an ad highlighting how much he agrees with former President Donald Trump tells you everything you need to know about how Pennsylvania is going. ...
The latest Real Clear Politics averages have Trump with a slim lead over Harris, which is likely dicey not just for Harris but also for Casey.
"Weird" didn't work, try "bizarre" lol
In which we learn that Zack Beauchamp is just jealous, wishing he could be as perceptive as Salena Zito, dammit:
In late 2016, the Atlantic published a campaign trail dispatch by Salena Zito, a conservative reporter, exploring Trump’s appeal to his voters. The piece was forgettable save one line, a description of Trump’s relationship to his fans that has been quoted endlessly for the past eight years: "The press takes him literally, but not seriously; his supporters take him seriously, but not literally."...
If we took all of [Trump] literally, really integrated the reality of what these steps would mean into our daily behavior, it would be hard to live life normally. The specter of out-and-out authoritarianism, a crashing economy, and an international system shorn of the alliances that keep the global peace sounds apocalyptic. Actually trying to envision the enormity of this world is psychologically taxing; trying to live as if this were indeed an imminent possibility invariably leads to a life monomaniacally devoted to trying to stop it.
Poor fella knows he suffers from Trump Derangement Syndrome.
It's a cry for help.
Friday, October 18, 2024
We still live in a world of very diminished economic growth since The Great Recession
Real GDP 2007-2023, 16 years, compound annual growth rate: 1.905%.
All the other years, 1929-2007: 3.448%.
We're behind that by almost 45%.
Compare the 16 years of The Great Depression and WWII, 1929-1945: 4.743%.
Or the 16 years prior to The Great Recession, 1991-2007: 3.253%.
This is bad, but you knew that.
Gold new all time high: $2,714.00 per ounce (updated to $2,720.05)
Gold raced past the $2,700 mark for the first time on Friday . . .. Spot gold rose 0.7% to $2,711.75 per ounce, having hit an all-time high of $2,714.00 earlier in the session. Bullion has gained over 2% so far this week. U.S. gold futures gained 0.7% to $2,726.90.
More.
Updated:
Spot gold was up 1% at $2,720.05 per ounce by 02:58 p.m. ET (1858 GMT) and has risen 2.4% so far this week.
U.S. gold futures settled 0.8% higher to $2,730.
Thursday, October 17, 2024
Israel stumbles onto elusive Hamas leader Sinwar in Rafah and kills him
Kamala Harris famously warned Israel of consequences from the US in March if Israel went into Rafah.
Biden buys the votes of another 60,000 people, topping 1 million so far, average loan forgiven in this round is $70,000 vs. $42,500 from FEMA for home repair assistance after the hurricanes
It's great to be a College Democrat.
CNN reports that if your home was destroyed in the hurricane your "current maximum amount for home repair assistance, for example, is $42,500."
What was that about equity, Kamala Harris?
President Joe Biden, who has forgiven more education debt than any other president in U.S history, said that the number of borrowers to benefit from the program under his administration now exceeded 1 million. ...
The average student loan balance forgiven under PSLF is around $70,000, according to a rough estimate by higher education expert Mark Kantowitz.
Gold rises to $2695.39 per ounce, another new high
Gold hits record highs on US election uncertainty, more policy easing
Gold prices hit record highs on Thursday as uncertainty surrounding the U.S. presidential elections and the war in the Middle East prompted investors to seek out the safe-haven asset, while easing monetary policy environment kept prices elevated.
Spot gold last rose 0.83% to $2,695.39 per ounce. U.S. gold futures gained 0.75% to $2,711.40.
Gold has seen a surge of over 30% this year, surpassing record levels, driven by prospects of further Federal Reserve rate cuts after a half percentage point rate cut last month and ongoing geopolitical uncertainties.
Wednesday, October 16, 2024
The vast majority in America is shunning vaccination against COVID-19 more than a month after availability according to the CDC
Reported on Friday, October 11th, 2024:
- The percent of adults age 18+ reporting receipt of the updated
2024─25 COVID-19 vaccine is 11.2% (9.7-12.7), including 26.7%
(21.7-31.7) among adults age 65+.
FBI quietly revises 2022 violent crime data without explanation after gaslighting the country for a year: 2.1% decline becomes 4.5% increase, DOJ report shows 55.4% increase in violent crime under Biden-Harris
The new data includes thousands more murders, rapes, robberies, and aggravated assaults. The Bureau – which has been at the center of partisan storms – made no mention of these revisions in its September 2024 press release. ...
It’s been over three weeks since the FBI released the revised data. The Bureau’s lack of acknowledgment or explanation about the significant change concerns researchers. ...
The updated data for 2022 report that there were 80,029 more violent crimes than in 2021. There were an additional 1,699 murders, 7,780 rapes, 33,459 robberies, and 37,091 aggravated assaults. The question naturally arises: should the FBI’s 2023 numbers be believed? ...
While the FBI claims that serious violent crime has fallen by 5.8% since Biden took office, the NCVS numbers [from the U.S. Department of Justice] show that total violent crime has risen by 55.4%. Rapes are up by 42%, robbery by 63%, and aggravated assault by 55% during Biden’s term. Since the NCVS started, the largest previous increase over three years was 27% in 2006, so the increase under Biden was slightly more than twice as large. ...
At the beginning of this year, the media was running headlines like National Public Radio’s: “Violent crime is dropping fast in the U.S. – even if Americans don’t believe it.” “At some point in 2022 … there was just a tipping point where violence started to fall and it just continued to fall,” NPR claimed. But now the FBI has itself admitted its violent crime numbers were way off. ...
A Gallup survey late last year found that 92% of Republicans and 58% of Democrats thought crime was increasing. A February Rasmussen Reports survey found that, by a 4.7-to-1 margin, likely voters say violent crime in the U.S. is getting worse (61%), not better (13%). A Gallup poll found in March that “crime and violence” was Americans’ second biggest concern, after inflation. But the media and politicians used the inaccurate FBI data to try to convince people that they were wrong.
Read the full story here.
Tuesday, October 15, 2024
Puto in the news, but Associated Press won't spell it out lol
Mexico is struggling to stamp out a homophobic soccer chant ahead of the World Cup
GUADALAJARA, México (AP) — Guadalajara is the capital of a Mexican state that is home to tequila and Mariachi music. It is also considered the birthplace of a less flattering tradition – a homophobic soccer chant that has cost Mexico hundreds of thousands of dollars in fines over the past two decades.
It’s no wild guess that the chant, a one-word slur which literally means male prostitute in Spanish, will be heard from the crowd in Guadalajara’s Akron stadium when Mexico hosts the United States in a friendly on Tuesday. Multiple sanctions from FIFA and campaigns by Mexican soccer officials to educate fans have not been able to stamp it out. ...
LOL, CNN's KFILE has really flipped the script, keeps going after Kamala Harris and Tim Walz on their hypocrisy
“You should be really prepared to look at a serious fine or be charged with a crime,” Harris said in November 2019 when a South Carolina town hall attendee asked whether she would investigate companies such as Chevron and Shell for their role in contributing to climate change. ...
“And, not unlike the tobacco companies, after years — ’cause they’d done the research — they knew the harm that their product was causing. They were making so much money that they kept that secret — same thing with these big oil companies. And they need to pay the price,” she said. “So yes is the answer.” Harris made a similar promise when speaking with the liberal Mother Jones magazine a month earlier, saying, “Let’s get them not only in the pocketbook, but let’s make sure there are severe and serious penalties for their behaviors.” ...
Campaigning in Philadelphia last month, Harris pointed to the Biden administration’s record on increasing domestic oil production, telling voters, “We have had the largest increase in domestic oil production in history because of an approach that recognizes that we cannot over rely on foreign oil.” ...
Archived material from Harris’s 2020 campaign found more than a dozen mentions of prosecuting Big Oil either for pollution or climate change. Citing climate change as an urgent threat, Harris said aggressive action was imminently needed. ...
During a CNN town hall on climate change in 2019, asked whether she would sue ExxonMobil, Harris responded, “I have sued ExxonMobil.”
However, this claim was incorrect. While Harris did initiate an investigation into ExxonMobil for allegedly misleading the public and shareholders about the risks of climate change, she never filed a lawsuit against the company.
Biden-Harris administration buys votes in North Carolina using the fascist Chips Act just in time for the election
CNBC doesn't even hide the fact.
The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with the money supporting its new silicon carbide factory in North Carolina that makes the wafers used in advanced computer chips and its factory in Marcy, New York.
Wolfspeed’s use of silicon carbide enables the computer chips used in electric vehicles and other advanced technologies to be more efficient. The North Carolina-based company’s two projects are estimated to create 2,000 manufacturing jobs as part of a more than $6 billion expansion plan. ...
The new Wolfspeed facility in Siler City could be a critical symbol in this year’s election, as it opened earlier this year in a swing state county that is undergoing rapid economic expansion in large part due to incentives provided by the Biden-Harris administration. ...
Wolfspeed CEO Gregg Lowe told The Associated Press that the United States currently produces 70% of the world’s silicon carbide — and that the investments will help the country preserve its lead as China ramps up efforts in the sector.
Lowe said “we’re very happy with this grant” and that the Commerce Department staff awarding funds from the 2022 CHIPS and Science Act was “terrific.”
Channeling Catholic convert Newt Gingrich, Charles C. W. Cooke, who thinks Trump is a lunatic and Joe Biden an asshole, spends a whole column telling us how Harris is an idiot
In Cooke's telling, the three constitute a "trilogy", which is about as implausible as it is witless.
The dismissive spleen is the point of all this, because no one listens to National Review anymore. "We are the arbiters, dammit", and Kamala Harris Is An Idiot.
On the contrary, Harris is a left wing, doctrinaire ideologue, who knows her creed but clearly isn't a theoretician. On the rare occasions when she has been confronted about its content, or with deviations from that creed, she has simply reasserted it in its defense, or stressed her good intentions, eschewing reason, like any good dyed in the wool Christian would quote from the catechism, not write a new one, and stress that you too can be saved. Join us joyful followers!
It is the primary reason that her campaign representatives are tasked with saying that her well known leftist positions are old hat, from 2019, burbling something about that was then, this is the new Kamala. Maintaining silence from her is the point, and all the true believers know she hasn't changed one whit. She knows it and they know it.
Her leftism must be shielded from public view.
Lying is the modus operandi of leftism. The media, who are all on her side to one degree or another, are thus tasked with not asking any uncomfortable questions, and are practiced in the art of lying by omission. They don't probe their candidate too deeply, while it's open season on the other side.
So no, Kamala isn't simply an idiot, any more than Joe Biden is simply an asshole, or Donald Trump simply a lunatic. This "idiot" still has a very good chance of winning, which says more about the country than it does about her.
These Cooke eruptions meanwhile are Papal Bans from the Church of National Review, which is one thing which hasn't changed much since the days when William F. Buckley Jr. founded the magazine, except in their effectiveness. NR is nothing if not an excommunication machine.
Against this NeverTrump catechist, Mr. Cooke, however, because that is who he is, one commenter actually broke through and nailed some theses on his Wittenberg door for a change.
One loves to see it.
Monday, October 14, 2024
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