Don't piss gasoline down my back and tell me it's rainin', Senator

What labor shortage? We have 1 million more people 20 to 24 years old than we did in 1979, but 400,000 fewer counted in the labor force and 20,000 fewer actually working

What labor shortage? We have 800,000 more people 25 to 54 years old than we did 10 years ago, 830,000 fewer counted in the labor force, and 45,000 fewer actually working

What labor shortage? We have MORE teens in 2018 than in 1978, but 3.5 million fewer are counted in the labor force and 2.7 million fewer WORK

Well, at least the Minneapolis Fed President doubts the labor shortage narrative

Too bad he doesn't have a vote right now.

25th anniversary of FBI crimes at WACO

Story here.

Total unemployment looks headed for a new cyclical low in 2018 similar to the year 2000

The year 2000 was also noteworthy for peak S&P 500, in August on a monthly average basis. The same may obtain for 2018. The market's average level in January already may have established the top for this cycle.

Maybe gasoline wouldn't cost as much if we didn't export 8% of our consumption

In 2017 our consumption of gasoline came to 3.40 billion barrels, but that year we exported 0.273 billion barrels, or 8% of that consumption, a new record. Consumption actually fell in 2017 from 2016 when consumption hit 3.41 billion barrels.

The news today says prices are climbing because of increased demand and tighter supplies. But as prices have risen in the last year, miles-traveled are down sharply year over year in January. Growth of miles-traveled had barely caught up with pre-recession levels in 2016 and 2017 and is now on the verge of recession-like conditions to start 2018.

We'll see if any of this continues, but one thing's for sure. Paying $3.00+/gallon this summer isn't what we voted for when we voted for Donald Trump.

Hogg jumps shark, now calls for boycott of Blackrock and Vanguard over guns

Story here (photo here).

Rotza ruck with that, kid.

TrimTabs: 1Q2018 pace of corporate stock buybacks and deals outstrips pace of wage increases by 85%

For the five years previous to the Trump corporate tax cuts, buybacks and deals outstripped wage increases $4.9 trillion to $2.3 trillion. The pace increased in the first quarter to a projected five-year level of $6.1 trillion to $2.6 trillion, meaning the pace of stock buybacks and deals is up 24% but only 13% for wage increases. The difference between those two rates of increase is nearly 85%.

The CNBC story, "Tax cut riches have gone to execs and investors over workers by nearly 3-to-1 margin", is here. The headline exaggerates the 1Q2018 ratio of buybacks of $305 billion to wage increases of $131 billion, which is actually 2.3:1.

Liberal math, but still. The Trump tax cuts are going to top managers and stockholders overwhelmingly compared with the masses of ordinary wage earners.

This explains the resilience of the stock market indices near their record highs. The tax cut cash is flowing into stocks, boosting and supporting prices.

Piers Morgan: James Comey's a snivelling, egotistical worm, an incompetent, inept, self-aggrandising gossip-mongering drama queen, not to mention a treacherous, useless, money-grabbing weasel

Here.

Gee Piers, why don't you tell us how you really feel?

Congress may end up getting rid of Jeff Sessions and Rod Rosenstein if Trump won't

The window for that, however, closes if Republicans lose the House in November. Reps. Jordan and Nunes ought to consider that the Department of Justice will continue to slow-walk this just enough to get them there.

From the story here:

Although the DOJ cooperated with the lawmakers Wednesday, the department has still failed to fully comply with congressional subpoenas for thousands of documents. Thus, Attorney General Jeff Sessions appointed U.S. Attorney John Lausch of the Northern District of Illinois to speed up efforts to deliver documents lawmakers have been seeking for months. But if the process drags out too much longer, [Rep.] Jordan said there would be severe consequences for Rosenstein, Wray and Sessions.

"My attitude is just like [Nunes']. If things don't change dramatically — and I'm talking days, not weeks or months — if they don't change dramatically, then impeachment and contempt and resignations should all be on the table," Jordan warned. "Because we're tired of it, and more importantly the American people are tired of it."

Two US guided-missile destroyers never fired a shot, Syria attacked instead from three other directions

Bloomberg reports here in "Warship Ruse and New Stealth Missiles: How the U.S. and Allies Attacked Syria":

While both vessels carry as many as 90 Tomahawk missiles -- the main weapon used in the Friday evening strike on Syria -- neither ship in the end fired a shot. Instead, according to a person familiar with White House war planning, they were part of a plan to distract Russia and its Syrian ally from an assault Assad’s government could do little to defend itself against.

The Laugh of the Day: Trump 2013 says Obama must get Congressional approval b4 attacking Syria

Miloš Forman has passed away at 86

The Czech director of Amadeus (1984, won 8 Academy Awards) and One Flew Over The Cuckoo's Nest (1975, won 5 Academy Awards) had made his American home in Connecticut. 

The LA Times has the obit, here.

SECDEF Mattis has called the joint missile strike on Syria a "single shot", not an opening salvo in a war

Reported here:

Mattis said the strike was a “single shot” aimed to deter the Syrian regime from using chemical weapons. Whether the United States and its allies will pursue further action in Syria would “depend on Mr. Assad should he decided to use more chemical weapons in the future," the secretary said. 

Critics will no doubt say the April 2017 missile attack was a one-off, too. How many one-offs does it take before we're at war?

US, France and Great Britain attack Syrian chemical facilities after 6th Russian veto at the UN on Tuesday

From the veto story here:

Washington (CNN) -- Russia vetoed a US draft resolution at the UN Security Council Tuesday that would have established an independent investigation into the suspected use of chemical weapons in Syria. ... In November, Russia blocked the renewal of the independent panel investigating chemical weapons in Syria, and British Ambassador Karen Pierce reminded the council that Tuesday's vote marked Russia's sixth veto related to chemical weapons in Syria. Seven nations -- including the US -- voted against a Russian resolution that would have set up an investigation overseen by the Security Council. According to Haley, that draft was designed to give Russia a chance to approve the investigators who were chosen for the task and allow the Security Council to assess the findings of the investigation before any report was released. A second Russian resolution that only supported the Organization for the Prohibition of Chemical Weapons fact-finding mission in Syria also failed to pass. The organization is made up of an international team of investigators but it cannot on its own determine who was responsible for the attack.

If we really had full employment in America, we wouldn't be missing 7.6 million working

The difference between 63.2% working before 2009 and 60.2% working in March 2018 is 7.6 million.

China has 350,000 students in the US, many of them spying and reporting to 100 "Confucius Institutes" at US universities

Bill Gertz reports here.

Former British Ambassador to Syria says first responders to gas attacks on which the West relies are themselves Islamic fanatics who beheaded their enemies

Watch here.

He says the video evidence is unverified and probably staged and that the West should get inspectors in there.