Yeah right, with you and Michael Moore SOMETIMES looks like once every 400 days

 

Peter Meijer, 34, has flamed out of West Point and now the U.S. Congress

 Way to go, Brownie.

Time to run for president!

 

Kansas' liberal 22-week abortion gestational limit makes it an outlier like The Netherlands in Europe

 KANSAS VOTERS KEEP ABORTION

 

 

You mean like with a cloth or something?

 Jan. 6 texts of Trump Defense officials wiped clean by Pentagon, court filing shows

Low winds for a whole year, huh

 In Germany last year, in part because of low winds and the already rising price of natural gas, hard coal and lignite accounted for 28 percent of electricity production.

Seems like an awful long time to be without wind but still depend on it.

More.

I hope Nancy Pelosi wears something more appropriate in Taiwan than she did in Italy, you know, maybe more like what she wore in Tiananmen Square in 1991

 

One thing's for sure, "local" gangsters Meinder and Sat in Whistler, Canada weren't Italian

 

Chief Kisses Hands A Lot visits Canada

 

Kamala Harris, the airier, lighter VP

 

One $1.337 billion jackpot winner in Illinois, and . . .

 

LOL, Michael Anton has moved on from the Flight 93 Election to the RMS Olympic/HMS Hawke Election

 . . . in full daylight on a calm sea within sight of land . . . two normally operated vessels steamed blithely to a point of impact as though mesmerized.

The waste of running a lame duck AGAIN just never occurs to the man.

Here.

WaPo lies are always good for a laugh

 But with Fed Chair Jerome H. Powell moving aggressively . . .

Here.

Yeah, that's the ticket

 THREAT TO SHOOT DOWN PELOSI PLANE

America and its people have added over $12 trillion to their total credit market debt outstanding just since 2019, but that has done little but stall the decline of debt growth

The $90 trillion millstone: We did it to ourselves.

We are now in the future we tapped in the past for the prosperity of "debt draws forward prosperity", and there's little here to be found.

From 1946 to 2008 when we hit the debt growth iceberg, real GDP grew at a compound annual rate of 3.324%. Since then it has fallen 49%, to 1.68%.

We should have stayed with capitalism in the post-war, where one risks actual savings instead of future notional tax, income, and fiat money "revenues". But capitalism went out the window a long time ago, bringing with it the end of the gold standard, the creation of the Fed, and the introduction of the income tax, among other horribles.

Payback is a bitch, and what can't be paid back won't. The rest comes out of your hide.

 

 

 

LOL, Joe Manchin extracts gas and oil drilling concessions in Gulf of Mexico and Alaska in $369 billion compromise called "America’s biggest legislative moment for climate and energy policy"

 

However, some groups more strongly condemned the support for fossil fuel projects in the agreement, specifically provisions that would mandate new oil and gas leasing in the Gulf of Mexico and Alaska. Manchin, who comes from the coal-rich West Virginia, has argued that drilling in these areas is neccesary for the country’s energy independence.

More.

Let's hope Blue Dog Joe is made of stronger stuff than Bart Stupak and stands firm on the fossil fuel provisions. Stupak famously flamed out in 2010 when he helped pass Obamacare under reconciliation even though it omitted Hyde Amendment provisions prohibiting federal funding of abortion which he had insisted he supported and had to be in the bill.

The compound annual growth rate for US real GDP over the last 23 years continues almost 44% off the 1929-1999 rate of 3.53%

Recent US GDP: Nominal / Real

4Q2021: $24.0028 trillion / $19.8063 trillion

1Q2022: $24.3867 trillion / $19.7279 trillion

2Q2022: $24.8518 trillion / $19.6817 trillion (first estimate)

BEA, here, Table 3, Line 1.

Everybody's focusing on the short term decline in real GDP this year, as usual, ignoring the much worse big picture.

From 2Q1999 through 2Q2022 the compound annual growth rate comes in at a measly 1.98%, 43.9% off the previous 70-year performance. 

That's the real story about real GDP. We are living in much diminished circumstances since 1999.

And nobody knows how to fix it.

LOL, Larry Summers reportedly behind relatively puny tax and spending deal between Joe Manchin and Chucky Schumer

Schumer, Manchin Quietly Resurrect Deal Washington Left for Dead...
 

The Washington Post, citing people familiar with the details, reported that the two men spoke this week. A spokeswoman for Summers declined to comment,  as did a spokeswoman for Manchin. This time, the haggling and lobbying bore fruit: a surprise agreement for a $369 billion tax, energy and climate plan that Manchin and Schumer announced on Wednesday.

You remember Larry Summers, right?

 

 

Nancy Pelosi: Paul decided to sell the shares at a loss rather than allow the misinformation in the press regarding this trade to continue

 Pelosi husband sells off $5 million worth of chipmaker stock ahead of semiconductor bill vote...

Stonks just laugh at Powell 0.75 point rate hike to fight inflation

 

Fixed it for ya: Stonks continue to laugh at puny Fed rate hikes as interest rate arbitrage is defacto Fed policy

The stock market is liking Fed rate hikes this year, unlike in the past

Arbitrage.

This year's drinking word.

DFF: 1.58%.

CPIAUCNS: 9.1%.

Hey, watch me borrow cheap, buy a trailer park, and raise the rents and fees on little old ladies on Social Security.

We're goin' to Vegas, baby!