Thursday, March 20, 2025

Numbskull Jesse Watters' masculinity prohibits eating soup in public, crossing your legs, drinking with a straw, milkshakes, waving with both hands, self-awareness, intelligence informed by history . . .

... “I have rules for men,” Watters began on Wednesday’s [Fox News] The Five. “They’re just funny, they’re not that serious. Like, you don't eat soup in public. You don't cross your legs. And you don't drink from a straw. And one of the reasons you don’t drink from a straw is the way your lips purse. It’s very effeminate.”

Referring to Walz, he said: “His excuse was, ‘well I was drinking a milkshake.’ Again, you shouldn’t be drinking a milkshake. Milkshakes are for kids.” 

Watters also claimed that real men “don’t wave simultaneously with two hands.”

“We wave with one hand, not both hands at the same time,” he said. ...

More

 











Wednesday, March 19, 2025

Government belt-tightening theatre at CNBC: Social Security new proofing procedures requiring in person visits are a joke, a costly upheaval designed to stop a puny problem

As the Social Security Administration seeks to curb identity fraud, more people will now be required to visit an office to prove their identity for new benefit claims and direct deposit changes. ... The changes are aimed at helping to avoid the fraudulent redirection of benefit checks, which the agency has been warning about for years. ... SSA estimates the agency is now losing more than $100 million per year due to direct deposit fraud. ... The change may require foot traffic to Social Security offices nationwide to increase by about 75,000 to 85,000 more in-person visitors per week, according to reports on an internal Social Security Administration memo. ... The AARP, an interest group that represents Americans ages 50 and over, urged the Social Security Administration to reverse the decision.

In fiscal 2024 Social Security paid out $1.35 trillion in benefits. $100 million is 0.0074% of that!

I predict that the costs of this silliness will exceed the savings. 


Impeaching judges turns into big headache for Speaker Mike Johnson lol

 Hill Republicans already hated the ‘idiotic’ call to impeach judges. Then Trump jumped in. 

... Impeachment proceedings, even when they don’t involve presidents, can be time- and resource-intensive affairs. ... privately there is dread inside Johnson’s leadership circle about the prospect of having to pursue messy, certain-to-fail impeachments that could ultimately backfire on the GOP’s razor-thin majority.

“It’s never going to happen,” said a senior House Republican aide. “There aren’t the votes.”

“It would be such a heavy lift and we’ve got too many heavy lifts coming up,” said another top GOP aide. “What is the endgame here?”

A third said GOP leaders and even some conservative House members are “rolling their eyes” at the impeachment filings that “aren’t going to go anywhere.” ...


15th record high for gold this year

 Bullion surged to an all-time high of $3,045.24 earlier in the session, marking its 15th record peak this year.

More.

Putin is much better at cruelty and humiliation than Mad King Ludwig, makes Trump wait an hour, agrees only to a narrowly defined ceasefire with Ukraine, and then immediately breaks it

 




Violent attacks on Tesla keep law enforcement busy nationwide, but especially in the leftist Pacific Northwest

 Violent attacks on Tesla dealerships spike as Musk takes prominent role in Trump White House

... Musk critics have organized dozens of peaceful demonstrations at Tesla dealerships and factories across North America and Europe. Some Tesla owners, including a U.S. senator who feuded with Musk, have vowed to sell their vehicles. 

 But the attacks are keeping law enforcement busy. ...

A number of the most prominent incidents have been reported in left-leaning cities in the Pacific Northwest, like Portland, Oregon, and Seattle, where anti-Trump and anti-Musk sentiment runs high. ...




J. D. Vance is fixated on cheaper foreign labor as the cause of American industrial decline when it was the tax preference given to ordinary income over long term capital investment which made it attractive

 
". . . cheap labor is fundamentally a crutch, and it’s a crutch that inhibits innovation. I might even say that it’s a drug that too many American firms got addicted to . . ."

The indispensable contribution driving investment back home to the United States will have to be penalizing foreign investment's income and rewarding long term domestic investment's income through the tax code, which also means dramatically raising ordinary income tax rates. In other words, returning to the status quo ante-Reagan.

The reason is we have learned that rich people don't know what's best to do with their own money any more than the rest of us do. The rich have not done what's best for the country. Ronald Reagan was completely wrong about that. They took one look at the quick and easy money and immediately started looking to maximize it elsewhere. The tax code used to force them to do the right thing, which was keep it here and invest at home if they wanted to get richer. And that is what made all of us richer, with jobs with which we could afford to marry, buy houses and cars, raise children and send them to college.

People who got rich through Reagan's low ordinary income tax rates fell for the cheap labor abroad to get even richer, but now here they and we sit together beholden to countries abroad who are hostile toward us.

The chart below shows how domestic investment dominated foreign throughout the post-war until the Reagan tax reform of 1986. Investment abroad did not overtake domestic until 1993, at 105% of private fixed investment, after the Reagan tax cuts had taken full effect. Foreign as a percentage of domestic investment is double that and more today. For every four dollars invested at home in 2024, eight were invested abroad.

It took decades to screw this up, and it will take decades to fix it. But as sure as I'm sitting here neither J. D. Vance nor Donald Trump nor any other politician out there has any clue about this. 



 


 

Tuesday, March 18, 2025

U.S. District Judge Theodore Chuang in Maryland rules Elon Musk violated the Constitution in dismantling USAID


 

 The ruling is significant because the dopes in the Republican Party just rammed through a continuing spending resolution which fully funds the now severely diminished USAID.

The money must be spent as allocated by Congress.

 

 Judge rules DOGE’s USAID dismantling likely violates the Constitution

WASHINGTON (AP) — The dismantling of the U.S. Agency for International Development by billionaire Elon Musk’s Department of Government Efficiency likely violated the Constitution, a federal judge ruled Tuesday as he indefinitely blocked DOGE from making further cuts to the agency. ...

In one of the first DOGE lawsuits against Musk himself, U.S. District Judge Theodore Chuang in Maryland rejected the Trump administration’s position that Musk is merely President Donald Trump’s adviser.

Musk’s public statements and social media posts demonstrate that he has “firm control over DOGE,” the judge found pointing to an online post where Musk said he had “fed USAID into the wood chipper.” ...

The judge said it’s likely that USAID is no longer capable of performing some of its statutorily required functions. ...

Chuang said DOGE’s and Musk’s fast-moving destruction of USAID likely harmed the public interest by depriving elected lawmakers of their “constitutional authority to decide whether, when and how to close down an agency created by Congress.” ...

 

Kremlin Karoline shockingly spouts Russian propaganda, says Zaporizhzhia Nuclear Power Station is on the Ukraine-Russia border

The official White House spokesperson is conceding that the lands taken in Russia's invasion of Ukraine are Russia.

This is a lie, a big lie, an utter disgrace.

 

 



Mad King Ludwig flies into a rage all because a judge told him Nay Nay

Ordinarily after successfully pulling off such a deportation coup, which may or may not be legal, you would think Trump would be gloating, but you would be wrong.

Nothing is ever good enough. He is never satisfied. He is never secure.

"He who is the real tyrant," said Plato, "whatever men may think, is the real slave, and is obliged to practise the greatest adulation and servility, and to be the flatterer of the vilest of mankind."
 

 
 
"He has desires which he is utterly unable to satisfy, and has more wants than any one, and is truly poor, if you know how to inspect the whole soul of him: all his life long he is beset with fear and is full of convulsions, and distractions, even as the State which he resembles."

 


The US depression in road travel from COVID-19 ended in 2024 and lasted five years

 The 3.257 trillion miles of 2019 was exceeded in 2024 by 5 billion miles, on an average annual basis.

The depression in road travel from the Great Financial Crisis lasted eight years, from 2007 to 2015.

Previous to that we had similar, but smaller contractions in US road travel, from 1979 to 1982, three years, and from 1973 to 1975, two years, precipitated by the oil trade shocks of the Iranian Revolution and the Yom Kippur War respectively.

You are now free to move about the country.

 


Vehicles in the US are now 12.6 years old on average, up two months from 2023, 1.1% are EVs

May 22, 2024:

 Average age of vehicles hits new record in 2024

... The US vehicle fleet surged to 286 million vehicles in operation (VIO) in January ... 

... 3.2 million EVs in operation in January ...

Atlanta Fed 1Q2025 GDP Now Model update: -1.8%

Skippin' along down there.

 


Monday, March 17, 2025

Nevah hoid of it

 FERRRI buyers getting younger. 40% now under 40...

Atlanta Fed GDP Now Model predicts -2.1% real GDP for 1Q2025 in today's update

 Here.

This is the 10th of 19 estimates scheduled through the end of April for 1Q.

This is the 4th negative estimate.

This is brutal: A list of Senate Democrats who were all for last week's failed filibuster after they were against it

 In the first column are 30 Democrats who infamously voted to abolish the filibuster late in the evening on Jan 19, 2022, which failed 48-52 because of Sinema and Manchin, but happily tried to mount one last week.

The roll call vote in the US Senate is here (the Wikipedia entry is wrong on this, citing a CBS story and dating the vote to Jan 20).

In column two are 7 Democrats who campaigned to abolish the filibuster but who also happily tried to mount one last week.

The 2017 letter to Mitch McConnell in the last column references the names of 19 Democrats who then said they were for the filibuster, but last week 5 of them weren't lol.

The irony of all this of course is that Joe Biden's spending for fiscal 2025 was just passed with little modification by Republicans with the help of 10 Democrats (1 Independent) and the Democrats are beating themselves up over it.

But it's kind of hard to crow about Joe Biden's success after you just forced him out of power.

🤷

 


Gold hit another record high at $3,004.86 on Friday March 14th

 CNBC here.

Sunday, March 16, 2025

Multiple job holders hit what only looks like a new high in Feb 2025 at 9 million not seasonally adjusted

 But as a percent of civilian population, the 3.3% current level still doesn't come close to the 1996 peak at 4.2%.

 
 


IRS turmoil into thrown

 

IRS into thrown turmoil at height of tax season...

... two IRS employees who spoke to CNN said that some of the actions taken by DOGE inside IRS appear to be aimed at finding ways to use the agency’s protected data to find undocumented immigrants. ...



The United States consumed 20.25 million barrels of oil per day in 2023, 3.88 million of which come from Canada and 3.38 million from Alberta lol


 

  What could possibly go wrong?

... Canada is the fourth largest oil producer in the world and Alberta is the country’s biggest producer. Some 97% of the country’s 4 million bpd of oil exports went to the U.S. in 2023 with several European nations and Hong Kong taking the remainder, according to Canada’s energy regulator. Alberta supplied 87% of the oil exported from Canada to the U.S. in 2023. ...

[Alberta Premier Danielle] Smith said Canada is looking at three different pipeline proposals to its West Coast, at least one pipeline into the Northwest Territories, one into Manitoba, one to the Hudson Bay, and one into Eastern Canada.

“Those are conversations we were not having three months ago,” [provincial energy minister Brian] Jean said of the pipelines. ...

More.

Friday, March 14, 2025

LOL, 8 Senate Democrats were Yea before they were Nay: 9 Senate Democrats and 1 Independent broke their own filibuster to advance the House Republican continuing spending resolution to a floor vote against which 8 of them then voted as it passed on a simple majority

 8 Democrats: "See, we voted against it!"

The Senate filibuster is indeed a magical, wonderful, horrible, no good thing. It makes you collect 60 votes to end debate, but then you can vote to make yourself look good right after you betrayed your friends.

Senate passes GOP funding bill to avert a government shutdown

The Senate passed a six-month funding bill Friday to avert a government shutdown hours ahead of the midnight deadline, sending it to President Donald Trump to sign into law.

The vote was 54-46, with two Democrats joining all but one Republican in voting yes. Earlier Friday, the bill cleared a key procedural hurdle with the help of 10 Democrats in a 62-38 vote. Sixty votes were needed to defeat a Democratic filibuster.

The votes came after a dramatic 48-hour period during which Senate Minority Leader Chuck Schumer, D-N.Y., broke with most House and Senate Democrats, announcing he would support moving forward on the bill one day after he declared it didn’t have the votes. Schumer ultimately voted no on final passage of the legislation.       

The cloture motion roll call 62-38 is here showing the nine Democrats and one Independent vote Yea to defeat their own filibuster.

The final passage roll call 54-46 is here showing eight of the ten, all Democrats, voting their phony Nays: Cortez Masto, Durbin, Fetterman, Gillibrand and Schumer, Hassan, Peters, and Schatz.

Peters, who voted Yea and then Nay, isn't running again next year, and neither is Shaheen, who really didn't care and voted Yea both times with King the Independent.

Rand Paul voted Nay Nay!

 


 


















Nay Nay is good.


 

Federal outlays in fiscal 2025 will be almost 200% higher than the 1982 outlays adjusted forward to today's dollars

 I've heard the Drain the Swamp bullshit since Reagan's Grace Commission in 1982, when federal outlays were $745 billion.

That's the equivalent of ~$2.5 trillion today, yet actual outlays will be $7.3 trillion in fiscal 2025.
 
DOGE can't possibly close that gap.
 
It's not called Leviathan for nothing.
 
Only one thing can fix it.
 
 

 

J. D. Vance in September 2021, a year before becoming US Senator from Ohio, is the brains behind Trump seizing the administrative state and firing everybody, Elon Musk is just the henchman

 


Senator Schumer's surrender to Republicans inflames rank and file Democrats even in their homes

The anger mirrors less visible Republican discontent with its supine leadership for failing to assert Congress' control over the power of the purse and letting Elon Musk run their show.
 

... "I know I speak for so many in our caucus when I say Schumer is misreading this moment. The Senate Dems must show strength and grit by voting no," said Rep. Becca Balint (D-Vt.).

... Some House members, in turn, have gotten an earful from constituents. "I have also never had so many people from home personally texting me—ANGRY," said another House Democrat. "I don't think they knew who Chuck Schumer was before today," the lawmaker said. "But they know now and they hate him." ...

Trump lets Putin select America's negotiating team, removes Keith Kellogg from Ukraine-Russia negotiations after objections from Putin, objections which may have been transmitted by Steve Witkoff

 Kremlin told U.S. it didn't want Trump's Ukraine-Russia envoy at peace talks

President Donald Trump’s special envoy for Ukraine and Russia was excluded from high-level talks on ending the war after the Kremlin said it didn't want him there, a U.S. administration official and a Russian official told NBC News. 

Retired Lt. Gen. Keith Kellogg was conspicuously absent from two recent summits in Saudi Arabia — one with Russian officials and the other with Ukrainians — even though the talks come under his remit.

“Together,” Trump said in announcing Kellogg’s nomination in November, “we will secure PEACE THROUGH STRENGTH.”

But Kellogg did not attend U.S.-Russia talks in Riyadh, the Saudi capital, on Feb. 18. Russian President Vladimir Putin thought he was too pro-Ukraine, a senior Russian official with direct knowledge of the Kremlin’s thinking told NBC News. ...  

Thursday, March 13, 2025

The S&P 500 is now down 10.1% from the Feb 19th high of 6144

 A correction.

Regulatory filing indicates Newsmax settled with Smartmatic for $40 million last year after claims that Smartmatic had wanted $400-$600 million for defamation

 Newsmax paid $40 million to settle defamation suit over 2020 election claims

Monmouth University calls it quits on Monmouth University Poll after 20 year run

 Monmouth University closing Polling Institute 

... “While the Polling Institute has done excellent work, it’s public polling mission is no longer aligned with our current strategic goals,” said Leahy. “I realize this is a significant change given the decades of outstanding work led by Patrick Murray, the founding director of the Institute since its inception in 2005.

“Patrick’s skilled analysis and media aplomb established the Monmouth University Poll as one of the top polls in the country for both accuracy and transparency, including a top-five ranking from the poll analysis website FiveThirtyEight.” ...


Blogger Kevin Drum has passed away of bone marrow cancer at 66

 Remembering Kevin Drum

... Kevin’s success was also a kind of victory of democracy over snobbery. It proved that you can write incisively about national affairs without being in Washington, New York, or San Francisco. You can be an ordinary person living an everyday middle-class suburban life where you don’t rub elbows with influential journalists, academics, or financiers, yet write journalism that those sophisticates—and plenty of other ordinary Americans—read and respect. ...

US House Democrats suddenly find themselves temporarily down two votes due to the deaths of Representatives Turner and Grijalva just days apart

Grijalva had been battling cancer since last year. Turner died suddenly and unexpectedly.

 

 



Senator Schumer betrays Democrats, pledges to vote for the continuing spending resolution, empowering Elon Musk on his rampage through the federal government

 


Republican Senator Mike Crapo is full of Orwellian crap, says extending the Trump tax cuts which increased deficits by $1.7 trillion won't keep increasing deficits


 

 If you're not changing the tax code, you're simply extending current policy—you are not increasing the deficit. The bottom line here is that it's a $4.3 trillion tax increase, not a $4.3 trillion deficit increase. 

-- Mike Crapo 

Most of the tax cuts passed by Republicans during President Donald Trump’s first term, in the Tax Cuts and Jobs Act of 2017 (TCJA), which raised deficits by $1.7tn, are set to expire at the end of 2025. ... Without new legislation, current law requires tax rates to return to their pre-TCJA levels. Maintaining the current policy would cost nearly $5tn in lost revenue over the next 10 years. 

-- Oren Cass

Passing economic legislation through the US Senate can by-pass the 60-vote rule if the legislation does not increase deficits beyond 10 years. 

The total public debt has ballooned by over $16 trillion under the Trump tax cuts.

Federal Judge William Alsup orders tens of thousands of federal employees fired by Mad King Ludwig rehired


 

 Thousands of fired federal workers must be rehired immediately, judge rules 

... Alsup, a San Francisco-based appointee of President Bill Clinton, ordered the Defense, Treasury, Energy, Interior, Agriculture and Veterans Affairs departments to “immediately” offer all fired probationary employees their jobs back. The Office of Personnel Management, the judge said, had made an “unlawful” decision to terminate them. ... Alsup is the first federal judge to order the administration to broadly unwind the firing spree that has roiled the federal workforce during Trump’s first two months in office. ...


Gold makes 12th record high in 2025 at $2,977.36


 

Spot gold climbed 1.6% to $2,977.36 an ounce, its twelfth record peak to date in 2025.

Prices are up nearly 14% so far this year after a solid 27% gain in 2024. U.S. gold futures rose 1.4% to $2,989.

More.

Hey look! Root causes are back in the news again after a brief hiatus

 The root cause of the Ukraine war is Vladimir Putin and the root cause of the illegal immigration problem was Joe Biden.

 



 

House Hamas mole loves tunnels

 


 Rashida Tlaib becomes lone House lawmaker opposing cracking down on Mexican cartels' border tunnel system

The inflation figures in this story, as usual, are based on seasonally adjusted measures

 

 
... no gain for the month after jumping an upwardly revised 0.6% in January, seasonally adjusted figures showed. ...

It's the same story with core wholesale prices for January 2025, not seasonally adjusted, also revised upward today one month later

 The monthly rise in core wholesale prices in January 2025 of 0.5% was revised up to 0.7% today, and the year over year increase was revised up to 3.8% from 3.6%.

Inflation in January 2025 was worse than previously reported, and probably was in February too as reported today, but we'll have to see, as long, anyway, as Ludwig doesn't manage to blow us all up in the meantime.

 





Wholesale prices not seasonally adjusted rose 3.7% year over year in January 2025, not the 3.5% reported last month

 The month over month change in wholesale prices was also revised up today, from 0.7% for January to 0.9%.

 





War is peace, freedom is slavery, ignorance is strength, tariffs are tax cuts

 



Marco Rubio and his fellow barbarians are shredding and burning USAID classified documents and personnel records


 

U.S. Agency for International Development (USAID) employees and outside groups are fighting an order from the agency’s leadership to shred and burn its classified documents as well as personnel records.

An email obtained by The Hill sent by USAID’s acting executive secretary instructs remaining employees at the dismantled agencies to “shred as many documents as possible first, and reserve the burn bags for when the shredder becomes unavailable or needs a break.” ...

More.

Wednesday, March 12, 2025

In February 2025 the average cost of electricity is 31.6% higher than it was 2016-2020

 The average price per kWhr was $0.136 for the five years 2016-2020.

 


 

In February 2025 piped utility gas to heat your home, heat your water, and cook with costs 55.7% more than it did on average 2016-2020

 The average price 2016-2020 was $1.0174 per therm.

 


 

In February 2025 gasoline costs 34.8% more than the average 2016-2020


The average price 2016-2020 was $2.419/gallon.

 


Beef, breakfast, and bliss just went up again: A dozen basic foods posting new all time high average prices in February 2025 according to the St. Louis Federal Reserve Bank

Choice chuck roast $8.104/lb
Ground chuck $5.744
All uncooked ground beef $5.96
All uncooked beef roasts $7.995
Round roast $7.49
Round steak $8.485
 
Eggs $5.897/dozen
Frozen orange juice $4.492/12oz
Coffee $7.246
White Sugar $1.011
 
Table wine $14.087/liter
Beer $1.819/pint
 
 

Ohio shoulda said pwease


 

Local projects like Milliken Road, Wright-Patt sidelined as U.S. House votes to avoid shutdown

Even as Ohio Republicans stuck with President Donald Trump and voted on Tuesday to approve a six-month government funding bill in the U.S. House, that decision came with a price — as the GOP plan denied federal funding for a variety of local projects across the state. ...

 

It's catching on


 

What they mean is losing your money is part of the game


 

Core cpi inflation was 3.117% year over year in February 2025, still 58.6% worse than the average 2017-2020

 We've been stuck in this range for 8 months.

The worst inflation in decades first fell to 3.1% in July 2024. 

We're still there.

 


 

The purchasing power of the US dollar fell again in February 2025: The dollar now buys 26.5% less than it did 10 years ago

The monthly decline in February was another -0.63%.

The year over year decline in February was -2.795%.

That's your headline inflation number today.