Friday, June 5, 2026

Just 48.82% had a full-time job in May 2026

 Trump I averaged 49.23% full-time, even with 2020 thrown in there.

For 2017, 2018, 2019 the average was 49.87%.

2019 averaged 50.38% full-time, Trump's best year.

Trump's best month was July 2019 at 50.98%, which Biden did not beat. 

Trump is making America 2017 again, not great.

Full-time peaks in the summers, so we'll see what happens, but the set-up doesn't look promising. 

 



We need 7 million new manufacturing jobs, not 7,000

 



The Dow Jones consensus estimate for May jobs was +80k, leisure and hospitality alone led all sectors with +70k lol, well above the 14k/month average over the past year, government added 52k, education and health services 40k

 

Productive jobs rose by 7k in manufacturing, by 17k in construction, and by 4k in mining and logging, mixed in there with the others.

 

 U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3%

 


 

Thursday, June 4, 2026

Democrats should have punted on allowing warrantless spying a long time ago, but it's amusing that Trump putting Pulte in the game might make them finally do it

I mean, Pulte's own family punted on him, why shouldn't Democrats?

Nope, you dope

Ruining young brains was not better.

And while we're at it, letting young girls cut off their tits wasn't better, either. 

"We got this, we got this" USDA says about Plan B after Plan A began too late, with too little urgency, and will be short of the needed 500 million sterile screwworm flies until 2028 at the earliest

We are so screwed, so to speak. 

Hamburgers will never be cheap as long as Donald Trump is president.

 

 Flesh-eating screwworm is confirmed in the U.S., officials say

... "The United States has defeated this pest before, and we will do it again," the USDA said.

... Dudley Hoskins, undersecretary for marketing and regulatory programs at the USDA ... “USDA invested heavily in the tools needed to eliminate NWS ever since cases started increasing in Central America and Mexico,” Hoskins said. “The United States has defeated this pest before, and we will do it again.” ... 

 Confirmed screwworm case in Texas sends two biotech stocks higher

... regional director of the Federal Crop Agency ... “We just had a conditional use drug approved; U.S. producers can handle it.” 

August 15, 2025: 

In Texas cattle country, ranchers brace for flesh-eating screwworms: The devastating pests have crossed Central America. Despite stepped-up efforts, there are not enough sterile flies to stop them.

... Washington has halted cattle imports from Mexico and invested millions in setting up a new sterile fly production plant in Metapa, Mexico. But it will take roughly a year to come online. 

 ... The U.S. eliminated screwworms in the 20th century by flying planes over hotspots to drop red-striped boxes packed with sterile flies, sometimes called “cupcakes” by ranchers. The USDA constructed a fly production plant in Mission, Texas, in 1962, that pumped out 96 trillion flies until it was decommissioned in 1981. Now the USDA is planning to resurrect the plant to disperse sterile flies, while Texas officials have scattered 100 screwworm traps along the border.

USDA inspectors known as Tick Riders who patrol the border on horseback to guard against another pest, the cattle fever tick, have also been tasked with conducting screwworm preventive treatment for all cattle and horses they find in the border area.

At the heart of the problem is an unworkable math equation. The USDA estimated 500 million flies need to be released weekly to push the fly back to the Darien Gap. At its maximum, the Panama plant produces just 100 million. 

“It’s an overwhelming situation at this point,” Dr. Lansford said. “Screwworm is obviously doing well in Mexico, and they’re up against the same challenges we are.” ...

October 21, 2025: 

Mexico’s major initiative to eradicate the screwworm will be ready in July 2026: The government is overhauling a fly production complex in Chiapas to make it the ‘world’s most modern’ facility of its kind, capable of manufacturing millions of sterile specimens as a chemical-free form of pest control

... Moscamed, as the factory is called, will begin manufacturing 100 million sterile flies by July 2026. ...

Until now, the sterile flies that are spread throughout the country to combat the screwworm plague (100 million each week) are brought from a plant managed by the Panama-United States Commission for the Eradication and Prevention of the Cattle Screwworm (Copeg), in Panama, where they have been working at maximum capacity to control the pest since January 2025. ...

With the other leg of the project, the construction of a manufacturing plant for these flies in Texas, international efforts project a production of up to 500 million flies per week, which will be released throughout the region. If international cooperation continues, myiasis could be eradicated in less time than the first time. Some representatives of Senasica have even talked about achieving this goal in five years. ...

USDA didn't break ground on the Texas facility until two months ago.

April 17, 2026: 

USDA and U.S. Army Corps of Engineers Break Ground on New Texas Sterile Fly Production Facility

 ... Initial operational capability targeted for November 2027, reaching production of 100 million sterile flies per week. 

Construction continues immediately beyond initial operations to scale full production capacity to 300 million sterile flies per week. ...

This new state-of-the-art facility will complement USDA’s ongoing production of 100 million sterile flies per week at the Panama-based COPEG facility. USDA has also invested $21 million to support modernization of Mexico’s Metapa, MX facility, expected to be operational in summer 2026. ... 

CNBC says long-term unemployment is surging but it is not, at least not yet

Long-term unemployment is surging in the U.S. There are hidden costs for workers and the economy

Long term unemployment is . . . falling.

The four-week moving average of initial claims has been falling for a year.

The four-week moving average of continued claims has been falling for ten months, not very fast at first, but falling decisively nevertheless.

The actual number unemployed 27 weeks or longer is down since December 2025. Yes, it is slightly higher than in January. 

The percentage of population unemployed 27 weeks or longer is not surging either. At 0.666% in April, the percentage has been holding fairly steady near this level also for ten months.

In this latter metric, a surge would look more like a steady climb toward 1.00% of population unemployed 27 weeks or longer, which is common after recessions begin. The climb to the current level has been very choppy, reflecting the chaos of positive and negative developments under Trump II.

And incidentally, a contraction in this metric falling below 0.5% would indicate good times are here indeed, so this right now is not that either, as Trumpty Dumpty keeps saying. 

Of course all of this could be about to change for the worse because of oil.

Oil makes our world go round. 

  


 

 

Trump always prefers a diplomatic solution after oil prices spike 62% after he doesn't


 

 Oil prices fall 3% on report Trump reluctant to restart Iran war

... The White House declined to comment on the report when asked by CNBC. A White House official said while Trump “always prefers a diplomatic solution, he has been clear about the consequences if Iran refuses to make a deal.” ... 

When will the president plead guilty?

 Former Trump advisor John Bolton agrees to plead guilty to retaining classified information, MS NOW reports

One law for me, another for thee. 

Wednesday, June 3, 2026

Middle East tanker transits May 26-June 1 2026: Strait of Hormuz 2.0/day, Bab-el-Mandeb Strait 17.3/day

SoH E: 0.9/day

BAM SE: 7.3/day

 


US House votes 215-208 directing the president to remove U.S. military forces from hostilities with Iran, which Republicans say isn't a war and which Trump says ended on April 7 lol


 

 House passes resolution to end Iran War, challenging Trump 

House lawmakers on Wednesday passed legislation designed to force President Trump to end the Iran War, marking a victory for Democrats and the constitutional purists who say the conflict is illegal without explicit congressional approval.

The tally was 215-208, with four Republicans — Reps. Thomas Massie (Ky.), Brian Fitzpatrick (Pa.), Tom Barrett (Mich.) and Warren Davidson (Ohio) — joining every Democrat in supporting the measure.

The development is largely symbolic, since there are lingering disputes about whether the measure, known as a concurrent resolution, carries the force of law. And Trump is certain to contest the authority of the measure even if it’s also passed by the Senate, where it’s headed next. ...

Behind Speaker Mike Johnson (R-La.), most Republicans have argued that the conflict does not rise to the level of a war, and therefore doesn’t require congressional approval. ... 

The administration is also challenging the measure from a practical angle, arguing that the conflict ended when Trump called for a ceasefire in early April. ... 

The House Roll Call is here

 


 

 

59.2% working at any job in April 2026 doesn't look particularly strong to me Mr. Treasury Secretary sir, especially compared with your boss' past performance

 


Who's gonna tell him?

 Bessent: Inflation jump will be 'short-term blip'...

Core inflation has been rattling around 3% or higher for nearly five consecutive years as our betters fail to get inflation down to their 2% goal.

I say their goal because 0% is the goal in the law. 

Goals are real nice, aren't they?

They, too, are meaningless. They are tricks to persuade you that our elected officials are serious people who agree with you while they have no intention of doing what they say they will do.

"Well I'm really sorry, Mr. Smith. We tried really hard to get inflation down but we had all these unexpected events ruin our best efforts." 

In 1Q2026 core inflation rose, to 3.11%, and under current circumstances no one thinks 2Q is going to be lower, which will make it five full years of this and headed the wrong way again.

One good blip deserves another, I guess. 

The Treasury Secretary is not serious about inflation, and just about everyone points to Scott Bessent as the serious person in this administration.

We are so screwed. 

 




LA Mayoral race: How does the percentage of the vote counted go down 7 points in 3.5 hours lol?!

 LA's problems are worse than you imagined!

 

But look at the other California races.

Results for Congressional District 7 were 50% counted at 1212 PM, but only 45% counted at 338 PM!

District 22 went down too, from 67% to 61%.

The race for governor went from 62% counted to 57%.

District 6 went from 55% to 50%.

And District 14 went from 51% counted to 47% counted.

 

As time goes by in California, they just keep finding more votes to count I guess, unlike in the rest of America.

 

1212 PM

338 PM


 Update, June 4, 2026, 545pm ROFLMAO:


 

This Donald Hussein Trump statement is willfully blind

 Trump: "A Little Perturbed" About Israel "Constantly Fighting With Lebanon... We've Got To Stop It"

As if Hezbollah doesn't exist in Lebanon.

Or Hamas in Gaza. 

Or Russia in Ukraine.

Who's side is he on, anyway?!

 

United Against Nuclear Iran says Iran's oil exports collapsed to a trickle in May due to the US Navy blockade of Iranian shipping

May 2026 Iran Tanker Tracker 

 

 


ADP total nonfarm private payrolls rose 122k in May 2026, but the 10-year trend for monthly change is basically flat not booming

But you already knew that.

 


Senator Thom Tillis says it's still amateur hour at the White House lol

 GOP Sen. Tillis slams Trump intelligence pick Pulte: ‘Don’t think he has a prayer’

... “Whoever these people are in the White House need to get the hell out of the White House,” Tillis said. “I am tired of amateur hour.” 

Tuesday, June 2, 2026

Joel Kotkin took a vacation to Italy to find fascism and found conservatism instead

Joel Kotkin, RealClearInvestigations 
 
In today’s Italy, some outlets like The Guardian label the present government of Giorgia Meloni as the doyenne of what it describes as “neo-fascism.” They see in her politics a savvy, gradualist way to restore the Mussolini-era patriarchy and strong, controlling state.
 
Although her party has its roots in a political descendant of the fascist regime, there is little evidence of what historian Simonetta Falasca-Zamboni has described as “fascist spectacle.” There are few Meloni posters, much less statues in Rome or elsewhere. She does not hold the kind of massive show-of-strength rallies that Mussolini and Hitler specialized in. Unlike Mussolini, she has no cadre of violent “Blackshirts” to impose the party’s will. 

Meloni’s governing philosophy, instead, is traditionalist and conservative. Like others in the European “far right,” she is protective of the vast Italian welfare state and not willing to rock the boat of what is, whatever its political coloration, a profoundly conservative country. Leftists do not fear criticism of her will land them in jail. Actually, the rising censorship in Britain and the EU is applied to those who challenge progressive assumptions. When Meloni’s proposed judicial reform was voted down, Meloni dutifully accepted the results. “She’s basically a Christian Democrat,” Rome-based economist Veronica De Romanis told me. “Stability is her main goal.” ... 

OMG not THAT idiot

 Trump picks housing Dir. Bill Pulte as acting intelligence chief, replacing Tulsi Gabbard

 

But speaking of idiots, just how does one become a former scion anyway?



 

Monday, June 1, 2026

The communist New York Times favors State of Massachusetts dictation of minimum lot sizes, the very same idea bipartisan legislators are keen to impose on Michigan residents

 ... For decades, the state government has ceded control over housing policy to its 351 cities and towns. When it comes to housing policy, the state of Massachusetts is often a bystander, allowing town governments to impose classic “not in my backyard” policies. ... The initiative would prevent many towns from setting needlessly large minimums for lot sizes and effectively blocking the construction of middle-class homes. The campaign, Legalize Starter Homes, is now trying to gather the nearly 12,500 signatures it needs before June 17 to place the measure on the ballot. We endorse the initiative. ... The initiative would create a statewide minimum of 5,000 square feet, which is about the size of a basketball court, and bar towns from setting their own standards. ...

That's less than 1/8 acre lol.

The editorial is here

Yuri Zhivago once had his "too big" house taken away from him by the communists, too, to make room for thirteen families:


 

 

Befuddled old man who once insisted on unconditional surrender doesn't know what to do anymore

Sad! 

 Trump tells CNBC: ‘I don’t care’ if Iran negotiations are over 

... But when asked if he has reached out to NATO to participate in reopening the strait, Trump said, “They would if I wanted them to, but I’m not sure I want them to.” ...

 



 

I hate the greedy bastards of summer

 


In March Pete Hegseth couldn't decide if Iran's military was merely decimated or totally devastated, and now Trump tells us Iran's military wasn't really hurt at all

 Humpty Dumpty says words mean whatever he says they mean.

Meanwhile I'm quite certain nine in ten members of Iran's military prefer decimation to devastation. 

 





 

Tim Carney doesn't mention why the bad polling results for Republicans and Trump on the economy started already in May 2025

The word "tariff" does not appear in this column lol.

  

... But the bad polling trends for Republicans and Trump generally started late last year, before the attack on Iran. The right-track-wrong track numbers started souring last May.

It’s reasonable then to suspect that Trump’s other problems — including stubborn inflation (aside from gas prices) and his family’s sketchy business dealings — are harming the GOP. This pre-Iran trend also suggests that the numbers won’t simply reverse if the Strait of Hormuz reopens and gas prices fall.

The Republican Party’s problem is deeper than gas prices, and so things won’t get better before November. The only question is whether things get worse.

Oh yeah, Iran wants to make a deal so badly it now threatens to shut down the Red Sea on top of the Persian Gulf

U.S. intercepts Iran missiles targeting American forces in Kuwait: CENTCOM 

Treasury yields rise after Iran reportedly stops communication with U.S.  

 U.S. oil jumps more than 7% on report Iran will halt talks with U.S. and completely block Hormuz

U.S. oil prices jumped nearly 8% Monday, after Iranian state media said Tehran will halt talks with the U.S. and completely close the Strait of Hormuz in response to Israeli attacks in Lebanon. ...

Tehran will completely block the Strait of Hormuz and open other fronts including the Bab el-Mandeb Strait, Tasnim reported. The Bab el-Mandeb Strait is a trade chokepoint that connects the Red Sea to the Gulf of Aden. ... 

Former Fed Chair Jerome Powell accepts Profile in Courage Award

 Fed’s Powell warns Trump’s political ‘stress test’ will wreck public trust in central bank

... “If any administration finds a ​way to remove Fed officials ​over policy differences, then ⁠future administrations will do so as well,” Powell said while accepting the John F. Kennedy Profile in Courage Award. “The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.” ... 

Sunday, May 31, 2026

Middle East tanker transits May 24-30, 2026 per UKMTO JMIC Update 52: Strait of Hormuz 1.7/day, Bab-el-Mandeb Strait 16.1/day

SoH E: 0.7/day

BAM SE: 7.3/day 


Newsweek's broadest case against Trump economy doomers is real GDP per capita lol

 

Gold and silver are still up 5+% year to date

 SPX +10.52% ytd

WTI +53.11% ytd

 

Meanwhile in April: 

Hamburger +18.9% yoy

Coffee +29.0% yoy

Unleaded regular gasoline +28.0% yoy

Electricity +7.2% yoy

Natural gas +3.1% yoy

[Trump 9/21/2024: "We will cut your energy prices in half. Mark it down . . . within 12 months . . ."] 

Milk +1.5% yoy

Whole Chicken -1.6% yoy 

Eggs -56.1% yoy

Tomatoes +50.0% yoy

 

And: 

30-year mortgage average monthly, above 6% since August 2022

Full time jobs above 50% of population just 6 of the last 25 quarters, all under Joe Biden


 

In pop culture news, on Friday's show some perversion was more equal than other perversion: Hot For Teacher 1984 was definitely just fine, 1978's Hot Child In The City . . . not so much


 


The MAGA Marxist wants more stimulus checks

 


The two-week ceasefire will be two months old next week


 

 Trump ends Iran meeting without announcing ‘final determination’ on deal

U.S. and Iran still without deal to end war after Trump says he’s not in a ‘hurry’ 

Because he's Mad King Ludwig, that's why


 

 Fentanyl BAAAAAAAAAAD, Ecstasy GOOOOOOOOOOOOOOD.

 Why Trump reversed course to fast-track psychedelic drugs for mental healthcare

Just about everything ships by diesel in the United States, and the price of it is up 59% since Mad King Ludwig was elected in November 2024

$3.52 > $5.60

 


Saturday, May 30, 2026

Meanwhile CNBC has an excellent story with great interactive graphs of vessel transits through the Strait of Hormuz and the Bab-el-Mandeb Strait before and after the Houthi and Iran conflicts

 And it's quite clear that the Iran war has had no real effect on the number of vessel transits through the Bab-el-Mandeb while destroying transits through the Strait of Hormuz.

Increased Saudi reliance on Yanbu on the Red Sea might change BAM transits in the future, but to what extent transits through SoH might recover is very difficult to say.

BAM transits never recovered from the Houthi threat, and SoH transits may not from the Iran threat, with serious implications not just for oil but for important bulk materials like fertilizer and helium.

SoH transits:

Feb 24 2026: 107.29
Apr 18 2026:   12.57
May 24 2026:    6.00
 
BAM transits:
 
May 24 2023: 82.86
Feb 26 2026:  40.14
May 24 2026: 38.14 

 

Oil exports through the Strait of Hormuz might not return to levels seen before the Iran war

... Daily traffic through the Bab el-Mandeb Strait, which connects the Red Sea to the Gulf of Aden, collapsed by more than half from 75 ships on Nov. 19, 2023 to 31 vessels by January 30, 2024. More than two years later, traffic through the strait still has not returned to the levels once considered normal. ...







Quite the howler from CNBC this morning: Closure of Strait of Hormuz keeps 100 million barrels a day from reaching global markets lol

Global oil production in 2025 was about 106 million barrels per day.

The Persian Gulf share of that was about 31 million barrels per day. 

 

 Analysis: The Iran war has made inequality worse. An end won’t fix it



The GOP just had a terrible May, generic Congressional poll shows Republicans collapsing to 40.7% giving Democrats an 8.1-point advantage