Thursday, January 23, 2025

Peak Baby Boomers worked when they were teenagers, at 2.07% of population, still the peak, today at just 0.78% of population

Get a haircut and get a real jobClean your act up and don't be a slobGet it together like your big brother BobWhy don't you, get a haircut and get a real job?

-- George Thorogood, 1993


 








It's not a perfect one to one comparison, let alone an actual measurement, but about 20% of teenagers worked in 1979, and not quite 12% today:




J6er: Who he pardoned, he pardoned


 

“I’ve been asked, you know, I’ve been pardoned, how do I feel about people that may have done other things, and they got pardoned. Well, that’s President Trump’s decision. Who he pardoned, he pardoned.

More.

For he saith to Moses, I will have mercy on whom I will have mercy, and I will have compassion on whom I will have compassion.  

-- Romans 9:15

Wednesday, January 22, 2025

Gold up to $2,759.83, close to record peak $2,790.15

 Spot gold added 0.6% to $2,759.83 per ounce as of 0941 GMT. The price hit its highest since Nov. 1 earlier in the session and is close to its record peak of $2,790.15 hit in October.

More.

Tuesday, January 21, 2025

Pete Hegseth reportedly has had episodes of drinking to the point of passing out


 

 I get the drinking too much until you barf. I mean, that's pretty much been Freshman Life 101 forever and a day. Pete was a freshman in college in 1999-2000.

But it takes a special kind of excess to drink until you pass out.

Is it true? 

Who knows.

One incident was allegedly in 2013, when he was about 32, at which time he had earned an MA from Harvard. Another was when he was about 28, in 2009, when his first marriage ended. That's a long time after graduating from Princeton University in 2003.

The precise timeline is uncertain because his birth year isn't precisely known, and the new revelations come from a former sister in law, married to Pete's brother from 2011-2019, who can't remember the dates exactly.

Anyway, I don't get why the new SECDEF absolutely, positively must be this guy, with all this sooty baggage. No one is that indispensable.

From The Wall Street Journal here:

Pete Hegseth, President Trump’s pick to run the Pentagon, regularly abused alcohol to the point that he passed out at family gatherings, and once needed to be dragged out of a strip club while in uniform, according to an ex-relative’s account of his behavior that was given to U.S. lawmakers and reviewed by The Wall Street Journal.

The sworn statement, submitted in response to a request from Sen. Jack Reed of Rhode Island, the top Democrat on the Senate Armed Services Committee, was signed by Hegseth’s former sister-in-law, Danielle Hegseth. It states that she was with Hegseth when he passed out from drunkenness in the bathroom of a bar in Minneapolis in about 2013. It also describes another night, when she said Hegseth drank so much at a restaurant in Minneapolis that the Uber driver had to pull over on Interstate 94 so he could throw up.

In her sworn statement, Danielle Hegseth said she personally observed erratic and aggressive behavior by Hegseth, witnessing him abusing alcohol multiple times over the years. One Christmas in 2008 or 2009, he drank so much that he threw up and passed out, she said. ...

Vice President Vance has sworn in Ohio Senator Husted who replaces him, and Florida Senator Moody who replaces Secretary of State Rubio

 


Trump executive order reverses Biden's pause on new approvals of LNG projects

 It is little discussed, but Biden's pause on the new projects was based, in part, on the negative impact on prices paid by consumers because natural gas was being diverted to LNG exports. Reduced domestic supply has led to higher prices paid by consumers:

The current economic and environmental analyses DOE uses to underpin its LNG export authorizations are roughly five years old and no longer adequately account for considerations like potential energy cost increases for American consumers and manufacturers beyond current authorizations or the latest assessment of the impact of greenhouse gas emissions. 

Natural gas diverted to export already reached 10% of production in 2022.

Reported here:

The president reversed the Biden administration’s pause on new liquefied natural gas export facilities. Trump directed the Energy secretary to start reviewing new LNG projects as quickly as possible.     

Natural gas prices have exploded by 210% since Trump was elected in November.



Irrational exuberance produces flatulence, recently floated meme coin $FARTCOIN lingers in the air at $1.8 billion market capitalization

Something smelly this way comes.

David Einhorn says we have reached the ‘Fartcoin’ stage of the market cycle

“Other than trading and speculation, it serves no other obvious purpose and fulfills no need that is not served elsewhere.”

A crypto token called “fartcoin” exploded in popularity as the re-election of Donald Trump unleashed a storm of animal spirits on Main Street. The meme coin is now edging towards a $2 billion market value, surpassing many U.S.-listed companies.

More meme coins have emerged since the inception of fartcoin. President Donald Trump launched $TRUMP, a meme coin built on the Solana platform. Its market cap over the weekend climbed past $14 billion. The coin at one point was down more than 20% over the past 24 hours, but it has since cut its losses to around 3%. Trump’s wife Melania also unveiled a coin.

 


 

Marco Rubio confirmed as Secretary of State in 99-0 vote, voted for himself lol


 

The Senate on Monday unanimously confirmed Sen. Marco Rubio (R-Fla.) as America’s 72nd secretary of State, putting in place the first member of President Trump’s Cabinet on the day of his inauguration.

Rubio’s confirmation vote passed with overwhelming bipartisan support, 99-0. Rubio also was able to cast a vote for himself. 

Reported here by The Hill at 6:52pm yesterday.

Ohio Governor Mike DeWine announced Sunday that Ohio Lt. Gov. Jon Husted would replace Vice President J. D. Vance in the US Senate, but he has not yet been sworn in, hence the 99-0 vote for Rubio.

Florida Governor Ron DeSantis announced Thursday, January 16th that Florida Attorney General Ashley Moody will replace Rubio in the Senate after Rubio formally resigns.

Senate panel advances Defense secretary nominee Hegseth on party-line vote 14-13

 The Hill reported here yesterday at 5:37pm.

90% of the 250,000 inauguration ticket holders got stiffed by Trump's move of the inauguration indoors

 MAGA fan traveled 2,700 miles to DC - but is forced to watch Trump inauguration on iPad

Brian Roy traveled from Seattle last week and was among around 250,000 people who had tickets to view the inauguration from around the Capitol grounds before the ceremony was moved indoors.

About 2,600 VIPs were let in to the Capitol venues, and 20,000 regular folks into the arena. The rest were like Brian.

Way to go, Brownie!







Gold hits two-month high

There's funny money like $Trump and $Melania, and then there's the real thing. 

Spot gold climbed 0.7% to $2,726.75 per ounce, reaching its highest level since Nov. 6 and nearing the all-time high of $2,790.15 set in October.

More.

Monday, January 20, 2025

As if the pre-emptive pardons of Fauci, Milley, and the Jan 6 lynch mob weren't bad enough, Biden pardoned his own siblings and their families at the last second

 Meanwhile, earlier in December Biden's own Department of Justice warned Jan 6 "insurrectionists" that accepting a pardon from Trump would amount to a confession of guilt.

So Fauci, Milley, et alia are all ipso facto guilty.






CNBC story on Trump and Melania meme coins, introduced on Friday and Sunday, sheepishly mentions conflicts of interest

The Grifters, the sequel

 

The meme coins were introduced precisely to cash in on the inauguration euphoria.

Melania Trump launches cryptocurrency ahead of Donald Trump’s inauguration

... The Melania token was trading at $11.16 at 10:48 a.m. London time on Monday, up more than 50%, according to data from CoinMarketCap. It has a market cap of $2.15 billion. ...

“Meme cryptocurrencies like these are prone to large fluctuations and we generally consider them as speculative assets,” he said. “The tokens released by Donald and Melania Trump appear to symbolize support for the digital currency sector. However, the introduction of these coins during the presidential inauguration raises concerns about potential conflicts of interest.” ...

Following the Sunday launch of the “Melania” token, the president-elect’s “Official Trump” coin briefly crashed as much as 40%, according to analysts at The Kobeissi Letter in a Sunday post on X.

Biden pre-emptively pardons his own supporters as he heads out the door after prosecuting his opponents for four years, admits "the mere fact of being investigated or prosecuted can irreparably damage reputations and finances"

"It's OK when we ruin you, but not if you ruin us".
 
 
... It’s unclear whether those pardoned by Biden would need to apply for the clemency or accept the president’s offer. Acceptance could be seen as a tacit admission of guilt or wrongdoing, validating years of attacks by Trump and his supporters, even though those who have been pardoned have not been formally accused of any crimes. ...

Sunday, January 19, 2025

Donald Frankentrump, the GOP's version of Boltneck, was against crypto before he was for it, making $60 billion in 36 hours

 





This is just BS from Speaker Mike Johnson about LNG exports and Joe Biden's memory

 Whatever may be said about Joe Biden's memory, he didn't have a memory lapse in this instance as alleged by the Speaker of the US House of Representatives. It's troubling that Mike Johnson would misrepresent this in this way. 

Joe Biden doesn't have a monopoly on "fake shit".

Sir, why did you [President Biden] pause LNG exports to Europe? Like, I don't understand. Liquefied natural gas is in great demand by our allies. Why would you do that? You understand -- we just talked about Ukraine -- you’re fueling Vladimir Putin’s war machine because they’ve got to get their gas from him."

He looks at me, stunned, and says, "I didn’t, I didn’t do that."

I said, "Mr. President, yes, you did. It was an executive order, like, three weeks ago."

He says, "No, I didn’t do that." He’s arguing with me.

-- The Moment Speaker Mike Johnson Knew Biden Wasn't "In Charge" Anymore 

LNG exports to Europe were not paused. And demand in Europe dropped in 2024. Biden signed a temporary pause for pending approvals of LNG exports, not for existing approvals of LNG exports. This and Mike's other comments in the story indicate that he is not exactly reliable on the subject. But he could have easily just looked it up.

Jan 26, 2024:

FACT SHEET: Biden-Harris Administration Announces Temporary Pause on Pending Approvals of Liquefied Natural Gas Exports

Sep 4, 2024:

US LNG export dominance tested as Europe's demand wilts

Meanwhile, Mike Johnson didn't tell anybody about this until now? Seems like a dereliction of duty for the man in line right behind the VP to become president in the event of incapacity or death.

And, oh yeah, US LNG export tanker loads hit a seven-month high in January 2025 at 71, through yesterday:


 

 

 

J. D. Vance aptly summarizes Joe Biden's Equal Rights Amendment gambit

Cincinnati Reds fan.

 


Tulip Mania returns in the Trump nutball era

 


Speaker Mike Johnson and Senators Tom Cotton and Pete Ricketts say Chicom's TikTok is toast

 

“The law is very precise, and the only way to extend that is if there is an actual deal in the works,” Johnson added. “I think President Trump is probably intrigued by all this and he likes to make deals, as you know. So we’re very hopeful that that can happen, and that 270 million American people who enjoy the platform can enjoy it, but enjoy it safely and not have their data being mined by our nation’s enemy.”

More.

Joe Biden is the authoritarian Democrats only dream Donald Trump will be

 



Saturday, January 18, 2025

David Brooks is not a serious person

 

 
And the fact that he's reelected and now about to take office and use executive orders to wipe out a lot of things, including the civil service potentially, or parts of it, that's just a gigantic pivot in American history. 

A president who must resort to executive orders is not consequential. The next president can wipe those out, by executive orders.
 
More importantly, there is nothing consequential about presidents who must pass major legislation through reconciliation rules, as Trump had to in 2017, which means the legislation is temporary by definition. Trump must now spend precious second term months on this same issue. He aims to extend his tax cuts for another period under reconciliation rules, which is fine, but that will also be temporary, not consequential.
 
Boehner and Obama made the Bush tax cuts, originally passed through reconciliation, permanent after Obama was re-elected in 2012. That was consequential.

The Bush tax regime is consequential. It makes Trump step and fetch it, just like Obama.





These ridiculous goofs, President Biden, VP Harris, and Senator Kirsten Gillibrand should all be removed from office before Monday

 The ERA was never ratified according to the rules. Pretending otherwise and using the power of the executive to assert otherwise is a violation of their oaths of office. There is no 28th Amendment to the US Constitution. The ERA is not the law of the land. These are renegade Democrats, but I repeat myself, enemies of the rule of law and enemies of democracy. They mock us with this stunt, and deserve mockery in return.

 




 



I'm really looking forward to the Ukraine-Russia war ending on Monday, or maybe even Sunday

 Here are 11 things Trump has promised to carry out on Day 1 of his presidency

... One of Trump’s most audacious promises was that he could end the war in Ukraine within 24 hours of taking office — or even before.

“That is a war that’s dying to be settled. I will get it settled before I even become president,” Trump said during a September debate with Vice President Kamala Harris in Philadelphia. ...

Thursday, January 16, 2025

Speaking of wankers lol

 


Jimmy Carter's legacy: The only president ever to pardon a disgusting piece of trash who was convicted of sexually molesting a child

 Peter Yarrow, of Peter Paul and Mary fame, made a 14-year old girl wank his weenie in a hotel room in 1970. He served three months for his crime.

WaPo in 2021 wondered if there were other victims.

Jimmy Carter pardoned Peter Yarrow at the last second in 1981, while we were distracted with the release of the Iran hostages and the inauguration of Ronald Reagan.

Both disgusting wankers have now died, just days apart: Jimmy on Dec 29th. Peter on Jan 7th.

 



 



Wednesday, January 15, 2025

I track average prices for over 40 basic foods in the U.S. city average: Just four made new all time highs in December 2024

 Round roast $7.486/lb

All uncooked beef roasts category $7.719/lb

Table wine, red and white $13.985/liter

Beer $1.812/pint

Degeneracy is a spectrum

 

.

.

Core cpi inflation in December 2024 yoy was 3.2%, annual average 3.43%, which was 75% worse than 2017-2020

 The 2017-2020 average annual rate was 1.96%.

The four year average annual rate 2021-2024 under Joe Biden clocks in at 4.48%, almost 129% worse than under Trump I.

During 2024 the year over year measure has been at 3.3% or 3.2% every month from June inclusive, but stonks are soaring today as if something has changed.

Nothing's changed.




FBI failed to investigate Pete Hegseth, GOP Senators afraid of being primaried just fine with it

 A gross dereliction of duty on the part of the Republican-controlled Senate and the Trump-directed FBI. That is a harsh but unavoidable assessment of the confirmation hearing for Pete Hegseth to serve as Donald Trump’s defense secretary. ...

Only [Senators] Wicker and Reed were permitted to review an FBI report that Reed described as “insufficient.” The FBI failed to question Hegseth’s second wife, despite her expressed interest in being interviewed. It didn’t speak to the woman who accused Hegseth of sexually assaulting her — and was paid by him in exchange for executing a nondisclosure agreement. It didn’t obtain the forensic audit of a veteran’s organization Hegseth ran that found “evidence of gross financial mismanagement.”

Mayer reported that “the F.B.I.’s background investigation also failed to interview Fox News personnel who had described Hegseth to NBC News as smelling of alcohol on the job as recently as last fall. Instead, sources say that the Bureau settled for an interview with a public-relations official at Fox.”

The FBI’s role here is troubling, because the bureau is supposed to serve as the Senate’s chief source of reported and reliable information about the individuals whose nominations it is considering. ...

The bureau has argued that the scope of its inquiries is limited by the directions it is given, in this case by the Trump transition team. But the Trump team’s goal is to win confirmation, not to get to the truth of the matter — which makes a Trump-directed FBI investigation worse than meaningless; it makes it effectively a coverup.

More.

Tuesday, January 14, 2025

Senator Tim Kaine v Pete Hegseth

 


I don't care what you think of Senator Tim Kaine, D-VA, he nailed Pete Hegseth's unrepentant ass to the canvass


 

 Pete Hegseth is no repentant Christian. He's a phony baloney plastic banana good time rock 'n rolla.

This man represents a new low for the GOP.

From the story here:

“I want to return to the incident that you referenced a minute ago that occurred in Monterey, California, in October 2017,” Kaine opened. “At that time, you were still married to your second wife, correct?” 

After Hegseth agreed that he believed so, Kaine followed with “And you had just fathered a child by a woman who would later become your third wife, correct?”

Senator, I was falsely charged and I fully. investigated and completely cleared,” Hegseth said of the sexual assault allegation, but Kaine pressed.

So you think you are completely cleared because you committed no crime? That’s your definition of cleared?” Kaine pressed. “You had just fathered a child two months before by a woman that was not your wife. I am shocked that you would stand here and say you are completely cleared. Can you so casually cheat on a second wife and cheat on the mother of a child who had been born two months before? And you tell us you are completely cleared. So how is that completely cleared?”

“Senator, her child’s name is Gwendolyn Hope Hegseth, and she’s a child of God, and she’s seven years old,” Hegseth replied.

I mean, you cheated on the mother of that child less than two months after that daughter was born, didn’t you?” Kaine pressed. 

 Those were false charges. Well, no, totally investigated. And I was completely cleared. And I’m so grateful for the marriage I have to this day,” Hegseth answered.

So you’ve admitted that you had sex at that hotel in October 2017. You said it was consensual. Isn’t that correct?” Kaine continued. “You’ve admitted that it was consensual, and you were still married, and you just had a child by another woman again. How do you explain yourself?”

“Completely false charges against me,” Hegseth insisted, even though he agreed to a non-disclosure agreement and financial settlement with his accuser.

Deficit spending 40% worse than a year ago, national debt climbs to $36 trillion

 


A jag off is someone who pulls out just in time, like Pete

Although there were at least seven times that he didn't, that we know of anyway.

 


In a real crisis, you can depend on the government to let you die

 


Senator Jack Reed, D-RI, West Point graduate, US Army Ranger, paratrooper 82nd Airborne, drops the hammer on Pete Hegseth in the opening, speaks for the America we once knew and loved


 

But the committee’s ranking Democrat, Sen. Jack Reed of Rhode Island, bluntly told Hegseth, “I do not believe that you are qualified to meet the overwhelming demands of this job.”

Reed said he finds the allegations against Hegseth “extremely alarming.”

“I vote in favor of all your predecessors, including those in the first Trump administration. Unfortunately, you lack the character and composure and competence to hold the position of Secretary of Defense,” Reed said.

More

Jack is a patriotic liberal, ticking almost every box, in the mold of George McGovern, a B-24 Liberator pilot during WWII who won the Distinguished Flying Cross.

Meanwhile, speaking of wholesale prices, you are paying $9+ a dozen for eggs in some places because producer prices averaged $4.62 in December

 That would be 75-cents for an egg that cost the producer about 19-cents.

I got a $1 off 18 eggs yesterday at a nearby health food store and paid $6.99, 39-cents each.


Why eggs are selling for over $9 a dozen in some places—and when prices are expected to drop

The biggest factor pushing up egg prices is a wave of avian flu, which began in early 2022 and led to the culling of millions of egg-laying hens. With demand remaining steady, the reduced supply has caused prices to rise.

This is the second time egg prices have surged since 2022, following a previous wave of avian flu that wiped out large numbers of egg-laying hens and caused supply shortages that year. Avian flu has wiped out over 100 million chickens since a major outbreak began in early 2022.

 

You would think chicken prices would go up, too, but I consistently get chicken thighs in bulk at Sam's for $1.38/lb, and have done so right through the pandemic.

And the rotisserie chicken remains $4.98, too.

We'll get December consumer prices tomorrow. Here's November's chart for eggs:

 


 


Ignore the expectations game, wholesale prices were up year over year 3.3% overall, and core prices up 3.5%

 Three consecutive months of increases measured year over year for overall producer prices, FIVE for core.

But the stock market cheerleaders always play it this way:

Inflation watch: Wholesale prices rose 0.2% in December, less than expected.

Yeah, only half of the people we expected to be destroyed were. Good news!

The charts: