Today's up-is-down headlines: Variety v The Hill, Drudge v Real Clear

 Tucker Takes Man Cave Rants to Social Media -- to Smaller Results... (Drudge)

First Episode of "Tucker on Twitter" Nets More Than 70 Million Views (Real Clear Politics)

 

Gold remains far more overvalued than US stocks, which is saying a lot

Gold is at least 167% overvalued relative to inflation since 1913. $600ish gold makes sense. $1600 gold does not, let alone $2067, the 2020 high.

Meanwhile stocks are off-the-charts overvalued, about 93% relative to the post-Great Depression median valuation of 81 through 2019, as of the latest GDP figures from late May.

Speculation in both gold and stocks, not to mention a host of other things, has been driven by Federal Reserve interest rate suppression since 2001.

How long elevated gold and stock prices can persist in the new higher interest rate environment is anyone's guess.

The Fed Funds rate still averaged a low 1.69% in 2022, so it's still early innings.

.

May 25, 2023

Young Americans are too ignorant to blame the correct government entity for housing unaffordability for some reason

 . . . young Americans condemn their municipal and state governments for the current housing affordability problem.

More.

Quest for money overwhelms hypocritical PGA Tour as it merges with Saudi LIV Golf

 As usual that lyin' blue scumbelly Donald Trump is at the heart of this:

The agreement — the second stunning sports deal in just months, following World Wrestling Entertainment’s merger with Endeavor Group’s UFC — will require the approval of the PGA Tour policy board, Commissioner Jay Monahan said in a memo to players that was obtained by CNBC. ...

Family members of those who perished in the Sept. 11, 2001, terrorist attacks have protested the league, including outside of events. Fifteen of the 19 hijackers on Sept. 11 were from Saudi Arabia, and Osama Bin Laden, the mastermind behind the attacks, was born in the country. It has been concluded by U.S. officials that Saudi nationals helped fund the terrorist group al-Qaeda, although investigations didn’t find that the Saudi officials were complicit in the attacks.

The group 9/11 Families United said they were “shocked and deeply offended” by the merger in a statement on Tuesday.

“Mr. Monahan talked last summer about knowing people who lost loved ones on 9/11, then wondered aloud on national television whether LIV Golfers ever had to apologize for being a member of the PGA Tour. They do now – as does he,” said 9/11 Families United Chair Terry Strada, whose husband Tom died in the World Trade Center’s North Tower. “PGA Tour leaders should be ashamed of their hypocrisy and greed. Our entire 9/11 community has been betrayed by Commissioner Monahan and the PGA as it appears their concern for our loved ones was merely window-dressing in their quest for money – it was never to honor the great game of golf.” ...

Former President Donald Trump, who has hosted a number of LIV Golf events at his golf courses, has defended those events, falsely claiming that “nobody’s gotten to the bottom of 9/11.” Last year, Trump also said on Truth Social that a merger between LIV and The PGA Tour was inevitable.

On Tuesday, Trump weighed in on the merger on his Truth Social platform: “Great news from LIV Golf. A big, beautiful, and glamorous deal for the wonderful world of golf. Congrats to all!!!”

More.

On the contrary, 365k Union dead x $7.5 million each equals $2.7375 trillion in reparations blacks owe Uncle Sam, at minimum

 

St. Matthew's School in Newfoundland, Canada, hard at work grooming the children: The agenda is pride 365

 One month is not enough.

College dropout F. Chuck Todd calls it quits at Meet The Depressed while he's still ahead

Proving yet once again that you don't need a college degree to rise to the level of your incompetence in this great country of ours.

 

The left's campaign to make sure Trump is the GOP candidate gets more incoherent by the day

 Days ago we were told Ron DeSantis is too dumb to run his own messaging and had to rely on his wife.

Now his wife is a Walmart deplorable.

I'd say they've lost their minds but they never had any to lose.

 

You'd think Trump could spell his name correctly after all that's passed between them, but why congratulate North Korean ascendancy to the WHO?

It's all just weird.

And Jimmy Carter level bad.

 

The tide is turning

 

It's the third anniversary of the $2 billion June Donald Trump did nothing about except tweet

 

I had to see it for myself because I just couldn't believe it was real, but it is

 

Magadonia is located in the tiny country of Also Ran:

 

Full time employment in May 2023 was a solid 50.47% of civilian population, similar to 2019 levels: Recession delayed

 The measure averaged 49.7% in 1Q2023, but climbed in April to 50.2% and to 50.4% now.

Full time usually peaks in the summer.

Debt ceiling compromise clears the US Senate 63-36, Republican Senators extract pledge from Chucky Schumer for more defense spending which amounts to a pig in a poke so 31 vote against it anyway

Hello, all spending bills must originate in the House.

Some Senate Republicans are pretending you don't know that.

What a joke.

 CNBC:

Majority Leader Chuck Schumer spent much of the day Thursday hammering out an agreement with a group of Senate Republicans who demanded that he pledge to support a supplemental defense funding bill before they would agree to fast-track the debt ceiling bill.

The current House debt ceiling bill provided $886 billion in defense spending for fiscal year 2024, an increase of 3% year over year. That figure rose to $895 billion in 2025, an increase of 1%.

But GOP Sen. Susan Collins of Maine called this “woefully inadequate” Thursday, arguing that a 1% increase did not keep pace with inflation, so in practical terms, it was actually a decrease in military funding. The solution came in the form of a rare joint statement from Schumer and Senate Minority Leader Mitch McConnell, R-Ky., which was read on the floor.

“This debt ceiling deal does nothing to limit the Senate’s ability to appropriate emergency supplemental funds to ensure our military capabilities are sufficient to deter China, Russia and our other adversaries and respond to ongoing and growing national security threats,” Schumer read. “Nor does this debt ceiling limit the Senate’s ability to appropriate emergency supplemental funds and respond to various national issues, such as disaster relief, combating the fentanyl crisis or other issues of national importance,” said Schumer.

The Hill:

The normally slow-moving chamber raced through a dozen votes in just over three hours. ...

A total of 31 Republicans voted against the measure ...

Just four Democrats voted against the measure: Sens. John Fetterman (Pa.), Ed Markey (Mass.), Jeff Merkley (Ore.), Elizabeth Warren (Mass.), along with Bernie Sanders (I-Vt.). ...

The legislation would provide $886 billion for defense, which negotiators described as a 3 percent increase, and $637 billion for non-defense programs, according to a White House summary. ...

Senate Republican Whip John Thune (S.D.) said McCarthy didn’t sign off on the agreement between Senate leaders and defense-minded GOP senators. ...

Asked how confident he is about a defense supplemental spending bill passing later in the year, Thune said, “hard to say.” 

“It was important for some of our members have folks on the record acknowledging there clearly could be a need, will be a need for our national security interests,” he said.

Trump's February 2020 deal with Taliban finally pays off lol, Taliban terrorists attack Iran terrorists with US weapons Joe Biden left behind

 Taliban Fighting Iran -- With American Weapons...

 

Wants absolutely nothing to do with Labia, either

 World's first openly gay president elected in Latvia...

Suit yourself

 LIZZO: KNOCK OFF FAT TAUNTS OR I QUIT MUSIC!

The US House passed the debt ceiling compromise 314-117 this evening

 

Seventy-one Republicans and 46 Democrats voted against the bill in the House — mostly liberals and conservatives protesting specific provisions of the bill. Their numbers, however, were never a threat to the bill’s passage because of a hodgepodge of moderates and leadership allies who — despite some acknowledging the bill wasn’t exactly what they wanted — threw their support behind the measure. ...

The Congressional Budget Office (CBO) Tuesday estimated that the bipartisan debt limit deal could reduce projected deficits by about $1.5 trillion over the next decade, a meager assessment compared to the roughly $4.8 trillion the nonpartisan scorekeeper said the GOP bill would save. ...

While votes on rules, which govern debate over legislation, typically break along party lines, 29 Republicans broke from the GOP and opposed the rule on Wednesday as a way to boycott the debt limit bill. Shortly before the vote closed — as the bill was poised to be blocked — 52 Democrats threw their support behind the rule, bringing the final vote to 241-187 and allowing the debt limit bill to advance to the floor for a full vote.

More.

Lesbian couple still obsessively testing and masking, even outdoors, and up-to-date on their jabs, has COVID-19 land at their door anyway

 

In the past two years, my partner and I have taken more at-home COVID tests than we can count. After our first test in 2021, we obsessively checked every few seconds to see what the indicator would reveal. Longest 15 minutes ever.

We’re up to date on our vaccinations. We still mask up in stores and on public transportation. We recently attended our first concert in three years and though most of our fellow concertgoers at the outdoor venue weren’t masked, we were. Still we swabbed our nostrils a few days later. Both negative.

So it never crossed our minds as we were about to leave town for the Memorial Day weekend that we would get anything other than the desired result. My COVID test was negative. Hers was positive. A second test confirmed the first.

More.

Thomas Massie of Kentucky voted for the rule advancing the debt ceiling compromise to the House floor because the compromise contains the Penny Plan and a return to regular order

 The Penny Plan would be triggered in the event 12 appropriations bills are not passed by Jan. 1 annually, automatically reducing spending 1% across the board.

Ending the present bad habit of omnibus spending bills is essential to a return to good governance and represents a good reason to vote for this bill despite its shortcomings.

 

Massie followed through with his statement during Tuesday evening’s vote when he supported the rule. He also told reporters that he plans to vote for the bill when it comes to the floor on Wednesday after announcing it in a closed-door GOP conference meeting minutes earlier.

“It’s because it cuts spending,” Massie told The Hill Tuesday night when discussing his intent to support the bill.

“Nothing I’ve ever voted on has ever cut spending that’s passed that’s become law; this will,” he added.

During Tuesday’s Rules Committee hearing, Massie highlighted a provision in the debt limit bill that incentivizes Congress to pass 12 appropriations bills rather than relying on omnibus measures to fund the government. The provision threatens to cut government spending by one percent across the board if the measures are not approved by Jan. 1.

“There is one way in which I think this bill got better, and it is this 1 percent cut that we’re all agreeing to if we vote for this bill, Republicans and Democrat, come Jan. 1. If we haven’t done our homework, and if the Senate hasn’t done their homework, and if the president hasn’t signed those bills — so everybody is gonna be in this, responsible for the outcome,” Massie said.

More.