Friday, November 8, 2024

Donald Trump is already hard at work making long lists of all the things he's not going to accomplish as president, which he'll foolishly fritter away his time on

 Ten points about The Swamp.

Seven points about The War on the Drug Cartels.

Trump's saying all this stuff and we don't even know yet if Republicans will win the US House, where they have 214 seats as of right now and lead narrowly in 8 undecided races. If they win them all they'll have 222 seats, with 218 needed for the majority.

If not, well that'll be the end of all ambition, now won't it?

222 at best is a very narrow margin to accomplish anything anyway, a mere continuation of the status quo where Republicans in the House must tread lightly to keep the caucus unified with a very similarly sized narrow majority (220).

What kind of sweep was this? Once again the Trump movement . . . isn't.

It would be easy to call this stuff hubris from Trump. Let's just say he still hasn't learned anything about how to accomplish anything of relatively permanent value. He has NO priorities when everything is a priority. He is, once again, unserious.

The Senate will be in Republican hands, so we'll at least get more judicial appointments who might advance traditional American principles of law and order.

The scuttlebutt is that the first agenda item in Congress will be making Trump's expiring tax reform permanent.

I can imagine him having to waste the entire first year on this. He'd be better off quickly settling for its extension for another ten years under reconciliation rules, and then move along smartly to immigration and energy reforms before the midterms are upon us in 2026, after which he'll be the lamest of lame ducks.

If there's any hope of boosting GDP and improving everyone's pocketbook they've got to make energy reform the priority. And mere immigration enforcement solves an untold number of other problems which bedevil the country, like illegal drugs, crime, and social spending.

Spending bills will come as they will, and should simply aim to starve the federal government of money to shrink it, as could have been the case last time but nothing changed. The beast grows naturally because permanent spending programs are indexed to inflation. That isn't going to be stopped. Growing the economy to pay the bills is therefore job one.

I'm expecting very little positive from this lot, but I do hope J. D. Vance will emerge at the end of it to take us to a better future.

Democrats who say they fear Trump because he's an authoritarian are absolutely comic. Watch for rogue judges to hamstring him just like last time, and Trump will bluster and fume and things will simply muddle along.

But, of course, unforeseen events like wars have a way of intruding and making mooks of us all. Let's hope Trump can finally make a deal to end and prevent them.



Meanwhile The Two Time Queen of Deficit Spending and Joe Biden Coup Leader doesn't look too happy the day after the election lol

She's the very picture of Joe Biden's Schadenfreude.

 



Joe Biden gets the last laugh, sails into the sunset as the only one who ever beat Donald Trump and doesn't have to worry about his shitty job anymore

 


I don't think Latinos are going to appreciate being called Uncle Toms by the black women supporters of Kamala Harris

 



Kamala Harris would have beaten Donald Trump but she had to stop on the way to victory and recharge her car

 


Electric carmaker Lucid books nearly $1 billion net loss in 3Q, hopes to produce 9,000 vehicles by the end of 2024 vs. 8,428 in 2023

Well whoop-de-do!

They're flying off the shelf lol.

Lucid Group stock ended 2020 at about ten bucks a share, popped above $50 a couple of times in 2021, and is now worth $2.30 lol.

 

The company’s net loss for the third quarter widened to $992.5 million. That compares to a loss of $630.9 million a year earlier.

Lucid CEO Peter Rawlinson described the quarter as a “landmark” for the company, citing record deliveries of 2,781 units as well as cost-cutting measures. He also noted that the company hit financial and production targets. ...

The company reaffirmed plans to produce roughly 9,000 vehicles this year, which would mark a 6.8% increase compared to 8,428 units in 2023. ...

Lucid’s stock has been under pressure this year amid widening losses, slower-than-expected sales and significant cash burn.

More.

Hillary is the president of the Losers Club

 




Bigshots at FBI fear firing bloodbath from Donald Trump

 


 The rats prepare to jump ship.

According to most of the sources, no one in the FBI at a GS-14 level or higher is safe from losing their job after Mr. Trump is sworn in, and they fully expect the president-elect to “smash the place to pieces when he gets in,” and that it will be a “bloodbath.”

Former FBI whistleblower George Hill told The Washington Times that people in the agency say the current state of the FBI is “frazzled.”

“I have friends still at the Bureau telling me that no less than 50 Senior Executives (SES) are scrambling to retire ASAP,” he said.

More.

 

Thursday, November 7, 2024

Republicans to retake Michigan State House from Democrats, ending 2022 absolute hegemony over state government

 The Detroit News has Republicans with 57 seats so far in the Michigan State House, Democrats with 45, 8 undecided.

Even if all the undecided go Democrat, that's a 4-seat majority for the Republicans.

Joe Biden invites Donald Trump to White House to re-evaluate threat assessment

 


I predicted Trump 316-222, it turned out Trump 312-226

My gut told me Minnesota for Trump was wrong, but I went with it based on what turned out to be a poll reporting error. And I couldn't believe the polling in Nevada which favored Trump, but that turned out to be right.

In the end I missed it by that much.





Stellantis-owned Jeep's US sales are down 34% since 2018, now cuts Jeep Gladiator production after ending internal combustion Renegade and iconic Cherokee


 

The electric vehicle idiots running this company into the ground should all be fired. Just build reliable combustion engine SUVs people can afford and don't start on fire while parked in the garage.

How hard can it be?

 

 Reported here in September:

Jeep’s U.S. sales have plummeted 34% from an all-time high of more than 973,000 SUVs sold in 2018 to less than 643,000 units last year. While most auto brands increased sales last year, Jeep was off by about 6%.

The most recent declines follow the company ending production last year of the entry-level Renegade and the Cherokee compact SUV — two mainstream models with peak U.S. sales of around 300,000 units annually from 2016 to 2019. ...

Jeep also is attempting to increase the quality and reliability of its vehicles, which have historically ranked below average in third-party rankings. ... Jeep on Monday confirmed it is cooperating with U.S. auto safety regulators on an investigation into more than 781,000 newer Jeep Wrangler and Gladiator SUVs after reports of underhood fires.

 

Reported here yesterday:

Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.

The company, which has been battling high inventory levels and lower earnings this year, said the decision at its Toledo South Assembly Plant to cut production to one shift will better align output with demand of the Jeep Gladiator pickup — the factory’s sole product.


 

Wednesday, November 6, 2024

Stonks went bananas today

 

how it started

how it went

LOL, Politico's John Harris says Trump's success is built on a movement of contempt for people in the media like himself

It's about THEMSELVES, you see, not about the issues, about mere ephemera, not about real things. The narcissism is absolutely amazing.

He misunderstands that the contempt is just a twofer:

People are drawn to Trump and the contempt he expresses toward his opponents, especially liberal politicians and the news media, precisely because of the contempt he draws in return. This is the through line of his politics.

 


Kammunism tossed on the ash heap of history

 


Trump-Vance for the win with PA and AK just now to hit 270

 


Monday, November 4, 2024

A US serviceman hurt while building Joe Biden's failed Gaza Hamas-aid pier has died of his injuries

Joe's administration began with the deaths of US soldiers in the ignominious Afghanistan withdrawal, and ends with the death of a US soldier in the ignominious attempt to help the enemy which attacked America's ally Israel on October 7, 2023.

I wonder if Kamala can think of anything now that she would change.

 



Win one for the squirrel

 


They'd need fewer abortions if they didn't bang so much

 


George W. Bush hasn't endorsed Kamala Harris because he is too busy painting all the new people she let into the country

 


Sunday, November 3, 2024

Saturday, November 2, 2024

Ford Motor F-150 Lightning EV pick-em-up-truck sales are a JOKE, and the mainstream media propaganda stories don't tell you that, if they cover the story at all

  Ford sold 7,162 units of the Lightning in Q3 2024, up from the 3,503 units in Q3 of last year. ... Year-to-date, Ford sold 22,807 F-150 Lightning EVs. ... 

[22,807 units lol. Ford sold nearly 751,000 F-series pick up trucks in 2023, so that's like 3% of the 2023 total]



Overall, Ford’s all-electric vehicle sales in the third quarter of this year amounted to 23,509 units, up 12.2% from last year’s 20,962 vehicles. Year-to-date, Ford sold 67,689 EVs, up 45% compared to last year’s 46,671 units. ...

Ford sold 432,429 combustion-powered vehicles in the third quarter, down 2.8% year-over-year, and 1,340,139 units year-to-date, down 1.8% year-over-year.

Reported here

That means year-to-date total EV sales are just 5.05% of total combustion-powered vehicle sales year to date.

People aren't buying these dogs.

None of these stories mention these facts.

CBS: Ford to pause production of F-150 Lightning electric pickup trucks

CNBC: Ford to halt production of electric F-150 Lightning next month until January

MarketWatch: Ford to Pause Production of F-150 Lightning EV Pickup Trucks

Reuters, to it's credit actually reported some actual numbers: Ford to halt production of F-150 Lightning EV pickup trucks for six weeks :

Ford said this month its Ford-brand U.S. EV sales are up 45% this year and sales of F-150 Lightning more than doubled to 7,100 in the three months ending Sept. 30 - thought [sic] they still represent just 3.6% of all F-Series pickup sales.     

If Ford is smart it will abandon this boondoggle which is going to cost it $5 billion plus in 2024 and even more going forward and just stick with hybrids and hope Donald Trump fixes this mess.

When California's not the worst, New York is: Department of Conservation seizes man's rescue animals, Peanut the Squirrel and Fred the Raccoon, and euthanizes them

 Because some asshole complained.

People have been complaining for what seems like forever about all the diseased illegals flooding the country, but the Feds and the state of New York don't check them, now do they?


TMZ



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Orphaned squirrel who became social media star was euthanized after being seized from home


 

Joe Biden's National Security Adviser Jake Sullivan is married to this woman, Maggie Goodlander, who is running for the US House in New Hampshire District 2, except she doesn't really live in it



Goodlander's home is currently out of district in Portsmouth and she is worth a lot of money, with median estimated assets of $24 million.

She's renting an apartment in the congressional district in Nashua in order to qualify to run and is being called a carpetbagger. She was born and raised in Nashua, however.

The Republican has median estimated assets of $6.3 million and isn't exactly a native of the district. She has resided in the district since sometime after 2016 when she ran for US Senate from Colorado as a Libertarian Party candidate.

She really lets Goodlander have it, though, for pretending to understand the problems of middle class people, and of using her wealth to take an apartment away from somebody poorer and more deserving during a period when housing is very unaffordable just so she can run for this seat.

She has a point.

Meanwhile Goodlander is a dyed in the wool progressive with deep connections to people like Merrick Garland and Stephen Breyer, and of course Jake.

Here.

Kamala Harris waps it up with an endorsement from Cardi B

 Yes, I said waps.

Cardi also has other advice lol.



Democrats are funny things

 


Friday, November 1, 2024

Stocks remain wildly overvalued and seriously underperforming

 The S&P 500 averaged 5,792.32 in October 2024 (the all-time high was on 10/18 at 5,864.67).

Nominal GDP was updated on Oct 30th at $29.349924 trillion for 3Q2024.

That yields a ratio of SPX/GDP of 197.35 vs. median of 81.

Stocks remain wildly, obscenely, off-the-chart overvalued.

The formula is GDPx = SPX.

29.35(81) = 2,377.

The market would have to fall 3,415 points just to hit median valuation at current GDP, or about 59%.

You can see a similar analysis here, where the median is 79.7 vs. current 200.7.

Real return from SPX since Aug 2000 is now about 5.1% per annum vs. 7.4% before that (including the Great Depression, the depression of 1920, and every collapse before that going back to 1871), 31% worse.

We are living through developments echoing the lunatic era of the 1920s, which ended in tears.

Owe no man anything . . ..

 



 


 

Gold hit new record $2,790.15 this week before closing at $2,736.28 today


 

Spot gold fell 0.2% to $2,736.28 per ounce. Prices fell 1.5% on Thursday as some traders took profit after bullion hit a record high of $2,790.15.

More


Remember when Drudge falsely told people the "feds" said stop taking baby aspirin to prevent heart attack and stroke in October 2021?

No, Joe Biden, it's not illegal to shout "Fire!" in a crowded theatre.

But it is irresponsible, just like this.

 


See, it's not just me

 I hardly cover it anymore because I'd have to rebut almost every Drudge headline. That's boring, and a full time job without pay.




Just 49.7% had a full-time job in October 2024 vs. 50.3% in Oct 2023 and 50.1% in Oct 2022

Just one percentage point of current civilian population is 2.69 million full time jobs.

The trend is worryingly down for the middle class, which needs full-time jobs in order to buy homes.

The percent working full time in Jun 2023 almost but not quite beat the high under Trump of 50.98% in the summer of 2019, but that was 16 months ago. 

The Jan 2024 low was lower than the Jan 2023 low, too.

NOT GOOD.

Better save your pennies.

 



12,000 jobs in October 2024 for Biden-Harris is almost as bad as zero jobs in August 2011 for Obama-Biden

Revisions to total nonfarm subtracted 112,000 jobs for August and September, too.

 



She couldn't think of anything she'd do differently

 On The View in early October.